Page 43: of Maritime Reporter Magazine (November 2021)

Magseis Renewables in August announced two initiatives focused on carbon capture.

First, it entered an agreement to join the Greensand car- bon capture and storage (CCS) project in the Danish North

Sea. The project entails transporting CO2 by ship to the Nini

West reservoir off Denmark, and injecting it via the offshore wellhead platform. The CO2 will be stored in depleted oil and gas sandstone reservoirs 1500m below the seabed, and existing infrastructure will be repurposed from oil and gas production to CO2 injection. Magseis Renewables will pro- vide its OBN technology and imaging solutions to contrib- ute to the development of CCS monitoring technologies.

Separately, the company entered two technology pilot projects for carbon capture and storage (CCS) and offshore wind in partnership with TGS.

The ? rst project will use high-resolution 3D seismic ac- quisition in Norway at a carbon storage area to demonstrate technology for highly detailed imaging of the full section from the seabed to the targeted storage reservoir.

The second project will utilize ultra-high-resolution 3D seismic acquisition in Denmark over an offshore wind farm with known near seabed challenges to demonstrate applying a high-frequency source coupled with TGS’ data processing technologies, the partners said.

Full pivot (eventually)?

Oslo-listed seismic surveyor Axxis Geo-Solutions recent- ly changed its name to Carbon Transition, re? ecting its new strategy. Cabon Transition said it would focus on investing in private companies and have “a goal of positively impact- ing the value creation of its investments.”

As for its seismic business, the company said it would continue going forward but will be subject to requirements for satisfactory rates of return.

“The board of directors considers the new strategy of the company to allow for its current seismic business area to be included in Carbon Transition in such manner for a transi- tion period. Seismic contracts and seismic data library are expected to generate revenues to ? nance the new strategy. “It is essential that the costs related to operating this part of Carbon Transition’s business are kept low. Over time the objective is to utilize revenue from the node technology and multi-client revenues to new investments within the “energy transition” area,” Carbon Transition said in July.

However, while other seismic companies are looking at carbon capture, seabed minerals, space monitoring, offshore wind, Carbon Transition has invested in black pellets.

Namely, the company has invested a Arba? ame AS that has developed a patented technology that enables the pro- duction of black pellets from biowaste - called ArbaCore - which can, reportedly, “fully replace coal in coal-? red power plants worldwide,” and cut CO2 emissions by around 90% compared to coal.

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