Carbon capture and storage
The two companies said they will evaluate the possibility of a joint venture to develop a direct air capture hub in South Texas, with XRG considering investing up to $500 million.
The plant at Heidelberg Materials’ cement facility in Brevik, Norway, has captured its first 1,000 metric tons of carbon dioxide.
The vessel is expected to be delivered by the end of the year, while the project's new port in Esjberg is on target for completion this autumn.
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The floating production, storage, and offloading vessel is the first in the world with a postcombustion carbon capture pilot system. -
The plant is designed to capture up to 100,000 tonnes of carbon dioxide annually for the Netherlands-based sustainable energy supplier Twence.
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Aramco expects to complete Phase 1 construction of the 9-mtpa facility in 2027.
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As Southeast Asia’s third-largest gas producer, PTTEP is investing in its energy security by prioritizing gas production and building up a global LNG supply chain.
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Ineos, the day-to-day operator of Greensand Future, with its partners Harbour Energy and Nordsøfonden, has made a final investment decision into the first commercial phase, with storage operations set to begin by early 2026.
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Chevron and ExxonMobil are working on deals to use natural gas and carbon capture to power the technology industry's AI data centers, executives with the companies said.
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Permits for the East Side Cluster carbon storage project have been awarded, and participants have begun announcing final investment decisions.
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DNV has certified the feasibility of ADNOC’s West Aquifer carbon dioxide storage site in the UAE, marking a significant milestone in the Middle East’s carbon capture and storage efforts.
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The plan calls for developing a gas field, CCUS, and onshore compression, with first production expected in 2028.
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Wood Mackenzie analysis projects a full repeal of the Inflation Reduction Act is unlikely, while industry proponents urge permitting overhaul and loosening of burdensome regulations.
