Woodside, BP and an entity owned by Mitsubishi and Mitsui have formed a consortium to investigate developing a large-scale multi-user CCS hub offshore from Karratha.
After making adjustments to its trouble-plagued CO2 sequestration operation at the Gorgon LNG project, Chevron is now lifting injection rates to two-thirds of design levels.
Chevron will significantly increase its spending on carbon capture and nature-based credits, and will develop a new business as a CCS service provider.
With the help of top barrister Noel Hutley SC, an activist shareholder group has launched legal proceedings against Santos over claims in its annual report to have a credible pathway to net-zero.
The Western Australian government has given Chevron three weeks to reveal the extent of its failure to meet CO2 sequestration obligations, and has raised the prospect of a make-good plan that includes buying local carbon credits.
Energy research house Wood Mackenzie says today's decision by Santos to proceed with development of the high-CO2 Barossa offshore field means it will have to come up with a range of offsetting measures.