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[stemis] 12/4/2023 18:50

"A must read..
Christine Lagarde, President of the European Central Bank, let slip her plan to launch a "Digital Euro" in October that will give central banks control over how citizens can spend money.

Tulsi Gabbard explains to Tucker Carlson what impact that could have on freedom and liberty. Covid was just the start. Time to stand up and say we don't want or need your CBDC. You work for us not the WEF"

Ah, the WEF, beloved of conspiracy theorists world wide. I'm afraid the day we lost any influence over the European Central Bank was the day we left the EU (not that we had much, not being part of the European Monetary Union). You see, that's what Brexit mean't...

[sarkasm] 12/4/2023 18:08

Harbour Energy to offload 40% stake in Viking CCS project to BP


By NS Energy Staff Writer 12 Apr 2023

The CCS project is targeting the first CO2 storage as soon as 2027 and a reduction of 10 million tonnes of emissions per annum in the UK by 2030 and up to 15 million tonnes by the year 2035

The Viking CCS project is being developed in the Viking area of the southern North Sea. (Credit: Viking CCS)

Harbour Energy has agreed to offload a 40% stake in the Viking carbon capture and storage project (Viking CCS project) in the UK North Sea to oil and gas major BP.

The financial terms of the deal were not disclosed.

As per the terms of the agreement, Harbour Energy will continue as the operator of the CO2 transportation and storage project with a stake of 60%.

Located in the industrialised region of Humber, the Viking CCS project is targeting the first CO2 storage as soon as 2027 and a reduction of 10 million tonnes of emissions per annum in the UK by 2030 and up to 15 million tonnes by the year 2035.

The project can potentially cover one-third of the British government’s target to capture and store up to 30 million tonnes of CO2 a year by the end of this decade.

The deal with BP follows the recent decision of the government for launching Track 2 of its CCS cluster sequencing process. The UK government also identified the Viking CCS project as one of the two main transport and storage system contenders for the process.

According to Harbour Energy, over the next decade, the project could possibly bring in investment of up to £7bn across the entire CO2 capture, transport, and storage value chain over the next decade. Besides, it is expected to generate more than 10,000 jobs during construction, while delivering a projected gross value add (GVA) of £4bn to Humber and its neighbouring areas.

Harbour Energy CEO Linda Cook said: “We welcome the UK government’s recent announcement about the launch of Track 2 and the addition of bp as a partner to this transformational project. Viking CCS has the potential to unlock billions of pounds of investment across the full CCS value chain and is crucial for the UK to meet its emissions reduction targets.”

Based on the result of the Track 2 Cluster Sequencing Process, Harbour Energy expects to make a final investment decision on the CCS project in 2024.

The project could be operational as early as 2027 and potentially store up to 10 million tonnes of CO2 per year by 2030.

Harbour Energy and BP are already partners in the Lincolnshire Offshore Gas Gathering System (LOGGS) pipeline which is planned to be repurposed as part of the CCS project. This gives a low-cost opportunity for connecting customers to the depleted Viking gas fields, which are said to have a CO2 storage capacity of 300 million tonnes.

BP gas and low carbon energy executive vice president Anja Dotzenrath said: “We’re extremely excited to be joining Viking CCS, a project which can play an instrumental role in helping to decarbonise the UK and providing CO2 transport and storage as a service to emitters across industry sectors and geographies, including as a future CO2 shipping destination.”

[geckotheglorious] 12/4/2023 13:56

What are the vaccine conspiracies?

[geckotheglorious] 12/4/2023 13:56

Stemis
"Pretty much every climate scientist and organisation"

What about ALL the ones who have been censored?
It's all very well saying the science has been settled when you censor all those who disagree.

And FYI it most certainly hasnt been settled that Humankind is the main cause of climate change.

But the climate is changing, yes.

[stemis] 12/4/2023 13:48

Pretty much every climate scientist and organisation (you know, those who've spent their careers analysing the data and whose work is published in peer reviewed scientific publications) believes that climate change is real and that it's caused by human activity

[paulruss1] 12/4/2023 13:34

Stemis. Open the link with Elon being interviewed and do your own research with climate change. It seems obvious by your comments that you've been programmed to believe all what the television tells you to think..

[geckotheglorious] 12/4/2023 13:18

What vaccine conspiracies?

Climate change denial. Who is denying climate is changing? What we are denying is that Humans are the MAIN CAUSE!

[stemis] 12/4/2023 12:27

Climate change denial and vaccine conspiracy. It's not a full moon tonight is it?

[paulruss1] 12/4/2023 12:10

Great to see Elon Musk put the BBC in its place whilst being interviewed by the BBC. Asking them why the BBC spread misinformation about Covid and why didn't they report on the dangerous side effects of the mrna vaccines and the fact that masks don't work.. At last the truth is starting to spill out. See interview on link hxxps://vm.tiktok.com/ZMYGpkCxy/

[pj84] 11/4/2023 19:42

“BP will help develop one of the UK’s leading carbon capture projects as the Government hopes to accelerate development of the technology in its push for net zero.
The oil and gas giant is paying an undisclosed sum for a 40pc stake in the Viking carbon capture and storage (CCS) project owned by its North Sea rival Harbour Energy.
……………..”
“………BP has been investing in carbon capture as part of its push into cleaner energy, and is also developing a gas-fired power station, in Teesside, with the technology fitted.
……….”

[paulruss1] 11/4/2023 15:44

A must read..
Christine Lagarde, President of the European Central Bank, let slip her plan to launch a "Digital Euro" in October that will give central banks control over how citizens can spend money.

Tulsi Gabbard explains to Tucker Carlson what impact that could have on freedom and liberty. Covid was just the start. Time to stand up and say we don't want or need your CBDC. You work for us not the WEF

[gwatson56] 10/4/2023 15:49

I read that Exxon is shopping for a tie up. Pioneer noted as a possible target. It is also reported that Exxon are also looking at other opportunities. Last time I looked Exxon north of $450B, Pioneer circa $50B. BP is currently at $120B. I will not be the only one to wonder if a conversation took place with BL.

[gateside] 09/4/2023 20:29

Header updated with dates for quarterly results plus ex-dividend and dividend payment dates for 2023

[pander45] 06/4/2023 16:44

Weak today compared to shell, interesting.

[hellscream] 03/4/2023 17:00

no different adg, when the city of london hedge funds shorted the pound and made hundreds of millions of pounds in one day. during liz truss.

[adg] 03/4/2023 12:50

Would be interesting to see how many Russian and ME insiders would have benefited from insider knowledge to their “shock cut in production”

[younasm] 02/4/2023 21:43

Sensible with oil price falling from $125 to $65 bbl. Hopefully, the average this year will be $70-100 range.

[gwatson56] 02/4/2023 17:19

This effort to reduce production has a greater impact than an OPEC + reduction as that is on target output as allowed. This announcement is an actual barrel decrease. Bet Joe Biden must be regretting not buying some for the SPR last week. I wonder what will happen when URAL's exceeds $60. Will the west be 'hoisting their own petard' I again wonder.

[waldron] 01/4/2023 09:05

British oil and gas giant BP has decided to exit all its aviation activities at South African airports.

However, Shell has informed its aviation customers that it is committed to continue with its aviation fuel activities in the country.


Asked if it is exiting its aviation operations in SA because of the government's position on Russia, BP only it is "as a result of Air BP's current global business strategy".

[pj84] 31/3/2023 22:55

"Oil giant BP has emerged as one of the big winners from the Government’s ‘Green Day’ ambitions to shift away from fossil fuels towards cleaner alternatives.

Despite being a major global polluter, the British firm is involved in three projects fast-tracked for state support to drive a more environmentally friendly future.

At the heart of the plan is a controversial technology – ‘Carbon Capture and Storage’ (CCS) – where polluting carbon dioxide emissions are stored in huge caverns under the North Sea.

Carbon capture has been framed as a key tool to help the UK reach net-zero emissions by 2050, which could remove up to 50 per cent of the emissions from the country’s industry.

Ministers yesterday selected eight CCS projects across Teesside and north-west England to begin formal funding talks.

The Government wants them operating by the mid-2020s and two more by 2030.

The three BP projects include Britain’s first CCS power plant on Teesside, which, developed with Norwegian group Equinor, could produce enough electricity to power 1.3m homes a year.

BP-led projects to make low-carbon ‘blue hydrogen’ from natural gas with CCS and to make zero-carbon ‘green hydrogen’ through electrolysis on Teesside were also chosen. ......"