Chevron’s Australian unit is backing CCS research
Chevron backs Australia CCS research
Bulk of A$38mn commitment aimed at SLB-led project to identify CCS opportunities offshore Western Australia
The Australian arm of US energy company Chevron has earmarked A$38mn ($26.2mn) for CCS research projects in the states of Western Australia and Victoria. The investment will go towards meeting CCS spending commitments made by the company in relation to two deepwater oil exploration permits it was previously granted in the Great Australian Bight. Chevron has committed A$22mn ($15.2mn) to the Barrow Dampier CCS regional study, which is led by US oil services company SLB. The study is focused on identifying new CCS opportunities in the Carnarvon basin offshore Western Australia. The major has also committed A$16mn ($11mn) to support the development of new infrastructure at the Otway Internation
Also in this section
24 April 2025
Liverpool Bay project on track for 2028 startup as Italian energy company reaches financial close with government for CO₂ transport and storage network
21 April 2025
Agreement on a two-tier emissions trading scheme does not go far enough to meet IMO GHG reduction targets, say observers
11 April 2025
As the global economy grows, demand for materials is expected to increase. The way materials are made could incorporate new technologies in the future to ensure economic growth is more sustainable
9 April 2025
AI is powering the Middle East & North Africa’s digital transformation, but can the region meet soaring energy demand sustainably? Small modular reactors may hold the key
