(POD)CAST OF CHARACTERS

Friday Feature: Live from the Launch of EnergyCapitalHTX

HETI leadership shares their excitement at the launch of the newest site from Gow Media. Photo courtesy of Marco Torres.

While the main room buzzed with excitement for the premiere of EnergyCapitalHTX.com, Michael O'Sullivan, host of the podcast Oilfield Ingenuity from the Oil and Gas Global Network (OGGN), snagged a few guests at last week's launch party for a quick conversation about the newest site from Gow Media.



In this brief clip, Bobby Tudor, founder and CEO of Artemis Energy Partners and chairman of the Houston Energy Transition Initiative, discusses the strengths and expertise Houston offers to the energy industry. Additionally, Jane Stricker, senior vice president and executive director of the Houston Energy Transition Initiative (HETI), shares the perspective held by over 20 companies backing HETI regarding the future of the energy industry.

To hear from others that sat down with Michael during the event, head on over to Oilfield Ingenuity for episode 174.

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A View From HETI

The combined technology portfolios will accelerate the introduction of promising early-stage decarbonization technology. Photo via Getty Images

SLB announced its plans to combine its carbon capture business with Norway company, Aker Carbon Capture.

Upon completion of the transaction, which is expected to close by the end of the second quarter of this year, SLB will own 80 percent of the combined business and ACC will own 20 percent.

According to a SLB news release, the combined technology portfolios will accelerate the introduction of promising early-stage decarbonization technology.

“For CCUS to have the expected impact on supporting global net-zero ambitions, it will need to scale up 100-200 times in less than three decades,” Olivier Le Peuch, CEO of SLB, says in the release. “Crucial to this scale-up is the ability to lower capture costs, which often represent as much as 50-70% of the total spend of a CCUS project.

The International Energy Agency estimates that over one gigaton of CO2 every year year will need to be captured by 2030 — a figure that scales up to over six gigatons by 2050.

"We are excited to create this business with ACC to accelerate the deployment of carbon capture technologies that will shift the economics of carbon capture across high-emitting industrial sectors,” Le Peuch continues.

SLB is slated to pay NOK 4.12 billion — around $379.4 million — to own 80 percent of Aker Carbon Capture Holding AS, which owns ACC, per the news release, and SLB may also pay up to NOK 1.36 billion over the next three years, depending on business performance.

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