Occidental Petroleum

The new agreement will see the partnership jointly invest in four deepwater projects.

The deal with Manulife gives Oxy unit 1PointFive access to 27,000 acres of subsurface pore space for carbon sequestration.

The US oil and gas company said it signed a letter of intent with the US midstream operator to explore commercializing a CO2 transportation and storage network.

High oil prices will mean more spending on workovers to eke out more oil and gas from older wells. The amount will depend on finding those willing and able to do that tricky work.

Oxy aims to combine crude oil with environmental attributes generated from the sequestration of atmospheric CO2 captured with its planned direct-air-capture plant and sequestered in its enhanced-oil-recovery reservoirs in the Permian Basin.

Highlights of what the US oil and gas chief said to SPE members at the recent Hydraulic Fracturing Technology Conference.

The US government is looking to size up efforts related to leak detection and repair practices.

Friction reducers play multiple critical roles in fracturing. A challenge in selecting the best one for the job is the growing evidence that performance varies, but objective performance measurements are lacking.

Incremental gains are not always celebrated, but as two of the biggest oil producers in the US show, they nonetheless can net unrealized savings and new efficiencies.

Occidental Petroleum is planning a carbon-intensive future with revenues from oil expected to be put toward pulling carbon dioxide out of the air.