If Aberdeen is the “oil and gas capital of Europe”, Houston is surely the global hub – and the pair’s respective energy transition journeys are “almost an exact correlation” of each other.
Widespread adoption of carbon capture, utilisation and storage (CCUS) technologies in Southeast Asia remains highly unlikely, according to the latest findings from the Institute for Energy Economics and Financial Analysis (IEEFA).
Japan’s Mitsui and Indonesian state-backed energy company Pertamina will jointly study carbon capture, utilisation and storage (CCUS) commercialisation options in Indonesia.
Fishing has been the lifeblood of Peterhead for 400 years and that’s not about to change any time soon.
The UK’s bus and lorry fleets, plus many homes, could be running on low carbon hydrogen within two decades thanks to green technologies now being pioneered in three UK regions renowned until now for their carbon-intensive industries.
New North Sea licensing this year is part of the UK Government’s “ongoing” commitment to the sector, the energy minister has said.
Australia’s Woodside (ASX:WPL) and US-based technology developers ReCarbon and LanzaTech have launched a collaborative studies campaign aimed at converting carbon emissions into useful products.
BP is trying to block development of part of a giant wind farm in waters off England’s east coast, according to Denmark’s Orsted.
The UK’s offshore energy industry is aware it has a major opportunity to drive a very positive future – both for the UK economy and its energy mix alike.
The first episode of the Bigger Faster Better series from Energy Voice, in association with Womble Bond Dickinson, starts a journey of exploration to uncover which countries are developing the most innovative and scalable energy solutions. Over the course of the series, we examine how the UK stacks up in its race to cut emissions and move towards Net Zero, against other nations across the globe.
Scotland would be up to £6.7 billion better off with investment in carbon capture technology, the energy minister has said.
Aker Solutions will create 200 UK jobs this year as part of a drive into renewables and low carbon oil and gas projects.
Japan’s Inpex (TYO:1605) has confirmed that it will not take a final investment decision (FID) for its proposed Abadi liquefied natural gas (LNG) development in the Masela Block offshore Indonesia until the second half of the 2020s with the aim of starting production in the early 2030s. However, questions remain around the commercial viability of the project and this also marks the latest in a series of delays for Abadi.
Eni’s UK subsidiary has signed 19 memoranda of understanding (MoUs) related to carbon capture and storage as part of the HyNet North West project, which won government backing last year.
With carbon capture, utilisation and storage an essential component of delivering the UK’s net zero commitments, attention is now turning to project delivery - as an upcoming Aberdeen event will explore.
Oil giant BP has pledged to spend double what it earns in the UK in the coming years - but huge profits in its 2021 results and pressure on consumers have strengthened calls for a North Sea windfall tax
Japanese engineering company Chiyoda and Indonesian national oil company Pertamina will jointly study the development and application of carbon capture, utilisation and storage (CCUS) technology after signing a memorandum of understanding (MoU).
With around 200 carbon capture, utilisation and storage (CCUS) projects now in the pipeline, the fledgling sector is set for significant growth in 2022 – but cost controls, operational success and political support will be essential to maintain pace, says Wood Mackenzie.
While energy sector attention is focused on the low-carbon narrative, the short-term outlook for upstream activity is positive as we head into 2022. Consensus amongst industry analysts point to significant percentage increases in activity for next year, with further increases in 2023 and beyond.
US-based Baker Hughes (NASDAQ:BKR) will supply Santos’ (ASX:STO) Moomba carbon capture and storage (CCS) project in Australia with turbo machinery equipment.
A unique aspect of how the oil and gas industry operates is the concept of the mutual hold harmless indemnity – this is a legal tool for risk allocation by which each party to a contract agrees to take the risk of injury to its own personnel or damage to its property even if caused by the other party.
It’s set to be an action-packed year for majors, independents and national oil companies (NOCs) alike in 2022. Big choices will set strategic trajectories for the energy transition ahead and the M&A market is set to heat up with multi-billion dollar acquisitions on the horizon, reports energy research company Wood Mackenzie.
Let’s face it, 2021 was a terrible year.
Carbon capture, utilisation, and storage (CCUS) is set to play a vital role in the UK’s green industrial revolution to reduce carbon dioxide emissions and enable a net-zero economy by 2050.
Indonesian independent Medco Energi is carrying out a study to assess the potential of applying carbon capture, utilisation and storage (CCUS) technology at its operating assets.