Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Kent to acquire Exceed, growing well management, subsurface expertise

August 21, 2025

Oil edges up on signs of strong demand, Russia-Ukraine peace uncertainty – Oil & Gas 360

August 21, 2025

ConocoPhillips signs 20-year LNG purchase agreement with Sempra

August 21, 2025
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » DNV launches new service specification to mitigate risk in CCUS projects
Executive Moves

DNV launches new service specification to mitigate risk in CCUS projects

omc_adminBy omc_adminJune 19, 2025No Comments3 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


DNV has released a new service specification (DNV-SE-0696) for the verification and certification of Carbon Capture, Utilization, and Storage (CCUS) facilities. The document provides a structured methodology to de-risk CCUS projects across design, construction, and operation—addressing a key industry need as carbon capture scales globally.  


With CCS projected to grow from 41 MtCO2/yr today to 1,300 MtCO2/yr in 2050, mitigating 6% of global CO₂ emissions according to DNV’s Energy Transition Outlook: CCS to 2050 report, standardized verification is critical to ensure safety, regulatory compliance, and investor confidence.

SE 0696 fills this gap by:

Defining risk-based verification levels (High/Medium/Low) for CCUS subsystems, from CO₂ capture to temporary storage.
Aligning with existing DNV documents (e.g. DNV-SE-0479 for process facilities) while addressing CCUS-specific challenges like material selection and CO₂ liquefaction.
Supporting both onshore and offshore applications, including hybrid projects (e.g., blue hydrogen with CCUS).
Supporting stakeholder management with defined scopes and DNV statements and certificates.

DNV created the new service specification to ensure that CCUS projects are developed with rigor, safety, and transparency, supporting industry players as they scale up deployment, the company stated.

“CCUS is no longer a niche technology – it’s a decarbonization imperative,” said Lucy Craig Senior Vice President, Growth, Innovation & Digitalization, Energy Systems at DNV. “DNV-SE 0696 gives developers a clear roadmap to verify facility integrity, reducing uncertainties that could delay Final Investment Decisions. This is how we accelerate the energy transition pragmatically.”

Up to the end of the decade, cumulative investments in CCS are expected to reach USD $80 billion (£60bn) and DNV forecasts that capture and storage capacity is expected to quadruple by 2030. CCS is crucial for reaching net-zero targets, especially in sectors that are challenging to decarbonize.

Key features of  DNV-SE-0696

The specification covers all major CCUS subsystems, including:

CO₂ capture and dehydration systems
Compression and liquefaction units
Emergency shutdown and relief systems
Safety assessments and barriers
Material selection
Injection facilities

DNV-SE-0696 complements DNV’s broader CCUS standards (e.g., DNV-SE-0473 for geological storage) and integrates with DNV’s risk-based verification philosophy (DNV-SE-0474).

“Early projects must be deployed successfully in order for this critical technology to be scaled,” added Jamie Burrows, Global Segment Lead CCUS, Energy Systems at DNV. “By applying our decades of process facility expertise and deep knowledge of CCUS, we’re helping clients mitigate risks whether retrofitting Capture equipment at a cement plant or designing a new offshore injection facility.”



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

Kent to acquire Exceed, growing well management, subsurface expertise

August 21, 2025

ConocoPhillips signs 20-year LNG purchase agreement with Sempra

August 21, 2025

Aker BP makes ‘significant’ oil discovery in Norwegian North Sea

August 21, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

LPG sales grow 5.1% in FY25, 43.6 lakh new customers enrolled, ET EnergyWorld

May 16, 20255 Views

South Sudan on edge as Sudan’s war threatens vital oil industry | Sudan war News

May 21, 20254 Views

Trump’s 100 days, AI bubble, volatility: Market Takeaways

December 16, 20072 Views
Don't Miss

Kent to acquire Exceed, growing well management, subsurface expertise

By omc_adminAugust 21, 2025

Kent plc has signed a binding agreement to acquire Exceed (XCD) Holdings Limited, a leader…

ConocoPhillips signs 20-year LNG purchase agreement with Sempra

August 21, 2025

UK Unveils Draft Transition Finance Guidelines to Support High-Emitting Sectors’ Decarbonization

August 21, 2025

Morgan Stanley Backs Overhaul’s $105M Series C to Advance Supply Chain Sustainability

August 21, 2025
Top Trending

Drought brings autumn harvest two weeks early, Waitrose says | Farming

By omc_adminAugust 21, 2025

Guest Post: Implications of the “One Big, Beautiful Bill Act” for Energy Industry

By omc_adminAugust 21, 2025

Hurricane Erin pounds US east coast as residents brace for ‘life-threatening’ waves | US weather

By omc_adminAugust 20, 2025
Most Popular

The Layoffs List of 2025: Meta, Microsoft, Block, and More

May 9, 20257 Views

Analysis: Reform-led councils threaten 6GW of solar and battery schemes across England

June 16, 20252 Views

Guest post: How ‘feedback loops’ and ‘non-linear thinking’ can inform climate policy

June 5, 20252 Views
Our Picks

ConocoPhillips signs 20-year LNG purchase agreement with Sempra

August 21, 2025

Turkey Set for Deal to Explore Energy in Libyan Waters

August 21, 2025

Enstor to Acquire Black Bear Gas Pipeline System

August 21, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.