The targets require the full implementation of current laws, increased investment in future-proof technologies, and the integration of sustainability into all policies.

Uniper is actively assessing the retrofitting of post-combustion carbon capture technology at its Grain power station in Kent for this purpose.

The funds will facilitate the commercial demonstration of the technology at scale with selected industry partners in Alberta in 2025, with a planned commercial rollout in 2026.

Under the agreement, Cory commits to exclusive cooperation with the Viking CCS project, focusing on exploring the potential transportation and storage of captured CO2 into the Viking CO2 transportation and storage project through ABP's Port of Immingham.

he investment underscores Yinson's commitment to lower greenhouse gas emissions from its offshore operations and positions Ionada's technology as a key tool in the decarbonization of FPSO (Floating Production, Storage, and Offloading) operations.

As COP28 unfolds, a groundbreaking development has emerged with 50 global oil and gas companies signing the Oil and Gas Decarbonization Charter (OGDC), marking a historic commitment to accelerate climate action.

This declaration solidifies these nations' recognition of carbon capture, utilization, and storage (CCUS) as a crucial climate tool, marking a pivotal step towards establishing a unified European market for CCUS.

The European Commission has earmarked £3.22 billion in funding through its Innovation Fund for projects aimed at reducing greenhouse gas emissions and expanding clean power component production.

The company will apply its expertise in offshore platform structural analysis, brownfield engineering, and asset life extension to assess the viability of the structure and guide necessary modifications.

The Orion project encompasses two carbon storage licenses, CS017 and CS018, covering the decommissioned Amethyst and depleted West Sole gas fields operated by Perenco UK.