Aker BP, Norway's second-largest oil and gas company, has announced one of the largest commercial oil discoveries in the Norwegian North Sea in the past decade. The discovery, known as the Omega Alfa strike, contains estimated recoverable volumes of between 96 million and 134 million barrels of oil. This find is among the biggest on the Norwegian continental shelf in ten years and contributes to Aker BP's Yggdrasil project, which is approaching a billion-barrel milestone. The announcement has positively influenced Norway's stock index, pushing it to a new all-time high amid declining US stocks. Separately, Norway's Northern Lights carbon capture and storage (CCS) project has commenced operations, marking the first commercial CO2 injection in the country. This project represents a significant step in reducing carbon dioxide emissions by storing CO2 underground, with the Northern Lights facility described as the world's first commercial CO2 storage site.
Norway's Northern Lights CCS project starts operations with first CO2 injected https://t.co/mIhGJUM8Qm
NEW - World's first commercial CO2 'graveyard' opens in Norway https://t.co/cNCs0iOPUp
🌍 Norway's Northern Lights CCS project has begun operations, marking a milestone in carbon capture. A step forward in reducing CO2 emissions! #CarbonCapture #Sustainability #Innovation https://t.co/fKxyHaNQ6c