Sea battles
We think of the sea as being a large empty space but the energy transition is changing the UK’s seascape radically.
CCS
Repsol finishes FEED for giant Indonesian gas discovery
Repsol has finished front-end engineering and design (FEED) work for its giant Kali Berau Dalam (KBD) gas discovery on the Sakakemang Block in Indonesia. The Spanish company and partner Petronas are now moving towards preparation for engineering, procurement, and construction (EPC) contractor selection, according to upstream regulator SKKMigas.
Chevron fails to hit targets with giant CCS scheme at Gorgon LNG
Chevron is receiving heavy flak and potential fines for failing to meet emissions reduction targets at its troubled carbon capture and storage (CCS) scheme that forms a crucial element of the Gorgon liquefied natural gas (LNG) export project in Australia. Its partners include Shell and ExxonMobil.
Sinopec builds China’s first large CCS project
China’s Sinopec has started building the country’s first large-scale carbon capture utilisation and storage (CCUS) project as part of its target to be carbon-neutral by 2050.
Industry collaboration on carbon capture is key to unlock net-zero economy
Carbon capture and storage (CCS) is seen as an essential requirement by the oil and gas industry for it to meet the targets of the Paris Agreement, however the only way it will become commercially viable is if companies collaborate to create shared-CCS hubs, according to Wood Mackenzie.
Repsol plans FID for Sakakemang in Indonesia in 2022
Repsol and partner Petronas plan to take a final investment decision (FID) on the giant Kali Berau Dalam (KBD) gas discovery on the Sakakemang Block in Indonesia next year with full production targeted by 2027.
Baker Hughes’ new North Sea OFS boss sets out decarbonisation objectives
Baker Hughes’ new North Sea vice president for oilfield services (OFS) has made decarbonising operations one of her key priorities.
Carbon-neutral LNG will be key for Australia to remain competitive
Australian producers need to be at the forefront of carbon-neutral liquefied natural gas (LNG) or “green LNG” to remain competitive, energy research company Wood Mackenzie told delegates at the Australian Petroleum Production & Exploration Association (APPEA) conference today. But progress is not fast enough.
Santos urges Australia to develop into ‘carbon storage superpower’
Santos chief executive Kevin Gallagher warned oil and gas industry leaders that achieving net zero emissions will be crucial for the natural gas industry to avoid coal’s fate of being shunned by equity investors and lenders.
Indonesia mulls carbon tax to help finance clean energy
The Indonesian Ministry of Finance has announced plans to introduce carbon pricing in an effort to help finance clean energy projects and boost tax revenues, as well as cut emissions, in Southeast Asia’s largest economy.
CCS is crucial for BP and Repsol investments in Indonesia
Proposed new regulations signal that the Indonesian government appears to have recognised the importance of supporting carbon capture and storage (CCS) schemes. Such regulations will be crucial to encourage major companies, such as BP and Repsol, to invest in significant new upstream production in Indonesia.
Venture Global ties CCS plan to LNG exports
Venture Global has set out plans to capture 500,000 tonnes per year of carbon at its Calcasieu Pass and Plaquemines LNG projects.
‘Time for talk is over’: St Fergus operator px Group launches dedicated energy transition team
Critical infrastructure owner-operator px Group has set up a dedicated energy transition team focused on cutting clients’ emissions.
Rosy signs for Acorn as business secretary dubs north-east CCS project ‘very attractive’
A north-east carbon capture and storage (CCS) project’s hopes of receiving government backing have been given a boost after a senior politician sang its praises.
Energy Transition: Setting targets is the easy bit – meeting them is the challenge
The phrase “Energy Transition” is now a central theme in climate change terminology, but transition to what energy sources and over what time period?
Orders and backlog up by about a fifth at Aker Solutions in first quarter
Aker Solutions’ order intake and backlog both grew by about a fifth during the first quarter of 2021.
Santos eyes Darwin LNG expansion
Santos is exploring potential liquefied natural gas (LNG) expansion developments for its Darwin export plant in northern Australia after signing a memorandum of understanding with Italy’s Eni.
Eni and Santos eye carbon capture opportunities at East Timor’s Bayu Undan
Australia’s Santos and Italy’s Eni are investigating options to re-purpose the Bayu Undan facilities to extend the life of the project, including a carbon capture and storage (CCS) scheme.
Petrofac boss says confidence in North Sea market based on real activity, not hope
A boss at Petrofac said yesterday his confidence that the North Sea market is picking up in 2021 is based on real activity, rather than mere hope.
Santos eyes final approval for giant CCS project
Australia’s Santos plans to take a final investment decision (FID) on its proposed Moomba carbon capture and storage (CCS) project that it said would be among the largest in the world.
Energean targets two years to transformation
Energean is on a path to transformation, with capital expenditure peaking in early 2022 and delivering – hopefully – 200,000 barrels of oil equivalent per day in 2023.
Energy Institute appoints BP veteran as new CEO
The Energy Institute has announced that a renewable energy boss at BP will become its new CEO.
Eni and Strathclyde Uni team up to help Scots oil workers move into renewables
Eni and the University of Strathclyde are joining forces to help Scottish oil workers transition into renewables.
‘It feels like virtue signalling’: Industry reacts to North Sea exploration ban report
UK jobs and companies would “pay the price” if ministers agreed a ban on new North Sea exploration, according to a senior industry source.
OGUK: North Sea exploration ban would ‘risk’ net-zero future
The UK’s leading oil and gas industry trade body has said any potential ban on new exploration in the North Sea would put the country’s net zero future at risk.