Eight companies have applied for CO2 storage acreage
Carbon capture and storage (CCS) entails capturing, transporting and storing CO2 from sources such as power generation or industrial emissions.
4/30/2024
The Norwegian Ministry of Energy has received applications from eight companies in connection with the announcement of two areas in the North Sea for potential storage of CO2 on the Norwegian shelf.
The Ministry is processing the applications received and plans to award exploration licences in the second half of 2024.
The Ministry has been contacted by commercial players who are interested in securing the award of specific acreage for CO2 storage.
These areas, which are located in the North Sea, were announced on 6 March pursuant to the (Norwegian) CO2 Storage Regulations. When the deadline expired on 24 April, the following companies had submitted applications:
1/13/2026
In the 2025 awards in pre-defined areas (APA), 19 companies have been offered ownership interests in a total of 57 production licences on the Norwegian continental shelf (NCS).
1/8/2026
Last year's exploration result was among the best in several years, according to the Norwegian Offshore Directorate's summary of activity on the Norwegian continental shelf (NCS) in 2025.
12/16/2025
The Norwegian Offshore Directorate has put forward proposed changes to the Regulations relating to resource management in the petroleum activities and the Regulations relating to documentation in connection with storage of CO2 on the shelf for public consultation.
12/11/2025
A new report from the Norwegian Offshore Directorate shows that, in 2024, there were 24 oil and gas companies on the Norwegian continental shelf (NCS). This is the lowest number since activity started up on the shelf. At the same time, developments in exploration activity reveal a clear shift from global to Norwegian players.
Necessary cookies ensure that the website functions properly and remains secure, and cannot be disabled. Other cookies are used for statistics and analysis. If you accept all, you help us improve our websites and services.
