The proposed CCS venture in Texas was designed to help decarbonize a canceled blue ammonia project ConocoPhillips was planning with Japan's Jera.
ConocoPhillips looks set to exit the proposed Refugio carbon capture and storage (CCS) project on the Texas coast, which was designed to decarbonize a blue ammonia plant that the US independent was planning to develop with Japan's Jera that has since been canceled.
What's Going On With ConocoPhillips Stock Monday? - ConocoPhillips (NYSE:COP)
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The US major is maintaining its target to transport and sequester 30 million tons/yr of CO2 by 2030 despite the pause of its…
ConocoPhillips (COP) stock rises after signing a 30-year gas sales agreement with Glenfarne to power the Alaska LNG project.
The cancellation deals a blow to the US blue hydrogen and derivative ammonia sectors despite recent affirmation of key "45Q" tax…
Factors including disappointing demand for CO2 storage and investor pressure for higher returns have seen many IOCs quit, sell…
ConocoPhillips of Houston on Wednesday announced plans to reduce its global work force by up to 25 percent.
The US major pointed to slower-than-expected demand growth, unfavorable policy changes and rising costs as reasons for concern.
