We use cookies
To help provide you with a good experience on our website. By continuing to browse the website, you are agreeing to our use of cookies.

Britain’s Harbour energy, BP to develop Viking CCS project

GO NET ZERO ENERGY

Britain’s Harbour energy, BP to develop Viking CCS project

Harbour Energy, Britain's largest oil and gas producer, said on Tuesday it has entered into an agreement with BP to develop the Viking CCS transportation and storage project.

Source: Auto Economictimes Indiatimes

Harbour will continue as operator of Viking CCS with a 60% interest, with BP acquiring a 40% non-operated share, the company said in a statement.

The announcement follows the UK's recent decision to launch the "Track 2" cluster sequencing process for carbon capture and storage (CCS), a technology that removes carbon dioxide emissions from the atmosphere and stores it underground.

Efforts to remove carbon dioxide from the atmosphere and put it in underground storage have gained steam across Europe over the past few years as industries and governments seek to reduce emissions to meet their climate goals.

Harbour said the government recognises Viking CCS as one of the leading transport and storage system contenders for this process, and that a final investment decision on the project is expected in 2024, subject to the outcome of the Track 2 CCS.

Relevant news

GO NET ZERO ENERGY
BP chooses Doris for offshore wind projects
Doris is pleased to be framework awarded global agreement by BP.
GO NET ZERO ENERGY
Porthos gets green light from Dutch Council of State for CO2 storage
The first major CO2 transport and storage project in the Netherlands can go ahead now.
GO HYDROGEN
bp ventures leads $12.5M Series A investment in Advanced Ionics for green hydrogen innovation
Advanced Ionics, closed a financing led by bp ventures, with additional investors including Mitsubishi Heavy Industries, and GVP Climate.
GO NET ZERO ENERGY
UK confirms Track 2 status for CCUS projects and new oil and gas licences
THE UK government has unveiled plans for two new carbon capture and storage (CCS) facilities. 
GO NET ZERO ENERGY
Exxon boosts low-carbon efforts with $4.9bn deal for Denbury
ExxonMobil has acquire Denbury, an experienced developer of carbon capture, utilization and storage.
GO DIGITAL ENERGY
How do you see emerging technologies, such as Al, influencing the energy sector in the next decade?
Interview with Uthman Ali, Product Analyst - AI ethics SME, BP at the 7th Go Digital Energy Conference in Amsterdam.