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
Equinor Releases Overview of Share Buyback Program
2024-04-17 - Equinor said the maximum shares to be repurchased is 16.8 million, of which up to 7.4 million shares can be acquired until May 15 and up to 9.4 million shares until Jan. 15, 2025 — the program’s end date.
Buffett: ‘No Interest’ in Occidental Takeover, Praises 'Hallelujah!' Shale
2024-02-27 - Berkshire Hathaway’s Warren Buffett added that the U.S. electric power situation is “ominous.”
Range Resources Holds Production Steady in 1Q 2024
2024-04-24 - NGLs are providing a boost for Range Resources as the company waits for natural gas demand to rebound.
Exxon Mobil, Chevron See Profits Fall in 1Q Earnings
2024-04-26 - Chevron and Exxon Mobil are feeling the pinch of weak energy prices, particularly natural gas, and fuels margins that have cooled in the last year.
Keeping it Simple: Antero Stays on Profitable Course in 1Q
2024-04-26 - Bucking trend, Antero Resources posted a slight increase in natural gas production as other companies curtailed production.