OIL industry watchdog the Oil and Gas Authority (OGA) has awarded an Aberdeenshire company its first carbon dioxide (CO2) appraisal and storage licence as an independent regulator, for the development of the country’s first carbon capture and storage (CCS) project. Banchory-based Pale Blue Dot Energy (PBD) won the licence for its Acorn CCS project, which aims to reuse existing oil and gas infrastructure to transport and store CO2 and to repurpose or rebuild an existing CO2 facility at the St Fergus gas terminal near Peterhead. The “initial term” licence has been awarded to PBD for a four-year period and will allow the company to undertake offshore exploration to select a storage site.
The National 7th Dec 2018 read more »