Wintershall breaks into UK CCS market
German independent oil and gas firm secures licence to develop storage in Camelot area of North Sea in breakthrough for its growing carbon management business
German oil and gas company Wintershall DEA has broken into the UK CCS market by securing a licence to develop storage capacity in the Camelot area of the North Sea. The Camelot licence, awarded by UK regulator the North Sea Transition Authority, covers a combination of depleted gas fields and an overlying saline aquifer, giving a potential storage capacity of up to 6mn t. Wintershall will hold a 50% stake in the project together with Australia-based Synergia Energy, which will be project operator in the appraisal phase. Access to the UK’s rapidly developing CCS market is a significant breakthrough for Wintershall, which aims to make carbon management a mainstay of its business as it regroups
Also in this section
8 November 2024
The energy sector will need all viable technologies to meet surging demand as AI and datacentres drain power grids
31 October 2024
Russia still aspires to become a major supplier of hydrogen, CO₂ storage capacity and carbon credits, despite financial constraints and the loss of Western technology and expertise
30 October 2024
Occidental subsidiary signs agreement with Enterprise Products Partners for pipelines and transport services for Bluebonnet hub
23 October 2024
Next government faces the difficult task of balancing decarbonisation ambitions with energy security realities