Investment , Emissions , Technology

Problems Plagued US Carbon Capture Project Before Shutdown

The plant was designed to capture 33% of the carbon emissions from one of four units at the W.A. Parish coal plant, and pipe it 81 miles to the West Ranch oil field in Jackson County, Texas, where it would push more oil to the surface.

August 7, 2020

Public Capital , Earnings , Emissions

BP Halves Dividend after Record Loss, Speeds Up Low-carbon Reinvention

BP last reduced its dividend in 2010, when it was suspended for three quarters following the deadly Deepwater Horizon rig explosion.

August 4, 2020

Public Capital , Emissions , Acquisitions & Divestitures

Shell to Acquire Environmental Services Firm Select Carbon

Shell did not disclose a value for the deal, but said it will help in contributing towards the company’s ambition of being a “net-zero emissions energy business by 2050 or sooner.”

August 3, 2020

Public Capital , Natural Gas , Emissions , Renewables , Midstream

Dominion Stresses Role of Natural Gas in Clean Power Push

Natural gas will fuel power generation for years to come, says Dominion Energy even as it sells its gas business to Warren Buffet’s Berkshire Hathaway in a transaction worth nearly $10 billion.

August 3, 2020

Investment , Health, Safety & Environment , Emissions

ESG Roundtable: Is Oil and Gas Ready for the Expectations, Opportunities?

If the industry wants continued capital investment, it will have to up its game. Our virtual panel discusses what you need to know to be ready for increased scrutiny and requirements of an ESG future.

July 28, 2020

Methane , Emissions , Drilling , Digital Oilfield , ROVs

E&P Tech Trends: Reducing Idle Rig Time; Enhanced Swellable Sealing; More

Check out the latest products and services for the upstream oil and gas industry including a new wellhead system that allows an offshore rig to stay on location in severe weather conditions, saving idle rig time costs.

July 27, 2020

Emissions , Technology

Exxon Mobil Uncovers New Carbon Capture Technique for Power Plants

Scientists from Exxon Mobil, University of California, Berkeley and Lawrence Berkeley National Laboratory have discovered a new material on July 24 that could capture more than 90% of CO2 emitted from industrial sources, such as natural gas-fired power plants, using low-temperature steam, requiring less energy for the overall carbon capture process.

July 24, 2020

Business , Exploration & Production , Emissions

The Last Frontier: Oil Industry Scales Back Exploration

Once the most adventurous aspect of the business, exploring for new oil and gas fields is now one of the most controversial.

July 23, 2020

Emissions , Technology

Fluor Wins FEED Contract for California Carbon Capture Project

Fluor Corp. has been awarded a FEED contract on July 21 for California Resources Corp.’s (CRC) carbon capture and sequestration project, Cal Capture, at the 550-megawatt, natural gas-powered Elk Hills Power Plant in Tupman, California.

July 22, 2020

Exploration & Production , Methane , Emissions

New Mexico Proposes Crackdown on Oil Industry’s Methane Emissions

The proposal, announced by state officials on July 20 after consultations with industry, would impact drillers in New Mexico’s portion of the Permian Basin oil hub where production has surged in recent years.

July 22, 2020