Carbon capture and storage
The early enthusiasm for carbon capture and storage (CCS) is showing signs of strain as the limited capital availability and political support become clearer.
The two companies said they will evaluate the possibility of a joint venture to develop a direct air capture hub in South Texas, with XRG considering investing up to $500 million.
The plant at Heidelberg Materials’ cement facility in Brevik, Norway, has captured its first 1,000 metric tons of carbon dioxide.
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The innovations in the carbon removal space are gaining attention for their potential to curb global climate change, but they each face particular challenges in implementation. -
Companies licensed to drill in the North Sea will report their findings to regulators under new powers brought forward in an Energy Bill amendment.
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SPE Journal has issued a call for papers for the 11th Comparative Solution Project (CSP) Special Issue. Organized by guest editors Anthony Kovscek (Stanford University) and Knut-Andreas Lie (SINTEF), submissions that are both directly and indirectly related to the 11th CSP will be accepted.
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Shell has decided to pull out of the Northern Endurance Partnership, one of Britain's largest carbon capture and storage projects.
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Also: A report says Bitcoin mining could ease emissions. Haliburton is accelerating its clean-energy efforts, while insurer Chubb cracks down on methane. ExxonMobil and Linde team up in Texas. Shell plans to limit CO2 emissions in Dutch plants, and Drax presses pause on bioenergy in the UK.
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Deployment of Mosaic DAC pilot units are envisaged for a pair of HIF eFuel facilities.
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The first direct air capture facility will debut a few months late, but that’s not a big concern for its developer.
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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.
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Lawmakers are considering a solution that would give abandoned wells a new, redemptive purpose: deep receptacles to trap carbon for millennia.
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Recently published research suggests that carbon dioxide stored underground will stay there for millions of years.
