Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Saudi Aramco Signs Long-Term LNG Supply Agreement in Louisiana

January 15, 2026

Cargoes Stranded at Sea, ETEnergyworld

January 15, 2026

MidOcean Energy in Talks to Join Argentina LNG

January 15, 2026
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » Carbon Capture Journal
Carbon Capture

Carbon Capture Journal

omc_adminBy omc_adminDecember 16, 2025No Comments4 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link



The areas which will be offered fall into two broad categories – depleted hydrocarbon fields selected by the NSTA – and saline aquifer sites identified following a ‘Call for Nominations’ which earlier this year enabled industry partners to indicate sites of interest which offered a greater chance of successful project delivery.


These areas were chosen following extensive consultation with The Crown Estate and Crown Estate Scotland, among others. Five areas will be in Scottish waters, with nine off the coast of England. Successful applicants for a carbon storage licence from the NSTA will require a seabed agreement from either Crown Estate Scotland or The Crown Estate in English waters, before a project can progress.


The Licensing Round will run until Tuesday 24 March 2026 after which applications will be reviewed with a view to awarding licences in early 2027.


Gus Jaspert, Managing Director, Marine at The Crown Estate, said,  “Carbon capture is vital in supporting hard to abate industries to decarbonise and a core element of the UK’s energy transition. We have worked with the NSTA to ensure the interests of other vital sectors including offshore wind, aggregates, cables and nature were considered. We look forward to continuing to work together and collaborating through our Marine Delivery Routemap programme as we evolve our approach to seabed leasing for carbon capture and storage to support the sector’s development.”


The NSTA will continue to work with both Crown Estate Scotland and The Crown Estate to explore opportunities to align licensing and leasing approaches in order to streamline application processes for developers.


Th UK’s first carbon storage licensing round in September 2023 saw the award of 21 carbon storage licences. The NSTA subsequently awarded the first storage permits to two projects – Endurance and HyNet – allowing them to proceed towards first injection.


The Endurance site, off the coast of Teesside, which could store up to 100 million tonnes of CO2, received a permit in December 2024, and Liverpool Bay-based HyNet, which could also store up to 100 mt CO2 over 25 years, received three permits in April 2025.


The projects, funded from the UK’s government’s commitment of up £21.7bn, could contribute around £5 billion per year of gross value to the UK economy by 2050 and create 50,000 jobs long-term.


Ronan O’Hara, Chief Executive of Crown Estate Scotland, said, “CCS is an increasingly well-established process with the potential to play a key role in reducing carbon dioxide emissions, especially in hard to abate industries, which is why we are pleased to be working closely with CCS developers, the North Sea Transition Authority, The Crown Estate and governments to ensure that deployment is co-ordinated to make the most of Scotland’s unique geological storage and to provide new economic opportunities for Scotland and the wider UK by inviting expressions of interest alongside NSTA licence applications.”


Offshore Energies UK welcomed the news, OEUK’s Head of Energy Policy, Enrique Cornejo, said, “The UK has 78 gigatons of carbon storage – the largest in Europe. This gives us a huge opportunity to cut emissions, meet our climate goals, and create high-quality jobs. With decades of expertise in the oil and gas sector, we already have the skills and infrastructure to make this a success.”


 


“Right now, only a handful of projects are connected to storage sites, and delays mean we’re not fully using the capacity we have. Over 100 licences will ultimately be needed to meet net zero, and it is vital existing licences have a clear route to market. Moving faster to match carbon storage with emitter needs will not only secure the UK’s leadership in Europe but also drive significant investment and job growth across our industrial regions.”


 


“CCS isn’t just about cutting emissions, it’s about securing the future of UK industry, supporting regional growth, and positioning Britain as a global leader in clean technologies. This is a once-in-a-generation opportunity we can’t afford to miss.”


 



Carbon Storage licence round (new areas shown in red)



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

Carbon Capture Journal

January 14, 2026

Carbon Capture Journal

January 6, 2026

Carbon Capture Journal

December 30, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Citigroup must face $1 billion lawsuit claiming it aided Mexican oil company fraud

July 1, 20077 Views

LPG sales grow 5.1% in FY25, 43.6 lakh new customers enrolled, ET EnergyWorld

May 16, 20255 Views

Trump’s 100 days, AI bubble, volatility: Market Takeaways

December 16, 20075 Views
Don't Miss

Virtual auctions aim to bring transparency to oil and gas royalty markets

By omc_adminJanuary 14, 2026

(WO) – Oil-Royalties has released an overview outlining how its Virtual Auction Marketplace is changing…

Oilfield services jobs edge lower to close 2025, EWTC data shows

January 14, 2026

Eco Atlantic engages Guyana on Orinduik Block licence continuation

January 14, 2026

TotalEnergies to divest 10% oil interest in Nigeria’s Renaissance JV

January 14, 2026
Top Trending

EPA to stop calculating money and lives saved by curbs on air pollution | Trump administration

By omc_adminJanuary 14, 2026

Salesforce Signs Deals to Purchase Carbon Removal from 19 Early-Stage Suppliers

By omc_adminJanuary 14, 2026

EU Financial Regulators Release Guidelines for Integrating ESG Risks Into Stress Tests

By omc_adminJanuary 14, 2026
Most Popular

The 5 Best 65-Inch TVs of 2025

July 3, 202510 Views

The Layoffs List of 2025: Meta, Microsoft, Block, and More

May 9, 202510 Views

‘Looksmaxxing’ on ChatGPT Rated Me a ‘Mid-Tier Becky.’ Be Careful.

June 3, 20257 Views
Our Picks

MidOcean Energy in Talks to Join Argentina LNG

January 15, 2026

Oil Slips After Trump Signals Iran De-Escalation

January 14, 2026

Shell, Exxon Pull Planned North Sea Gas Sale To Viaro

January 14, 2026

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2026 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.