Carbon+Intel

Oil Industry Ready to Tap $430 Billion Climate Fund for Carbon Capture Projects

Tax credits in the $430 billion U.S. climate and tax bill set to be signed into law this week will kickstart carbon sequestration projects, say oil and gas proponents, offsetting startup costs for some of the anti-pollution initiatives.

BP Drills Appraisal Well in Texas for Carbon Capture and Storage

BP has begun drilling an appraisal well in Texas for its U.S. carbon capture and sequestration business, an executive said on Monday.

Conceding to Manchin, US Climate Bill Eases Methane Fees on Oil Industry

The U.S. Senate climate bill’s fee on oil and gas industry methane emissions will cover less than half the sector’s releases of the greenhouse gas, thanks to concessions made to win over party holdout Joe Manchin, according to a review of the legislation and interviews with lawmakers that negotiated it.

CapturePoint, Energy Transfer to Evaluate Haynesville Carbon Capture Project

CapturePoint Solutions LLC has signed a letter of intent with Energy Transfer to participate in a feasibility study to capture CO2 emissions from natural gas production facilities in the Haynesville shale.

CapturePoint Submits Proposal to Build Carbon Capture Facility in Louisiana

Privately-backed CapturePoint LLC has applied to build a carbon capture storage facility in Rapides Parish, Louisiana, roughly 90 miles north of Lafayette, according to a filing with the Environmental Protection Agency.

Equinor, Fluxys Plan to Build 620-Mile Pipeline for Offshore Carbon Capture and Storage

Norway's Equinor and Belgium's Fluxys plan to build a 1,000-km (620-mile) pipeline to transport CO2 captured on the European continent for storage underneath the North Sea, the two companies said on Wednesday.

US Energy-Related CO2 Emissions Rose 6% in 2021

In 2021, U.S. energy-related CO2 emissions increased by 296 million metric tons (MMt), or 6%, compared with 2020 levels. This increase followed a rise in economic activity and energy consumption once the initial economic impacts of the COVID-19 pandemic began to subside.

Rethinking Practices Can Reduce Carbon Footprint for Pipeline Projects

The push to reduce global greenhouse gas (GHG) emissions is at the forefront as we continue to close in on our 2050 net-zero targets set by the Paris Agreement. Governmental agencies for countries pledged to the cause are clamping down on companies to aid them in their efforts.

Shell Plans to Build Larger Ships for CO2 Transport Over Longer Distances

Shell is building larger vessels that can carry more carbon dioxide over longer distances as part of the company's plans to expand its carbon capture storage (CCS) business globally, the oil major said.

POET Plans to Fast-Track Ethanol Climate Goals with Midwest Carbon Pipeline Project

Ethanol producer POET said it hopes to meet some of its climate goals early as a result of a new partnership it announced this week with a Midwest carbon capture and storage pipeline.

Texas Pacific Land, Milestone Carbon to Conduct Carbon Sequestration Study in Permian Basin

Texas Pacific Land Corp. and Milestone Carbon LLC have signed a Letter of Intent to evaluate the geological and geophysical characteristics of roughly 21,000 acres in the Permian Basin for the purposes of sequestering captured CO2.

Santos CEO: South Korea Needs Australian LNG with Carbon Capture

Santos CEO Kevin Gallagher urged South Korea on Thursday to invest in Australian gas combined with carbon capture and storage to help meet South Korea's needs until 2050.

Sempra Signs Carbon Capture Deal for Proposed Louisiana Project

Houston-based Sempra said the proposed project, Hackberry Carbon Sequestration, could potentially store up to 2 million tonnes of carbon dioxide per year if approved, utilizing the Cameron LNG Phase 1 and 2 export terminals as the anchor source for the captured and sequestered carbon dioxide.

Panama to Develop Largest Advanced Biorefinery to Make Lower-carbon Aviation Fuel

The government of Panama and energy companies, including SGP BioEnergy, plan to develop a major, advanced biorefinery to increase supply of lower-carbon aviation fuel, the companies said Wednesday.

Chevron to Launch Carbon Capture Project in San Joaquin Valley

Chevron Corp. said on Wednesday it was launching a carbon capture and storage (CCS) project aimed at reducing the carbon intensity of its operations in San Joaquin Valley, California.

Tallgrass Energy Plans to Convert Natgas Pipeline into CO2 Transport System

Tallgrass Energy said it will convert its Trailblazer natural gas pipeline, which runs through Nebraska, Colorado and Wyoming, into a 400-mile carbon dioxide system capable of transporting over 10 million tons of CO2 per year.

Chevron Says World's Largest Carbon Capture Project Has 'A Ways to Go' to Meet Goals

Chevron Corp.'s Gorgon carbon capture and storage project in Australia is working at only half its capacity nearly three years after starting up and the company has no timeframe for delivering on targets.

Technip, Saulsbury Win Contract for Exxon Mobil Carbon Capture Expansion Project

Technip Energies and Saulsbury Industries have been awarded a contract for the engineering, procurement and construction (EPC) to expand the carbon capture and storage at Exxon Mobil’s LaBarge, Wyoming facility.

Enbridge, Humble Midstream to Develop Low-carbon Hydrogen, Ammonia Export Facilities

Enbridge Inc. and Humble Midstream LLC have announced the joint development and marketing of a low-carbon hydrogen and ammonia production and export facility which will be located at the Enbridge Ingleside Energy Center, near Corpus Christi, Texas.

Swiss Court Rules on Which Gas Imports Are Subject to CO2 Tax

A Swiss court has ruled that natural gas imported to power turbines for compressing gas in the transit pipeline is not subject to the national carbon tax designed to curb the use of fossil fuels and protect the environment.

Enbridge Invests $6.6 Million in Smartpipe’s Innovative Pipeline Technology

Smartpipe Technologies has received a $6.6 million investment from Enbridge Inc. for its innovative pipeline technology, designed to improve pipeline safety and allow for the transportation of hydrogen and carbon dioxide.

Enterprise, Oxy Low Carbon Ventures to Collaborate on Houston Area CO2 Project

Oxy Low Carbon Ventures (OLCV) and Enterprise Products Operating LLC have signed a letter of intent to work toward a potential CO2 transportation and sequestration solution for the Texas Gulf Coast.

Exxon Sees Carbon Capture Market at $4 Trillion by 2050

Exxon Mobil Corp. estimates there will be a $4 trillion market by 2050 for capturing carbon dioxide and storing it underground, which is about 60% of the $6.5 trillion market it estimates for oil and gas by then.

Summit Says Carbon Pipeline Project Has Secured 20% of Iowa Route

Summit Carbon Solutions, the developer of what would be the world's largest carbon capture project, said it has secured 20% of its pipeline route in Iowa, the state that would host the longest stretch of pipe.

Xebec Wins $113.5 Million Order for Carbon Capture, Sequestration Equipment

Xebec Adsorption Inc. has inked a binding contract to supply large-scale CO2 compression equipment for world’s largest carbon capture and storage project.

Alberta Picks Six Proposals to Develop Canada's First Carbon Storage Hubs

Canada's main oil-producing province Alberta has selected six proposals to move forward with developing Canada's first carbon storage hubs, intended to help cut climate-warming emissions by permanently sequestering them underground.

Chevron Launches its First Carbon Offset Project in Louisiana

The St. Charles Parish cypress reforestation project is expected to generate carbon offsets that could both help offset Chevron’s carbon emissions.

Geo-Hazard Challenges and Mitigations for Hydrocarbon Pipelines

Routing hydrocarbon pipelines through steep terrains and along high mountainous areas is a challenging task for pipeline engineers because of significant risks during the construction phase, as well as operation and maintenance time.

North America's Old Pipelines Seek New Life Moving Carbon

North American oil and gas pipeline companies are gearing up to compete for a budding market moving greenhouse gases to carbon capture and storage projects - by building new pipelines to transport carbon dioxide or giving new life to old, under-used ones.

Carbon+Intel: Promises, Risks of Carbon Capture Investment

Without putting away massive amounts of carbon dioxide while awaiting renewable energy to mature commercially, there is no hope in stopping global temperature from rising beyond 1.5°C by the end of the century.