Six U.S. projects designed to advance direct air capture (DAC) technology to snatch carbon emissions from the atmosphere are the focus of a new federal funding effort. The Department of Energy (DOE) is deploying $12 million for research and development (R&D) underway to remove carbon dioxide (CO2) emissions from the air. Funding is being directed…
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Duke, Malta Consider Converting Coal Plant to Zero-Emissions Energy Storage
In an effort to further its goal of achieving net-zero carbon by 2050, Duke Energy is taking part in a study to convert retiring coal units into long-duration, zero-emissions energy storage systems. The North Carolina-based utility is studying the socioeconomic, environmental and operational benefits of integrating Malta Inc.’s 100 MW, 10-hour pumped heat energy storage…
Suncor Invests in Svante to Quash CO2, Build Out Blue Hydrogen
Suncor Energy Inc., one of Canada’s largest oilsands independents, has agreed to join a group of oil and gas heavyweights to back Svante Inc. as it works to accelerate commercializing more carbon capture technologies. The latest $25 million infusion is designed to fund technology to reduce greenhouse gas (GHG) emissions in industrial applications and to…
Oil Price Improvement ‘Faster’ Than Expected, Says Aramco CEO
Saudi Arabia’s state-owned oil and gas company is using technology and reservoir management to segue into an “unprecedented moment” in history, as it works to supply necessary energy while reducing emissions, CEO Amin Nasser said earlier this month. Nasser and his management team held a conference call to discuss the 2020 results for Saudi Arabia…
Expro Tie-Up with Frank’s International to Create Global Well Specialist
Houston-based Frank’s International NV agreed Thursday to combine in an all-stock transaction with the UK’s Expro Group, a tie-up that would bring together well experts ready to tackle what they see as growing opportunities. Expro, which would own 65% of the combined entity, is a privately held well access and flow optimization expert that employs…
Upwing Achieves Certification as Carbon-Neutral Equipment Producer
Upwing Energy Inc., which has provided artificial lift technology for the oil and gas industry since 2016, said it has been independently certified as a carbon neutral company under standards set by the British Standards Institution (BSI). According to the Cerritos, CA-based oilfield services operator, Upwing’s certification can benefit exploration and production (E&P) companies through…
PG&E Partnering to Detect Methane Leaks, Carbon Capture Repurposing
Pacific Gas and Electric Co. (PG&E) is partnering in research that executives said could shift the paradigm for methane detection and carbon capture/repurposing. Reducing PG&E’s carbon footprint is a major focus of its Gas Operations Research, Development and Innovation team that is supporting California’s goal to reduce methane emissions by 40% below 2015 levels in…
Liberty Adds Heft in North American Land with Schlumberger’s OneStim
Denver-based Liberty Oilfield Services Inc. has completed its takeover of Schlumberger Ltd.’s OneStim, the massive U.S. and Canada onshore hydraulic fracturing business, in exchange for 37% equity. The transaction, completed on the final day of 2020, moved Liberty into the top tier of onshore completions experts. OneStim provides expanded opportunities in pressure pumping, pump down…
Texas A&M Enters Digital Oil, Gas Deal to Create Modern Learning Opportunities for Students
Texas A&M University’s (A&M) petroleum engineering school is partnering with Houston-based software firm Tachyus to enhance access for students to cutting-edge technology such as machine learning and predictive modeling. “Our platform aims to be a tool that allows students, early on, to become accustomed to modeling and optimization software so that upon entering the workforce…
Penn State Gains Funding to Expand Work on Supercomputer-Aided Natural Gas Turbines
The U.S. Department of Energy (DOE) recently granted a Pennsylvania State University (Penn State) team of scientists $1.2 million to build an integrated computational and experimental framework for manufacturing ultrahigh-temperature refractory alloys. These refractory alloys would contribute to an increased operating temperature on top of higher efficiency in natural gas turbines. The DOE’s Advanced Research…