carbon capture

Carbon capture and sequestration (CCS) specialist Denbury Inc. on Tuesday announced plans to develop two new carbon dioxide (CO2) sequestration sites in Louisiana. The first would be developed in a 50/50 joint venture with fellow CCS firm Lapis Energy LP at Lapis’ 14,000-acre site in St. Charles Parish, about 20 miles west of New Orleans.…

TC Energy Corp. has built the transition from natural gas and oil into its strategy, with a clear eye on how to deliver value even as the global supply mix evolves, CEO François Poirier said Tuesday. TC’s Sustainability Energy Forum offered the executive team a platform to detail the roadmap that the North American midstream…

Colorado Gov. Jared Polis earlier this week (May 22) stamped a slew of legislation that aims to propel the state toward its target of 100% renewable energy by 2040, including a bill rebranding and expanding oversight for the Colorado Oil & Gas Conservation Commission (COGCC). State Senate Bill (SB) 23-285, aka Energy & Carbon Management…

Major global natural gas and crude oil producer Hess Corp. is donating $50 million to Salk Institute’s Harnessing Plants Initiative (HPI) over the next five years to advance initiatives toward net-zero emissions. The funds would support research operations and infrastructure for the new Hess Center for Plant Science.  “The Harnessing Plant Initiative is a potential…

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…

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…

Occidental Petroleum Corp. subsidiary 1PointFive has leased more than 55,000 acres along the Texas coast to develop a carbon capture and sequestration (CCS) hub, management said Thursday. The Bluebonnet Hub would be sited in Chambers, Liberty and Jefferson counties southeast of Houston. The hub as designed would boast capacity to hold about 1.2 million metric…

U.S. Secretary of Energy Jennifer Granholm told a crowd of energy executives on Wednesday that even as the Biden administration targets a nationwide, carbon-neutral country by 2050, oil and natural gas is going to remain a part of the energy mix for years to come.  “We know that even the boldest projections for clean energy…

Occidental Petroleum Corp. subsidiary 1PointFive has leased more than 55,000 acres along the Texas coast to develop a carbon capture and sequestration (CCS) hub, management said Thursday (March 2). The Bluebonnet Hub would be sited in Chambers, Liberty and Jefferson counties southeast of Houston. The hub as designed would boast capacity to hold about 1.2…