SUBSCRIBE
PROFILE

CGG and Baker Hughes team up for joint carbon capture offering

French oil and gas group CGG and US-based Baker Hughes have signed an agreement to create a joint offering for carbon capture and storage technologies. Their aim is to support the rapid growth of CO2 capture projects worldwide.

Share:

L'alliance CGG-Baker Hughes pour captage et stockage carbone

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

START NOW — 4.90$/month

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

SUBSCRIBE — 99$/year

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

Sign up for free to unlock this article

CGG and Baker Hughes, two leading energy services companies, announce a memorandum of understanding. This association aims to develop a joint offering in carbon capture and storage (CCS) technologies. CGG, a company specializing in the assessment of underground resources, explains that the proposed business alliance aims to provide integrated solutions for assessing, selecting, characterizing and monitoring potential carbon dioxide storage sites. The aim of this collaboration is to support the rapid growth of carbon capture projects.

The challenges of capture and storage

CCUS technology enables carbon dioxide to be captured at the plant gate, liquefied and stored in geological reservoirs. Some projects also enable the captured CO2 to be recycled. However, despite its potential, the technology has its limitations. The Carbon Tracker think tank believes that CCUS often promises more than it delivers. In their view, some applications remain untested and costs remain high, reducing commercial viability.

The importance of the alliance

The alliance between CGG and Baker Hughes will focus on the development of high-quality CCUS solutions, aimed at increasing market acceptance and project efficiency. By integrating the expertise of both companies, they hope to overcome certain economic, technical and commercial obstacles. This is a crucial issue for oil companies, as CCUS could enable them to significantly reduce their carbon footprint.

Outlook for the sector

Carbon capture projects are gaining in importance as governments and industries seek to meet climate targets. Storage efficiency, safety and cost remain challenges. Despite this, investment in research and development should enable these technologies to be improved. The CGG-Baker Hughes alliance could become a key player in the global CCUS market.
The collaboration between CGG and Baker Hughes aims to offer a joint, integrated solution for carbon capture and storage technologies. The alliance reflects the urgent need to invest in innovative solutions. The aim is to combat global warming while meeting the sector’s economic and technical challenges.

  • Popular on energynews.pro
Sembcorp acquires ReNew’s solar unit in India for $190mn
Oil rises 1.3% after limited OPEC+ output increase
Iberdrola adds 708 MW of solar capacity to joint venture with Norges Bank
EDF power solutions and El Paso Electric launch 150 MW solar facility in New Mexico
TotalEnergies sells Norwegian oil assets to Vår Energi to reduce debt
Paris Agreement: How Article 6 Shifts Carbon Credits to Regulated Demand by 2030?
Article 6 converts carbon credits into a compliance asset, driven by sovereign purchases, domestic markets, and sectoral schemes, with annual demand projected above 700 Mt and supply constrained by timelines, levies, and CA requirements.
GOCO2 commits €2.5bn to industrial CO2 capture and transport in Western France
The GOCO2 project enters public consultation with six industrial players united around a 375 km network aiming to capture, transport and export 2.2 million tonnes of CO2 per year starting in 2031.
TotalEnergies sells 35% of Danish Bifrost project to CarbonVault, a SCHWENK subsidiary
TotalEnergies reduced its stake in the Bifrost CO2 storage project in Denmark, bringing in CarbonVault as an industrial partner and future client of the offshore site located in the North Sea.
Two carbon capture projects set to launch in the UK with 500 jobs secured
The United Kingdom is launching the construction of two industrial carbon capture projects, backed by £9.4bn ($11.47bn) in public funding, with 500 skilled jobs created in the north of the country.
Frontier launches full-scale carbon management platform for the ethanol sector
Frontier Infrastructure, in partnership with Gevo and Verity, rolls out an integrated solution combining rail transport, permanent sequestration, and digital CO₂ tracking, targeting over 200 ethanol production sites in North America.
New Canadian programme trains specialists for the carbon capture industry
geoLOGIC and Carbon Management Canada launch a free online technical certificate to support industrial sectors involved in carbon capture and storage technologies.
ExxonMobil selected to store AtmosClear’s CO₂ in Louisiana
AtmosClear has chosen ExxonMobil to handle the transport and storage of 680,000 tonnes of CO₂ per year from its future biomass energy site at the Port of Baton Rouge, United States.
Brineworks raises €6.8mn to accelerate its direct air capture of CO₂
The Dutch start-up secures €6.8mn to industrialise a DAC electrolyser coupled with hydrogen, targeting sub-$100 per tonne capture and a €1.8mn European grant.
JAPEX receives licence to drill two exploratory wells off Tomakomai
Japan Petroleum Exploration is preparing two offshore exploratory drillings near Hokkaidō to assess the feasibility of CO₂ storage as part of the Tomakomai CCS project.
Singapore commits $55.6 million to forest carbon credits in Latin America and Africa
The Singaporean government has signed a contract to purchase 2.17 million mtCO2e of carbon credits from REDD+, reforestation and grassland restoration projects, with deliveries scheduled between 2026 and 2030.
Canada invests CAD5.8mn in three carbon capture projects in British Columbia
The Canadian government is funding three companies specialising in CO2 capture and utilisation, as part of a strategy to develop local technologies with high industrial value.
European carbon prices climb above €76 on compliance-driven demand
European carbon allowance prices reached a six-month high, driven by industrial compliance buying ahead of the deadline and rising natural gas costs.
Zefiro completes carbon credit delivery to EDF Trading for 92,956 tonnes of CO2
Zefiro Methane Corp. completed the delivery of carbon credits to EDF Trading, validating a pre-sale agreement and marking its first revenues from the voluntary carbon market.
Hanwha Power Systems to deliver CO₂ MVR compressors for a CCUS project in Europe
Hanwha Power Systems has signed a contract to supply mechanical vapour recompression compressors for a European combined-cycle power plant integrating carbon capture and storage.
1,460 GtCO2: Nature study reshapes allocation of global subsurface capacity
A prudent limit of 1,460 GtCO2 for geologic storage reshapes the split between industrial abatement and net removals, with oil-scale injection needs and an onshore/offshore distribution that will define logistics, costs and liabilities.
Frontier completes the deepest carbon storage well in the United States
Frontier Infrastructure Holdings drilled a 5,618-metre well in Wyoming, setting a national record and strengthening the Sweetwater Carbon Storage Hub’s potential for industrial carbon dioxide storage.
Equinor, Shell and TotalEnergies launch the first subsea CO2 injection in Norway
The Northern Lights project has injected its first volume of CO2 under the North Sea, marking an industrial milestone for carbon transport and storage in Europe.
Verra and S&P Global Launch New Infrastructure to Boost Carbon Credit Markets
Verra and S&P Global Commodity Insights join forces to build a next-generation registry aimed at strengthening carbon market integration and enhancing transaction transparency.
Singapore and Thailand seal Article 6 deal for carbon credits
Singapore signs its first regional carbon credit agreement with Thailand, paving the way for new financial flows and stronger cooperation within ASEAN.
GIP Acquires 49.99% Stake in Eni CCUS Holding in Strategic Carbon Deal
Eni sells nearly half of Eni CCUS Holding to GIP, consolidating a structure dedicated to carbon capture and storage projects across Europe.