Chemical looping combustion (CLC) is a novel method of carbon capture and sequestration. It facilitates CO2 capture by lower energy penalties compared with other methods in this category. The major challenges encountered in CLC are oxygen carrier, reactor and fuel-type selection. A proper combination of these factors is required for an efficient CLC. There have been several studies with regard to oxygen carriers applicable to these processes: novel oxygen carriers, single perovskites and potential oxygen carriers, double perovskites, have been investigated for their oxygen capture and release properties in a number of studies. Different kinds of reactors have also been proposed for use in CLC processes. This paper presents information on the materials capable of oxygen storage and release and the different kinds of reactors investigated for CLC in different studies. It has been shown that, although there are several oxygen carriers and reactors with the desired function and efficiency for CLC, there remains the need for further improvement and optimisation in both areas.