Harbour Energy is upbeat about the ability of oil and gas workers to move into CCS though, hailing it as the “only new business” that uses the exact same “expertise and competence”.
Shell (LON: SHEL) has exited a major carbon capture and storage (CCS) project in the UK after a review of its portfolio.
Offshore Energies UK will host its first dedicated event on carbon capture and storage (CCS) next month, as it looks at next steps for the emergent sector.
Under the terms of the agreement, Harbour will continue as operator of Viking with a 60% stake, with BP acquiring a 40% non-operated share.
Backers of a major CCS cluster in north-west England have completed pre-FEED work for a carbon capture and storage project in Runcorn.
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.
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.
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.
Funding for a 3GW hydrogen production site in Kintore, alongside projects to decarbonise Highland transport and whisky, has been unveiled.
"Energy security day" expected to include a revamped net zero strategy - though the venue of Aberdeen could change.
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).
The Conservative government at Westminster has been told it must immediately “cough up” carbon capture cash for the north-east.
Westminster is being pressed to confirm a portion of its carbon capture and storage (CCS) cash will go to Aberdeenshire’s Acorn project.
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 Jeremy Hunt has confirmed a £20bn government support package for CCS, but developers of a flagship north east scheme must wait for further details.
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.
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).
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.
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.
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).
Essar said hydrogen and biofuels are becoming globally significant fuels. “The UK is positioned strongly to spearhead the rapid growth of the European low carbon fuels market,” it said. “The UK already benefits from an advanced regulatory and policy framework to support low carbon energy production”.
Energy bosses have stressed the significance of the subsea industry in pinpointing a solution that allows carbon storage and offshore wind to coexist.
Scottish politicians have again pressed the UK government for certainty over the timeline for a major north-east carbon capture and storage project.
Spirit Energy has confirmed plans to repurpose offshore gas fields for emissions storage, in a move it claims will support thousands of jobs.
Meanwhile the UK Government has pledged an update on Track 2 - part of its £1bn carbon capture fund - in spring.