Carbon capture in the UK: risk considerations
Carbon capture, utilisation, and storage (CCUS) is set to play a vital role in the UK’s green industrial revolution to reduce carbon dioxide emissions and enable a net-zero economy by 2050.
Carbon capture utilisation and storage (CCUS)
Indonesia’s Medco Energi eyes CCS
Indonesian independent Medco Energi is carrying out a study to assess the potential of applying carbon capture, utilisation and storage (CCUS) technology at its operating assets.
BP cheers Indonesia first at Tangguh LNG
BP (LON: BP) today signed a memorandum of understanding (MoU) with upstream regulator SKK Migas for Indonesia’s first enhanced gas recovery (EGR) and carbon capture utilisation and storage (CCUS) development. The EGR and CCUS scheme will be implemented at BP’s Tangguh liquefied natural gas (LNG) project.
Petronas hooks up with Baker Hughes for energy transition tech
State-backed Malaysian energy company Petronas has signed a pact with Baker Hughes to collaborate on technological developments supporting the energy transition.
UK Government launches ‘Phase 2’ of CCUS cluster plan
The UK Government has launched the next step in its bid to deliver carbon capture utilisation and storage (CCUS) at two industrial clusters by the mid-2020s.
Budget: Government ‘fails to provide clarity’ on next phase of £1bn CCUS competition
Chancellor Rishi Sunak has come under fire for “failing to provide much needed clarity” on future carbon capture projects after a snub for the Acorn project last week.
Sturgeon calls Acorn CCS rejection “inexplicable”
Scotland’s First Minister has questioned the decision not to award government funding to the Acorn CCS project.
BP’s Tangguh LNG Train 3 to start-up in Q2 next year, says SKKMigas
Indonesian upstream regulator SKK Migas expects operations at BP’s (LON:BP) Tangguh liquefied natural gas (LNG) Train 3 project, which is under construction, to start in Q2 2022.
Survey finds over half of executives working in hard-to-abate sectors plan to use CCUS to bust emissions
More than half of businesses in hard-to-abate sectors plan to use carbon capture, utilisation and storage to tackle emissions, a new survey has found.
UK business secretary grilled over Scottish CCUS rejection
UK business secretary Kwasi Kwarteng has been grilled over the decision to reject the Scottish Cluster from the first round of a £1billion government carbon capture utilisation and storage (CCUS) competition.
CCUS rejection means ‘no clear pathway’ to future-proofing Scottish industry
The UK Government has announced its choice of the East Coast Cluster and HyNet North West to develop as the UK’s first Carbon Capture, Usage and Storage (CCUS) clusters by the mid-2020s. The Scottish Cluster has been named as a reserve project.
East Coast Cluster and HyNet win CCUS support from UK Government
Amid disappointment for the Scottish cluster, two other projects have been successful in their bids to become the first two carbon capture utilisation and storage (CCUS) developments in the UK.
Jackdaw, Gas and Jackie Bird
Allister’s back from Glasgow having been ejected from the Scottish Press Awards (what do you mean Jackie Bird hasn’t listened to the Energy Voice podcast?).
Business leaders urge Boris Johnson to back Acorn CCUS in Aberdeenshire
Scottish business leaders have joined forces with billionaire Sir Ian Wood to demand the North-east is made the centre of plans to decarbonise the UK energy system.
Boris Johnson hints at investment for Acorn CCUS project in Aberdeenshire
Prime Minister Boris Johnson has hinted that the Acorn carbon capture, utilisation and storage (CCUS) project in Aberdeenshire could be set to benefit from government investment.
Thailand’s PTTEP gets new boss, eyes energy transition
State-backed Thai player PTT Exploration & Production’s (PTTEP’s) new chief executive, Montri Rawanchaikul, intends to strengthen the firm’s core upstream business in Southeast Asia, while preparing for new energy opportunities.
Ineos ‘reasonably confident’ of Acorn making first cut for UK CCS cluster selection
Petrochemical giant Ineos has said it is “reasonably confident” that the Acorn project in Aberdeenshire will be selected as part of the UK government’s first two CCUS clusters.
The 10 Point Pod delves deep into the heart of CCUS
The role that carbon capture utilisation and storage (CCUS) will have to play in the future energy mix currently splits opinion.
Indonesia approves BP’s CCS scheme for Tangguh LNG
BP and its Tangguh LNG partners today confirmed that Indonesian oil and gas regulator SKK Migas has approved the plan of development (POD) for a key carbon capture utilisation and storage (CCUS) project at the Tangguh LNG export complex. Significantly, BP claims this will make Tangguh "one of the lowest greenhouse gas (GHG) intensity liquefied natural gas (LNG) plants in the world."
Petronas CEO talks up sustainable energy transition
Tengku Muhammad Taufik, chief executive of Malaysian national energy company Petronas, today told the Asia Future Energy conference, that the pathway to a sustainable energy system is not yet clear. Moreover, there will be many different paths to achieving a net-zero emissions energy system, he said.
BP bags approval for $2bn Tangguh LNG expansion project
Indonesian upstream regulator SKK Migas has approved BP’s $2.04 billion plan to develop new gas fields in West Papua that will supply its Tangguh liquefied natural gas (LNG) export project. However, the UK supermajor will likely need Indonesia to finalise regulations around carbon capture, utilisation and storage (CCUS) before any expansion can take place.
Pertamina courts ExxonMobil at East Natuna for oil development
Indonesian national oil company (NOC) Pertamina is doggedly pursuing US major ExxonMobil to help it develop oil resources at the giant East Natuna field in the disputed waters of the South China Sea. Development of the field faces huge technical, economic and geopolitical challenges, but Pertamina believes a gradual phased development, starting with oil could offer a solution.
Covid and climate concerns delay investment decision for Abadi LNG
Inpex will delay a final investment decision (FID) for its proposed Abadi liquefied natural gas (LNG) development in the Masela Block offshore Indonesia as survey work has been disrupted by the Covid-19 pandemic and design adjustments may be needed due to climate change.
Fresh perspectives and diverse skillsets will power the energy transition
At bp, we are all guided by our ambition to become a net zero company by 2050 or sooner, and there is a real buzz around the role that our hydrogen and CCUS business - which I began leading last year - can play. Whilst relatively nascent in their development, both technologies offer real promise for delivering clean energy provision and decarbonising heavy industry and mobility, among other sectors.
UK could create 10,000 new green jobs by seizing CCUS ‘early mover advantage’
As many as 10,000 new green industrial jobs could be created by the middle of the decade if carbon capture utilisation and storage is immediately scaled up.