• Upstream
  • Pipelines & Transport
  • Downstream
Saturday, October 11, 2025
Oil&Gas Advancement
OFFSHORE ENERGY
  • Home
  • News
    Key Offshore Block of Shell

    QatarEnergy Buys Share in a Key Offshore Block of Shell

    U.S. Crude Oil Exports

    U.S. Crude Oil Exports Hit Highest Mark Since February 2024

    Natural Gas to China at Lower Prices

    Russia Indicates Natural Gas to China at Lower Prices

    First Oil Production

    U.S. Gulf Achieves First Oil Production Milestone

    Tamboran to acquire Falcon Oil Gas

    Tamboran to Acquire Falcon Oil & Gas in Australia

    Subsea Production Systems

    TechnipFMC Gets Petrobras Subsea Production Systems Deal

    Energy Security of the UK

    £830mn Gas Storage Project for Energy Security of the UK

    Frontier Exploration to Grow

    Global Oil And Gas Majors Push Frontier Exploration to Grow

    Nitzana Natural Gas Pipeline

    Chevron & Israel Team to Build Nitzana Natural Gas Pipeline

  • Projects
    Tamboran to acquire Falcon Oil Gas

    Tamboran to Acquire Falcon Oil & Gas in Australia

    Subsea Production Systems

    TechnipFMC Gets Petrobras Subsea Production Systems Deal

    Oil and Gas Exploration

    Egypt Signs 3 Deals worth Over $121M for Oil and Gas Exploration

    13bn Worth Iraq Project

    QatarEnergy, TotalEnergies Partner $13bn Worth Iraq Project

    25 Billion LNG Project

    McDermott Gets Key Contract for $25 Billion LNG Project

    4bn New Israeli Gas Offtake Contracts

    Energean Lands $4bn New Israeli Gas Offtake Contracts

    LNG Procurement and Trading

    Singapore-China Apply Cap on LNG Procurement and Trading

    Production Sharing Contract of Nigeria

    Production-Sharing Contract of Nigeria with TotalEnergies

    First Arctic LNG 2 Gas Delivery

    First Arctic LNG 2 Gas Delivery from Russia to China Starts

  • Whitepapers

    OGA 2017 Post Show Report

    US Polyethylene Export Market Report 2017-2020

    US Polyethylene Export Market Report 2017-2020

    Embedded SSD Flash Management

    Enterprise SSD: More Than Just a New Kind of Hard Drive

    Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

    Don’t Miss the Unconventional Resource Revolution’s Next Wave

    Better Safety, Better Business: Maintain Compliance and Drive Revenue: Put All of Your Data to Work

    Breaking the Application Barrier: Why Data is the Most Valuable Asset in the Oil and Gas Industry

    Drilling Optimization Through Advanced Analytics Using Historical and Real-Time Data

  • Press Releases
    Cloudera and Aramco Plan to Collaborate on AI driven Digital Innovation in Saudi Arabia

    Cloudera and Aramco Plan to Collaborate on AI-driven Digital Innovation in Saudi Arabia

    Youth-Empowerment at Namibia Oil and Gas Conference 2025

    Namibia Oil and Gas Conference 2025 Announces Future Generations Masterclass in Partnership with the Namibia Youth Energy Forum

    Alaska LNG

    Glenfarne Announces Over $115 Billion of Strategic Partner Interest for Alaska LNG

    agreements with US companies

    Aramco announces 34 MoUs and agreements with US companies

    Sinopec Sets New Vertical Well Depth

    Sinopec Sets New Vertical Well Depth Record of 5,300 Meters

    Jubail Asset Integrity

    Jubail to Host the 3rd Asset Integrity and Process Safety Conference & Exhibition 2025

    IPTC 2025 Launched: Driving Innovation, Sustainability, and Excellence in Energy

    Ocean Business announces exhibitor list for 2025 show

    Ocean Business 2025 conference programme announced

  • Market Reports
    AI Technology Maturing the Oil and Gas Workforce

    AI & Technology Maturing the Oil and Gas Workforce

    HDPE Market in Oil and Gas

    HDPE Market in Oil and Gas: Trends and Global Forecast

    Top 5 Oil and Gas Sector Trends that are Active in 2025

    Oil-and-Gas-Analytics

    Oil and Gas Analytics Market Growth Trends and Forecast

    Gas-Transportation

    Transport Capacity – Key to Gas Sector Growth in India

    Offshore-Drilling

    Namibia Showcases its Offshore Drilling Activities

    Global-Oil

    Demand for Global Oil to Grow to Almost 104 mb/d in 2025

    ExxonMobil to sell Norway upstream operations for $4.5 billion

    ExxonMobil completes acquisition of Pioneer Natural Resources

    Ithaca Energy unit to acquire Chevron’s Central North Sea assets

    ExxonMobil doubles Permian footprint after finalizing Pioneer acquisition

  • Events
  • Contact Us
No Result
View All Result
Oil&Gas Advancement
No Result
View All Result
Home Press Releases

Cnooc’s Buzzard platform could feed into carbon capture project

in Press Releases
CNOOC Limited Announces Penglai 19-3 Oilfield Area 4 Oilfield Phase II Project Commences Production
Share on FacebookShare on Twitter

Chinese oil firm Cnooc’s Buzzard platform in the UK North Sea may have a role to play in a flagship carbon capture and storage (CCS) project, developers have said.

Ian Phillips, director of the Acorn CCS and hydrogen scheme, said discussions were being held with Cnooc about the possibility of using Buzzard as an “intermediate station to provide subsea control” for the offshore leg of the project.

Partners are also “exploring the idea” of deploying an “isolated power buoy” which could provide control, Mr Phillips said on Thursday during a webinar.

The Buzzard platform sits about 1.2 miles from a section of the Goldeneye pipeline, which could be used to transport carbon dioxide from the St Fergus gas terminal, near Peterhead, to the depleted Goldeneye reservoir for storage as part of the Acorn project.

Aberdeenshire-based firm Pale Blue Dot (PBD) is leading the way on Acorn, which, to date, has received funding support from oil and gas firms Chrysaor, Shell and Total, the UK and Scottish Governments, and the EU.

Costain and Petrofac were recently chosen to support the design front-end engineering design (FEED) stage of the project.

Mr Phillips said FEED work would soon get under way and should finish around the second quarter of 2021.

A final investment decision (FID) will be taken no earlier than late-2021, he said, adding that Acorn would not yield many procurement opportunities before 2022.

Mr Phillips said Acorn partners hoped to start carbon dioxide injection in 2024, but acknowledged the timeline was unavoidably “woolly” at this stage.

He said there is currently “no market” for carbon disposal and that work with government was on-going to “land” the commercial model that would get major CCS projects up and running in the UK.

Mr Phillips compared the situation to the advent of the offshore wind industry.

The contracts for difference subsidy scheme was created to help develop the offshore wind market and Mr Phillips expects a “similar process” to play out with CCS.

He said CCS projects, particularly in their early days, would place a burden on taxpayers and that, as such, Acorn had an obligation to deliver value for money.

Acorn will also be competing with a number of other UK CCS projects for funding support and, therefore, needs to demonstrate its competitiveness.

Mr Phillips said Acorn partners did not expect to buy much newly-developed technology for the CCS and hydrogen plants at St Fergus.

“Our aim is to use technologies we can be confident of,” he said. “Given that we’ll be spending north of £500m on this, you wouldn’t expect me to say anything different.

“Certainty of operation and certainty of revenue is critical. We will be procuring equipment and going for what is the best and most competitive option.”

He also said there was no obligation to prioritise procurement from the UK supply chain. And Mr Phillips spoke about the UK CCS industry’s “false dawns”.

A project involving Shell and SSE at Peterhead Power Station had been competing with a scheme in North Yorkshire for funding in 2015, only for the £1 billion grant to be withdrawn, scuppering the project.

Mr Phillips said things “felt different” this time as the issue of climate change had become more visible, generating more political will and hunger to deliver low-carbon solutions.

>>>.

 

Previous Post

Red Butte launches open season for Wyoming pipeline refurbishment

Next Post

Lukoil lets contract for petrochemical unit at Nizhny Novgorod refinery

Related Posts

Cloudera and Aramco Plan to Collaborate on AI driven Digital Innovation in Saudi Arabia
Press Releases

Cloudera and Aramco Plan to Collaborate on AI-driven Digital Innovation in Saudi Arabia

July 31, 2025
Youth-Empowerment at Namibia Oil and Gas Conference 2025
Press Releases

Namibia Oil and Gas Conference 2025 Announces Future Generations Masterclass in Partnership with the Namibia Youth Energy Forum

July 18, 2025
Alaska LNG
Pipelines & Transport

Glenfarne Announces Over $115 Billion of Strategic Partner Interest for Alaska LNG

June 4, 2025
agreements with US companies
America

Aramco announces 34 MoUs and agreements with US companies

May 21, 2025
Sinopec Sets New Vertical Well Depth
Drilling

Sinopec Sets New Vertical Well Depth Record of 5,300 Meters

May 21, 2025
Jubail Asset Integrity
Press Releases

Jubail to Host the 3rd Asset Integrity and Process Safety Conference & Exhibition 2025

May 15, 2025
Next Post
LUKOIL oil project Caspian Sea

Lukoil lets contract for petrochemical unit at Nizhny Novgorod refinery

LatestNews

U.S. Crude Oil Exports
Downstream

U.S. Crude Oil Exports Hit Highest Mark Since February 2024

October 6, 2025
Natural Gas to China at Lower Prices
Downstream

Russia Indicates Natural Gas to China at Lower Prices

October 4, 2025
First Oil Production
News

U.S. Gulf Achieves First Oil Production Milestone

October 4, 2025
Tamboran to acquire Falcon Oil Gas
Asia Pacific

Tamboran to Acquire Falcon Oil & Gas in Australia

October 3, 2025
Subsea Production Systems
America

TechnipFMC Gets Petrobras Subsea Production Systems Deal

October 3, 2025
Energy Security of the UK
Gases

£830mn Gas Storage Project for Energy Security of the UK

September 29, 2025

About Us

Oil & Gas Advancement is a specialized platform delivering latest news and industry insights for the global oil and gas sector. Featuring market intelligence, expert opinions, events and updates, it serves as a trusted and strategic resource for industry stakeholders navigating energy transitions.

Subscribe Us

Resources

  • Advertise with us
  • Contact Us
  • Newsletter Archive
  • Download Mediapack

System

  • Search
  • Site Map
  • RSS Feed
  • Upstream
  • Pipelines & Transport
  • Downstream

© 2025 Copyright Valuemediaservices 2025 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Projects
  • Whitepapers
  • Press Releases
  • Market Reports
  • Events
  • Contact Us

© 2025 Copyright Valuemediaservices 2025 All rights reserved.