NexTier Oilfield Solutions Inc. announced that it successfully field tested the NOV Ideal eFrac pump with power sourced from multiple natural gas reciprocating engines.
Houston-based Occidental Petroleum continues its divestment campaign with a new $508 million deal to sell Permian Basin acreage to Colgate Energy Partners III LLC, a Midland, Texas-based oil and gas producer.
BIC Magazine
May 27, 2021
Venture Global LNG announced plans to capture and sequester carbon at its Calcasieu Pass and Plaquemines LNG facilities.
Having concluded a comprehensive engineering and geotechnical analysis, the company is launching, subject only to regulatory approvals, a shovel-ready carbon capture and sequestration (CCS) project, compressing CO2 at its sites and then transporting the CO2 and injecting it deep into subsurface saline aquifers where it will be permanently stored.Â
Through this undertaking, Venture Global will capture and sequester an estimated 500,000 tons of carbon per year from its Calcasieu Pass and Plaquemines liquefaction sites. In addition, the Company anticipates using similar infrastructure to capture and sequester 500,000 tons of carbon per year from the CP2 LNG facility once permitted. Altogether, Venture Global plans to sequester 1 million tons of carbon per year, the equivalent of removing nearly 200,000 cars off the road each year for 2
BIC Magazine
June 3, 2021
BPÂ boosted its investment in U.S. renewables with a $220 million purchase of solar projects from developer 7X Energy.
The acquisition represents a significant step towards bpâs target of growing its net developed renewable generating capacity to 20GW by 2025 and aim to increase this to 50GW by 2030.
The deal will also grow bpâs renewables pipeline from 14GW to 23GW. These assets will be developed through bpâs 50-50 solar joint venture Lightsource bp, a global leader in solar energy, applying Lightsource bpâs capabilities to accelerate bpâs renewables targets.
âWith this purchase, we are continuing to put our strategy in action as we grow our renewables business in a deliberate and disciplined way. It brings us 9GW of high-quality solar projects in markets where we can create integrated renewable energy offers through our trading and customer franchises, said Dev Sanyal, bp executive vice president of gas and low carbon
BIC Magazine
U.S. considers sanctions on Chinese manufacturing of solar panels
The Biden administration is considering sanctions over Chinaâs alleged use of forced labor in manufacturing solar panels and other climate-friendly production, according to what climate envoy John Kerry told lawmakers recently while appearing before the House Foreign Affairs Committee to testify on the global response to climate change.
May 20, 2021
The Biden administration is considering sanctions over Chinaâs alleged use of forced labor in manufacturing solar panels and other climate-friendly production, according to what climate envoy John Kerry told lawmakers recently while appearing before the House Foreign Affairs Committee to testify on the global response to climate change.