Connection

popular articles

SBM Offshore and Technip Energies launch Ekwil, a JV dedicated to offshore wind energy
220,000 acres in Nevada open to geothermal exploration
Sinopec cuts crude processing, impact on imports expected
Pipeline fire near Houston impacts natural liquids market
French Banks Continue Investing in Coal through 2023

Viking CCS Project: a response to the UK’s CCS objectives

BP is acquiring a 40% stake in the Viking CCS project for carbon capture and storage, which is expected to meet one-third of the UK's CCS targets by 2030, with a final investment decision expected in 2024.

Please share:

The Viking carbon capture and storage (CCS) project sees BP acquire a 40% stake. The project is expected to be operational by 2027, according to an announcement by British energy company Harbour Energy on April 11.

The Viking CCS Project: A Net Zero “SuperPlace” in the Humber Region

The project, located in the North Sea near the Humber region, is expected to meet one-third of the UK’s CCS targets by 2030. The CCS project involves transporting CO2 through a newly constructed pipeline to offshore storage sites, using the decommissioned Lincoln offshore gas gathering system.

The project aims to create a net-zero “SuperPlace” in the Humber region, combining green power generation and CCS infrastructure. It has access to a planned CO2 shipping terminal in Immingham, developed in partnership with Associated British Ports.

The Viking CCS project was recognized by the UK government as one of the top two candidates in the Transportation and Storage Systems (T&S) category of its CCS Track cluster sequencing process 2. The government aims to establish two T&S systems located in the UK, following the HyNet and East Coast Cluster proposals, which are part of the Track 1 cluster. A final investment decision on the Viking CCS project is expected in 2024, subject to the outcome of the Track 2 process.

A competitive alternative to alkaline electrolysis hydrogen

Harbour Energy retains a 60% stake in the project, which has the potential to unlock around £7 billion ($8.7 billion) of investment across the CO2 capture, transport and storage value chain over the next decade and could provide up to £4 billion in gross value added to the Humber region.

“Viking CCS has the potential to unlock billions of pounds of investment across the CCS value chain and is crucial for the UK to meet its emissions reduction targets,” said Harbour CEO Linda Cook.

BP’s senior vice president for Europe and UK country manager, Louise Kingham, says the Viking CCS project could help create thousands of local jobs and enable supply chains that support the growth of CCS in the UK.

Platts priced blue hydrogen (ATR with CCS, including capex, Netherlands) at EUR 3.35/kg (USD 3.65/kg) on April 6, while alkaline electrolysis hydrogen (including capex, Netherlands) was priced at EUR 6.45/kg.

Register free of charge for uninterrupted access.

Publicite

Latest news

The United States Grants Two Subsidies for Nuclear Projects in Bulgaria
Flamanville’s EPR: 20 Years of Challenges for a New Energy Hope
The EU Introduces a CO2 Label for Air Travel
Westinghouse signs a 20 billion CAD agreement for nuclear projects in Canada
National Grid: a record £35 billion investment to modernize the UK’s electricity grid

Recently published in

Chevron obtains a permit in Australia to explore CO₂ storage over 2,222 km²

Chevron and its partners, Shell and Mobil, are exploring the geological storage of CO₂ off the coast of Australia, a key project for emissions management in the Carnarvon Basin.
Technip Energies and LanzaTech secure 200 million USD to recycle CO2 in the U.S. Gulf region
The U.S. Department of Energy is funding a 200 million USD project led by Technip Energies and LanzaTech to convert captured CO2 into ethanol and ethylene, reducing the carbon footprint of the chemical industry.
en_1140964540
Technip Energies and LanzaTech secure 200 million USD to recycle CO2 in the U.S. Gulf region
The U.S. Department of Energy is funding a 200 million USD project led by Technip Energies and LanzaTech to convert captured CO2 into ethanol and ethylene, reducing the carbon footprint of the chemical industry.
en_1140964540
China: Ambitious Expansion of Carbon Markets Planned for 2025
In 2025, China plans to expand its carbon market by integrating steel, cement, and aluminum sectors while introducing new methodologies for carbon credits. A strategic overhaul will also aim to better address international requirements.
en_1140865540
China: Ambitious Expansion of Carbon Markets Planned for 2025
In 2025, China plans to expand its carbon market by integrating steel, cement, and aluminum sectors while introducing new methodologies for carbon credits. A strategic overhaul will also aim to better address international requirements.
en_1140865540
Technip Energies wins a billion-dollar contract for a gas-fired carbon capture plant in the UK
Technip Energies, in partnership with GE Vernova and Balfour Beatty, is building the UK’s first gas-fired plant equipped with a carbon capture system, marking a significant step in reducing industrial emissions.
en_1140829540
Technip Energies wins a billion-dollar contract for a gas-fired carbon capture plant in the UK
Technip Energies, in partnership with GE Vernova and Balfour Beatty, is building the UK’s first gas-fired plant equipped with a carbon capture system, marking a significant step in reducing industrial emissions.
en_1140829540

Maritime transport: a pillar for cross-border CO2 capture

Maritime transport is essential to cross-border carbon capture and storage initiatives in Asia-Pacific, with projected annual volumes reaching 100 million tons by 2050.
Australian Carbon Credits Surge: A Market Under Pressure in 2025
With annual emissions thresholds declining and methodological delays, carbon credit prices in Australia are expected to soar in 2025, drawing attention from market players.
en_1140785540
Australian Carbon Credits Surge: A Market Under Pressure in 2025
With annual emissions thresholds declining and methodological delays, carbon credit prices in Australia are expected to soar in 2025, drawing attention from market players.
en_1140785540
SLB Capturi inaugurates the world’s first industrial carbon capture plant at a cement facility
SLB Capturi has completed the construction of the world's first industrial-scale carbon capture plant for Heidelberg Materials in Norway. A major breakthrough that will reduce up to 400,000 tons of CO2 annually in the cement sector.
en_1140712540
SLB Capturi inaugurates the world’s first industrial carbon capture plant at a cement facility
SLB Capturi has completed the construction of the world's first industrial-scale carbon capture plant for Heidelberg Materials in Norway. A major breakthrough that will reduce up to 400,000 tons of CO2 annually in the cement sector.
en_1140712540
Australia Needs to Reduce 15 Mt of Emissions Annually to Reach 2030 Target
Australia must cut 15 megatons of its annual emissions to achieve its 43% reduction target by 2030. Investment mechanisms and carbon credits will play a key role in this ambitious effort.
en_1140659540
Australia Needs to Reduce 15 Mt of Emissions Annually to Reach 2030 Target
Australia must cut 15 megatons of its annual emissions to achieve its 43% reduction target by 2030. Investment mechanisms and carbon credits will play a key role in this ambitious effort.
en_1140659540

New Zealand: Partial Sale Expected for Final 2024 Carbon Auction

New Zealand's final carbon auction of 2024, scheduled for December 4, is expected to see partial clearance, with prices exceeding NZ$64/tCO2e and an anticipated increase for 2025.
Western Australia accelerates its CCUS plan with a $16.9 million grant
Western Australia unveils an ambitious action plan for carbon capture, storage, and utilization (CCUS), supported by $16.9 million in funding, aiming to achieve carbon neutrality while boosting its economy.
en_1140566540
Western Australia accelerates its CCUS plan with a $16.9 million grant
Western Australia unveils an ambitious action plan for carbon capture, storage, and utilization (CCUS), supported by $16.9 million in funding, aiming to achieve carbon neutrality while boosting its economy.
en_1140566540
COP29: Adoption of Article 6 Rules
COP29 marks a milestone for carbon markets with the adoption of crucial rules for Article 6 of the Paris Agreement. These advancements promise transparency and attractiveness for international carbon credits.
en_1140563540
COP29: Adoption of Article 6 Rules
COP29 marks a milestone for carbon markets with the adoption of crucial rules for Article 6 of the Paris Agreement. These advancements promise transparency and attractiveness for international carbon credits.
en_1140563540
Hanwha Power Systems and TC Energy partner to develop sCO₂ energy generation
Hanwha Power Systems and TC Energy collaborate to commercialize a waste heat recovery technology based on supercritical CO₂, aiming to produce zero-carbon energy within pipeline infrastructures.
en_1140569540
Hanwha Power Systems and TC Energy partner to develop sCO₂ energy generation
Hanwha Power Systems and TC Energy collaborate to commercialize a waste heat recovery technology based on supercritical CO₂, aiming to produce zero-carbon energy within pipeline infrastructures.
en_1140569540

India: A Carbon Market to Reduce Industrial Emissions

India is preparing to launch an ambitious Carbon Credit Trading Scheme (CCTS) focused on reducing industrial emissions intensity. This initiative, planned for 2026-27, could transform emission management nationwide.
The EU Approves a Certification Framework for Carbon Capture
The European Council has approved a regulatory framework to certify carbon capture and storage activities, a significant milestone toward the EU's 2050 carbon neutrality target.
en_1140534540
The EU Approves a Certification Framework for Carbon Capture
The European Council has approved a regulatory framework to certify carbon capture and storage activities, a significant milestone toward the EU's 2050 carbon neutrality target.
en_1140534540
Indonesia and Japan: First Bilateral Mutual Recognition Agreement for Carbon Trading
Indonesia and Japan establish a historic collaboration for carbon credit trading under the Paris Agreement, enhancing transparency and international environmental standards.
en_1140451540
Indonesia and Japan: First Bilateral Mutual Recognition Agreement for Carbon Trading
Indonesia and Japan establish a historic collaboration for carbon credit trading under the Paris Agreement, enhancing transparency and international environmental standards.
en_1140451540
Saudi Arabia: Launch of a Carbon Credit Exchange to Support Decarbonization Efforts
Saudi Arabia, the world’s largest oil exporter, has inaugurated its first carbon credit exchange platform during COP29 in Baku, aiming to bolster its decarbonization efforts and diversify its economy.
en_1140404540
Saudi Arabia: Launch of a Carbon Credit Exchange to Support Decarbonization Efforts
Saudi Arabia, the world’s largest oil exporter, has inaugurated its first carbon credit exchange platform during COP29 in Baku, aiming to bolster its decarbonization efforts and diversify its economy.
en_1140404540

Occidental develops a CO₂ pipeline network in Southeast Texas

Occidental Petroleum, in partnership with Enterprise Products Partners, is setting up a CO₂ pipeline network in Southeast Texas to transport captured emissions, thus supporting carbon capture and storage projects in the Houston area.
EUs CBAM: Limited Impact on Asian Voluntary Carbon Credits and Product Prices
The European Union's Carbon Border Adjustment Mechanism (CBAM) could have little effect on Asia’s voluntary carbon market and minimal impact on finished product prices, according to experts at the Asia Climate Summit.
en_1140148540
EUs CBAM: Limited Impact on Asian Voluntary Carbon Credits and Product Prices
The European Union's Carbon Border Adjustment Mechanism (CBAM) could have little effect on Asia’s voluntary carbon market and minimal impact on finished product prices, according to experts at the Asia Climate Summit.
en_1140148540
The Asia-Pacific Faces Carbon Capture Challenges to Reduce Upstream Emissions
With growing emissions in the oil and gas sectors, the Asia-Pacific is exploring carbon capture and storage (CCS) solutions to meet climate goals, but the lack of a unified strategic framework hinders progress.
en_1140143540
The Asia-Pacific Faces Carbon Capture Challenges to Reduce Upstream Emissions
With growing emissions in the oil and gas sectors, the Asia-Pacific is exploring carbon capture and storage (CCS) solutions to meet climate goals, but the lack of a unified strategic framework hinders progress.
en_1140143540
France: Abandon of the Pycasso Project, a Contested Strategy for the Lacq Basin
The Pycasso project, aimed at storing CO2 to decarbonize industry in the Lacq Basin, has been abandoned. A lack of dialogue and risks to existing industries were key factors in this controversial decision.
en_1140141540
France: Abandon of the Pycasso Project, a Contested Strategy for the Lacq Basin
The Pycasso project, aimed at storing CO2 to decarbonize industry in the Lacq Basin, has been abandoned. A lack of dialogue and risks to existing industries were key factors in this controversial decision.
en_1140141540

Singapore Co-Funds Studies on Carbon Capture and Storage (CCS): A Step Towards Carbon Neutrality by 2050

Singapore is stepping up its efforts to achieve carbon neutrality by 2050 by co-funding feasibility studies on carbon capture and storage (CCS) in its power plants. This key project aims to reduce emissions while ensuring the country's energy security.
Malaysia Sets 2026 Carbon Tax, Reaffirms Decarbonization Goals in Budget 2025
Malaysia will introduce a carbon tax in 2026 targeting the steel, iron, and energy industries, in line with its emission reduction ambitions. This measure aligns with the EU's Carbon Border Adjustment Mechanism.
en_114050540
Malaysia Sets 2026 Carbon Tax, Reaffirms Decarbonization Goals in Budget 2025
Malaysia will introduce a carbon tax in 2026 targeting the steel, iron, and energy industries, in line with its emission reduction ambitions. This measure aligns with the EU's Carbon Border Adjustment Mechanism.
en_114050540
Strong growth of carbon capture and storage projects in 2024
Industrial carbon capture and storage (CCS) initiatives have seen significant growth in 2024, reaching 628 global projects. This expansion is supported by public policies and strengthened international collaboration.
en_1140880923540
Strong growth of carbon capture and storage projects in 2024
Industrial carbon capture and storage (CCS) initiatives have seen significant growth in 2024, reaching 628 global projects. This expansion is supported by public policies and strengthened international collaboration.
en_1140880923540
The UN Adopts Pioneering Standards to Accelerate the Voluntary Carbon Market
The body overseeing Article 6.4 of the Paris Agreement has adopted unprecedented standards for project methodologies and carbon removals, facilitating the operationalization of global voluntary carbon markets.
en_1140660799540
The UN Adopts Pioneering Standards to Accelerate the Voluntary Carbon Market
The body overseeing Article 6.4 of the Paris Agreement has adopted unprecedented standards for project methodologies and carbon removals, facilitating the operationalization of global voluntary carbon markets.
en_1140660799540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS