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Occidental to acquire direct air capture technology company Carbon Engineering for $1.1B

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Occidental announced that a wholly owned subsidiary— 1PointFive —has entered into a definitive purchase agreement to acquire all the outstanding equity of Carbon Engineering Ltd. (CE) Occidental has been working with Carbon Engineering on direct air capture (DAC) deployment since 2019. Earlier post.)

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Oil Majors Plan New Spill Capture and Containment System for Gulf of Mexico; Initial $1B Investment

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Chevron, ConocoPhillips, ExxonMobil and Shell plan to build and deploy a rapid response system that will be available to capture and contain oil in the event of a potential future underwater well blowout in the deepwater Gulf of Mexico. The companies have committed $1 billion to fund the initial costs of the system.

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Sapphire Energy and Linde Group to commercialize hydrothermal treatment technology used to upgrade algae into crude oil

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and The Linde Group will expand their partnership to commercialize a new industrial-scale conversion technology needed to upgrade algae biomass into crude oil. Today, this Green Crude Farm is operating year-round and producing barrels of crude oil daily. Sapphire Energy, Inc.

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National Academies’ Gulf Research Program awards $10.8M to address systemic risk in offshore oil and gas operations

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The Gulf Research Program (GRP) of the National Academies of Sciences, Engineering, and Medicine is awarding $10.8 million to six new projects to develop new technologies, processes, or procedures that could result in improved understanding and management of systemic risk in offshore oil and gas operations. University of Mississippi.

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Coating developed at MIT could stop buildup of hydrate ices that slow or block oil and gas flow

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A team of researchers at MIT has developed a coating that could stop the buildup of hydrate ices that slow or block oil and gas flow. These hydrates are potentially explosive and are largely responsible for the initial failure to contain the Deepwater Horizon oil spill that rocked the Gulf of Mexico in 2010.

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11 Intriguing Engineering Milestones to Look for in 2023

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The wind part of the project plans a total of 3,000 megawatts from wind farms it will build in three counties in New Mexico. An 885-kilometer bidirectional high-voltage direct-current transmission line will run from New Mexico and south-central Arizona. But now, Électricité de France (EDF) says they are in the final stretch.

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Shell to build LNG units in Gulf Coast and Great Lakes regions; two additional LNG for transport corridors in North America

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Shell and its affiliates will build two additional small-scale natural gas liquefaction units to provide liquefied natural gas (LNG) fuel for marine and heavy-duty on-road customers in North America. These vessels will be used to support Shell’s operations in the US Gulf of Mexico. Image courtesy of Harvey Gulf International Marine.