EGL1 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.
CCS
Carbon Capture Storage News
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.
COP29: Oil majors pledge $500m energy access investment
Oil majors BP, Shell, Equinor and TotalEnergies have pledged a $500 million joint investment intended increase energy access for people in key regions.
ADIPEC: Net Zero Technology Centre
Technology is a continuing interest in the Middle East and one that Cammy Booth, at Net Zero Technology Centre (NZTC), has first-hand experience. The UK-backed group has had successes in bringing Adnoc together with innovators, concluding a sulphur competition at the Adipec show. Listen on your podcast platform of choice.
World leaders at COP29 agree to a global carbon market… that could finally bite
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Commitments at this year’s UN climate talks are ramping up fast, though the conference in oil-producing Azerbaijan has been mired in controversy.
Exolum claims ‘world first’ green hydrogen scheme at Immingham
Spanish firm Exolum has claimed a "world first" green hydrogen project at the Port of Immingham in Lincolnshire.
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Time to get ready for CCS plans
“The world is not just North America and Europe,” he said. “We need the best projects in the best places, not just in the best tax regimes.”
‘Strategic’ manufacturers to get billions of pounds in Treasury backing
Treasury will commit £960 million to a green industries growth accelerator plan covering carbon capture, hydrogen, nuclear energy and offshore wind
Aberdeen has ‘strong claim’ to get Labour’s GB Energy headquarters, Ed Miliband says
Labour's shadow climate secretary, visiting the north-east, said he wants the city to become the UK's 'clean energy capital'.
SEEL agrees 10% farm-in to North Sea Project Orion CCS licence
Sumitomo Corporation subsidiary SEEL agrees farm-in for 50% share of Carbon Catalysts 20% interest in the CS017 and CS018 licences, subject to regulatory approval.
Indonesia stacks up low-carbon deals in visit to US
The president went on to invite Exxon to invest in renewable energy and infrastructure, including for the new planned capital, Nusantara.
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.
Iona makes key investment in Scottish CCS developer
Iona Capital has acquired a stake in Carbon Capture Scotland Limited (CCSL), as the firm looks to reach a 1 million tonne-per-year storage target by 2030.
Wintershall Dea acquires 10% stake in UK ’Poseidon’ CCS project
Wintershall Dea has acquired a 10% stake in the Poseidon CCS project, making it the second CCS project it has a hand in within the UK
Elemental Energies rising to demand with more acquisitions
Elemental Energies, the wells specialist which has been on a run of acquisitions, is planning even more growth to meet operator demands.
Middle East sets eyes on scaling up CCS
“Decarbonising production here is critical for those key demand centres of India and China,” KBR’s Blackburn said. The Middle East, given the region’s productive capacity, will be “the ones that lead the way, for sure”.
BlackRock invests $550mn in Occidental carbon capture
“This joint venture demonstrates that direct air capture is becoming an investable technology, and BlackRock’s commitment in Stratos underscores its importance and potential for the world,” Chief Executive Officer Vicki Hollub said in the statement.
UK Energy Minister to headline ETIDEX 2023 in Aberdeen
UK Minister for Energy Security and Net Zero announced as headline speaker for ETIDEX 2023.
New Aberdeen business targets UK’s nascent carbon capture market
Amplus Energy Services and a new Norwegian partner have launched an Aberdeen firm focused on carbon capture after a multi-million-pound deal.
Centrica chief trying to get the UK to speed up carbon capture
Centrica Plc boss Chris O’Shea is on a mission to show the UK government that it needs to rapidly speed up carbon capture projects, which could become crucial if the country is to reach its net zero ambitions.
Eni profits slump, but talks up new gas hub in Indonesia
Geng North is thought to hold around 5 trillion cubic feet of gas and 400 million barrels of condensate. Eni sees the Kutei Basin becoming a “new world class gas hub”.
ABB signs 10-year extension to carbon capture education deal
ABB and Imperial College London signed a 10-year contract to continue their carbon capture technology partnership.
Seismic survey complete at Aker BP’s Poseidon CCS licence off Norway
Survey acquisition has now been completed across Aker BP and OMV’s Poseidon carbon storage licence in the Norwegian North Sea.
Netherlands first carbon storage project launched
A final investment decision has been made on Porthos, the first major CO2 transport and storage system in the Netherlands.
DAC oil competes with SAF, claims Hollub
“Direct air capture shouldn’t be compared to point source carbon capture, what it should be compared to is [SAF],” the CEO said. SAF has more emissions than Oxy’s net zero oil, she continued.
UK minister fires into US’ IRA for protectionism
“With our European neighbours we could have a pipeline of green hydrogen to provide a clean fuel stock to German industry and coming back the other way carbon to the UK [for storage],” he said.
Eni agrees terms for ‘world first’ CCS business model at UK’s HyNet
Eni has reached an agreement in principle with the UK Government over the regulatory framework which will govern its HyNet carbon capture and storage (CCS) project in the UK.
Well-Safe Solutions looks to CCUS as it hires energy transition manager
Aberdeen's Well-Safe Solutions has hired Alexa Duncan as its first energy transition manager as the firm targets carbon capture and storage and geothermal project capabilities.
Award nominees announced for 2023 Scottish Green Energy Awards
Scottish Renewables has announced the shortlisted nominees for the 2023 Scottish Green Energy Awards, set to be held on November 30 in Edinburgh.
Yinson sets out CCS plans for Azule FPSO
These steps would “significantly reduce” the FPSO’s overall carbon emissions and improve operational efficiency, it said.
Decarbonisation conference lauds progress, but warns UK could soon ‘lag behind’ global leaders
Over 200 energy industry leaders gathered in Aberdeen today as Offshore Energies UK (OEUK) held its first ever decarbonisation conference.
