In this week's A&D Minute, Enverus' Andrew Dittmar discusses Occidental's recent acquisition of direct air capture company Carbon Engineering and how it will push the energy transition forward.
Barrell Energy Inc. is developing a network of carbon sequestration sites along the Gulf Coast.
Bayou Bend is being developed on 140,000 gross acres of pore space for permanent CO2 sequestration and gross potential storage resources of more than 1 billion metric tons.
Chevron is spending about 10% to 12% of its overall budget in the low carbon space as it strives for net-zero emissions by 2050, its new energies president says.
TotalEnergies has entered into an agreement with CapeOmega Carbon Storage AS to acquire the 40% participating interest held by CapeOmega in a CO2 storage exploration license.
Occidental Petroleum is taking a multibillion-dollar leap into direct air capture (DAC), recently inking a $1.1 billion deal to acquire technology partner Carbon Engineering. But can the company bring down costs for its DAC dreams?
Occidental Petroleum has worked with Carbon Engineering on direct air capture technology since 2019, and CEO Vicki Hollub said the technology partnership will add new revenue streams in the form of technology licensing and royalties.
The projects aim to enhance the sustainability of Western Australia’s agricultural sector.
The demonstration projects aim to kickstart and advance development of the nation’s first two commercial-scale DAC facilities.
Constellation Energy CEO Joe Dominguez said he is “disappointed” in peers that don’t agree with the U.S. Environmental Protection Agency's “practical” and “flexible” proposal.