GHG acreage release

Aus Gov releases offshore GHG acreage

The Australian Government has opened the public consultation on five potential areas for the 2021 offshore greenhouse gas (GHG) storage acreage release. Minister for Resources and Water Keith Pitt said the acreage release provides opportunities for companies to explore for sites which have the potential for permanent geological storage of CO2 in offshore Australia.   …
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ARENA

ARENA invests in Australia’s net zero future

The Australian Renewable Energy Agency (ARENA) has launched its new investment plan that sets out how it will support technological innovation that will underpin Australia’s shift to net zero emissions. In line with the Australian Government’s Low Emission Technology Roadmap, under the new investment strategy, ARENA funding will be directed towards projects that commercialise clean …
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Bayu-Undan Field

Santos, Timor-Leste enter Bayu-Undan CCS agreement

Santos, as operator of the Bayu-Undan joint venture, has signed an agreement with the Timor-Leste regulator Autoridade Nacional do Petróleo e Minerais (ANPM) to progress carbon capture and storage (CCS) at Bayu-Undan in the Timor Sea. The memorandum of understanding (MoU) details the areas the Bayu-Undan JV and the ANPM, with the support of the …
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McConville voices concerns about not expanding ARENA regulations

APPEA chief executive Andrew McConville has expressed his frustration about the decision to vote down regulations for the Australian Renewable Energy Agency (ARENA) to include a broader range of emissions reduction technologies. On Tuesday night, Labor, the Greens and crossbench senators combined to disallow an instrument written by the Energy Minister Angus Taylor to allow …
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Merge

Advent plots path towards net zero target

Advent Energy chairman David Breeze has affirmed the company’s plans for zero emissions by 2050, saying it will play a direct role in achieving the target, especially in New South Wales. The company outlined that it plans to achieve net zero in two ways. The first is by finding gas closest to Australia’s biggest domestic …
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Santos backs initiative to pave way for carbon capture and storage

The Australian Government has announced long-term funding and an expanded focus that will invest in new emerging technologies to lower emissions from industries such as oil and gas. Prime Minister Scott Morrison has revealed a $1.9 billion investment package in future technologies to lower emissions, back jobs into the future, cut costs for households and …
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Sydney Basin JV explores carbon capture and storage potential

Advent Energy, with joint venture partner Bounty Oil and Gas, has proposed to use a gas exploration drilling program at Baleen offshore the Sydney Basin to investigate the potential for carbon capture and storage (CCS). The BPH Energy investment company believes the Baleen well program in PEP 11 offers potential environmental benefits in CCS for …
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Santos increases focus on Moomba CCS project

Santos has reinforced its commitment to investing in carbon capture and storage (CCS) as a key priority in the company’s future. Speaking at the company’s annual general meeting, Santos managing director and chief executive officer Kevin Gallagher said that today’s CCS projects stored around 40 million tonnes per year of carbon dioxide. “It is far …
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BP, Santos strike carbon agreement for Moomba

BP and Santos have entered into an agreement that could lead to a $20 million investment from the British major in support of the Australian company’s Moomba carbon capture and storage (CSS) project in South Australia. However, the non-binding agreement is subject to finalisation of terms and a final investment decision targeted for the end …
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