BP (LON: BP) today signed a memorandum of understanding (MoU) with upstream regulator SKK Migas for Indonesia’s first enhanced gas recovery (EGR) and carbon capture utilisation and storage (CCUS) development. The EGR and CCUS scheme will be implemented at BP’s Tangguh liquefied natural gas (LNG) project.
State-backed Malaysian energy company Petronas has signed a pact with Baker Hughes to collaborate on technological developments supporting the energy transition.
The UK Government has launched the next step in its bid to deliver carbon capture utilisation and storage (CCUS) at two industrial clusters by the mid-2020s.
Chancellor Rishi Sunak has come under fire for “failing to provide much needed clarity” on future carbon capture projects after a snub for the Acorn project last week.
Scotland’s First Minister has questioned the decision not to award government funding to the Acorn CCS project.
Indonesian upstream regulator SKK Migas expects operations at BP’s (LON:BP) Tangguh liquefied natural gas (LNG) Train 3 project, which is under construction, to start in Q2 2022.
More than half of businesses in hard-to-abate sectors plan to use carbon capture, utilisation and storage to tackle emissions, a new survey has found.
UK business secretary Kwasi Kwarteng has been grilled over the decision to reject the Scottish Cluster from the first round of a £1billion government carbon capture utilisation and storage (CCUS) competition.
The UK Government has announced its choice of the East Coast Cluster and HyNet North West to develop as the UK’s first Carbon Capture, Usage and Storage (CCUS) clusters by the mid-2020s. The Scottish Cluster has been named as a reserve project.
Amid disappointment for the Scottish cluster, two other projects have been successful in their bids to become the first two carbon capture utilisation and storage (CCUS) developments in the UK.
Allister’s back from Glasgow having been ejected from the Scottish Press Awards (what do you mean Jackie Bird hasn’t listened to the Energy Voice podcast?).
Scottish business leaders have joined forces with billionaire Sir Ian Wood to demand the North-east is made the centre of plans to decarbonise the UK energy system.
Prime Minister Boris Johnson has hinted that the Acorn carbon capture, utilisation and storage (CCUS) project in Aberdeenshire could be set to benefit from government investment.
State-backed Thai player PTT Exploration & Production’s (PTTEP’s) new chief executive, Montri Rawanchaikul, intends to strengthen the firm’s core upstream business in Southeast Asia, while preparing for new energy opportunities.
Petrochemical giant Ineos has said it is “reasonably confident” that the Acorn project in Aberdeenshire will be selected as part of the UK government’s first two CCUS clusters.
The role that carbon capture utilisation and storage (CCUS) will have to play in the future energy mix currently splits opinion.
BP and its Tangguh LNG partners today confirmed that Indonesian oil and gas regulator SKK Migas has approved the plan of development (POD) for a key carbon capture utilisation and storage (CCUS) project at the Tangguh LNG export complex. Significantly, BP claims this will make Tangguh "one of the lowest greenhouse gas (GHG) intensity liquefied natural gas (LNG) plants in the world."
Tengku Muhammad Taufik, chief executive of Malaysian national energy company Petronas, today told the Asia Future Energy conference, that the pathway to a sustainable energy system is not yet clear. Moreover, there will be many different paths to achieving a net-zero emissions energy system, he said.
Indonesian upstream regulator SKK Migas has approved BP’s $2.04 billion plan to develop new gas fields in West Papua that will supply its Tangguh liquefied natural gas (LNG) export project. However, the UK supermajor will likely need Indonesia to finalise regulations around carbon capture, utilisation and storage (CCUS) before any expansion can take place.
Indonesian national oil company (NOC) Pertamina is doggedly pursuing US major ExxonMobil to help it develop oil resources at the giant East Natuna field in the disputed waters of the South China Sea. Development of the field faces huge technical, economic and geopolitical challenges, but Pertamina believes a gradual phased development, starting with oil could offer a solution.
Inpex will delay a final investment decision (FID) for its proposed Abadi liquefied natural gas (LNG) development in the Masela Block offshore Indonesia as survey work has been disrupted by the Covid-19 pandemic and design adjustments may be needed due to climate change.
At bp, we are all guided by our ambition to become a net zero company by 2050 or sooner, and there is a real buzz around the role that our hydrogen and CCUS business - which I began leading last year - can play. Whilst relatively nascent in their development, both technologies offer real promise for delivering clean energy provision and decarbonising heavy industry and mobility, among other sectors.
As many as 10,000 new green industrial jobs could be created by the middle of the decade if carbon capture utilisation and storage is immediately scaled up.
A new group has been launched in order to unlock co-location opportunities for offshore wind and carbon capture utilisation and storage (CCUS).
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.