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Private equity firm Grey Rock Investment Partners and carbon capture and sequestration (CCS) developer CarbonCycle LLC announced a partnership in a press release on Oct. 3 to invest up to $100 million of capital commitment into CarbonCycle.
CarbonCycle will use the investment funds to develop CCS projects with a focus on natural gas processing facilities and other industrial emitters. The use of CCS could reduce the facility’s carbon footprint and combat climate change.
“With more than 450 natural gas processing facilities in the United States emitting more than 56 million metric tonnes of CO2 each year, we see a significant opportunity to mitigate carbon emissions and deliver healthy risk-adjusted returns for our partners,” Matt Miller, co-Founder and managing director at Grey Rock, said in a release.
2024-02-19 - From the mobile offshore production unit arriving at the Nong Yao Field offshore Thailand to approval for the Castorone vessel to resume operations, below is a compilation of the latest headlines in the E&P space.
2024-02-05 - Here’s a roundup of the latest E&P headlines, including an update on Enauta’s Atlanta Phase 1 project.
2024-01-22 - Here’s a roundup of the latest E&P headlines, including FIDs for the Victory and Winterfell fields and new technology updates.
2024-02-15 - The BP-operated Greater Tortue Ahmeyim project on the Mauritania and Senegal maritime border is expected to produce 2.3 million tonnes per annum during it’s initial phase.
2024-02-05 - The revenues from Oceaneering International’s manufactured products contracts range in value from less than $10 million to greater than $100 million.