Every energy company, it seems, wants to get into the act to advance carbon capture for their natural gas and oil operations, as well as their petrochemical facilities. Dozens of U.S. projects are on the design table, but many remain in limbo, as investors await clarity about permitting, financing and tax breaks. Many energy industry…
carbon capture and sequestration
Articles from carbon capture and sequestration
Svante, GE Looking to Capture Carbon from Natural Gas Turbines
Svante Inc., considered to be a leader in carbon capture technologies, and General Electric (GE) Gas Power have partnered to to decarbonize natural gas-fired turbines. The joint development agreement (JDA) was reached a few months after GE agreed to help fund Svante in a $318 million Series E fundraising. “GE’s 130-plus years of experience in…
March 23, 2023
Biden Administration Ready to Accelerate Carbon Capture Technologies with $2B-Plus in Funding
The Biden administration is funding $2.52 billion to accelerate investments in carbon capture storage (CCS) and carbon transport technologies. The Bipartisan Infrastructure Investment and Jobs Act of 2021 funded two programs: the Carbon Capture Large-Scale Pilots and Carbon Capture Demonstration Projects. The goal of these programs is to decrease carbon dioxide (CO2) emissions from electricity…
March 14, 2023
Oxy Scores with Houston Texans to Reduce Team’s Carbon Emissions
The NFL’s Houston Texans have signed up a unit of Occidental Petroleum Corp. to tackle and bring down carbon emissions for the team’s air travel over the next three seasons. Oxy, as it is known, said subsidiary 1PointFive clinched an agreement and sponsorship with the team to help defray carbon dioxide (CO2) emissions for air…
January 11, 2023
Momentum Midstream Takes FID on 1.7 Bcf/d Haynesville Natural Gas Gathering, Carbon Capture Project
Private equity-backed Momentum Midstream LLC said Thursday it is moving forward with the New Generation Gas Gathering (NG3) project in the Haynesville Shale. The project, which is meant to supply growing Gulf Coast and LNG export demand, is to have initial capacity of 1.7 Bcf/d, expandable to 2.2 Bcf/d. Momentum is a subsidiary of Encap…
September 26, 2022
ExxonMobil Gains First-of-Its-Kind Federal OK to Bury CO2 in Wyoming
ExxonMobil has been given the green light by federal officials to sequester carbon emissions deep underground in Wyoming, the first project of its kind to gain approval on federal lands. The Department of Interior’s Bureau of Land Management (BLM) approved the sequestration project in Lincoln and Sweetwater counties. A carbon dioxide (CO2) disposal well pad…
August 29, 2022
Natural Gas, Oil Industry-backed Louisiana CCS Law Builds Case for Renewable Diesel Project
A new Louisiana carbon capture and sequestration (CCS) law should benefit the state’s renewables as well as natural gas and oil sectors, industry officials told NGI. Act 163, which took effect Aug. 1, provides extra carbon dioxide (CO2) “reservoir storage security” in Caldwell Parish, reported Strategic Biofuels LLC. The firm plans to develop the Louisiana…
August 15, 2022
Upstream Oil, Natural Gas Investments Rising, but Renewables Said Driving Growth
While investments in the global energy industry are expected to jump 8% from 2021 to 2022, investments in fossil fuels have not returned to pre-pandemic levels, according to the International Energy Agency (IEA). Investments in upstream oil and natural gas activities are projected to rise 10% year/year in 2022, but are likely to fall short…
June 30, 2022
BKV, EnLink to Capture Emissions from Natural Gas-Rich Barnett Shale
BKV Inc., the biggest natural gas producer in the Barnett Shale, is partnering with EnLink Midstream LLC to develop what could be one of the first commercial carbon capture and sequestration (CCS) projects to come online in the United States. The project envisioned could begin in 2023 after the partners clinched a final investment decision…
June 13, 2022
Chevron Looking to Crush Carbon Emissions in Central California Operations
Chevron Corp. is expanding its reach into capturing and storing carbon emissions across its global businesses, with one endeavor trained in Central California. Chevron U.S.A. Inc., through the Chevron New Energies division, is advancing a carbon capture and storage (CCS) project in the San Joaquin Valley (SJV) at the Kern River Eastridge cogeneration plant in…
May 24, 2022
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
