CCS network ‘could deliver £160bn to UK economy’

An East Coast carbon capture and storage (CCS) network could boost the UK economy by around £160 billion between now and 2060. That’s the findings of a new report, which adds the benefits of a large-scale CCS scheme could outweigh costs by as much as £129 billion. Under the proposed scheme, dedicated CO2 infrastructure would […]

New gas discovery off India’s east coast

An Indian private sector company and British firm BP have announced a new gas discovery off the east coast of India. Located 62 kilometres from the coast in the Cauvery Basin, it is the second gas discovery in the deepwater block CY-DWN-2001/2. Reliance Industries Limited (RIL), flagship company of Reliance Group – with businesses in […]