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  • Volume 121, Issue 9

    • Volume 121, Issue 9

    Sept. 4, 2023 | The onshore part of Norway’s Northern Lights CO2 transport and storage project is in Øygarden, Norway, and receives CO2 from industrial emitters by ship for intermediate storage before transport by pipeline for permanent storage in a geological reservoir 2,600 m under the seabed. Phase 1 has capacity to inject up 1.5 million tpy of CO2 and is scheduled to begin operation in 2024. The Northern Lights JV DA is owned equally by Equinor ASA, Shell PLC, and TotalEnergies SE. Photo from Jonny Engelsvoll/©Equinor.
    General Interest

    OGJ Newsletter

    Sept. 4, 2023
    GENERAL INTEREST Quick Takes Occidental to acquire direct air capture technology company for $1.1 billionAn Occidental Petroleum Corp. subsidiary has agreed to acquire all the...
    General Interest

    Journally Speaking: Dynamics of LNG contracts

    Sept. 4, 2023
    The landscape of the global LNG market is undergoing significant transformation, with latest projections from the IEA pointing towards intriguing shifts in contract dynamics over...
    General Interest

    Editorial: ‘Tis the season

    Sept. 4, 2023
    Expected increases in well-level productivity and higher crude oil prices have prompted the US EIA to increase its 2023 and 2024 US crude oil production forecasts to 12.8 million...
    General Interest

    Interior sued over Gulf of Mexico lease sale restrictions

    Sept. 4, 2023
    The state of Louisiana, Chevron Corp., and the American Petroleum Institute sued the Biden administration Aug. 24 over last-minute restrictions imposed on upcoming Lease Sale ...
    General Interest

    IEA: Offshore rig market enters new growth cycle

    Sept. 4, 2023
    The offshore rig market is experiencing a period of rapid growth, driven by notable advancements in Guyana, Brazil, and the Middle East, infill drilling activities in West Africa...

    More content from Volume 121, Issue 9

    General Interest

    Proposed gas pipeline safety rule has big problems, trade groups say

    Sept. 4, 2023
    Groups representing the natural gas industry filed comments Aug. 16 that warned of fundamental flaws of legal authority and practical details in a proposed rule on gas pipeline...
    General Interest

    Biden administration proposes efficiencies, complications for environmental reviews

    Sept. 4, 2023
    The White House Council on Environmental Quality (CEQ) has published a proposed rule with a wide range of changes for how federal permitting agencies are to apply the obligations...
    General Interest

    Cases dismissed against Mountain Valley Pipeline

    Sept. 4, 2023
    The US Court of Appeals for the Fourth Circuit has dismissed three lingering lawsuits against the Mountain Valley Pipeline, a project under construction that will transmit natural...
    General Interest

    Vaca Muerta accounts for 63% of Argentina’s oil production

    Sept. 4, 2023
    Investments in oil and gas production across Argentina’s basins will exceed $10.7 billion this year, up 18% from 2022, with special emphasis on Vaca Muerta in Neuquén basin, which...
    General Interest

    IEA: World oil demand scaling to record highs

    Sept. 4, 2023
    World oil demand is increasing to record highs, boosted by robust summer air travel, increased utilization of oil in power generation, and surging Chinese petrochemical activity...
    General Interest

    IEA: Russian crude, product prices rise above G7 price cap

    Sept. 4, 2023
    Russian crude oil prices have progressed rapidly since the end of June, surpassing the G7 price cap on July 12 for Urals and July 7 for Siberian Light grades, the International...
    General Interest

    Talos makes US Gulf of Mexico discovery

    Sept. 4, 2023
    Talos Energy Inc., Houston, will send oil and gas from the Sunspear discovery to its recently acquired Prince platform, adding production to its US Gulf of Mexico operations with...
    General Interest

    Phillips 66 progresses Rodeo Renewed conversion project

    Sept. 4, 2023
    Phillips 66 Co. is on schedule to begin production of renewable diesel in early 2024 from its ongoing Rodeo Renewed project to convert the 120,000-b/d portion of its San Francisco...
    General Interest

    Woodside to sell 10% Scarborough interest

    Sept. 4, 2023
    Woodside has agreed to sell a 10% non-operated interest in the Scarborough project to LNG Japan Corp. for $500 million. LNG Japan, a 50-50 joint venture between Sumitomo Corp....
    Top Companies in Return On...
    Economics & Markets

    OGJ150 firms post robust 2022 earnings on high commodity prices

    Sept. 4, 2023
    The OGJ150 group of oil and gas producers delivered remarkably strong financial performance in 2022, reflecting a surge in commodity prices during the year.
    Economics & Markets

    OGJ100 2022 financial results continue to outperform

    Sept. 4, 2023
    With commodity prices reaching multi-year highs in 2022, the latest OGJ100 survey shows continued improvements in financial performance compared with the previous year.
    Eden Project in Cornwall, UK, was built over a reclaimed china clay pit 2 km from St. Blazey and incorporates two enclosures of adjoining domes which emulate natural biomes. Heat for the project is being supplied by a new geothermal well. (Fig. 1).
    Energy Transition

    UK’s longest geothermal well heats biodomes

    Sept. 4, 2023
    Eden Geothermal Ltd. (EGL) is UK’s first deep geothermal project to come online in 37 years. A 5 km deep geothermal system heats Eden Project Biomes—the world’s largest indoor...
    Reservoir Model Uplayering. Fig. 1.
    Energy Transition

    CCS modeling workflow reduces simulation time

    Sept. 4, 2023
    Carbon capture and storage project sanctioning requires reasonable estimates of CO2 storage volume and plume migration in the reservoir.
    Photo from Strategic Biofuels.
    Strategic Biofuels’ LGF project will include a biorefinery and adjacent renewable power plant equipped with CCS technology to offset up to 1.36 million tpy of CO2 emissions (Fig. 1).
    Energy Transition

    Louisiana attracts second net-zero renewable fuels, CCS complex

    Sept. 4, 2023
    Industry’s increased efforts to meet rising demand for low-carbon transportation fuels in a manner aligning with long-range targets to achieve net-zero GHG emissions by 2050 is...
    Midwest Carbon Express CCS Pipeline. Fig. 1.
    Energy Transition

    CCS pipeline projects face state, local regulatory issues

    Sept. 4, 2023
    Summit Carbon Solutions LLC, Navigator CO2 Ventures LLC, and Wolf Carbon Solutions US LLC are developing projects in the Upper Midwest which, collectively, would comprise more...