As oil output peaks, US Gulf of Mexico makes room for carbon capture
Sabrina Valle, Reuters
After nearly a century, oil output in the U.S. Gulf of Mexico is heading towards its peak with new platforms providing a last hurrah as the region becomes a hot spot for burying greenhouse gases.
Occidental Hopes to Sell the Carbon It Captures at the World’s Biggest Plant
David Wethe, Bloomberg
When Occidental Petroleum Corp. opens the world’s biggest plant for sucking carbon dioxide out of the sky in two years, the oil giant hopes to sell the captured carbon for the manufacturing of a number of products including plastic and synthetic fuel.
Louisiana’s carbon well permitting application heads to Federal Register
Liz Hampton, Reuters
Louisiana’s application to obtain enforcement authority over carbon capture wells has gone to the Federal Register for public comment, the Environmental Protection Agency (EPA) said on Friday, a key step in receiving “so-called” primacy and speeding up the permitting process.
After Ninth Circuit tosses Berkeley gas ban for new buildings, climate-focused cities examine their options
Ysabelle Kempe, Utility Dive
Since Berkeley became the country’s first city to ban gas in new buildings in 2019, a spate of other cities and counties have followed, and “they should prepare for litigation because the natural gas industry is fighting for its life,” said Carra Sahler, staff attorney at Lewis & Clark Law School’s Green Energy Institute.
Exxon, Chevron split over how to manage rising cash piles
Sabrina Valle and Arunima Kumar, Reuters
The two largest U.S. oil companies – Exxon Mobil Corp. and Chevron Corp. – are minting cash from booming oil and gas operations, but are splitting over what to do next.
Pioneer’s Incoming CEO Sees Chance of Oil Hitting $100 This Year
Mitchell Ferman, Bloomberg
Oil demand will continue to increase, helping send crude prices to $80 to $100 a barrel later this year, according to the incoming chief executive officer of Pioneer Natural Resources Co.