It’s been a long and costly two decades of carbon capture and storage (CCS) studies and test centers. Now Europe has reached a stage where big-scale developments make financial sense and could trigger up to $35 billion in development spending until 2035 – by which time as much as 75 million tonnes of CO2 could be captured and stored per year on the continent, a Rystad Energy analysis shows.
The coronavirus pandemic has triggered the “largest drop in global energy investment in history”, the International Energy Agency (IEA) has said, launching its World Energy Investment 2020 report.
Oil majors Equinor, Shell and Total have committed to investing in a carbon capture and storage (CCS) project in Norway.
A host of firms including Ineos, Total and ExxonMobil are collaborating on plans for a carbon capture, use and storage (CCUS) site at the Port of Antwerp.
Equinor has signed memoranda of understanding with seven European companies to develop value chains in carbon capture and storage.
This incredible image of the Northern Lights was captured by staff from oil major BP close to one of its rigs in Alaska.