8,005 Active Recruiters     Over 2 Million Candidates Globally

  1. Keep me logged in
  2. forgot password

Checkout Jobs Basket (0)

You can checkout a maximum of 150 jobs.

Signup Better for Candidates

  • Create a free virtual CV and let recruiters find you
  • Automatically have your profile matched to suitable Oil & Gas positions
  • Link to your profile using it as a free online CV
  • Store all your employment documents to your profile for easy sending
  • Always receive feedback on positions applied for

Signup Better for Recruiters

  • Advertise Oil and Gas jobs for free
  • Suitable candidates automatically matched to your position
  • View candidate profiles for free
  • No more waiting for candidates to respond to job advertisements
  • Only ever pay when you match a candidate to a position
  • No more cold calling and sorting through out dated CVs

Texas $1 Billion Carbon Project to Curb Emissions, Up Oil Recovery

Published in Oil Industry News on Wednesday, 11 January 2017

Graphic for News Item: Texas $1 Billion Carbon Project to Curb Emissions, Up Oil Recovery

NRG Energy Inc and JX Nippon Oil & Gas Exploration Corp said on Tuesday they had begun operations at a $1.04 billion carbon capture facility at a Texas coal-fired power plant and were using the emissions to extract crude from a nearby oilfield.

The facility, the largest of its kind in the world, is the latest in efforts by the power industry to curb carbon dioxide (CO2) emissions as pressure mounts from regulators, investors and consumers to stem climate change.

The carbon capture facility could become a model for CO2 collection at existing power plants in China and India, analysts said.

By pumping the plant's CO2 underground to extract oil, the project could ameliorate concerns from environmentalists about emissions from coal-fired power plants while also using a funding mechanism - oil sales - to pay for long-term maintenance.

The U.S. Department of Energy funded $190 million of the project's construction, with $250 million in loans from the Japanese government. NRG and privately-held JX Nippon split the remaining $600 million cost in a joint venture arrangement.

At its peak, the Thompsons, Texas, facility should collect 1.6 million tons of carbon dioxide per year, roughly 90 percent of emissions from NRG's nearby power plant, the largest in Texas.

The facility collects the plant's carbon emissions, known as flue gas, via a pipe 16 feet in diameter and strips out CO2 in a four-step process. The plant, engineered by Mitsubishi Corp, has collected more than 111,000 tons of CO2 since opening on December 29.

Carbon capture has existed in various forms for decades. Utilities, though, have struggled with what to do with CO2 once it is collected since power plants are rarely near underground storage caverns or existing oil wells.

A new $7 billion Southern Co power plant in Kemper, Mississippi, slated to open later this month, would chemically alter coal before collecting carbon, a different process from the NRG venture, which connects to an existing power plant.

NRG, one of the largest power providers in deregulated Texas, said the CO2 project would not affect electricity costs.

In an agreement with privately-held Hilcorp Energy, the NRG-JX Nippon joint venture built an 80 mile CO2 pipeline to the West Ranch Oil Field, which first opened in 1930 and produces 300 barrels of oil per day (bpd).

With the help of CO2 injections, production should jump to 15,000 bpd within three years, NRG said.

Source: www.reuters.com

Please leave comments and feedback below


American Oil and Gas, Texas Oil and Gas, Texas Gas Plant, NRG-JX Nippon Oil and Gas, Hilcorp Oil and Gas, Oil and Gas News

Oil and Gas News Archive

Latest Oil & Gas News

Featured Companies

  • View All JobsNOVATEK

    NOVATEK is one of the largest independent natural gas producers in Russia.

    Engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons, NOVATEK have 20 years of operational experience in the Russian oil and natural gas sector.

    Visit us online: www.novatek.ru/en/

  • View All JobsChronos Oil and Gas

    Chronos Oil and Gas is one of the fastest growing and best placed recruitment agencies in the sector.

    With over 300,000 candidates on our database and an international team of specialist recruiters we work with clients to staff major projects around the world.

    Register your CV at www.chronosoilandgas.com

  • View All JobsNatural Resources

    Natural Resources is a UK based recruitment company providing personnel of all disciplines and nationalities worldwide.

    We represent clients and candidates at all levels who operate globally within oil & gas, renewables, nuclear, power, mining, marine, drilling, construction and petrochemicals. Our client base includes energy and construction.

    Visit Natural Resources at natural-resources.com