Energy News
UK regulator hands over North Sea carbon storage licences to BP and Equinor
In a bid to reach net-zero greenhouse gas emissions by 2050, UK’s regulator North Sea Transition Authority (NSTA) has awarded two carbon storage (CS) licences in the Southern North Sea to energy giants BP and Equinor. These licences, which could store up to 23 million tonnes pa (Mtpa) of CO2 by 2038, bring the total number of CS licences on the UK Continental Shelf (UKCS) to six.