Decarbonization

This paper describes the use of coiled tubing in a pilot project for carbon dioxide injection, enabling evaluation of the conversion of an existing oil field for CCS purposes and derisking storage-development uncertainties before having to cease hydrocarbon production.
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.

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