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The changing economics of CCS
The business case for CCS is strengthening as costs decline, but deployment must accelerate to align with credible net-zero scenarios
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Company warns against potential withdrawal of federal funding for emerging technology as it eyes key role for CO₂ in boosting both conventional and shale oil recovery in US
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Policymakers must match their rhetoric with bolder action if they really want CCUS to scale up to meaningful levels
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Europe in race to unlock CDR investment
Policymakers acknowledge crucial role for direct air capture and other removal technologies in meeting climate goals
Northern Lights goes live
Merchant storage project off western Norway takes first CO₂ shipment, but government warns of significant cost challenges ahead for CCS
Letter on carbon: Chasing down the cost of DAC
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Chevron joins push for Asia CCUS hubs
US company reiterates commitment to CCUS as it agrees to work with major steelmakers to drive large-scale deployment in Asia
Germany eyes blue hydrogen as cabinet backs CCS
Draft law opens door to large-scale carbon capture and storage, and could unleash investment in gas-based hydrogen projects
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Aramco CEO Amin Nasser has promoted CCS as part of a ‘viable energy future’ with continued oil production
Carbon capture NOCs Saudi Arabia
Clare Dunkley
8 March 2023
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Mideast Gulf edges forwards on carbon capture

State energy firms are pinning hopes on the technology to retain long-term competitiveness

State oil giant Saudi Aramco has launched the procurement process for the giant Jubail CCS facility it announced at Cop27 last year, with other Mideast Gulf producers also pinning their hopes on the evolving technologies to insulate themselves from the threats posed by decarbonisation pressures. Aramco CEO Amin Nasser described CCS as the “golden key” to a “viable energy future”—one in which hydrocarbons retain a central role—during the unveiling of the company’s joint development agreement with Germany’s Linde and oilfield services company SLB for the planned Jubail facility, called the Accelerated Carbon Capture and Sequestration (ACCS) project. Nasser has also spoken enthusiastically abou

Also in this section
The changing economics of CCS
17 October 2025
The business case for CCS is strengthening as costs decline, but deployment must accelerate to align with credible net-zero scenarios
Gulf Energy Excellence Awards® 2025 winners honoured at Houston gala
17 October 2025
The black-tie gala recognised the energy industry’s leading innovations and thought leaders from across the value chain
Letter from London: Occidental’s oil-led defence of DAC
15 October 2025
Company warns against potential withdrawal of federal funding for emerging technology as it eyes key role for CO₂ in boosting both conventional and shale oil recovery in US
An all-energy stance
9 October 2025
A balanced approach—combining hydrocarbons, renewables and emerging clean technologies—is essential for both energy security and sustainability

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