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…
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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…
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…
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…
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…
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…
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…
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…
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…
300 MW Net-Zero Natural Gas Power Plant Planned for Permian Basin
With a pilot project validating an innovative system to produce electricity from natural gas while generating near-zero emissions, NET Power LLC is leading a consortium to construct a 300 MW carbon-free generator in the Permian Basin. NET Power advanced the West Texas project following success with its supercritical carbon dioxide (CO2) demonstration plant in 2018.…