CCS

Houston-based Talos Energy Inc. is snapping up QuarterNorth Energy Inc., a privately held U.S. deepwater explorer in the Gulf of Mexico (GOM), as it doubles down to expand its “operational breadth and production profile,” CEO Timothy Duncan said. The $1.29 billion cash-and-stock definitive agreement, announced on Monday, would increase Talos output for 2024 by about…

Japan’s Inpex Corp. has received government approval for the long-delayed Abadi natural gas production and LNG project in eastern Indonesia, which includes plans for carbon capture and sequestration (CCS) facilities. With Indonesia’s rising domestic natural gas consumption and dwindling production, the country has been keen to develop its untapped resources to meet both international and…

EnLink Midstream LLC continues to see signs of an increasing need for natural gas, with the Permian Basin poised for significant growth ahead following a record quarter. Dallas-based EnLink reported that average natural gas gathering volumes in the Permian were about 6% higher sequentially and 15% higher than the prior-year quarter. Average natural gas processing…

A carbon capture project that would be sited offshore Louisiana’s industrial-heavy Cameron Parish is inching forward after Carbonvert Inc. and Castex Energy Inc. clinched an operating agreement with state officials. Houston-based Carbonvert, a carbon capture and storage (CCS) expert, is teaming with Castex subsidiary Castex Carbon Solutions LLC to capture carbon dioxide (CO2) emissions at…

Houston-based Buckeye Partners LP on Monday said it would buy Elysian Carbon Management in a sign that mirrors ExxonMobil’s recent decision to snap up Denbury Inc. to expand carbon capture services. Buckeye said it would take over Elysian from EnCap Flatrock Midstream for an undisclosed amount. Elysian provides integrated end-to-end carbon capture and storage (CCS)…

Well completion activity is on the rise in North Dakota, likely heralding a surge in oil and gas production and underscoring the need for more natural gas egress capacity, state regulators said Friday (July 14). Department of Mineral Resources (DMR) Director Lynn Helms and North Dakota Pipeline Authority Director Justin Kringstad held a press conference…

Supporters of carbon capture and storage (CCS) have accelerated a campaign for government support with an open letter to leaders in Canada, the UK and the United States.  “The world can’t afford to ignore CCS as a key tool in fighting climate change, along with energy efficiency and greater electrification,” said the letter from industry…

In a push to expand its low carbon opportunities on the Gulf Coast, ExxonMobil agreed Thursday to pay $4.9 billion to acquire Denbury Inc., a leading carbon capture developer.  Denbury, an enhanced oil recovery (EOR) specialist, is working on several carbon capture and storage (CCS) projects on the Gulf Coast, with extensive carbon dioxide (CO2)…

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.…