National Grid sells US renewables arm in £1.4bn deal
National Grid (LON:NG) has agreed to sell its US onshore renewables business to Brookfield Asset Management in a deal valuing the division at $1.74 billion (£1.37 billion).
CCS
Carbon Capture Storage News
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.
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.
All CCS Posts
Norway confirms carbon storage bids alongside new acreage offer
The Norwegian government said it had received six applications for permits for offshore CO2 storage, and offered new acreage as it seeks to build a “new commercial industry” around CCS.
SNP energy secretary slams ‘money wasting’ delays to north-east carbon capture scheme
The UK Government has been accused of putting jobs in the north-east at risk after delays to carbon capture funding.
Onshore terminal selected for major Norwegian CCS project
Plans for a major European carbon capture and storage (CCS) project have taken a step forward with the signing of an option agreement for an onshore terminal.
Adnoc to invest $15bn in low carbon drive
The company aims to capture 5 million tonnes per year of CO2 by 2030, it has said. Adnoc’s Al Reyadah facility captures 800,000 tpy currently. The next major investment will come at the Habshan gas processing facility, using local geology.
Azuli signs up Korean interest with eye on US CCS options
“We’re not interested in a regulated asset model, not at a fixed 5% return,” he continued. Investors have to be able to cover failures through higher returns on their successes. “We’re looking at returns into the teens on returns.”
Worley unit bags work on Teesside net zero cluster for BP
Worley’s consulting business Advisian has secured a contract from BP to advise on a pair of projects central to the decarbonisation cluster in the north east of England.
CCS4G Symposium – Super Critical Connections
In many ways the CCS world with its wells, reservoirs and sealing cap-rocks will be familiar to PESGB members.
SSE, Equinor granted UK-first approval for Keadby carbon capture power station
The Keadby 3 carbon capture power station in the Humber has become the first power and CCS project in the UK to receive planning permission.
Exxon aims for low-cost growth in five-year plan
ExxonMobil has set out plans to focus on high return, low cost projects in the Permian Basin, Guyana, Brazil and LNG internationally.
Adnoc stakes its claim to meet the world’s energy needs
Adnoc has the goal of being the world’s lowest-cost oil producer of choice. Unlike some of its IOC competitors, struggling to come to terms with the demands of meeting today’s energy needs and tomorrow’s transition, it is willing to put the money in.
Denmark grants first permit for CO2 storage
The Danish Energy Agency has granted permission for CO2 injection and storage to begin at the country’s Greensand pilot project, as part of an initial four-month trial.
Wintershall Dea backs CO2 hub in Danish North Sea
Wintershall Dea is to join a consortium developing a greenport hub on the Danish coast, linked to the country’s flagship Greensand carbon capture scheme.
Scottish CCS project drive could create up to 500 rural jobs
Carbon dioxide specialist Carbon Capture Scotland (CCS) has announced a new initiative which it says could help remove up to 1 million tonnes of CO2 from the atmosphere per year by 2030.
Essar plans £360m carbon capture plant in HyNet cluster
Essar Oil UK has announced plans to build a £360 million carbon capture plant at its Stanlow refinery, as part of wider plans to decarbonise the north west of England.
‘Game-changing’ Aberdeen carbon capture firm targets £1bn revenues
An Aberdeen-based carbon capture firm is launching its first round of fundraising with the aim of generating £1bn revenues over the next 10 years.
Australia offshore CCS project advances
Pilot Energy and partner Triangle Energy are among the first in Australia to lodge a submission to seek regulatory approvals for an offshore carbon capture and storage (CCS) project.
ExxonMobil and Japan’s Mitsubishi Heavy Industries form CCS alliance
ExxonMobil (NYSE:XOM) and Mitsubishi Heavy Industries (MHI) have joined forces to deploy MHI’s leading CO2 capture technology as part of ExxonMobil’s end-to-end carbon capture and storage (CCS) solution for industrial customers.
Petronas gives investment approval for giant CCS project in Malaysia
Petronas has taken a final investment decision (FID) for the development of its giant Kasawari carbon capture and storage (CCS) project offshore Sarawak in Malaysia. Significantly, it will be one of the first large scale CCS schemes in Southeast Asia and takes Malaysia closer to its goal of becoming a regional hub for carbon storage solutions.
Kent secures work for Ineos-led Greensand CCS project in Denmark
Kent has been selected by Ineos Energy to conduct screening studies for the Project Greensand carbon capture and storage (CCS) scheme in the Danish North Sea.
Scottish CCS ‘left in the lurch’ as UK Government continues delay on development
The Autumn Budget is passed and Xmas is on the horizon - so government pledges of more work "this year" to bring vital emissions-busting CCS projects online are in question.
North Sea firm EnQuest eyeing ‘significant infrastructure reuse’ to deliver CCS
Operator EnQuest (LON: ENQ) has emerged as the latest North Sea firm to throw its hat into the carbon capture and storage (CCS) ring.
Hat tip for CCS, but no update on ‘Track 2’ process from chancellor
Jeremy Hunt has failed to give an update on long-awaited plans for the second part of the government’s carbon capture and storage (CCS) competition.
Aquaterra premieres new CCS integrity system
Aquaterra Energy has unveiled a new CO2 management solution that it says will aid the long-term monitoring and integrity of offshore carbon capture and storage (CCS) sites.
Chevron seeks to bury Asia’s emissions in Australia
Chevron (NYSE:CVX) is studying plans to sell greenhouse gas storage space in Australian underground reservoirs to polluters across Asia.
Indonesia’s giant Arun field eyed for regional open access CCS hub
Indonesia’s giant Arun field, which previously fed one of the world’s first LNG export plants, could be repurposed as potentially the first commercial carbon capture and storage (CCS) business in Asia offering open access storage of carbon dioxide (CO2).
