In 2012, PetroChina announced its intention to buy out Athabasca Oil’s share of a 250,000 barrel per day (bpd) oil sands development project in Alberta, Canada. After two years, the $1.2 billion deal is finally coming to a close, which would make PetroChina the first Chinese national oil company ...
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News Commentary | March 10, 2022
In December 2021, ExxonMobil completed the front‑end engineering and design work to increase the carbon capture capacity at its LaBarge facility in Wyoming (U.S.) by 1 million tonne/a from the existing 6–7 million tonne/a capacity using an estimated USD 400 million investment. With the investment ... Not part of subscription
Case Study | April 04, 2022
The oil and gas industry is exploring different pathways to achieve net‑zero ambitions and stay relevant in the energy transition, leading to significant activity from CO2 capture and storage (CCS) technologies. Over the past few years, there has been high growth in the number of CO2 capture ... Not part of subscription
News Commentary | May 25, 2022
Indian Oil Corporation (IOC), the largest state‑owned oil and gas company in India, plans to capture 700,000 tonne/a of CO2 from its refinery that uses steam methane reforming for hydrogen production. Most of the captured CO2 will be used for enhanced oil recovery (EOR), while a smaller portion will... Not part of subscription