Wood re-enters takeover talks with Dubai firm Sidara
Aberdeen-headquartered Wood (LON:WG) has confirmed it has received a fresh approach from rival firm Sidara regarding a possible takeover bid.
CCS
Carbon Capture Storage News
Starmer pledges £200m for Grangemouth site from National Wealth Fund
UK Prime Minister Sir Keir Starmer has announced a further £200 million investment in the Grangemouth industrial site, where Scotland's only oil refinery is expected to close later this year.
Saipem and Subsea7 unveil €20bn merger plan
Investors behind two of the largest oil field services firms have announced plans to create a new "global leader" in energy services.
Irish Sea EnergyPathways on track for ‘cornerstone’ investor
EnergyPathways (AIM: EPP) has announced progress on its flagship gas production and storage scheme in the Irish Sea as it closes in on an investor to back the development.
Petrofac ups restructuring plan target to $355m
Petrofac (LON: PFC) has unveiled plans to raise $355 million (£280m) in funding as part of a rescue deal that will further reduce shareholder allocation.
EthosEnergy CEO boasts ‘healthy pipeline of global opportunities’
Following the private equity takeover of EthosEnergy, the firm's boss Ana Amicarella discusses what 2025 holds in store.
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Peterhead Power Station expansion faces ire over increased emissions
The expansion of Peterhead Power Station has come under fire from environmental campaign groups after it emerged both the new and old gas plants could be kept running concurrently in the case it is needed for security of supply.
Four firms awarded CO2 storage exploration licences off Norway
Four companies have been offered exploration licences for CO2 storage in two areas of the Norwegian North Sea.
North-east SNP politicians angry at wait for major carbon capture project go-ahead
Every north-east SNP politician at Westminster and Holyrood has accused the UK Government of failing to give credible details on giving the green light to a major energy scheme.
Acorn backers ‘ready to step up’ following Track 2 CCUS announcement
Backers of the Scottish Cluster and the north-east’s Acorn carbon capture project welcomed news that the scheme is a frontrunner for the government’s Track 2 funding process.
Green hydrogen funding unveiled for clutch of North Scotland projects
Funding for a 3GW hydrogen production site in Kintore, alongside projects to decarbonise Highland transport and whisky, has been unveiled.
‘Rebuilding confidence’: UK Gov expected to make windfall tax and CCS announcement in Aberdeen
"Energy security day" expected to include a revamped net zero strategy - though the venue of Aberdeen could change.
CCU International lands six-figure deal with Unilever-SCI consortium
Aberdeen-based carbon capture firm CCU International has landed a six-figure deal with a group led by consumer good multinational Unilever and the Society of Chemical Industry (SCI).
Tories told to finally end the north-east’s long wait for carbon capture cash
The Conservative government at Westminster has been told it must immediately “cough up” carbon capture cash for the north-east.
Sir Ian Wood urges govt to confirm Acorn will benefit from £20bn CCS pot
Westminster is being pressed to confirm a portion of its carbon capture and storage (CCS) cash will go to Aberdeenshire’s Acorn project.
‘We’ve waited too long’: Peterhead Port tells Chancellor to speed up as Acorn CCS delay rumbles on
A Peterhead industry boss has told the Chancellor to pick up the pace on support for the Acorn CCS project – warning the region has “waited too long for this as it is”.
Chancellor confirms £20bn CCS package – but Acorn backers must continue wait
Chancellor Jeremy Hunt has confirmed a £20bn government support package for CCS, but developers of a flagship north east scheme must wait for further details.
Worley, ABB win North Dakota GTL work
The $2.8 billion plant will also be equipped with carbon capture and storage (CCS).
Fund it or lose it: Chancellor’s £20 billion ‘only half’ of what is needed to capture and store UK carbon – Ineos
Chancellor Jeremy Hunt’s pledge to invest £20 billion in carbon capture technology over the next two decades is only half of what is needed to ensure the UK meets targets on polluting emissions.
Timeline: Acorn CCS’ long road towards mighty oak
The path has not run smooth for the north east’s Acorn CCS project, however new funding commitments in the Spring Budget may finally see the pioneering plans take root.
Technology focus helps grow Petronas capex
Petronas will also be upgrading its rig capabilities as well as providing third party drilling services for other companies over the next three years, the firm said in its recent outlook.
Chancellor vows £1bn per year support for carbon capture
Chancellor Jeremy Hunt vowed to commit £20bn to carbon capture technology over the next two decades, alongside new support for small modular nuclear reactors (SMRs).
Abu Dhabi bank first out of the blocks to target emissions
FAB is aiming to reduce scope one to three emissions in the oil and gas sector by 7 to 15% by 2030, from a 2021 baseline.
Updated: MPs call on Chancellor to back Acorn CCS in Spring Budget
Scottish politicians urged Westminster to unlock funding for the Acorn carbon capture and storage project in the upcoming Budget and slammed slow progress on low-carbon development.
Carbon capture and e-fuels the talk of CERAWeek
The demonstration project will use DAC or CO2 captured from industrial emitters. Santos aims to use its existing infrastructure to “generate, liquefy and export” e-methane to Japan.
Crown Prince inaugurates first CO2 shipment at Denmark’s Greensand CCS scheme
‘Big moment’ hailed as Danish CCS project injects CO2 from an Ineos chemicals site in Belgium – marking the first major cross-border transport and storage of emissions in Europe.
Targeting widespread CCUS across Asia
Nearly every week we hear of an exciting development in carbon capture, utilisation and storage (CCUS).
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.
Ineos to ‘use the learning’ from Danish CCS project to inform Aberdeenshire’s Acorn
Ahead of first CO2 injection tomorrow, we head to Ineos' Greensand CCS project to find out how the development will help inform Acorn carbon capture and storage in Aberdeenshire.
Crown Estate seeks industry views on CCUS development
The Crown Estate and Crown Estate Scotland (CES) have launched their first engagement with industry on the future of North Sea carbon capture utilisation and storage (CCUS).
Eni, Adnoc agree to clean energy co-operation
Eni said the companies may work together in renewable energy, blue and green hydrogen, carbon capture and storage (CCS), tackling methane emissions and other areas.
