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.
DNV GL has launched an international industry consortium on July 21 in collaboration with Dutch glass production expert company Celsian to develop the technology required for a gradual transition from natural gas to hydrogen as a fuel in energy-intensive industrial production processes.
The new turbine, which was entirely designed and produced in Baker Hughes' plants in Italy and can be fueled by a mix of natural gas and up to 10% of hydrogen, will be installed by next year.
A group of the world's top oil companies, comprised of 12 members including Saudi Aramco, China's CNPC and Exxon Mobil, have for the first time set goals to cut their greenhouse gas emissions as a proportion of output.