Statoil to conduct CCS feasibility studies in North Sea fields

The company logo of Norwegian energy firm Statoil is seen at the headquarters outside Oslo, Norway, November 28, 2014. REUTERS/Berit Roald/NTB Scanpix

OSLO (Reuters) - The Norwegian government has asked oil and gas firm Statoil to conduct new studies on carbon storage on the Norwegian continental shelf, the firm said on Monday.

Some 195 nations agreed last month in Paris to limit rising temperatures. Carbon capture and storage (CCS), which captures carbon dioxide and stores it underground so it won't slip into the atmosphere, is seen as an important tool to achieve that.