The world’s leader in Carbon Capture shows why it’s a long shot
Nearly 200 countries are in the home stretch of tough negotiations at COP28 over what the world should do to combat climate change.
Australasia
Why carbon capture is Big Oil’s solution for climate change
Sultan Ahmed Al Jaber is the President-Designate of the upcoming United Nations climate summit in Dubai, or COP28. He’s also head of the Abu Dhabi National Oil Company.
Santos signs carbon study plans with Adnoc, Tokyo Gas
Adnoc and Santos signed a strategic collaboration agreement, raising the possibility of the two working together on a “joint global carbon management platform”. It would focus on the needs of customers in the Asia-Pacific.
Woodside launches CCS study with Japanese industry
Woodside Energy is to explore options for potential carbon capture and storage (CCS) routes with a trio of Japanese industrial giants.
Chevron expects even less CO2 injection at Gorgon than last year
Chevron expects to inject even less CO2 at its flagship Gorgon CCS plant this year than in 2022, amid issues with water management and seismicity.
Chevron’s carbon capture flagship is stuck at one-third capacity
Chevron’s flagship carbon capture and storage project in Australia faces years of work to hit full capacity, underscoring the challenge of a technology seen as necessary to help the world hit climate goals.
Carbon capture and e-fuels the talk of CERAWeek
The demonstration project will use DAC or CO2 captured from industrial emitters. Santos aims to use its existing infrastructure to “generate, liquefy and export” e-methane to Japan.
Azuli signs up Korean interest with eye on US CCS options
“We’re not interested in a regulated asset model, not at a fixed 5% return,” he continued. Investors have to be able to cover failures through higher returns on their successes. “We’re looking at returns into the teens on returns.”
Woodside teams up with US carbon capture company LanzaTech
Woodside Energy and LanzaTech, a US-based carbon capture and transformation company, have announced a strategic collaboration after signing a deal.
Chevron confirms Australia CCS acreage win
US giant Chevron (NYSE:CVX) has confirmed that it has been granted stakes in three permits to potentially access carbon storage offshore Australia.
Santos and Chevron win Australia CCS permits and commit $136m
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.
Australia officially awards offshore CCS acreage, more to come
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.
Inpex and TotalEnergies win acreage for key CCS hub offshore Australia
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.
Australia CCS set for boost as gas players, including BP, eye major investments
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.
Santos files environmental revision for Bayu Undan pipe as CCS decision looms
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 .
Worley wins FEED contract for Santos CCS project offshore East Timor
Australian-listed engineering company Worley (ASX:WOR) will provide front-end engineering and design (FEED) services for the Santos-led proposed giant carbon capture and storage (CCS) project offshore East Timor.
JERA, Tokyo Gas, Inpex to join Santos-led Bayu Undan CCS project
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.
Santos eyes cheaper carbon storage offshore East Timor at new $1.7bn APAC hub
Developing carbon capture and storage (CCS) projects in Southeast Asia is considerably cheaper than developing similar projects in more developed economies, such as Australia.
TechnipEnergies offshoot Genesis gets carbon gig in Australia
Genesis, a wholly owned TechnipEnergies company, have signed a Master Service Agreement (MSA) with PZE Limited (PZE) to provide decarbonisation and advisory services for various projects in Australia.
Australia grants $3.5m funding for APAC’s first floating CCS hub
The Australian government has granted A$5 million (US$3.5 million) of funding for deepC Store’s offshore floating carbon capture and storage (CCS) hub dubbed CStore1. The proposed project, expected to store carbon dioxide (CO2) from Japan would be Asia Pacific’s first floating multi-user CCS hub, said the Perth-based company.
Gas a ‘natural partner’ to renewables to cut emissions, says RISC
Gas coupled with renewable power is a natural partnership on the road to net zero and the pairing is already cutting emissions in many countries, according to global energy advisory company RISC.
‘Decarbonisation, not defossilisation,’ is key to energy transition and security, says Santos CEO
The momentum of the energy transition must be maintained without compromising energy security, and that includes affordability, as well as universal access to reliable energy. But “we can only do this through decarbonisation, not defossilisation,” said Santos chief executive Kevin Gallagher.
APPEA stresses importance of CCUS in Australia
Australia’s main oil and gas industry lobby group sees the carbon capture utilisation and storage (CCUS) business as a crucial opportunity for Australia, as well as the oil and gas sector.
Australia pledges $50m for two CCS hubs
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 eyes Australia carbon capture hub in Gippsland
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.