The development of the Santos-operated Barossa offshore gas development that will backfill the Darwin LNG export plant in Australia looks set to be further delayed after the offshore regulator suspended planned construction of an offshore pipeline due to indigenous heritage concerns.
Carbon capture and storage (CCS) will form a key plank in INPEX’s (TYO:1605) efforts to progressively decarbonise its Ichthys liquefied natural gas (LNG) operations in Australia’s Northern Territory. It will also help Japan’s biggest energy company establish the foundations for the next generation of clean fuels.
East Timor’s national oil company (NOC) TimorGAP has branded Woodside Energy (ASX:WDS) a “corporate bully” after the Australian LNG developer refused to agree to a production-sharing contract (PSC) that would commit gas from Greater Sunrise to be processed onshore East Timor.
Santos’ (ASX:STO) appeal to restart drilling at its Barossa gas development offshore Australia that is planned to backfill the Darwin LNG export terminal has been dismissed adding further uncertainty and delays for the project.
The chief executive of Australia’s Woodside Energy (ASX:WDS) appears to have made a blunder with her comments that the company is open to revisiting a greenfield LNG export development in East Timor. Significantly, the melodrama around the project will likely continue.
Woodside Energy (ASX:WDS) is reconsidering the potential development of Greater Sunrise via an onshore liquefied natural gas (LNG) export terminal in East Timor. This marks a significant about-turn for the Australian LNG developer.
The development of the Santos-led (ASX:STO) Barossa gas project offshore Australia that will backfill the Darwin liquefied natural gas (LNG) export plant could be delayed by up to two years after a Federal Court ordered the operator to stop drilling at the US$3.6 billion project on 21 September.
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.
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.
Development of the 5.1 trillion cubic feet Greater Sunrise gas and condensate field is back on the agenda for Woodside Energy (ASX:WDS), but the odds of progress look as difficult as ever, reported EnergyQuest. Significantly, all stakeholders in Sunrise should be talking about plate tectonics rather than economics, suggested the consultancy in its latest report.
Japan’s three energy companies – JERA, Tokyo Gas and Inpex – plan to join the proposed giant carbon capture and storage (CCS) project led by Santos (ASX:STO), at Bayu Undan offshore East Timor. The trio’s total investment could reach as much as 100 billion yen ($748 million) reported the Nikkei Asia.
Developing carbon capture and storage (CCS) projects in Southeast Asia is considerably cheaper than developing similar projects in more developed economies, such as Australia.
A South Korean court has rejected an application from a group of indigenous Australians to block South Korean export credit agencies from funding a deep-water pipeline for the Santos-led (ASX:STO) Barossa gas and liquefied natural gas (LNG) project off northern Australia.
Global integrated solutions specialist EnerMech has been awarded a five-year onshore and offshore inspection services, lifting equipment and crane maintenance contract by Japan’s Inpex at its Ichthys liquefied natural gas (LNG) export project in northern Australia.
Australia’s Santos has started front-end engineering and design (FEED) work for its proposed giant carbon capture and storage (CCS) project offshore East Timor at the Bayu Undan field. Significantly, Santos aims to take a final investment decision (FID) in 2023 on the CCS project, which it claims has the potential to be the largest in the world.
The proposed $10.75 billion 10GW Desert Bloom hydrogen scheme in Australia’s Northern Territory (NT), backed by an as yet unidentified Japanese gas buyer, looks set to proceed next year after being granted major project status by the local government.
Santos said today that it has signed a $300 million deal to sell a 12.5% interest in the Barossa project in Australia to Japan’s JERA.
The integration of solar energy into Australia’s liquified natural gas (LNG) industry could dramatically reduce Australia’s carbon footprint while also creating thousands of additional jobs, according to the latest research by government-funded NERA (National Energy Resources Australia) and Charles Darwin University (CDU).
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).
Indonesia has approved the subsea route for what could be the world’s first intercontinental power grid, connecting Australia to Singapore, with 24/7 renewable power. The official nod means Sun Cable’s ambitious project, that proposes the world’s largest solar farm, the world’s biggest battery, and the world's longest undersea cable, has moved a step closer to reality.
Multiple shale gas exploration wells are being drilled in the remote Beetaloo basin in Australia’s Northern Territory and recent results have raised expectations that the area could be on par with shale gas plays in North America. Significantly, investors could finally find out whether the shale play is commercial by the end of next year.
Australia’s Santos today announced that it has signed a memorandum of understanding (MoU) with East Timor’s regulator ANPM to progress a carbon capture and storage (CCS) project, estimated to cost $1.6 billion, at the ageing Bayu Undan field in the Timor Sea. But low returns and high complexity threaten the viability of the proposed scheme.
Santos has started its $235 million Phase 3C infill drilling campaign offshore East Timor in an effort to extend the life of the Bayu-Undan field. If successful, the Santos-led Darwin liquefied natural gas (LNG) export plant in Australia, which is fed by the ageing field, will not need to be shut down while new supplies of gas are developed.