Tag Archives: CCS

World Oil: Equinor hopes for a dry well near Troll, for potential CO₂ storage

OSLO – For the first time, an exploration well is being drilled in the North Sea where the objective is not to find oil or gas.

The well is being drilled south of the Troll field in the North Sea, and the objective is to investigate whether the reservoir in the deep Johansen Formation is suitable for storage of carbon dioxide (CO₂).

The Northern Lights project, consisting of Equinor, Shell and Total, is drilling wildcat well 31/5-7 Eos. The West Hercules rig is responsible for the operation.

This will be the first well to be drilled in exploitation license 001, and the objective of the well is to prove sandstone and the storage potential for CO₂ in the Cook and Johansen geological formations. The companies also want to examine the sealing properties of the overlying Dunlin shale.

Read entire article HERE.

Reuters: Oil CEOs push carbon-capture efforts ahead of climate talks

A group of 13 major oil companies charted out a plan on Monday to promote investments in carbon capture, use and storage (CCUS), ahead of a gathering in New York.

Oil chiefs grappling with growing demand for action to fight climate change have looked to invest in carbon-capture and sequestration techniques that some executives, including Occidental Petroleum Corp (OXY.N) CEO Vicki Hollub, say could make drilling carbon neutral.

With fossil fuel development growing worldwide, the oil and gas industry faces growing criticism from activists concerned about accelerating climate impacts from melting ice caps to sea-level rise and extreme weather. Scientists say the world needs to halve greenhouse gas emissions over the next decade to avoid catastrophic warming.

Read entire article HERE.

Reuters: Norway’s CO2 seabed storage project gets boost from industry, EU

OSLO (Reuters) – Norway’s Equinor signed preliminary agreements on Thursday with seven potential industrial customers for its project to develop carbon dioxide storage under the North Sea, a crucial step toward securing state funding.

The project, called Northern Lights and led by Equinor in partnership with Shell and Total, is part of the country’s efforts to combat climate change.

Proponents of carbon capture and storage (CCS) say countries need the technology to help fulfill pledges made on the heels of the breakthrough Paris climate change agreement in 2015.

Read entire article HERE.