Rakesh Bohra , PhD.’s Post

🤯 Big CCS plans from ExxonMobil Low Carbon Solutions, with a lease for CO2 storage the size of Texas! Find out more below 👇 #EPCShow

ICYMI: ExxonMobil secures lease for offshore carbon storage - adding significant storage potential to the company's #CCS portfolio. I'm thrilled another piece of the carbon management puzzle is coming together. Major storage opportunities like these are critical to scaling emissions reductions across industry. Follow the progress: ExxonMobil Low Carbon Solutions

ExxonMobil secures largest CO2 offshore storage site in the U.S. - ExxonMobil has secured access to over 271,000 acres in Texas state waters, ideal for CO2 storage. - The agreement will directly benefit the Texas Permanent School Fund. - This is the latest example of ExxonMobil's leadership in building a carbon capture industry in the U.S. - The lease complements ExxonMobil's onshore CO2 storage portfolio and solidifies the U.S. Gulf Coast as a carbon capture and storage leader. - This initiative is part of ExxonMobil's commitment to carbon capture and storage, with plans to drive significant emissions reductions along the Gulf Coast. - The offshore acreage will provide essential storage space for CO2 emissions, aiding in meeting society's net-zero goals. - ExxonMobil operates the largest CO2 pipeline network in the U.S. and is positioned to leverage its extensive infrastructure for comprehensive solutions. - The revenue from this lease will enhance education for Texas children while reducing emissions and fostering community development. - ExxonMobil aims to achieve net-zero Scope 1 and 2 greenhouse gas emissions from its operated assets by 2050 with technology advancements and supportive government policies. https://lnkd.in/g6jSDcDF

I am following the Aussie Decommissioning stuff with some interest since I was involved, as fld engineer onboard DB Thor, during the installation of the North Rankin platform. Over the years, I have come to understand (and learn the hard way) that priorities between Government Agencies, the Oil and Gas Operators, the Supply Chain do not always align and most of the time detonate with each other. Question: Who wants What? Government Regulator want •Decommissioning  Security Assurance •No Liability from Bankrupt Operators •Compliance with Legislation •Create jobs & plow money back into society •Safe operations – 0 lti •No impact on environment Oil and Gas Operators want.. •Most Economical Low-Cost Decom Project •Compliance with Laws & PSC agreements •Sustainable operations (ESG goals) •Protect their Reputation (avoid scrutiny) •Funds to discharge liability •Ultimate control how the money is spent •Autonomy over work scope definition - no qualifications •Highest HSEQ performance •No risk or surprises at the end of field life Oil and Gas Supply Chain want.. •Commitment from the Operator •Get on with the job NOW ! •To do the job in lean times (fill in work) •Share Risks and Rewards fairly (not EPRD contracts) •Redeploy resources from cancelled projects •Retain skilled labor by steady workflow •Ensure prompt payment to maintain cash flow •Contracts that account for unforeseen complexities and compensate fairly for additional work

ExxonMobil Signs the Largest Offshore Carbon Storage Deal in U.S. History. One of the wealthiest companies on the planet just made another massive play in carbon capture and storage. It secured 271,000 acres of Texas state waters for offshore CCS—its 6th CCS project. Exxon’s strategy is clear: dominate the CCS value chain. After acquiring Denbury in 2023, they now own the largest CO2 pipelines in the U.S. Their LaBarge facility already captures 6–7 million tons of CO2 annually. Exxon's goal is to cut more than 100 million metric tons of emissions annually. Looks like the big players are finally recognizing the business potential in CCS… #CCS #energytech #energytransition #climatetech

𝐄𝐱𝐱𝐨𝐧𝐌𝐨𝐛𝐢𝐥 𝐒𝐞𝐜𝐮𝐫𝐞𝐬 𝐋𝐚𝐫𝐠𝐞𝐬𝐭 𝐎𝐟𝐟𝐬𝐡𝐨𝐫𝐞 𝐂𝐎𝟐 𝐒𝐭𝐨𝐫𝐚𝐠𝐞 𝐋𝐞𝐚𝐬𝐞 𝐢𝐧 𝐔.𝐒. 🌊🌍 ExxonMobil is expanding its carbon capture and storage (CCS) business with a new offshore lease and a major CCS deal. On October 10, the company announced it signed the largest offshore CO2 storage lease in the U.S., covering over 271,000 acres from the Texas General Land Office. The site complements ExxonMobil's growing onshore CO2 storage portfolio and is adjacent to a CO2 pipeline acquired through its $4.9 billion purchase of Denbury Resources. The first customer for the site will be CF Industries, which struck a deal to remove up to 500,000 metric tons of CO2 annually from its Mississippi plant. ExxonMobil also recently agreed to store 1.2 million metric tons of CO2 from Momentum Midstream's NG3 pipeline project in Louisiana, marking its first CCS deal with a natural gas processor. Stay updated with the latest insights by visiting xpylon.com. https://lnkd.in/ddvzkvmn #SustainableEnergy #EnergyTransition #EnergyNews #EnergyUSA

ExxonMobil has just announced that they've finalized the execution of the largest offshore CO2 storage lease in the U.S., covering over 271,000 acres in Texas state waters. 🔹 𝗞𝗲𝘆 𝗗𝗲𝘁𝗮𝗶𝗹𝘀: 𝗦𝗶𝘇𝗲 & 𝗣𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹: The site has an estimated sequestration capacity of 275 million metric tons. 𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀: This is a massive collaborative effort with partners like Mitsubishi Heavy Industries, Linde, Air Liquide, BASF, Shell and many more. 𝗧𝗶𝗺𝗲𝗹𝗶𝗻𝗲: Operations are expected to start by 2025, pending regulatory approvals. 🔹 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗜𝗺𝗽𝗮𝗰𝘁: 𝗘𝗻𝘃𝗶𝗿𝗼𝗻𝗺𝗲𝗻𝘁𝗮𝗹 𝗚𝗼𝗮𝗹𝘀: This gets Exxon closer to their goal to capture up to 100 million tons of emissions annually from the Gulf Coast region by 2040. 𝗣𝗶𝗽𝗲𝗹𝗶𝗻𝗲 𝗨𝘁𝗶𝗹𝗶𝘇𝗮𝘁𝗶𝗼𝗻: The acreage is strategically located near the Greenline CO2 pipeline acquired by Exxon last year through the acquisition of Denbury Inc. 𝗢𝗳𝗳𝘀𝗲𝘁𝘁𝗶𝗻𝗴 𝗙𝗲𝗱𝗲𝗿𝗮𝗹 𝗔𝗰𝗿𝗲𝗮𝗴𝗲: Exxon also secured offsetting federal acreage despite no federal regulation around carbon storage. One could assume their plan is to combine these positions for a super CO2 storage site. https://lnkd.in/gairNMsS #ExxonMobil #CarbonCapture #Sustainability #Innovation #Texas #EnergyTransition #GulfCoast #SubsurfaceInnovation #CCS #Carbon #Sequestration #OffShore

The Hammerhead oil discovery, announced in August 2018, marks the ninth significant find in the offshore block by ExxonMobil in the Stabroek Block, located off the coast of Guyana. This discovery highlights the potential of Guyana's emerging oil sector, reinforcing the area's strategic importance in global energy markets. The Stabroek Block has continued to show promising results, positioning Guyana as a burgeoning player in the oil industry. This development is expected to boost economic growth in the region, attracting further investment and enhancing energy security. Continued advances in permitting and building infrastructure are vital to realizing the full potential of these resources. Stakeholders are closely monitoring the impact of these discoveries on Guyana's economy and the global energy landscape. #GuyanaOil #EnergyDiscovery #StabroekBlock [Read more](https://lnkd.in/efkggaqy)

USA CCS Update! ExxonMobil has secured offshore storage rights for its Carbon Capture and Storage (CCS) operations in the US Gulf of Mexico, covering over 1,097 km² across Jefferson, Chambers, and Galveston Counties in Texas. ExxonMobil is securing all the necessary building blocks for operational CCS. The storage rights, and CO2 infrastructure stemming from the acquisition of Denbury in 2023, along with recent commercial agreements in Texas and Louisiana, are important steps in shaping ExxonMobil’s CCUS portfolio in this region. Competition is on, as this area has become one of the most active CCUS hubs in the US, driven by the numerous announced projects from Majors and Large Independents, like Shell, bp, Chevron, TotalEnergies, Equinor, and Oxy.

At ExxonMobil, we are leveraging our pipeline expertise to keep today’s energy products flowing while safely transporting CO₂ and empowering a lower-carbon future. A key to realizing a safe, lower-carbon future will be transporting captured CO₂ emissions (that would have been released into the air) to specially designated storage areas where the CO₂ will be permanently stored deep underground. This will help sustain existing manufacturing jobs, and building the required pipeline network will create new, well-paying construction jobs. https://lnkd.in/gmZJsUUf