While the NPD did not disclose the names of the companies involved, their applications represent a step toward advancing carbon capture and storage solutions to combat climate change and reduce greenhouse gas emissions in Norway and the wider global context.
Through a newly established agreement with CapeOmega Carbon Storage, TotalEnergies is set to acquire CapeOmega's 40% participating interest in a CO2 storage exploration license situated offshore Norway.
The project, named "Porthos," is intended to be Europe's largest carbon capture and storage facility and is projected to reduce the country's annual CO2 emissions by approximately 2% over a 15-year period starting in 2026.
The Acorn project, based at St Fergus near Peterhead, will play a crucial role in capturing and storing industrial emissions from the central belt to the north-east in depleted oil and gas reservoirs offshore
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