News

  • Queensland approves four new gas projects in Bowen Basin with $21m funding

    NEWS

    Queensland approves four new gas projects in Bowen Basin with $21m funding

    In a bid to boost gas supply and support domestic energy needs, Queensland has greenlit four new gas projects in the Bowen Basin, backed by a $21 million New Frontier Gas Exploration Program. The funding, aw... more

  • Northern Territory pursues gas development amid net zero goals

    NEWS

    Northern Territory pursues gas development amid net zero goals

    The Northern Territory government is forging ahead with an ambitious strategy to tap into the Territory's substantial gas resources, particularly focusing on the Beetaloo Basin, all while striving to achieve ne... more

  • Hartshead Resources advances gas fields amid fiscal uncertainties

    NEWS

    Hartshead Resources NL expands UK portfolio with 10 block wins

    Hartshead Resources NL (ASX: HHR), a European-focused ASX-listed energy company, has achieved remarkable success in the 33rd UK Licensing Round, securing 10 blocks that significantly expand its UK portfolio. ... more

  • Australian govt unveils Future Gas Strategy to drive net zero transition

    NEWS

    New Future Gas Strategy to drive Australia’s net zero transition

    The Australian government has unveiled its Future Gas Strategy, outlining a comprehensive plan for the role of gas in the nation's transition to net zero emissions by 2050. The strategy, released by Minister... more

  • Queensland approves four new gas projects in Bowen Basin with $21m funding
    16 May, 2024
  • CCS key to get the world to net-zero faster
    19 Aug, 2021
Mitsui & Co. to commence new CCS project in Malaysia

Mitsui & Co. to commence new CCS project in Malaysia

08 Apr, 2024
Mitsui & Co., Ltd. has announced the signing of memorandums of understanding (MOUs) with Mitsubishi UBE Cement Corporation (MUCC) and Resonac Corporation for joint studies aimed at establishing a carbon capture and storage (CCS) value chain. The project includes the capture, transportation, and storage of CO2 at an offshore site in Malaysia, developed jointly with Malaysia's state-owned oil company and a global multi-energy company. Under the MOUs, MUCC and Resonac will conduct studies on the separation, capture, liquefaction, and temporary storage of CO2 emitted at MUCC's Ube Cement Plant and Resonac's Oita Complex. Mitsui will study the transportation and storage…
supply

WA’s domestic gas market in flux as supply sources mature

28 Mar, 2024
With gas demand slowly outstripping supply, Western Australia’s once well-supplied domestic gas market is now tight, and further volatility is expected until new volumes come online later in the decade, according to a new report from Wood Mackenzie. The Western Australia’s Domestic Gas Supply / Demand Balance 2024 report shows that gas and renewables will replace coal-fired generation in Western Australia during the 2030s. This shift is likely to raise the state’s demand for gas by approximately 10 per cent. “The region’s largest customers for gas are the mining and mineral processing industries, and they are on a decarbonisation journey.…
export earnings

Latest data shows Australia’s LNG export earnings will decline

28 Mar, 2024
According to the latest Resources and Energy Quarterly, Australian resource and energy export earnings are forecast to be $417 billion in 2023–24, down from a record $466 billion in 2022–23 following a spike in energy prices. Australia’s LNG export revenues are expected to decline from $72 billion in 2023-24 to $65 billion in 2024-25, and then settle at $50-55 billion in the period from 2025-26 to 2028-29. Lower prices will drive the falls. Export volumes are expected to hold close to 80 Mt annually during this period but may decrease in the latter years as producing reserves start to deplete.…
Mikael Karlsson joins Equinor ASA Board of Directors

Mikael Karlsson joins Equinor ASA Board of Directors

27 Mar, 2024
Mikael Karlsson has been elected as a new member of the board of directors of Equinor ASA — a major Norwegian energy company. The election took place during a meeting in the corporate assembly of Equinor ASA on 20 March 2024. Karlsson, a partner and Vice Chairman of Actis Capital, a leading global investment firm, brings a wealth of experience to Equinor's board. He served as Chief Investment Officer at Actis from 2021 to 2023, and before that, he held the role of Head of Energy and Infrastructure at the firm from 2015 to 2021. Before joining Actis, Karlsson served…
Blockchain to revolutionise operations in the oil and gas sector

Blockchain to revolutionise operations in the oil and gas sector

26 Mar, 2024
Blockchain technology is gaining traction in the oil and gas sector — offering innovative solutions for service contracts, pricing reviews, and transaction life cycle support. It has the potential to reduce costs and improve process efficiencies. According to GlobalData Blockchain in Oil and Gas report, blockchain offers enhanced transparency, compliance, and data security in the industry. Major companies like ADNOC, BP, Eni, Equinor, Repsol, and Shell are actively developing blockchain to address industry challenges. GlobalData Oil and Gas Analyst Ravindra Puranik noted that blockchain has evolved beyond supply chain optimisation to support transaction processing with smart contracts. Consortiums have played a…
Cracking the code on talent: strategies for today's job market

Cracking the code on talent: strategies for today’s job market

22 Mar, 2024
In today’s fiercely competitive job market, the demand for top talent across various industries poses a significant challenge.  Many sectors like mining, construction and IT, are subject to an ageing workforce and there is an urgent need for more young talent to fill these vacant positions. Professions that need specific skill sets, such as software development and engineering, are difficult to occupy, particularly among recent university graduates. Despite the ongoing global demand for minerals, unfavourable perceptions of related industries have dampened enthusiasm for pursuing careers in this field. Furthermore, industries that require physical labour have also experienced a decline in…
The Victorian Chamber of Commerce and Industry's call for a clear plan for the state's transition to net zero emissions has gained further backing from a recent survey of its members.

Victorian businesses seek clarity on switch from gas

21 Mar, 2024
The Victorian Chamber of Commerce and Industry's call for a clear plan for the state's transition to net zero emissions has gained further backing from a recent survey of its members. The survey, which garnered 503 responses, revealed that 86 per cent of businesses believe that shifting to renewables will impact the quality of their output. Nearly half of the respondents indicated that they will not need to replace their gas appliances for the next 10 to 20 years. However, requiring businesses to switch from gas to electricity could significantly increase their operating costs. The power outages experienced in February…