Projects

  • QPM launches drilling operations for Teviot Brook South wells

    PROJECTS

    QPM launches drilling operations for Teviot Brook South wells

    Queensland Pacific Metals Ltd (ASX:QPM) has announced the start of drilling operations for seven new production wells at the Teviot Brook South area in South East Queensland,. This initiative is part of the ... more

  • QPM announces 38 per cent increase in Moranbah Project Reserves

    PROJECTS

    QPM announces 38 per cent increase in Moranbah Project reserves

    Queensland Pacific Metals Ltd (ASX:QPM) has reported a substantial increase in reserves at its Moranbah Project in Queensland, with 2P reserves rising by 38 per cent from 240PJ to 331PJ. The independently ce... more

  • Tamboran signs major gas supply agreement with NT government

    PROJECTS

    Tamboran signs major gas supply agreement with NT government

    Tamboran Resources Corporation (TBN) has announced the signing of a binding Gas Sales Agreement (GSA) with the Northern Territory government to supply 40 TJ per day (~19 TJ per day net to Tamboran) from the pro... more

  • TotalEnergies to strengthen gas portfolio in Malaysia

    PROJECTS

    TotalEnergies to strengthen gas portfolio in Malaysia

    TotalEnergies has reached an agreement with Sapura Upstream Assets Sdn Bhd (SUA) to acquire its 50 per cent interest in Malaysian gas producer SapuraOMV Upstream Sdn (SapuraOMV) for $530 million. This deal, ... more

  • QPM launches drilling operations for Teviot Brook South wells
    03 May, 2024
  • QPM announces 38 per cent increase in Moranbah Project reserves
    03 May, 2024
  • Tamboran signs major gas supply agreement with NT government
    24 Apr, 2024
  • TotalEnergies to strengthen gas portfolio in Malaysia
    24 Apr, 2024
QPM launches drilling operations for Teviot Brook South wells

QPM launches drilling operations for Teviot Brook South wells

Queensland Pacific Metals Ltd (ASX:QPM) has announced the start of drilling operations for seven new production wells at the Teviot Brook South area in South East Queensland,. This initiative is part of the company's ongoing production growth strategy and signifies a significant development in its commitment to enhancing output capabilities. The Teviot Brook South Well Program involves the installation of seven new Surface to Inseam (SIS) well pairs. Each pair comprises a vertical production well linked with a lateral well drilled within the Goonyella Middle Seam. The innovative drilling plan aims to... more
QPM announces 38 per cent increase in Moranbah Project Reserves

QPM announces 38 per cent increase in Moranbah Project reserves

Queensland Pacific Metals Ltd (ASX:QPM) has reported a substantial increase in reserves at its Moranbah Project in Queensland, with 2P reserves rising by 38 per cent from 240PJ to 331PJ. The independently certified reserve update, completed by Netherland, Sewell & Associates Inc. (NSAI), indicates a significant growth in the project's potential. The Moranbah Gas Project's reserves are located within QPM’s portfolio of 100 per cent owned Petroleum Leases, connected to gas gathering and processing infrastructure. This increase in reserves positions QPM to expand its energy business and supply Easter... more
Tamboran signs major gas supply agreement with NT government

Tamboran signs major gas supply agreement with NT government

Tamboran Resources Corporation (TBN) has announced the signing of a binding Gas Sales Agreement (GSA) with the Northern Territory government to supply 40 TJ per day (~19 TJ per day net to Tamboran) from the proposed Shenandoah South Pilot Project. This agreement, with an initial term of nine years starting in H1 2026 and an option for a further six-and-a-half years, represents approximately two-thirds of the Northern Territory's current gas requirements. The gas will be supplied on a take-or-pay basis at a market-competitive price, escalating at 100 per cent of the Consumer Price Index (CPI). This commi... more
QPME commences operation of Moranbah Project

QPM announces strategic realignment for energy growth

Queensland Pacific Metals Ltd (ASX:QPM), a key player in sustainable mining and energy solutions, has announced a strategic realignment to expedite the growth of its gas and energy assets. This shift, aimed at enhancing shareholder value and addressing the urgent energy needs in Eastern Australia, will focus on expanding and enhancing the Moranbah Gas Project (MGP). The decision to prioritise the MGP follows a comprehensive portfolio review and market analysis. The project is expected to play a crucial role in addressing forecasted gas supply shortfalls and supporting the transition to renewable energy ... more
Woodside reports successful reserves update as a result of merger with BHP

Angel CCS Joint Venture and Yara Pilbara Fertilisers to Explore CCS

The Angel CCS Joint Venture has joined forces with Yara Pilbara Fertilisers Pty Ltd (Yara Pilbara) to investigate the feasibility of employing carbon capture and storage (CCS) to decarbonise Yara Pilbara’s existing operations near Karratha, Western Australia. The proposed large-scale, multi-user CCS hub, operated by Woodside Energy, aims to assist Australian and international industries in their decarbonisation efforts. Yara Pilbara has signed a non-binding Memorandum of Understanding (MOU) with the Angel CCS Joint Venture to explore the potential of CCS in reducing emissions from their operations in the... more
Jemena to reverse Eastern Gas Pipeline, enhancing gas supply to Victoria

Jemena reverses pipeline to enhance Victoria’s gas supply

Energy infrastructure company, Jemena, is planning to reverse the 797-kilometre Eastern Gas Pipeline (EGP) — potentially sending up to 300 TJ/d of gas south from New South Wales into Victoria. The EGP, commissioned in 2000, traditionally brought gas from Bass Strait to the New South Wales and Sydney market, supplying over 70 per cent of gas across New South Wales at times. The reversal project aims to make the EGP bi-directional, allowing it to deliver 200TJ/d south from Port Kembla Energy Terminal (PKET) — owned by Squadron Energy — by Winter 2026. With PKET over 90 per cent complete, it is Austr... more
Strike signs GTA with APA

Strike signs Walyering gas transportation agreement with APA

Strike has signed a two-year gas transportation agreement (GTA) with APA Group Pty Ltd, enabling the delivery of 10 TJ/d into the Dampier to Bunbury Natural Gas Pipeline (DBNGP) from the Walyering gas processing facility. This will be facilitated through a new inter-pipeline connection at Mondarra, currently under construction and commissioned by APA. This infrastructure is expected to be operational by late 2024. This agreement provides Strike access to the significantly larger and more active market connected to the DBNGP, where approximately 95 per cent of daily gas in Western Australia is sold and cons... more
licence

TotalEnergies renews Nigerian deep offshore licence

TotalEnergies, operator of OML130 in Nigeria, has renewed the production licence on this block for 20 years. Located 150 kilometres off the Nigerian coast, the OML130 block contains the prolific Akpo and Egina fields which came into production in 2009 and 2018 respectively. In 2022, production amounted to 282,000 boe/d: nearly 30 per cent was gas sent to the Nigeria LNG plant, notably contributing to Europe’s energy security. The production start-up from Akpo West, a short-cycle project, is expected by the end of 2023. In addition, OML130 contains the Preowei discovery, to be developed by tie-back to ... more
Cuba

Mobilisation commenced at Melbana’s Cuba site

Mobilisation for Melbana Energy Limited’s Alameda-2 appraisal well drill program has commenced at the company’s Block 9 PSC area, onshore Cuba. The drilling rig and spread was released from its previous operation last Sunday and is in the process of being stacked up and delivered to Melbana’s Alameda site, as is the casing and other inventory. The onsite camp facilities should be operational within the next week. Construction of the cellar has been completed in preparation for the installation of the conductor pipe. Work carried out by Melbana’s on-ground management team over the previous two mo... more
Johan

Norway’s Johan Sverdrup produces at increased plateau

This week a successful capacity test has been performed confirming that the Johan Sverdrup field in Norway can produce up to 755,000 barrels of oil per day. During a capacity test at Johan Sverdrup, the field reached a record-high production level of 755,000 barrels of oil per day. This equals to 6 to 7 per cent of the daily European oil consumption. “This process capacity test at Johan Sverdrup confirms technically very robust facilities and was safely performed with no unwanted incidents. This is an important milestone, and the result of systematic and targeted efforts,” says Marianne Bjelland, vi... more
Mozambique

TotalEnergies releases action plan for Mozambique LNG project

Patrick Pouyanné, Chairman and CEO of TotalEnergies, entrusted Jean-Christophe Rufin in December 2022, on behalf of the partners of the Mozambique LNG project, with an independent mission to assess the humanitarian situation in the province of Cabo Delgado, Mozambique. After several investigation field trips in Mozambique, Mr Rufin produced a report which subsequently led to an action plan decided by Mozambique LNG partners based on the report’s recommendations. The report recalls that the conflict in the province of Cabo Delgado has origins pre-dating the gas development projects and finds its roots in... more

Equinor and partners announce final investment decision for Brazil project

Equinor (operator), Repsol Sinopec Brasil and Petrobras have taken the investment decision to develop the BM-C-33 project in Brazil, with the investment worth about US$9 billion. Located in the Campos Basin, BM-C-33 comprises three different pre-salt discoveries – Pão de Açúcar, Gávea and Seat – containing natural gas and oil/condensate recoverable reserves above one billion barrels of oil equivalent. The concept selected for BM-C-33 is based on an FPSO (Floating production storage and offloading unit), capable of processing gas and oil/condensate and specifying these for sale without a need for fu... more

Hartshead Resources successfully completes first offshore operations

Hartshead Resources NL (ASX:HHR) has successfully completed a geophysical survey across the Anning and Somerville fields in the UK and interfield pipeline locations using GEOxyz’s Geo Ocean III vessel. The Geo Ocean III is a 77-metre second-generation Dynamic Positioning Multi-Disciplined Offshore Survey Vessel, with specialist deep-push Cone Penetration Testing and vibro-coring capability. The main objectives of the geophysical survey were to provide Hartshead with an interpretation of the seabed geomechanical and engineering conditions at the Anning and Somerville field locations, as well as an environ... more

PNG LNG sell-down exclusivity period with Kumul extended

Kumul Petroleum has extended the exclusivity period for its binding conditional offer to acquire a five per cent interest in PNG LNG from Santos Limited (ASX:STO). The acquisition has an asset value of US$1.4 billion, including a proportionate share of PNG LNG project finance debt of about US$0.3 million. Kumul previously extended the offer on 23 December 2022 until 30 April 2023. Kumul has agreed it will work closely with Santos during this extension period in order to assist it in arranging the finalisation of its acquisition financing with third parties. There is also strong support from both the... more