Decarbonization
At COP28, more than 50 oil and gas companies took a historic step toward decarbonization by launching the Oil & Gas Decarbonization Charter. This article explores the importance of this effort, the opportunities available to the industry to reduce its Scope 1 and 2 emissions, and the key technologies needed to achieve the net-zero goal.
To meet the objective of balancing economic prosperity, energy security, and environmental protection, a natural gas gasification process within a downhole completion tool is proposed that converts methane wells into hydrogen production wells, while simultaneously capturing the process-generated carbon downhole and reinjecting the carbon dioxide into the surrounding g…
If optimized to scale, fast fission reactors could play a role in reducing emissions in field operations by producing carbon-free electricity.
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The project aims to store 5 million tons of CO₂ annually, equivalent to a third of the total CO2 emissions from Dutch domestic vehicles in 1 year. -
A pilot project will explore onboard carbon capture for container ships, and two heavy-hitters are teaming up to find decarbonization paths in the Asia Pacific region. Elsewhere, wind and solar are on track to pass coal in the race to generate electricity.
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The memorandum of understanding aims to improve digital work flows in the emerging carbon capture and storage industry.
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For today’s oil and gas companies, digital twins offer untapped potential to decarbonize the leading source of their emissions—field production.
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This study compares, in a carbon capture and storage (CCS) context, the economics of a traditional business model vs. an alternative business model (a regional CCS hub separately managed by a special-purpose vehicle).
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A surge in permit applications for long-term carbon storage sites reflects where industrially produced carbon dioxide can be harvested, and where the necessary pipelines are.
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The captured carbon dioxide will be permanently sequestered in the Cameron Parish CO2 Hub to be located offshore Louisiana.
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Paving the way for collaboration, the fourth edition of the SPE Symposium on CCUS management witnessed groundbreaking discussions on innovative strategies and initiatives that accelerate the deployment of CCS and CCUS projects in the region.
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Several projects have been scrapped across the US as inflation causes project costs to soar, while projects in Costa Rica and Rotterdam move forward.
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New York-based BlackRock will put more than half a billion dollars into Occidental's first direct air capture project, which is now 30% completed.
