UK licence awards set stage for CO₂ storage push
Shell, Eni and independent operator Enquest dominate list of new licences as UK ramps up offshore storage push
Shell, Italy’s Eni and independent operator Enquest have positioned themselves as leading players in the development of carbon storage in the UK North Sea. The three companies feature prominently in a list of 21 confirmed storage licences awarded to 14 companies in the UK’s inaugural licensing round, according to regulator the North Sea Transition Authority (NSTA). Shell has three outright licences—including areas in the Southern North Sea Sean and Indefatigable fields—and interests in two licences held by Storegga-owned Pale Blue Dot Energy, including the Acorn project in the Central North Sea. Enquest has four licences in the north, while Eni has a licence in the southern section. Independ
Also in this section
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions
10 December 2024
Tightened standards have helped improve the outlook for the voluntary carbon market, which is set for a record year and poised for long-term growth