Occidental Petroleum
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The 100 million BOE-plus find will be tied back to the Heidelberg spar. -
Twenty-six companies participated in what was the last GOM lease sale scheduled until 2025.
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Houston-based Occidental said that one reason it is buying private producer CrownRock is to gain more access to the deep, relatively untapped Barnett formation.
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New York-based BlackRock will put more than half a billion dollars into Occidental's first direct air capture project, which is now 30% completed.
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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.
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As money pours into the space, questions arise about whether the method of removing carbon from the atmosphere is the best investment.
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Oxy’s 1PointFive subsidiary and ADNOC plan to assess the feasibility of building the first megaton-scale DAC facility outside of the US.
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Occidental has been an investor in the Canadian climate solution firm since 2019.
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The projects are expected to remove more than 2 million metric tons of CO2 emissions annually from the atmosphere.
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The two oil producers said they may invest in industrial-scale direct air capture and other decarbonization projects in both the UAE and US.
