A clearer picture: how maximizing well test data can streamline CCUS developments
Detailed appraisal well testing can provide significant benefits for the de-risking and development of carbon capture, utilization, and storage (CCUS) projects.
CO2
The value of well testing at carbon storage sites
Carbon capture, utilisation, and storage (CCUS) is recognised as one of the pivotal enabling processes in the global transition towards reducing greenhouse gas emissions and achieving 2050 net-zero targets.
Vietnam seals $15.5 billion deal with rich nations to exit coal
Vietnam has landed a $15.5 billion partnership with funders led by the European Union and the UK to help finance its transition away from coal.
Wind and power seek to clean up act on dangerous greenhouse gas SF6
Annual emissions of the super-destructive greenhouse gas sulphur hexafluoride (SF6) equate to the annual carbon dioxide CO2 emissions of a staggering 100million cars.
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.
Petronas teams up with Mitsui O.S.K. Lines for liquified CO2 shipping
Petronas and global shipping company Mitsui O.S.K. Lines (MOL) will jointly explore opportunities in liquefied carbon dioxide (CO2) transportation for the carbon capture, utilisation and storage (CCUS) value chain in Asia Pacific.
Acorn CCS and Peterhead Port strike agreement to decarbonise new Thames Estuary hydrogen plant
An agreement has been struck for the Acorn carbon capture and storage (CCS) project to decarbonise a new hydrogen plant in the Thames Estuary by shipping CO2 to Peterhead Port.
Santos and East Timor sign pact for potential $1.6bn CCS scheme at Bayu Undan
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.
Pertamina courts ExxonMobil at East Natuna for oil development
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.
Europe CO2 prices may rise more than 50% by 2030, EU draft shows
The price of polluting in the European Union may rise to as much as 85 euros a metric ton by the end of the decade as the bloc tightens its carbon market and forces a swifter shift to clean energy, according to a draft analysis by the EU’s executive arm.
Santos seeks investors for Dorado as $2bn oil project enters FEED
Australia’s Santos today announced that its large Dorado oil project offshore Western Australia has started the front-end engineering and design (FEED) phase. Santos is also seeking buyers for a share in the development, which has a “very low” carbon dioxide footprint and is expected to initially cost $2 billion.
CCS is crucial for BP and Repsol investments in Indonesia
Proposed new regulations signal that the Indonesian government appears to have recognised the importance of supporting carbon capture and storage (CCS) schemes. Such regulations will be crucial to encourage major companies, such as BP and Repsol, to invest in significant new upstream production in Indonesia.
DNO presses ahead with Kurdistan exploration
Norway’s DNO has tested and appraised its Baeshiqa-2 exploration well in Kurdistan and is moving to spud an exploration well on a separate prospect on the same licence.
The Net Zero Energy conundrum
Global energy demand has been rising inexorably for well over 30 years – from around 8 billion tonnes of oil equivalent in the early 1990s to nearly 14 billion tonnes of oil equivalent today. The rate of increase was 2-3% per annum until 2000 but accelerated to nearer 5% per annum since then as large populations in China and India got wealthier.
Global CO2 emissions rise to new record highs in 2018, study says
Global carbon dioxide emissions from fossil fuels and industry have risen by more than 2% in 2018 to reach new record highs, scientists have said.
Video: Statoil produces climate change ‘roadmap’
Statoil is aiming to reduce its annual CO2 emissions by 3million tonnes by 2030.
Scientists net funding for study into CO2 flow through North Sea geology
Scientists at a Scottish university have secured funding for a four-year project to study the ability of complex rock strata beneath the North Sea to trap carbon dioxide emissions securely.
Kuwait’s first CO2 plant opens
Kuwait’s first CO2 plant has officially launched.
Statoil close to achieving CO2 reduction aim on Norwegian Continental Shelf
Statoil said it is already close to achieving its aim of reducing CO2 emissions on the Norwegian Continental Shelf by up to 800,000 tonnes by 2020. The Norwegian operator said it has now decided to increase its target by 50% to 1.2million tonnes. Seven years ago the petroleum industry, led by Konkraft, agreed on a goal of improved energy efficiency of up to one million tonnes of CO2 between 2008 and 2020.