The project is Thailand’s first CCS initiative and is designed to reach a capture and storage capacity of up to 1 million tonnes per year of carbon dioxide in a phased development process scheduled to start in 2028. PTTEP estimates the project will command investments of around USD 320 million over five years.
Cheniere is planning further brownfield expansions in phases at both terminals, potentially increasing capacity to approximately 75 million tpy by the early 2030s. The company is following a capital allocation programme that calls for USD 20 billion in capital deployments by 2026.
Shell Trinidad and Tobago Ltd. has reached a positive FID for the Aphrodite offshore gasfield project in Trinidad and Tobago, the company announced on Tuesday.
Valeura Energy has sanctioned a USD 120-million plan to redevelop the Wassana field offshore Thailand, the company said on Wednesday.
The project will target increased output and extended field life through a new central processing platform, replacing the ageing MOPU facility.
Harbour Energy and its partners have taken final investment decision on the Southern Energy FLNG export project offshore Argentina’s Río Negro province, the company said on Friday.
Spanish energy company Repsol has reached a FID on its Ecoplanta project to build a facility to convert non-recyclable municipal waste into sustainable methanol in Spain, the company announced on Wednesday.
Following the Final Investment Decision (FID) announcement in Feb, 2022, the Petroleum Authority of Uganda (PAU) has approved contracts worth US$7.16 billion in the ongoing oil and gas development projects.
The final investment decision (FID) on the planned $25 billion Nigeria-Morocco pipeline linking North and West Africa could be reached by December, a senior Nigerian oil official said.