Two UK Track 1 carbon capture, utilisation and storage (CCUS) projects have pushed towards final approval after the Department for Energy Security and Net Zero (DESNZ) proposed offering them CO2 transport and storage licences.
Essex-based fuels, oils and lubricants provider New Era Energy will invest £40m to propel its ambitions to become one of the UK’s leading sustainable fuel brokers.
The warning about October’s budget sent out by Sir Keir Starmer will scarcely have gone unnoticed in the energy sector. How will the “black hole” affect plans and policies that are essential to Labour’s fundamental commitment to the energy transition?
My first ONS conference in Norway brought one key issue into sharp focus: energy firms are sitting on an asset that could make a huge difference to our drive towards sustainability.
ETZ Ltd has awarded £1.47 million in grants to ten North East Scotland firms as part of the Challenge Fund focused on driving the energy transition and creating jobs.
By Richard Barker, development director at Peel NRE
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As the new Labour government outlines plans for publicly owned carbon capture projects, Peel NRE development director Richard Barker looks at the role of the technology in reaching net zero and how plans are progressing on the ground.
The Drax power station in Yorkshire receives £550 million per year in green subsidies despite being the largest single carbon emitter in the UK, a report has found.
With Prime Minister Keir Starmer hosting EU leaders last week, all eyes are on the relationship between the UK’s new government and its European neighbours. While there will be a lot to discuss, from security to the economy, it is important that there is clarity on the UK’s collaboration with Europe in terms of the energy transition and security.
The head of training firm 3t is calling for a more strategic approach to skills policy to ensure there are enough skilled workers for the UK energy transition.
The Scottish government has announced £2 million in funding for the Acorn carbon capture and storage (CCS) project centred on the St Fergus gas terminal.
Oil and gas operators will risk facing fines if they continue to miss well decommissioning deadlines, the North Sea Transition Authority (NSTA) has warned.
The UK will likely need as much as £57 billion ($73 billion) in additional investment by 2030 to develop key industries that the incoming Labour government believes will help the country support green job growth and rely less on carbon.