Carbon capture and storage – ambitions and challenges
In May 2019, the UK’s Climate Change Committee stated that in order to achieve the UK’s net zero targets, carbon capture and storage is a necessity and not an option.
carbon capture
‘Treasure map’ set to bring the UK carbon capture success
Firms with a licence to drill in the North Sea will report findings of what lies beneath the North Sea to help put together a ‘treasure map’ to support the UK's carbon capture and storage efforts.
‘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.
Chevron to spend $26m on Australian CCS research
Chevron (NYSE:CVX) will contribute a combined A$38 million (US$26.4 million) to carbon capture and storage (CCS) research projects in Western Australia and Victoria, advancing knowledge of the critical emissions technology for a lower carbon future.
Malaysia’s MISC teams up with Japan’s Mitsui and Korea’s SHI on CCS
Malaysia’s international energy shipping company MISC, which is closely tied to Petronas, has signed agreements with Japan’s Mitsui, South Korea’s Samsung Heavy Industries (SHI), and Austria’s ANDRITZ, to explore carbon capture and storage (CCS) solutions in the maritime value chain.
Honeywell wins CCS technology deal in Thailand for PTTEP
Honeywell has been selected as the carbon capture technology provider for PTT Exploration & Production (PTTEP) at the Arthit carbon capture and storage (CCS) project for the Arthit gas field in the Gulf of Thailand.
Shell explores joint venture for open-source CCUS in China
Shell (LON:SHEL) has signed a memorandum of understanding (MoU) with Sinopec, Baowu and BASF to explore the feasibility of developing an open-source carbon capture, utilisation and storage (CCUS) project in the East China region.
Storegga joins forces with Petronas for CCS in Malaysia
Malaysian national oil company Petronas has signed a memorandum of understanding (MoU) with UK-based Storegga, a developer of carbon storage and clean fuels, to assess and determine the commercial, regulatory, and economic factors needed for the development of carbon capture and storage (CCS) hub and cluster projects in Malaysia.
Singapore unveils plan to target net-zero emissions by 2050
Singapore will target net-zero emissions by 2050 and is bolstering its short-term climate goals even as the city-state acknowledges it faces challenges to shift to cleaner energy sources.
Woodside teams up with US carbon capture company LanzaTech
Woodside Energy and LanzaTech, a US-based carbon capture and transformation company, have announced a strategic collaboration after signing a deal.
Mitsui and Shell to explore CCS in Asia Pacific
Mitsui and Shell (LON:SHEL) have signed a joint agreement to explore the technical and commercial feasibility of carbon capture and storage (CCS) in Asia Pacific, including Japan.
PetroChina’s profits climb to record on global energy rally
PetroChina posted its best-ever first-half earnings as the nation’s top oil and gas driller benefited from soaring global energy prices, and said that government stimulus is starting to lift Chinese oil demand.
India planning carbon credit market for energy
India is planning to start a carbon trading market for major emitters in the energy, steel and cement industries, as part of its efforts to hasten the transition to cleaner fuels.
Woodside eyes carbon-to-products pilot project in Perth
Australian oil and gas company Woodside is planning to build a pilot carbon capture and utilisation plant in Western Australia. The Eastern Metropolitan Regional Council (EMRC) and Woodside are collaborating on a carbon-to-products pilot project that proposes to recycle greenhouse gases into useful products.
UK’s largest fishing port looks to carbon capture for its next big catch
Fishing has been the lifeblood of Peterhead for 400 years and that’s not about to change any time soon.
Aberdeen: Training for tomorrow
In the wake of COP26 in November last year, the need for a skilled and well-trained workforce to deliver the transition to renewable energy has been recognised globally.
Saipem to build carbon capture and utilisation plant in Italy
Italian contractor Saipem has entered into a partnership to explore building a carbon dioxide capture and utilisation (CCU) plant.
Worley wins FEED for Humber Zero carbon capture plant
Worley has been awarded a front-end engineering and design (FEED) contract by VPI Immingham for a post-combustion carbon capture facility, as part of the Humber Zero project.
Energy Transition Market Outlook – A View from the Transition Leaders
In May 2021, the International Energy Agency (IEA) released Net Zero by 2050: a Roadmap for the Global Energy Sector, the first comprehensive study of how to transition to a net zero energy system by 2050, while ensuring stable and affordable energy supplies, universal energy access, and enabling robust economic growth.
Carbon capture project at ‘no advantage’ on reserve list, claims expert
The UK Government’s decision to put the Acorn project on a reserve list offers “no advantage”, says a world-leading carbon capture expert.
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.
Santos and East Timor sign pact for potential $1.6bn CCS scheme at Bayu Undan
Australia’s Santos today announced that it has signed a memorandum of understanding (MoU) with East Timor’s regulator ANPM to progress a carbon capture and storage (CCS) project, estimated to cost $1.6 billion, at the ageing Bayu Undan field in the Timor Sea. But low returns and high complexity threaten the viability of the proposed scheme.
Shareholders back Shell transition strategy, but support for activist resolution doubles
Almost a third of shareholders defied the wishes of Shell board members to vote in favour of a resolution tabled by an activist shareholder group at its annual general meeting today.
IEA net-zero roadmap has no place for further oil and gas exploration
A landmark International Energy Agency (IEA) roadmap says no new oil and gas fields should be developed – beyond those already sanctioned -- if the global energy sector is to achieve net-zero emissions by mid-century.
Baker Hughes and Horisont team up for Barents Sea carbon capture project
Baker Hughes and Horisont Energi have entered into a pact for the Polaris carbon storage project off the northern coast of Norway.