carbon capture and storage
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The two companies will focus on carbon capture technology along with carbon utilization and hydrogen production.
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The US oil and gas company said it signed a letter of intent with the US midstream operator to explore commercializing a CO2 transportation and storage network.
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Companies want to build pipelines to capture and store carbon, but a new report warns that regulators aren’t prepared.
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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.
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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.
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Research conducted by Rystad Energy indicates that spending on carbon capture and storage will quadruple in the next 3 years.
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New lease agreements have secured more than 700 million metric tons of potential CO2 sequestration capacity.
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Storing captured carbon requires a receptacle, and existing reservoirs are just the thing. But which ones?
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The two companies will explore carbon capture solutions of various sizes over an initial 9-month evaluation period.
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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.