carbon capture

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…

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…

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…

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…

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…

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,…

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…

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…

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…