Blue hydrogen is around half the price of green, he noted, after normalising for incentives and penalties. “The models show then that green hydrogen takes over, at around a decade out.”
Screening legacy wells can be more important than 3D seismic when picking storage areas, Elaine Campbell said. “They provide valuable data but they’re also likely to be the highest risk to containment,” the Storegga official said.
Oil-related supply boats have largely been pushed to the back of the new offshore support vessels orders book as global energy priorities change, driven by climate change.
Energy majors behind the Northern Lights project have signed what they say is the world’s first commercial agreement on cross-border CO2 transportation and storage with Norwegian chemical group Yara.
Oil and gas accounts for 25% of CO2 emissions from Norway. Quite simply, if the industry doesn’t step up then the country cannot meet its climate targets.
Future Biogas has selected Saltend Chemicals Park on the Humber Estuary as the site of up to 32 new CO2 storage tanks, as part of an investment worth tens of millions of pounds.
Is there a space for carbon capture and storage (CCS) as a service? Recently formed Lapis Energy is betting there is, eyeing opportunities in the US, UK, Europe and South East Asia.
Capturing greenhouse gas emissions and burying them underground is one way the world is hoping to slow global warming.
Subsea 7 has won a pipeline contract for the Equinor Northern Lights CCS project in Norway.
Aker Solutions has been awarded a contract by Equinor for delivering the new CO2 receiving facilities Northern Lights outside Bergen, Norway.
The Norwegian Government today approved the final investment decision for the Northern Lights CO2 transport and storage project.
A group of north-east oil industry and business professionals are closing in on their £25,000 festive fundraising target with two weeks to spare.
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.
It’s been a long and costly two decades of carbon capture and storage (CCS) studies and test centers. Now Europe has reached a stage where big-scale developments make financial sense and could trigger up to $35 billion in development spending until 2035 – by which time as much as 75 million tonnes of CO2 could be captured and stored per year on the continent, a Rystad Energy analysis shows.
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.
Oil majors Equinor, Shell and Total have committed to investing in a carbon capture and storage (CCS) project in Norway.
A host of firms including Ineos, Total and ExxonMobil are collaborating on plans for a carbon capture, use and storage (CCUS) site at the Port of Antwerp.
Equinor has signed memoranda of understanding with seven European companies to develop value chains in carbon capture and storage.
This incredible image of the Northern Lights was captured by staff from oil major BP close to one of its rigs in Alaska.