#WoodsideEnergy has decided to scale down some of its initial #energytransition projects in the #US amid inflationary pressure and regulatory uncertainty, opting instead to prioritize its much-larger #ammonia project in Texas... Read more >
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The company expects its emissions to peak in 2027 or 2028 and so far it has only set targets to reduce the emissions intensity of its production. PTTEP is aiming to reduce its emissions intensity 30% by 2030 and 50% by 2040.
#EXCLUSIVE — Capital spending plans, project updates, decarbonization target, Montri Rawanchaikul, CEO of @PTTEP shared major updates with me on the sideline of the #EIForum in London.
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4⃣ PTTEP is working on strengthening its decarbonization pathway, with plans to present targets for reduction of its overall greenhouse gas emissions by the end of this year.
"Costs of #efuels may be higher than #naturalgas but once costs come down, buyers won't have to change their infrastructure as they would do with electrification or using low-carbon hydrogen in industrial processes", says Gallagher.
Although upstream investment grew for a second consecutive year in 2022 to $12.1 billion, it is still far from the $18 billion-$20 billion Indonesia believes it needs to achieve its bold 2030 production target of 1 million barrels per day of oil and 12 Bcf/d of gas.
Jakarta hopes the Abadi #LNG and Indonesia Deepwater Development projects will give a new impetus to Indonesia’s subdued upstream sector, although key indicators remain concerning.
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