UK can do better at CCUS, event hears
No CO2 has been sequestered, no FID has been taken and no commercial scale projects are in operation. At the event, speakers set out their hopes for projects to reach FID by this time in 2024.
Viking CCS
Delays pose ‘significant risk’ to UK CCS targets
A new report on UK carbon capture and storage (CCS) progress finds its ample pipeline and sound ambition could yet be undermined by the risk of delays and cancellations.
Report warns UK CCS capacity will fall short of 2030 targets
A new report finds that the UK’s carbon capture and storage (CCS) capacity is likely to fall short of 2030 targets and complains of ‘disproportionate’ support for blue hydrogen schemes over electricity generation.
What is Carbon Capture Utilisation and Storage?
One area of the energy sector that everyone will be looking at following today’s budget is carbon capture utilisation and storage, however, what does that mean?
Harbour Energy calls for CCS investment incentive amid windfall tax woes
Harbour Energy (LON: HBR) chief executive Linda Cook told investors that her firm will lobby government to include carbon capture and storage (CCS) spending in windfall tax allowances.
Allowing its engineers to ‘shine’ gives Wood the edge in the CCS market
Chief executive of Wood (LON:WG), Ken Gilmartin, says that his firm's growth in carbon capture comes from picking work that allows its “subject matter experts shine.”
‘We need a sensible fiscal environment’: Harbour Energy and Equinor bosses respond to Shapps summit
"We need a stable and sensible fiscal environment,” said Harbour Energy’s CEO, in order to have confidence to invest long-term.
Everything you need to know about the ‘transformational’ Viking CCS project
Following the announcement that the Viking CCS project has been awarded two new storage licences, here is everything you need to know about the Humber CCS cluster.
BP profits hit $5bn in first quarter with more cash for share buybacks
BP (LON: BP) has reported first quarter 2023 profits of $5bn, as more cash is pushed towards shareholder returns.
Oil giants Harbour and BP agree to develop Viking CCS project
Under the terms of the agreement, Harbour will continue as operator of Viking with a 60% stake, with BP acquiring a 40% non-operated share.
Harbour gets verification for Viking CCS storage volumes
Harbour Energy has received independent verification that its planned Viking carbon capture and storage (CCS) scheme is capable of holding up to 300 million tonnes of CO2.
Harbour targets FIDs on Acorn, Viking CCS in 2024
Harbour Energy (LON:HBR) reported strong nine-month performance in 2022 as production rose by more than a quarter, but again took aim at the impact of the UK’s windfall tax measures.