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.
BP last reduced its dividend in 2010, when it was suspended for three quarters following the deadly Deepwater Horizon rig explosion.
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.”
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.
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.
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.
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.
Once the most adventurous aspect of the business, exploring for new oil and gas fields is now one of the most controversial.
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.
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.