Oil and gas supermajors are kicking frantically below the water’s surface as they attempt to navigate the energy transition. In the second of a two-part series, we examine how BP and Shell have scaled back their low-carbon commitments.
Grangemouth will need the Acorn Carbon Capture and Storage (CCS) development to go ahead to take full advantage of the upcoming £13 billion Project Willow plan.
The UK is facing a "critical few months" as energy policy is formulated that will fuel investment and ensure that the energy supply chain retains skills and jobs.
Continued collaboration with the oil and gas sector is essential for renewables to scale to meet the UK’s clean power ambitions, according to Hitachi Energy country managing director for UK and Ireland Laura Fleming.
The green energy industry “has yet to crack the conundrum of how to drive investment" to the supply chain – but tidal offers opportunities for UK firms, an Aberdeen event has heard.
A feasibility study exploring options for overhauling the Grangemouth refinery in Scotland is reportedly set to propose £3.8 billion of investments in low-carbon alternatives for the site over ten years.
The firm behind the Medway Hub Camelot CCS project has said that due to the unlikelihood of a future Track funding round for carbon storage projects, it is focussing on its "merchant scheme".
If the generation and transmission targets are achieved by 2030 or soon after, the UK electricity system will have undergone a significant metamorphosis. It will change where value lies in the system. It will also be a much more complex system to operate and maintain.
Ocean Installer is the latest business to join Cerulean Winds' alliance of supply chain firms aimed at delivering a trio of floating wind projects in Scotland.
The Scottish floating wind industry will deliver “higher quality jobs” than those created by the oil and gas sector in its early days, according to the chief executive of Cerulean Winds.