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.
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.
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 Energi have entered into a pact for the Polaris carbon storage project off the northern coast of Norway.
It’s hoped the award of more than a million pounds to a Scottish decarbonisation group could help to “realise the ambition” of energy transition initiatives in the north-east.
As light begins to appear at the end of the tunnel in the battle against the Coronavirus pandemic, it is now a time for governments worldwide to think deeply about a sustainable, green recovery plan. In the UK, a sign of intent to seize this enormous opportunity to build back better has been given with the announcement of a £12b plan for a ‘green industrial revolution’. The pledge comes with the UK already moving in the right direction jumping to 5th spot in EY’s latest Renewable Energy Country Attractive Index.
Occidental Petroleum Corp. became the first major U.S. oil producer to aim for net zero emissions from everything it extracts and sells, accelerating an industry trend that’s become commonplace in Europe.
Diamonds are not only a girl's best friend - they may have found new love from the environment too.
A number of the oil and gas industry’s biggest players have joined forces to speed up the decarbonisation of industry and power.
Twelve leading companies and organisations across the Humber have jointly submitted a bid worth around £75 million to accelerate decarbonisation in the UK’s most carbon intensive industrial region.
Wood, of Aberdeen, is teaming up with gas distribution network company SGN to create a "decarbonisation roadmap" for the north-east and east coast of Scotland.
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.
The coronavirus pandemic has triggered the “largest drop in global energy investment in history”, the International Energy Agency (IEA) has said, launching its World Energy Investment 2020 report.
A partnership group of Equinor, Shell and Total has announced the completion of a carbon capture (CO2) storage suitability drilling campaign in the Norwegian North Sea.
A group of oil and gas giants will today announce plans to accelerate a huge carbon capture, usage and storage (CCUS) project to decarbonise an industrial area of Teesside.
A company which was backed by the British Government has raised 16 million US dollars (£12 million) from investors including US oil major Chevron in a bid to spread its technology to capture carbon from industrial plants.
BP Plc is expanding its team working on carbon capture and storage projects as part of its ambition to zero out net greenhouse-gas emissions by 2050.
I was recently reminded of a new year’s resolution that I made some years ago - one which I’m successfully keeping to this day. Back then, I committed to making the transition towards a greener, more sustainable personal lifestyle. But here’s the clever bit: I figured it would also be OK to carry on pretty much as before with all my current behaviours. So, no really big changes required and certainly no tough decisions to make. Now, maybe it’s just me, but expecting the oil industry to get right behind the energy transition whilst sticking with MER does feel kind of similar.
Oil and gas companies have provided “few signs” that they are willing to devote enough cash to tackling climate change, a new report said.
Equinor has unveiled new targets to reduce emissions from its operated offshore fields and onshore plants in Norway by 40% by 2030, 70% by 2040 and to near zero by 2050.
Learning how to decommission oilfields without demolishing the UK oil and gas industry’s net-zero pledge is the “next big step”, a new report said.
Shell has received the green light to decommission its Goldeneye platform in the North Sea.
Scientists from Edinburgh University have received funding for a £1.4 million research project to investigate the storage of hydrogen in the subsurface.
Offshore Europe 2019 has precipitated a number of reports on the importance of Carbon Capture Utilisation and Storage (CCUS) to achieving the UK’s net zero target. Indeed some commentators state that CCUS is essential; it is not an option.
Carbon capture and storage (CCS) seems to be everywhere at moment – in just the last week, two major reports have come out calling on governments in the UK to act on its delivery. Over the last year, report after report has emphasised the necessity of CCS in tackling climate change, and the urgency of deploying it in industrial clusters around the UK.