The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.
Is This The Carbon Capture Technology Of The Future? By Fernando C. Hernandez - Feb 10, 2021, 5:50 PM CST
As the world increases its Net Zero and decarbonization efforts, many Energy Transition technologies are being introduced to meet the Paris Agreement’s global temperature targets, an agreement which the U.S has now rejoined. Direct Air Capture (DAC) is one such technology that aims to reduce carbon emissions by removing CO2 from the atmosphere. However, this green-friendly technology has a not-so-green side as well, as it can be used to enhance oil and gas production by injecting the captured CO2 into reservoirs: this method has been used by oil producers for years.
The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.
Investor Preview: The Energy Venture Investment Summit presented by Colorado School of Mines and EnerCom
The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines Wednesday, February 10
th – Thursday, February 11
th, 2021. Due to the pandemic, the conference will be hosted virtually on EnerCom’s proprietary energy news platform, Oil & Gas 360®, targeting more than 25,000 energy professionals and investors.
Featured presenters include companies within the air quality and methane monitoring, renewable natural gas, carbon capture, advanced instruments, geothermal, oil and gas production efficiencies, drilling oil recycling technology, innovative water management, and utility-scale ocean wave power industry segments.
Qualified members of the investment community are invited to one-on-one request meetings with management teams from the conference’s lineup. Meetings will take place virtually in the afternoons on February 10
Increasing demand from the oil and gas industry
Clear brine fluids are salt-based solutions that find applications in extracting and drilling operations for the petroleum and gas sector. These fluids also aid in controlling high-temperature and high-pressure in the reservoir during conventional drilling processes and further reducing the damage and hazards. Proliferating the oil and gas sector along with increasing drilling of rigs for gas extraction will significantly contribute to the industry expansion during the forecast period.
Depleting of easily available natural gas and crude oil sources is forcing energy companies to look for unconventional energy sources, accompanied by increasing adoption of efficient techniques like enhanced oil recovery will further boost the clear brine fluids markets. Industry players are developing energy products from unconventional resources including gas hydrates, coal bed methane, shale gas/oil, and tight gas sands. Clear brine fluids requireme