Occidental Petroleum

The agreement calls for approximately 2.3 million metric tons of carbon dioxide to be securely stored per year at 1PointFive’s Pelican Sequestration Hub in Louisiana.

Leaders at OTC 2025 warned that tariffs and supply chain strains threaten offshore project economics despite record global output.

New strategies for protecting metal infrastructure emerge as operators fine-tune a corrosion threat screening process and develop a new method for tracking inhibitor effectiveness.

The storage permits, the first of their kind, allow the Stratos facility to move forward with plans to capture and store up to 500,000 tonnes of carbon dioxide per year.

The authors of this paper discuss how intelligent completions in the Gulf of Mexico have allowed for increased production, reduction in operating expenses, enhanced overall reservoir recovery, and improved safety and environmental performance.

This paper presents a specialized workflow that aims to quantify the severity of condensate banking and subsequently optimize reservoir development strategies for a deep formation in the Permian Basin.

Occidental’s 1PointFive will receive up to $500 million from the Office of Clean Energy Demonstrations for the carbon-capture facility in south Texas.

Industry experts advocate for collaboration to develop and test technology that can reduce emissions without breaking the bank.

The industry is balancing brains and bots as it squeezes out barrels of oil production.

Transition requires action, not perfect technology, but challenges remain around scalability, cost, and revenues.