Why Oxy’s Net-Zero Goal Carves an Entirely New Path
To reach their targets for carbon neutrality, many oil and gas producers are investing in other energy industries. This US company will instead get there by investing more in its oil fields.
Baker Hughes Buys Startup To Scale Up Carbon-Capture Business
To go big on capturing CO2, the oilfield service company is acquiring a company that specializes in going small.
Maersk Invests in Rocket Science Technology To Achieve Carbon-Neutral Drilling
The offshore drilling contractor’s latest effort to curb emissions relies on technology developed during the US space shuttle program and could become commercial by 2022.
Norway’s Northern Lights CCUS Project Hits a Yellow Light
An independent study pegged the cost of the project at about $2.6 billion, 80% of which Norway’s government planned to fund. The ministry said there is uncertainty about Northern Lights’ benefits and that it could prove to be unprofitable.
Major Operators Submit Plans for Northern Lights JV
An investment decision this year would sanction Norway’s first CO2 storage project. Phase 1 is expected to be operational in 2024.
Oil and Gas UK Calls for Urgent Action on Carbon Capture and Storage
Rapid scale-up of CCUS projects is critical to achieving net-zero carbon emissions by 2050.
Industry’s Difficult Task: Meet Global Demand While Lowering Emissions
Panelists at the opening general session of the SPE Annual Technical Conference and Exhibition acknowledged the industry’s daunting challenge of meeting global demand while reducing its carbon footprint.
Majors Step Up Low-Carbon Initiatives
Large-scale investment in carbon capture and methane-emission reduction tops the agenda of the Oil and Gas Carbon Initiative, an organization led by chief executives of several major oil and gas companies.
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