Xodus Nets Petronas CCS Deal
Xodus has revealed that it has been awarded the conceptual engineering design contract for Petronas’ Carbon Capture and Storage (CCS) project offshore Malaysia.
Kasawari CCS, off the coast of Sarawak, will comprise the capture and processing of carbon dioxide (CO2) from the sour gas field development, which will then be injected in a depleted gas field, Xodus outlined. The project is described as a key element of Petronas’ aspiration of achieving net zero carbon emissions by 2050. Petronas announced this aspiration back in November 2020, as part of its “holistic approach to sustainability that balances Environment, Social and Governance (ESG) considerations”.
Xodus said its work with Petronas was secured as part of Xodus’ contract to provide engineering services for the operator’s Malaysian and international developments. Under the deal, Xodus is delivering feasibility studies and conceptual design.
“This is a significant step for Petronas and Malaysia and aligns with our own ethos of delivering a responsible energy future,” Simon Allison, Xodus’ regional director for Asia Pacific, said in a company statement. “The award of this contract is a demonstration of the success of our expansion and recognition of our growing footprint across the APAC region,” he added.
“CCS will be a key part of a global transition to net zero carbon emissions and our international experience and expertise will support Petronas in delivering sustainability across future projects. We are proud to be working together,” Allison went on to say.
Xodus is a global energy consultancy which specialises in oil and gas, offshore wind, CCS, cables, hydrogen and marine energy, according to its website. The company has operations in the UK, the U.S., Australia, the Middle East and Asia. Petronas is a global energy and solutions company which is ranked amongst the largest corporations on Fortune Global 500.
To contact the author, email andreas.exarheas@rigzone.com
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- ExxonMobil Racks Up Discoveries in Guyana Block Eyed by Chevron
- Oil Market Sentiment Has Improved Significantly
- EU, US Eye Collaboration on Nuclear Materials
- USA Driving Activity to Increase to All-Time Highs
- EU Electricity Export to Ukraine Up 94 Percent in Two Years
- China Coal Output Falls for First Time since Government Ordered More
- TC Energy to Sell Prince Rupert Gas Pipeline Project to First Nation
- BP Pulse Buys One of Europe's Largest Truck Stops
- UK CCUS Plans Outdated: Think Tank
- I Squared Eyes Full Ownership of Europe Gas Storage Firm
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- Rystad Looks at the Buzz Around White Hydrogen
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension