Energy transition
The capability of modern wellbore surveying to increase asset value through improved subsurface modeling and completion-equipment placement is being overlooked by managers of operating companies.
This study ascertains the capital expenditure and operating expenditure associated with the reuse of existing facilities, specifically regarding a carbon capture and storage project being prepared in South Korea.
The authors state that issues faced by the Gorgon carbon capture and storage project primarily relate to risk and pressure management of the produced water from the Dupuy formation rather than from capture, transport, injection, and storage technologies.
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A new 1.0 Bcf/D facility in Baytown, Texas, is expected online no later than 2028. -
An EU project is bringing together 15 partners from seven countries to work on designing and manufacturing superconducting cables to enable more efficient and less costly power transmission from renewable electricity generation sites.
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Spending on low-carbon projects will increase by $60 billion this year, 10% higher than 2022, led by wind developments but helped by a significant rise in funding for hydrogen and carbon capture, utilization and storage infrastructure, Rystad Energy research shows.
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A company plans to use compressed air to store energy underground in California. The US Postal Service makes a historic announcement. India and Brazil set their sights on green hydrogen, and ammonia cracking takes center stage in Germany.
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One of the problems with geothermal is that the rock that is hot enough to create the steam needed to run a power plant is also capable of destroying drilling hardware.
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Oil and gas companies play important roles in the global push for energy security and carbon reduction. Here’s how they can excel at both.
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Among the outcomes from COP27 that SPE will be discussing in future meetings and publications are the participation of the oil industry in the conference, decarbonization vs. reduction, and attempts to phase out petroleum. Also, read about how SPE Energy Stream selects and presents live and on-demand programming.
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Denbury acquires carbon-storage land in the South, Baker Hughes forms a new wells consortium, and Chevron and BP expand their investments. Hydrogen takes center stage across the globe, while the international energy transition makes strides toward its goals.
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The two companies said they will work together to try to find the best places to develop geothermal energy and advance the necessary technologies to commercial scale.
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Chevron and Occidental plan to launch separate projects to help secure the commercial future of geothermal development in the US.
