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Abandoned oil rigs could scrape carbon from the sky and store it in empty undersea reservoirs

Abandoned oil rigs could scrape carbon from the sky and store it in empty undersea reservoirs: An oil rig graveyard in Cromarty Firth, Scotland. Pxfuel Keeping control of our planet’s thermostat is proving tricky these days. Temperatures are rising slowly, and inaction is proving costly as we awkwardly lurch towards a cleaner future. Some industries …

Read moreAbandoned oil rigs could scrape carbon from the sky and store it in empty undersea reservoirs

Why we should leave old oil rigs in the sea – and why we don’t

Why we should leave old oil rigs in the sea – and why we don’t: Dabarti CGI/Shutterstock Decommissioning the UK’s offshore oil and gas infrastructure will cost the taxpayer £24 billion, according to estimates from HMRC. So why can’t we leave man-made structures in the sea and thereby save the cost of removal and recycling? That …

Read moreWhy we should leave old oil rigs in the sea – and why we don’t

Total rigs up for South Africa drilling

South Africa in the news: Total rigs up for South Africa drilling: Total is set to start drilling off South Africa as soon as next summer after firming up a rig contract with Norway’s Odfjell Drilling. The French supermajor has the semi-submersible Deepsea Stavanger on a one firm well commitment with an option for a …

Read moreTotal rigs up for South Africa drilling

Reach Trust

Reach Trust is a holding trust for a number of companies within the Stratlec Group.

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