carbon capture and storage

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.

The US Department of Energy has announced up to $20 million in federal funding for cooperative agreements that will help accelerate the deployment of carbon capture, utilization, and storage.

The investments highlight the first significant collaboration between the air-capture field and energy industry leaders.

IPIECA, the oil and gas industry association for environmental and social issues, has released a new fact sheet in an effort to promote carbon capture and storage.

Canada-based Carbon Engineering says it has received investment from a subsidiary of Occidental Petroleum and the venture capital arm of Chevron for its technology that removes carbon dioxide directly from the air.

The Acorn Project will capture about 200,000 tonnes of carbon dioxide from the St. Fergus Gas Terminal and transport it for storage to one of three depleted gas fields using existing pipelines.