Chevron
Time’s up on Gorgon’s five years of carbon storage failure
On July 18 Chevron will be millions of tonnes short of required CO2 injection at Gorgon LNG. If the WA Government stands firm the carbon credit bill could approach $100 million.
Chevron's Gorgon LNG project on Barrow Island began operating in 2016 has the world's third-largest carbon capture and storage system.
Chevron
On July 18 Chevron will be millions of tonnes short of required CO2 injection at Gorgon LNG. If the WA Government stands firm the carbon credit bill could approach $100 million.
Local content
A $6B high-tech subsea compression system will keep Chevron's Gorgon LNG plant supplied with gas but little of the massive spend will occur in Australia.
LNG
Chevron's Gorgon should be a showpiece of carbon capture and storage but five years after first LNG it is still not working properly and has another five-month extension from the regulator.
Energy Transition
Shell, Exxon and Chevron are big players in Australian oil and gas and being forced to decarbonise sooner will affect their local operations, with a possible king hit to Prelude.
Safety
Safety regulator WorkSafe does not know when it will receive test results so four workers on Chevron's Gorgon LNG plant will know if they have received an unsafe exposure to toxic mercury.
Carbon Emissions
WA's industrial greenhouse gas emissions are dominated by four products and a handful of companies, including a few that have managed to keep a low profile in the climate wars.
PRRT
Shell's accountants predict the Dutch giant will never pay Australia for gas consumed at the Gorgon and Prelude LNG projects that it can sell for up to about $4 billion a year.
Carbon Emissions
Singapore's Pavilion Energy will buy Australian LNG from Chevron with certified greenhouse emissions, in another sign that Asian buyers are favouring less carbon-intensive gas.
Carbon capture and storage
Gorgon LNG's carbon emissions will jump by more than one million tonnes a year until Chevron fixes an underground pressure management problem that caused WA's safety regulator to curtail CO2 injection by two-thirds.
LNG
Technical problems at Gorgon and Wheatstone will give Chevron Australia another year of reduced LNG production while US headquarters remains hesitant about the energy transition.
Carbon capture and storage
The WA safety regulator has told Chevron to turn down Australia's $3.1 billion showpiece Gorgon LNG carbon capture and storage system until problems are fixed, meaning carbon emissions will rise.
Carbon capture and storage
Gorgon LNG has emitted 7 million tonnes of climate-warming CO2 more than permitted but Chevron is unlikely to suffer at the hands of lax Australian governments.