The Friday announcement will see ExxonMobil joining with Shell, Harbour Energy and project-leader Storegga, a subsidiary of Pale Blue Dot, to build the project.
The Acorn project looks to capture at least 5 million tonnes of carbon dioxide per year by 2030 from gas terminals in Saint Fergus, including ExxonMobil’s joint venture terminal. Captured carbon dioxide will be shipped using existing pipeline 100 kilometres offshore and stored in rock formations below the North Sea.
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
SLB OneSubsea and Subsea7 have signed a long-term strategic collaboration agreement with Equinor and begun work on two of its… Read More
Presight has acquired a 51% shareholding in AIQ, an energy-focused AI player founded by ADNOC and G42, the companies announced… Read More
UK engineering contractor Wood has been awarded a decarbonisation project by TotalEnergies to support flare gas recovery in the North… Read More
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