Barrell Energy Inc. Announces the Development of the Gulf Coast Storage Network
Published by Todd Bush on September 4, 2023
NEW ORLEANS--(BUSINESS WIRE)-- Barrell Energy, Inc. announces the development of the Gulf Coast Storage Network. Barrell Energy announced today that it is developing the Gulf Coast Storage Network (GCSN), which currently consists of four carbon sequestration sites along the Gulf Coast in Louisiana and Texas.
Barrell Energy President Kirk Barrell said, "Carbon sequestration is rapidly emerging as a current technological solution for the permanent storage of CO2. We believe it is a key pillar in this new era of 'Energy Expansion and Diversification.'"
With 37 years of geological experience across the Gulf Coast, Barrell Energy has performed extensive evaluation of multiple sequestration sites targeting Miocene, Frio, Wilcox, and Cretaceous reservoirs in Louisiana and Texas.
Barrell stated, "While the Gulf Coast contains a large volume of carbon dioxide emissions, it also contains world-class reservoirs for the permanent storage of CO2. We look forward to obtaining partners for our expanding network of geologically-superior and geographically-focused sites across the region."
>> In Other News: Carbon Centric and Fidelis New Energy Enter Into Letter of Intent for Onshore CO2 Storage
About Barrell Energy, Inc.
Barrell Energy, Inc. is a privately held energy company actively engaged in projects spanning oil, natural gas, solar, carbon dioxide, and brine minerals. The company has closed $432 million of transactions over the past eleven years. Barrell Energy was founded in 1997 by Kirk Barrell. The company leverages its 37 years of geological and geophysical experience to obtain strategic positions in energy projects.
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Latest issues
-
An Open Letter to Congress: The Economic and Environmental Case for 45Q
Inside This Issue ๐ The Economic and Environmental Case for 45Q: An Open Letter to Congress ๐ค Syensqo and Ardent Announce Strategic Partnership to Accelerate Point Source Carbon Capture Innovation...
-
Canada Moves Forward with Direct Air Capture Offset Credits
Inside This Issue ๐ Canada Moves Forward with Direct Air Capture Offset Credits ๐ Unpacking New Developments In The Carbon Markets ๐ค E2SOL and HOGREEN AIR MOU Signing at CES25 ๐ฟ EFT Signs Master L...
-
Oklahoma's Oil Fields Could Be Key to Remedy Carbon Emissions
Inside This Issue ๐พ Oklahoma's Oil Fields Could Be Key to Remedy Carbon Emissions โ๏ธ Lydian Announces Successful Demonstration of Novel Sustainable Aviation Fuel Technology ๐ ๏ธ Nuada and MLC Collab...
Company Announcements
-
Trophic Rewilding: Why Herd Animals Are a Carbon Capture Technology
Itโs creating carbon-balance chaos for Earthโs atmosphere. By harnessing the millenia-old symbiosis of herd animals and grassland, a far more robust, inexpensive and beautiful form of massive carb...
-
Pratt & Whitney Unveils Details Of Hydrogen-Steam Hybrid Engine Cycle
Air enters a small reverse-flow core at the rear of the engine, powering the fan and then exiting via an evaporator, condenser and water separator. Hydrogen fuel may offer attractive pathways to...
-
Carbon-Neutral Calcium Carbonate Process Uses Emissions From Steel-Making Plant
Construction is imminent for a carbon-capture project aimed at reducing CO2 emissions from steel production while producing carbon-neutral calcium carbonate. At the U.S. Steel (Pittsburgh, Pa.; www...
-
Hanwha and Baker Hughes Enter into Joint Development Agreement for Ammonia Gas Turbines
Leading the Decarbonization of the Marine Transportation Sector Through Fuel-Flexible Combustion Technology SEOUL, South Korea, Feb. 3, 2025 /PRNewswire/ -- With the goal of completely carbon-free...