One area of the energy sector that everyone will be looking at following today’s budget is carbon capture utilisation and storage, however, what does that mean?
Chief executive of Wood (LON:WG), Ken Gilmartin, says that his firm's growth in carbon capture comes from picking work that allows its “subject matter experts shine.”
Rail campaigners say a major energy scheme getting the go ahead near Peterhead boosts the case for new north-east rail links.
The Scottish Government is being urged to hand over £80 million of funding promised for carbon capture technology in the north-east.
The UK Government’s energy announcements this week have big implications for all parts of the sector and the drive towards Net Zero.
"We need a stable and sensible fiscal environment,” said Harbour Energy’s CEO, in order to have confidence to invest long-term.
Scottish Energy Secretary Neil Gray has responded to the UK Government’s North Sea and CCUS announcements.
The project partners of the Acorn CCS development, selected today for Track 2 of the UK Government’s £1bn funding competition, have hailed it as a “defining milestone”.
The SNP's Westminster leader has welcomed reports a carbon capture scheme in Scotland is due to get the green light, claiming "now is the time to strike" on the country's green potential.
Acorn and the Viking project in the Humber have been selected as part of a £1bn funding competition from the UK Government.
"I’m delighted the Acorn project at St Fergus has been selected for development in Track 2” said Banff and Buchan MP David Duguid.
Support for Carbon Capture and Storage (CCS) is planned as part of the UK Government’s upcoming Energy Week.
Carbon capture and storage (CCS) projects in the US and Europe are benefiting from repeated delays to the UK’s rollout of the emissions busting technology.
Meanwhile First Minister Humza Yousaf called for an end to "dithering and delay" for Acorn CCS funding.
Aberdeen-based Storegga doubled down on spending during 2022 as its costs and investments surged.
The Acorn Carbon Capture and Storage (CCS) project in Aberdeenshire is a “leading contender” for development in a newly-launched funding round, the UK Government said today.
The Conservative government at Westminster has been told it must immediately “cough up” carbon capture cash for the north-east.
Westminster is being pressed to confirm a portion of its carbon capture and storage (CCS) cash will go to Aberdeenshire’s Acorn project.
A Peterhead industry boss has told the Chancellor to pick up the pace on support for the Acorn CCS project – warning the region has “waited too long for this as it is”.
Chancellor Jeremy Hunt has confirmed a £20bn government support package for CCS, but developers of a flagship north east scheme must wait for further details.
The path has not run smooth for the north east’s Acorn CCS project, however new funding commitments in the Spring Budget may finally see the pioneering plans take root.
Scottish politicians urged Westminster to unlock funding for the Acorn carbon capture and storage project in the upcoming Budget and slammed slow progress on low-carbon development.
The UK’s offshore trade body said that the government’s energy transition ambitions do not match up with the ‘unpredictable’ fiscal policies surrounding oil and gas.
The SNP is calling on the UK Government to “put its money where its mouth is” on carbon capture funding after a Scottish project was “snubbed”.
Scottish politicians have again pressed the UK government for certainty over the timeline for a major north-east carbon capture and storage project.