BP deal boosts Santos’ CCS ambitions
Santos’ Moomba project will not suffer from the high abatement costs that are the largest obstacle to CCS adoption
Santos’ plans to develop one of the world’s largest and cheapest carbon capture and storage (CCS) sites were boosted on 4 March when BP provisionally agreed to invest in the Australian independent gas producer’s first venture into CCS. The agreement commits the UK major to investing A$20mn ($13mn) in Santos’ CCS project at its Moomba plant in northern South Australia, subject to a successful FID by the end of 2020. The project, which took Feed last year and targets 1.7mn t/yr of CO2 capture, is located within the Cooper basin, a 130,000km² Permian-Triassic sedimentary basin that Santos says will eventually have a reinjection capacity of 20mn t/yr for 50 years. Moomba would benefit from low a
Also in this section
28 November 2025
The launch of the bloc’s emissions trading system in 2005 was a pioneering step, but as the scheme hits 21 its impact as a driver of decarbonisation is still open to debate
18 November 2025
Vicki Hollub, president and CEO of Occidental, has been selected as the 2026 recipient of the Dewhurst Award, the highest honour bestowed by WPC Energy. The Dewhurst Award celebrates exceptional leadership, groundbreaking innovation and a lifetime of significant achievements in sup-port of the development and advancement of the energy industry.
11 November 2025
Transition policies must recognise that significant industrial demand for carbon will continue even as economies hit net zero
6 November 2025
After years of pursuing ideologically driven climate leadership, Western powers are now stepping back under mounting political pressure and rising populist opposition—prompting concern essential climate action could be sidelined
