Occidental Partnership To Build Permian Basin CO2 Removal Plant
Occidental Petroleum is partnering with Canada-based Carbon Engineering to build a new multimillion-dollar direct air capture plant in the Permian Basin.
May 23, 2019
Enhanced Oil Recovery
Placing A Priority On EOR
Shale’s lure of quick returns has put EOR on the bench, but some companies prefer the long game.
April 9, 2019
Canadian CO2 Removal Firm Backed By Chevron, Occidental Secures Financing To Expand
Carbon Engineering has exceeded its financing target which will enable it to deploy its first commercial operation to remove CO₂ directly from the air.
March 22, 2019
Occidental Petroleum CEO Vicki Hollub Aims To Be ‘Carbon Neutral’
Occidental Petroleum, the holder of the largest net acreage of drilling rights in the Permian Basin, pins hopes on EOR using captured greenhouse gases.
March 20, 2019
BHP Buys Stake In Canadian Firm That Extracts Emissions From Atmosphere
BHP's equity stake in Canada's Carbon Engineering follows the investment of an undisclosed sum announced in January from Occidental Petroleum and Chevron.
March 5, 2019
Acquisitions & Divestitures , Unconventional , Crude Oil , Public Capital , Enhanced Oil Recovery , Emissions
HEADLINES: QEP’s Offer; Oil Majors Take Interest In Carbon Emissions
API’s CEO Mike Sommers said this generation is defined as “Generation Energy” because of the unprecedented dual achievement of meeting record world energy demand while driving record CO₂ emissions reductions.
January 10, 2019
Chevron, Occidental Invest In Bill Gates-Backed CO2 Removal Technology
The Chevron and Occidental deal marks the first significant investment by energy groups into the technology developed by Carbon Engineering, a Bill Gates-backed start-up based in Canada.
January 9, 2019
Researchers Release Study Results For Characterizing Unconventional Play Reservoirs
The field studies project, now in phase 17, seeks to advance geophysical research to explore new methods and technologies for better reservoir performance.
November 30, 2018
Solar EOR Gains Steam In Oil Patch
Occidental Petroleum’s Oman subsidiary is among the latest companies that have inked agreements with GlassPoint Solar, a technology company that uses solar energy to create steam to power EOR.
November 15, 2018
Service Providers, Regulators Can Help Tackle Water Management
With the rapid growth of produced water and infrastructure constraints operators have to find new ways to tackle it.
August 7, 2018