North Sea firms keenly await Spring Budget clarity on windfall tax
Reports suggest Chancellor Jeremy Hunt is planning to extend the windfall tax on North Sea oil and gas firms.
Carbon capture utilisation and storage (CCUS)
Germany to allow carbon storage to pave way for lower emissions
Germany will allow heavy industries who don’t have other ways of cutting emissions to transport and store carbon underground, a reversal of the government’s original stance as it bolsters efforts to reach climate neutrality.
Veri Energy boss Salman Malik unveils his green dream for UK North Sea
Sullom Voe will continue to 'define the economic landscape of Shetland', he told guests at Prosper's Annual Lecture in Aberdeen.
Equinor gets planning approval for H2H Saltend hydrogen project
H2H Saltend project aims to "kick-start" decarbonisation initiatives in the surrounding Humber region.
A clearer picture: how maximizing well test data can streamline CCUS developments
Detailed appraisal well testing can provide significant benefits for the de-risking and development of carbon capture, utilization, and storage (CCUS) projects.
Germany paves way for major expansion of gas power plants
The plan requires developers to upgrade stations to burn hydrogen sometime between 2035 and 2040
Norway’s carbon capture scheme boosted by Germany’s change of heart
A Norwegian project to bury carbon under the seas is getting backing from Germany
Viking CCS project awards FEED contract to Technip Energies
The developers behind the Viking carbon capture and storage (CCS) project have awarded a front end engineering and design (FEED) contract to French firm Technip Energies.
EU plans big scale up of carbon removals to reach climate neutrality
The green shift in the 27-nation bloc, which is already legally bound to reduce greenhouse gases by 55% this decade, will affect every corner of the economy.
The value of well testing at carbon storage sites
Carbon capture, utilisation, and storage (CCUS) is recognised as one of the pivotal enabling processes in the global transition towards reducing greenhouse gas emissions and achieving 2050 net-zero targets.
Dealmakers’ view: What impact will the general election have on UK energy investment?
Upstream oil and gas is the main segment of the UK offshore energy industry likely to be impacted by uncertainty of a general election, top dealmakers have said.
UAE state-owned oil firm ADNOC invests in UK carbon capture firm Storegga
Carbon capture firm Storegga is a partner in the Acorn and Trudvang CCS projects
NSTA carbon storage licensing projects start to lock in industrial partners
The UK government outlined its CCUS Vision in December, but where will the carbon set to be stored in offshore sites be sourced from?
OEUK report outlines North Sea clean energy skills potential
The North Sea's skilled oil and gas specialists must be retained to power the transition to clean energy, according to a report released by Offshore Energies UK (OEUK) today.
The world’s leader in Carbon Capture shows why it’s a long shot
Nearly 200 countries are in the home stretch of tough negotiations at COP28 over what the world should do to combat climate change.
Plans unveiled for £800m carbon capture project at Yorkshire waste-to-energy plant
Waste-to-energy operator Enfinium said the carbon removal project will remove the equivalent of the carbon emissions of "every household in Manchester out of the atmosphere"
Autumn statement signals ‘big change’ for UK oil and gas decom taxation, expert says
Treasury documents released last week could spell good news for North Sea decommissioning and CCUS investment, but tax uncertainty remains.
Large-scale carbon capture an ‘illusion’ for oil and gas companies
Oil and gas companies must let go of the “illusion” of “implausibly large” carbon capture solutions, reduce their fossil fuel production and invest more in clean energy to align with international climate goals, the International Energy Agency (IEA) has said.
Why carbon capture is Big Oil’s solution for climate change
Sultan Ahmed Al Jaber is the President-Designate of the upcoming United Nations climate summit in Dubai, or COP28. He’s also head of the Abu Dhabi National Oil Company.
Report finds 100 North Sea storage sites needed to meet 2050 CCUS demand
A new report from Xodus has found around 100 North Sea reservoirs will be needed to meet UK demand for carbon capture utilisation and storage (CCUS) by 2050.
Energy Transition in the Middle East
The Middle East has long been synonymous with the oil and gas industry, with approximately 30% of the world’s oil currently produced in the region.
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.
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.
What is Carbon Capture Utilisation and Storage?
One area of the energy sector that everyone will be looking at following today’s budget is carbon capture utilisation and storage, however, what does that mean?
Importance of carbon capture utilisation and storage comes to fore
Prior to 2023, the importance of carbon capture utilisation and storage (CCUS) in decarbonisation strategies was somewhat understated.