You make lemonade, of course. That’s what’s happening for producers and midstreamers faced with a carbon-neutral world.
Reese Energy Consulting today is following the latest collaborations among producers and pipeline operators to launch carbon capture and sequestration (CSS) projects—not only to implement CCS at their own facilities, but to jointly commercialize them.
Occidental Petroleum is the early player here, parlaying its successes in the Permian using carbon well-injection for enhanced oil recovery, to building large-scale CCS infrastructure across the globe. The company last year teamed with NextDecade to develop CCS infrastructure at the planned Rio Grande LNG facility in Brownsville. Now, Oxy will partner with midstream giant Enterprise to provide CCS services in the industrial corridor from Houston to the Texas Gulf.
GOM producer Talos Energy in January announced its partnership with Freeport LNG to bury CO2 in a dedicated wellbore off the Texas coast. That was quickly followed in February with Talos saddling up with Enlink Midstream to pursue CCS opportunities in La. Aside from being a North American pipeline machine, Enbridge also now develops hubs to transport and store carbon emitted by power plants and industry. Lemonade indeed. What do you think? Learn more about REC at www.ReeseEnergyConsulting.com.