Third Northern Lights LCO2 carrier blessed, now preparing for service
The Northern Lights project, a key initiative for carbon capture and storage (CCS), has received its third LCO2 carrier, the Northern Phoenix. This vessel is now preparing for service, marking a significant step towards operationalizing large-scale CO2 transportation and storage infrastructure.
Offshore Energy · April 9, 2026
Brazil Court Lifts Export Tax for Select Oil Firms
A Brazilian federal court has granted an injunction to several major international energy companies, including TotalEnergies, Shell, and Equinor, exempting them from a crude oil export tax. This ruling effectively improves the economic viability of their Brazilian crude export operations by reducing fiscal burdens, signaling a more favorable operating environment for these specific players in the South American nation.
Offshore Engineer · April 9, 2026