The Norwegian Government on Tuesday today announced its funding decision for the Northern Lights CO2 transport and storage project, led by Equinor, Shell, and Total.The three oil companies made a conditional investment decision on the Northern Lights CO2 transport and storage project in May 2020…
Aker Solutions has secured a contract from Aker Carbon Capture for engineering, procurement, and management assistance to realize the CO2 capture plant at Norcem’s cement factory in Brevik, Norway.The project, part of Norway's Longship project…
Microsoft has signed an agreement with the Norwegian oil and gas giant Equinor to explore ways to support the Northern Lights carbon capture and storage (CCS) project which will store CO2 2,600 meters below the seabed offshore Norway.Microsoft…
The North Sea could be switched from a depleting oil and gas basin to a site for storing carbon dioxide under the seabed, Total CEO Patrick Pouyanne said on Tuesday.The French oil firm is one of the partners in the Northern Lights project, which…
Norwegian energy company Equinor has signed a contract with Skanska for building site preparation and the construction of jetty facilities for the CO2 receiving terminal in Norway, as part of the Northern Lights carbon capture and storage project…
Oil company Equinor, with partners Shell and Total, will grant open access to data from the 31/5-7 Eos offshore well drilled earlier this year as part of the Northern Lights carbon capture and storage project.The Northern Lights is a project sanctioned in May 2020…
After a turbulent 2020 for the oil and gas industry, 2021 is expected to see a modest rise in investment in the UK and Norway offshore sectors, assuming a US$50 per barrel average oil price.Exploration activity could recover to 2019 levels and investment in new developments is set to increase…
An Australian company has lined up the country's national science agency and Japanese firms to work on a plan to capture carbon dioxide, and liquefy and transport it to a site offshore Australia to be injected under the seabed.The push comes…
Norwegian carbon capture firm Aker Carbon Capture has signed a Memorandum of Understanding with Sweden’s power company Vattenfall to accelerate the evaluation of future carbon capture plants in Sweden and Northern Europe.Aker Carbon Capture…
In what has been described as 'the greatest climate project in Norwegian industry ever' the Norwegian government on Monday submitted a white paper to parliament, proposing to launch a $2,7 billion carbon capture and storage (CCS) project in Norway…
After years of expensive carbon capture and storage (CCS) studies and test centers, Europe has now reached a phase where large-scale CCS developments make sense financially, Norwegian energy market intelligence group Rystad Energy has said.In a report on Monday…
Equinor, Norway's largest oil company, said Tuesday that the Covid-19 pandemic and weakened Norwegian krone have negatively impacted some of its offshore development projects in Norway, however, the company said that its 'combined project portfolio is still very resilient…
A group of European energy companies led by Norway's Equinor agreed on Friday to develop jointly a facility beneath the North Sea to store carbon dioxide storage, a technology that helps in the fight against climate change.The Northern Lights carbon capture and storage (CCS) project…
Norway's ambition to build a full-scale carbon capture and storage (CCS) chain could cost around $25 billion crowns ($2.58 billion), including operating costs for ten years, an economic analysis showed on Thursday.The International Energy Agency…
As the global energy industry enters a period of increased offshore deepwater exploration driven by economic viability, the demand for international underwater monitoring services looks set to strengthen into the new decade. According to a report from TechSci Research1…
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