Harbour gas photovoltaic energy storage

Why did harbour energy get a carbon storage licence?

Harbour Energy said the award is an “essential milestone” for its V Net Zero project, aimed at removing more than 50% of industrial emissions from the Humber region. Europe chief executive Phil Kirk said: “The OGA’s decision to grant Harbour Energy a carbon storage licence is great news for the Humber and for the V Net Zero Humber Cluster.

Who is Harbour Energy?

Harbour Energy is the largest London-listed independent oil and gas company. Harbour has a leading position in the UK as well as interests in Indonesia, Vietnam, Mexico, and Norway. Harbour’s strategy is to continue to build a global, diversified oil and gas company focused on safe and responsible operations, value creation and shareholder returns.

What is harbour energy's CCS project & why is it important?

It is set to be used as a powerful independent tool as Harbour Energy progresses its future-looking Viking CCS Project. This achievement marks a crucial step forward in Europe’s progress towards supporting low-carbon economies, and to hitting Net Zero targets in 2050.

What is harbour doing with the Rotliegend gas field?

Harbour has been granted an area in the Southern North Sea to reuse the depleted Rotliegend, Viking and Victor gas fields to store CO2 as part of the project. The award is the second licence issued by the OGA for carbon storage after the Acorn project in 2018, which Harbour is also a partner in.

Why did harbour change its gas sales agreements in 2024?

During 2024, Harbour successfully amended its gas sales agreements with the Singapore buyers of Natuna Sea Block A gas, increasing the take-or-pay commitment under a tiered pricing structure, enabling higher production in the second half of 2024.

What is the Oga's carbon storage licence?

The award is the second licence issued by the OGA for carbon storage after the Acorn project in 2018, which Harbour is also a partner in. It comes just weeks away from the UK Government announcing which two cluster projects to be backed, aimed at becoming operational by the mid-2020s.