Carbon capture plays prominent role in latest Gulf lease auction
Carbon capture and storage played a large role in Lease Sale 257, which recorded a bumper crop of bids from oil and gas producers Nov. 17 for drilling rights in Continue Reading
Shale firm EOG aims to launch carbon capture project by late 2022
U.S. shale oil firm EOG Resources (EOG.N) said on Friday it aims to begin a carbon dioxide injection program by late 2022 to reduce greenhouse gases from its oil and Continue Reading
U.S. sets goal to drive down cost of removing CO2 from atmosphere
U.S. President Joe Biden’s administration on Friday set a goal for driving down the cost of removing carbon dioxide from the atmosphere, as part of a U.S. plan to decarbonize Continue Reading
Energy Department Aims to Slash Cost of Removing Carbon From the Air
The U.S. Department of Energy on Friday will unveil its biggest effort yet to drastically reduce the cost of technologies that suck carbon dioxide out of the atmosphere, in a Continue Reading
Global carbon capture projects surge 50% in 9 months -research
Global plans to build carbon capture and storage (CCS) plants have mushroomed over the last nine months as governments and companies accelerate the hunt for ways to cut emissions and Continue Reading
World’s Largest Carbon-Sucking Plant Starts Making Tiny Dent in Emissions
The world’s largest direct-air capture facility, Orca, right, at the Hellisheidi geothermal power site, in Iceland. Startups Climeworks and Carbfix are working together to store carbon dioxide removed from the Continue Reading
PNNL team develops new low-cost method to convert captured CO2 to methane
Researchers at the Department of Energy’s Pacific Northwest National Laboratory have developed a new method to convert captured CO 2 into methane, the primary component of natural gas. By using Continue Reading
China’s CNOOC launches first offshore carbon capture project
China’s top offshore oil and gas producer, CNOOC, has launched the country’s first offshore carbon capture and storage (CCS) project in South China Sea, which is expected to store more Continue Reading
Swiss Re Signed a $10 Million Carbon Capture Deal
Reinsurance giant Swiss Re announced Wednesday that it had signed the world’s first long-term agreement to take carbon directly out of the air. The contract with Climeworks AG, one of Continue Reading
Pipeline groups attempt reinvention with carbon capture push
The US oil and gas pipeline industry is looking for new opportunities to lay steel in the ground with pipes that carry the carbon dioxide produced when fossil fuels are Continue Reading
CO2-Capture Plan Using Old Oil Reservoirs in Denmark Moves Ahead
A Danish project to store captured CO2 in North Sea reservoirs that were once filled with oil and gas moved a step closer to becoming operational, after winning approval from Continue Reading
Cost to Bury Carbon Near Tipping Point as Emissions Price Soars
Skyrocketing carbon prices and a “ code red ” warning about the threat posed by climate change are giving fresh momentum to a technology that captures and removes greenhouse gas Continue Reading
Chevron and Exxon Issue CCS Updates
Check out this recap of popular downstream-related articles on Rigzone. Rigzone’s downstream readers showed much interest last week in new carbon capture and storage (CCS) developments from a pair of Continue Reading
ExxonMobil, Chevron affirm large scale carbon capture projects in Q1 calls
ExxonMobil and Chevron confirmed their commitments to building large-scale projects to address climate change April 30, beginning with a focus on carbon capture. Receive daily email alerts, subscriber notes & Continue Reading
Will Big Oil’s Huge Carbon Capture Bet Pay Off?
“We’re sending carbon back where it came from,” Norway’s energy giant Equinor says , describing its efforts to make carbon capture and storage (CCS) commercially viable in a future decarbonized Continue Reading
Billionaires’ Favorite Climate Solution Is a Dangerous Distraction
An Elon Musk tweet can do everything from moving the stock market to convincing people to invest in a joke cryptocurrency. So when the richest man on Earth tweeted in Continue Reading
Big Oil Is Getting Serious About Carbon Capture
Five years ago, a handful of oil majors launched what they called the Oil and Gas Climate Initiative with the stated aim of accelerating the energy industry’s response to climate Continue Reading
Baker Hughes Dips Into Carbon Capture as Climate Pressures Grow
Baker Hughes Co., one of the world’s biggest oilfield servicers, bought technology that enables companies to capture carbon emissions with a view to storing them underground as the industry faces Continue Reading
Global carbon capture and storage capacity grew by 33% in 2020, says new report
Global carbon capture and storage facility capacity increased by 33% in 2020 and 12 new commercial projects were added in the Americas, bringing that total to 38 operating facilities, which Continue Reading
Can Big Oil Make Carbon Capture Mainstream?
The growing global drive to curb emissions has called attention to the processes of carbon capture, utilization, and storage (CCUS), heralded as an indispensable technology that will help the world Continue Reading
Baker Hughes Dips Into Carbon Capture as Climate Pressures Grow –
Baker Hughes Co., one of the world’s biggest oilfield servicers, bought technology that enables companies to capture carbon emissions with a view to storing them underground as the industry faces Continue Reading
Carbon Capture Is Going To Become Critical
“Reaching net zero will be virtually impossible without CCUS,” the International Energy Agency (IEA) said in a recent report on the role of carbon capture, utilization, and storage in the Continue Reading
Net Zero Goals Impossible Without Costly Carbon Capture
“Reaching net zero will be virtually impossible without CCUS,” the International Energy Agency (IEA) said in a recent report on the role of carbon capture, utilization, and storage in the Continue Reading
Exxon Touts Carbon Capture as a Climate Fix, but Uses It to Maximize Profit and Keep Oil Flowing
Sprawled across the arid expanse of southwestern Wyoming is one of the world’s largest carbon capture plants, a hulking jumble of pipes, compressors and exhaust flues operated by ExxonMobil. The Continue Reading
Chevron Teams Up on Carbon Capture Investment
The investment will be used to deliver a pipeline of global projects to lower emissions from the oil and gas industry. Chevron Technology Ventures, the tech arm of Chevron Corp., Continue Reading
This Crazy Idea Could Be The Future Of Power Generation
Carbon capture and storage or reuse is gaining traction amid intensifying efforts to curb the effect of climate change on the planet. Now, a Swiss-Norwegian team of researchers has gone Continue Reading