Ashtead Technology sees 2024 revenues grow on the back of M&A strategy
Aberdeen’s Ashtead Technology saw revenue growth of 52% for 2024, driven largely by the company’s mergers and acquisitions strategy.
CCS
Carbon Capture Storage News
Ithaca expands Seagull holding with JAPEX UK purchase
Ithaca Energy has acquired JAPEX UK (JUK) from its parent company, gaining the company’s 15% interest in the Seagull oil field.
Swinney attacks ‘utterly irresponsible’ and ‘ludicrous’ Tory net zero U-turn
John Swinney has attacked the Tories' "utterly irresponsible" and "ludicrous" U-turn on net zero as he stressed the need for consensus on climate action.
AI ambitions: Re-evaluating UK data centre power demand
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Turning the UK into an AI powerhouse implies a lot more energy consumption. However, a large number of data centres already exist, and power demand is lower than ten years ago. Digitalisation makes an economy less energy intensive rather than more.
North Sea could produce half of all UK oil and gas in run up to 2050 – report
The North Sea could produce about half of the oil and gas the UK will need in the run up to 2050 - but only if new projects can be developed, industry chiefs have said.
Miliband probes Heathrow outage to investigate grid ‘resilience’
UK energy secretary Ed Miliband has commissioned an investigation into the power outage at Heathrow airport on Friday.
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Government body awards £500,000 to train workforce for Teesside energy projects
Nearly half a million pounds of funding has been allocated to increase workforce training on Teesside, as the region presses ahead with new energy projects.
Synergia says future government CCS Track funding is ‘in doubt’
The firm behind the Medway Hub Camelot CCS project has said that due to the unlikelihood of a future Track funding round for carbon storage projects, it is focussing on its "merchant scheme".
Decarbonising Scotland means an industrial transformation over energy transition
Scotland and the UK’s decarbonisation strategy needs to extend beyond the energy industry to become a full-scale industrial transformation.
Scottish business leaders urge UK to throw weight behind Acorn CCS
Scotland’s business community has urged the UK government to back Aberdeenshire’s Acorn Carbon Capture and Storage (CCS) project.
Enfinium unveils next phase of CCS programme
UK energy-from-waste operator Enfinium has announced the next phase of its carbon capture and storage (CCS) pilot programme.
Harbour Energy pays 108% UK tax
The North Sea's largest independent operator said it is paying more to the UK tax man than it earns as it revealed its latest accounts for 2024.
‘Inconsistency’ in approval of BP and Equinor’s Net Zero Teesside, court hears
An appeal court heard that a High Court ruling over emissions from the Net Zero Teesside (NZT) power gas project was “wrong” to conclude Energy Secretary Ed Miliband was unaware of the planning inspector’s guidance.
UK grid to ‘remain exposed’ to gas import shocks without clean power 2030 target, report finds
Labour’s clean power by 2030 decarbonisation goal will cut UK gas imports for power generation by 57% and lower the risk of price shocks, according to a report.
Eni plans CCUS satellite following Ithaca success
Following its combination with Ithaca Energy to create a ‘satellite’ business, Eni is looking to establish similar practices for its CCUS operations.
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.
Trial turns Scottish paper mill carbon emissions into detergent
Carbon dioxide from the UPM-owned mill is being captured using technology developed by Scottish tech start-up, CCU International (CCUI).
The Emperor’s New Clothes: Will supermajors survive the energy transition?
Oil and gas supermajors' swan legs are kicking frantically below the surface as they attempt to navigate the energy transition. In the first of a two-part series, we examine Equinor's approach.
Evero pushes ahead with BECCS in Ince and Mersey
UK-based Evero Energy, which specialises in waste-wood-to-energy and bioenergy with carbon capture and storage (BECCS), has hailed its "strongest quarter to date" for energy production as it targets involvement in the HyNet decarbonisation cluster in the North West of England.
Perenco starts Poseidon carbon injection test
Perenco has started injecting carbon dioxide into the depleted Leman natural gas reservoir as part of its Poseidon carbon capture and storage (CCS) project.
Teesside net-zero project ‘undermined’ by upstream emissions
MPs have criticised the government in a report on its investment in carbon capture projects, saying there is a “high degree of uncertainty” whether the “risky” investment of £21.7bn in the “unproven technologies” would provide value for money for taxpayers.
Labour could fast-track Acorn carbon capture project amid criticism over ‘confused’ energy strategy
UK energy secretary Ed Miliband has signalled Labour could look to fast-track the Acorn carbon capture and storage (CCS) project in Scotland, amid criticism over the party's "confused" energy transition strategy.
MPs warn against government backing of carbon capture
The UK government's £22 billion backing of "unproven" technology to capture and store carbon emissions is high risk, MPs have warned.
From waste to worth: the CO2 opportunity
Carbon dioxide has long been the villain of the world’s energy outlook. But what if it is more complex? What if industry’s most notorious waste product could be something more – could actually have value?
Energy Voices: why carbon capture matters at Morecambe
Spirit Energy has concrete plans for enabling a new zero energy system.
Centrica’s Spirit pleads for ‘modest’ proposal on £5bn Morecambe CCS
Developers of a £5 billion plan to create one of the largest carbon stores in the UK have pleaded for "modest, pragmatic" support from the UK government.
UK carbon capture and storage project shows how to leap regulatory hurdles
The recently completed environment statement for the Northern Endurance Partnership (NEP) marked the first for a carbon capture and storage (CCS) project in the UK and has cast some light on the regulatory challenges similar projects face.
‘There is no ban, and we do have a plan’, Sarwar tells North Sea critics
Scottish Labour leader Anas Sarwar defended his party’s energy policies and denied there has been a “ban” on new exploration licences in the North Sea.
Acorn carbon capture project ‘still waiting’ for UK funding, Scottish energy minister says
The developers of the Acorn carbon capture project are “still waiting” for UK government funding, Scotland’s energy minister says.
Teesside freeport records slump in profit a year after government probe
Teesworks Ltd, the UK’s largest freeport and a major low-carbon industrial regeneration site in the North of England, has posted a slump in revenue and profits, one year after a government probe into its sale to private owners.
Government urged to review Sizewell C nuclear plant over ballooning cost
Ecotricity founder Dale Vince, a Labour donor, has called for an urgent cost review of the Sizewell C nuclear power station and Net Zero Teesside carbon capture project.