The oil and gas industry is increasingly turning to carbon capture technology as a way to reduce its environmental impact. Carbon capture involves capturing carbon dioxide (CO2) from industrial processes such as power plants and refineries, and then storing it away from the atmosphere. This process helps to reduce emissions of greenhouse gases, which are responsible for climate change.
Carbon capture has been around for some time, but recently there has been an increased focus on using it to help amplify oil production. This includes using CO2 for enhanced oil recovery (EOR), which involves injecting CO2 into existing oil fields to increase their yield. It can also be used in combination with other technologies such as hydrogen fuel cells, which can produce clean energy while reducing emissions.
In addition, carbon capture can be used in conjunction with other technologies such as carbon utilisation and storage (CCUS). CCUS involves capturing CO2 from industrial sources and then storing it away from the atmosphere in underground reservoirs or other geological formations. This helps to reduce emissions while also providing a potential source of revenue for companies that invest in this technology.
Finally, there is a growing interest in using carbon capture for net zero emissions targets. Companies are looking at ways to use this technology to offset their own emissions by capturing and storing CO2 from industrial processes or even directly from the atmosphere itself.
Overall, carbon capture is becoming an increasingly important part of the oil and gas industry’s efforts to reduce its environmental impact. By investing in this technology, companies can help reduce emissions while still producing the energy they need to meet global demand.
Check out the report on Valve Lubricants for Carbon Capture and Storage Operations (CCUS) | RS Clare when RS Clare teamed up with Schlumberger and a prominent IOC (International Oil Company) to conduct a detailed analysis on Valve Lubricant 601TM and how it behaves when mixed with Supercritical CO2.