Latest news with #CCUS
Borneo Post
18 hours ago
- Politics
- Borneo Post
Sarawak must harness natural, technical strengths to tackle climate crisis, says deputy minister
Dr Hazland (centre) receives a memento from Misnu witnessed by Dr Abdul Rahman (second left), Mual (right) and Zaidi. – Photo by Matthew Umpang KUCHING (July 30): Sarawak must fully harness its abundant natural resources to balance climate change mitigation with economic development, said State Deputy Minister of Energy and Environmental Sustainability, Datuk Dr Hazland Abang Hipni. 'Sarawak is blessed by Allah Ta'ala with both nature-based and technical-based solutions for climate change mitigation. 'It would not be very smart for Sarawak not to capitalise on all these natural resources that have been entrusted to us,' he said during the closing ceremony of the 'International Seminar on Humanity and Climate Change Crisis: A Multidimensional Perspective' at the Islamic Complex Hall here today. The seminar was jointly organised by the Sarawak Islamic Council (MIS) and Institute of Islamic Understanding Malaysia (IKIM) and aimed to explore the intersection between faith, science and sustainable development amid the global climate crisis. Dr Hazland spoke about Sarawak's vast carbon storage potential through its forests and depleted oil wells, which could store up to 10 billion tonnes of carbon — including an estimated one billion tonnes from its land-based carbon sinks and a further nine billion tonnes from offshore storage through Carbon Capture, Utilisation and Storage (CCUS) technology. 'Our forests, mangroves, and peatlands cover 62 per cent of Sarawak's 12.5 million-hectare landmass, which is equivalent in size to Peninsular Malaysia or England,' he said. With major hydroelectric dams such as Batang Ai, Murum, Bakun, and the ongoing Balleh project serving as a foundation for the state's green energy drive, he commented that Sarawak's rivers have also been key to its clean energy initiatives. He also praised the leadership of Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg, calling him the 'chief caliphah' driving Sarawak's transformation. 'This is the turning point. Our leaders recognised the value of hydroelectricity even in the 1970s. Now, we are expanding that with floating solar panels and renewable hydrogen development. 'Our Premier has the vision and courage to explore uncharted waters. With our natural and technical resources, we can pursue our dream of balancing sustainability and economic growth,' he said. He cited the Post Covid-19 Development Strategy (PCDS) 2030 as a roadmap guiding this transformation upon three pillars—economic prosperity, environmental sustainability, and social inclusivity. Meanwhile, Dr Hazland also touched on the state's four-pronged framework for achieving its green goals, comprising regulatory, technical, financial, and human resource components. He thus encouraged all stakeholders, including religious and academic institutions, to support the state's efforts by integrating environmental ethics and spirituality into education and policymaking. 'From legal frameworks to green financing, from technology partnerships to human capital development, all are in place. Our Green Economy Policy, Hydrogen Economy Roadmap, and Sustainability Roadmap are already being implemented,' he said. 'This seminar (for example) should not be the end of the discussion. Let it be a launchpad for further collaboration, community outreach and bold policy decisions,' he said. Also present at the ceremony were Deputy Minister in the Sarawak Premier's Department (Project Coordination for Regional Development Agencies, DBKU and Islamic Affairs) Datuk Dr Abdul Rahman Junaidi, MIS president Datuk Misnu Taha, Sarawak Islamic Religious Department director Mual Suaud and IKIM deputy director-general Mohd Zaidi Ismail. Dr Hazland Abang Hipni economic development natural resources
Business Wire
2 days ago
- Business
- Business Wire
New Era Helium's JV Closes on 235-Acre AI Data Center Site in Permian Basin, With Option to Expand to 438 Acres in Total as Buildout Accelerates
MIDLAND, Texas--(BUSINESS WIRE)--New Era Helium, Inc. (Nasdaq: NEHC) ('NEH' or the 'Company'), a next-gen exploration and production platform in the Permian Basin, today announced that Texas Critical Data Centers LLC ('TCDC'), its 50/50 joint venture with Sharon AI, Inc., has closed on the acquisition of 235 acres from Grow Odessa. The acreage is located in Ector County, Texas and is in close proximity to the City of Odessa. TCDC is developing a large artificial intelligence (AI) and high-performance computing (HPC) campus designed to scale beyond 1 GW to meet the surging demand for AI and GPU infrastructure. The facility will integrate advanced energy, cooling, and the potential for CCUS technologies to reduce environmental impact and deliver best-in-class efficiency. Expansion Opportunity TCDC has also signed an exclusive letter of intent (LOI) with Grow Odessa for an additional 203 contiguous acres, expanding the site to 438 acres. The site is strategically located near key infrastructure, including fiber optic cable, multiple large intrastate natural gas transmission lines, and CO₂ pipeline infrastructure. To support the buildout, TCDC will now apply to form an Industrial District with the City of Odessa to facilitate access to municipal services such as water and wastewater treatment. The acreage currently resides within Ector County but just outside the Odessa city limits. Forming the Industrial District will enable TCDC to maintain favorable Ector County zoning regulations rather than adopt City of Odessa zoning—an important advantage for development speed and flexibility. E. Will Gray II, CEO of New Era Helium, Inc. commented: 'Closing on this site marks a key milestone in our strategy to align Permian Basin energy assets with the explosive growth in AI and HPC demand. It advances our long-term vision to transform these resources into critical digital infrastructure, creating a high-impact, future-ready platform that will deliver scalable growth and meaningful value for shareholders.' About New Era Helium, Inc. New Era Helium, Inc. is a next-gen exploration and production platform unlocking the full value of its Permian Basin assets. The Company controls over 137,000 acres in Southeast New Mexico, with more than 1.5 Bcf of proved and probable helium reserves sourced alongside natural gas production. Through its joint venture, Texas Critical Data Centers, LLC, NEHC is capturing multi-sector growth across helium, power, and data infrastructure. For more information, visit Follow New Era Helium on LinkedIn and X. About Texas Critical Data Centers (TCDC) Texas Critical Data Centers (TCDC) is a 50/50 joint venture between New Era Helium, Inc. and Sharon AI, Inc., established in 2024 to develop next-generation AI and high-performance computing (HPC) infrastructure in the Permian Basin. TCDC's flagship project is a 250MW data center campus in Ector County, Texas, purpose-built to meet surging demand for AI and cloud GPU workloads. The site will feature advanced natural gas power generation, liquid cooling systems, and the potential for carbon capture integration, delivering scalable, energy-efficient compute capacity. For more information, visit Cautionary Note Regarding Forward-Looking Statements This press release contains 'forward-looking statements.' Forward-looking statements reflect the current view about future events. When used in this press release, the words 'anticipate,' 'believe,' 'estimate,' 'expect,' 'future,' 'intend,' 'plan' or the negative of these terms and similar expressions, as they relate to us or our management, identify forward-looking statements. Such statements include, but are not limited to, statements contained in this press release relating to our business strategy, our future operating results and liquidity and capital resources outlook. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward–looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation: (a) our ability to effectively operate our business segments; (b) our ability to manage our research, development, expansion, growth and operating expenses; (c) our ability to evaluate and measure our business, prospects and performance metrics; (d) our ability to compete, directly and indirectly, and succeed in a highly competitive and evolving industry; (e) our ability to respond and adapt to changes in technology and customer behavior; (f) our ability to protect our intellectual property and to develop, maintain and enhance a strong brand; and (g) other factors (including the risks contained in the 'Risk Factors' section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2024. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.
Daily Express
6 days ago
- Business
- Daily Express
High CO2 levels no deterrent for Sarawak
Published on: Friday, July 25, 2025 Published on: Fri, Jul 25, 2025 By: Sherell Jeffrey Text Size: L/R: Arabi, Hanh Le, Diofanny and Fairuz. KUCHING: Half of Sarawak's natural gas reserves contain high levels of carbon dioxide (CO2), making them difficult to extract and use, but technology is turning this into a multi-billion-ringgit opportunity. 'For Sarawak, the importance of Carbon Capture, Utilisation and Storage (CCUS) technologies is profound,' said Petroleum Sarawak Berhad (Petros) Resource Management Senior Vice President Datuk Abang Arabi Abang Narudin. 'It is about robust economic growth, securing high value jobs, diversifying our economy, ensuring energy security and cementing our position as forward-thinking players in this global energy transition,' he said at the recent International Energy Week Summit (IEW) 2025's Panel Discussion where industry experts challenged skepticism about CCUS technology's effectiveness and viability. The summit, hosted by the Sarawak Energy and Environmental Sustainability Ministry and organised by Informa Markets, a world leading market-making company, brought together regional experts to discuss how CCUS technologies can transform the oil and gas sector towards sustainability. Daily Express was among those invited for the event held at the Borneo Convention Centre Kuching, here. What exactly is CCUS? CCUS is a technology that captures CO2 from industrial processes before it enters the atmosphere, then either uses it for other purposes or stores it safely underground. For Sarawak, this technology holds promise. 'We are blessed with many natural resources, we sit on top of 65 per cent of the geological formation that is ideal and best for the CCUS,' said Abang Arabi. 'If you look at our natural gas resources, we have vast natural gas resources, but 50 per cent of our remaining resources are contaminated gas with high CO2. 'Hence, CCUS is important for us to unlock the value from these resources,' he said, adding that Sarawak wants to harness that and position itself as a leading player in the region for CCUS. He said technology optimisation, financing, policy certainty and infrastructure development are four key factors needed for CCUS' success. 'We are looking at using CO2 in combination with hydrogen, for example, create e-methanol, e-methane,' he said, pointing out how Sarawak is exploring innovative applications. 'When hydrogen becomes cheaper and cheaper to produce, it makes sense for us to go for synthetic gas or synthetic fuel through CO2,' he said. Sarawak is also looking at proprietary technology that combines CO2 with gas to produce hydrogen and chemical feedstock. 'It is a technology called HYCO1. This is something that we are exploring. It is in its early days. I think they are ready for a pilot in the near future,' he added. Additionally, Sarawak is developing two CCUS hub to create shared infrastructure and achieve economies of scale. 'The whole intent and purpose is to have a common shared infrastructure for us to have economy of scale and make CCUS more affordable,' he said. When asked about environmental risks from storing CO2 underground, Abang Arabi, who is a geophysicist by training said, 'If you look at our reservoirs, the oil and gas has been deposited there for millions of years without leakage. It needs us to poke a hole and drill to bring it out.' One common criticism of the CCUS technology is that it is expensive and complex while offering limited environmental benefits. The panel disagreed with this assessment. Asia Natural Gas and Energy Association (ANGEA) Singapore Senior Advisor Hanh Le said CCUS is a technology that provides large scale decarbonisation. 'It is probably the highest scale of mitigation options that are available to us right now,' she said, adding that public acceptance and policy harmonisation are important in the CCUS. 'If you want to build a regional CCUS hubs and CCUS as a regional business model, we need that policy certainty related to liability, how you manage the liabilities not just operational liabilities, but also from emission accounting liability as well,' she said. 'ANGEA has implemented many carbon, capture and storage (CCS) projects in the world, notably Gorgon in Australia, Chevron. Risk is low and environmental assessment has been done,' she said. She said Singapore is also expanding its CCUS footprint with three flagship projects spanning from western to eastern Indonesia and awarding new license areas for carbon injection working areas. 'Lack of public acceptance often come from misunderstanding. When people understand, they will be a lot more willing to accept,' said Hanh Le pointing out that education is key. Meanwhile, Indonesia Carbon Capture and Storage Centre (ICCSC) Strategic Initiative Director Diofanny Swandrina Putri said CCUS has numerous benefits that are more than just environmental impact. 'When you do something, you gain something, right? Even though we know it is expensive and difficult, but if you are looking towards the advantage that we can gain in terms of economic growth, value chain, job creation and green future, I think it is worth a try,' she said. She said for Indonesia, the CCS could support up to 70 per cent of the country's decarbonisation efforts, a notably higher contribution than the global average of 11 per cent. 'We also partner with the World Bank, International Finance Corporation and the Asian Development Bank who have this urgency to fund CCS projects,' she said, pointing out strong international funding appetite for CCS projects. 'There are a lot of technology providers coming to the ICCSC offering huge potential of the carbon capture technology. They say they can reduce the cost until 70 per cent, going from $100 per ton to $30 per ton,' she said. One of the most intriguing aspects of CCUS is the potential to turn Co2 from waste product into something valuable. 'First, as an asset that is traded, carbon credits. Second is carbon as feedstock, like carbon utilisation. Third is carbon as a circular economy,' Diofanny said, outlining three ways this could happen. 'Research from Oxford University shows that when CO2 is injected more than two kilometers underground according to international standards, the risk of leakage over 100 years is only 0.02 per cent,' she added. She acknowledged that public acceptance remains a challenge. Indonesia's approach involves engaging young people early. 'We are trying to involve youths and the ICCSC is launching the first CCS student chapter in the world. 'They are the ones who is going to do this for the next 20 years, 30 years and we need them to get onboard with us,' she said. Indonesia is also working on regulatory frameworks and international cooperation. 'We want to launch business license for the CCUS, because if you want to do business in Indonesia, you need to get the business license. 'We are also working towards government-to-government (G2G) agreements together with Singapore. We signed the MOU for the CCUS cross-border last June,' she said. Contrary to popular belief, the CCUS technology is not waiting for some breakthrough innovation. 'The CCUS technology has existed for many years,' said Aker Solutions Consultancy Director Ahmad Fairuz Mohd Amin. 'CCUS is like flossing your teeth. If you do not do it, then you realise one day there is a cavity in your tooth and then you start hurting yourself. It is something that is inevitable. You just need to do it,' he said, adding that Aker Solutions has been involved in CCUS projects since the 1990s. 'It is really about continuous optimisation, lowering the cost to make it more affordable,' he said. He said Aker Solutions is also involved in the world's first CO2 injection in Sleipner and more recent projects in Norway. The company has also worked on the Longship CCUS programme, which includes the Northern Lights project and the Brevik CO2 cement plant, the first capture facility of its kind in the world. 'The Brevik has captured around 400,000 metric tons of CO2 last month, being transferred into Northern Lights,' Ahmad Fairuz said. 'We have gone through all the bruises, blood and tears trying to execute CCUS. It is no easy task. What I mean is, financially we got hurt,' he said. However, he pointed out that costs will decrease as the technology becomes more standardised. 'Look at solar in 2005, and today, you see the cost going down. Thus, I think we must start and then it will go to that path of cost reduction,' he said. Moving forward, he said they recently signed with some partners on a technology called Zero Emission Unconventional Power System (Zeus) which uses oxy-combustion technology. 'Oxy-combustion is not new. It has been there for ages but we want to make it small footprint, lightweight. 'We are trying to bring power plant directly offshore, avoid having pipelines or gas processing plants. The system uses rocket engine technology adapted for energy production. 'We went to the US, brought a rocket engine and put it inside the system. The first pilot plant will be in Malaysia,' he said without disclosing its exact location except that it requires hundreds of millions of ringgits. Interestingly, the Zeus system can handle extremely high CO2 content. 'The Zeus system can take on 90 per cent CO2 as a system. Why? Because they use the same CO2 to cool up the system and enhance gas recovery,' he said. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Associated Press
23-07-2025
- Business
- Associated Press
Industry leaders to speak at Wood Mackenzie's Carbon Capture, Utilization and Storage Conference 2025
PRESS RELEASE Industry leaders to speak at Wood Mackenzie's Carbon Capture, Utilization and Storage Conference 2025 LONDON/HOUSTON/SINGAPORE, 23 July 2025–For the widespread deployment of carbon capture, utilization and storage (CCUS) to succeed, emitters, financiers and project developers continue to be challenged to make viable investment decisions in an unpredictable market. Now in its third year, Wood Mackenzie's Carbon Capture, Utilization and Storage Conference 2025 will bring together expert analysts and industry leaders in Houston, October 8-9. Attendees will include representatives from carbon emitting industries, policy makers, upstream players, project developers, financiers, EPCs, and midstream transportation, storage, and utilization providers who will discuss the costs and economic feasibility of projects. Key themes on the agenda include: The Carbon Capture, Utilization and Storage Conference 2025 will bring together leading experts from across the industry, including: To reserve your place at Wood Mackenzie's Carbon Capture, Utilization and Storage Conference 2025, please click on this link. ### For further information please contact Wood Mackenzie's media relations team: Mark Thomton +1 630 881 6885 [email protected] Hla Myat Mon +65 8533 8860 [email protected] Chris Boba +44 7408 841129 [email protected] Angélica Juárez +5256 4171 1980 [email protected] The Big Partnership (UK PR agency) [email protected] You have received this news release from Wood Mackenzie because of the details we hold about you. If the information we have is incorrect you can either provide your updated preferences by contacting our media relations team. If you do not wish to receive this type of email in the future, please reply with 'unsubscribe' in the subject header. About Wood Mackenzie Wood Mackenzie is the global insight business for renewables, energy and natural resources. Driven by data. Powered by people. In the middle of an energy revolution, businesses and governments need reliable and actionable insight to lead the transition to a sustainable future. That's why we cover the entire supply chain with unparalleled breadth and depth, backed by over 50 years' experience in natural resources. Today, our team of over 2,000 experts operate across 30 global locations, inspiring customers' decisions through real-time analytics, consultancy, events and thought leadership. Together, we deliver the insight they need to separate risk from opportunity and make bold decisions when it matters most. For more information, visit
Observer
21-07-2025
- Business
- Observer
PDO leads Oman's energy transition with breakthrough net zero projects
MUSCAT: Petroleum Development Oman (PDO), the largest producer of oil and gas in the Sultanate of Oman, is spearheading an ambitious and innovative transition toward a Net Zero future by 2050, underscoring its unwavering commitment to sustainability, energy efficiency, and climate responsibility. As published in the July edition of Wealth, a newsletter by the Ministry of Energy and Minerals, PDO's strategic roadmap reflects a clear alignment with Oman Vision 2040 and global goals for decarbonisation, as it pushes ahead with a series of integrated projects that merge energy production with significant emissions reduction. Among its most notable initiatives is a pioneering pilot project in the Dhulaima field, which marks a major milestone in carbon management and enhanced oil recovery (EOR). In a move that reflects a paradigm shift in the application of sustainable production technologies, PDO has successfully deployed carbon dioxide (CO₂) injection into the Upper Shu'aiba reservoir—an area previously considered inaccessible due to the limitations of conventional water injection and low rock permeability. The results were promising, with the CO₂ injection yielding a positive pressure response and no gas breakthrough, demonstrating both technical feasibility and reservoir stability. This pilot not only opens access to substantial untapped oil reserves but also supports emissions reduction through a carbon capture, utilisation and storage (CCUS) framework. What sets the Dhulaima project apart is its rapid and efficient execution. Delivered within just 12 months, the initiative stands as a clear example of PDO's capability to carry out complex engineering tasks with exceptional coordination and precision. The achievement also highlights the dedication and collaboration of multidisciplinary teams who delivered the project on schedule, with an exemplary safety record and zero health or environmental incidents—a hallmark of operational excellence in Oman's energy sector. In parallel with its work in CCUS and EOR, PDO is expanding its investments in renewable energy to reduce its carbon footprint across all operations. The company has set a target of generating 30 per cent of its operational energy requirements from renewable sources by 2026, a key stepping stone in its broader Net Zero strategy. Several large-scale solar projects are currently underway. Among them are Riyah-1 and Riyah-2, which, with a combined capacity of 200 megawatts, represent the first projects of their kind globally to be undertaken by an oil and gas company. Once operational in the last quarter of 2026, they are expected to offset around 740,000 tonnes of carbon dioxide emissions annually. Another major development is the North Concession photovoltaic solar project, also with a capacity of 100 megawatts and expected to be commissioned in the second quarter of 2026. This project alone will contribute to a reduction of more than 220,000 tonnes of emissions each year. Meanwhile, PDO's Amin photovoltaic solar power plant, which became operational in 2020, has already delivered a cumulative reduction of over 1.1 million tonnes of carbon dioxide emissions. The Miraah solar thermal steam generation project also continues to support clean steam supply for enhanced oil recovery, ranking among the world's largest facilities of its kind. Complementing these are smaller-scale but equally impactful initiatives such as the Dhiyaa project in Al Jazir, which supplies solar power to public buildings while promoting renewable energy awareness within local communities. At PDO's Mina Al Fahal headquarters, the company has implemented a car park solar project, now in its third phase, which contributes to the reduction of approximately 1,800 tonnes of carbon dioxide equivalent emissions annually. Equally critical to PDO's environmental strategy is the sustainable management of produced water, which presents both operational challenges and emissions concerns due to its energy-intensive disposal requirements. PDO has adopted a nature-based solution through the Nimr Wetlands project, which uses reed beds to naturally purify water With a treatment capacity of 175,000 cubic metres per day, this project not only avoids the release of 113,000 tonnes of carbon dioxide annually but also supports biodiversity, having created a desert habitat for over 140 species of birds and animals. Additionally, the Rima Water Treatment Plant, launched in 2022, employs innovative biological processes to treat around 40,000 cubic metres of water daily. This initiative has resulted in energy savings equivalent to 10 megawatts, translating into a further reduction of 48,000 tonnes of carbon dioxide emissions each year.
