New joint development projects target decarbonization technologies.
Study will explore further decarbonization of Elk Hills Power Plant.
As the energy transition unfolds, TechnipFMC is creating partnerships and advancing technology in greenhouse gas removal, offshore floating renewables and hydrogen.
The Gulf of Mexico oil producer’s Bayou Bend carbon capture and sequestration project lands Chevron as partner.
As part of the agreement, Talos and partner Carbonvert would contribute the Bayou Bend CCS lease to an expanded JV including Chevron in exchange for consideration of cash at closing and capital cost carry through project FID.
BP’s Starlee Sykes provided an inside look during an OTC keynote presentation on how the operator is optimizing all four of its producing hubs in the Gulf of Mexico as part of its net-zero goals.
Meeting the world’s energy needs while reducing the industry’s impact on climate change.
More than 100 carbon capture projects are in development, mostly in the U.S., and when complete will come nowhere near achieving emission-reduction goals.
“Our investment in biofuels builds on Exxon Mobil’s continuing efforts to develop and deploy lower-emission energy solutions,” spokesperson Todd Spitler said in a written statement.
New tools and services are being applied across the entire lifecycle of oil and gas production to help reduce emissions.