Daily Archives: 21.03.2022

According to the Rystad Energy study, global spending on the CO2 capture, storage and transportation services (Carbon capture, utilisation and storage – CCUS) will increase from $4.2 billion in 2022 to $11 billion in 2023, $18 billion in 2024 and $19 billion in 2025. So, cumulative spending in the CCUS industry will exceed $50 billion during that period.

American startup Lift Well International (LWI) has developed a revolutionary artificial lift method that does not require downhole equipment. The new method will be used in the fields that are unsuitable for conventional vertical drilling.