Poseidon licence covers part of southern North Sea
Aker BP joins Nordic CCS push
Independent oil and gas firm targets European emitters after securing Norwegian storage exploration licence
Independent oil and gas company Aker BP has joined the race to provide offshore CO₂ storage to northwest Europe’s industrial emitters by securing an exploration licence on the Norwegian Continental Shelf. Norway’s Ministry of Petroleum and Energy has offered Aker BP and the Nordic arm of Austrian oil and gas producer OMV a licence to explore for storage capacity in the eastern section of the southern North Sea. Aker BP holds 60pc of the licence and will be the operator, with OMV holding the remaining share. The two companies have signed a collaboration agreement to potentially develop projects under the licence, which comes with a requirement to make a “drill or drop decision” by 2025. “This
Also in this section
28 March 2025
The massive expansion of the Northern Lights project in Norway is the clearest sign yet that the European oil and gas companies mean business when it comes to CCS
27 March 2025
Awards celebrate global innovation, leadership and achievement across the energy sector’s people, projects, technologies and companies.
20 March 2025
While advanced economies debate peak fossil fuel demand, billions of people still lack access to reliable and affordable energy, especially in the Global South
14 March 2025
Ignoring questions of sustainability will not make the problems they focus on go away
