Indonesia

The birthplace of Royal Dutch Shell, Indonesia and Malaysia, buck trends and grow their gas and oil industries, expecting a record number of final investment decisions in the next 4 years in gas, deep water, and carbon capture projects to support Southeast Asia’s booming economic growth.

The operator will move forward with its multibillion-dollar Northern Hub project while planning for additional exploration drilling in the region.

Ignis H2 Energy and Imeco Inter Sarana announced a strategic partnership to expedite geothermal development in Indonesia.

The project’s revised development plan now incorporates a carbon capture facility.

The agreement covers the upstream to downstream sectors, focusing on global business and development of human capital.

The companies have agreed to study the development of geothermal energy in Indonesia to further the country’s goal of adding 3.3 GW of geothermal capacity by 2030.

Several projects have been scrapped across the US as inflation causes project costs to soar, while projects in Costa Rica and Rotterdam move forward.

Sale includes stake in the Abadi gas project.

New terms would allow contractors more than 50% equity share in some new blocks.

Total structure discovered could hold as much as 5 Tcf of gas in place.