By Ingrid Huldal, Director of Sustainable Energy Solutions, Expro
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.
By Dan Jackson, Co-Founder and Director, Cerulean Winds
Given the wealth of stakeholders with a vested interest in decarbonising the North Sea, getting any number of them together at any one time is a tough ask.
Europa Oil and Gas (AIM: EOG) and i3 Energy (AIM: i3e) are considering plans to pick up the Tain North Sea discovery given up by Repsol earlier this year.
By Lee Vettese, UK Business Development Manager - Environmental & Decommissioning
The global decommissioning landscape within the energy sector has evolved in recent years. Driven by increased decommissioning activity worldwide, heightened environmental awareness, and a desire to reduce costs, there is a growing willingness among operators to engage the supply chain in the decommissioning process earlier and more comprehensively than ever before.
North Sea operators have raised “serious concerns” over a new plan from the NSTA regulator, warning that shutdown of UK platforms could be “dramatically accelerated”.
The decommissioning sector is facing a myriad of challenges including inflationary pressures, skills shortages and a lack of project visibility according to Decom Mission, the Aberdeen-based trade body representing the industry.
While Rishi Sunak sets out plans to maximise oil and gas, north-east community groups and campaigners in the north-east are keen to make sure there is life after fossil fuels for the region.
As well as potentially violating international law, officials advised Sunak's office that increasing North Sea extraction would increase carbon emissions.
Shell (LON: SHEL) expects to receive approval for its plans to decommission the legs of the Brent oilfield in 2024, a spokesperson has told Energy Voice.