Oil & gas majors begin selling CCUS knowhow to boost production

By Trend The existing carbon capture, utilization, and storage (CCUS) capacity is concentrated at natural gas processing plants due to the use of captured CO2 in Enhanced Oil Recovery (EOR) activities within the upstream segment of oil and gas, Trend reports with reference to GlobalData. The company forecasts that by 2030, all the largest CCUS sectors shown are expected to grow, but none faster than the power sector, which will become the largest user of CCUS capacity. Several oil and gas majors are already collaborating on CCUS projects in the power sector, demonstrating that these companies …

Read More