Carbon capture and storage
The Norwegian Ministry of Energy has approved the Phase 2 expansion, which is expected to increase carbon dioxide storage capacity from 1.5 million tonnes to 5 million tonnes.
DNV’s carbon capture and storage outlook forecasts a massive shortfall in the projects necessary to help the world reach net-zero emissions by 2050.
The early enthusiasm for carbon capture and storage (CCS) is showing signs of strain as the limited capital availability and political support become clearer.
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The two companies said they will evaluate the possibility of a joint venture to develop a direct air capture hub in South Texas, with XRG considering investing up to $500 million. -
The plant at Heidelberg Materials’ cement facility in Brevik, Norway, has captured its first 1,000 metric tons of carbon dioxide.
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The vessel is expected to be delivered by the end of the year, while the project's new port in Esjberg is on target for completion this autumn.
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The agreement calls for approximately 2.3 million metric tons of carbon dioxide to be securely stored per year at 1PointFive’s Pelican Sequestration Hub in Louisiana.
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The 2025 update to SPE’s CO₂ Storage Resources Management System (SRMS) is now available. Following a 2-year review, the updated framework—endorsed by six professional societies—builds on the original 2017 system to support consistent classification, evaluation, and reporting of CO₂ storage resources. A key change in the 2025 SRMS Update is the inclusion of CO₂ EOR as…
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The UK North Sea Transition Authority has awarded the required permits for the East Irish Sea project, and the project has reached financial close. The carbon capture and storage project is expected to receive its first carbon dioxide in 2028.
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The full potential of data can only be realized when it is viewed not in isolation but as part of the dynamic triad of hydrocarbons, the data, and the people who interpret it and act on it.
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The test marks a milestone in the Poseidon CCS project, which aims to store carbon dioxide in the depleted gas reservoir below the Leman development in the southern North Sea.
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The storage permits, the first of their kind, allow the Stratos facility to move forward with plans to capture and store up to 500,000 tonnes of carbon dioxide per year.
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The first phase of the Norwegian project is expected to receive its first carbon dioxide this year, with the second phase slated to start operations in late 2028.
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