By Mikael Holter (Bloomberg) -- Three of the world’s biggest oil companies called on Norway to help maintain funding for carbon capture and storage technology that is stagnating amid concerns about whether it can ever be cost-effective. The chief executive officers of Royal Dutch Shell Plc, Total SA and Norway’s state-controlled Statoil ASA gathered on the … [Read more...]
World’s First Full-Scale Carbon Capture and Storage Project Progressing in Norway
The project to develop the world's first full-scale carbon capture and storage system located on the Norwegian continental shelf (NCS) is moving along with subsidiaries of Shell and Total signing on to join Statoil in leading the effort. Norwegian state-owned carbon capture technology firm Gassnova awarded Statoil the contract for the first phase of the project June 2017. … [Read more...]
Statoil to Develop Carbon Capture and Storage System Off Norway
Norwegian oil and gas company Statoil has been assigned the task of developing a carbon storage facility offshore Norway, in what could be the world's first storage site to receive carbon dioxide from several industrial sources. The storage project is part of Norwegian government's efforts to develop full-scale carbon capture and storage in Norway. The project was … [Read more...]