UK-based engineering firm Wood said Wednesday it expected continued growth in the carbon capture utilization and storage market, with circa $500M worth of potential CCUS projects coming to market in the medium term.'Wood has strengthened its…
UK-based Global Energy Group and Swiss-based integrated energy company, Proman have partnered up to develop a renewable power to methanol plant using local sources of captured CO2 to be located at the Nigg Oil Terminal in the Highlands of Scotland…
Gulf of Mexico focused oil company Talos Energy and European carbon capture and storage firm Storegga have formed an exclusive joint venture to source, evaluate, and develop carbon capture and storage ('CCS') project opportunities on the United States Gulf Coast and Gulf of Mexico…
The UK on Wednesday announced a landmark deal aimed at supporting the oil and gas industry’s transition to clean, green energy. It also said it would introduce the 'Climate Compatibility Checkpoint' before future licensing rounds.The sector…
Japanese trading house Mitsui & Co Ltd said on Wednesday it would invest in the development of a carbon capture and storage (CCS) project in Britain.The Japanese company will take a 15.4% share in Storegga Geotechnologies which is developing…
After a turbulent 2020 for the oil and gas industry, 2021 is expected to see a modest rise in investment in the UK and Norway offshore sectors, assuming a US$50 per barrel average oil price.Exploration activity could recover to 2019 levels and investment in new developments is set to increase…
After years of expensive carbon capture and storage (CCS) studies and test centers, Europe has now reached a phase where large-scale CCS developments make sense financially, Norwegian energy market intelligence group Rystad Energy has said.In a report on Monday…
Energy services provider Petrofac has been awarded an Engineering and Project Management Office support contract for the Acorn carbon capture and storage project in the UK North Sea.Acorn CCS holds the first UK CO2 appraisal and storage license…
The Acorn carbon capture and storage and hydrogen project in the UK North Sea will get Scottish Government funding to help drive forward Scotland’s Net Zero carbon targets by 2045. The funding is part of a five year, £62m package will be provided by a new scheme…
The winners of the 34th Offshore Achievement Awards were revealed in a virtual ceremony on Friday, August 14, 2020.This year Jeanette Forbes, entrepreneur and founder of the PCL Group, inspiring STEM mentor and energy sector ambassador, clinched…
The oil and gas industry might lose the social license to operate, and if it doesn't act quickly on helping solve the climate change problem, there may be no second chance.Tim Eggar, the Chairman of the UK Oil and Gas Authority (OGA) addressed…
A seismic shift in the dialogue around big oil and climate has occurred in the past 12 months. It’s a change in how big oil is orientating itself around what many call the energy transition. Climate goals - governmental, international and industry…
The U.K. Oil and Gas Authority (OGA) announced Thursday it has awarded its first carbon dioxide (CO2) appraisal and storage license as an independent regulator.The award has been made to Pale Blue Dot Energy (Acorn) Ltd (PBD) for the Acorn Carbon Capture and Storage (CCS) Project…
With oil prices expected to remain low, decarbonization targets looming and infrastructure nearing the end of its life, is it time for the North Sea industry to start taking carbon capture and storage seriously? Emma Gordon reports from SPE Offshore Europe…
A group of private firms and universities from the Netherlands and the UK have been given funding to undertake a feasibility study into permanent CO2 capture and storage (CCS) in empty gas and oil fields in the North Sea. Under the Acorn CCS project…
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