Shell approves $2.5bn Crux gas project to backfill Prelude LNG off Australia
Shell (LON:SHEL) has taken a final investment decision (FID) to develop the Crux natural gas field offshore Western Australia.
Australia
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.
Labor victory in Australia will bring shift in climate policy
Australia’s new Labor government will accelerate efforts to tackle climate change, but climate policy will remain highly politicised, warns Verisk Maplecroft, a strategic risk intelligence company.
South Korea court rejects case against Barossa pipeline financing
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.
Australia aspires to be ‘renewable energy superpower’ after decisive climate change election
Australians voted in a new government that has vowed to end decades of inaction by one of the world’s highest per capita emitters. Now the fight is about just how quickly to make up for lost time.
Woodside wins backing to buy BHP oil, gas amid climate backlash
Woodside Petroleum almost certainly won investor approval to boost global oil and gas production by adding BHP Group assets while also facing a rebuke on its climate accounting.
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.
Zero emissions LNG is a ‘credible opportunity’ for Australia says Worley
A road map for the future of Australia’s world-leading liquefied natural gas (LNG) exports has shown how the sector can transition to zero emissions with environmental and business advantages.
‘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.
STATS Group eyes international growth after ‘excellent’ 2021
Pipeline specialist STATS Group plans to boost its international footprint following an “excellent” 2021.
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.
Giant CCS plan in East Timor could help secure finance for Sunrise LNG
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.
Bayu Undan decommissioning this year as Santos accelerates giant CCS plan offshore East Timor
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.
Woodside eyes carbon-to-products pilot project in Perth
Australian oil and gas company Woodside is planning to build a pilot carbon capture and utilisation plant in Western Australia. The Eastern Metropolitan Regional Council (EMRC) and Woodside are collaborating on a carbon-to-products pilot project that proposes to recycle greenhouse gases into useful products.
Santos CEO Gallagher’s pay package blasted by shareholders
The remuneration package for Kevin Gallagher, chief executive of Australian oil and gas company Santos (ASX:STO), has been criticised as too high with over 25% of shareholders voting against his pay packet.
Carnarvon cheers Pavo resource estimate near Dorado
Australia’s Carnarvon Energy (ASX:CVN) reported that the recent Pavo-1 exploration well drilled offshore Australia proved up a “substantial volume of light oil in excellent quality reservoirs” and “significantly increases Carnarvon’s oil resources for potential development through the Dorado facilities.”
Santos completes sale of Barossa stake to Japan’s JERA
Santos today announced completion of the sale of a 12.5% interest in the Barossa project off northern Australia to Japan’s JERA, the world’s largest buyer of liquefied natural gas (LNG), following the completion of all regulatory approvals.
Woodside eyes Browse and East Timor’s Sunrise gas as war in Europe tightens energy markets
Liquefied natural gas (LNG) developer Woodside (ASX:WPL) is considering new investment opportunities, including the Browse and Greater Sunrise fields, on expectations that new supply will be needed to alleviate global energy market tightness.
Iberdrola buys rights to 1GW wind project in Australia
The Australian subsidiary of Spanish utility Iberdrola has acquired the rights to an up to 1-GW onshore wind project in the Australian state of Queensland. This further expands its operations in the local market as part of a wider green energy expansion strategy.
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.
Australian government pledges up to $52m for BP’s hydrogen hub
The Australian government said yesterday that it will provide additional funding of up to A$70 million (US$52 million) for BP’s (LON:BP) proposed A$252.5 million green hydrogen hub at Kwinana in Western Australia.
Santos’ highly anticipated Apus-1 wildcat disappoints in Australia
Santos’ (ASX:STO) Apus-1 exploration well near the Dorado oilfield offshore Western Australia has failed to find commercial hydrocarbons, reported partner Carnarvon Energy (ASX:CVN).
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.