Today In Energy News Radio Minute (Audio Above)
Ethanol, Carbon and Kansas Oh My!
The Carbon Management Industry is here. Oil and gas companies are scrambling to figure out how to rebrand their company one more time to reflect the newest consolidation of energy, ag and waste management.
Warren Martin, executive director, Kansas Strong, explains where their Carbon Management industry is at.
“We already have some independents that are both in oil and gas and also in ethanol,” Martin said. “I think that there's definitely the fields to be able to store CO2 and capture that carbon here.”
So is there an opportunity for carbon management in Kansas?
“Yes, there's an opportunity here,” Martin said. “Just like in Kansas, there's an opportunity for wind and for solar. But the same problem exists for carbon capture as exists for wind and solar. And that is the fact that we're remote.”
Martin continues explaining how the energy fields, population centers and carbon storage fields are not in close proximity to each other.
“Where you want the electricity from the wind and where you want the electricity from the solar is not anywhere near where it's being produced here in Kansas,” Martin said. “And in the same way, Where we can store it here in Kansas is not anywhere really near the major carbon producers that we need to be able to do that carbon capture.”
He added that there are also some secondary markets emerging in the state as well.
"It's really kind of put a secondary business for some of our seismic friends out there that normally are trying to help us find oil and gas," Martin said. "They're spending a lot more time monitoring carbon capture fields. We also have quite a few ethanol plants here in the state that are trying to figure out ways to transfer their carbon to natural gas fields for secondary recovery efforts nearby."
He added some carbon pipeline news as well.
"And looking at pipelines, the University of Kansas is looking at and the Kansas Geological Service is looking at, our survey is looking at trying to find a way to build pipelines carbon pipelines to be able to get CO2 from ethanol plants to these fields to be able to use for secondary and tertiary recovery efforts and maybe get more life out of these fields while at the same time taking care of the carbon issue."
Martin has been very active educating and promoting the benefits of oil and gas, including tax revenues, community development projects and everyday uses for petroleum products.
"Informing the public about the many ways the Kansas oil and natural gas industry contributes to our state and our nation is an important part of our mission," Martin said. "Kansas Strong has implemented a multi-platform campaign to reach Kansans with our message. See how Kansas Strong is helping educate and inform Kansans about the critical role our industry plays."
Martin provides periodic messages dedicated to topics related to the oil & natural gas industry and how they impact our lives. He has appeared at over 200 events in the past year.
"So Kansas is a unique oil and gas producing state. We're 11th leading producing state in the nation. Yet we do not have big oil here in Kansas. We don't we do not have any of the major oil companies here. Only one that it could even slightly be considered a major oil producing company that actually does production here in the state," Martin said. "We have a lot of pipeline companies. We have a lot of refining companies. But oil and gas production is predominantly done by local, independent oil and gas producers across the state. We are almost exclusively a marginal well state."
WOMEN IN ENERGY: HPR STEMulus Academy
Hilda Pinnix-Ragland thinks if young girls are exposed to STEM subjects early on, they will get hooked. “We lose young girls of color when they go to middle school. I firmly believe that we need to not just talk, but do something about it.”
And do something about it, she did. Along with her colleague and fellow board member, Dr. Carolyn S. Love, the Hilda Pinnix-Ragland Summer S.T.E.M. Academy for Girls was developed in 2015.
The academy has hosted between fifteen and twenty-two fifth-grade girls each July for a free week of STEM subject learning. The participants of each year’s academy remain in touch with the program and many often return as junior counselors.
“My goal is to have them go to college and have it paid for.” As with most events this year, the academy happened virtually. The team ensured that each participant had a laptop and internet access in order to study the theme: “The Heart of the Matter: Exploring Biomedical Engineering and the Heart.”
The girls heard female doctors speak about their professions, and they built a heart out of Legos.
EMERGING ENERGIES: The Future of Oil and Gas Retail Convenience Stores Through New Digital Solutions
Retail and convenience oil and gas stations/stores are a very important part of the oil and gas business. As more new digital technologies become available in this market, these stores will become more secure and profitable, helping change the current trend of declining profits.
The National Association of Convenience Stores (NACS), an association for convenience and fuel retailing, reports that there are more than 145,000 fueling stations across the U.S., and 127,588 of these stations are convenience stores selling fuel. The rest are gas-only stations, grocery stores selling fuel, marinas, etc. There are three major kinds of gas stations: Company Owned/Company Operated (COCO), Company Owned/Dealer Operated (CODO), and Dealer Owned/Dealer Operated (DODO).
The number of gas stations has been declining over the past 10 years due to increased competition, stricter environmental regulations, and shrinking gasoline profit margins.
It’s easy to look at the gas pump right now and think that station owners are taking you for a ride. But the business model of gas stations is a bit counterintuitive. Most gas stations barely turn a profit on their core product and, when the price of oil goes up, they may even take a loss.
ENERGY EVENTS: Offshore Technology Conference 2024, NRG Park, Houston
The Offshore Technology Conference (OTC) is where energy professionals meet to exchange ideas and opinions to advance scientific and technical knowledge for offshore resources and environmental matters.
Since 1969, OTC’s flagship conference is held annually at NRG Park (formerly Reliant Park) in Houston. OTC has expanded technically and globally with OTC Brasil and OTC Asia.
OTC is supported by 15 industry organizations and societies, who work cooperatively to develop the technical program. OTC also has endorsing and supporting organizations.
PETRO PROILE: Why Energy Companies are Looking to Liquid Blending
Mark Workman, RMI Supply, gives an update from the supply chain logistical point of view as well as an update on his observations in the market.
Folding in the amount of uncertainty in industry, coming from leadership, the media and politicians regarding oil and gas, Workman dives deep into service and accountability. This organically created a conversation involving the realities of trust and integrity in the marketplace.
“You need to be able to call your customer within 30 seconds and finding that information out and telling the truth,” Workman said. “A lot of logistics is based on the idea of being truthful and then you know quick with your responses and literally that’s how i’ve ever established my business or grown this oil field side of the business since 2009.”
Op/Ed: We Don't Need No Stinkin' Net Zero Badges!
Some readers of my age will recall how the word 'liberal’ became toxic in the several decades ago and was replaced by a return to the word ‘progressive’ which had previously become toxic when progressives went far too far in pursuing eugenics and other evils.
So, the left absconded with the word ‘liberal’ that, theretofore, had meant policies in line with liberty. That was then largely ruined by the inane policies of Jimmy Carter and the gang he let into the White House (Bella Abzug, for example), so 'progressive’ got recycled, especially during the Obama Presidency.
Yes, language matters a lot in leftism, which always destroys whatever it infects. Therefore, new terms are constantly needed to assure naive new potential followers that this time is different; that the new version of leftism is the real deal and has none of the stains of the previous versions. Such was, of course, the case with ‘global warming’ which, when it didn't deliver enough panic, was slyly converted to ‘climate change’ so to encompass any extreme weather event imaginable.
SHARE YOUR SUSTAINABLE STORY: Scientists are Trying to Coax the Ocean to Absorb More CO2
Last May in Grundartangi, a small port in western Iceland, a barge piled high with wood chips began making regular trips to a patch of ocean 190 miles from the coast. By September, almost 20,000 tons — about 1,400 dump trucks’ worth — of “wood waste” had been pushed overboard. This was no attempt to clandestinely offload trash into the sea. Instead, it was one of the latest efforts in the race to rid the atmosphere of excess carbon dioxide.
Most people have heard of land-based carbon dioxide removal (CDR) schemes, most notably “direct air capture.” Iceland is a pioneer in this realm — the Climeworks Orca plant, located not far from the country’s capital, Reykjavik, is vacuuming 4,000 metric tons of CO2 from the atmosphere and injecting it deep into the earth each year. But that is far from the amount experts say is necessary. In its most recent assessment report, the Intergovernmental Panel on Climate Change (IPCC) noted that carbon dioxide removal “is required to achieve global and national targets” of limiting warming to between 1.5 and 2 degrees C to avoid “major, irreversible ecological and social impacts.”
TODAY IN ENERGY NEWS BRIEFS
Russia to Double Its Oil & Gas Revenue, Pocket $14 Billion in April
Russia’s oil and gas revenue could double this month pocketing a staggering $14 billion in April 2024 alone. The surge in profits comes despite the US pressing economic sanctions against Russia for invading its neighboring country Ukraine.
Feds look to uphold oil and gas leases in Carlsbad that lawsuit wants overturned
Federal land managers sought to uphold public land leases sold to oil and gas companies for drilling in the Carlsbad area amid a lawsuit filed by a local environmental group who wants the sale overturned.
The Bureau of Land Management sold several leases of public land around Carlsbad to oil and gas companies in 2021, providing the acreage for fossil fuel development within the booming Permian Basin.
Powering the Permian: Oil and gas companies look to attract job seekers at local job fair
Permian Hiring Events will be holding a multi-company hiring event at the MCM FunDome on Thursday.
Companies will be hiring employees that are looking to start a career in the oil and gas field. There will be opportunities for both entry level and experienced job seekers.
Trident Energy Enters Congo’s Oil and Gas Sector with Chevron and TotalEnergies Deals
U.K.-based oil and gas company Trident Energy has strengthened its presence in Africa through an agreement with Chevron to acquire its share in several fields offshore Congo, in addition to the earlier deal made with TotalEnergies.
Trident Energy agreed to acquire the entire issued share capital of Chevron Overseas (Congo) which holds a 31.5% non-operated working interest in the Moho-Bilondo, Nkossa, Nsoko II fields and a 15.75% operated interest in the Lianzi field.
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Today In Energy: Carbon Storage, STEM, OTC and the Future of Gas Station Retail