Latest news
North Sea major files for CO2 storage licence as part of UK’s net-zero journey
North Sea oil and gas independent Chrysaor has submitted a licence application for the purpose of storing CO2 in a depleted reservoir in the North Sea off the UK.
read more... 11/11/2020
Global CO2 emissions show biggest ever drop in first half of 2020
Global carbon dioxide emissions fell by 8.8% in the first six months of this year, the biggest drop for a first half-year period, due to the effects of coronavius-related restrictions, a study showed on Wednesday.
read more... 15/10/2020
France’s ‘imported emissions’ are 70% higher than domestic CO2 output
To fall in line with the Paris Agreement and limit global warming to 1.5°C, France’s imported emissions should fall by 65% by 2050, according to the latest report by the country’s High Climate Council published on Tuesday
read more... 07/10/2020
Daily (28.09.2020): European CO2 prices lost 2.3% on Friday, due to a weak auction and a bearish energy market
Daily (28.09.2020): European CO2 prices lost 2.3% on Friday, due to a weak auction and a bearish energy market
read more... 28/09/2020
The Electrification Of UK Offshore Oil & Gas
The British government has set a goal to reach net zero emissions by 2050. Electrification of oil and gas platforms on the UK continental shelf (UKCS) should play an important role in efforts to achieve this target, as a Rystad Energy analysis shows that UK oil and gas production will remain significant for decades to come. After a small decline over the next several years, output forecast to rebound to approximately 2 million barrels of oil equivalent per day by around 2035. UK emissions from oil and gas production in the North Sea are the highest among the region’s producers, reaching 13.1 million tonnes of CO2 in 2019, according to Rystad Energy emission data. Extraction emissions account for 10.1 million tonnes of CO2, with flaring making up the rest.
read more... 21/09/2020