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Petromall Insights - CO2 storage a viable business for oil and gas companies

July 2019

How do we make CO2 storage a viable business for oil and gas companies?

There is growing public and governmental demand for less CO2 emissions to the atmosphere. Oil and gas companies have the technical and financial capability to put CO2 into the subsurface. But they aren't doing it. How can this be fixed?

Oil companies say that governments should make higher carbon prices or taxes. But governments are reluctant to impose higher energy costs on their voters.

Governments say that international / western oil companies should pay for CO2 capture and storage themselves. But the companies are reluctant to increase their costs of production above those of their national oil company competitors.

New pathways are needed. Our Petromall Insights report, available for free download today, explores what they might be.

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