Equinor leads Norway’s push into carbon ‘recycled’ green fuels
Norwegian state-owned energy giant Equinor is among global oil and gas firms investing in a range of alternative green fuels in
Iceland
EVOL: Wood on the move, electoral turmoil and volcano drilling
Wood is considering another offer for the company, from the Middle Eastern Sidara. Such a sale would likely help Wood access new international markets, but the loss of a FTSE250 company based in Aberdeen will be lamented. Given the challenges of the North Sea, is such a move inevitable?
The world’s biggest carbon removal plant comes online in Iceland
Amid the steam rising around Iceland’s Hellisheioi station sits a newly built warehouse surrounded by giant fans run by carbon removal startup Climeworks. Dubbed Mammoth, the project is now the world’s biggest plant to suck carbon dioxide from the air.
Removing carbon from the air enters its awkward teen years
If you want to understand the potential of direct air capture, or DAC, all you have to do is see its end product: solid rock. The world’s first plant to pull carbon dioxide from the air and turn it into stone has been operating in Iceland for nearly two years, and the fruits of its labor were on display last week at Climeworks’ DAC Summit.
Infinite geothermal energy puts Iceland in vanguard of drive to net zero
Set in the heart of the unforgiving North Atlantic Ocean, some 175 miles away from its nearest neighbour, Iceland is on the front line of efforts to collar climate change, in all senses.
Oil and gas projects: Down at the foot of the Atlantic league table
The Atlantic Ocean Basin covers roughly 20% of Earth’s surface. With neighbouring seas like the North Sea and Caribbean, it covers about 106.4million square km (41.1million sq. miles) and hosts the most diverse array of offshore oil and gas provinces anywhere.
Following fundraising, Atome nears Iceland, Paraguay FID
Atome Energy is a step closer towards going ahead with its Iceland and Paraguay green hydrogen plans with the completion of its fundraising.
Atome seeks first-mover hydrogen producer advantage
High hopes around the shift to hydrogen have largely focused on technology providers, but there will also be a need for companies to bring production into reality.
Ex-IFC exec Mussat to head President’s hydrogen unit
Olivier Mussat has joined President Energy subsidiary Atome Energy from the International Finance Corp. (IFC) in preparation for an IPO later this year.
Plans underway for Icelandic storage site capable of receiving CO2 from overseas
Preparations are underway for a carbon storage facility in Iceland designed to receive emissions from overseas.
Iceland’s oil dream in peril as China, Norway give up last block
Iceland’s hope of finding oil offshore its coast is fading after China and Norway decided to back out of the island nation’s only remaining exploration license.
Silicor sees cost advantage in $1bn Icelandic solar plant
Silicor Materials Inc. expects to complete financing in the next two months for a $1 billion plant it says will produce solar-grade silicon for at least 40 percent less than existing facilities.
Icelandic volcanoes could provide power to British homes
Icelandic volcanoes could be providing power to British homes, under plans to be announced by David Cameron. The Prime Minister, attending the Northern Future Forum in Reykjavik, is expected to say that the UK and Iceland are to look at establishing an electricity pipeline between the two countries. The multi-billion pound “interconnector” - involving 750 miles of undersea cabling - would enable the direct export of hydro and geothermal-generated electricity to be exported directly to Britain.