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

Green Car Congress

Occidental and Carbon Engineering are also adapting Stratos’ front-end engineering and design study for a DAC plant to be built at King Ranch in Kleberg County, which is part of the South Texas DAC Hub that was selected to receive a grant from the US Department of Energy’s Office of Clean Energy Demonstrations. Earlier post.)

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BHP offboards its petroleum business in merger with Woodside; focus on “future-facing commodities”

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Anglo-Australian BHP Group is merging its oil and gas business with Woodside Petroleum Ltd. Shenzi is a six-lease development in the deepwater Gulf of Mexico and is structured as a joint ownership: BHP (Operator, 72% interest) and Repsol S.A. (28% 28% interest). BHP also recently announced that it will supply Tesla Inc.

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Petrobras To Take Pioneering FPSO to US Sector of Gulf of Mexico

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Petrobras will be the first company to operate an FPSO (floating oil production, storage and outflow) type platform in the American portion of the Gulf of Mexico (GoM), in the Cascade and Chinook fields. BW Pioneer will be the first FPSO to be deployed in the US Gulf of Mexico and turret moored at the deepest waters ever for an FPSO.

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NASA’s New Earth Space Mission maps methane ‘super-emitters’

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In the data EMIT has collected since being installed on the International Space Station in July, the science team has identified more than 50 “super-emitters” in Central Asia, the Middle East, and the Southwestern United States. kilometers) long southeast of Carlsbad, New Mexico, in the Permian Basin. Credit: NASA/JPL-Caltech.

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Obama sets goal of reducing US oil imports by 1/3 by 2025; domestic and Western Hemisphere production, natural gas, biofuels, electric vehicles, fleet purchases

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Meeting the goal of cutting US oil dependence depends largely on two things, Obama said: finding and producing more oil at home, and reducing dependence on oil with cleaner alternative fuels and greater efficiency. The Administration is pushing the oil industry to produce on leases already held.

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Rosneft and ExxonMobil enter strategic partnership for development of Arctic and Black Sea resources, expand technology sharing and implement joint international projects; $3.2B exploration program planned

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billion barrels of oil and 10.3 billion barrels of oil and 10.3 Tuapse has estimated recoverable oil resources of 8.2 The companies have also agreed to conduct a joint study of developing tight oil resources in Western Siberia. The companies will create an Arctic Research and Design Center for Offshore Developments in St.

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Study finds plausibly high volumes of Canadian oil sands crudes in US refineries in 2025 would lead to modest increases in refinery CO2 emissions

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An analysis of the US refining sector, based on linear programming (LP) modeling, finds that refining plausibly high volumes of Canadian oil sands crudes in US refineries in 2025 would lead to a modest increase in refinery CO 2 emissions (ranging between 5.4% to 9.3%) from a 2010 baseline, depending upon the supply scenario.

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