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.
Carbon capture utilisation and storage (CCUS)
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.
Energy Transition in the Middle East
The Middle East has long been synonymous with the oil and gas industry, with approximately 30% of the world’s oil currently produced in the region.
Well-Safe Solutions looks to CCUS as it hires energy transition manager
Aberdeen's Well-Safe Solutions has hired Alexa Duncan as its first energy transition manager as the firm targets carbon capture and storage and geothermal project capabilities.
Decarbonisation conference lauds progress, but warns UK could soon ‘lag behind’ global leaders
Over 200 energy industry leaders gathered in Aberdeen today as Offshore Energies UK (OEUK) held its first ever decarbonisation conference.
What is Carbon Capture Utilisation and Storage?
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?
Importance of carbon capture utilisation and storage comes to fore
Prior to 2023, the importance of carbon capture utilisation and storage (CCUS) in decarbonisation strategies was somewhat understated.
WSP reappointed to advise government on the UK’s CCUS plans
The UK government has reappointed professional services consultancy WSP to advise on the delivery of the country’s Carbon Capture, Utilisation and Storage (CCUS) programme.
Allowing its engineers to ‘shine’ gives Wood the edge in the CCS market
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.”
Scottish energy secretary hits out at UK Government ‘lack of focus’ on just transition
Scottish Energy Secretary Neil Gray has responded to the UK Government’s North Sea and CCUS announcements.
Graham Stuart: Building on North Sea legacy is critical to UK’s energy future
UK energy minister Graham Stuart discusses the government's CCUS investment and its decision to back further North Sea licences
Education proves to be biggest challenge for carbon capture start up
Carbon capture has become a hot topic in recent years as net zero deadlines loom and firms look to mitigate their impact on the environment.
CCUS business models: Making money from collaring carbon
After years of discussion and disappointments, amongst them at least two false dawns, the UK’s carbon capture utilisation and storage (CCUS) industry is starting to fall into place.
Who’s bidding in the first ever UK CCS licensing round?
With awards rumoured to be on the way, we take a look at the companies who have announced public bids for acreage in the first UK CCS licensing round.
CCUS learnings from CERAWeek
You only need to have read a little of the media coverage to realise there were some clear key themes to emerge from CERAWeek 2023.
Energy Security Day: Acorn CCS ‘leading contender’ for Track 2 funding, says UK Gov
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.
‘Rebuilding confidence’: UK Gov expected to make windfall tax and CCS announcement in Aberdeen
"Energy security day" expected to include a revamped net zero strategy - though the venue of Aberdeen could change.
Targeting widespread CCUS across Asia
Nearly every week we hear of an exciting development in carbon capture, utilisation and storage (CCUS).
Crown Estate seeks industry views on CCUS development
The Crown Estate and Crown Estate Scotland (CES) have launched their first engagement with industry on the future of North Sea carbon capture utilisation and storage (CCUS).
‘Lobbying’ and ‘education’ needed to drive CCUS policy
A group of 30 delegates from across the energy sector recently attended a workshop on the future of carbon capture utilisation and storage (CCUS) and agreed that education is needed to ensure its success in the UK.
NSTA’s first new ventures director on laying the tracks for the future of the industry
In response to its broadening remit, the NSTA recently appointed Andy Brooks as its first director of new ventures.
Low-carbon investments to rise by $60bn in 2023 as hydrogen and CCUS spending surges
Spending on low-carbon projects will increase by $60 billion this year, 10% higher than 2022, led by wind developments, but helped by a significant rise in funding for hydrogen and carbon capture, utilisation and storage (CCUS) infrastructure, Rystad Energy research shows.
Pertamina and Mitsui talk more about CCUS opportunities in Indonesia
Indonesia’s state-backed energy company Pertamina aims to work with Japan’s Mitsui to undertake a joint study for carbon capture utilisation and storage (CCUS) technology at the firm’s upstream assets in central Sumatra.