carbon capture and storage

ExxonMobil has initiated front-end engineering design studies to determine the feasibility of developing a South East Australia carbon capture and storage hub in the Bass Strait, where some of Australia’s oldest offshore oil and gas fields are to be decommissioned.

Oxy aims to combine crude oil with environmental attributes generated from the sequestration of atmospheric CO2 captured with its planned direct-air-capture plant and sequestered in its enhanced-oil-recovery reservoirs in the Permian Basin.

Research conducted by Rystad Energy indicates that spending on carbon capture and storage will quadruple in the next 3 years.

New lease agreements have secured more than 700 million metric tons of potential CO2 sequestration capacity.

Storing captured carbon requires a receptacle, and existing reservoirs are just the thing. But which ones?

The two companies will explore carbon capture solutions of various sizes over an initial 9-month evaluation period.

Rodolfo Camacho-Velázquez identifies areas of opportunity for future reservoir engineers related to the technical challenges of increased production and recovery of complex conventional and unconventional reservoirs, the application of Fourth Industrial Revolution technologies in reservoir subdisciplines, and the energy transition.

The new project will use EnLink’s existing pipeline infrastructure and Talos’ newly acquired 26,000-acre sequestration area.

The company believes its booking represents the industry's first to be made under SPE's CO2 Storage Resource Management System.

The facility will be a commercial-scale CO2 sequestration hub in the DJ Basin.