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
CorEnergy Infrastructure to Reorganize in Pre-packaged Bankruptcy
2024-02-26 - CorEnergy, coming off a January sale of its MoGas and Omega pipeline and gathering systems, filed for bankruptcy protect after reaching an agreement with most of its debtors.
Tellurian, Institution Investor Agree to New Loan Repayment Terms
2024-02-22 - Tellurian reached an agreement with an unnamed institutional investor to pledge its interest in the Driftwood project as collateral.
M4E Lithium Closes Funding for Brazilian Lithium Exploration
2024-03-15 - M4E’s financing package includes an equity investment, a royalty purchase and an option for a strategic offtake agreement.
Baytex Prices Upsized Private Placement of Senior Notes
2024-03-15 - Baytex intends to use the proceeds to pay a portion of outstanding debt on its credit facilities and general corporate purposes.
Par Pacific Asset-based Revolving Credit Bumped Up by 55%
2024-03-25 - The amendment increases Par Pacific Holdings’ existing asset-based revolving credit facility to $1.4 billion from $900 million.