Jan Wurzbacher To restrain global warming, we know we need to drastically reduce pollution. The very next step after that: using both natural and technological solutions to trap as much excess carbon dioxide from the air as possible. Enter Orca, the world’s first large-scale direct air capture and storage plant, built in Iceland by the…
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Fitch Ratings – New York – 16 Jul 2020: Fitch Ratings has upgraded Suriname’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CC’ from ‘RD’. Fitch has also upgraded the issue rating on Suriname’s 2023 notes to ‘CC’ from ‘D’. KEY RATING DRIVERS The upgrades follow the completion of the “consent solicitation” to reschedule the principal…
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The successful drilling, carried out in an offshore location about 185 kilometers from the coast and at a water depth of 904 meters, has revealed several oil-bearing campanian sandstone reservoir packages, the company announced on November 2. The Roystonea-1 well reached a total depth of 5,315 meters. Petronas said that the discovery is poised to…
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eyesonbrasil Amsterdam, Nov. 2nd 2023– Within a very foreseeable future Allseas will begin developing the work which has been agreed between them and Porthos and the first tasks will include installation, burial and commissioning of a 16-inch CCS pipeline. This pipeline will connect a compressor station located at Maasvlakte, and the P18-A platform, which is…
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Amsterdam, Nov 2nd 2023– The U.S. Department of Energy (DOE) announced that they will be awarding $36 million to 11 projects, spread over 8 states. This has been done in order to drive forwards the Biden-Harris Administration’s efforts and to accelerate the development of marine carbon dioxide removal (mCDR). The funding for these projects comes…
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by Brian Kahn – Bloomberg Christoph Gebald’s company, Climeworks, is a pioneer in carbon-capture technology. Can it grow quickly enough to make an impact in the climate fight? Most everyone who’s committed their career to solving the climate crisis comes to the field because they have something they want to save. It’s the mountains for…
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