carbon capture

Oxy Subsidiary Says Gulf Coast CCS Hub to Enter Service by 2026

Oxy Subsidiary Says Gulf Coast CCS Hub to Enter Service by 2026

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…

March 7, 2023
With $1.1B EnVen Takeover, Talos Positions for ‘More Competitive’ CCS Business

With $1.1B EnVen Takeover, Talos Positions for ‘More Competitive’ CCS Business

Talos Energy Inc. has completed its merger with EnVen Energy Corp., expanding its Gulf of Mexico (GOM) footprint and positioning the independent to advance the growing carbon capture and sequestration (CCS) business.  After completing the sale, Talos reported it had an outstanding market capitalization of about $2.5 billion and more than 126 million shares of…

February 17, 2023
Canadian Natural Gas Industry Moving Ahead with Carbon Capture, Storage Projects

Canadian Natural Gas Industry Moving Ahead with Carbon Capture, Storage Projects

The Alberta oil and natural gas industry entered 2023 with plans to use carbon capture and storage (CCS) to score an 18-fold jump in discarding greenhouse gas (GHG) emissions from production, according to the Canada Energy Regulator (CER). The CER disclosed commitments to increase CCS disposal to 56 million tons (Mt) per year by seven…

January 10, 2023
EQT Eliminates Natural Gas-Powered Pneumatic Devices, Sharply Cuts Methane Emissions  

EQT Eliminates Natural Gas-Powered Pneumatic Devices, Sharply Cuts Methane Emissions  

Pittsburgh-based EQT Corp. may be the largest U.S. natural gas producer, but a commitment to reducing carbon emissions led management to spend $28 million to replace or retrofit 100% of its gas-powered pneumatic devices. The initiative led to a 70% reduction in methane emissions. The annual carbon footprint also declined, down by 305,614 metric tons…

January 6, 2023
Another Gulf Coast CCS Venture Underway by Repsol, Partners

Another Gulf Coast CCS Venture Underway by Repsol, Partners

In a field crowded with potential projects, Spanish supermajor Repsol SA is partnering with Carbon-Zero US LLC, Cox Operating LLC and Crescent Midstream to develop a carbon capture and sequestration (CCS) hub on the Gulf Coast. Repsol and Carbon-Zero, a Cox affiliate, last year agreed to evaluate CCS opportunities on the coast. Initially, the consortium…

December 22, 2022
Chevron Leads Latest Fundraising for Svante to Advance Carbon Capture Technology

Chevron Leads Latest Fundraising for Svante to Advance Carbon Capture Technology

Svante, considered a leader in developing carbon capture technologies, said a division of Chevron U.S.A. Inc. was lead investor in a $318 million fundraising round, which is to be used to accelerate the business.  Chevron New Energies (CNE) provided most of the financing. CNE was formed in 2021 to accelerate opportunities in carbon capture utilization…

December 21, 2022
Denbury Captures New Sites in Louisiana and Mississippi to Store CO2

Denbury Captures New Sites in Louisiana and Mississippi to Store CO2

Denbury Inc., long a leader in carbon sequestration, has captured agreements to potentially develop projects in Louisiana and Mississippi. One agreement is with a landowner in southwestern Louisiana, which includes 31,000 acres in Allen, Beauregard and Vernon parishes. The site is about 25 miles north of Denbury’s Green Pipeline, which transports CO2 for carbon capture…

December 15, 2022
Developer Says West Virginia Natural Gas-Fired Power Plant to Benefit from Federal Incentives

Developer Says West Virginia Natural Gas-Fired Power Plant to Benefit from Federal Incentives

CPV Group LP said Monday it has selected Doddridge County, WV, as the site of a planned $3 billion, 1,800 MW combined-cycle natural gas-fired power plant that would use carbon capture technology to minimize emissions. CPV is majority owned by Israel-based energy solutions company OPC Energy Ltd., whose shares trade on the Tel Aviv Stock…

December 14, 2022
Carbon Capture Said Essential to Future of Natural Gas

Carbon Capture Said Essential to Future of Natural Gas

A new study has found that carbon capture and storage (CCS) technologies are a necessary component to natural gas serving as part of a transition toward lower carbon emissions. The research was undertaken by academics across universities in Canada and the United States, and was published in the peer-reviewed journal Nature Climate Change. The team…

December 9, 2022
Oxy, Enbridge Pondering Carbon Capture Hub in Corpus Area of South Texas

Oxy, Enbridge Pondering Carbon Capture Hub in Corpus Area of South Texas

Enbridge Inc. and a subsidiary of Occidental Petroleum Corp. are in the early stages of developing a carbon capture hub in the Corpus Christi area of South Texas, an LNG and oil export hub and home to several petrochemical facilities. Oxy Low Carbon Ventures (OLCV) and Calgary-based Enbridge signed a letter of intent to jointly…

December 6, 2022