As the world seeks to decarbonise, East Timor hopes that a plan for a giant carbon capture and storage (CCS) hub will help it find financial backing for a proposed liquefied natural gas (LNG) facility that would process gas from the Greater Sunrise fields.
ExxonMobil (NYSE:XOM) and Pertamina, the state-owned energy company of Indonesia, have signed a joint study agreement to assess the potential for large-scale implementation of lower-emissions technologies, including carbon capture and storage (CCS), as well as hydrogen production.
Chevron (NYSE:CVX) and Pertamina will together explore potential business opportunities in geothermal, carbon capture utilisation and storage (CCUS), as well as hydrogen, in Indonesia, after signing an agreement in Washington.
Inpex’s (TYO:1605) proposed Abadi liquefied natural gas (LNG) plant in the Masela Block offshore Indonesia, which has long struggled to gain traction, has been delayed even further with a final investment not targeted until the latter half of this decade. Significantly, the project looks increasingly unlikely to be developed.
Japanese oil refiner Eneos Holdings and utility J-Power have teamed up to launch the country's first permanent carbon capture and storage (CCS) project by the end of this decade. Significantly, if CCS is successful in Japan, it would bode well for global liquefied natural gas (LNG) demand, as the world’s second biggest importer could better balance its net zero ambitions.
Australian operator Santos (ASX:STO) is preparing to decommission the floating storage and offloading (FSO) facility, as well as platforms, at Bayu Undan offshore East Timor, as soon as possible, as it accelerates plans for a giant carbon capture and storage (CCS) hub at the mature field.
Widespread adoption of carbon capture, utilisation and storage (CCUS) technologies in Southeast Asia remains highly unlikely, according to the latest findings from the Institute for Energy Economics and Financial Analysis (IEEFA).
Only five blocks out of 18 blocks offered in East Timor’s second licensing round have been awarded. East Timor’s National Petroleum and Minerals Authority (ANPM) said that it has awarded three onshore blocks and two offshore blocks.
Japanese companies Inpex and JGC are teaming up with Thai upstream player PTT Exploration & Production (PTTEP) to explore potential carbon capture and storage (CCS) developments in Thailand. The move follows PTTEP’s recent announcement that it has set a 2050 carbon neutral target.
Japanese engineering company JGC and Indonesia’s national energy company Pertamina said they will study prospective joint projects in the decarbonisation business field after signing a memorandum of understanding (MoU).
Petronas has awarded Block SK427 off the coast of Sarawak to SK earthon, a subsidiary of South Korea’s SK Innovation, and Petroleum Sarawak Exploration & Production (PSEP) in an area where several discoveries were made last year. Petronas and SK will also collaborate on carbon capture and storage (CCS) opportunities.
The Australian government has pledged A$67 million (US$49.7 million) of funding to help development of two carbon capture and storage (CCS) hubs – one led by Woodside and the other by Mitsui E&P. The funding will also be used to support the appraisal of a third potential storage site in Western Australia.
ExxonMobil said Thursday that it is carrying out early front-end engineering design studies (pre-FEED) to determine the potential for carbon capture and storage (CCS) that would cut greenhouse gas emissions from multiple industries in Australia’s Gippsland basin. However, collaboration with other industries and supportive government policies will be key to the project’s success.
Japan’s Mitsui and Indonesian state-backed energy company Pertamina will jointly study carbon capture, utilisation and storage (CCUS) commercialisation options in Indonesia.
Pipeline technology specialist, STATS Group, is in a strong position to capitalise on new opportunities arising in the transition to more sustainable energy supplies and a carbon net zero future.
Plans for new north-east low-carbon power station - that could create and support scores of green jobs - have taken a “major step” forwards.
A senior figure at energy services giant Petrofac (LON: PFC) has challenged the energy supply chain to earn its right to secure work on low carbon schemes.
Santos (ASX:STO) today released its 2022 Climate Change Report which sets out the Australian company’s latest climate transition strategy and action plan to become a net-zero emissions energy and fuels business by 2040.
Shell has announced it will invest up to £25 billion in the UK energy system in the coming years.
Petronas has signed a memorandum of understanding with Schlumberger to jointly explore opportunities in the areas of sustainability, digital and Internet of Things (IoT) technologies, as well as research and development projects.
Shell has unveiled new plans in a bid to get its rejected Jackdaw gas field in the North Sea back on track.
Australia’s Woodside (ASX:WPL) and US-based technology developers ReCarbon and LanzaTech have launched a collaborative studies campaign aimed at converting carbon emissions into useful products.
Australia’s main oil and gas industry lobby group claims there has been strong interest in acreage releases for new carbon capture and storage (CCS) opportunities off Western Australia and the Northern Territory. Significantly, Australian producers need to be at the forefront of carbon-neutral liquefied natural gas (LNG) or “green LNG” to remain competitive and CCS is considered one potential route to help achieve this.
South Korea’s SK Group will invest $100 million in a joint venture with 8 Rivers Capital that will focus on the decarbonisation of Korean and key Asian markets. Significantly, this marks one of the largest single private investments in a carbon capture solutions provider to date, said 8 Rivers Capital.
Danish green energy giant Orsted can lay good claim to being the don of the UK’s offshore wind sector.