Chevron invests A$38m in Australian CCS

US energy major Chevron this week announced that it would contribute some A$38-million to carbon capture and storage (CCS) research projects in Western Australia and Victoria, advancing knowledge of the critical emissions technology for a lower carbon future.

Some A$22-million has been committed to the Barrow Dampier CCS Regional Study, which is led by global technology company SLB, and supports a three-dimensional seismic and storage assessment to identify new CCS opportunities in the Carnarvon basin, offshore Western Australia.