Occidental Petroleum
-
As money pours into the space, questions arise about whether the method of removing carbon from the atmosphere is the best investment. -
This paper presents a case study of integrated geomechanical and reservoir simulation with a developed fracture conductivity calculation work flow to evaluate well spacing and completions design.
-
Oxy’s 1PointFive subsidiary and ADNOC plan to assess the feasibility of building the first megaton-scale DAC facility outside of the US.
-
Occidental has been an investor in the Canadian climate solution firm since 2019.
-
The projects are expected to remove more than 2 million metric tons of CO2 emissions annually from the atmosphere.
-
The two oil producers said they may invest in industrial-scale direct air capture and other decarbonization projects in both the UAE and US.
-
The international energy company will use Amazon Web Services to reduce IT infrastructure costs and develop systems for carbon removal plants.
-
Oil and gas operators such as Shell and Oxy are now employing AI together with a vast network of sensors and other machine-learning software to stamp out problems before they happen.
-
The first direct air capture facility will debut a few months late, but that’s not a big concern for its developer.
-
Dealmaking has picked up steam, especially by Oxy. Many of the announced deals by Oxy and others are in Texas and in the Gulf Coast region.
