Occidental Energy (NYSE: OXY) has secured Class VI permits from the U.S. EPA to sequester carbon from its STRATOS Direct Air ...

Energy and chemicals leader Aramco has launched Saudi Arabia’s first carbon dioxide direct air capture (DAC) test unit, capable of removing 12 tonnes of carbon dioxide per year from the atmosphere.

In an earnings call this week, Occidental described its DAC business as imperative to the company’s ability to produce more oil. “We believe the next round of technology that’s going to add ...

Occidental Petroleum (NYSE: OXY) is a major player in the energy sector and is one of the United States' top oil and gas producers. After a banner year in 2022, Occidental strengthened its balance ...

Aramco, the world's top oil exporter, aims to reduce its so-called Scope 1 and 2 emissions to net zero by 2050. Aramco announced the pilot DAC unit with Siemens Energy in October 2023 and said at ...

Saudi Aramco is in talks to invest in two planned refineries in India as the world’s top oil exporter looks for a stable ...

The permits, issued under the Safe Drinking Water Act’s Underground Injection Control program, are the first issued to sequester CO2 from a DAC project, Occidental said in a ...

EDF Renewables North America (EDFR) is developing direct air capture (DAC) facilities in Texas in collaboration with climate technology company Skytree, and Dutch carbon capture, utilization ...

“We've got one of our peers also in the oil industry has visited the DAC (facility), came up to see it. We had a meeting with them, helped them understand it. It's important for us to, as we go ...