Tag / Ccus

Subscribe

Ccus

Oxy Eyeing 12% Permian Oil, Natural Gas Production Growth as CCUS Projects Advance

Oxy Eyeing 12% Permian Oil, Natural Gas Production Growth as CCUS Projects Advance

Occidental Petroleum Corp. is targeting substantial growth in Permian Basin production volumes while continuing to advance its carbon capture, utilization and storage (CCUS) business, according to management.  Houston-based Occidental, better known as Oxy, is among the largest U.S. oil and gas producers, with domestic operations focused largely on the Permian and Rockies regions, as well…

March 2, 2023
Energy Transfer Working to Sign More SPAs in Tight LNG Market

Energy Transfer Working to Sign More SPAs in Tight LNG Market

Energy Transfer LP said the “extremely competitive” environment for long-term LNG contracting has meant slower progress toward a final investment decision (FID) on its proposed Louisiana export project, but the firm is making progress and could announce new deals soon. Co-CEO Marshall McCrea told investors during a quarterly conference call that the team was “disappointed”…

February 17, 2023
Pennsylvania Governor OKs Act Adding $80M Annually in Tax Credits for Natural Gas, Hydrogen Purchases

Pennsylvania Governor OKs Act Adding $80M Annually in Tax Credits for Natural Gas, Hydrogen Purchases

Pennsylvania Gov. Tom Wolf, a Democrat in the second-largest U.S. natural gas-producing state, approved an act boosting tax credits for natural gas use by billions over decades.  Act 108, enacted from House Bill (HB) 1059 and dubbed the Pennsylvania Economic Development for a Growing Economy (PA EDGE), amends the Keystone State’s tax code to bring…

November 14, 2022
Permian Tapped for Milestone Net-Zero Natural Gas Power Plant, Says NET Power

Permian Tapped for Milestone Net-Zero Natural Gas Power Plant, Says NET Power

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.…

November 9, 2022
Woodside Kicks Up U.S. Carbon Capture Investments with LanzaTech Venture

Woodside Kicks Up U.S. Carbon Capture Investments with LanzaTech Venture

LanzaTech NZ Inc. is poised to gain a boost in U.S. opportunities after Australia’s natural gas and oil giant Woodside Energy Group Ltd. agreed to a $50 million investment. In addition, Woodside has a strategic framework agreement (SFA) to collaborate on pilots that demonstrate LanzaTech’s carbon capture and transformation (CCT) technologies. “With both this collaboration…

October 31, 2022
Chevron Gains Stakes in Three Carbon Capture Projects Offshore Australia

Chevron Gains Stakes in Three Carbon Capture Projects Offshore Australia

Chevron Corp. has snagged a stake in three joint ventures to develop carbon capture projects offshore Australia. The greenhouse gas (GHG) assessment permits granted to Chevron Australia Pty Ltd. are for offshore blocks covering nearly 7.8 million acres. Two permits are for work in the Carnarvon Basin off the northwestern coast and one is for…

September 12, 2022
Shell, Equinor and U.S. Steel Partnering on CCUS, Hydrogen Hubs in Appalachia

Shell, Equinor and U.S. Steel Partnering on CCUS, Hydrogen Hubs in Appalachia

European-based supermajors Equinor ASA and Shell plc are collaborating with United States Steel Corp. to advance “decarbonization opportunities” in the Pennsylvania, Ohio and West Virginia region. U.S. Steel, as it is known, said the cooperation agreement with Equinor US Holdings Inc. and Shell US Gas & Power LLC would include carbon capture utilization and storage…

August 25, 2022
Shell, Equinor and U.S. Steel Partnering on CCUS, Hydrogen Hubs in Appalachia

Shell, Equinor and U.S. Steel Partnering on CCUS, Hydrogen Hubs in Appalachia

European-based supermajors Equinor ASA and Shell plc are collaborating with United States Steel Corp. to advance “decarbonization opportunities” in the Pennsylvania, Ohio and West Virginia region. U.S. Steel, as it is known, said the cooperation agreement with Equinor US Holdings Inc. and Shell US Gas & Power LLC would include carbon capture utilization and storage…

August 18, 2022
Marcellus CCS Project Wins Funding from Global Oil, Gas Firms

Marcellus CCS Project Wins Funding from Global Oil, Gas Firms

Twelve global natural gas and oil majors are backing what could be Pennsylvania’s first carbon capture and storage (CCS) project. Under the auspices of decarbonization investor OGCI Climate Investments (OGCI CI), the multinationals have provided funding for KeyState Natural Gas Synthesis to conduct a pre-front end engineering and design (pre-FEED) study for a project in…

July 7, 2022
Denbury, Nutrien Considering CCUS Project for Ammonia Project in Louisiana

Denbury, Nutrien Considering CCUS Project for Ammonia Project in Louisiana

Denbury Inc. has a preliminary agreement in hand to transport and store carbon dioxide (CO2) captured from a potential “clean” ammonia project in Geismar, LA. Nutrien Ltd.’s PCS Nitrogen Fertilizer LP is evaluating the ammonia facilities location to expand capacity by 1.2 million metric tons/year (mmty) using carbon capture utilization and storage (CCUS) to reduce…

June 1, 2022