Carbon Capture

MicroSeismic wins second Department of Energy grant for carbon capture and storage services

MicroSeismic wins second Department of Energy grant for carbon capture and storage services

World Oil


(WO) – MicroSeismic, Inc. will receive $199,721 as part of the Department of Energy grants totaling $16,676,827 to 77 small businesses in 25 states, in support of scientific energy innovation and clean energy development. The MicroSeismic DOE project …

Source: Oil Price

Global emissions trading raised a record $63 billion in 2022

Oil Price


Emissions Trading Systems (ETS) raised a record $63 billion for governments last year, as the energy crisis pushed policymakers to double down on decarbonization efforts, intergovernmental forum International Carbon Action Partnership (ICAP) said in a new report on …

Source: Reuters

BP economist: oil industry focused “too much” on decarbonization in 2022

World Oil


(Bloomberg) – BP Plc’s Chief U.S. Economist Michael Cohen said the oil industry focused too much on cutting greenhouse gases last year, eroding its ability to keep pace with demand.

 

“2022 taught us that too much focus …

Carbon Clean expands into U.S. to meet booming demand for carbon capture technology

Carbon Clean expands into U.S. to meet booming demand for carbon capture technology

World Oil


(WO) – Carbon Clean, a leading global carbon capture solutions business, has announced a significant expansion in North America to meet booming demand for its carbon capture technology. The company has opened its U.S. headquarters in Houston, Texas …

Source: Reuters

Chevron, partners expand “one of the largest carbon capture projects in U.S” onshore Texas

World Oil


(WO) — Bayou Bend CCS LLC, a carbon capture and sequestration project located along the Texas Gulf Coast, is expanding its carbon dioxide storage footprint through the acquisition of nearly 100,000 acres onshore in Chambers and Jefferson Counties, …

Source: Reuters

Global energy-related CO2 emissions edged up to record high in 2022 – IEA

Nasdaq


LONDON – Global energy-related emissions of carbon dioxide hit a record high last year, although more clean technology such as solar power and electric vehicles helped limit the impact of increased coal and oil use, the International Energy Agency …

Source: Oil Price

Oil and gas concessions could break the net-zero banking alliance

Oil Price


Internal tensions are rising within the Net-Zero Banking Alliance, an offshoot of the Glasgow Financial Alliance for Net Zero, as transition-focused members get annoyed that less conscientious ones are being allowed to continue financing oil and gas.

According …

Source: Oil Price

Climate crisis tide turns for big oil

Oil Price


Constant accusations of knowing the effects of their products on the environment and lawsuits have become constant companions of oil companies in the last few years.

The successes that activists have had—such as Friends of the Earth’s court …

Source: Reuters

Goldman Sachs to invest over $1 bln in Europe biomethane venture

Nasdaq


LONDON- Goldman Sachs Asset Management said on Monday it had launched a biomethane business called Verdalia Bioenergy and aimed to invest more than 1 billion euros ($1.08 billion) in Europe over the next four years.

Biomethane, a lower carbon …

Source: World Oil

API, Well Done Foundation partner to reduce emissions by plugging orphaned oil and gas wells

World Oil


(WO) – The American Petroleum Institute (API) and the Well Done Foundation signed a Memorandum of Understanding (MOU) to collaborate across a range of activities related to reducing emissions and the proper plugging of orphaned or abandoned natural …

PureWest issues request for proposals for the purchase of certified natural gas and associated digital tokens

PureWest issues request for proposals for the purchase of certified natural gas and associated digital tokens

Oil and Gas 360


Digital tokens may be used to reduce buyers’ scope 3 emissions

DENVERJan. 10, 2023 /PRNewswire/ — PureWest Energy, LLC (“PureWest”), an independent natural gas company based in Wyoming’s Green River Basin, today announced a …

Source: World Oil

Canada moves forward with one of the “world’s largest” carbon capture and storage projects

World Oil


(WO) —The Pathways Alliance, representing Canada’s largest oil sands producers, has entered into a Carbon Sequestration Evaluation Agreement with the Government of Alberta.

 

The agreement enables the Alliance to immediately start a detailed evaluation of its proposed …

Source: World Oil

Energy companies create carbon capture partnership to develop massive CO2 storage project in Gulf of Mexico

World Oil


(WO) — Carbon-Zero US LLC, Cox Operating LLC, Crescent Midstream and Repsol announced a partnership to develop one of the Gulf Coast’s largest offshore hubs for the permanent storage of carbon dioxide.

 

Cox is among the largest …

Source: Oil Price

Activist group demands more aggressive emission cuts from big oil

Oil Price


Follow This, an activist shareholder which has been calling for more aggressive emissions reductions for years, is increasing its pressure on Big Oil with resolutions calling for the biggest Western oil-producing companies to set targets to reduce absolute …

Source: World Oil

Biden approves funding for carbon capture programs using enhanced oil recovery

World Oil


(Bloomberg) —The Biden administration has reversed course on a carbon capture funding program to allow oil production following an intervention by senators including Joe Manchin and Kyrsten Sinema, handing a win to the fossil fuel industry.

The Department …

Source: Reuters

BP invests millions in company that supplies ‘rapidly deployable’ solar tech

CNBC


BP said it is investing 20 million Australian dollars ($13.53 million) in Australian renewable company 5B, which specializes in solar technology.

 

The energy major said the investment in 5B — made via its subsidiary BP Ventures — wrapped …

Opinion: Energy industry already leads on reducing methane emissions

Opinion: Energy industry already leads on reducing methane emissions

World Oil


WASHINGTON, D.C.—Five years ago, the American Petroleum Institute (API) launched The Environmental Partnership (TEP). This first-of-its-kind effort brought oil and natural gas producers in the U.S. together behind a shared commitment to continuously improve the industry’s environmental performance.…

Source: World Oil

Baker Hughes, Woodside Energy to collaborate on decarbonizing the global gas supply chain

World Oil


(WO) — Baker Hughes, an energy technology company and Woodside Energy announced on December 8th that they have entered into a memorandum of understanding (MoU) to explore potential business arrangements and initiatives that may have the potential to …

California Resources Corporation announces carbon dioxide management agreement for CTV’s first permanent carbon storage project

California Resources Corporation announces carbon dioxide management agreement for CTV’s first permanent carbon storage project

Oil and Gas 360


California Resources Corporation (NYSE: CRC) today announced a Carbon Dioxide Management Agreement (CDMA) between Carbon TerraVault JV Holdco, LLC (CTV JV) and Lone Cypress Energy Services, LLC (Lone Cypress), an independent energy …

Source: World Oil

Energy CEOs hit mute button on ESG, hinting at fading interest

World Oil


(Bloomberg) — The top bosses of US oil and gas companies are speaking less and less about climate and carbon emissions, a signal that the industry’s public focus on ESG over the past couple of years may be …

PureWest grows market for certified gas through partnership with EarnDLT and Project Canary to tokenize verifiable environmental attributes

PureWest grows market for certified gas through partnership with EarnDLT and Project Canary to tokenize verifiable environmental attributes

Oil and Gas 360


DENVERNov. 15, 2022 /PRNewswire/ — PureWest Energy, LLC (“PureWest”), an independent natural gas company based in Wyoming’s Green River Basin, today announced a first-of-its-kind collaboration with EarnDLT (“Earn”) and Project Canary.

 

PureWest grows market for certified gas through partnership with EarnDLT and Project Canary to tokenize verifiable environmental attributes- oil and gas 360

This partnership …

Source: World Oil

API responds to EPA’s supplemental proposed methane rule

World Oil


(WO) – The American Petroleum Institute (API) released the following statement Friday from Senior Vice President of Policy, Economics and Regulatory Affairs Frank Macchiarola in response to the Environmental Protection Agency’s (EPA) supplemental proposed methane rule:

 …

November 11, 2022 - 2:30 pm Carbon Capture, Closing Bell Story‎, Crude Oil News, Energy News
Source: Oil Price

BlackRock raises $4.5 billion for climate fund amid fossil fuel criticism

Oil Price


BlackRock said it had raised $4.5bn (£3.97bn) for a new climate infrastructure fund today as it looks to ramp up investment in the net zero transition amid criticism of its decision to continue backing oil and gas firms.…

Source: Reuters

Activist investor: shell must do more to curb emissions

Oil Price


An expected drop in Shell’s net greenhouse gas emissions is not aligned with the Paris Agreement and with a Dutch court order for the now UK-based supermajor to slash emissions much more by 2030, activist investor Follow This …

Zephyr Energy readying to production test completed well in Paradox Basin

Zephyr Energy readying to production test completed well in Paradox Basin

World Oil


Zephyr Energy plc, the Rocky Mountain oil and gas company focused on responsible resource development from carbon-neutral operations, continues to prepare for extended production testing of its successfully drilled and completed State 16-2 LN-CC well. All relevant applications …

Source: Reuters

U.S. to spend more than $500 billion on climate over a decade under three laws, study says

US News


The U.S. government will spend more than $500 billion on climate technology and clean energy over the next decade under three recently enacted laws, an analysis by non-profit RMI found.

 

The tally is based on this month’s

Source: World Oil

OEUK issues new guidance for oil and gas producers to reduce key greenhouse gas

World Oil


The leading trade body for the UK’s offshore energy industry, Offshore Energies UK (OEUK), launched new guidelines to help oil and gas companies reduce methane emissions from the production of oil and gas.

The guidelines come as OEUK …

Source: Reuters

Exclusive: Biden EPA to tackle coal industry carbon with rules on other pollutants

Yahoo News


GUAYAMA, Puerto Rico – The U.S. Environmental Protection Agency plans to use new limits on traditional pollutants like ozone and coal ash to help encourage the retirement of the nation’s remaining coal-fired power plants, after the Supreme Court …

July 29, 2022 - 12:00 pm Carbon Capture, Closing Bell Story‎, Coal News, Energy News
Source: Reuters

U.S. Energy Dept eyes $165 mln investment in geothermal, oil and gas group

Nasdaq


The U.S. Department of Energy is planning up to a $165 million new investment in a geothermal power initiative that would utilize expertise from the oil and gas industry to unlock energy resources and move away from fossil fuels.…

Denbury expands CO2 sequestration portfolio with additional site in Louisiana’s industrial corridor

Denbury expands CO2 sequestration portfolio with additional site in Louisiana’s industrial corridor

Oil and Gas 360


Publisher’s Note: Denbury, Inc. is a presenter at EnerCom Denver-The Energy Investment Conference on August 7-10, 2022. Register to attend and hear their story.

 

High-quality storage reservoir less than 5 miles from Company’s CO