Midstream Roundup: Denbury, Oxy Push Forward with Carbon Management Projects

The two producers known for their EOR activity look to expand their CO₂ midstream operations. Also, one analyst points out the insufficiencies in the current policy in the U.S. to justify CCUS projects.

Midstream Roundup: Denbury, Oxy Push Forward with Carbon Management Projects

Denbury and Occidental Petroleum announced major plays to expand their CO₂ midstream operations in Louisiana within just a few weeks of each other. (Source: Shutterstock.com)

Two producers known for their EOR activity recently announced major plays to expand their CO₂ midstream operations in Louisiana within just a few weeks of each other.

Despite, the developments, one analyst points out that the current policy in the U.S. is insufficient to justify carbon capture, utilization and sequestration (CCUS) projects attached to the largest stationary sources.

Meanwhile, in Canada, the Province of Alberta began to kick off its carbon sequestration hub initiative to invest up to CA$20 billion in carbon capture projects including proposed storage hubs by Enbridge Inc., Pembina Pipeline Corp. and Shell Plc.

Below is a roundup of the latest midstream developments in the carbon management space.

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Gregory Morris

Gregory DL Morris has covered conventional energy from exploration and production to refining and petrochemicals. He regularly contributes to Oil and Gas Investor and Midstream Business.