Page 12 - EurOil Week 07 2022

EurOil NEWS IN BRIEF EurOil

of the ground it had lost after the Polish between Northern Lights and Aker Carbon “If the schedules for the expected projects
company had earlier managed to win Capture aims to build on learnings from the are maintained, there will be significantly
price concessions. In 2020, the Stockholm Longship project and enable the accelerated higher investments in field development in
tribunal ordered Gazprom to pay $1.5bn to deployment of CCS projects across Europe”. 2023 than what is currently included in the
PGNiG for previously overcharging for the Interest in CCS Picking Up survey,” SSB said.
supplies. Børre Jacobsen, Managing Director of Yet-to-be approved projects include
The two companies entered their Northern Lights JV said: “Interest in CCS is the development of a cluster of oil and gas
current contract back in 1996, covering picking up across Europe. Northern Lights is discoveries in the so-called NOAKA area by
10bn cubic metres (bcm) of annual gas well-positioned to contribute accelerating the Aker BP and Equinor, as well as Equinor’s
supply. The contract, which is partially development and we are looking forward to Arctic Wisting oil discovery.
oil-indexed, includes a take-or-pay clause working with Aker Carbon Capture to realize
that means PGNiG must pay for at least 8.7 the potential of the CCS market in support
bcm per year of gas even if it does not take of climate targets. This will require technical Oil spills from Eni’s Irish Sea
that much. and commercial innovation as well as cross-
The contract runs out at the end of 2022 sector collaboration”. pipeline
and PGNiG has repeatedly said it will not The parties said that the collaboration
renew the deal. It hopes to replace Russian would allow emitters access to full value Oil has spilled from an Eni-operated oil
gas with LNG, mainly from the US and chain offerings at locations where the pipeline in the Irish Sea, the UK Energy &
Qatar, as well as Norwegian gas via the combined technical concept of Aker Carbon Climate Change Minister Greg Hands MP
Baltic Pipe going operational later this Capture’s technology and the CO2 transport said on Twitter Tuesday.
year. and storage capabilities of Northern Lights is “I am being kept regularly updated
best suited. following a release of oil from a pipeline in
Jon Christopher Knudsen, Chief the Irish Sea. The pipeline was immediately
Aker Carbon Capture, Commercial Officer of Aker Carbon Capture shut off. Aerial surveillance has been
undertaken + specialist teams have been
said: “Northern Lights is a first-mover in
Northern Lights JV partner enabling open-source CO2 transport and mobilized along Lancashire’s coast to
respond if any oil beaches…”
storage infrastructure across north-west
up on CCS Europe. With operations starting in 2024 councils, as well as ENI UK Ltd - the
“We’re in touch with local MPs &
they are an essential player in enabling the
Aker Carbon Capture has signed a deal with accelerated deployment of the CCS industry. company that owns & operates the pipeline.
Northern Lights JV to collaborate on the Their ambitious plans link very well with The Offshore Petroleum Regulator is working
realization of Carbon Capture and Storage Aker Carbon Capture’s ambition to have 10 closely with the Maritime & Coastguard
(CCS) projects in Norway and across Europe. million tonnes of CO2 on contract by 2025. Agency and relevant local authorities to
“Together, the two companies represent Together with Northern Lights and with ensure ENI fulfils its legal obligations,”
a full value chain offering from carbon our ‘Carbon Capture as a Service’ offering, Hands added.
capture through transport and storage. The we can now develop source-to-storage Offshore Engineer has reached out to Eni
MoU also seeks to optimize logistics and decarbonization on a pay per tonne of and Maritime & Coastguard Agency seeking
standardize ship-shore interfaces,” Northern captured CO2 model.”. more info.
Lights JV, owned by TotalEnergies, Shell, and A spokesperson for the Maritime and
Equinor said in a statement Thursday. The Coastguard Agency said: “The Maritime and
memorandum of understanding is non- Oil and gas firms in Norway Coastguard Agency’s Counter Pollution and
exclusive. Salvage team, together with the Department
The Northern Lights project comprises raise investment forecasts for Business, Energy and Industrial Strategy
transportation, receipt, and permanent (BEIS)’s Offshore Petroleum Regulator for
storage of CO2 in a reservoir in the northern Oil and gas firms in Norway have raised this Environment & Decommissioning team
North Sea, and will be open to third parties. year’s investment forecasts as they seek to and the Secretary of State’s Representative,
The project will initially include the capture benefit from pandemic-era tax incentives are monitoring the response of Eni UK
of CO2 from Norwegian industrial capture intended to boost activity, a national statistics and assisting partner local authorities in an
sources. It is part of Norway’s Longship office (SSB) survey showed on Thursday. ongoing response to an incident, which was
project which comprises a full-scale Carbon The biggest business sector in Norway first reported off the North Wales Coast on
Capture and Storage (CCS) project, covering now expects to invest 159.5 billion Monday 14 February.”
capture, transport, and storage of CO₂. Norwegian crowns ($17.9 billion) in 2022, up In the meantime, BBC had obtained
Carbon capture operations are scheduled from a forecast of 154.4 billion crowns made and released a statement from Eni, which
to start in 2024, with an annual capacity of in November, SSB said. confirmed that there had been an oil
1.5 million tonnes of CO2 per year and the Investments are still set to decline this spill between the Conwy and Douglas
possibility to expand this with an additional year however by an estimated 8.1% when installations, some 33 kilometers from the
3.5 million tonnes. compared to 2021, SSB said, a lingering effect North Wales Coast, and that the line was
Commenting on the MoU with Northern of drawdowns made during the pandemic, “shut down immediately and remains off.”
Lights JV, Valborg Lundegaard, Chief but will likely increase in 2023 as major According to a separate BBC Report,
Executive Officer of Aker Carbon Capture development projects gather speed. about 500 barrels leaked from the pipeline
said: “Through the Longship project, Norway In 2023, oil investment numbers are into the sea.
has taken a leadership position in enabling provisionally seen dropping further to 131.4
industrial decarbonization through Carbon billion crowns, but this could quickly change
Capture and Storage. This collaboration as more plans are laid, the agency said.

P12 www. NEWSBASE .com Week 07 17•February•2022