Carbon Capture, Utilisation and Storage (CCUS) Strategies in Oil and Gas Industry

Carbon Capture, Utilisation and Storage (CCUS) Strategies in Oil and Gas Industry

Summary

Carbon capture, utilization, and storage (CCUS) is seen as a path for oil and gas companies to decrease emissions while generating additional revenue, and to some degree as a necessary component of global decarbonization. This report gives an overview of the current status of global carbon capture capacity, upcoming capacity within the next decade, and analyzes the CCUS strategies of selected oil and gas companies that are especially active in the sector.

In most scenarios modeling energy transition, Carbon Capture, Utilization, and Storage is set to play a key role to reach climate goals by 2050 by increasing the chances of limiting global warming to less than 2 degrees C by end of century. Currently, the captured carbon emissions amount to no more than 0.2% of total energy related CO2 emissions. Barriers include high capital costs and infrastructure for CO2 transport and storage. Creating financial and policy incentives will be key to seeing this sector grow. Despite these barriers, many oil and gas companies are leveraging previous CCUS know-how to build additional revenue streams and burnish their sustainability credentials.

Scope

• Introduction to CCUS technologies
• Global context on the status of active CCUS facilities
• O&G leaders in CCUS
• Strategies of selected O&G leaders in CCUS

• Understand the importance of CCUS
• Learn the status of CCUS today and expected capacity over the next decade
• View which sectors use CCUS today and in the future
• Understand who are the key O&G players in CCUS
• Learn what strategies are being employed to develop CCUS
• Learn how CCUS can generate revenue for O&G companies