Jaxon Caines, technology reporter, Hart Energy: I’m Jaxon Caines, technology reporter, and this is Tech Trends with Hart Energy LIVE.
On January 26, President Biden formally put a pause on approvals for LNG projects, halting billions of dollars in investments for energy companies.
But even if the U.S. isn't buying natural gas, other places like Asia, Australia and Norway still have a number of LNG projects. Because of that need, companies like Halliburton are going to keep innovating and investments are going to keep going.
Halliburton’s newly announced CorrosaLock cement solution provides a better way to capture carbon produced from natural gas as it creates a cement sheath for the pipe that is resistant to CO2 and also strengthens the integrity of the cement barrier.
CorrosaLock is a composite of Portland-based cement and Halliburton’s WellLock resin system.
This combination of resin and cement creates an enhanced cement sheath specifically designed to minimize the effect CO2 has on the pipe and reduce permeability as well, which in turn keeps the pipe intact and prevents any gas from escaping.
In addition to that, the increased elasticity and shear bond strength allows the barrier to better withstand downhole forces during cyclic injection when compared to conventional cement systems.
That’s this week's Tech Trends with me, Jaxon Caines. Every Tuesday we'll have a new episode drilling into the tech that fuels the oil patch at hartenergy.com/EP.
Recommended Reading
Baker Hughes Awarded Saudi Pipeline Technology Contract
2024-04-23 - Baker Hughes will supply centrifugal compressors for Saudi Arabia’s new pipeline system, which aims to increase gas distribution across the kingdom and reduce carbon emissions
Oil and Gas Chain Reaction: E&P M&A Begets OFS Consolidation
2024-04-26 - Record-breaking E&P consolidation is rippling into oilfield services, with much more M&A on the way.
Baker Hughes Hikes Quarterly Dividend
2024-04-25 - Baker Hughes Co. increased its quarterly dividend by 11% year-over-year.
Bobby Tudor on Capital Access and Oil, Gas Participation in the Energy Transition
2024-04-05 - Bobby Tudor, the founder and CEO of Artemis Energy Partners, says while public companies are generating cash, private equity firms in the upstream business are facing more difficulties raising new funds, in this Hart Energy Exclusive interview.
PrairieSky Adds $6.4MM in Mannville Royalty Interests, Reduces Debt
2024-04-23 - PrairieSky Royalty said the acquisition was funded with excess earnings from the CA$83 million (US$60.75 million) generated from operations.