• 3 hours India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 8 hours Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 12 hours Russia, Saudis Team Up To Boost Fracking Tech
  • 18 hours Conflicting News Spurs Doubt On Aramco IPO
  • 19 hours Exxon Starts Production At New Refinery In Texas
  • 20 hours Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 2 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 2 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 2 days China To Take 5% Of Rosneft’s Output In New Deal
  • 2 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 2 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 2 days VW Fails To Secure Critical Commodity For EVs
  • 2 days Enbridge Pipeline Expansion Finally Approved
  • 2 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 2 days OPEC Oil Deal Compliance Falls To 86%
  • 2 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 3 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 3 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 3 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 3 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 3 days Aramco Says No Plans To Shelve IPO
  • 5 days Trump Passes Iran Nuclear Deal Back to Congress
  • 5 days Texas Shutters More Coal-Fired Plants
  • 6 days Oil Trading Firm Expects Unprecedented U.S. Crude Exports
  • 6 days UK’s FCA Met With Aramco Prior To Proposing Listing Rule Change
  • 6 days Chevron Quits Australian Deepwater Oil Exploration
  • 6 days Europe Braces For End Of Iran Nuclear Deal
  • 6 days Renewable Energy Startup Powering Native American Protest Camp
  • 6 days Husky Energy Set To Restart Pipeline
  • 7 days Russia, Morocco Sign String Of Energy And Military Deals
  • 7 days Norway Looks To Cut Some Of Its Generous Tax Breaks For EVs
  • 7 days China Set To Continue Crude Oil Buying Spree, IEA Says
  • 7 days India Needs Help To Boost Oil Production
  • 7 days Shell Buys One Of Europe’s Largest EV Charging Networks
  • 7 days Oil Throwback: BP Is Bringing Back The Amoco Brand
  • 7 days Libyan Oil Output Covers 25% Of 2017 Budget Needs
  • 7 days District Judge Rules Dakota Access Can Continue Operating
  • 8 days Surprise Oil Inventory Build Shocks Markets
  • 8 days France’s Biggest Listed Bank To Stop Funding Shale, Oil Sands Projects
  • 8 days Syria’s Kurds Aim To Control Oil-Rich Areas
Global Energy Advisory 13th October 2017

Global Energy Advisory 13th October 2017

Tensions between Iran and the…

UK Could Become Leader in CCS Market with North Sea Plans

UK Could Become Leader in CCS Market with North Sea Plans

The National Grid is celebrating after recent successful tests have suggested that it will indeed be possible to collect CO2 emissions from an industrial hub and store them deep below the North Sea. Exploratory drilling has found a suitable undersea formation about 40 miles off the coast of Yorkshire which has the estimated capacity to safely store around 200 million tonnes of CO2, which businessGreen describes as the equivalent of removing 10 million cars from the roads for ten years.

Similar such storage sites exist all over Europe, and some have predicted that using this relatively cheap form of storing CO2 could actually reduce the overall cost of tackling climate change by around 70%.

The National Grid has stated that this recent success is a vital step in its effort to create a Carbon Capture and Storage (CCS) hub in the huge industrialised region of the Humber, a large tidal estuary in Northern England, which accounts for nearly 10% of the UKs total emissions.

Related article: CO2 Breakthrough? New Gas Apparently Eliminates All Carbon Emissions

The White Rose CCS project.
The White Rose CCS project. CO2 is captured at a hub in the Humber and then piped out to the North Sea for storage. (HullCADexpert)

The government claims that this marks the first step on the path towards creating a new CCS industry that they believe could be worth £6.5 billion in a decades time, and provide an outlet for the UK’s oil and gas expertise that would otherwise fade away as the operations in the North Sea continue to decline.

Peter Boreham, the director of European Business Development at the National Grid, explains that the UK is in a strong position to become world leaders in this form of CCS, as much of its industrial regions are located along the coast of the North Sea, where many of the offshore formations to be used to store the CO2, exist.

Related article: Obama's Own Party Wages War on Energy Plans

“Global energy demand is likely to double in the next twenty years and CCS is the only technology that can turn high carbon fuels into genuinely low carbon electricity and keep costs low for consumers.

Drilling is part of a programme which confirms our confidence that CCS will be a practical part of tomorrow's energy mix.”

Andrew Green, the program manager for CCS at the Energy Technologies Institute (ETI), is buoyed by the success, and said that “modelling has shown that CCS has the potential to play a major role in any future low carbon UK energy system. But the industry requires more innovation to make CCS economically viable. Successful testing at this site helps provide confidence that power stations and industrial sites will be able to store their CO2 rather than release it into the atmosphere.”

By. Charles Kennedy of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News