Carbon capture and storage
Occidental Petroleum is planning a carbon-intensive future with revenues from oil expected to be put toward pulling carbon dioxide out of the air.
SPE papers and events that covered decarbonization during the past year show that a wide variety of solutions already exist that avoid, reduce, replace, offset, or sequester greenhouse gas (GHG) emissions. It is clear, therefore, that decarbonization technologies will now be as important as 4D seismic, horizontal wells, and hydraulic fracturing.
As with large-scale carbon-capture projects in Europe and in the US, the Canadian oil companies say they will need various forms of government support to help realize the goals of the Paris Agreement.
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Chevron is partnering with Microsoft, oilfield services firm Schlumberger, and privately held Clean Energy Systems to build a carbon capture plant in California, as the US oil major expands investments in renewable technology. -
The Biden administration wants green investment, jobs to stay stateside in emerging $23-trillion global market.
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The group of three companies says it is looking to provide solutions for a more alternative-energy-driven landscape.
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Carbon capture, utilization, and storage can play a role in attaining net zero emissions, helping the planet achieve climate goals, and increase oil and gas production at the same time.
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There is little question that carbon capture, storage, and utilization is destined to become one of America’s big growth industries in the years to come.
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The US oil giant is launching a new business unit that will boost its ability to reduce its own greenhouse gas emissions along with those of other industries.
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Using Europe as the focus, an expert panel discusses the role and opportunities for oil and gas in getting to net zero CO2 emissions.
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Petronas and PTTEP executives spoke at a virtual symposium about their companies’ commitments to reduce carbon and their work toward a sustainable energy future.
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US taxpayers, investors, and the American energy sector applaud long-awaited, final regulations on the CCS tax credit. The final rules provide needed clarity on how to qualify for and use the credit.
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The first phase of the project is set for completion in 2024. As a part of the project, Equinor, Shell, and Total will establish a new joint-venture enterprise. Equinor has awarded two EPC contracts.
