Watch: Oil platform gets blown up in Norway
How to take apart an 18,000-tonne oil platform? Controlled explosives.
CCS
Carbon Capture Storage News
Dutch pension fund PMT sticks with nine oil and gas companies
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One of The Netherlands’ largest pension funds said it will continue to invest in nine oil and gas companies — including Shell and BP — while dropping dozens of others.
UAE’s Masdar buys into £11bn UK wind farm
Masdar, the UAE state-owned renewables firm, has acquired a 49% stake in a major UK wind project in the North Sea.
Dolphin scraps rig contract with Nigeria’s Peak
The Norwegian drilling company flagged problems in Nigeria during its third quarter results, filed on November 28.
Norway’s new gas field highlights tensions as climate talks open
As policymakers in Dubai search for consensus on tackling climate change, the scale of the challenge is evident in the stormy waters of the North Sea, where Norway is opening another gas field.
Energy minister opens new Edinburgh office for ScotWind developer
Scottish energy minister Gillian Martin officially opened a new Edinburgh HQ for floating wind venture partners Bluefloat Energy and Renantis.
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UK can do better at CCUS, event hears
No CO2 has been sequestered, no FID has been taken and no commercial scale projects are in operation. At the event, speakers set out their hopes for projects to reach FID by this time in 2024.
Delays pose ‘significant risk’ to UK CCS targets
A new report on UK carbon capture and storage (CCS) progress finds its ample pipeline and sound ambition could yet be undermined by the risk of delays and cancellations.
Aquaterra Energy wins work at Ineos’ Greensand CCS project
Aquaterra Energy has secured a contract with Ineos covering life extension work at the platform serving its Danish carbon capture and storage (CCS) scheme.
Aberdeen University to research colocation of CCS and offshore wind
Two research projects have kicked off to look into the colocation of offshore wind and CCS as Aberdeen University picks up 'Project Colocate'.
Autumn statement signals ‘big change’ for UK oil and gas decom taxation, expert says
Treasury documents released last week could spell good news for North Sea decommissioning and CCUS investment, but tax uncertainty remains.
Large-scale carbon capture an ‘illusion’ for oil and gas companies
Oil and gas companies must let go of the “illusion” of “implausibly large” carbon capture solutions, reduce their fossil fuel production and invest more in clean energy to align with international climate goals, the International Energy Agency (IEA) has said.
Why carbon capture is Big Oil’s solution for climate change
Sultan Ahmed Al Jaber is the President-Designate of the upcoming United Nations climate summit in Dubai, or COP28. He’s also head of the Abu Dhabi National Oil Company.
Report finds 100 North Sea storage sites needed to meet 2050 CCUS demand
A new report from Xodus has found around 100 North Sea reservoirs will be needed to meet UK demand for carbon capture utilisation and storage (CCUS) by 2050.
Santos signs carbon study plans with Adnoc, Tokyo Gas
Adnoc and Santos signed a strategic collaboration agreement, raising the possibility of the two working together on a “joint global carbon management platform”. It would focus on the needs of customers in the Asia-Pacific.
Time to get ready for CCS plans
“The world is not just North America and Europe,” he said. “We need the best projects in the best places, not just in the best tax regimes.”
‘Strategic’ manufacturers to get billions of pounds in Treasury backing
Treasury will commit £960 million to a green industries growth accelerator plan covering carbon capture, hydrogen, nuclear energy and offshore wind
Aberdeen has ‘strong claim’ to get Labour’s GB Energy headquarters, Ed Miliband says
Labour's shadow climate secretary, visiting the north-east, said he wants the city to become the UK's 'clean energy capital'.
SEEL agrees 10% farm-in to North Sea Project Orion CCS licence
Sumitomo Corporation subsidiary SEEL agrees farm-in for 50% share of Carbon Catalysts 20% interest in the CS017 and CS018 licences, subject to regulatory approval.
Indonesia stacks up low-carbon deals in visit to US
The president went on to invite Exxon to invest in renewable energy and infrastructure, including for the new planned capital, Nusantara.
Report warns UK CCS capacity will fall short of 2030 targets
A new report finds that the UK’s carbon capture and storage (CCS) capacity is likely to fall short of 2030 targets and complains of ‘disproportionate’ support for blue hydrogen schemes over electricity generation.
Iona makes key investment in Scottish CCS developer
Iona Capital has acquired a stake in Carbon Capture Scotland Limited (CCSL), as the firm looks to reach a 1 million tonne-per-year storage target by 2030.
Wintershall Dea acquires 10% stake in UK ’Poseidon’ CCS project
Wintershall Dea has acquired a 10% stake in the Poseidon CCS project, making it the second CCS project it has a hand in within the UK
Elemental Energies rising to demand with more acquisitions
Elemental Energies, the wells specialist which has been on a run of acquisitions, is planning even more growth to meet operator demands.
Middle East sets eyes on scaling up CCS
“Decarbonising production here is critical for those key demand centres of India and China,” KBR’s Blackburn said. The Middle East, given the region’s productive capacity, will be “the ones that lead the way, for sure”.
BlackRock invests $550mn in Occidental carbon capture
“This joint venture demonstrates that direct air capture is becoming an investable technology, and BlackRock’s commitment in Stratos underscores its importance and potential for the world,” Chief Executive Officer Vicki Hollub said in the statement.
UK Energy Minister to headline ETIDEX 2023 in Aberdeen
UK Minister for Energy Security and Net Zero announced as headline speaker for ETIDEX 2023.
New Aberdeen business targets UK’s nascent carbon capture market
Amplus Energy Services and a new Norwegian partner have launched an Aberdeen firm focused on carbon capture after a multi-million-pound deal.
Centrica chief trying to get the UK to speed up carbon capture
Centrica Plc boss Chris O’Shea is on a mission to show the UK government that it needs to rapidly speed up carbon capture projects, which could become crucial if the country is to reach its net zero ambitions.
Eni profits slump, but talks up new gas hub in Indonesia
Geng North is thought to hold around 5 trillion cubic feet of gas and 400 million barrels of condensate. Eni sees the Kutei Basin becoming a “new world class gas hub”.
ABB signs 10-year extension to carbon capture education deal
ABB and Imperial College London signed a 10-year contract to continue their carbon capture technology partnership.
