TGS is offering early access to its carbon storage dataset along the Texas and Louisiana Gulf Coast. (Source: Shutterstock)
TGS is offering early access to its carbon storage dataset along the Texas and Louisiana Gulf Coast, covering the available Texas General Land Office (GLO) lease blocks, the data company announced July 15.
The assessment details formation tops, petro-physically interpreted logs and reservoir mapping, including the maximum carbon storage per volume per formation.
TGS said the carbon storage assessment, scheduled for release in early August, is developed from the largest subsurface library in the world.
The dataset will assist bidders in maximizing their bidding accuracy and drive “sustainable” growth in the carbon capture and storage sector, TGS said.
“Participants in the GLO Lease Round can expect to leverage TGS data to navigate complexities and seize promising opportunities in carbon capture and storage,” said Carel Hooijkaas, executive vice president of new energy solutions at TGS.
Recommended Reading
Pemex Reduces Fuel Thefts as US-Mexico Energy Trade Value Dips
2024-07-15 - Mexico, the largest export market for U.S. petroleum products, expects to lessen its foreign fuel dependence as its builds a new $16 billion refinery.
Hedge Funds Retreat from Oil as War Risk Fades: Kemp
2024-04-29 - Hedge funds and other money managers sold the equivalent of 95 MMbbl in the six most important petroleum futures and options contracts over the seven days ending on April 23.
Pemex’s Dos Bocas Refinery to Reduce Mexico’s Reliance on US Fuel
2024-06-20 - Mexico will significantly reduce its dependence on fuel from the U.S. in 2025 once state-owned Pemex concludes construction of its 340,000 bbl/d Olmeca refinery in Dos Bocas, according to the International Energy Agency.
Oil Prices Ease on Strong Dollar, Mixed Global Economic News
2024-06-21 - Crude prices declined despite signs of improving U.S. oil demand and falling fuel inventories that helped boost crude prices to a seven-week high a day earlier.
Texas Startup Hopes Fourth Time's a Charm to Build First Big US Oil Refinery Since 1977
2024-06-07 - Element Fuels Holdings, a Dallas-area startup proposing to build the first all-new U.S. oil refinery in nearly 50 years, on June 6 said it was relaunching efforts to build a large plant in South Texas.