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Occidental, SK Trading International Sign First Agreement for Net-Zero Oil Created from Captured Atmospheric Carbon Dioxide

Occidental has announced an agreement with an affiliate of SK Trading International, a subsidiary of SK Innovation Co. Ltd., for the first net-zero oil (1) created by combining crude oil together with environmental attributes generated from the sequestration of atmospheric carbon dioxide (CO2) captured via 1PointFive’s planned large-scale Direct Air Capture (DAC) facility and sequestered in Occidental’s enhanced oil recovery (EOR) reservoirs in the U.S. Permian Basin. SK Trading International expects to convert the net-zero oil into net-zero products.

Occidental, SK Trading International Sign First Agreement for Net-Zero Oil Created from Captured Atmospheric Carbon Dioxide

Talos Energy Moves Forward with Texas Carbon Capture Project

Talos Energy Inc. has announced that Bayou Bend CCS LLC, Talos's venture with Carbonvert, Inc. (the "Venture"), executed definitive lease documentation with the Texas General Land Office ("GLO"), formalizing the previously announced carbon capture and sequestration ("CCS") site located offshore Jefferson County, Texas, near the Beaumont and Port Arthur, Texas industrial corridor.

Talos Energy Moves Forward with Texas Carbon Capture Project

New Measures to Maintain High Gas Exports to Europe

Equinor and its partners, together with Norwegian authorities, take new steps to meet the gas demand in Europe. Increased production permits allow the high gas production from the Troll, Oseberg and Heidrun fields to be maintained through the summer months.

New Measures to Maintain High Gas Exports to Europe
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