Decarbonization

Broad consensus is forming on the need for a massive expansion in global carbon capture and storage (CCS) capacity. But what are the uncertainties, bottlenecks, and opportunities in the subsurface that await CCS planners?

Greenland may have said “no” to oil and gas, but its vast mineral wealth is up for grabs as the world’s biggest billionaires invest to claim metal reserves needed to manufacture batteries.

While CCS and CCUS become more ensconced in oil and gas energy-transition strategy, one major project has fallen short of targets. Infrared sensor technology could fill a crucial gap in halting methane leaks. And a geothermal startup gets a big vote of confidence from industry and celebrities.

Occidental Petroleum is planning a carbon-intensive future with revenues from oil expected to be put toward pulling carbon dioxide out of the air.

For some, the payoff for going green can be astronomical. Others can rest assured that they will be well positioned in the transition.

The world’s largest emissions trading market will probably start slowly.

Shell signed a 5-year contract to supply PetroChina with carbon-neutral LNG using carbon credits to offset emissions from Shell’s own emission-reduction project portfolio.

Russian President Vladimir Putin has signed a new law regulating carbon dioxide emissions as the country strives to fulfill promises to significantly reduce its carbon footprint by 2030.

While Schlumberger, Halliburton, and Baker Hughes focus their legacy technology and service portfolios on driving up efficiency, driving down cost, and making current sources of energy less carbon intensive, they diverge on their approaches to scaling up development and deployment of breakthrough clean energy technologies.

Natural gas is produced from the ground now, but maybe not forever.