Why carbon capture is Big Oil’s solution for climate change
Sultan Ahmed Al Jaber is the President-Designate of the upcoming United Nations climate summit in Dubai, or COP28. He’s also head of the Abu Dhabi National Oil Company.
Asia
Indonesia stacks up low-carbon deals in visit to US
The president went on to invite Exxon to invest in renewable energy and infrastructure, including for the new planned capital, Nusantara.
ADNOC awards £14 billion of contracts for largest ever gas project
ADNOC has announced a final investment decision (FID) on the Hail and Ghasha development, its largest ever gas development.
CNOOC Ltd launches Brazil project, offshore CCS
“The successful commissioning of the Enping 15-1 oilfield CCS demonstration project will strongly support the company’s efforts in increasing reserves and production and pursuing green and low-carbon development,” said CEO Zhou Xinhuai.
Lloyd’s Register wins liquefied CO2 offloading study
Singapore’s Global Centre for Maritime Decarbonisation (GCMD) has picked Lloyd’s Register to carry out a concept study on offloading liquefied CO2. Arup will provide support.
CCUS learnings from CERAWeek
You only need to have read a little of the media coverage to realise there were some clear key themes to emerge from CERAWeek 2023.
Technology focus helps grow Petronas capex
Petronas will also be upgrading its rig capabilities as well as providing third party drilling services for other companies over the next three years, the firm said in its recent outlook.
Targeting widespread CCUS across Asia
Nearly every week we hear of an exciting development in carbon capture, utilisation and storage (CCUS).
Azuli signs up Korean interest with eye on US CCS options
“We’re not interested in a regulated asset model, not at a fixed 5% return,” he continued. Investors have to be able to cover failures through higher returns on their successes. “We’re looking at returns into the teens on returns.”
Indonesia’s giant Arun field eyed for regional open access CCS hub
Indonesia’s giant Arun field, which previously fed one of the world’s first LNG export plants, could be repurposed as potentially the first commercial carbon capture and storage (CCS) business in Asia offering open access storage of carbon dioxide (CO2).
ExxonMobil and Pertamina advance CCS project in Indonesia
ExxonMobil and Pertamina, the state-owned energy company for Indonesia, have signed a heads of agreement at the G20 Summit in Bali to further progress their previously announced regional carbon capture and storage (CCS) hub for domestic and international carbon dioxide (CO2).
Shell explores joint venture for open-source CCUS in China
Shell (LON:SHEL) has signed a memorandum of understanding (MoU) with Sinopec, Baowu and BASF to explore the feasibility of developing an open-source carbon capture, utilisation and storage (CCUS) project in the East China region.
Storegga joins forces with Petronas for CCS in Malaysia
Malaysian national oil company Petronas has signed a memorandum of understanding (MoU) with UK-based Storegga, a developer of carbon storage and clean fuels, to assess and determine the commercial, regulatory, and economic factors needed for the development of carbon capture and storage (CCS) hub and cluster projects in Malaysia.
Shell explores carbon transport and storage in Singapore and Brunei
Shell (LON:SHEL) said today that it is exploring the feasibility of carbon transport and storage options for Brunei and Singapore. Significantly, this could potentially form part of a carbon capture and storage (CCS) hub in Southeast Asia.
Woodside teams up with US carbon capture company LanzaTech
Woodside Energy and LanzaTech, a US-based carbon capture and transformation company, have announced a strategic collaboration after signing a deal.
Malaysia introduces tax incentives in boost for CCS
Malaysia’s 2023 budget announced on Friday introduces a raft of tax incentives for carbon capture and storage (CCS) as the country aims to become a regional hub for the nascent sector.
Inpex extends LNG supply talks for Masela in Indonesia, eyes hydrogen opportunities
Japan's Inpex and joint venture partner Shell have extended a memorandum of understanding (MOU) with Indonesian utility PLN concerning long-term liquefied natural gas (LNG) supply. They have also expanded the MOU to incorporate joint studies in hydrogen, as well as ammonia, and CCS in relation to the proposed Abadi LNG project at the Masela Block offshore Indonesia.
Petronas strengthens collaboration with Japan on carbon neutral targets
Malaysia’s Petronas has signed a memorandum of cooperation (MoC) with the Ministry of Economy, Trade and Industry of Japan (METI), as well as a memorandum of understanding (MoU) with Japan Bank for International Cooperation (JBIC), to collaboratively pursue mutual sustainability goals of achieving carbon neutrality by 2050.
Indonesia lagging Malaysia as CCS starts to grip Southeast Asia
Malaysia and Indonesia were the first countries in Southeast Asia to announce that carbon capture and storage (CCS) would play a role in decarbonising their industrial sectors. BP (LON:BP) in Indonesia, and Petronas in Malaysia, announced landmark projects in the oil and gas industry. However, while Indonesia has started having the right conversations around CCS, neighbouring Malaysia, and possibly even Thailand, appear to be making more progress within the region.
Air Liquide, Chevron, Keppel and Petrochina eye CCS in Singapore
Air Liquide, Chevron, Keppel Infrastructure, and PetroChina have announced they have signed a memorandum of understanding to form a consortium which will aim to evaluate and advance the development of large-scale carbon capture, utilisation, and sequestration (CCUS) solutions and integrated infrastructure in Singapore.
Mitsui and Shell to explore CCS in Asia Pacific
Mitsui and Shell (LON:SHEL) have signed a joint agreement to explore the technical and commercial feasibility of carbon capture and storage (CCS) in Asia Pacific, including Japan.
Inpex and TotalEnergies win acreage for key CCS hub offshore Australia
Japan’s Inpex (TYO:1605) and partner TotalEnergies (LON:TTE) have won a key greenhouse gas storage (GHG) permit offshore Australia that could help a plan to bury emissions from liquefied natural gas (LNG) export projects in northern Australia.
BP seeks FEED contractor for CCS project at Tangguh LNG
BP (LON:BP) has opened a pre-qualification tender for the provision of onshore front-end engineering and design (FEED) services for a carbon capture and storage (CCS) project at its Tangguh liquefied natural gas (LNG) complex in Indonesia.
CCS will be key as Asia faces steep rise in coal power
Ageing coal-fired power is increasingly replaced by renewable energy generation in the US and Europe. However, transitioning away from thermal coal will be complex and slow for Asian nations, particularly India and China, which make up 70% of global coal demand and face a steep rise in power demand.
Malaysia’s Petronas to explore CCS with six South Korean companies
Petronas today signed a memorandum of understanding (MoU) with six South Korean companies to undertake conceptual and feasibility studies towards establishing a full value chain related to carbon dioxide (CO2) capture, transport and storage.