Carbon Negative

RP Weekly Recap | March 1 – 5

Summary

Chevron has announced it will work with a unit of oilfield services giant Schlumberger, as well as with Microsoft and private company Clean Energy Systems, to build a bioenergy plant with carbon capture technology that would produce carbon-negative power in Mendota, California. The bioenergy with carbon capture and sequestration (BECCS) project is planned to convert agricultural waste biomass, such as almond trees, into a renewable synthesis gas that will be mixed with oxygen in a combustor to generate electricity. This is Chevron’s newest project as a growing number of oil corporations look to develop carbon capture technology and other low-carbon energy solutions. Check out this story and more in this week’s recap of all things happening in oil and gas!


COVID-19 Updates

COVID-19 Statistics

  • Number of Cases (Worldwide): 115,819,887 (up from 113,207,169 last week)
  • Number of Cases (USA): 28,833,212 (up from 28,423,994 last week)
  • Statistics courtesy of Johns Hopkins

Financial & Economic Updates

U.S. Oil Market News

Global Market News


Employment Updates


United States Rig Count

  • UP 1 from last week for a total of 403
  • Down 49.1% from one year ago
  • Statistics courtesy of Baker Hughes

RARE PETRO Updates

Content UpdatesNews PulsePodcast

  • Episode Thirteen of The Industry Leader Spotlight Podcast is available now! Be sure to check out our interview with Founder and CEO at Rainmaker Global Business Development, Clark Grue!

  • A new episode of the Periodical Podcast is available now! Be sure to check out our discussion covering the ongoing battle between the Biden Administration and the state of New Mexico over federal leasing and New Mexico’s fears on state funding.     

  • This week’s Periodical covers another state attempting to fight Joe Biden’s executive order to indefinitely ban lease sales for oil and gas development on all federal lands and offshore waters. With over half their production sitting on threatened lands, New Mexico would be hit hardest by this order but has taken the largest strides to ensure development will continue to prosper in the future.

  • Episode 10 (Tackling the Data Monster Pt. 1) from our newest segment, the Modern Mobile Oilfield is available now! This series is a collaborative effort between world renowned author Geoffrey Cann and RP host Tavis Killian that will expand on topics covered in the book “Bits, Bytes, and Barrels”. This new segment is aimed at energy professionals at any level who are looking to better understand the future of a digital oilfield, and potentially implement these technologies into their company’s workflow. Be sure to watch or listen on all available platforms!


Subscribe HERE


Click above to subscribe to the RARE
PETRO Podcast Network or visit
www.rarepetro.com/newspulse


The information contained in this newsletter is provided by RARE
PETRO Engineering, PLLC via the linked sources unless otherwise
noted.

Categories

Send Us a Message

6 + 9 =

1224 Washington Ave,
Suite 10
Golden, CO 80401

(720) 772-7371

contactus@rarepetro.com

Rare Petro Logo

Subscribe!

Oil & Gas News Pulse

Newsletter

You have Successfully Subscribed!