Oxy Expects Delayed Start-Up at First DAC Plant

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

Supply chain issues will delay the commercial start-up date for Occidental Petroleum’s first direct air capture (DAC) plant in the Permian Basin as the US independent increases spending this year to build up both its low-carbon business unit and its traditional oil and natural gas arm.

Carbon Capture (CCS), Earnings, Corporate Strategy , Capital Spending, Independent E&Ps, Upstream Projects, Shale, Deepwater, EOR
Wanda Ad #2 (article footer)
Net exports of crude and refined products from the US plunged in January, but still averaged almost 1 million barrels per day.
Fri, Mar 31, 2023
Unlike other North American basins, Western Canada’s gas-rich Montney Shale has seen a burst of consolidation that shows little sign of abating.
Fri, Mar 31, 2023