BP and Equinor granted UK carbon storage licences
East Coast Cluster reaches milestone as licences granted for four more sites in Southern North Sea
The UK has granted carbon storage licences to oil major BP and Norway’s Equinor for four new sites in the North Sea, marking a key milestone for the development of the low-carbon East Coast Cluster project in northeast England. The licences grant BP and Equinor a window of up to eight years to carry out seismic surveys and drill wells to acquire data before applying for storage permits for the four sites, which are around 70km off the coast of Humberside. “This is a major milestone for the East Coast Cluster project that will make a tangible impact on the UK's climate change ambitions,” says Grete Tveit, senior vice-president for low-carbon solutions at Equinor. When combined with the nearb
Also in this section
12 November 2024
Standards have been agreed for a mechanism under Article 6.4 of the Paris Agreement to trade carbon credits internationally
8 November 2024
The energy sector will need all viable technologies to meet surging demand as AI and datacentres drain power grids
31 October 2024
Russia still aspires to become a major supplier of hydrogen, CO₂ storage capacity and carbon credits, despite financial constraints and the loss of Western technology and expertise
30 October 2024
Occidental subsidiary signs agreement with Enterprise Products Partners for pipelines and transport services for Bluebonnet hub