Ocean Energy Resources

GLOBAL NEWS SERVICE FOR THE FOSSIL AND RENEWABLE ENERGY COMMUNITIES

UK likely to unlock £10 billion worth of North Sea oil & gas

Fossil Energy – Policy

Given the rising focus on energy security, Wood Mackenzie, an energy intelligence group, has pointed out that the United Kingdom (UK) could get its hands on an additional £10 billion of North Sea oil and natural gas value from existing assets if it puts the right set of fiscal and regulatory policies in place.

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Partnership on offshore electrification with CCS

General – Decarbonisation Mission

Three players – Amplus Energy, EnQuest’s Veri Energy, and Ocean-Power – have embarked on a decarbonization mission to bring offshore electrification operations to new heights in the UK and Norway by throwing carbon capture solutions into the mix to curb oil and gas installations’ carbon footprint.

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Letter of intent to fulfill joint ambitions

Wind Energy – Sustainability

Together with Irish and British colleagues, Eamon Ryan and Andrew Bowie, Tinne Van der Straeten, the Belgian Minister of Energy signed a letter of intent to create a connection between the wind farms off the Irish coast and Princess Elisabeth Island.

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New oil and gas licences strengthen every sector UK  

Fossil Energy – Licences

Offshore Energies UK says today’s offer of 31 new oil and gas licences to operators by the North Sea Transition Authority (NSTA) strengthens energy security and business confidence across all sectors as the expansion into wind, hydrogen and carbon capture and storage accelerates.  

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New North Sea licences back homegrown energy transition

Fossil Energy – UK

Offshore Energies UK, the leading trade body for the sector, says today’s award of new oil and gas licences by the North Sea Transition Authority (NSTA) has the potential to strengthen homegrown energy security as the sector continues its expansion in wind, hydrogen and carbon capture and storage. 

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UK and South Korea secure £367m for giant wind facility

General – Manufacturing Facility

UK Export Finance (UKEF) and Korea Trade Insurance Corporation (K-Sure) have secured £367 million in financing for SeAH Wind UK’s ambitious project to build the world’s largest wind monopile manufacturing facility near Redcar in the Tees Valley.

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UK government approves licences to store 30 million tonnes of CO2

General – CO2 Storage

In a move strongly endorsed by Offshore Energies UK (OEUK), the North Sea Transition Authority has today (September 15) awarded licences to companies to permanently store millions of tonnes of CO2 under the UK seabed through a technology known as ‘carbon capture and storage’ (CCS).

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