Power Moves: Rovtech’s new chief executive and more
John Polson has been joined Rovtech as its new chief executive.
CCS
Carbon Capture Storage News
Energy projects in developing countries to receive £79m in UK climate finance
Projects that aim to speed up the energy transition in developing countries will receive a share of £79 million in UK climate finance, the Government has announced.
UN climate summits ‘no longer fit for purpose’, leading experts say
The process of UN climate negotiations is no longer fit for purpose and requires a comprehensive overhaul, leading experts have warned.
EVOL: Courtroom contention, Selene sale and ADIPEC adventures
Ed is back from ADIPEC and is set to regale Ryan and Mat with tales from Abu Dhabi while Shell, Equinor and Ithaca appear in court and Delitc looks to farm down Selene.
Major cable project receives £2b funding package
Eastern Green Link 1 (EGL1) has been awarded a £2 billion funding package to build the proposed new 196km subsea and underground cable.
Report: Renewables provide nearly half of UK electricity
Renewable energy now provides around 47% of the UK’s electricity, up from just 15% a decade ago.
All CCS Posts
Saipem and Stockholm Exergi team up for CCS in Sweden
Italian contracting giant Saipem (BIT: SPM) and Stockholm Exergi have signed a letter of intent for a large-scale CO2 capture plant to be installed in the Swedish capital.
Study finds skills ‘bottleneck’ could jeopardise UK CCUS
A new study warns that a poor understanding of specialised skills and competition amongst other energy sectors could hamper the UK’s CCUS ambitions.
Adnoc drills world first carbonate saline aquifer CCS well
The company already operates the Al Reyadah carbon capture and storage (CCS) facility, which has 800,000 tpy of capacity.
Delays to UK CCS process causing companies to reallocate resources, says OEUK
Carbon capture and storage (CCS) projects in the US and Europe are benefiting from repeated delays to the UK’s rollout of the emissions busting technology.
Acorn CCS: Industry leaders tell government to get a move on
Meanwhile First Minister Humza Yousaf called for an end to "dithering and delay" for Acorn CCS funding.
Masdar, Inpex strike e-methane deal
Masdar CEO Mohamed Jameel Al Ramahi said the agreement “opens an exciting new chapter for Masdar as we explore how to unlock the full potential of green hydrogen to produce fuel for homes and businesses”.
UK government outlines supply chain red flags for CCS development
The UK government has outlined what it sees as the obstacles the country faces within its carbon capture storage supply chain.
Acorn CCS developer Storegga doubles down on ’significant investment’
Aberdeen-based Storegga doubled down on spending during 2022 as its costs and investments surged.
Exxon to buy Denbury for $4.9bn in CO2 pipeline push
Denbury’s Rocky Mountain assets are connected to Exxon’s Shute Creek gas facility near LaBarge, Wyoming, which has captured more carbon than any other asset in the US.
Chevron expects even less CO2 injection at Gorgon than last year
Chevron expects to inject even less CO2 at its flagship Gorgon CCS plant this year than in 2022, amid issues with water management and seismicity.
UK CCS firms look to have 37 projects online by 2035, survey finds
A survey carried out by The Crown Estate and Crown Estate Scotland found that the UK carbon capture utilisation and storage sector has ambitions to bring 37 projects online by 2035.
Carbon removal tech added to market in new UK ETS reforms
New reforms proposed for the UK’s emissions trading scheme (ETS) would see carbon-removing technologies added to the market, in a move aimed at boosting investment in the sector.
Bumi Armada enters UK carbon shipping JV alongside Navigator Holdings
Malaysian vessel owner Bumi Armada has struck a non-binding memorandum of understanding with Navigator Holdings to provide carbon shipping and injection solutions in the UK.
EnQuest pushes ahead with CCS and hydrogen transformation at Sullom Voe
The CCS and hydrogen process will require hundreds of millions of pounds of investment and is estimated to create nearly 200 new jobs over coming years.
CCS, offshore wind deadlock broken as BP removes objection to Orsted project
Energy giants BP (LON: BP) and Orsted (CPH: ORSTED) have made a major breakthrough in a dispute over a patch of land in the Southern North Sea.
Shell Capital Markets Day: Shareholder payout as oil giant cuts spending elsewhere
Shell (LON: SHEL) will increase its dividend per share by 15% in the second quarter of the year and reduce spending elsewhere as part of CEO Wael Sawan’s Capital Markets Day pitch in New York.
Halliburton awarded completions work for HyNet CCS project
The global services giant will provide equipment and support for the carbon sequestration scheme in Liverpool Bay, northwest England.
‘Exactly what Harbour Energy needs’: Talos deal would set merged firm up for growth
A deal makes sense for both Harbour and Talos Energy.
Podcast: ‘We will not hit our net zero targets,’ warns UK energy leader
There is a “groundswell” of energy industry opinion that the UK is going to miss its net zero emissions targets.
Dick Winchester: is CCS already redundant?
There are really two options for dealing with carbon emissions. You either avoid them by stopping the burning of hydrocarbons and using something else or, try to collect them as you produce them and hide them away somewhere in the hope they won’t escape. The latter being CCS - carbon capture and storage.
CCUS business models: Making money from collaring carbon
After years of discussion and disappointments, amongst them at least two false dawns, the UK’s carbon capture utilisation and storage (CCUS) industry is starting to fall into place.
‘Is there a bigger growth opportunity for the UK?’: NSTA on £200bn North Sea investment target
Stuart Payne, CEO of the NSTA, talks North Sea investment, whether electrification will hit the emissions mark, and inspiration from Teddy Roosevelt.
CNOOC Ltd launches Brazil project, offshore CCS
“The successful commissioning of the Enping 15-1 oilfield CCS demonstration project will strongly support the company’s efforts in increasing reserves and production and pursuing green and low-carbon development,” said CEO Zhou Xinhuai.
Risk of a leak? Then no permit, NSTA CCS boss tells conference
Concerns over whether offshore carbon stores will stay watertight for centuries to come were addressed at an industry event this week.
BP boss highlights ‘opportunity’ of CCS, offshore wind coexistence challenge
A carbon capture and storage (CCS) leader has challenged industry to find a solution to the energy sector’s looming coexistence puzzle.
