Carbon capture and storage

Schlumberger DELFI Digital Platform Selected by Northern Lights JV for CO2 Project

Retrieved on: 
Friday, January 28, 2022

Schlumberger will deploy the DELFI* cognitive E&P environment on the Norwegian CO2 project by the Northern Lights Joint Venture (NL), to streamline subsurface workflows and longer-term modeling and surveillance of CO2 sequestration.

Key Points: 
  • Schlumberger will deploy the DELFI* cognitive E&P environment on the Norwegian CO2 project by the Northern Lights Joint Venture (NL), to streamline subsurface workflows and longer-term modeling and surveillance of CO2 sequestration.
  • For CO2 transportation and storage, Schlumberger digital solutions are used for subsurface characterization and dynamic reservoir simulation, which are key to understanding storage site capacity and the potential for injecting and containing fluids.
  • Northern Lights has recognized the huge potential of Schlumbergers digital technology to fast-track decision making and de-risk CO2 transportation and storage operations, comments Rajeev Sonthalia, president, Digital & Integration, Schlumberger.
  • Northern Lights is part of LongshipNorways largest climate initiativewhich comprises a full-scale Carbon Capture and Storage (CCS) project, covering capture, transport, and storage of CO2.

California Resources Corporation Schedules Fourth Quarter and Full Year 2021 Earnings Conference Call

Retrieved on: 
Thursday, January 6, 2022

California Resources Corporation (NYSE: CRC) announced today that it will host its fourth quarter and full year 2021 financial results conference call on Thursday, February 24th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time).

Key Points: 
  • California Resources Corporation (NYSE: CRC) announced today that it will host its fourth quarter and full year 2021 financial results conference call on Thursday, February 24th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time).
  • We encourage participants to pre-register for the conference call using the following link https://dpregister.com/sreg/10162383/f019f7b40d .
  • Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator.
  • California Resources Corporation (CRC) is an independent oil and natural gas company committed to energy transition in the sector.

BHP extends tender expiry and BHP and Noront extend outside date under Support Agreement

Retrieved on: 
Friday, December 3, 2021

The earliest time BHP will acquire Noront shares under its Offer will be at the new expiry time.

Key Points: 
  • The earliest time BHP will acquire Noront shares under its Offer will be at the new expiry time.
  • In conjunction with the extension of the expiry time, BHP Lonsdale and Noront also announced that they have amended the Support Agreement, dated July 26, 2021 and previously amended on October 19, 2021, between BHP Lonsdale, its subsidiary BHP Western Mining Resources International Pty Ltd (the Offeror) and Noront relating to Noronts support of the Offer in order to extend the outside date in that agreement (the Outside Date) from December 14, 2021 to January 21, 2022.
  • The Outside Date is relevant because, among other things, if the Offeror has not acquired shares under the Offer by the Outside Date, both Noront and the Offeror become permitted to terminate the Support Agreement.
  • While BHP and Wyloo Metals are considering a mutually beneficial arrangement regarding the acquisition of Noront by BHP, there is no assurance that any agreement will be reached between BHP and Wyloo Metals.

GATE Energy Selected to Advance Offshore Carbon Capture & Storage Guidance Through NOIA Workgroup

Retrieved on: 
Wednesday, November 10, 2021

HOUSTON, Nov. 10, 2021 /PRNewswire/ -- GATE Energy, the premier global engineering, commissioning, and field services provider headquartered in Houston, TX, just announced that they have been selected to serve on the NOIA, National Ocean Industries Association, Carbon Capture and Storage (CCS) Workgroup.

Key Points: 
  • HOUSTON, Nov. 10, 2021 /PRNewswire/ -- GATE Energy, the premier global engineering, commissioning, and field services provider headquartered in Houston, TX, just announced that they have been selected to serve on the NOIA, National Ocean Industries Association, Carbon Capture and Storage (CCS) Workgroup.
  • This workgroup will be important in providing member direction and guidance to NOIA on educational and advocacy activities related to offshore CCS.
  • GATE Energy will be instrumental in providing a good direction on policy priorities required to enable offshore CCS.
  • Karthik Annadorai, Executive Vice President at GATE Energy, said, "GATE Energy is perfectly poised for the global energy transition.

Global Carbon Capture and Storage Market Report 2021-2026: Enhanced Oil Recovery Offers Strong Growth Opportunities

Retrieved on: 
Friday, October 22, 2021

DUBLIN, Oct. 22, 2021 /PRNewswire/ -- The "Carbon Capture and Storage - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Oct. 22, 2021 /PRNewswire/ -- The "Carbon Capture and Storage - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
  • This segment currently accounts for a 11.3% share of the global Carbon Capture and Storage market.
  • Carbon capture efforts are further favored by increasing focus of companies to investigate new use cases for captured carbon dioxide.
  • The 45Q tax credits for carbon oxide sequestration represent progressive CCS-specific incentive globally to promote investment in carbon capture and sequestration.

$2+ Billion Worldwide Carbon Capture, Utilization, and Storage Industry to 2030 - Identify Growth Segments for Investment - ResearchAndMarkets.com

Retrieved on: 
Wednesday, October 20, 2021

The carbon capture, utilization, and storage market consist of sales of carbon capture, utilization, and storage technologies by entities (organizations, sole traders, and partnerships) that are engaged in providing clean and efficient energy solutions.

Key Points: 
  • The carbon capture, utilization, and storage market consist of sales of carbon capture, utilization, and storage technologies by entities (organizations, sole traders, and partnerships) that are engaged in providing clean and efficient energy solutions.
  • The increasing investments by governments and organizations are an emerging trend in the carbon capture, utilization, and storage market.
  • Major companies and governments are focusing on investing in carbon capture, utilization, and storage projects to reduce carbon emissions.
  • In November 2020, Baker Hughes, a US-based company that provides carbon capture and storage services acquired Compact Carbon Capture (3C) for an undisclosed amount.

Global Carbon Capture and Storage Market Research Report 2021 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, October 20, 2021

The "Carbon Capture and Storage - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Carbon Capture and Storage - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
  • This segment currently accounts for a 11.3% share of the global Carbon Capture and Storage market.
  • Carbon capture efforts are further favored by increasing focus of companies to investigate new use cases for captured carbon dioxide.
  • The U.S. Market is Estimated at $1 Billion in 2021, While China is Forecast to Reach $482 Million by 2026
    The Carbon Capture and Storage market in the U.S. is estimated at US$1 Billion in the year 2021.

BHP increases all-cash offer for Noront to C$0.75 per share

Retrieved on: 
Wednesday, October 20, 2021

TORONTO and MELBOURNE, Victoria, Oct. 19, 2021 (GLOBE NEWSWIRE) --  BHP Lonsdale Investments Pty Ltd (“BHP Lonsdale”), a wholly owned subsidiary of BHP, and Noront Resources Ltd. (TSXV: NOT) ("Noront") announced today that BHP has agreed to increase its all-cash offer for Noront shares to C$0.75 per share (the “Offer”).

Key Points: 
  • BHP increases its all-cash offer to Noront shareholders to C$0.75 per share, representing a 36% premium to its previous offer, a 7% premium to the Wyloo offer and a 213% premium to Noronts unaffected price.
  • Offer expires 11:59 p.m. (Toronto time) on November 9, 2021; for more information visit NorontTender.ca
    TORONTO and MELBOURNE, Victoria, Oct. 19, 2021 (GLOBE NEWSWIRE) -- BHP Lonsdale Investments Pty Ltd (BHP Lonsdale), a wholly owned subsidiary of BHP, and Noront Resources Ltd. (TSXV: NOT) ("Noront") announced today that BHP has agreed to increase its all-cash offer for Noront shares to C$0.75 per share (the Offer).
  • BHPs increased Offer of C$0.75 per Noront share is superior to other offers available to Noront and its shareholders.
  • Noront CEO, Alan Coutts, said: This transaction provides a premium to Wyloos offer, and delivers certainty of value to Noront shareholders via an all-cash offer.

TechnipFMC and Talos Energy Enter Strategic Alliance to Provide Carbon Capture and Storage

Retrieved on: 
Monday, October 18, 2021

TechnipFMC (NYSE: FTI) (PARIS: FTI) and Talos Energy Inc. (NYSE: TALO) announced today that they have entered into a long-term strategic alliance to develop and deliver technical and commercial solutions to Carbon Capture and Storage (CCS) projects along the United States Gulf Coast.

Key Points: 
  • TechnipFMC (NYSE: FTI) (PARIS: FTI) and Talos Energy Inc. (NYSE: TALO) announced today that they have entered into a long-term strategic alliance to develop and deliver technical and commercial solutions to Carbon Capture and Storage (CCS) projects along the United States Gulf Coast.
  • The alliance combines Taloss offshore operational strength and sub-surface expertise with TechnipFMCs extended history in subsea engineering, system integration and automation and control.
  • Jonathan Landes, President, Subsea at TechnipFMC, commented: We are pleased to partner with Talos to deliver offshore CCS solutions that will help reduce CO2 emissions during the energy transition.
  • TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.

California Resources Corporation Schedules Third Quarter 2021 Earnings Conference Call and Announces Investor Conference Participation

Retrieved on: 
Thursday, October 14, 2021

California Resources Corporation (NYSE: CRC) announced today that it will host its third quarter 2021 financial results conference call on Thursday, November 11th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time).

Key Points: 
  • California Resources Corporation (NYSE: CRC) announced today that it will host its third quarter 2021 financial results conference call on Thursday, November 11th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time).
  • We encourage participants to pre-register for the conference call using the following link https://dpregister.com/sreg/10160036/ed00623af0 .
  • Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator.
  • A digital replay of the conference call will be archived for approximately 90 days and available on the Investor Relations page at www.crc.com .