Reliance New Energy acquires assets of battery maker Lithium Werks
India’s Reliance New Energy will acquire all the assets of battery maker Lithium Werks for $61 million
Asia
Critics say Santos’ Barossa LNG should be halted until CCS scheme proven
The Institute for Energy Economics and Financial Analysis (IEEFA) believes the start of work on the Santos-led Barossa liquefied natural gas (LNG) development offshore northern Australia should be suspended as the associated carbon capture and storage (CCS) scheme, proposed by the operator, remains problematic and will not cut emissions. Otherwise the CCS project should be viewed as nothing more than ‘green washing’ and a diversion while construction continues, said IEEFA.
East Timor NGO hits out at Santos’ carbon storage plans for Barossa LNG
East Timor-based independent think-tank La'o Hamutuk has hit out at Santos’ plans to store carbon from its proposed Barossa liquefied natural gas (LNG) development at the Bayu Undan field in the Timor Sea by filing a submission to the Northern Territory (NT) Environmental Protection Authority (NTEPA).
Chevron’s giant Gorgon CCS facility operated at half-capacity in first full year
Chevron’s (NYSE:CVX) flagship carbon capture and storage (CCS) scheme, designed to catch emissions at the Gorgon liquefied natural gas (LNG) project offshore Australia, has operated at just over half its expected capacity in the previous financial year, according to the latest project update.
Inpex set to build giant carbon capture hub in Australia
Japan’s Inpex (TYO:1605) has confirmed it aims to lead an effort to build one of the world’s largest carbon capture and storage (CCS) facilities near Darwin, Australia, as it strives to hit its Net Zero 2050 pledge and decarbonise its business.
Chiyoda and Pertamina sign CCUS pact
Japanese engineering company Chiyoda and Indonesian national oil company Pertamina will jointly study the development and application of carbon capture, utilisation and storage (CCUS) technology after signing a memorandum of understanding (MoU).
Petronas teams up with Shell and JAPEX to pursue CCS in Malaysia
Petronas and Japan Petroleum Exploration (JAPEX) will collaborate on carbon capture and storage (CCS) opportunities in Malaysia as the nation aims to become a CCS hub for Southeast Asia. As part of a separate agreement, Petronas is also exploring and studying CCS solutions with Shell (LSE:RDSA).
Oil expertise meets CCS ambitions in Lapis Energy
Is there a space for carbon capture and storage (CCS) as a service? Recently formed Lapis Energy is betting there is, eyeing opportunities in the US, UK, Europe and South East Asia.
POSCO and Petronas team up for CCS in Malaysia
Malaysian state energy company Petronas and South Korea’s POSCO International will jointly explore opportunities in carbon capture and storage (CCS) technologies, as well as carbon dioxide (CO2) storage solutions in Malaysia. Significantly, Petronas wants to establish Malaysia as the leading hub for CCS in the Asia region.
Santos awards Baker Hughes CCS deal in Australia
US-based Baker Hughes (NASDAQ:BKR) will supply Santos’ (ASX:STO) Moomba carbon capture and storage (CCS) project in Australia with turbo machinery equipment.
Woodside targeting $5bn investment in new energy
Australian liquefied natural gas (LNG) developer Woodside (ASX:WPL) said today that it is targeting $5 billion worth of investment in new energy products and lower-carbon services by 2030.
Petronas advances giant Kasawari CCS project as FEED competition heats up
Petronas’ giant Kasawari carbon capture and storage (CCS) project, which the company describes as one of the largest in the world, is progressing towards a final investment approval in 2022 after the Malaysian energy company invited bids for front-end engineering and design (FEED) contracts.
Indonesia’s Medco Energi eyes CCS
Indonesian independent Medco Energi is carrying out a study to assess the potential of applying carbon capture, utilisation and storage (CCUS) technology at its operating assets.
BP cheers Indonesia first at Tangguh LNG
BP (LON: BP) today signed a memorandum of understanding (MoU) with upstream regulator SKK Migas for Indonesia’s first enhanced gas recovery (EGR) and carbon capture utilisation and storage (CCUS) development. The EGR and CCUS scheme will be implemented at BP’s Tangguh liquefied natural gas (LNG) project.
Is Santos and Eni’s CCS plan in the Timor Sea ‘carbon colonialism’?
Fast-moving plans for a Santos-led carbon capture and storage (CCS) project at the Bayu Undan field offshore East Timor, that would see the nation import Australia’s waste, have been described as “carbon colonialism” by independent thinktank La'o Hamutuk.
Petronas hooks up with Baker Hughes for energy transition tech
State-backed Malaysian energy company Petronas has signed a pact with Baker Hughes to collaborate on technological developments supporting the energy transition.
Petronas teams up with ExxonMobil, Technip Energies, for CCS
State-backed Malaysian energy company Petronas will jointly explore opportunities in carbon capture and storage (CCS) technologies with ExxonMobil (NYSE:XOM), to help decarbonise Malaysia’s upstream industry and provide storage solutions for Asia.
Questions swirl around Petronas’ Kasawari CCS
The Malaysian government and state-backed Petronas have made commitments to cut greenhouse gas emissions. However, these goals become particularly challenging when many undeveloped fields with high levels of carbon dioxide (CO2) and hydrogen sulfide need to be tapped to backfill Malaysia’s LNG export complex in the coming years.
ExxonMobil and Pertamina team up for CCS in Indonesia
ExxonMobil (NYSE:XOM) and Pertamina will together evaluate large-scale carbon capture and storage (CCS) opportunities in Indonesia.
CCS will not save Santos’ Barossa LNG project, says IEEFA
Despite a proposed carbon capture and storage (CCS) scheme, the Santos-led (ASX:STO) Barossa liquefied natural gas (LNG) project in Australia, will continue to release financially risky carbon dioxide emissions onsite, onshore and across the supply chain. This makes it one of the more expensive and dirtiest gas projects in the world, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA).
ExxonMobil eyes huge CCS potential in Southeast Asia
ExxonMobil (NYSE:XOM), which set up a low-carbon solutions division in February, is focusing on building a carbon capture and storage (CCS) business in Asia. Significantly, ExxonMobil believes there is over 300 billion tonnes of storage capacity in Southeast Asia alone, Tracy Lothian, vice president marketing, finance & commercial development, low carbon solutions, at the US giant, said today.
Repsol sets date for Indonesia CCS project
Repsol (BME:REP) said it will start up a key carbon capture and storage (CCS) project in Indonesia in 2027. Significantly, the CCS scheme tied to the onshore Sakakemang Block will be among the largest of its kind in the world and will be the first for both Repsol and Indonesia, claimed the Spanish company.
Carbon capture and the future of LNG in Asia
Carbon capture and storage (CCS) will play an important role in decarbonising liquefied natural gas (LNG), but the pace of progress remains too slow, writes Gavin Thompson, Asia Pacific vice chair, Wood Mackenzie.
CNOOC launches China’s first offshore carbon capture project
China's top offshore oil and gas producer, CNOOC, has launched the country's first offshore carbon capture and storage (CCS) project in South China Sea, which is expected to store more than 1.46 million tonnes of carbon dioxide, reported Reuters.
Indonesia approves BP’s CCS scheme for Tangguh LNG
BP and its Tangguh LNG partners today confirmed that Indonesian oil and gas regulator SKK Migas has approved the plan of development (POD) for a key carbon capture utilisation and storage (CCUS) project at the Tangguh LNG export complex. Significantly, BP claims this will make Tangguh "one of the lowest greenhouse gas (GHG) intensity liquefied natural gas (LNG) plants in the world."