Upstream operators need to decarbonise
Kent aims to ‘demystify’ upstream decarbonisation costs
Energy services firm draws up guidelines to bring greater clarity to decarbonisation project costs in the UK’s upstream oil and gas sector
Energy services company Kent is set to produce a set of guidelines on behalf of the London-based Energy Institute to be used in calculating the costs of decarbonisation projects in the UK’s upstream oil and gas sector. The report will seek to provide actionable guidance to help the sector achieve its environmental goals. Due to factors such as the cost of emission trading credits, cost calculations for decarbonisation projects can be notoriously difficult to pin down. As a result, the report will aim to ‘demystify’ the process by applying standard and non-standard objectives to form a comprehensive evaluation. “These projects compete for capital and resources with other industry sectors. Th
Also in this section
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions
10 December 2024
Tightened standards have helped improve the outlook for the voluntary carbon market, which is set for a record year and poised for long-term growth
