IGas has confirmed it is part of a consortium of academics and industry to turn exhausted oil and gas wells into test sites to bury carbon dioxide and store hydrogen.
The target of the Lidsey oil field in West Sussex is not where it was previously predicted, the operator said today.
Researchers have discovered significant emissions of methane, the powerful and invisible greenhouse gas, at onshore oil sites across England.
The oil and gas company, IGas, has continued its move into alternative energies with an announcement of plans to build solar farms.
IGas has announced it will not appeal against the recent refusal of planning permission at its shale gas site in Misson, Nottinghamshire. The wellpad will now be restored.
IGas proposals to produce hydrogen at a second site in Surrey have been published.
IGas has confirmed it has relinquished the Tinker Lane shale gas licence in Nottinghamshire and written off £10m in exploration costs. But the company said it was continuing to work with regulators and government to end the moratorium on fracking in England.
Shares in IGas rose more than a third this morning on an announcement that the company had signed a memorandum of understanding with SSE Heath Networks on the development of a geothermal district heating project in Stoke-on-Trent.
The would-be fracking company, IGas, has announced an agreement with CeraPhi Energy to develop geothermal energy projects using existing oil and gas wells.
Michael Gove has replaced Robert Jenrick as secretary of state for housing, communities and local government.