Happy Friday!
We love articles which tie to our
previous Blogs. We blogged about Occidental
Petroleum’s (OXY) subsidiary 1PointFive and its projects in East
Texas “Bluebonnet”, West Texas “Stratos”, Louisiana “Magnolia” and their South
Texas DAC Hub last Fall for either receiving federal funds or an update. We blogged earlier in the month on Oxy Low
Carbon Ventures LLC getting their Class VI Permit for three of its wells. Well, they are in the news again.
Did anyone happen to read the
Oil & Gas Journal’s Daily Update on April 17, 2025, they had an article
titled, “Occidental acquires DAC technology company Holocene”? The article is on OXY’s Low Carbon Ventures
LLC (OLCV) has recently bought Holocene Climate Corp. Holocene makes a technology when used with
their Carbon Engineering direct
air capture technology captures CO2.
Holocene showed their technology in May 2024 to the public, and they
were able to capture 450 parts/million CO2 and less than 90 parts/million CO2. Now OXY’s Low Carbon Venture owns the lock
and the key to their DAC technology. We
hope this helps move their projects forward and we will let you know, if we
hear anything else! If you would like
more information on this article from Oil and Gas Journal, please click
the links: Occidental
acquires DAC technology company Holocene | Oil & Gas Journal.
Don’t forget to check out our ESC website or contact us via the email in the Blog, if
you have a hydrocarbon liquids project you would like to see get off the ground
or you would like to see what’s under your feet to help with your emissions!
We hope you have a fun and relaxing
weekend!
**Disclaimer: You may be charged a fee to read The Oil
and Gas Journal’s article. **