• 3 minutes Shale Oil Fiasco
  • 7 minutes "Leaked" request by some Democrats that they were asking Nancy to coordinate censure instead of impeachment.
  • 12 minutes Trump's China Strategy: Death By a Thousand Paper Cuts
  • 16 minutes Global Debt Worries. How Will This End?
  • 1 min americavchina.com (otherwise known as OilPrice).
  • 3 hours Democrats through impeachment process helped Trump go out of China deal conundrum. Now Trump can safely postpone deal till after November 2020 elections
  • 13 hours Forget The Hype, Aramco Shares May be Valued At Zero Next Year
  • 2 days Wallstreet's "acid test" for Democrat Presidential candidate to receive their financial support . . . Support "Carried Interest"
  • 1 day Natural Gas
  • 6 hours POTUS Trump signs the HK Bill
  • 18 hours Joe Biden, his son Hunter Biden, Ukraine Oil & Gas exploration company Burisma, and 2020 U.S. election shenanigans
  • 6 hours Iraq war and Possible Lies
  • 2 days Everything you think you know about economics is WRONG!
  • 9 hours READ: New Record Conoco Eagleford Vintage 5 wells, their 5th generation test wells . . . Shale going bust . . . LAUGHABLE
  • 2 days 2nd Annual Great Oil Price Prediction Challenge of 2019
  • 1 day Aramco Raises $25.6B in World's Biggest IPO
  • 23 hours My interview on PDVSA Petrocaribe and corruption
  • 1 day Winter Storms Hitting Continental US

Breaking News:

Surprise Crude Build Threatens Oil Rally

Carbon Capture: Killing Two Birds with One Stone

In May, the biggest carbon capture project in the US went on line in Port Arthur, Texas, capturing carbon dioxide from industrial operations and using that carbon for enhanced oil recovery (EOR) and securely storing it underground. It is unprecedented and the technology is breakthrough. The $431 million project was boosted by a $284 million investment by the US Department of Energy. This is the carbon capture litmus test, and the stakes are high.

The first of the facilities two plants has been capturing carbon since December 2012, while the second plant began capturing carbon in March this year.  Now both plants are operating at full capacity, and diverting for EOR. Full capacity operations mean that the facility will capture more than 90% of the carbon dioxide from the product stream of two methane steam reformers in the area—that’s one million metric tons of carbon dioxide annually. Those one million metric tons are then diverted for sequestration and EOR. The end picture here: This diverted carbon dioxide will lead to an estimated annual increase in oil production of between 1.6 and 3.1 million barrels from the West Hastings oil field, just south of Houston.

Not only, then, is carbon capture an environmental breakthrough—it’s also a fossil fuels breakthrough as it show the potential to extract harder-to-access hydrocarbons or tap deeper into wells that have already been tapped out.

How It Works …

The…




Oilprice - The No. 1 Source for Oil & Energy News