The price of EU Allowance credits (EUAs) increased rapidly in 2018. A lot of credits were put in the bank, but not only because they were needed by emitters. The main reasons for the rise were anticipation of the Market Stability Reserve (MSR), front running hedging by emitters, limited fuel switching and the entry into…
The UK Southern North Sea (SNS) has the perfect conditions for the development of Gas to Wire for the UK. Fields and infrastructure are reaching end of economic life and require expensive decommissioning, natural gas is stranded and looking for an alternative route to shore, and due to new offshore renewables infrastructure, such a route…
The Oil and Gas Authority (OGA) revealed today it has begun investigating how to power North Sea oil and gas assets with renewable energy sources.
The analysis, aimed to increase economic growth in the North Sea region, will explore how operators can limit emissions and create a collaboration between the Scottish oil and gas and renewable energy industries.
The study includes assessments of oil platform electrification, gas-to-wire technology, carbon capture and storage (CSS), hydrogen power, as well as opportunities for North Sea power hubs.
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