Ccs News

 

ExxonMobil Sees Carbon Capture Market at $4 Trillion by 2050

Apr 20, 2022

ExxonMobil Corp. estimates there will be a $4 trillion market by 2050 for capturing carbon dioxide and storing it underground, the company said in a presentation on Tuesday.That is about 60% of the $6.5 trillion market the U.S. largest crude producer estimates for oil and gas by then.Carbon capture is an important emissions reduction technology, according to the International Energy Agency (IEA). It involves the capture of CO2 from fuel combustion or industrial processes…

UK-based Waste Management Firm to Store CO2 Under Seabed in Norway

May 13, 2022

Cory, a UK-based waste management and recycling company, might soon ship carbon dioxide from its 'energy from waste operation' on the River Thame in London to Norway's Northern Lights subsea carbon storage facilities.Cory and Northern Lights…

BP and Equinor Win CO2 Storage Licenses in UK North Sea

May 12, 2022

Oil and gas companies BP and Equinor have been awarded licenses to store CO2 under the UK North Sea seabed.According to the North Sea Transition Authority (NSTA), which awarded the licenses with an appraisal term of eight years, the Southern…

U.S. Energy Department to Commit $2.25B to Carbon Storage Program

May 05, 2022

The U.S. Department of Energy intends to commit $2.25 billion for projects to store carbon dioxide underground and help fight climate change, it said on Thursday.The funding for carbon storage validation and testing over the next five years…

Eni Taps Seismic Firm Shearwater for CO2 Storage Survey Offshore UK

Apr 19, 2022

Shearwater GeoServices has said it has won a 3D geophysical survey with Eni with an option for a second survey, for a carbon storage project in Liverpool Bay, England.“We are delighted to conduct this survey work for Eni, advancing UK carbon storage by deploying towed streamer…

dCS, JX NOEX File Bid for Offshore Carbon Capture & Storage Project in Australia

Mar 16, 2022

Australian carbon capture and storage firm deepC Store (dCS) said Wednesday it had with JX Nippon Oil & Gas Exploration Corporation (JX NOEX) submitted a joint bid for a Greenhouse Gas Assessment Permit for a Greenhouse Gas Storage Acreage Release Area in offshore Australia…

Aker Solutions, Dril-Quip Team Up to Offer Subsea Injection Systems for CCUS Projects

Feb 22, 2022

Norwegian offshore engineering and construction services firm Aker Solutions and the U.S.-based offshore energy industry equipment maker Dril-Quip have entered into a Collaboration Agreement to offer subsea injection systems for carbon capture…

Interest in CCS Picking Up: Aker Carbon Capture, Northern Lights JV Partner Up

Feb 17, 2022

Aker Carbon Capture has signed a deal with Northern Lights JV to collaborate on the realization of Carbon Capture and Storage (CCS) projects in Norway and across Europe.'Together, the two companies represent a full value chain offering from carbon capture through transport and storage…

EU Approves Funding for Northern Lights CCS Project Expansion

Jan 27, 2022

Norwegian carbon capture and storage project Northern Lights is set to receive four million euros from the EU under the Connecting Europe Facility (CEF) funding scheme.The Northern Lights joint venture, owned by Equinor, TotalEnergies, and Shell…

Petronas, Shell Exploring Offshore Carbon Capture And Storage in Malaysia

Jan 11, 2022

Malaysian oil and gas company Petronas has signed a collaboration deal with oil major Shell to explore opportunities and project collaborations in carbon capture and storage (CCS) space in Malaysia.The two companies will carry out a CCS Area…

Neptune Energy Building Digital Twins of Dutch Offshore Platforms to Drive CCS

Jan 06, 2022

Oil and gas company Neptune Energy is developing new “digital twins” of two platforms in the Dutch North Sea, which the company says will speed up work schedules, and reduce costs and environmental impacts by enabling engineers to work onshore…

Talos Energy Names Director to Lead Low Carbon Business

Dec 16, 2021

U.S. oil company Talos Energy has appointed Robin Fielder as the Company's first Executive Vice President Low Carbon Strategy and Chief Sustainability Officer. Under the newly created executive leadership role,  Fielder will serve as the lead…

Five Firms Seek to Develop CO2 Storage off Norway

Dec 15, 2021

Five companies have applied to build carbon dioxide (CO2) storage on the Norwegian continental shelf, the country's oil and energy ministry said on Wednesday.The ministry proposed in September two offshore areas, one in the North Sea and one in the Arctic Barents Sea…

UK: BP Awards FEED Contracts for Teesside Power, Carbon Capture and Compression Project

Dec 15, 2021

BP – the operator of Net Zero Teesside Power (NZT Power) and the Northern Endurance Partnership (NEP) – has awarded contracts as part of its dual Front End Engineering Design (FEED) competition to two separate consortiums of engineering, carbon capture licensors…

Danish Gov't Backs Carbon Capture and Storage Project Greensand

Dec 09, 2021

The Danish Energy Agency will award 197 million DKK (€26 million) to the INEOS-led consortium backing Project Greensand for carbon capture and storage in the North Sea.The project entails transporting CO2 by ship to the Nini West reservoir off…

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