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Occidental Leaps into DAC, but Will Costs Drag it Down?

Occidental Petroleum is taking a multibillion-dollar leap into direct air capture (DAC), recently inking a $1.1 billion deal to acquire technology partner Carbon Engineering. But can the company bring down costs for its DAC dreams? ....

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Occidental Petroleum to Acquire Carbon Engineering for $1.1B

Occidental Petroleum has worked with Carbon Engineering on direct air capture technology since 2019, and CEO Vicki Hollub said the technology partnership will add new revenue streams in the form of technology licensing and royalties. ....

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Honeywell Picks Up the Pace on CCS

Honeywell’s carbon capture and storage technology was selected for Exxon Mobil’s blue hydrogen and CCS project in Baytown, Texas. ....

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Analysts: Exxon-Denbury Deal Adds Meaningful CCS Scale for the Future

Acquiring Plano-based Denbury Inc. in a $4.9 billion deal gives Exxon Mobil even greater scale in carbon capture, utilization and storage (CCUS) a major pillar of the U.S. supermajor’s low-carbon strategy. ....

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EnLink Midstream: Right Place, Right Time, Right Size

CEO Jesse Arenivas takes EnLink Midstream to first-mover status with a pipeline of carbon capture and sequestration projects. ....

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