Energy transition
The test marks a milestone in the Poseidon CCS project, which aims to store carbon dioxide in the depleted gas reservoir below the Leman development in the southern North Sea.
The company said that quitting its solar and onshore wind power generation projects in Brazil is part of a "portfolio adjustment."
The first phase of the Norwegian project is expected to receive its first carbon dioxide this year, with the second phase slated to start operations in late 2028.
-
This study highlights how the recovery and reuse of existing hydrocarbon infrastructure can contribute to the diffusion of district-heating projects that implement the principles of the circular economy. -
The companies have announced they will work together to integrate geothermal well engineering and project delivery globally.
-
A recent report from Wood Mackenzie highlights the role of natural gas in supporting renewables and reducing emissions.
-
Closed-loop geothermal systems have entered the new-energy arena to generate electricity using the underground as a heat exchanger.
-
Equinor will reduce investments in renewables over the next 2 years by 50% to $5 billion and will increase its focus on oil and gas production, expecting more than 10% growth from 2024 to 2027.
-
The companies said they plan to work together on developing geopressured geothermal systems for low-carbon energy storage and geothermal power generation.
-
Greenhouse gases are woven into every stage of a well’s life, which presents challenges that demand creative solutions that do not require too much capital.
-
Wood Mackenzie reports that prices would need to rise, capital discipline would need to evolve, and spending would need to increase by 30% for the upstream sector to meet demand in a delayed energy transition scenario.
-
The agreement aims to accelerate new commercial technologies that address challenges with geothermal development.
-
GEODE is a consortium led by Project InnerSpace and the Society of Petroleum Engineers and funded by the US Department of Energy’s Geothermal Technologies Office.
