Australia’s Woodside Energy has signed a joint research agreement with numerous Japanese partners to study the creation of a ammonia supply chain from Australia to Japan.
US giant Chevron (NYSE:CVX) has confirmed that it has been granted stakes in three permits to potentially access carbon storage offshore Australia.
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.
More than five years ago and always over coffee, (outgoing) CEO of the former Oil & Gas Authority (now North Sea Transition Authority), Andy Samuel and I enjoyed a number of informal exchanges about the future potential role of the UK Continental Shelf in the Great Energy Transition.
US giant ExxonMobil (NYSE:XOM) has met with Indonesia’s President Joko Widodo to talk about the importance of a lower carbon future and ways that Indonesia can continue to access reliable and cost effective sources of energy.
Australia’s Santos (ASX:STO) and US giant Chevron (NYSE:CVX) have committed to spending around A$200 million (US$136 million) to assess the geological potential for carbon capture and storage (CCS) projects offshore Australia after winning two greenhouse gas (GHG) acreage permits.
A Woodside-led (ASX:WDS) joint venture that includes BP (LON:BP), Shell (LON:SHEL), Chevron (NYSE:CVX), as well as Japan’s Mitsubishi and Mitsui, have been awarded greenhouse gas (GHG) permit G-10-AP in the northern Carnarvon basin offshore Western Australia, as they pursue a potential CCS project.
Equinor and Wintershall Dea have partnered up in the development of a Carbon Capture and Storage (CCS) value chain connecting continental European CO2 emitters to offshore storage sites on the Norwegian Continental Shelf.
Santos (ASX:STO) today announced investment approval for its US$622 million Darwin Pipeline Duplication Project, located offshore Australia’s Northern Territory, as part of its Barossa gas development that will backfill Darwin LNG.
ExxonMobil (NYSE:XOM) has denied rumours about the US major seeking to divest its Indonesia assets.
Minister for Resources and Northern Australia, Madeleine King, said greenhouse gas (GHG) storage permits have been awarded to two areas offshore the Northern Territory and Western Australia. Three more permits are expected to be awarded later this year.
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.
The cost to add carbon capture and storage (CCS) to the proposed Abadi liquefied natural gas (LNG) project in the Masela Block offshore Indonesia that is owned by Japan’s Inpex (TYO:1605) and Shell (LON:SHEL) is expected to cost over $1 billion.
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.
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.
Indonesian upstream regulator SKK Migas has confirmed that Repsol’s (BME:REP) Kali Berau Dalam (KBD) gas discovery, initially thought to be the country’s biggest find in 18 years, is significantly smaller than expected, putting the mega project in doubt.
Australia’s carbon capture, utilisation, and storage (CCUS) sector looks set for a boost as oil and gas companies, including BP (LON:BP), Santos (ASX:STO), and Woodside Energy (ASX:WDS), are investing heavily in large-scale projects.
India is planning to start a carbon trading market for major emitters in the energy, steel and cement industries, as part of its efforts to hasten the transition to cleaner fuels.
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.
PTT Exploration & Production (PTTEP) said it will spend $300 million to develop Thailand’s first carbon capture and storage (CCS) project at the Arthit offshore gas field as the state-backed upstream player eyes its net zero greenhouse gas (GHG) emissions target.
Oil and gas accounts for 25% of CO2 emissions from Norway. Quite simply, if the industry doesn’t step up then the country cannot meet its climate targets.
Santos (ASX:STO) has lodged revisions relating to the environmental plan for the export pipeline connecting the Bayu Undan gas field offshore East Timor to the Darwin LNG facility in northern Australia with the Australian regulator .
Japan’s Inpex has signed a statement of commitment to a net zero emissions future with the government of Australia’s Northern Territory, where the Ichthys liquefied natural gas (LNG) project’s onshore gas liquefaction plant is located.
Norway’s PGS will become a major shareholder in Perth-based deepC Store in exchange for PGS providing geological and geophysical advisory services. The pair said they have also agreed to explore broader collaboration opportunities in Asia Pacific for co-developing commercial scale carbon capture and storage (CCS) projects.
UK-listed Harbour Energy (LON:HBR) has announced initial success at its play-opening deepwater Timpan-1 exploration well offshore Indonesia in the North Sumatra basin. Significantly, the initial result bodes well for the frontier area and could open up more petroleum plays, which are thought to be gas prone.