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direct air capture

Articles from direct air capture

‘No Interest’ in Purchasing or Managing Oxy, Berkshire’s Buffett Tells Shareholders

E&P

‘No Interest’ in Purchasing or Managing Oxy, Berkshire’s Buffett Tells Shareholders

Berkshire Hathaway may own more than one-quarter of Occidental Petroleum Corp. (Oxy), but the giant investment firm has no plans to take over, Chairman Warren Buffett said. Oxy is an investment “that we expect to maintain indefinitely,” Buffett stated In his annual letter to shareholders. At the end of 2023, Berkshire owned 27.8% of Oxy’s…

February 27, 2024
Midstream Giant Buckeye Agrees to Buy Elysian for CCS Expertise

Energy Transition

Midstream Giant Buckeye Agrees to Buy Elysian for CCS Expertise

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)…

July 26, 2023
Oxy Scores with Houston Texans to Reduce Team’s Carbon Emissions

Energy Transition

Oxy Scores with Houston Texans to Reduce Team’s Carbon Emissions

The NFL’s Houston Texans have signed up a unit of Occidental Petroleum Corp. to tackle and bring down carbon emissions for the team’s air travel over the next three seasons. Oxy, as it is known, said subsidiary 1PointFive clinched an agreement and sponsorship with the team to help defray carbon dioxide (CO2) emissions for air…

January 11, 2023
Scaling DAC to ‘Megaton Levels’ Said Goal of Wyoming’s Project Bison CO2 Project

Energy Transition

Scaling DAC to ‘Megaton Levels’ Said Goal of Wyoming’s Project Bison CO2 Project

Climate technology company CarbonCapture Inc., which develops direct air capture (DAC) systems, has set a goal with carbon storage developer Frontier Carbon Solutions to permanently remove 5 million metric tons/year of atmospheric carbon dioxide (CO2) from Wyoming by 2030. The state was selected for the carbon sequestration project because of the “broad availability of renewable…

September 14, 2022
Oxy Open to More Permian JVs, and Interest Growing in West Texas DAC Project

Earnings

Oxy Open to More Permian JVs, and Interest Growing in West Texas DAC Project

Buoyed by a supportive commodity price environment, Occidental Petroleum Corp. claimed its highest free cash flow since the turn of the century, with production at the high end of guidance even with extended downtime from Hurricane Ida. CEO Vicki Hollub and her executive team shared the third quarter results during a wide-ranging conference call. Hurricane…

November 8, 2021