Ocean Energy Resources

GLOBAL NEWS SERVICE FOR THE FOSSIL AND RENEWABLE ENERGY COMMUNITIES

Execution of UK’s first carbon capture and storage projects

General – Carbon Capture and Storage

Equinor has announced financial close after taking a Final Investment Decision (FID) to progress to execution phase on two of the UK’s first carbon capture and storage (CCS) projects in Teesside, the Northern Endurance Partnership (NEP) and Net Zero Teesside Power (NZT Power).

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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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Prysmian preferred bidder for EGL2 cable connection in UK

General – EGL Cable Connection

SSEN Transmission and National Grid Electricity Transmission, the GB electricity transmission network owners, selected the Prysmian Group as the exclusive preferred bidder for the Eastern Green Link 2 (EGL2) cable connection.

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NSEC and UK facilitate development of offshore renewable energy

General – Renewable Energy

Energy ministers from the members of the North Seas Energy Cooperation (NSEC), and the Commissioner for Energy and the Energy Minister from the United Kingdom have signed a Memorandum of Understanding (MoU).

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