Carbon capture and storage CCS technology can significantly extend the productivity of near-depleted oilfields.
Over the past few years, Big Oil has been heavily investing in carbon capture and storage CCS technology, ostensibly to offset CO2 emissions from the energy commodities they produce. Environmentalists have largely dismissed these efforts as mere greenwashing, with experts warning that CCS technology is so far unproven at the scale needed for meaningful decarbonization.
that involves offtake of carbon dioxide associated with Linde’s planned clean hydrogen project in Beaumont, Texas. Exxon will transport and permanently store as much as 2.2M metric tons/year of carbon dioxide each year from Linde’s plant. Meanwhile, Exxon’s oil field services peer Schlumberger Ltd NYSESLB recently formed SLB New Energy unit that invests in five niche segments, including CCS.
Carbon Capture CO2 Energy Energy Policy Governance EOR Oil Oil Production
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