• Upstream
  • Pipelines & Transport
  • Downstream
Saturday, July 19, 2025
Oil&Gas Advancement
  • Home
  • News
    Snam GTSOU Sign MoU to Boost Italy Ukraine Gas Markets

    Snam, GTSOU Sign MoU to Boost Italy-Ukraine Gas Markets

    Naftogaz, Baker Hughes Signs MOU to Boost Ukraine Energy

    Naftogaz, Baker Hughes Signs MOU to Boost Ukraine Energy

    SEFE-ADNOC-Gas-Deal Expands LNG Supply for Europe Energy

    SEFE, ADNOC Gas Deal Expands LNG Supply for Europe Energy

    Canada Broadens Outlook to be LNG Exporting Superpower

    Canada Broadens Outlook to be LNG Exporting Superpower

    Turkey Hikes Natural Gas Prices

    Turkey Hikes Natural Gas Prices Amid Budget Pressures

    Indonesia and Saudi

    Indonesia and Saudi Sign $27B Oil and Gas Investment Deals

    Oil Prices Surge 3 Percent

    Oil Prices Surge 3 Percent Amid Iran Move and US deal

    Germany Allows Drilling in North Sea Protected Marine Zone

    Germany Allows Drilling in North Sea Protected Marine Zone

    Crude Oil Prices Rise Ahead

    Crude Oil Prices Rise Ahead of OPEC Production Update

  • Projects
    South Africa Proposes

    South Africa Proposes US LNG Purchase Deal for 10 Years

    Alaska LNG

    Glenfarne Announces Over $115 Billion of Strategic Partner Interest for Alaska LNG

    UAE Energy Investments in the US

    UAE Energy Investments in the US to Reach $440B by 2035

    agreements with US companies

    Aramco announces 34 MoUs and agreements with US companies

    Future-proofing-gas-sector

    Future-proofing Gas Sector for Efficiency and Sustainability

    South-Africa-Oil-and-Gas-Exploration

    South Africa Speeding-up its Oil and Gas Exploration

    Upstream-Exploration

    High-Risk Geographies in Upstream Exploration and Challenges

    Offshore-Drilling

    Innovations Driving the Future of Offshore Drilling

    Gato-do-Mato

    Shell Approves Gato do Mato Project in Brazil

  • Whitepapers

    OGA 2017 Post Show Report

    US Polyethylene Export Market Report 2017-2020

    US Polyethylene Export Market Report 2017-2020

    Embedded SSD Flash Management

    Enterprise SSD: More Than Just a New Kind of Hard Drive

    Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

    Don’t Miss the Unconventional Resource Revolution’s Next Wave

    Better Safety, Better Business: Maintain Compliance and Drive Revenue: Put All of Your Data to Work

    Breaking the Application Barrier: Why Data is the Most Valuable Asset in the Oil and Gas Industry

    Drilling Optimization Through Advanced Analytics Using Historical and Real-Time Data

  • Press Releases
    Youth-Empowerment at Namibia Oil and Gas Conference 2025

    Namibia Oil and Gas Conference 2025 Announces Future Generations Masterclass in Partnership with the Namibia Youth Energy Forum

    Alaska LNG

    Glenfarne Announces Over $115 Billion of Strategic Partner Interest for Alaska LNG

    agreements with US companies

    Aramco announces 34 MoUs and agreements with US companies

    Sinopec Sets New Vertical Well Depth

    Sinopec Sets New Vertical Well Depth Record of 5,300 Meters

    Jubail Asset Integrity

    Jubail to Host the 3rd Asset Integrity and Process Safety Conference & Exhibition 2025

    IPTC 2025 Launched: Driving Innovation, Sustainability, and Excellence in Energy

    Ocean Business announces exhibitor list for 2025 show

    Ocean Business 2025 conference programme announced

    Engine No. 1, Chevron And GE Vernova To Power U.S. Data Centers

  • Market Reports
    HDPE Market in Oil and Gas

    HDPE Market in Oil and Gas: Trends and Global Forecast

    Top 5 Oil and Gas Sector Trends that are Active in 2025

    Oil-and-Gas-Analytics

    Oil and Gas Analytics Market Growth Trends and Forecast

    Gas-Transportation

    Transport Capacity – Key to Gas Sector Growth in India

    Offshore-Drilling

    Namibia Showcases its Offshore Drilling Activities

    Global-Oil

    Demand for Global Oil to Grow to Almost 104 mb/d in 2025

    ExxonMobil to sell Norway upstream operations for $4.5 billion

    ExxonMobil completes acquisition of Pioneer Natural Resources

    Ithaca Energy unit to acquire Chevron’s Central North Sea assets

    ExxonMobil doubles Permian footprint after finalizing Pioneer acquisition

    CNOOC

    Petrobras achieves second highest profit in history in 2023: R$ 124.6 billion

  • Events
  • Contact Us
No Result
View All Result
Oil&Gas Advancement
No Result
View All Result

ExxonMobil plans to increase carbon capture at LaBarge, Wyoming facility

ExxonMobil to sell Norway upstream operations for $4.5 billion
Share on FacebookShare on Twitter

ExxonMobil today initiated the process for engineering, procurement and construction contracts as part of its plans to expand carbon capture and storage (CCS) at its LaBarge, Wyoming facility, which has already captured more CO2 than any other facility in the world. The expansion project will capture up to 1 million metric tons of CO2, in addition to the 6-7 million metric tons already captured at LaBarge each year.

“The expansion of our carbon capture and storage operations at LaBarge underscores our commitment to advancing CCS projects around the world,” said Joe Blommaert, president of ExxonMobil Low Carbon Solutions. “This technology is critical to help meet society’s lower-emissions goals, and with the right policies in place, is immediately deployable. ExxonMobil has long supported policies that provide a predictable price on carbon emissions, which enable new or expanded carbon capture and storage investments.”

The LaBarge expansion project is in the design and permitting phase and a request for bids for engineering, procurement and construction contracts has been issued to third parties. A final investment decision is expected in 2022 and will be based on several factors, including regulatory approvals. Operations could start as early as 2025.

The proposed $400 million investment is the latest in multiple expansions of carbon capture at LaBarge. The location currently represents nearly 20% of all CO2 captured in the world each year. The expansion will further mitigate emissions by capturing up to an additional 1 million metric tons of CO2 each year.

ExxonMobil Low Carbon Solutions is evaluating several other large-scale carbon capture and storage projects in the US Gulf Coast, Europe and Asia. The company has an equity share in approximately one-fifth of global CO2 capture capacity and has captured approximately 40% of all the captured anthropogenic CO2 in the world.

In addition to producing natural gas, LaBarge is one of the world’s largest sources of helium and produces approximately 20% of global supply. Helium is a critical component in many fields, including scientific research, magnetic resonance imaging, high-tech manufacturing (semi-conductors), space exploration, and national defense.

ExxonMobil continues to advocate for an explicit price on carbon to incentivize further public and private investments such as the LaBarge expansion, in the highest emitting sectors vital to society’s growing needs.

ExxonMobil established its Low Carbon Solutions business to commercialize low-emission technologies. It is initially focusing its carbon capture and storage efforts on point source emissions, the process of capturing CO2 from industrial activity that would otherwise be released into the atmosphere, and injecting it into deep underground geologic formations for safe, secure and permanent storage. The business is also evaluating strategic investments in biofuels and hydrogen to bring those lower-emissions energy technologies to scale for the highest emitting sectors of the global economy.

The International Energy Agency projects CCS could mitigate up to 15% of global emissions by 2040, and the U.N. Intergovernmental Panel on Climate Change estimates global decarbonization efforts could be twice as costly without wide-scale deployment of carbon capture and storage.

About ExxonMobil

ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world.

Previous Post

Guyana seeks a 135-mile subsea gas pipeline to extend its energy win streak

Next Post

East Coast Cluster selected as one of the UK’s first two carbon capture and storage projects

Related Posts

Youth-Empowerment at Namibia Oil and Gas Conference 2025
Press Releases

Namibia Oil and Gas Conference 2025 Announces Future Generations Masterclass in Partnership with the Namibia Youth Energy Forum

July 18, 2025
Turkey Hikes Natural Gas Prices
Gases

Turkey Hikes Natural Gas Prices Amid Budget Pressures

July 11, 2025
LNG Canada Export Launches
Gases

LNG Canada Export Launches First Shipment to Asia

July 4, 2025
South Africa Proposes
Africa

South Africa Proposes US LNG Purchase Deal for 10 Years

June 4, 2025
Alaska LNG
Pipelines & Transport

Glenfarne Announces Over $115 Billion of Strategic Partner Interest for Alaska LNG

June 4, 2025
HDPE Market in Oil and Gas
Asia Pacific

HDPE Market in Oil and Gas: Trends and Global Forecast

May 26, 2025
Next Post
East Coast Cluster selected as one of the UK's first two carbon capture and storage projects

East Coast Cluster selected as one of the UK's first two carbon capture and storage projects

Snam GTSOU Sign MoU to Boost Italy Ukraine Gas Markets
News

Snam, GTSOU Sign MoU to Boost Italy-Ukraine Gas Markets

July 17, 2025
Naftogaz, Baker Hughes Signs MOU to Boost Ukraine Energy
News

Naftogaz, Baker Hughes Signs MOU to Boost Ukraine Energy

July 16, 2025
SEFE-ADNOC-Gas-Deal Expands LNG Supply for Europe Energy
Europe

SEFE, ADNOC Gas Deal Expands LNG Supply for Europe Energy

July 15, 2025
Canada Broadens Outlook to be LNG Exporting Superpower
News

Canada Broadens Outlook to be LNG Exporting Superpower

July 11, 2025
Turkey Hikes Natural Gas Prices
Gases

Turkey Hikes Natural Gas Prices Amid Budget Pressures

July 11, 2025
Indonesia and Saudi
News

Indonesia and Saudi Sign $27B Oil and Gas Investment Deals

July 10, 2025

Subscribe Us

Resources

  • Advertise with us
  • Contact Us
  • Newsletter Archive
  • Download Mediapack

System

  • Search
  • Site Map
  • RSS Feed
  • Upstream
  • Pipelines & Transport
  • Downstream

© 2018 Copyright Valuemediaservices 2018 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Projects
  • Whitepapers
  • Press Releases
  • Market Reports
  • Events
  • Contact Us

© 2018 Copyright Valuemediaservices 2018 All rights reserved.