Oil And Gas Companies Remain Key Adopters Of CCUS Despite Project Delivery Challenges

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Carbon capture, utilization, and storage (CCUS) has become an important decarbonization pathway for oil and gas, power, cement, steel and other hard-to-abate industries. As of June 2026, more than 70% of operational and upcoming carbon capture facilities, by facility count, were associated with energy assets, with oil and gas companies remaining key participants, even though many have scaled back broader low-carbon investments, saysGlobalData, a leading intelligence and productivity platform.

GlobalData's Strategic Intelligence report, "Carbon Capture and Storage," reveals that several oil and gas companies continue to prioritize CCUS where it supports core assets, including LNG, refining, hydrogen production, and upstream operations. Some of the key projects include Eni's Ravenna cluster, ExxonMobil's Gulf Coast CO2 transport and storage network, and Northern Lights, which is jointly owned by Equinor, Shell, and TotalEnergies, for advancing offshore CO2 transport and storage in Norway.

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The current phase of the CCUS market reflects that the sector has moved beyond pilot-scale interest, but many projects have yet to clear the commercial, regulatory, and infrastructure hurdles required for construction and commissioning. The availability of shared CO2 pipelines, shipping routes, and storage hubs will be critical in de-risking these projects and improving the economics of capture investments.

Despite the strong project pipeline for CCUS, the decade is likely to be defined by selective delivery rather than uniform expansion. Many announced projects remain exposed to financing risk, cost inflation, regulatory uncertainty, and delays in securing long-term CO2 offtake or storage contracts. Without sufficient transport infrastructure and storage capacity, captured CO2 cannot be permanently sequestered at scale, which can slow or limit capture project development. Companies are unlikely to advance capture facilities without a reliable route to store the CO2.

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Notes to Editors

Quotes provided by Ravindra Puranik, Oil & Gas Analyst atGlobalData Information based on GlobalData's thematic report: "Carbon Capture and Storage," which evaluates the role of oil and gas players in the CCUS theme and further benchmarks efforts of oil majors, such as ExxonMobil, BP, Shell, TotalEnergies, Equinor in the CCUS value chain. It also identifies the key developments influencing this theme and provides an outlook of oil and gas industry commitments towards CCUS adoption. This press release was written using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData's team of industry experts.

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