Last updateThu, 13 Dec 2018 5pm


End-User News

Oil Companies Boost Well Production Using Carbon Dioxide

Some oil producers such as Occidental Petroleum Corp made it through a recent downturn “using a technique that has been heralded worldwide as a way to reduce carbon emissions and boost oil output,” Reuters reports.

“This way of drilling brings with it a sweetener for the oil industry to keep crude flowing: a tax credit that helps insulate these wells in a downturn, and could triple in size if Congress approves a new measure this summer.” 

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