Five oil giants form CCS consortium

BP takes the lead in a new consortium along with Total, Eni, Equinor, Shell and National Grid to develop CCS technology in the North Sea.

British heavy industry area Teeside is one of two places in the UK from which a consortium led by a handful of the world's largest oil companies seek to capture and store carbon dioxide emissions. Photo: Nigel Roddis/Reuters/Ritzau Scanpix

Giant oil companies certainly aren't lacking in a new carbon capture and sequestration consortium led by BP.

The new collection of companies calls itself the North Endurance Partnership (NEP) and, beyond the British supermajor, also counts players like Equinor, Eni, Shell, Total as well as UK power and gas utility National Grid.

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