Equinor Expands CCS Footprint with Northern Lights Storage in Norway, Denmark and US
Equinor ASA participates in the Northern Lights carbon storage venture alongside Shell and TotalEnergies, operating CCS facilities in Norway, Denmark and the US. ExxonMobil’s start-up of a second Louisiana CCS site and two more projects due by 2026 highlight rising demand for CO2 storage that could increase Equinor’s CCS revenues.
1. Equinor’s CCS Operations
Equinor ASA is active in carbon capture and storage through the Northern Lights venture with Shell and TotalEnergies, operating storage facilities in Norway, Denmark and the United States designed to accept CO2 from industrial emitters.
2. Sector Demand Rise
ExxonMobil’s commissioning of a second operational CCS site in Louisiana and two additional projects slated for completion in 2026 underscore accelerating demand for third-party CO2 storage services, presenting potential revenue growth opportunities for Equinor’s CCS segment.