Warming weapon? Oil giants plan to bury CO2: Energy groups Statoil and Shell plan the world’s biggest project to bury carbon dioxide beneath the seabed in a billion-dollar project off Norway to raise oil output and curb global warming, the firms announced Wednesday.
New green plan for oil recovery: Oil giant Shell and Norwegian state-owned energy company Statoil have agreed a joint project to use carbon dioxide for recovering oil offshore.
The scheme involves capturing carbon dioxide from power generation and using it to enhance oil recovery, which gives increased energy production with a lower carbon dioxide impact. The different elements of the project in Norway will be phased in during 2010-2012.