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CCS

Oil & Gas

Repsol awaits Indonesia regulation to carry out CCS project

Spanish oil and gas company Repsol (BME:REP) is waiting for the issuance of an Indonesian presidential regulation and the derivative regulations to progress its proposed carbon capture and storage (CCS) project in Sakakemang block, onshore South Sumatra, in Indonesia.

Asia

More CCS for Malaysia as Petronas and JX Nippon team up

Petronas Carigali has entered into a heads of agreement with JX Nippon Oil & Gas Exploration Corporation (JX Nippon) to collaborate in developing a joint proposal to monetise the gas potential within the Bujang, Inas, Guling, Sepat and Tujoh (BIGST) fields, located offshore Kerteh, Terengganu, Malaysia.

Asia

TotalEnergies to add CCS to Papua LNG project

TotalEnergies (LON:TTE) plans to add a carbon capture and storage (CCS) dimension to its proposed 5.4 million tonnes per year (t/y) Papua LNG project in the Pacific Island nation of Papua New Guinea (PNG).

Asia

Thai upstream player PTTEP to spend $29bn over five years

Thailand’s state-backed upstream company PTT Exploration Production (PTTEP) announced it will spend $29 billion between 2023 and 2027 as it aims to boost oil and gas production, as well as diversify into new businesses to cut emissions.

Asia

Indonesia to auction giant East Natuna Block again

The government of Indonesia is reviewing plans to again auction the giant East Natuna Block offshore Indonesia as carbon capture and storage (CCS) technology opens up the development potential of the carbon dioxide (CO2) intense field, according to Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif.

Oil & Gas

Australia offshore CCS project advances

Pilot Energy and partner Triangle Energy are among the first in Australia to lodge a submission to seek regulatory approvals for an offshore carbon capture and storage (CCS) project.

Asia

Petronas gives investment approval for giant CCS project in Malaysia

Petronas has taken a final investment decision (FID) for the development of its giant Kasawari carbon capture and storage (CCS) project offshore Sarawak in Malaysia. Significantly, it will be one of the first large scale CCS schemes in Southeast Asia and takes Malaysia closer to its goal of becoming a regional hub for carbon storage solutions.