Green hydrogen projects, including a number in the north-east, could generate £320 billion for the UK economy and sustain up to 120,000 jobs by 2050, according to a new study.
It’s been a long and costly two decades of carbon capture and storage (CCS) studies and test centers. Now Europe has reached a stage where big-scale developments make financial sense and could trigger up to $35 billion in development spending until 2035 – by which time as much as 75 million tonnes of CO2 could be captured and stored per year on the continent, a Rystad Energy analysis shows.
Bosses behind a north-east, emissions-busting project said carbon capture represented a “tremendous opportunity” for oil and gas skills to be transferred over to clean-energy.
The UK's "reliance" on other countries to help develop its offshore wind sector is a lesson for its burgeoning CCS industry, according to a boss at Spirit Energy.
Chinese oil firm Cnooc’s Buzzard platform in the UK North Sea may have a role to play in a flagship carbon capture and storage (CCS) project, developers have said.
Energy services firm Petrofac has signed a Memorandum of Understanding (MoU) with Storegga Geotechnologies in an effort to drive new clean energy developments.
The German government has recently adopted a National Hydrogen Strategy as part of its commitment to become both a global leader in the energy transition and a market leader in technologies that support the wider ambition to achieve carbon neutrality.
Pale Blue Dot Energy (PBD) has gained "financial heft", with backing from an Australian investment giant to help deliver one of the UK’s first major CCS projects.
An Aberdeenshire firm has partnered with CEOs of some of the largest oil and gas companies on a “world first" catalogue of carbon capture and storage (CCS) resources.
A leading analyst has described it as “disappointing” that the Chancellor that put a vital net zero technology lower down his list of priorities than repairing potholes.
I have just read about an “unintended consequence” of Brexit which involves sausages. Unless a derogation is achieved, Britain’s sausage makers will be unable to sell to the EU and Northern Ireland without a “special export health certificate”.
Infrastructure firm Costain has been awarded work to shave off up to £750million from the total cost of a pioneering clean energy development in Aberdeenshire
The total sum of cash earmarked for infrastructure projects in and around Aberdeen between now and 2030 has rocketed by £1.7 billion to more than £10bn during the past year, new figures show.
By Mike Tholen, upstream policy director at Oil and Gas UK
If necessity is the mother of invention, the Committee on Climate Change’s “Net Zero – The UK’s contribution to stopping global warming” report should spur a jump-start for the carbon capture, usage and storage (CCUS) industry in the UK.
The chief executive of the Oil and Gas Authority (OGA) has claimed the UK’s goals for a crucial new climate change technology are “remarkably achievable”.