Pioneering technology that “sucks” carbon dioxide out of the air could be up and running in Aberdeenshire around the middle of the decade.
Carbon capture and storage
Saipem has signed a Memorandum of Understanding with a leading energy infrastructure operator to start working together on new energy transition technologies.
The Covid-19 pandemic has had a vast impact on people’s lives, as well as on companies around the world.
The clock is now ticking to reach the target of Net Zero by 2050 in the UK (2045 in Scotland). The oil and gas industry is a critical part of this transition to net zero and has the potential to be the leader in developing the solutions which will unlock a new, low carbon economy. This pivotal role of the oil and gas industry was clearly recognised recently by the Scottish Government with the £62 million Energy Transition Fund to support net zero projects.
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.
Innovative partnering between oil and gas, renewables, hydrogen and carbon capture can accelerate energy transition, says the UK’s Oil and Gas Authority (OGA).
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.
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.
Immediate action is required for Britain to reach net-zero carbon emissions by 2050, according to a report by the country's electricity system operator.
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.
Norway’s plan for a full-scale carbon capture and storage project could end up a financial disaster, according to a new report that includes an increased cost estimate for the venture.
Scotland’s ‘golden opportunity’: Nicola Sturgeon’s adviser urges North Sea sector to move into carbon capture
Nicola Sturgeon’s key economic adviser has said the North Sea sector must move into carbon capture technology to overcome the low oil price and recover from Covid-19 economic damage.
A north-east carbon capture and hydrogen production project has reached key milestone with the appointment of a major contractor.
With the United Nations Climate Change Conference, COP26, postponed to 2021 due to the COVID-19 pandemic, the UK Government now has a unique opportunity to take action and lead the world in its response to climate change through this period.
DNV GL recently produced a position paper Heading For Hydrogen. It is the findings of a survey of more than 1,000 senior oil and gas professionals covering safety, infrastructure, CCS and policy.
The Chancellor gave a tantalising hint that an emissions-busting project near Peterhead could be in line for a huge cash injection.
Bringing about the energy transition needs to make “economic sense” and be socially and environmentally sustainable, according to Shell’s chief technology officer.
As we enter a new decade, I’m sure I’m not alone in reflecting on matters that are personally important, together with major issues that impact on society, the environment and the economy.
Boris Johnson sought to deflect attention from the UK Government’s “woeful” response to major flooding across Yorkshire with a raft of announcements on technology and energy investment last night.
Infrastructure firm Costain's Aberdeen team will work on contracts worth £4 million for a range of projects, including North Sea oil and gas, nuclear and carbon capture.
A partnership between Scotland and Japan will inject £21m into six projects designed to tackle the next wave of challenges in the subsea industry.
Fears have been raised that new energy technologies in the north could be “held to ransom” by the SNP and Green Party.
Carbon capture and storage (CCS) is now firmly on the agenda as a way of mitigating at least some of the impacts of climate change.
Equinor has signed memoranda of understanding with seven European companies to develop value chains in carbon capture and storage.
The chief executive of the Oil and Gas Authority (OGA) has urged “pace” on research into low carbon options to reuse North Sea infrastructure.