KBR has been awarded a master service agreement and feasibility study on May 13 by JX Nippon Oil & Gas Exploration Corp., a leading integrated energy, resources and materials group in Japan.
Building on KBR’s strong and successful portfolio in this area, the study will assess options for carbon capture and sequestration (CCS), alongside blue hydrogen production relating to oil and gas fields in South East Asia, a region where JX Nippon continues to expand on its global track record of CCS/CCUS projects.
KBR will provide technical consultancy services in relation to developing concepts and technology recommendations for the capture of CO2, reinjection, and production of blue, carbon-free hydrogen.
KBR will also evaluate the feasibility of conversion and transport of hydrogen in other forms for sale into the market, including liquified cryogenic hydrogen, liquid organic hydrogen carrier (LOHC), ammonia, and methanol (utilizing CO2).
This project will be led primarily from KBR’s consulting hub in Singapore, leveraging on the specialist skills of its wider strategic and advisory consulting and engineering groups. This includes a world-leading cryogenic hydrogen team, which works with NASA extensively on the storage, training and safe handling of hydrogen at extreme temperatures.
“We are excited to be a part of this significant project which is indicative of the global transition to more sustainable energy supplies and our ambition to grow and maintain a substantial presence in Asia Pacific,” Jay Ibrahim, KBR president, energy solutions, said.
“Being given the opportunity to work on this study is indicative of KBR’s capabilities and skillsets across complex industrial assets and demonstrates our strategic commitment to sustainability, decarbonization, and the development of blue/green hydrogen as both the clean energy for the future, and foundation of a green chemical and product supply chain.”
Recommended Reading
Pemex Hits Debt Target, Struggles to Reverse Production Declines
2024-07-26 - Pemex achieved its long-term debt target, which aimed to gets its financial obligations below the $100 billion, while struggling to halt production declines.
Matador Offers $750 Million in Senior Notes Following Ameredev Deal
2024-09-20 - Matador Resources will offer $750 million in senior notes following the close of its $1.83 billion Ameredev II acquisition.
Dividends Declared in the Week of Aug. 19
2024-08-23 - As second-quarter earnings wrap up, here is a selection of dividends declared in the energy industry.
Gulfport Energy to Offer $500MM Senior Notes Due 2029
2024-09-03 - Gulfport Energy Corp. also commenced a tender offer to purchase for cash its 8.0% senior notes due 2026.
Pembina Completes Partial Redemption of Series 19 Notes
2024-07-08 - The redemption is part of Pembina Pipeline’s $300 million (US$220.04 million) aggregate principal amount of senior unsecured medium-term series 19 notes due in 2026.