Storage

Indonesia's Pertamina, Chevron Agree to Share Data to Develop Carbon Storage Facility

Indonesian state oil company Pertamina signed agreements with U.S. oil company Chevron to share data aimed at developing a carbon capture facility in East Kalimantan, Pertamina said in a statement on Tuesday.

Algeria's Sonatrach Plans $1 Billion Project for Natural Carbon Storage

Algeria's state oil and gas firm Sonatrach has plans for a $1 billion project for natural carbon storage through planting 420 million trees over 10 years, Algeria's Ennahar TV reported on Monday, citing Energy Minister Mohamed Arkab as saying.

Ozona Secures 6,000 Acres for Major CO2 Sequestration Expansion in Permian Basin

(P&GJ) — Ozona CCS LLC has reached a definitive agreement with a private landowner to lease 5,722.79 contiguous acres of pore space in Loving County, Texas, for the purpose of drilling multiple commercial carbon dioxide (CO2) sequestration wells in the Permian Basin.

ADNOC Gas Awards $600 Million Carbon Capture Contract to Petrofac

U.K. oil services firm Petrofac said on Tuesday it got a more than $600 million contract from ADNOC Gas for the Habshan carbon capture and storage (CCS) project, as the Abu Dhabi-based company steps up its decarbonization plan.

EIA: Global Oil Stockpiles to Fall After Saudi Output Cut

Global oil inventories were expected to fall in the fourth quarter after Saudi Arabia extended output cuts this month, while U.S. crude production is forecast to rise more than previously thought, the Energy Information Administration said in a monthly report on Tuesday.

Chevron Buys Majority Stake in Utah Hydrogen Storage Project

Chevron has acquired a majority stake in the world's largest proposed storage facility for hydrogen from renewable energy. Last year, the Delta, Utah project received the first U.S. Department of Energy loan for clean energy in nearly a decade, of $504 million.

UAE's ADNOC to Proceed with Habshan Carbon Capture Project

The carbon capture, utilization, and storage (CCUS) project will have the capacity to capture and permanently store 1.5 million metric tons of carbon dioxide a year, ADNOC said in a statement.

Vitol CEO: Bunker Fuel Market to Convert to LNG in Next 10 Years

The global bunker fuel market is expected to convert substantially to LNG over the next 10 years, said Russell Hardy, chief executive of the world's largest independent oil trader, Vitol.

Equitrans Provides Root Analysis for 2022 Gas Leak at Pennsylvania Storage Facility

(P&GJ) — Equitrans Midstream Corp. has submitted information to the Pipeline and Hazardous Materials Safety Administration (PHMSA) regarding the root cause investigation and analysis related to the Rager Mountain Storage facility incident that occurred in November 2022.

Deep Sky, Svante Partner to Study Carbon Storage Feasibility in Southern Quebec, Canada

(P&GJ) — Canadian carbon removal developer, Deep Sky, has joined forces with carbon capture and removal solutions provider Svante Technologies Inc. to evaluate the feasibility of sequestering CO2 in Southern Quebec.

Restart Delayed at Texas Coal Unit Linked to Petra Nova CCS Project

The coal unit had hosted the $1 billion Petra Nova carbon capture and sequestration (CCS) plant, which sent the carbon dioxide gas about 80 miles (130 km) by pipeline, where it was pumped into an aging oilfield to boost output, a technique known as enhanced oil recovery.

Canada Releases Framework to Phase Out Inefficient Fossil Fuel Subsidies

Climate policy analysts said the framework was an important step forward but fell short in continuing to allow government support for oil and gas projects that plan to reduce emissions through technologies such as carbon capture and storage (CCS).

Vietnam Approves $11.4 Billion Plan to Expand Fuel Storage Capacity by 2030

The investment would raise the country's crude oil and refined fuel storage capacity to 75 to 80 days of net imports, according to the plan signed by Deputy Prime Minister Tran Hong Ha on Tuesday.

Greek Gas Grid Says 27 Companies Interested in Booking Future Capacity

Greece has become a key transit route for gas in Europe thanks to a liquefied gas facility off Athens, which saw increased traffic from around the world after the war in Ukraine cut flows of Russian gas to the continent.

Japan's Mitsui OSK Gets Approval for Liquefied CO2 Vessel, Floating Storage Unit

Liquefied CO2 transportation helps connect carbon capture, utilization and storage (CCUS) sites safely and efficiently over long distances where pipelines are not economically viable.

Exxon Mobil Signs Carbon Capture and Storage Deal with Nucor

(P&GJ) — Exxon Mobil will capture up to 800,000 metric tons per year of CO2 from the DRI plant and store the CO2 at an Exxon Mobil-owned facility in Louisiana.

Global Energy Infrastructure Launches Carbon Capture Storage Projects Database

(P&GJ) — Addressing the challenges of climate change requires innovative solutions to reduce greenhouse gas emissions. Carbon capture and storage (CCS) technology has emerged as a promising approach to mitigate carbon dioxide (CO2) emissions from energy-intensive industries and power generation.

Pipeline Operator Kinder Morgan to Increase Texas Gas Storage Capacity by 6 Bcf

U.S. pipeline operator Kinder Morgan Inc. said on Wednesday it plans to expand the working gas storage capacity at its Markham facility in Matagorda County, Texas, by 6 billion cubic feet (Bcf).

Caliche Launches Open Season for Expansion Project, Firm Natural Gas Storage in Beaumont

(P&GJ) — Caliche Development Partners II has launched a non-binding open season to solicit natural gas firm storage service to support the development of two additional natural gas storage caverns at Golden Triangle Storage facility in Beaumont, TX.

Chevron, Exxon Seek State Backing for Australia Carbon Capture, Hydrogen Projects

Chevron Corp. and Exxon Mobil Corp., the two largest U.S. fossil fuel companies, are seeking Australia's backing for carbon capture and storage (CCS) and hydrogen projects as they look to increase investment in a bid to slash intensity of carbon emissions.

ADNOC Launches $1 Million Decarbonization Technology Challenge

(P&GJ) — ADNOC has launched a global competition to find innovations that will reshape the global energy landscape. The competition was launched at UAE Climate Tech Forum in Abu Dhabi, where over 1,000 global policy makers, innovators, and industrial leaders met to drive technological solutions for decarbonization.

DOE Selects Crescent Midstream-Supported Project to Advance Commercial-Scale CO2 Storage

(P&GJ) — The company plans to repurpose an existing 110-mile pipeline corridor it owns and operates, positioning Crescent to become one of the first full-service midstream solutions for CCS while also reducing the initiative’s carbon footprint.

As Oil Output Peaks, US Gulf of Mexico Makes Room for Carbon Capture

Some companies, including Exxon Mobil Corp., have been dumping assets in the Gulf, the nation's primary offshore source of oil, and are instead targeting capturing and storing carbon dioxide and other greenhouse gases underground.

Enterprise Products' Oil Pipeline Volumes Rise on Permian Basin Output Growth

Enterprise has remained bullish on oil production from the Permian basin, spread across Texas and New Mexico, and is looking to build a crude oil export terminal on the Gulf Coast to help push some of those barrels into the foreign market.

Pipeline Operator Enbridge Acquires Gas Storage Facility in British Columbia for $295 Million

The storage facility, which is connected to all three major long-haul natural gas transportation lines in Western Canada including Enbridge's Westcoast Pipeline and Alliance Pipeline, has a working storage capacity of 77 Bcf, the company said.

Italy's Energy Dome Raises $44 Million to Focus on CO2 Storage in US

Energy Dome, an Italian startup focusing on CO2 energy storage solutions, said on Friday it had raised 40 million euros ($44 million) from investors to fund expansion in the U.S.

Offshore Pipeline Design for CCUS

(P&GJ) — Design and construction of CO2 pipelines are similar to natural gas transmission pipelines. However, there are differences like: thermodynamic modeling, blow down modeling, specifying the maximum water content, pipeline fracture propagation control, use of elastomer materials and performing a quantitative risk assessment, mainly related to release modeling and defining the allowable exposure limits. These factors require special attention for CO2 pipelines, when compared with natural gas.

Italy's Eni, Snam Offer Slovakia Gas Supply and Storage

Italy's energy group Eni and gas grid operator Snam on Thursday signed two agreements with Slovakia's biggest energy provider SPP for the supply and storage of gas and LNG.

Gazprom Says Europe Set to Struggle Refilling Gas Storage for Next Winter

It will be very difficult for Europe to refill its gas storage to last year's levels after the continent ended the winter heating season with relatively low stockpiles, Russian natural gas giant Gazprom said on Tuesday.

US Plans to Refill Strategic Reserve If Advantageous to Taxpayers This Year

The Biden administration plans to refill the U.S. Strategic Petroleum Reserve soon and hopes to refill it at lower oil prices if it's advantageous to taxpayers during the rest of the year, U.S. Energy Secretary Jennifer Granholm said on Wednesday.