Published by Todd Bush on August 23, 2024
HOUSTON--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX), through its subsidiary Chevron Australia New Ventures Pty Ltd (Chevron), has been awarded a greenhouse gas (GHG) assessment permit offshore Western Australia. The permit award provides further opportunity for Chevron to deliver on its strategy of safely delivering lower carbon energy to a growing world.
>> In Other News: Copenhagen Infrastructure Partners and SSE Thermal commence operations of Energy-from-Waste project Slough Multifuel
“Chevron, along with our joint venture participants, have a unique set of assets, capabilities and customer relationships to support the further assessment, development and deployment of carbon capture and storage (CCS) in Australia”
The G-18-AP permit is offshore from Onslow, Western Australia, and covers an area of approximately 8,467 km² with water depths of 50-1100m. The permit area will be evaluated as part of a hub for storing third-party emissions, including those from Chevron’s operated LNG assets.
The permit involves a joint venture with Chevron as operator, and Woodside Energy Ltd. Chevron will hold a 70% participating interest in the permit, and Woodside will hold a 30% participating interest. Chevron has agreed to farm down five percent of its equity in the permit to GS Caltex (GSC) of Korea. GSC’s entry into the permit is conditional on regulatory approvals and other matters.
“Chevron, along with our joint venture participants, have a unique set of assets, capabilities and customer relationships to support the further assessment, development and deployment of carbon capture and storage (CCS) in Australia,” said Chris Powers, vice president of CCUS & Emerging for Chevron New Energies.
“Together with the Chevron-operated Gorgon CCS project, one of the world’s largest integrated facilities, coupled with our existing GHG assessment permits, this new award has potential to expand Chevron’s portfolio of CCS assets in Australia,” he said.
Mark Hatfield, managing director, Chevron Australia said: “These opportunities have the potential to help us lower the carbon intensity of our own operations as well as provide opportunities to help our customers reduce or offset emissions from their activities.”
This block award adds to Chevron’s non-operated interests in G-9-AP, G-10-AP, and G-11-AP as well as operating Gorgon CCS, which has now captured and stored 10 million tonnes of CO2-equivalent.
According to the International Energy Agency, reaching global net zero will be virtually impossible without CCUS.1
1 Energy Technology Perspectives 2020, Special Report on Carbon Capture Utilisation and Storage p13*“Reaching net zero will be virtually impossible without CCUS”*
Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable, and ever-cleaner energy is essential to enabling human progress. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals, and additives; and develops technologies that enhance our business and the industry. We aim to grow our oil and gas business, lower the carbon intensity of our operations and grow lower carbon businesses in renewable fuels, carbon capture and offsets, hydrogen, and other emerging technologies. More information about Chevron is available at www.chevron.com.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🧠 From Mars to AI: Fuel Cells Power $28B Boom 🏆 Svante Technologies Wins Global Award for Breakthrough Carbon Capture Innovation 🚧 California Resources Corporation Breaks Ground ...
Inside This Issue 💰 Where the $6.5 Trillion Goes: Carbon Tech Fights for Funding 🔋 Douglas PUD Commission Cuts Ribbon At Renewable Hydrogen Production Facility 🍁 Quinbrook Acquires First Canadian ...
Inside This Issue 🌎 Are U.S. Setbacks Fueling a Global Push for Decarbonization? 🛢️ “Grand Bargain” Would Result In More Oils ands Emissions, Not Less 🤝 MOU Signed With JGC Group 🧪 IonQ Quantum Co...
Sustainable Jet Fuel Developer Moves Priority From SD to ND Amid Summit Pipeline Delays
Gevo Inc. Plans Sustainable Aviation Fuel Shift From South Dakota To North Dakota Amid Summit Carbon Pipeline Delays Gevo Inc., a Colorado-based developer of sustainable aviation fuel (SAF), annou...
CapturePoint’s CENLA Hub Project Advances On Louisiana’s Short List For Carbon Storage Permitting
CapturePoint Solutions LLC’s CENLA Hub Project Advances On Louisiana Department of Conservation and Energy (C&E) Short List For Carbon Storage Permitting ALLEN, Texas, Oct. 15, 2025 (GLOBE NEW...
Pacific Harbor Line Expands Sustainability Efforts With Remora Partnership
Anacostia Rail Holdings (ARH) is pleased to announce that its Pacific Harbor Line (PHL) subsidiary has entered into a development agreement with Remora, a Michigan-based climate technology startup ...
CATACARB® Wins Carbon Remover Award At Carbon Capture Canada 2025
CATACARB is proud to announce it has been awarded the Carbon Remover Award at Carbon Capture Canada (Canada's National Carbon Capture and Storage Event) held in Edmonton. The Carbon Remover Award r...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.