carbon capture and storage

The venture arm of the oil giant has put $5 million toward the parent company of Finite Carbon, a US-based company working on sustainable forest management to offset carbon emissions.

Panelists at the opening general session of the SPE Annual Technical Conference and Exhibition acknowledged the industry’s daunting challenge of meeting global demand while reducing its carbon footprint.

Large-scale investment in carbon capture and methane-emission reduction tops the agenda of the Oil and Gas Carbon Initiative, an organization led by chief executives of several major oil and gas companies.

Equinor Technology Ventures and OGCI Climate Investments have agreed to back the tech developer, which integrates its SeekIR miniature gas sensors onto drones to detect, localize, and quantify carbon emissions.

The UK’s leading oil and gas industry body says the industry can reduce emissions while meeting the region’s energy demand.

The Oil & Gas Technology Centre has announced it will create, in partnership with industry, a Net Zero Solution Centre to accelerate the development and deployment of technologies to decarbonize offshore operations and develop the UK continental shelf as the first net zero oil and gas basin.

It is “one of the world’s largest greenhouse gas mitigation projects ever undertaken by industry,” Chevron said in a news release.

BHP announced a 5-year, $400-million Climate Investment Program to develop technologies to reduce emissions from its operations as well as those generated from the use of its resources.

Sending atmospheric carbon dioxide into underground methane hydrates could clean the air and create revenue.

In recent years, some effort has been made to use EOR techniques, particularly CO2 injection, to extract additional oil and gas from unconventional resources. This has the potential to change the dynamics (again) of oil production from these tight and difficult reservoirs.