Latest news
Daily (30.05.2023): Weaker demand and high storage levels continue to weigh on gas prices
Crude oil prices rose on Monday after President Biden and House Speaker Kevin McCarthy were believed to have reached a preliminary agreement on lifting the debt ceiling. Brent crude added 0.2% to settle at $77.07 a barrel. WTI crude increased by 0.4% to trade $72.96 per barrel.
read more... 30/05/2023
Britain's Harbour Energy, BP to develop Viking CCS project
Harbour Energy, Britain's largest oil and gas producer, said on Tuesday it has entered into an agreement with BP to develop the Viking CCS transportation and storage project.
read more... 11/04/2023
UK government to fund Acorn CCS in second phase of CCUS development
The UK government on Thursday launched the second phase of its carbon capture, utilisation and storage (CCUS) scheme. It has named the Acorn Project in the north of the UK as one of the two beneficiaries of the next phase.
read more... 03/04/2023
Scottish project to use surplus wind for 3GW hydrogen
UK-based energy storage company Statera plans to develop a 3GW grid-connected electrolysis project near Aberdeen to turn surplus offshore wind power in Scotland into hydrogen, the company said today.
read more... 31/03/2023
UK Spring budget: Hunt announces $24bn for carbon capture and storage
UK chancellor Jeremy Hunt announced on Wednesday the government’s plans to commit $24bn (£20bn) to carbon capture and storage.
read more... 17/03/2023