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
Jade

Jade Gas generates gas flare during extended testing

ASX-listed Jade Gas Holdings has commenced extended testing of the Red Lake-5 and Red Lake-7 wells in the Red Lake area of its TTCBM Project permit, in the south Gobi region of Mongolia. Jade Managing Director and CEO Chris Jamieson said the commencement of the extended testing of the wells is a crucial phase in terms of data gathering for the company’s pilot production program later in the year. “It was pleasing to see a flare generated from gas pressure build up in Red Lake-5 yesterday, and while the flow was brief and un-metered, it was an encouraging early sign. “Red Lake-5 and Red Lake-7 will... more
Sempra

Sempra launches Port Arthur LNG project in the US

Sempra’s 70 per cent-owned subsidiary, Sempra Infrastructure Partners LP, has reached a positive final investment decision (FID) for the development, construction and operation of the Port Arthur LNG Phase 1 project in Jefferson County, Texas. Sempra Infrastructure closed its joint venture with an affiliate of ConocoPhillips and also announced an agreement to sell an indirect, non-controlling interest in the project to an infrastructure fund managed by KKR. Additionally, Sempra Infrastructure announced the closing of the project’s $6.8 billion non-recourse debt financing and the issuance of the final noti... more
Equinor

Equinor welcomes OKEA as new partner in the Statfjord area

Equinor has entered into an agreement to divest 28 per cent working interest in PL037 (Statfjord area) to OKEA with an effective date 1 January 2023. The total consideration is US$220 million plus a contingent payment element based on oil and gas prices over a three-year period. Camilla Salthe, senior vice president for Field Life Extension, FLX said with the transaction, the company will continue to optimise its oil and gas portfolio, welcoming an industrial player with late-life expertise into the Statfjord partnership. “This will contribute to diversification and high value-creation from the Statfj... more
Troll field

Equinor makes second discovery of the year near the Troll field

Equinor has again struck oil and gas near the Troll field in the North Sea. This is Equinor's eighth discovery in the area since 2019. The volumes are estimated at between 24 and 84 million barrels of oil equivalent, with slightly more oil than gas. Named Heisenberg, the discovery well was drilled by the Deepsea Stavanger drilling rig. Equinor is the operator, and DNO is a partner. The discovery is considered commercially interesting, partly because it can utilise existing infrastructure connected to the Troll B platform. However, an appraisal well is needed to get a more precise estimate of the size befor... more

Otto Energy finalises recompletion activities at Green Canyon well

Otto Energy Limited (ASX:OEL) has successfully finalised recompletion activities at its Green Canyon 21 'Bulleit' well in the Gulf of Mexico. The work was completed within previously advised cost estimates. The Bulleit well is to unload through a 10-mile subsea pipeline back to the host facility at Green Canyon 18, with a sustained production rate expected early in the second quarter of this year. Otto Energy Executive Chairman Mike Utsler said: “We are pleased that the GC 21 recompletion has been successfully finalized and production from both upper and lower DTR‐10 zones is expected shortly. ... more
Papua

Kumul Petroleum Holdings progresses facility to service Papua LNG

Kumul Petroleum Holdings Limited and Fabtech International, a Dubai based fabrication facility operator, have signed a management and operations agreement for a fabrication facility to be established in Port Moresby, in preparation for the construction phase of the Papua LNG and subsequent LNG and mining projects. Kumul Petroleum Holdings Limited managing director Wapu Sonk said the facility is expected to have a capacity of 20,000 tonne per year, producing steel, mechanical, piping and electrical modular packages. “It is expected to provide direct employment for 1000 skilled Papua New Guineans and in... more
Suncor Energy

Equinor acquires Suncor Energy UK, boosts its UK interests

Equinor UK Limited has signed an agreement to acquire Suncor Energy UK Limited for US$850 million. The transaction includes a non-operated interest in the producing Buzzard oil field (29.89%), an additional operated interest in the Rosebank development (40%) and Suncor employees based in the UK who work with these assets. Philippe Mathieu, executive vice president for Exploration and Production International said the transaction is in line with Equinor’s strategy of optimising its oil and gas portfolio and deepening in its core countries. “We are building on our longstanding position as a broad energy... more