Aberdeen in line for jobs boost as Spirit unveils plans to repurpose gas fields
Spirit Energy has confirmed plans to repurpose offshore gas fields for emissions storage, in a move it claims will support thousands of jobs.
Carbon capture and storage (CCS)
Sturgeon ‘cautiously optimistic’ about Acorn ahead of key CCS update
Scotland’s First Minister is upbeat about the prospects for a major north-east decarbonistion project, amid growing uncertainty about its future.
Investors could ‘withdraw’ from Acorn CCS project over delays – Matheson
Meanwhile the UK Government has pledged an update on Track 2 - part of its £1bn carbon capture fund - in spring.
Onshore terminal selected for major Norwegian CCS project
Plans for a major European carbon capture and storage (CCS) project have taken a step forward with the signing of an option agreement for an onshore terminal.
North Sea firm EnQuest eyeing ‘significant infrastructure reuse’ to deliver CCS
Operator EnQuest (LON: ENQ) has emerged as the latest North Sea firm to throw its hat into the carbon capture and storage (CCS) ring.
Exclusive: three in four Scottish energy firms now involved in renewables, survey finds
An overwhelming majority of energy firms in Scotland are now involved in low carbon and renewables, according to a new survey.
Windfall Tax: £200bn of investment ‘at risk’ says North Sea trade body
More than £200 billion of UK energy investments, including low carbon solutions, are “at risk” due to the windfall tax, the North Sea trade body has warned.
Hat tip for CCS, but no update on ‘Track 2’ process from chancellor
Jeremy Hunt has failed to give an update on long-awaited plans for the second part of the government’s carbon capture and storage (CCS) competition.
Aquaterra premieres new CCS integrity system
Aquaterra Energy has unveiled a new CO2 management solution that it says will aid the long-term monitoring and integrity of offshore carbon capture and storage (CCS) sites.
Ambition crucial to building CCS success
Today, we find ourselves in uncertain territory. That uncertainty centres around when and how we will realise the UK’s net zero ambition in the power sector. As it stands, we have a Government commitment for one power station equipped with carbon capture – but to meet our decarbonisation goals, we require greater ambition with clear targets.
Eni among new investors in carbon capture firm
Cool Planet Technologies (CPT), a sustainable company focussed on affordable carbon capture, has closed a capital raise at €3 million.
26 bids received in UK’s first carbon storage licence round
The UK is making progress on plans to store carbon dioxide emissions under the North Sea, with nearly 20 companies bidding for licences.
‘Critical’ years for rapid test and deployment of net zero technologies
New research has set out how the UK could rapidly accelerate net zero technologies and cut costs in the “critical” years ahead to capture global economic opportunities.
Danish energy regulator launches Power-to-X department
The Danish Energy Agency (DEA) is to establish a new secretariat to support the development of Power-to-X (PtX) projects, ahead of a formal tender for government-backed projects.
Shipping column: Greener OSVs, Diamonds and Northern Lights
Oil-related supply boats have largely been pushed to the back of the new offshore support vessels orders book as global energy priorities change, driven by climate change.
‘Damning’ IEEFA report into CCS is too simplistic
The Institute for Energy Economics and Financial Analysis (IEEFA) recently published a report examining carbon capture and storage (CCS), which claimed many sequestration projects have failed or underperformed. Environmentalists described it as "damning", but Professor Stuart Haszeldine, director of Scottish Carbon Capture & Storage (SCCS), believes it is too simplistic.
New CCS report should spell end for Peterhead project, claim campaigners
Environmentalists have reignited calls for a job-creating north-east low carbon project to be axed after the release of a “damning” new report.
The astonishing implications of Biden’s Inflation Reduction Act
While Europe has been grappling with the impacts of the war in Ukraine and the huge price rises in oil and gas that it has brought, in the US, the energy landscape looks very different.
Interview: Ex-BP boss Lord Browne calls for calm on North Sea protests
The former CEO of BP, who warned the industry of its impact on the climate 25 years ago, has said rising calls to cease new oil and gas in the North Sea should be tempered amid a need for homegrown supply.
ONS: Opportunities abound between Aberdeen and Hammerfest
The Municipality and Port of Hammerfest is ready to take centre stage in the next phase of the generations-long relationship between the north-east of Scotland and Norway by sending its largest ever delegation to ONS.
Harbour CEO says group will be ‘net debt free’ within months
The chief executive of Harbour Energy (LON: HBR) said another suite of bumper results will enable the company to reduce its net debt to zero in a matter of months, but was critical of the impact of the government’s windfall tax.
Scottish Cluster is ‘mission critical’ to UK reaching net zero – Matheson
Scotland's energy secretary has said there is no time to waste in getting the Scottish carbon capture and storage (CCS) cluster the green light.
Scottish energy secretary Matheson backs extension of North Sea windfall tax
Scottish energy secretary Michael Matheson has backed an extension to the North Sea windfall tax, and said he would broaden it to a range of other industries.
UK supply chain poised for lion’s share of carbon capture benefits
Some miles off the coasts of England, Ireland and Scotland, deep under the sea, lie rock formations which could be capable of holding up to 78 billion tonnes of CO2.
Ex-Noreco boss to head up Storegga’s new Americas business
UK-based decarbonisation developer Storegga has launched a new Americas business, led by the former head of Norwegian independent Noreco.