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Carbon Capture Storage NEWS

UK Budget proposes extensive expenditure on CCUS
March 13, 2020

UK Budget proposes extensive expenditure on CCUS

In a welcome move, the UK government has announced major funding for multiple carbon capture schemes in its Budget for 2020. Although UK chancellor Rishi Sunak refrained from mentioning any new measures for North Sea oil and gas extraction, his first budget laid emphasis on environment-friendly investment. The UK Committee on Climate Change has proposed the country’s first carbon capture, utilisation and storage (CCUS) facility and it should be operational by 2026.

Santos & BP ink agreement for investment in Moomba CCS project
March 5, 2020
Source: PV Magazine

Santos & BP ink agreement for investment in Moomba CCS project

Australian E&P major, Santos has inked a non-binding agreement with oil supermajor, BP which will pave the path for A$20 million investment in Australia's Moomba carbon capture and storage (CCS) project. The project aims at capturing 1.7 million tonnes of carbon dioxide currently separated from natural gas at the Moomba gas processing plant each year. This captured carbon will be then reinjected into the same geological formations.

TGS announces completion of carbon capture storage assessment study in Canada
March 3, 2020
Source: World Oil

TGS announces completion of carbon capture storage assessment study in Canada

TGS has completed its study of carbon capture storage in Canada for a major oil and gas company. This study helped TGS understand the latest geological carbon storage locations onshore and offshore. Its collaboration with Canadian Discovery Limited (CDL) provided with world-class basin evaluation expertise, subsurface data library, and geological knowledge. The activity was carried out throughout British Columbia and led to the creation of framework for carbon storage assessment.

Chevron evaluates the potential of CO2 technologies
Feb. 7, 2020
Source: World Oil

Chevron evaluates the potential of CO2 technologies

Chevron Technology Ventures (CTV) is performing a pre-FEED study for the trial of carbon-capture technology in its operations. Together with Svante Inc, the company will evaluate the feasibility and design of a 10,000 ton per year carbon capture unit at its facilities in California. “At Chevron, we believe our industry is well-positioned to help commercialize carbon capture, utilization and storage technologies that will be essential for the energy transition”, said CTV.

OGCI introduces large-scale CCUS initiatives
Sept. 24, 2019

OGCI introduces large-scale CCUS initiatives

Ahead of its annual stakeholder dialogue event, the Oil and Gas Climate Initiative (OGCI) has kickstarted a series of initiatives to facilitate carbon capture, use and storage (CCUS) and reduce emissions. The initiative is projected to unravel huge investments in CCUS and create the necessary conditions for a CCUS industry. The OGCI is looking to double the volume of CO2 currently stored worldwide before 2030.

Exxon and Mosaic enter into an agreement
Aug. 27, 2019
Source: World Oil

Exxon and Mosaic enter into an agreement

Energy major, ExxonMobil and Mosaic Materials have entered into an agreement to work on reducing carbon dioxide from emissions sources. Mosaic has made progress in its research on a process involving porous solids to separate carbon dioxide from air or flue gas. Exxon has said that this agreement will add to its carbon capture technology research portfolio.

Chevron kickstarts one of the largest carbon capture projects
Aug. 9, 2019
Source: Reuters

Chevron kickstarts one of the largest carbon capture projects

Chevron Corp yesterday informed about launching one of the world’s largest carbon capture and storage projects. The project involves infusing carbon dioxide into a deep reservoir under an island off Western Australia at Chevron’s Gorgon LNG project. Chevron said that approximately 3.4 to 4 million tonnes of CO2 will be buried every year after the facility reaches full capacity. Gases emitted from the Gorgon field contain at least 14% CO2.

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