Storing carbon dioxide is being developed to reduce greenhouse gas emissions while continued carbon dioxide enhanced oil recovery techniques could transform the greenhouse gas into a valuable commodity.
As one among several major oil companies in Oman, BP appears poised to grow its investment by drilling 300 wells targeting reserves of up to 7 Tcf, according to a company spokesman.
In the E&P segments, GE Oil & Gas will focus on three mega-trends in 2012: unconventional oil and gas development, enhanced oil recovery, and deepwater drilling.