Last month, projects funded under the ERA-NET Accelerating CCS Technologies (ACT) programme came together at RWE’s Niederaussem power plant in Bergheim, Germany, for the annual knowledge sharing workshop.
As major oil and gas fields mature and new discoveries become limited, many companies decide to decommission their offshore assets, such as platforms, wells, and pipelines. The North Sea has, in recent years, seen an increase in decommissioning activities, costing around £800 million (€900m) in 2014 and £1.1 billion (€1.4bn) in 2015. These activities are estimated to cost around £47bn (€53bn) overall by 2050, with an uncertainty of +/- 40% (Oil & Gas Authority, 2016). Given the current structure of the UK tax regime, much of these costs are ultimately born by the taxpayer.
On 1 May I started my very own energy transition. There was no drastic fuel switching, just focus switching, as I moved from working on public and community engagement for carbon capture and storage (CCS) at the Global CCS Institute to become the latest recruit at Pale Blue Dot Energy.
Having worked with CCS for nearly a decade, I no longer get particularly phased by talk of ‘challenges’, but day one of the new job and I came across a new one.
"Kirsty, we’ve put you down to host a webinar on the ACT Acorn project" – interesting…