BP
Eavor says its technology differs from other forms of geothermal in that it is a scalable ‘go anywhere’ solution, harvesting geothermal heat to generate dispatchable power with zero emissions
The energy giant will work with IBM to explore the use of quantum computing to solve business and engineering challenges and potential applications for driving efficiencies and reducing carbon emissions
Windfarms will occupy sea footprint the size of London and power 3.4 million homes
The move is part of a $25 billion divestment programme by 2025
The EI’s Chief Executive Officer is expected to support the giant’s transformation into an integrated energy company
It comes as the two companies completed their previously announced deal, whereby Equinor sold a 50% interest in both the Empire Wind and Beacon Wind assets on the US east coast
A 50MW electrolyser will be powered by an offshore wind farm in the North Sea and the hydrogen produced will be used in the refinery
The refinery will be converted to a fuel import terminal while the oil giant is also exploring options for a clean energy hub
It is expected to produce up to 50m cubic feet of gas per day
The partnership will see the development of an offshore network to transport captured CO2 emissions to offshore storage beneath the UK North Sea
