Oil and gas companies continue to play a leading role in carbon capture, utilisation and storage (CCUS) projects, particularly where the technology supports core operations such as LNG, refining, hydrogen production and upstream activities, according to GlobalData.
GlobalData said that as of June 2026, more than 70% of operational and upcoming carbon capture facilities, based on facility count, were linked to energy assets.
The company noted that the sector remains a major participant in CCUS despite scaling back some broader low-carbon investments.
GlobalData’s report “Carbon Capture and Storage” highlights projects including Eni’s Ravenna cluster, ExxonMobil’s Gulf Coast CO₂ transport and storage network, and Northern Lights in Norway, jointly owned by Equinor, Shell and TotalEnergies.
