Since the introduction of inhibitors to the oil and gas industry in the 1940’s, corrosion inhibition has played a key role in carbon dioxide (CO2) corrosion control. Major inhibitor discoveries occurred from the late 1940's to the late 1960's, followed by the refinement of formulations and the development of improved application methods. Over the past two to three decades, although some new derivatives of existing inhibitors such as amide, amine and imidazoline have been reported, there have been few if any discoveries of new CO2 corrosion inhibitors. In recent years, the development of environmentally friendly inhibitors and the inhibition of localised corrosion have become driving forces behind new advances in corrosion inhibitor technology. Recently a rare earth metal organic compound, lanthanum 4-hydroxy cinnamate has been found to be an efficient corrosion inhibitor for mild steel in CO2 containing aqueous media. A resorcinarene acid has been found to provide effective localised corrosion inhibition by promoting a random distribution of insignificant anodic currents. The advent of advanced scanning probe techniques and an electrochemical integrated multi-electrode array have facilitated the discovery of corrosion inhibitors. This paper provides a brief overview of recent progress in this field.