Articles tagged carbon capture

Petrochemical giant Dow Inc. said lower North American natural gas prices are driving an expansion of operations. Meanwhile in Europe, “right-sizing” the footprint “is necessary” with industrial demand still 25% off pre-pandemic levels.

Australia’s government has included initiatives for substantial natural gas development with the launch of its Future Gas Strategy plan intended to help the country transition to cleaner energy by 2050.

In its second transaction in less than a week, SLB Ltd. agreed Tuesday to buy ChampionX Corp., considered a leader in oilfield reservoir optimization.

A Momentum Midstream LLC affiliate has joined two natural gas pipeline operators in accusing Energy Transfer LP of upending industry practices for pipeline crossings in Louisiana, which they said threatens to stall development of the Haynesville Shale and growth of LNG exports.

Oil and natural gas investments in decarbonization so far have largely focused on curbing individual Scope 1 and 2 emissions, according to a new analysis by Deloitte.

Demand is surging for natural gas pipeline and storage capacity in North America, and as a purveyor of both, that’s good news for Kinder Morgan Inc. (KMI), CEO Kim Dang said Thursday.

Projects to reduce carbon emissions got no respect from the oil and gas industry for years, but that’s in the past, as investments in biofuels and carbon capture are becoming a revenue stream, ExxonMobil CEO Darren Woods said Wednesday.

Natural gas investment would continue even in a future scenario where all nations meet their emissions reduction pledges, the International Energy Agency (IEA) said in a new report on the role of oil and gas companies in a changing energy landscape.

Pulling carbon emissions from the atmosphere using direct air capture (DAC) is a golden opportunity for oil and natural gas operators, and is likely going to play a bigger role in Occidental Petroleum Corp.’s future, according to CEO Vicki Hollub. 

Occidental Petroleum Corp., which has drawn the support of Warren Buffett to reduce carbon emissions from natural gas and oil operations, agreed to go all in on direct air capture (DAC) technology through a $1.1 billion deal to buy out technology pioneer Carbon Engineering Inc.