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"Serious profit" could be in the offing for oil companies including Shell (NYSE:RDS.A) and BP as...

Sep. 16, 2010 12:53 PM ETShell plc (SHEL) StockBP, SHEL, USOBy: Jason Aycock, SA News Editor3 Comments
"Serious profit" could be in the offing for oil companies including Shell (NYSE:RDS.A) and BP as they pump carbon dioxide from power plants into oil fields for enhanced recovery, consulting firm Petrenel says. The practice extends the lifespan of fields while permanently burying the greenhouse gas, a method for cutting emissions.

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