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Big Oil’s $1.2 Trillion Bet? WoodMac Predicts CCUS Market Surge

OilPrice

Global research and consultancy group Wood Mackenzie has predicted that the global Carbon Capture, Utilisation and Storage (CCUS) market will surge 28-fold by 2050 to 2,061 million tonnes per annum, surpassing trillions of dollars in value. According to WoodMac, countries across the globe led by U.S.,

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Hormuz Tensions Drive European Diesel Prices Higher

OilPrice

Supply-security fears are driving the surge in European diesel prices," Eugene Lindell, head of refined products at energy consultancy FGE NexantECA, told Bloomberg. Many importers are rushing…

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Competition and Policy Woes Impact UK Biodiesel Sector

OilPrice

The Greenergy plant in Lincolnshire, which is thought to produce as much as a quarter of the UK’s biodiesel, on Thursday confirmed it would begin consultation on a proposal to cease production. One of Britain’s biggest biodiesel plants is preparing to shut down in the latest blow to the government’s industrial strategy.

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UK Rejects Zonal Energy Pricing System

OilPrice

Consultation on a zonal energy pricing system lasted three years. Ed Miliband’s Department for Energy Security and Net Zero has opted to reform the existing system by reviewing the way transmission charges work and incentivising the private sector to invest in renewable energy in areas of higher demand.

Energy 243
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Scotland Launches Offshore Wind Consultation

Offshore Engineer

Scottish government has launched a consultation on the updated draft marine plan to inform offshore wind developments in Scotland.The public consultation, running until August 22…

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OEUK responds to consultation for increasing Scotland’s offshore wind ambition

Offshore Energies UK

Leading trade body Offshore Energies UK (OEUK) has today responded to the opening of a consultation that seeks views on increasing Scotland’s offshore wind ambition by to up to 40 gigawatts (GW) by 2040. We will work with our members and respond to the consultation in due course.”

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Alberta to hold nuclear power consultations as reactor companies weigh opportunities

BOE Report

CALGARY – Alberta plans to hold public consultations this fall on adding nuclear power to the province’s energy mix, Premier Danielle Smith said Monday.