Expro’s work scope includes tubular running services for multiple sections of casing, liner and tubing, covering one production well, one injection well and one monitoring, the company says.
Fewer companies expect to increase oil and gas production this year as many turn to renewables for growth opportunities.
The decarbonization partnership aims to fast-track commercialization of certain technologies, according to a news release.
Trafigura’s purchase of 1PointFive’s CO2 removal credits is part of its commitment as a founding member of the First Movers Coalition to support the advancement of CO2 removal credits.
The CO2 removal credits will come from Stratos, 1PointFive’s first industrial-scale direct air capture facility currently under construction in Texas.
A major challenge facing Occidental and other direct air capture ventures is whether the process can be made cost-competitive.
8 Rivers’ project plans to produce an estimated 880,000 mt of ammonia and capture more than 1.4 MMmt of CO2 annually.
Expect E&Ps to engage in more strategic consolidation, place more emphasis on carbon markets and attempt to get ahead of the SEC’s guidance on emissions reporting.
If required regulatory approvals are secured, Carbon TerraVault will have permission to drill California’s first wells for underground CO2 sequestration in a depleted oil and gas field.
Louisiana’s Office of Conservation is “staffed up and ready” after the EPA granted the state oversight of carbon sequestration wells.