Carbon capture and storage
New 1.0 Bcf/D facility in Baytown, Texas, is expected online no later than 2028.
Spending on low-carbon projects will increase by $60 billion this year, 10% higher than 2022, led by wind developments but helped by a significant rise in funding for hydrogen and carbon capture, utilization and storage infrastructure, Rystad Energy research shows.
A big jump in the tax incentives offered for putting CO2 in the ground, hopefully forever, has set off a mad rush to sequester CO2. But is that really the best option?
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The sites with the most CO2 emissions to capture are often far from the best rock to sequester it, leading to design projects for transport ships. -
At a time when there are many models vying to be the one used to evaluate and plan carbon storage sites, the US Department of Energy wants to test one developed by SPE members.
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A critical challenge for those designing carbon dioxide storage sites is predicting where the injected gas will go. One of the only sure bets is to assume that any model of a gas plume that looks symmetrical is likely wrong.
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ADNOC lays out a $15-billion installment in its long-term plan to reduce its carbon footprint.
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Denbury acquires carbon-storage land in the South, Baker Hughes forms a new wells consortium, and Chevron and BP expand their investments. Hydrogen takes center stage across the globe, while the international energy transition makes strides toward its goals.
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A consortium of 20 organizations, REX-CO2, including research institutions, operators, and regulatory authorities, studied mature wells in two areas of the UK Continental Shelf. Subsurface data were evaluated and verified the wells’ potential suitability for both reuse and CO2 injection and storage.
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The CO2 capture capacity of all CCS facilities under development increased 44% over the past 12 months, bringing the total capacity of those projects to 244 mtpa of CO2.
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The US giant joins CF Industries and EnLink on a development that could capture and permanently store 2 million metric tons of carbon dioxide starting in 2025.
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Occidental Petroleum is considered one of the upstream industry’s most dynamic companies after making major investments to boost oil and gas production while also scaling up low-carbon technologies.
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Texas and Louisiana are stepping up efforts to assume regulatory authority for an emerging wave of carbon capture and storage projects.
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