Post Tagged with: "CO2"

Source: ExxonMobil

ExxonMobil Partners with Carbon Capture Company

By Tyler Losier, Energy Reporter, Oil & Gas 360 ExxonMobil partners with Mosaic Materials in order to pursue carbon capture technology ExxonMobil (stock ticker: XOM), an international oil and gas supermajor, has partnered with Mosaic Materials, a chemicals and engineering company, in order to explore and advance technology that can be used to remove carbon dioxide from emissions sources. The carbon capture technology being researched by Mosaic uses porous, crystalline solids – known as metal organic frameworks (MOFs) – to separate CO2 from air or flue gas. The MOFs function like sponges, selectively capturing only specific gases from a complex mixture of substances, removing CO2 from emissions before it is ever able to reach … Login or click here to subscribe Username or E-mail Password Remember Me     Forgot Password

August 26, 2019 - 5:09 pm — Closing Bell Story, Crude Oil News, Exploration and Production (E&P), Natural Gas News, Oil and Gas 360 Articles, Tech Corner
Chevron Starts Burying CO2 off Australia at Huge Gorgon Storage Project

Chevron Starts Burying CO2 off Australia at Huge Gorgon Storage Project

From Reuters Chevron Corp (CVX.N) said on Thursday it has launched one of the world’s largest carbon capture and storage projects, injecting CO2 into a deep reservoir under an island off Western Australia at its Gorgon LNG project. The carbon storage project was delayed by more than two years after Chevron discovered problems with valves and pipeline equipment during commissioning of the A$2.5 billion ($1.7 billion) injection system. Gorgon is the biggest emitter of carbon emissions out of Australia’s 10 LNG plants, with gas from the Gorgon field containing 14% CO2. Growth in LNG exports has been a big contributor to Australia’s rising CO2 emissions, according to the Environment and Energy Department. “We are pleased to reach the first milestone of safely starting the operation of the Gorgon carbon dioxide injection system, one of the world’s largest greenhouse gas mitigation projects ever undertaken by industry,” Chevron Australia Managing Director Al[Read More…]

August 8, 2019 - 6:01 am — Closing Bell Story, Energy News, Exploration and Production (E&P), International, LNG, Natural Gas News
How Trucking will Meet the Looming 2024 Diesel Emissions Standards: Creatively

How Trucking will Meet the Looming 2024 Diesel Emissions Standards: Creatively

Add a 48-volt hybrid motor, hydraulic lash adjuster, electric EGR pumps From CCJ With each new Greenhouse Gas emissions standard, diesel engine aftertreatment systems get more complex and that’s a trend unlikely to change in the years ahead. Speaking at the Technology and Maintenance Council’s Annual Meeting & Transportation Technology Exhibition in Atlanta Sunday, Eaton’s Director of Technology Planning and Government Affairs Dr. Mihai Dorobantu says new engine components – including the deployment of hybrid-electric powertrains – will play important roles in meeting increasingly stringent nitrous oxide (NOx) and carbon dioxide (CO2) standards. The Greenhouse Gas (GHG) Phase 2 standard, initially implemented in 2016, calls for carbon dioxide and other greenhouse gas truck emissions to decrease in 2021, 2024 and 2027. “Incremental technology will get OEMs through 2021, but 2024 poses a real challenge,” he says, noting 2024 standards call for a nearly 20 percent emissions reduction. Dorobantu, echoing findings from[Read More…]

March 18, 2019 - 6:18 am — Closing Bell Story, Energy News, Transportation
Grieve CO2 EOR Project

Elk Petroleum’s Grieve CO2 Project Starts Production

Elk Petroleum Limited (ticker: ELK) has commenced production on its Grieve CO2 EOR Project. The company said it expects initial gross oil production of 1,100-1,200 BOPD. CEO Brad Lingo commented, “I’m exceedingly pleased to announce the start-up of oil production from the Grieve CO2 EOR project. Reaching this point has been the result of the commitment and dedication of the Elk team to deliver the project. We would also like to thank our JV partner Denbury for safely delivering a ‘’best in class’’ facility under the turnkey agreement and timeframe. We also couldn’t have asked for a better time to begin Grieve ramp up production as the oil price hits a three-year high.” The company’s independent petroleum engineers and reserve auditors for the Grieve Project, VSO Petroleum Consultants, Inc., projected that base 2P reserves gross production is expected to increase to approximately 2,100 BOPD by CYE 2018 and achieve a[Read More…]

April 18, 2018 - 5:19 pm — Closing Bell Story, Exploration and Production (E&P), Finance, Oil and Gas 360 Articles
$20 Million XPRIZE: International CO2 Competition Leaps to Final Round for 5 Wyoming and 5 Alberta Teams

$20 Million XPRIZE: International CO2 Competition Leaps to Final Round for 5 Wyoming and 5 Alberta Teams

One Alberta team and one Wyoming team will each collect a $7.5 million grand prize Finalist teams are from India, China, Scotland, Canada and the U.S. – competition is sponsored by NRG Energy and Canada’s Oil Sands Innovation Alliance In the final round, five finalists will compete to make use of actual flue gases from a Wyoming power plant. The other five will compete at a gas-fired power plant in Alberta, Canada From the Casper Star-Tribune/Associated Press CHEYENNE — A $20 million international competition to make profitable products from a gas that otherwise would contribute to global warming has entered its final stretch. The 10 finalists in the contest sponsored by a U.S. energy company and a group of Canadian oil sands producers have shown in a lab they can use carbon dioxide from power plants to potentially turn a profit making everything from concrete to methanol, an alcohol used[Read More…]

April 10, 2018 - 7:56 am — Closing Bell Story, Energy News, Power Generation
Elk Petroleum Updates Aneth Field, Grieve Project

Elk Petroleum Updates Aneth Field, Grieve Project

Australia’s Elk Petroleum Limited (ticker: ELK) recently released its half-year results and guidance update. The company reported a 44% increase in share price to A$0.095 (March 2018) – this is up from A$0.066 (June 2017). The company reported production of 972,498 BOE, with 1P reserves of 47.5 MMBOE and 2P reserves of 84.2 MMBOE. Elk’s operations are all in the United States and the company now is an operator in Utah’s Aneth Field. So far, H1 FY2018 has been driven by the Grieve Project and the Aneth Field acquisition. Both are CO2 EOR projects. Elk said that the Grieve Project is “substantially complete,” and that facility testing/commissioning has begun. The company has completed the Aneth acquisition from Resolute Energy (ticker: REN) and is now a field operator. The company described its transformation from a junior non-operator to a full-fledged operating company with CO2 EOR capability. The first Grieve oil production[Read More…]

March 21, 2018 - 5:52 pm — Acquisitions and Divestitures (A&D), Closing Bell Story, Exploration and Production (E&P), International, Oil and Gas 360 Articles
Denbury: CO2 + Wyoming, Mississippi Acquisitions

Denbury: CO2 + Wyoming, Mississippi Acquisitions

Denbury Resources Inc’s (ticker: DNR) producing acreage is spread across seven states in both the Rocky Mountain and Gulf Coast regions, with an estimated 254.5 MMBOE of proved reserves, as of December 31st, 2016. Denbury’s primary operational trait is its utilization of CO2 enhanced oil recovery (EOR) methods to increase recovered oil to approximately 50%. The company sources much of its CO2 from Jackson dome, where it has held reserves since February, 2001, when it acquired the field. Through smaller acquisitions, Denbury has raised its CO2 reserves estimate to 5.3 Tcf, as of December 2016, from approximately 800 Bcf at the time of the Jackson Dome acquisition. The company also sources approximately 60 Mmcf of CO2 per day from industrial sources in Louisiana and Texas. Denbury, in its first quarter of 2017, produced just under 60,000 BOEPD. Approximately 62% of the production was attributed to CO2 EOR operations, and 97%[Read More…]

June 20, 2017 - 4:38 pm — Closing Bell Story, Exploration and Production (E&P), Oil and Gas 360 Articles, TOGC 22
Elk Petroleum to Acquire Freeport-McMoRan’s Wyoming Gas and CO2 Production Assets

Elk Petroleum to Acquire Freeport-McMoRan’s Wyoming Gas and CO2 Production Assets

Elk secures second largest CO2 supply source in Wyoming for CO2 EOR; profitable production of ~3,400 BOEPD (20 MMSCFD+)  Freeport-McMoRan has sold another group of oil and gas assets. Australia’s Elk Petroleum Ltd (ticker: ELK) has entered into a purchase and sale agreement with subsidiaries of Freeport-McMoRan Inc. (ticker: FCX) to acquire all of FCX’s interest in the Madden Gas Field, the Madden Deep Unit Gas Field and the Lost Cabin Gas Plant in Wyoming. The deal is valued at US$20 million, which the company said it expects to fund principally through debt financing. The Madden Gas Field and the Lost Cabin Gas Plant are located in Natrona and Freemont counties, Wyoming, 60 miles from Elk’s Grieve CO2 enhanced oil recovery project. Elk will acquire an approximate 14% non-operating working interest in the Madden Gas Field and the Lost Cabin Gas Plant and associated gas gathering pipeline systems. The EIA ranks[Read More…]

January 4, 2017 - 2:59 pm — Closing Bell Story, Exploration and Production (E&P), Natural Gas News, Oil and Gas 360 Articles
Magellan Targets Recovery of 50 MMBOE at Poplar Dome

Magellan Targets Recovery of 50 MMBOE at Poplar Dome

CO2-EOR a technical success in the Charles formation Magellan Petroleum (ticker: MPET) announced last week that the company’s CO2 enhanced oil recovery (CO2-EOR) pilot project is a “technical success,” according to MPET President and CEO J. Thomas Wilson. The pilot was concluded and proves that it is a technically viable tertiary recovery method in the Charles formation at Poplar Dome, in Montana. According to the company’s investor presentation, Poplar has produced about 52 MMBOE since the 1950’s with no production from a water flood. The company expects that it will recover an additional 50 MMBOE using its CO2-EOR technique. CO2 injection into the pilot’s single injector well began in August 2014. In October, the pilot’s four producer wells were opened for production. Since then, oil production has increased in three of the four producer wells in response to CO2 injection, with the fourth well expected to follow suit in the[Read More…]

May 12, 2015 - 7:18 pm — Analytics, Exploration and Production (E&P), Oil and Gas 360 Articles

CNBC: Denbury Resources CEO on CO2 EURs from EnerCom in Denver

Denbury Resources President and CEO Phil Rykhoek appeared on CNBC’s Mad Money from EnerCom’s The Oil & Gas Conference in Denver to discuss the company’s growth and income strategy.   Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be reliable. This note is not intended as an offer or solicitation for the purchase or sale of any security or financial instrument of any company mentioned in this note. This note was prepared for general circulation and does not provide investment recommendations specific to individual investors. All readers of the note must make their own investment decisions based upon their specific investment objectives and financial situation utilizing their own financial advisors as they deem necessary. Investors should consider a company’s entire financial and operational[Read More…]

August 28, 2014 - 10:56 am — Oil and Gas 360 Articles, Oilfield Services