ENERGY TRANSITION

Occidental signs first "net zero oil" deal with SK Trading

OCCIDENTAL has signed an agreement with South Korea Trading International for the delivery of "net-zero oil" by having the crude's associated emissions sequestered using the 1PointFive's planned direct air capture project and Oxy's enhanced oil recovery reservoirs in the Permian Basin.

 Uses ground breaking DAC tech

Uses ground breaking DAC tech

Under the agreement, announced earlier this week, Oxy's marketing arm will provide SK Trading, an arm of SK Energy, with up to 200,000 barrels of crude oil for five years.  The company said in order...

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