Source: Petronas The partners previously signed a carbon capture and storage (CCS) agreement in 2023, as part of which they performed development studies and technical evaluations of potential storage areas offshore Peninsular Malaysia. In 2025, the partnership progressed into a key principles agreement, which laid the groundwork for front-end engineering and design (FEED) activities and the formation of the joint venture structure. With the JVA in place, the framework is set

Eni and Snam have secured European Commission selection for funding of the second phase of their Ravenna carbon capture and storage (CCS) project, advancing plans for a major offshore CO2 storage hub in Italy’s Adriatic Sea. The development was among the large-scale projects selected under the EU’s 2025 Innovation Fund call for net-zero technologies. Ravenna CCS Phase 2 has been invited to prepare a grant agreement, although the partners have not disclosed a funding amount. T

The Carbon Capture & Storage Association (CCSA) has recognised projects advancing carbon capture technology, CO2 transport and storage infrastructure, and carbon removal at its inaugural International CCUS Awards in London. Held on 13 October, the ceremony brought together more than 150 industry representatives, innovators and policymakers, with winners spanning the UK, Europe and North America. Carbon capture technology developer Carbon Clean won the CCUS Innovation award fo

Carbon capture and storage (CCS) has been gaining attention as a tool for cutting industrial emissions, but the financing and insurance needed to expand it remains a challenge. A new report on carbon management projects, published in October by the Oil and Gas Climate Initiative (OGCI), the Geneva Association and the Clean Energy Ministerial CCUS Initiative, identifies insurability as a key factor in making projects more attractive to investors. Its recommendations focus on i

Image courtesy of Eni Eni CCUS Holding – a joint venture between Italian energy major Eni and BlackRock’s Global Infrastructure Partners (GIP) – has completed the offshore installation of the Douglas CCS platform in Liverpool Bay. The facility represents the world’s first purpose-built offshore platform dedicated specifically to carbon transport and storage for industrial decarbonization. Functioning as the offshore hub for the Liverpool Bay transport and storage (T&S) networ

Carbon Destroyer (source: WAGENBORG) His Majesty King Frederik X of Denmark at September 18th, officially opened the first full-scale facility for the permanent storage of CO₂ in the European Union. The opening took place at a ceremony at the Port of Esbjerg marking Greensand’s move into commercial operation. For the first time, Greensand provides industry across the EU with the infrastructure it needs to transport and permanently store CO₂ and offers a practical route to r

source: go Russia Russia has formally approved new operating procedures for carbon unit reservation accounts within its national registry, establishing a regulatory safety net for climate projects carrying a risk of future greenhouse gas release. Published on the official legal information portal, the resolution mandates that when carbon units (CUs) are issued for vulnerable activities, such as carbon capture and storage (CCS), a portion must automatically transfer to a dedic

Source: Liverpool Bay CCS Limited Liverpool Bay CCS Limited (LBCCS) has entered into a lease with The Crown Estate for its CO2 transportation and storage project offshore the UK, the country’s first carbon capture and storage (CCS) project to repurpose existing infrastructure. The Liverpool Bay CCS project will operate as the backbone of the HyNet Cluster to transport CO2 from capture plants across the North West of England and North Wales through new and repurposed infrastru

DESFA has secured European funding of 169.3 million euros for the APOLLOCO₂ project, which creates the first major Greek infrastructure for the transport, liquefaction and storage of carbon dioxide with the aim of decarbonizing the industry. Greece is attempting to gain a leading role in the new European carbon capture and storage market , expanding its footprint beyond natural gas infrastructure. At the heart of this strategy is DESFA ’s APOLLOCO₂ project , which has secure

The global imperative to reduce carbon emissions has brought carbon capture, utilization, and storage (CCUS) technologies to the forefront of climate change mitigation strategies. Understanding the CCUS value chain is essential for grasping how this complex system functions and how it can be optimised to meet ambitious environmental targets. This article provides a detailed exploration of the CCUS process insights, breaking down each stage of the value chain and highlighting

The urgent need to reduce global carbon emissions has led to the exploration of innovative technologies and strategies. Among these, offshore carbon solutions have emerged as a critical component in the portfolio of climate mitigation efforts. These solutions primarily involve the capture, transport, and storage of carbon dioxide (CO2) beneath the seabed, offering a promising pathway to limit atmospheric CO2 concentrations. This article explores the role of offshore carbon so

The readjustment of the project's funding sources is leading to a review of the milestones for the technical "maturation" by EnEarth, a subsidiary of Energean, of the Prinos CO2 underground carbon dioxide storage facility. At the same time, the company has already initiated the process of approving the necessary documents for the Market Test. It is estimated that the "premiere" of the Market Test will take place by July at the latest. Funding Adjustments and Implications The

Nikos Kakalis (source MERC). The Athens-based Maritime Emissions Reduction Centre (MERC) has launched a major new industry programme at Posidonia 2026, combining research, real-world pilot projects and data management applications development to help reduce greenhouse gas emissions from the existing global shipping fleet. The programme is designed to close the gap between theoretical solutions and operational reality, supporting shipowners with practical insight into how tech

The increasing urgency to mitigate climate change has driven significant advancements in carbon capture, utilisation, and storage (CCUS) technologies. Among these, offshore CO2 storage has emerged as a promising solution to securely sequester carbon dioxide emissions away from the atmosphere. This blog post delves into the various offshore CO2 techniques, exploring their mechanisms, benefits, challenges, and future prospects. The goal is to provide a comprehensive understandi

Trudvang unmanned wellhead platform with carrier The partnership combines the strengths of three industry leaders, spanning offshore engineering, CO₂ storage development and operations, and marine transportation. The MoU reflects a shared ambition to strengthen the Trudvang CO₂ transportation and storage project and establish robust, flexible, and commercially attractive CO₂ transport and storage solutions for European industrial customers. The Trudvang project offers flexibl

Capital Gas announced three days ago, the successful delivery of the 'Amadeus', their second 22,000 cbm low-pressure liquid CO₂ (LCO₂) / Multi-Gas Carrier, from Hyundai Mipo Dockyard Co., Ltd. (HMD). The 'Amadeus' is the second of four sister vessels scheduled for delivery by HMD in 2026. Engineered with cutting-edge multi-cargo capability, she is designed to transport LCO₂, LPG, ammonia, and selected petrochemicals. This delivery follows the recognition of sister vessel 'A

The transportation of carbon dioxide (CO2) in offshore environments is a critical component of carbon capture, utilisation, and storage (CCUS) strategies. As global efforts intensify to reduce greenhouse gas emissions, the ability to move captured CO2 safely and efficiently from capture sites to storage or utilisation locations offshore has become increasingly important. This article explores the various offshore CO2 transport methods, detailing their technical aspects, opera

BIMCO has introduced a new standard contract aimed at the fast-developing market for shipping liquefied carbon dioxide, as carbon capture projects begin to move from concept to execution. The world’s largest shipping association’s Documentary Committee has adopted CO2TIME 2026, a time charter party designed specifically for the carriage of liquefied CO₂ (LCO₂). It marks the first standard form tailored to this segment, where shipping is expected to play a key role in linking

The comprehensive "reading" and recording of the risks that accompany the supply chain of the CCS value chain is a prerequisite for the emitters to be able to open up to the full scope of the discussion on contracts for difference (CCfDs), which in turn will practically pave the way for final investment decisions. In particular, as competent sources with knowledge of the matter point out, the quantification of the risks that may arise during the maturation of the projects and

Pirika Moshiri Maru (Credit: Oshima Shipbuilding/Supplied by NYK) NYK has signed a memorandum of understanding (MoU) with Hokkaido Electric Power to conduct a study related to onboard carbon capture and storage (OCCS) technologies. Under the agreement, the companies will jointly study a demonstration project in Tomakomai, Japan, focused on decarbonizing maritime transport. The study will run over a three-year period through fiscal year 2028 and will cover the design and opera