Image Credits: Global CCS Institute (top left); ADNOC (top right); Adobe Stock (bottom) The Global CCS Institute has revealed that there is significant year-on-year momentum for carbon capture and storage (CCS) projects globally, with installed capture capacity expected to double in the coming years. These findings were published in the organisation’s Global Status of CCS 2024 report which shows that there are 628 projects in the pipeline across the globe (an increase of 236 projects compared to last year). The cumulative CO 2 capture capacity for all of these projects stands at 416Mtpa. Currently, the facilities in operation have a capacity to store 51Mtpa but, when facilities currently under construction commence operations, this will climb to more than 100Mtpa. In the Middle East and Africa region, the Global CCS Institute indicated that CCS project development has evolved from application in enhanced oil recovery to focus on industrial decarbonisation and low-carbon fuel development. As such, projected regional CCS capacity is at least 65Mtpa by 2050. “The CCS industry is rapidly maturing and evolving, catalysed by global collaboration, sustained government policy support, and industry action built on decades of shared learnings,” remarked Jarad Daniels, CEO of the Global CCS Institute. “This is testament to the urgency with which governments and industries are seeking to address climate change, while continuing to supply the world’s growing population with necessary energy services and commodities.” Developed by AIQ with SLB as part of ENERGY ai , ADNOC’s artificial intelligence and digital technology strategy, the new Advanced Reservoir 360 (AR360) solution uses AI and machine learning technologies to improve reservoir management. It also optimises field development planning by ensuring the right balance between drilling, boosting the performance of existing wells and optimising injection and production volumes. Following the successful initial deployment in on two reservoirs, ADNOC has revealed that the new AI solution has been deployed on more than 30 reservoirs across its upstream operations. Rystad Energy has revealed that flaring emissions from global upstream oil and gas production has increased by 7% from 2022 to 2023. Magnus Kjemphol Lohne, senior vice president, energy systems research at Rystad Energy, said the unexpected reversal of flaring gains “represents a step in the wrong direction from a climate perspective. This underscores the importance of continuous and increased efforts from companies, countries and industry organisations to set targets and implement measures to tackle routine flaring.” The Middle East saw flaring volumes reach 45bn cu/m in 2023. ADNOC and AIQ reveal industry first Rise in flaring a “step in the wrong direction” The Global CCS Institute called for all stakeholders to maintain the momentum. CCS momentum growing across the globe The Middle East, Africa and Russia collectively made up about 70% of total flaring volumes in 2023. news 4 AR360 integrates everything on a single platform and utilises AI to save time and enable more proactive decision-making. Issue 7 2024 | oilreviewmiddleeast.com