The terminal will feature six large holding tanks, each capable of storing approximately 1,000 tonnes of liquefied CO₂ to be shipped for permanent storage in the Greensand reservoir
The deal increases INEOS Energy’s global production to over 90 thousand barrels of oil equivalent per day
Capital spend on energy assets in the USA now exceeds $3bn, providing a strong platform for future growth
The new compressor represents a significant investment that will secure domestic gas supplies for UK homes and industry for years to come
INEOS Energy will integrate the SLB Delfi digital platform into its oil and gas operations
Both vessels have a capacity of 174,000 m3 and will be built at the Okpo Shipyard in South Korea
The acquisition comprises 61.5% of the HESS operated Syd Arne oil field, complementing the 36.8% share INEOS already holds and 4.8% in the INEOS operated Solsort field.
The deepening of INEOS’ operating position in Denmark will also support INEOS Energy’s development of the Greensands carbon storage project in the INEOS operated Siri and Nini area fields.
This exciting new business will enable INEOS to become a powerful force in the coming energy transition.
Currently, the UK is four times more expensive than the USA.
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