CO2 Capture

Source: World Oil

World Petroleum Congress: Oil, gas industry “more comfortable than ever” with energy transition

World Oil


(Bloomberg) – Oil ministers and fossil-fuel company executives descended on Canada’s energy capital this week for the World Petroleum Congress. And even as oil prices threatened to break the $100-per-barrel mark, it was the global transition to cleaner …

Source: Reuters

LSU research team pursues orphaned wells to reduce methane leaks in Louisiana

World Oil


(WO) – There are currently more than 4,500 orphan oil wells in Louisiana. Nearly 450 of these wells were tagged “orphan” in 1994, which means they have been dormant, and have possibly been leaking methane gas for nearly …

September 22, 2023 - 11:30 am Carbon Capture, CO2 Capture, Crude Oil News, Energy News
Source: Reuters

ExxonMobil lobbies Biden administration for tax credits for hydrogen made from natural gas

World Oil


(Bloomberg) – Exxon Mobil Corp. is lobbying the Biden administration to allow hydrogen made from natural gas to qualify for some of the most lucrative subsidies available in the President’s signature climate law, pushing for billions of dollars …

Source: World Oil

Oil must play major role in global energy transition, Exxon, Aramco CEOs say

World Oil


(Bloomberg) – The heads of Saudi Aramco and Exxon Mobil Corp. took to the stage at a major industry event Monday to voice support for the global transition to cleaner forms of energy, but one in which oil …

API: U.S. oil, natural gas industry reduces methane emissions across supply chain

API: U.S. oil, natural gas industry reduces methane emissions across supply chain

World Oil


(WO) – The Environmental Partnership released its fifth annual report demonstrating the U.S. oil and natural gas industry’s actions in reducing methane emissions, improving detection methods and sharing best practices across the industry. The Partnership’s participating companies, which …

Source: Oil Price

Canada’s oil and gas industry cuts emissions while boosting output

Oil Price


Canada’s oil and gas companies have managed to boost production from conventional resources while reducing carbon dioxide and methane emissions over the decade to 2021, the industry association CAPP has reported.

Between 2012 and 2021, CAPP said, …

Source: World Oil

Major LNG buyers partner to limit methane emissions

World Oil


(Bloomberg) – The U.S., the European Commission, Japan, South Korea and Australia are collaborating to limit methane emissions from liquefied natural gas (LNG) supply chains as concerns mount over the climate impact from leaks of the potent greenhouse …

Source: World Oil

API joins over 100 trade groups urging Biden administration to reverse course on tailpipe emissions standards

World Oil


WASHINGTON, July 11, 2023 — The American Petroleum Institute (API) joined with over 100 other trade groups representing diverse businesses across the transportation sector in urging the Biden administration to reverse course on its proposed tailpipe emissions standards …

Source: Reuters

Tackle demand, not supply, to cut emissions, oil bosses say

Yahoo Finance


VIENNA -The bosses of global energy companies this week urged governments to shift the focus to limiting oil demand to reduce emissions, rather than pressuring producers to curb supply, which they say serves only to increase prices.

Some …

Source: World Oil

EPA’s new carbon pollution standards have “significant flaws,” Chamber analysis shows

World Oil


(WO) — A new analysis by the U.S. Chamber’s Global Energy Institute finds significant flaws with the methodology used in EPA’s new carbon pollution standards for coal and natural gas-fired power plants.

“The Chamber strongly supports a low …

Total Helium ramps up operations with first 15 wells at Pinta South project

Total Helium ramps up operations with first 15 wells at Pinta South project

Oil and Gas 360


Vancouver, British Columbia, June 26, 2023 – Total Helium Ltd. (TSX-V: TOH), (OTCQB: TTLHF), (FRA: Y02.F) (“Total Helium” or the “Company”) is pleased to provide a follow-up operational update on its Pinta South Project in the …

Source: Reuters

ExxonMobil “scales up” carbon capture business in Louisiana with $600,000 university donations

World Oil


(WO) – Louisiana’s Vermilion Parish will be home to a landmark CO2 transportation and storage project ExxonMobil is building to help the state’s industries reduce their emissions.

 

 

 

As the University of Louisiana at Lafyette has …

Source: Reuters

American Carbon Registry lists “first of it’s kind” oil, gas well plugging project by Rebellion Energy

World Oil


(WO) – On June 8, a Rebellion Energy Solutions methane-abatement and land-restoration project became the first orphan oil-and-gas well plugging project to be listed by the American Carbon Registry. Rebellion’s project, for which it completed operations last month, …

Source: Reuters

Exxon to continue producing oil, gas while pursing carbon capture technology, CEO says

World Oil


(Bloomberg) – European leaders looking to tackle climate change should look to U.S. policy and “let the market work” to avoid driving companies away with prescriptive regulations, ExxonMobil Corp. Chief Executive Officer Darren Woods said.

“I think it’s …

Source: CNBC

The intensity of methane emissions from oil and gas sector has declined, study finds

CNBC


The intensity of methane and greenhouse gas emissions from the oil and gas sector declined 28% and 30%, respectively, between 2019 and 2021 among the largest producers in the country, despite an increase in natural gas production, according to

Source: Reuters

U.S. and Australia sign clean energy pact

Oil Price


The United States and Australia agreed this weekend on a clean energy manufacturing pact with a focus on the energy transition and emissions reduction.

 

The so-called Climate, Critical Minerals, and Clean Energy Transformation Compact establishes climate and …

Source: Reuters

Exxon rebuts proxy advisor, says net zero emissions scenario ‘unlikely’

Nasdaq


HOUSTON – Exxon Mobil Corp XOM.N has pushed back against investors pressing the largest U.S. oil producer to report on the risks to its business from restrictions on greenhouse gas emissions and potential environmental disasters.

In a reply on …

Exclusive Interview: Maximizing E&P value by increasing oil production from existing wells with Hydroacoustics, Inc.

Exclusive Interview: Maximizing E&P value by increasing oil production from existing wells with Hydroacoustics, Inc.

Publisher's Note: Dan Genovese with EnerCom met with Kevin Blackman, President and John H. Benton, Chief Development Officer of Hydroacoustics, Inc. to discuss their oil recovery technology as a cost-effective option to improve oil recovery, increase injectivity, and prolong the

Exclusive Interview: Focus on employee safety using advanced technology from Magellan X.

Exclusive Interview: Focus on employee safety using advanced technology from Magellan X.

Publisher's Note: Dan Genovese with EnerCom met with Basheer Cassim, Group CEO of Magellan X to discuss their oil and gas technology as a cost-effective option to improve employee safety.

 

Magellan X develops and invests in Environment, Social and

Source: Oil Price

Exxon: Decarbonization business is set for huge growth

Oil Price


Last month, Exxon Mobil (NYSE:XOM) pulled the plug on its 14-year-long algae biofuels project, becoming the last oil company to abandon what was once considered the fuel of the future. The whole idea was not without merit, though. …

Source: Oil Price

The oil projects that environmentalists should support

Oil Price


Last month, energy consultancy Wood Mackenzie came out with a warning: the world was running out of oil, but not just any oil. It was running out of oil that can be extracted with a low carbon footprint. …

Colorado can eliminate emissions from legacy oil production facilities and significantly improve air quality

Colorado can eliminate emissions from legacy oil production facilities and significantly improve air quality

Oil and Gas 360


OPINION: Eyal Aronoff is Chief Executive Officer of Pioneer Energy. Pioneer Energy will be giving a presentation at 4:10pm Central Time on Tuesday, April 18, 2023 at The Energy Venture Summit at EnerCom Dallas at

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: 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: BOE Report

Column: When science gets mugged for the media – a case study

BOE Report


I walked past a truck in a parking lot the other day and I figured out what’s wrong with everybody. It was a good-looking new semi-small one, and, walking with my head down, watching for ice and muttering …

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 …