Norway Designates North Sea Area for CO2 Storage

Wednesday, November 2, 2022

The Norwegian Ministry of Petroleum and Energy on Wednesday announced a North Sea area for applications for injection and storage of CO2 on the Norwegian continental shelf.

This is the fourth time acreage is being announced for CO2 storage on the Norwegian Continental Shelf.

,Oil and Energy Minister Terje Aasland said the move was a new evidence of the great industrial interest in storing CO2 in Norway. 

Carbon capture and storage (CCS) is important to the government, both because it cuts emissions and creates jobs. Allocating acreage is a prerequisite for successfully establishing commercial CO 2 storage in Norway, the government said.

The application deadline is set for January 3, 2023 at 12:00.

 

  ©NPD



Categories: Energy Activity Europe Decarbonization

Related Stories

US Storm, Weaker Dollar Push Oil to 12-week High

Saipem’s Castorone Vessel on Its Way to Türkiye’s Largest Gas Field

Russian Gas Exports to Europe Rise 20% in 2024

Current News

Canada’s Industry Responds to Draft Cap-and-Trade Regulations

Senegal's Sangomar Oil and Gas Field Beats Output Target

Damen Delivers Patrol Vessel for Nigeria’s Oil and Gas Sector

SBM Offshore Inks Investment Deal with Ocean-Power

Subscribe for OE Digital E‑News