Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Air Canada flight attendants vote against agreement reached last month, but operations to continue

September 6, 2025

Hurricane Kiko expected to go north of Hawaii, reducing wind and rain

September 6, 2025

Argent LNG reaches key regulatory milestone for Port Fourchon

September 6, 2025
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » Hoegh Evi, Aker BP Get DNV Initial Approval for CO2 Carrier Design
Middle East

Hoegh Evi, Aker BP Get DNV Initial Approval for CO2 Carrier Design

omc_adminBy omc_adminJune 6, 2025No Comments4 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


Aker BP ASA and Hoegh Evi have received an approval in principle from classification and advisory firm DNV AS for a next-generation carbon dioxide (CO2) carrier designed to transport captured industrial emissions in Europe to sequestration sites in Norwegian waters.

“While initially sized to handle up to 10 million tonnes of CO2 per annum, it may be scaled to accommodate growing market demand”, Hoegh Evi, formerly Hoegh LNG, said in an online statement. The vessel is being developed in Norway with Saipem SpA subsidiary Moss Maritime a.s.

Aker BP operates two licenses to explore potential CO2 injection sites on the Nordic country’s continental shelf: EXL 005 Poseidon and EXL 011 Atlas.

“DNV’s Approval in Principle includes a comprehensive assessment of the vessel’s design, including its onboard CO2 conditioning module. It is the first to be reviewed under DNV’s new CO2 RECOND class notation, developed specifically for CO2 handling and conditioning”, Hoegh Evi said.

Ørjan Jentoft, Aker BP asset manager for carbon capture and storage, commented, “We are excited to leverage Aker BP’s extensive upstream expertise to mature and develop CO2 storage solutions on the Norwegian Continental Shelf”.

“This innovative design with designation from DNV is expected to set new benchmarks in safe, cost-efficient, and sustainable large-scale CO2 transportation and storage”, Jentoft added.

Earlier this month INEOS Group named and launched what it said was the first Europe-built CO2 carrier for capture and storage.

Adapted for handling CO2 under pressure and at low temperatures, Carbon Destroyer 1 was built at the Royal Niestern Sander shipyard in the Netherlands to serve the Denmark-based Project Greensand. The vessel used the EasyMax design developed by Dutch shipping majors Royal Wagenborg and Royal Niestern Sander.

The Project Greensand partners – diversified British company INEOS, London-based Harbour Energy PLC and Danish national oil and gas company Nordsøfonden – expect the ship and the other CCS components to become fully operational by the end of 2025 or early 2026. Project Greensand aims to store 400,000 metric tons per annum of CO2, with plans to ramp up to as much as eight million metric tons annually by 2030.

“The launch of Carbon Destroyer 1 is an important next step for Carbon Capture and Storage in Europe. We are demonstrating that Carbon Storage is commercially viable and a far better way to decarbonize Europe without its deindustrialization”, INEOS chair Jim Ratcliffe said in a joint statement by the Project Greensand partners and the shipbuilders May 14.

Project Greensand is the first of its kind to demonstrate that captured CO2 can be transported cross-border and stored offshore, according to INEOS. It had its demonstration March 2023 when it injected CO2 transported from Belgium into the Nini field on Denmark’s side of the North Sea.

To contact the author, email jov.onsat@rigzone.com


What do you think? We’d love to hear from you, join the conversation on the

Rigzone Energy Network.

The Rigzone Energy Network is a new social experience created for you and all energy professionals to Speak Up about our industry, share knowledge, connect with peers and industry insiders and engage in a professional community that will empower your career in energy.

element
var scriptTag = document.createElement(‘script’);
scriptTag.src = url;
scriptTag.async = true;
scriptTag.onload = implementationCode;
scriptTag.onreadystatechange = implementationCode;
location.appendChild(scriptTag);
};
var div = document.getElementById(‘rigzonelogo’);
div.innerHTML += ” +
‘RIGZONE Empowering People in Oil and Gas‘ +
”;

var initJobSearch = function () {
//console.log(“call back”);
}

var addMetaPixel = function () {
if (-1 > -1 || -1 > -1) {
/*Meta Pixel Code*/
!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window, document,’script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘1517407191885185’);
fbq(‘track’, ‘PageView’);

/*End Meta Pixel Code*/
} else if (0 > -1 && 91 > -1)
{
/*Meta Pixel Code*/
!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window, document,’script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘1517407191885185’);
fbq(‘track’, ‘PageView’);
/*End Meta Pixel Code*/
}
}

// function gtmFunctionForLayout()
// {
//loadJS(“https://www.googletagmanager.com/gtag/js?id=G-K6ZDLWV6VX”, initJobSearch, document.body);
//}

// window.onload = (e => {
// setTimeout(
// function () {
// document.addEventListener(“DOMContentLoaded”, function () {
// // Select all anchor elements with class ‘ui-tabs-anchor’
// const anchors = document.querySelectorAll(‘a .ui-tabs-anchor’);

// // Loop through each anchor and remove the role attribute if it is set to “presentation”
// anchors.forEach(anchor => {
// if (anchor.getAttribute(‘role’) === ‘presentation’) {
// anchor.removeAttribute(‘role’);
// }
// });
// });
// }
// , 200);
//});



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

Permex Signs $3MM Option Agreement to Acquire Producing Wells

September 6, 2025

Oil Drops to Lowest Since May Ahead of OPEC Talks

September 5, 2025

India Will Keep Buying Russian Oil, FinMin Says

September 5, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

LPG sales grow 5.1% in FY25, 43.6 lakh new customers enrolled, ET EnergyWorld

May 16, 20255 Views

South Sudan on edge as Sudan’s war threatens vital oil industry | Sudan war News

May 21, 20254 Views

Trump’s 100 days, AI bubble, volatility: Market Takeaways

December 16, 20072 Views
Don't Miss

India will keep buying Russian oil despite Trump demands

By omc_adminSeptember 5, 2025

(Bloomberg) — India’s Finance Minister Nirmala Sitharaman said the country will continue buying Russian oil,…

Saudi Arabia pushes OPEC+ to fast-track production increase

September 5, 2025

Guest Post: ESG Is Under Fire – Here’s How We Can Rebuild Trust

September 5, 2025

EIB, EDF Seal $540M Financing to Fortify France’s Power Grid for Renewables and Climate Resilience

September 5, 2025
Top Trending

Climate crisis will increase frequency of lightning-sparked wildfires, study finds | US wildfires

By omc_adminSeptember 6, 2025

Higher defence spending is pointless without climate aid, says UN chief | Climate crisis

By omc_adminSeptember 6, 2025

‘Everything is gone’: Punjabi farmers suffer worst floods in three decades | India

By omc_adminSeptember 6, 2025
Most Popular

The Layoffs List of 2025: Meta, Microsoft, Block, and More

May 9, 20259 Views

Analysis: Reform-led councils threaten 6GW of solar and battery schemes across England

June 16, 20252 Views

Guest post: How ‘feedback loops’ and ‘non-linear thinking’ can inform climate policy

June 5, 20252 Views
Our Picks

Argent LNG reaches key regulatory milestone for Port Fourchon

September 6, 2025

Kazakhstan’s “Multi-vector” Energy Policy: Diversifying Exports and Strengthening Global Partnerships

September 6, 2025

Permex Signs $3MM Option Agreement to Acquire Producing Wells

September 6, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.