Offshore Energy · April 15, 2026 (7h ago) · 1 min read

OneSubsea and TOYO to explore CCS opportunities in Southeast Asia

Analysis

OilCyprus Editorial

OneSubsea and Toyo Engineering Corporation are collaborating to explore Carbon Capture and Storage (CCS) opportunities in Southeast Asia. This partnership signifies a growing interest in CCS as a viable decarbonization strategy within the region's oil and gas sector.

Key Facts

OneSubsea is a joint venture established in 2023 by SLB (formerly Schlumberger).
The collaboration focuses on identifying and developing CCS projects in Southeast Asia.
Toyo Engineering Corporation brings expertise in engineering, procurement, and construction (EPC) for industrial plants.

Market Impact

This collaboration could accelerate the adoption of CCS technology in Southeast Asia's oil and gas industry. It may also spur further investment and development of CCS infrastructure in the region, potentially reducing carbon emissions from existing and future energy projects.

Why This Matters for Cyprus

This partnership highlights the increasing importance of CCS as a key strategy for oil and gas companies to meet decarbonization goals and address climate change concerns, potentially opening new revenue streams and ensuring long-term viability.

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