Enhanced Oil Recovery

Private Equity , Investment , Enhanced Oil Recovery

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

Public Capital , People , Unconventional , Emissions , Shale Plays , Enhanced Oil Recovery

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

Investment , Emissions , Enhanced Oil Recovery , Acquisitions & Divestitures

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

Investment , Company Profiles , Unconventional , Enhanced Oil Recovery , Midstream

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

Seismic , Enhanced Oil Recovery , Reservoir Evaluation

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

Field Development , Enhanced Oil Recovery , Renewables

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

Unconventional , Policy & Regulations , Enhanced Oil Recovery

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

Service Contracts , Exploration & Production , Enhanced Oil Recovery

Iraq's Oil Development Contracts Could Draw 14 Bidders

Fourteen companies have expressed interest in oil and natural gas exploration and development contracts to be auctioned by Iraq on April 25, the oil ministry in Baghdad said on April 14.

April 16, 2018

Unconventional , Enhanced Oil Recovery

Schlumberger Talks EOR Transformation In Shale

Pointing to low recovery factors, Schlumberger’s Omer Gurpinar said bringing EOR methods to unconventionals is crucial for the industry.

April 13, 2018