Why carbon capture is Big Oil’s solution for climate change
Sultan Ahmed Al Jaber is the President-Designate of the upcoming United Nations climate summit in Dubai, or COP28. He’s also head of the Abu Dhabi National Oil Company.
Americas
BlackRock invests $550mn in Occidental carbon capture
“This joint venture demonstrates that direct air capture is becoming an investable technology, and BlackRock’s commitment in Stratos underscores its importance and potential for the world,” Chief Executive Officer Vicki Hollub said in the statement.
DAC oil competes with SAF, claims Hollub
“Direct air capture shouldn’t be compared to point source carbon capture, what it should be compared to is [SAF],” the CEO said. SAF has more emissions than Oxy’s net zero oil, she continued.
UK minister fires into US’ IRA for protectionism
“With our European neighbours we could have a pipeline of green hydrogen to provide a clean fuel stock to German industry and coming back the other way carbon to the UK [for storage],” he said.
Neighbors don’t want to be ‘test dummies’ for Biden’s carbon removal hubs
Roishetta Ozane knows a thing or two about pollution.
Exxon to buy Denbury for $4.9bn in CO2 pipeline push
Denbury’s Rocky Mountain assets are connected to Exxon’s Shute Creek gas facility near LaBarge, Wyoming, which has captured more carbon than any other asset in the US.
CCUS learnings from CERAWeek
You only need to have read a little of the media coverage to realise there were some clear key themes to emerge from CERAWeek 2023.
Worley, ABB win North Dakota GTL work
The $2.8 billion plant will also be equipped with carbon capture and storage (CCS).
Carbon capture and e-fuels the talk of CERAWeek
The demonstration project will use DAC or CO2 captured from industrial emitters. Santos aims to use its existing infrastructure to “generate, liquefy and export” e-methane to Japan.
Azuli signs up Korean interest with eye on US CCS options
“We’re not interested in a regulated asset model, not at a fixed 5% return,” he continued. Investors have to be able to cover failures through higher returns on their successes. “We’re looking at returns into the teens on returns.”
Woodside teams up with US carbon capture company LanzaTech
Woodside Energy and LanzaTech, a US-based carbon capture and transformation company, have announced a strategic collaboration after signing a deal.
Equinor appoints new president of US offshore wind
Equinor has appointed Molly Morris as its new president for US offshore wind, who will take on the role from the start of next year.
JERA, Uniper target LNG supplies, then ammonia
Japan’s JERA and Germany’s Uniper have teamed up to back an ammonia project in the US Gulf Coast, with a focus on exports to Germany. In the near term, it should also secure new LNG supplies.
The astonishing implications of Biden’s Inflation Reduction Act
While Europe has been grappling with the impacts of the war in Ukraine and the huge price rises in oil and gas that it has brought, in the US, the energy landscape looks very different.
Ex-Noreco boss to head up Storegga’s new Americas business
UK-based decarbonisation developer Storegga has launched a new Americas business, led by the former head of Norwegian independent Noreco.
TotalEnergies signs up to carbon capture project at Cameron LNG
Partners in the Cameron LNG project, including TotalEnergies, have signed an agreement to develop the Hackberry Carbon Sequestration (HCS) project.
BP, Linde plan hydrogen, CCS infrastructure near Houston
BP and Linde have announced plans to build a carbon capture and storage (CCS) project in Texas, with a view to supporting low-carbon hydrogen production at Linde’s Houston facilities.
Talos and Storegga link up for third CCS project in US
Talos Energy has announced a new carbon capture and sequestration (CCS) project in the US, where it will work with support from Storegga.
Oil expertise meets CCS ambitions in Lapis Energy
Is there a space for carbon capture and storage (CCS) as a service? Recently formed Lapis Energy is betting there is, eyeing opportunities in the US, UK, Europe and South East Asia.
Venture Global launches new Louisiana LNG plan
Venture Global has set out plans to develop a fourth LNG facility, with an investment of $10 billion.
ExxonMobil bids for Gulf of Mexico leases ahead of carbon capture plans
ExxonMobil submitted bids for 94 drilling leases in shallow waters near the Texas coastline, an apparent step forward for a giant proposed carbon-capture project close to Houston’s industrial corridor.
Shell launches CCS project in Alberta
Shell Canada has set out plans for a large-scale carbon capture and storage (CCS) project, in Alberta.
STRYDE, Explor, and Carbon Management Canada achieve new record in seismic imaging for CCUS
Pioneering seismic technology provider STRYDE today announced its Nodes were used in conjunction with Explor PinPoint technology to achieve a new global record in land seismic trace density at the Carbon Management Canada (CMC) Field Research Station.
Exxon floats $100bn government-backed carbon capture hub
Exxon Mobil Corp. proposed a giant, $100 billion hub to capture carbon dioxide emissions along the U.S. Gulf Coast in Texas but warned that government funding would be required to pay for and develop it.
Annova LNG scraps Brownsville plan
Annova LNG has scrapped its plans for an LNG export facility in Brownsville, in Texas.