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This Week in Energy Sector – 19th to 25th August

By August 25, 2023No Comments

TotalEnergies Acquires 40% Interest in CO2 Storage Exploration Licence Offshore Norway

  • TotalEnergies has acquired a 40% interest in the CO2 storage exploration licence ExL004, known as the “Luna” project, from CapeOmega Carbon Storage. 
  • The licence is located offshore Norway and adjacent to the Northern Lights CO2 storage project. 
  • TotalEnergies aims to grow its CO2 storage offering and develop a world-class carbon storage portfolio in the North Sea.

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Shell and USP Pioneer World’s First Ethanol-Based Hydrogen Fuel Station

  • Shell and the University of São Paulo are collaborating on constructing the world’s first experimental hydrogen refuelling station that uses ethanol as its primary source. 
  • The station, funded by Shell Brasil, aims to produce 4.5 kilograms of hydrogen per hour and is a significant step towards sustainable energy solutions.

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Denmark Plans to Allocate 26.8bn Crowns For New CO2 Capture and Storage Tenders

  • Denmark plans to provide 26.8 billion Danish crowns ($3.9 billion) in state aid over 15 years for projects that capture and store 2.3 million metric tons of carbon dioxide (CO2 ) emissions annually. 
  • The country aims to achieve net zero carbon emissions by 2045 and sees carbon capture and storage (CCS) technology as crucial in reaching this goal. 
  • The projects must be operational by 2029.

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Gas Strikes in Australia Loom if No Progress in Talks Wednesday

  • Talks to avoid strikes at Australia’s biggest liquefied natural gas export terminal began Wednesday morning, with the threat to supply set to continue rocking global markets for the fuel.
  • Strikes at Woodside and Chevron Corp. facilities, which are facing similar labour action, may put as much as 10% of global LNG supply at risk just as the Northern Hemisphere prepares for winter.
  • “We are making good progress” in discussions, Woodside Chief Executive Officer Meg O’Neill said on Tuesday, noting that an agreement would have to cover the totality of the employment arrangement, and it isn’t as simple as just negotiating pay.

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Bayer, GenZero, and Shell Partner to Reduce Rice Cultivation Methane Emissions

  • Bayer, GenZero, and Shell Energy India are collaborating on a project to reduce methane emissions in rice cultivation. 
  • The initiative aims to establish standards for decarbonising rice farming through training, support, and measurement mechanisms. 
  • The International Rice Research Institute will assess the project’s greenhouse gas reductions.

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