BP, Eni, Equinor, Shell and Total team up to develop North Sea carbon capture infrastructure
A number of the oil and gas industry’s biggest players have joined forces to speed up the decarbonisation of industry and power.
CCUS
Europe’s CCS projects boosted by increased funding
Increased funding from the EU and national governments have boosted the prospects for carbon capture technologies in Europe. Three projects in the Netherlands, Norway and UK could be operational by 2024.
Costs, carbon at heart of Adnoc drive
Adnoc is considering how best to meet the world’s changing energy needs, although oil and gas will “remain at the heart” of the company’s business model, said Sultan Al Jaber.
We must lead. We must act.
The Covid-19 pandemic has had a vast impact on people’s lives, as well as on companies around the world.
SPE Aberdeen Section focuses on the energy transition
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.
Move to green energy paying dividends for Petrofac and Saipem during Covid-19
It is no accident that those traditional oil and gas companies which shifted investment and skills towards the renewable energy market are the same firms now celebrating big offshore wind contracts.
Time to get tough over climate change
Don’t know about you but my patience with certain politicians, the oil and gas industry and indeed a few entire countries is running just a tad thin nowadays. Why? Because I am not seeing the progress in dealing with climate change that I should be seeing.
OGUK ‘developing detailed action plan’ for North Sea emissions reduction
Oil and Gas UK (OGUK) is "developing a detailed action plan" for North Sea emissions reduction, the representative body's top boss has revealed.
North Sea industry transition to continue in 2020
The North Sea oil industry has been in transition for some years following the collapse of oil prices in late 2014. Large cost reductions have been painfully achieved. Production has increased due to a combination of new fields coming on stream plus a substantial increase in production efficiency to around 75%. But new field investment expenditure has fallen dramatically since 2015 and exploration remains at a relatively low level reflecting principally the maturity of the province as well as oil and gas prices far below their pre-2015 levels.
Scottish researchers win £12m CCUS funding from European pot
Scottish researchers working in the Carbon Capture Usage and Storage (CCUS) sector have scooped more than £12 million from a European Union funding pot.
‘Ground-breaking’ new CCS charter agreed by Scot Gov and oil sector
A “ground-breaking” agreement on carbon capture, usage and storage (CCUS) has been reached today between a group North Sea oil industry backers and the Scottish Government.
APPG call for evidence on ‘enormous potential’ of CCS
The all-party parliamentary group (APPG) has called for evidence on the "enormous potential" of carbon capture and storage (CCS).