Pale Blue Dot Energy have been awarded a landmark study by Scottish Enterprise looking at opportunities for diversification of the oil and gas supply chain in Scotland. This follows the recent period of low oil prices and the knock-on effect for business and jobs in oil and gas supply chain. Diversification is an essential part of the solution to help maintain and develop opportunities for Scottish Oil and Gas businesses. The review will consider potential diversification into a wide range of sectors, including; decommissioning, offshore wind and Carbon Capture and Storage, Hydrogen and Heat. The study will be delivered with BVG Associates and Abbott Risk Consulting.
- Project confirms there are no major technical hurdles to storing industrial scale CO2 offshore in the UK with sites able to service mainland Europe as well as the UK.
- 12 month project for the Energy Technologies Institute (ETI) was carried out by Pale Blue Dot Energy, Axis Well Technology and Costain with £2.5m of funding provided by the Department of Energy and Climate Change (DECC).
- Report identifies types of stores, costs of storing carbon dioxide and ways to reduce costs over time.
Energy specialists Hazel Clyne and Tim Dumenil from Pale Blue Dot Energy are leading the charge as one of 24 businesses chosen to benefit from Elevator’s Accelerator Programme at the Elevator Centre for Entrepreneurship. After an initial inspiring 10 week programme, the Pale Blue Dot Energy team have now been selected as one of just a handful of businesses to engage in the second part of the 20 week programme.
Pale Blue Dot Energy has been shortlisted in the P&J Gold Awards, in the “Most Influential Business of the Next 50 Years” and “Innovation in the Future” categories.
The awards scheme was launched to mark a major milestone for the oil and gas sector, the 50th year of the north-east’s involvement in the development of the North Sea.
An awards dinner will be held on 5th June at the Marcliffe Hotel to announce the winners.
See the full list of nominees here.
It was announced today that the ETI have awarded a £2.5 million contract to a consortium led by Pale Blue Dot Energy, the Aberdeen based management consultancy that specialises in the energy transition. The twelve month project is funded by DECC and will start in May 2015 and will deliver a screened and appraised portfolio of offshore deep geological CO2 Storage sites for potential deployment in future Carbon Capture and Storage (CCS) projects beyond the current DECC CCS Commercialisation programme, in the mid 2020’s.