Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • CCUS
  • Cap & Trade Markets
  • Voluntary Markets & Offsets
  • Corporate & Finance
  • Net Zero Strategies
  • Podcasts
Search
Related Articles
Australia’s carbon market paradox
Investor enthusiasm for the market is growing despite serious concerns over the integrity of credits
Australian CCS stagnates amid political hesitation
Government’s latest budget suggests it remains on the fence about the role of CCS in the energy transition
Australia’s CCS sector needs state backing to thrive
Developers look to government’s forthcoming budget to restore support as industry suffers loss of momentum
Japanese firms explore carbon exports to Australia
Mitsui OSK Lines and JX Nippon Oil eye shipments to South Australia as cross-border emissions trade routes in Asia-Pacific open up
BHP and HBIS to test CCUS at Hebei steel plants
Australian mining company and major Chinese steelmaker agree to develop projects to demonstrate several technologies
Australia debates use of offsets
Reform of scheme to cut industry emissions will see new rules on the use of both domestic and international offsets
Chevron backs Australia CCS research
Bulk of A$38mn commitment aimed at SLB-led project to identify CCS opportunities offshore Western Australia
Australia softens stance on international offsets
Government to consult on potential law change allowing big emitters to use offsets generated abroad to meet domestic limits
Gorgon injected a third of carbon dioxide last year
Chevron-operated project injected just 1.65mn t of the 5mn t it produced
Stronger price signal could boost Aussie CCS
Australia recently cut some funding for CCS, but reforms to the country’s Safeguard Mechanism may boost the industry
Chevron’s Australian unit is backing CCS research
Chevron Australia Western Australia
Stuart Penson
10 February 2023
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

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
China eyes global collaboration on CCUS
22 July 2025
Sinopec hosts launch of global sharing platform as Beijing looks to draw on international investors and expertise
Nigeria bids to unlock carbon market billions
22 July 2025
Africa’s most populous nation puts cap-and-trade and voluntary markets at the centre of its emerging strategy to achieve net zero by 2060
EU’s binding CCS targets: A burden or a blessing?
17 July 2025
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
Brazil eyes leadership role in global carbon market
9 July 2025
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30

Share PDF with colleagues

Rich Text Editor, message-text
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Rich Text Editor, txt-link-message
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search

  • CCUS
  • Cap & Trade Markets
  • Voluntary Markets & Offsets
  • Corporate & Finance
  • Net Zero Strategies
  • Podcasts
Search