A “pronounced shift” to renewables, combined with a shift to electricity and hydrogen, led BP plc to reduce its annual forecast for global natural gas as a primary energy source. The annual Energy Outlook was introduced on Monday by chief economist Spencer Dale during a webcast. The economics team led by Spencer Dale used Rapid,…
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Oxy Takes $1.3B for Western Properties, Propels Permian Carbon Capture Project Forward
Occidental Petroleum Corp. on Wednesday padded its bottom line with a big deal to sell a bundle of western properties, while boosting another venture to develop a massive carbon capture facility in its No. 1 Lower 48 play, the Permian Basin. The Houston-based independent, better known as Oxy, agreed to sell some Colorado, Utah and…
August 20, 2020
ExxonMobil, Partners Discover Carbon Capture Technology for Industrial Sources
A possible breakthrough in technology that could capture more than 90% of carbon dioxide (CO2) emitted from industrial sources has been announced from scientists at ExxonMobil, University of California, Berkeley and Lawrence Berkeley National Laboratory. Laboratory tests on the patent-pending material, tetraamine-functionalized metal frameworks, could be used to capture CO2 emissions up to six times…
July 27, 2020
DOE Awards Carbon Capture, Storage Project Funding
The U.S. Department of Energy (DOE) has awarded $11.5 million in funding for 12 research projects as part of Phase One of the Advanced Research Projects Agency-Energy’s (ARPA-E) FLExible Carbon Capture and Storage (FLECCS) program. To adapt to conditions in an environment with high variable renewable energy (VRE), FLECCS projects awarded funding are to develop…
July 16, 2020
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