carbon capture

Schlumberger, Sintela Co-Developing Upstream, Midstream CCS Solutions

Schlumberger, Sintela Co-Developing Upstream, Midstream CCS Solutions

The No. 1 global oilfield services company, Schlumberger Ltd., has reached an agreement with Sintela Ltd. to co-develop fiber optic solutions for carbon capture and storage (CCS), as well as the energy and geothermal industries.  The new solutions will be designed to “enhance measurement data handling capability” and deliver “insights to our upstream and midstream…

April 11, 2022
Substantial Roles Seen for Natural Gas, Carbon Capture in 1.5-C Degree World

Substantial Roles Seen for Natural Gas, Carbon Capture in 1.5-C Degree World

Natural gas should play a reduced, yet still significant role, in the global energy mix even if anthropogenic global warming is limited to 1.5 C degrees, according to the latest modeling by the United Nations (UN) climate change panel. The UN’s Intergovernmental Panel on Climate Change (IPCC) analyzed scenarios in the latest report, which indicate…

April 8, 2022
Enbridge, Pembina, Shell, Suncor and TC on Short List for Alberta CCUS

Enbridge, Pembina, Shell, Suncor and TC on Short List for Alberta CCUS

The Alberta government announced a first shortlist Thursday of eligible bidders for provincially owned geological formations needed for carbon capture, utilization and storage (CCUS) sites. “If developed, these hubs will help safely grow and diversify Alberta’s energy sector and reduce emissions for multiple industries,” said the provincial government.  CCUS projects would reflect a key provincial…

April 1, 2022
Carbon Capture Spending Forecast to Surge Over Next Three Years

Carbon Capture Spending Forecast to Surge Over Next Three Years

Service sector spending on carbon capture and storage (CCS) projects is poised to quadruple globally from 2022-2025, driven by favorable policies and investor support, according to new analysis from Rystad Energy. Cumulative spending over the three-year period is forecast to exceed $50 billion, the Oslo-based consultancy said, with North America and Europe accounting for the…

March 21, 2022
California Resources Carbon Management Centerpiece Makes Regulatory Progress

California Resources Carbon Management Centerpiece Makes Regulatory Progress

Exploration and production (E&P) firm California Resources Corp. (CRC) is making progress on the regulatory front for its nascent carbon management unit, according to management. “On the carbon management business side, we were very active in 2021 and will continue to advance our strategy in 2022,” CEO Mac McFarland told analysts during CRC’s fourth quarter…

March 10, 2022
Continental Investing in Midwest Carbon Capture Pipeline, Sequestration Project

Continental Investing in Midwest Carbon Capture Pipeline, Sequestration Project

Continental Resources Inc. is investing in a pipeline to capture and then transport carbon from ethanol plants across the Midwest to a sequestration project in North Dakota. The Oklahoma City-based independent will invest $250 million in Summit Carbon Solutions’ project to capture carbon dioxide (CO2) from ethanol plants and other industrial sources in Iowa, Nebraska,…

March 9, 2022
As Oilsands Production Drives Growth, Cenovus Eyes CCUS Opportunities

As Oilsands Production Drives Growth, Cenovus Eyes CCUS Opportunities

The first stage in the planned Alberta oilsands environmental cleanup is to be a carbon capture, utilization and storage (CCUS) network able to collect greenhouse gas (GHG) emissions from 20 operations, according to bitumen producer Cenovus Energy Inc. “Discussions are ongoing with the federal and provincial governments to ensure the necessary policy and financial support…

February 10, 2022
Valero CEO Says Gasoline Demand at Pre-Pandemic Levels, Forecasts Tight Global Supply

Valero CEO Says Gasoline Demand at Pre-Pandemic Levels, Forecasts Tight Global Supply

Refining heavyweight Valero Energy Corp. ended 2021 with gasoline demand at pre-pandemic levels and diesel demand higher than pre-pandemic levels across its system, CEO Joe Gorder said Thursday. “We also saw a significant jet fuel recovery as domestic and international travel opened up, increasing from approximately 60% of pre-pandemic levels at the beginning of the…

January 31, 2022
Louisiana Green Diesel Project Using CCS Advancing for Caldwell Parish Port

Louisiana Green Diesel Project Using CCS Advancing for Caldwell Parish Port

The Port of Columbia in Caldwell Parish, LA, and Strategic Biofuels LLC jointly announced the port has received a $15 million grant to improve the port’s accessibility and infrastructure in preparation for the Louisiana Green Fuels (LGF) renewable diesel plant.  The grant is from the Louisiana Department of Transportation and Development (DOTD) through its Louisiana…

January 26, 2022
‘Lowest Cost’ CCUS Solution Said Ready to Deploy for Power Generation, Industrial Sectors

‘Lowest Cost’ CCUS Solution Said Ready to Deploy for Power Generation, Industrial Sectors

Honeywell International Inc. said it will collaborate with the University of Texas at Austin (UT) to commercialize a lower cost carbon capture technology for the power generation and industrial sectors. The project was developed by researchers at UT’s Texas Carbon Management Program (TxCMP). An advanced amine solvent “enables carbon dioxide (CO2) to be captured at…

December 17, 2021
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