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Gippsland

Energy Transition

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.

Oil & Gas

ExxonMobil to boost Australian gas with $295m investment and more to come

ExxonMobil (NYSE:XOM) has taken a final investment decision (FID) to spend A$400 million ($295 million) on developing additional gas from the Gippsland basin Kipper field offshore Australia. Significantly, the country’s main industry lobby group said there is a massive opportunity for Australia to have more big investment decisions like this – but crucially the policy settings have got to be right.