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There is no such thing as "decarbonized oil"
(www.nationalobserver.com)
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If there were such a thing as decarbonized oil, it would be hydrogen. Hydrogen is literally what you get if you (magically) remove the carbon from oil. If they mean something else by it, they're lying.
It is possible to make clean (decarbonized) e fuels. It starts with green H2, and air captured CO2. It is an expensive process even with cheap electricity. Powering oil wells or tar sands with solar doesn't count.
So... grow plants and then burn plants.
I do that but not for fuel lol