OGA grants carbon storage licence to Harbour Energy:

The Oil and Gas Authority (OGA) has awarded a carbon dioxide (CO2) appraisal and storage licence (CS licence) to Harbour Energy, boosting the drive to reach net zero greenhouse gas emissions by 2050. The licence will cover an area in the southern North Sea off the coast of Immingham in North East Lincolnshire.

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Exxon Mobil Corp. estimates there will be a $4 trillion market by 2050 for capturing carbon dioxide and storing it underground, the company said in a presentation on Tuesday. That is about 60% of the