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DOE announces $17.2M to use CO2 for enhanced oil recovery

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By U.S. Department of Energy

November 16, 2023

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The U.S. DOE's Office of Fossil Energy and Carbon Management announced up to $17.2 million to evaluate the potential for unconventional oil production through a combined process that uses captured CO2 emissions for enhanced oil recovery.

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JX Nippon Oil & Gas Exploration Corporation has announced that the Carbon Capture Facility of the Petra Nova CCUS Project which had been shut down since May 2020, restarted operations on September 5, 2023.

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Through this collaboration, CEEZER will seamlessly integrate Carbonfuture’s carbon removal projects into its platform, enabling its customers to directly access Carbonfuture’s extensive inventory of high-quality, durable carbon removal credits.

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CarbonCapture Inc.announced that it has received an equity investment from Amazon’s Climate Pledge Fund. In addition, CarbonCapture and Amazon.

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BKV Corporation and ENGIE Energy announced the signing of a contract for the sale and purchase of natural gas and associated Carbon Sequestered Credits, a new measured, third-party verified, carbon sequestered product.

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GE Vernova, CARBONCO, bp, PLN Nusantara and Jawa 1 signed an MOU to jointly carry out a feasibility study to develop a CCUS value chain and joint solutions to decarbonize gas power plants in Indonesia, powered by GE Vernova power technology.

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Summit Carbon Solutions plans to refile the pipeline permit application which was denied by the South Dakota Public Utilities Commission.

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Woodside Energy has signed a non-binding Memorandum of Understanding with three Japanese companies to enable studies of a potential carbon, capture and storage (CCS) value chain between Japan and Australia.

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Microsoft has signed a long term contract to purchase up to 315,000 metric tons of CO2 removal over a multi-year period from Heirloom in one of the largest carbon dioxide removal deals to-date.

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BluenzymeTM is an innovative plug-and-play solution based on the use of enzymes, which ensures a carbon capture process with reduced environmental impact and therefore more sustainable than traditional processes.

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ADNOC has announced a final investment decision to develop one of the largest carbon capture projects in the Middle East and North Africa (MENA) region.

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The Texas General Land Office awarded a Repsol-led partnership a contract for over 140,000 gross acres of pore space owned by of the Permanent School Fund for CO2 storage located offshore of Corpus Christi, Texas.

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Petrobras marked its entry into the voluntary carbon market by acquiring credits equivalent to 175,000 tons of avoided greenhouse gases (GHGs). This operation corresponds to the preservation of an area totaling 570 hectares of the Amazon rainforest.

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HIF Global announced at the IAA Summit in Munich, Germany the development and installation of a Direct Air Capture unit at the HIF Haru Oni Demonstration facility in southern Chile in 2024.

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The Strategic Study analyses the indispensable contribution of CCS to achieve the decarbonisation targets, while safeguarding economic competitiveness and avoiding the risks of relocation of 'Hard to Abate' industries.

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Value Group has announced that Shell Ventures has joined Value Group’s investor base to accelerate and expand Value Group’s carbon capture utilisation and storage strategy.

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The Government of Canada’s proposed regulations for an investment tax credit for CCUS projects include strong provisions to support jobs for skilled tradespeople, apprentices and construction workers.

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Whitecap Resources Inc. announced a 26% increase to their monthly dividend as they expect to reach $1.3 billion net debt1 milestone and have signed a CO2 supply contract extension for volumes delivered to the Weyburn Project.

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AGC Inc. and Mitsubishi Gas Chemical have agreed to begin the study regarding the production and sale of methanol made from CO2 generated from AGC’s architectural glass production, by applying the methanol production technology developed by MGC.

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With CCS-Ready scrubbers now being sold at pace, Wärtsilä’s studies across a range of vessel types come as next step in rapidly accelerating trajectory for CCS in shipping,

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The U.S. Department of Energy’s Office of Fossil Energy and Carbon Management announced 13 semifinalists to receive a total of $1.3 million for commercialization programs that support technologies to reduce CO2 pollution via direct air capture,

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Equinor has acquired a 25 percent interest in Bayou Bend CCS LLC, positioned to be one of the largest US carbon capture and storage projects located along the Gulf Coast in Southeast Texas.

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FuelCell Energy, Inc. and ExxonMobil Technology and Engineering Company have agreed to extend their joint development agreement through March 31, 2024. The extension enables further development related to point source carbon capture applications

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Summit Carbon Solutions has announced the submission of a Petition for Reconsideration for their pipeline permit application to the North Dakota Public Service Commission, showcasing its continued commitment to the community and addressing concerns.

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Neptune Energy welcomed the award of a CO2 storage licence in the Norwegian North Sea, in partnership with Sval Energi and Storegga.

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Deep Sky has joined forces with Svante Technologies Inc. to evaluate the feasibility of sequestering CO2 in Southern Quebec. Together, the companies will fund research to study the ability to capture, transport, and store CO2.

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International technology group ANDRITZ has supplied its first carbon capture plant to the steel industry. The pilot plant started operating at voestalpine’s steel mill in Linz, Austria, in the second quarter of this year.

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Occidental announced that a wholly owned subsidiary has entered into a definitive purchase agreement to acquire all the outstanding equity of Carbon Engineering Ltd. for a total cash consideration of approximately $1.1 billion,

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The U.S. Department of Energy has awarded an LSU-led consortium a $4.9 million project to support the first phase of the Pelican Gulf Coast Carbon Removal project.

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GreenFire Energy Inc. is a member of the California DAC Hub consortium and will provide its GreenFire’s GreenLoop™ technology.

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