In Person Events, Energy Transition, and CO2 for Injection
Dear Colleagues,
As we move into April, the energy landscape continues to evolve with new developments and opportunities. Here are some of the key stories and events shaping our industry:
President Biden's recent decision to pause LNG exports is set to impact Asia's energy plans significantly, underscoring the interconnectedness of global energy markets. Meanwhile, despite crude prices hovering around $90, US oil output remains constrained by weak natural gas prices, highlighting the complex interplay between different energy commodities.
The race to scale up carbon capture technology is gaining momentum, with major oil companies investing heavily to slash emissions. Chevron's recent acquisition of a stake in liquid carbon capture developer Ion Clean Energy and TotalEnergies' purchase of Talos Energy's CO2 storage business are notable examples of this trend. Understanding the differences between CO2 EOR and CCS injection well metallurgy is crucial for effective carbon management.
The geothermal energy sector is receiving renewed attention as part of the broader energy transition, with a recent update on the grand challenge for geothermal energy highlighting its potential for significant advancements. Read more about geothermal energy's potential. In a significant industry development, SLB has announced an agreement to acquire ChampionX in an all-stock transaction, highlighting the ongoing consolidation and strategic partnerships within the energy sector.
Pemex is reigniting its deepwater ambitions, signaling a continued interest in exploring untapped offshore resources. Discover Pemex's deepwater plans.
Upcoming Events:
- SPE 2024 Golf Tournament: Join us for our annual Scholarship Golf Tournament on May 3, 2024, at the Navy "Destroyer" Course in Cypress, CA. Your participation supports our scholarship and outreach programs. Details and registration.
- Energy Transition Discussion: Don't miss our upcoming discussion on the energy transition, featuring industry experts including myself, Andrew López, Hiren Patel, and Richard Holt. This event will provide valuable insights into the future of energy and the role of emerging technologies. Event details and registration.
As we navigate these developments, I encourage all of you to stay engaged and informed. The SPE LA Basin Section is committed to providing valuable resources and opportunities for professional growth.
Sincerely,
Andrew López
SPE LA Basin Section Chair 2020-2024
aslopez@burnsmcd.com