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
-
This Ship Can Sail With Zero Emissions. It Just Left the Dock.
Inside This Issue 🚢 Viking Announces Float Out of the World's First Hydrogen-Powered Cruise Ship 🏗️ Aker Solutions Wins FEED Contract for CO₂ Terminal in Lithuania 🧪 Woodside Delays Blue Ammonia P...
-
The Fertilizer Fix Quietly Rewiring America's Ethanol Chain
Inside This Issue 🌽 The Fertilizer Fix Quietly Rewiring America's Ethanol Chain 🛢️ Texas Has Taken Over Issuing Permits To Store Carbon Underground. Here’s What To Know 🚛 Charbone Confirms A New D...
-
Texas Just Killed The 24-Month CCS Wait
Inside This Issue 🏗️ Texas Primacy Puts Gulf Coast CCS Projects In Fast Lane 🌬️ Sustaera Targets Cheaper Direct Air Capture With New Design 🔋 Hydrexia Wins Hydrogen Contract In The U.S. Market ✈️ ...
Company Announcements
-
Acelen Renewables And Finboot Sign Partnership To Expand Biofuel Traceability
Acelen Agripark serves as the primary R&D engine for Acelen's broader goal of producing 1 billion liters of sustainable fuels annually in Bahia, Brazil. Agreement aims to establish a digital s...
-
Sumitomo And Cemvita Partner To Integrate Biomethane And Bio-Oil Production In Brazil
Sumitomo Corporation do Brasil and Cemvita Inc. have signed a memorandum of understanding to develop integrated biomethane and renewable bio-oil projects in Brazil, with the bio-oil intended as a p...
-
FEnEx CRC And Pacific Energy Advance Hydrogen Production At Kwinana Energy Transformation Hub FEnEx CRC and Pacific Energy advance the Kwinana Energy Transformation Hub toward hydrogen production...
-
Eco Innovation Group, Inc. (OTC PINK:ECOX) ("ECOX" or the "Company"), a company focused on building a publicly traded platform for next-generation sustainable fuel technologies, has appointed Bob E...