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Equinor and its partners today confirmed a new timeline for the Rosebank project on the UK Continental Shelf (UKCS). Following the award of a three-year extension for the Rosebank licences by the UK Oil and Gas Authority, a final investment decision for Rosebank is planned to be taken by May 2022.
Drax Group, Equinor and National Grid Ventures have signed a Memorandum of Understanding (MOU) committing them to work together to explore how a large-scale carbon capture usage and storage (CCUS) network in the mid-2020s.