In a significant move to bolster its carbon capture and storage (CCS) capabilities, Lime Petroleum AS, in collaboration with OMV Norge AS and Vår Energi ASA, has secured a CO2 storage license in the North Sea. The license was awarded by the Norwegian Ministry of Energy and positions the consortium at the forefront of Norway’s […]
The Norwegian government is proactively fostering socio-economically viable storage of carbon dioxide (CO2) on the Norwegian continental shelf, enabling industries with substantial emissions to opt for permanent storage rather than atmospheric release. This initiative represents a critical step in achieving substantial emission reductions across Europe and supports the objectives of the Paris Agreement. Vast Potential […]
