Jaxon Caines, technology reporter, Hart Energy: I’m Jaxon Caines, technology reporter, and this is Tech Trends with Hart Energy LIVE.
On January 26, President Biden formally put a pause on approvals for LNG projects, halting billions of dollars in investments for energy companies.
But even if the U.S. isn't buying natural gas, other places like Asia, Australia and Norway still have a number of LNG projects. Because of that need, companies like Halliburton are going to keep innovating and investments are going to keep going.
Halliburton’s newly announced CorrosaLock cement solution provides a better way to capture carbon produced from natural gas as it creates a cement sheath for the pipe that is resistant to CO2 and also strengthens the integrity of the cement barrier.
CorrosaLock is a composite of Portland-based cement and Halliburton’s WellLock resin system.
This combination of resin and cement creates an enhanced cement sheath specifically designed to minimize the effect CO2 has on the pipe and reduce permeability as well, which in turn keeps the pipe intact and prevents any gas from escaping.
In addition to that, the increased elasticity and shear bond strength allows the barrier to better withstand downhole forces during cyclic injection when compared to conventional cement systems.
That’s this week's Tech Trends with me, Jaxon Caines. Every Tuesday we'll have a new episode drilling into the tech that fuels the oil patch at hartenergy.com/EP.
Recommended Reading
Seadrill Sells Three Jackups for $338MM to Gulf Drilling International
2024-05-17 - Seadrill Ltd. is also selling its 50% equity interest in the joint venture that operates the rigs offshore Qatar.
Could Crescent, SilverBow Buy More in South Texas After $2.1B Deal?
2024-05-17 - The combination of Crescent Energy and SilverBow Resources will yield one of the Eagle Ford’s top producers—and the pro forma E&P could look to gobble up more acreage in South Texas after closing.
Permian Powerhouse: Apache Doubles Down on Core Assets After Callon Acquisition
2024-05-16 - Apache CEO John Christmann detailed plans for the Permian Basin and Suriname during the SUPER DUG Conference & Expo.
Crescent Energy to Buy Eagle Ford’s SilverBow for $2.1 Billion
2024-05-16 - Crescent Energy’s acquisition of SilverBow Resources will create the second largest Eagle Ford Shale E&P with production of about 250,000 boe/d, the companies said.
PE Investors Scoop Up Offshore Services Provider Acteon Group
2024-03-27 - Acteon Group, a U.K.-based subsea services provider serving customers in offshore oil, gas and renewables, was acquired by new private equity backers.