Projects

  • Queensland Pacific Metals receives $3m grant for Frontier Gas Exploration

    PROJECTS

    Queensland Pacific Metals receives $3m grant for Frontier Gas Exploration

    Queensland Pacific Metals Ltd (ASX: QPM) has announced that its subsidiary, QPM Energy, has been awarded a $3 million Frontier Gas Exploration Grant by the Queensland government. This grant, part of the Quee... more

  • Azule Energy and Rhino Resources enter strategic agreement for offshore Namibian block

    PROJECTS

    Azule Energy and Rhino Resources partner in offshore Namibian block

    Azule Energy, in a significant move marking its first international deal since its inception in 2022, has partnered with Rhino Resources Namibia for a strategic farm-in agreement concerning Block 2914A (PEL85) ... more

  • Successful first oil production at Eldfisk North Project in the North Sea

    PROJECTS

    Oil production starts at Eldfisk North Project in the North Sea

    The Eldfisk North Project, located in the Greater Ekofisk Area in the North Sea and operated by ConocoPhillips Skandinavia AS, has commenced its first oil production several weeks ahead of schedule. The Eld... more

  • BlueNord ASA provides update on Tyra II commissioning

    PROJECTS

    Technical issue with gas compressor to delay Tyra II commissioning

    BlueNord ASA has announced an operational occurrence with the intermediate pressure (IP) gas compressor will impact the commissioning of the new Tyra II facilities in the North Sea. The investigation has con... more

  • Queensland Pacific Metals receives $3m grant for Frontier Gas Exploration
  • Oil production starts at Argos platform in the Gulf of Mexico
  • Woodside driving forward renewable hydrogen in Tasmania
  • Equinor signs contracts for Northern Lights project

Tamboran progresses key pipeline agreements with APA Group

Tamboran Resources have entered into three formal and binding agreements with APA Group to support the development of Tamboran’s Beetaloo Basin assets. This includes: an Early Development Agreement relating to the development of the ~35-kilometre Sturt Plateau Pipeline (SPP) that is planned to connect the proposed 40 million cubic feet per day (MMcf/d) Sturt Plateau Compression Facility (SPCF) to the Amadeus Gas Pipeline (AGP) and, subject to achieving project milestones and executing further agreements, is targeting an online date as early as H2 2025 an Early Development Agreement for development o... more

Pilot enters binding agreements to raise $3.5 million

A syndicate of sophisticated investors has agreed to inject $3.5 million into Pilot Energy (ASX:PGY) to progress the company’s flagship Mid West Clean Energy Project (MWCEP) in Western Australia. The syndicate is being led by Greg Columbus, a director of Discovery Investments Pty Ltd and current Non-executive Chairman of Talon Energy. This is the second time this investor syndicate led by Columbus has participated in the issue of convertible notes in 2023. The six binding convertible notes will be issued in two tranches. The first five notes will be issued to members of the investor syndicate and will ... more

Plans released for new Port Hedland LNG plant in WA

Pilbara Clean Fuels Pty Ltd is progressing a development concept for a new, mid-scale, low carbon footprint LNG plant to be located at Port Hedland in Western Australia. The project will provide an Australian LNG fuel supply capability through a new facility for the conversion of pipeline natural gas to LNG, responding to market demand for cleaner marine bunker fuel for dry-bulk iron ore carriers operating ‘round-trip’ voyages between the Pilbara and Asia. Market studies show increasing worldwide adoption of LNG as a marine fuel, with supply availability one of the key drivers. The base-case plant c... more

Galilee Energy welcomes progress on Glenaras Gas Project

Galilee Energy has welcomed the Central West Queensland Remote Area Planning and Development (RAPAD) and VisIR partnership which will progress the proposed 930-kilometre electricity transmission line from Hughenden to Bileola. The RAPAD Board, the Barcaldine Regional Council (BRC) and VisIR have formalised plans for the RAPAD Power Grid development with a Memorandum of Understanding (MoU). The RAPAD Power Grid will comprise of 5.2GW of HVDC transmission technology, and approximately 4,200 megawatts of solar generation. The initiative is part of the state government’s Queensland Energy and Jobs Plan (Q... more

QPME prioritises growth and safety at Moranbah Project

In the three months since assuming operatorship of the Moranbah Project, QPM Energy (QPME) has focused on maintaining safe and stable operations while implementing a series of production optimisation and improvement initiatives. The energy company has attributed the successful transition of operations to the establishment of an organised management and operating team, as well as the implementation of correct gas field operating practices. These have ensured zero lost time injuries and have improved field performance too. QPME has also increased its production from 22.9 TJ per day to approximately 27TJ p... more

Santos delays FID for Narrabri gas project until 2025

Santos has announced in its latest ASX investor update that a final investment decision (FID) on its Narrabri gas project will not take place until 2025. This comes after the Australian federal government recently announced it will reassess the company’s Hunter Gas Pipeline under Commonwealth environmental laws. The project decision will remain open until 8 December 2023. Santos’s FID delay also follows after the New South Wales government’s cancellation of the Narrabri Special Activation Precinct (SAP), after consideration of the 2023 NSW Government’s Strategic Infrastructure Review. The purpo... more

Mobil continues investing in its Melbourne terminal

A subsidiary of ExxonMobil Australia — Mobil Oil Australia — is investing in additional fuel storage infrastructure at its Melbourne terminal, as it hopes to support Australia’s fuel security and cement the company’s role as a critical supplier of fuel for Victoria and the east coast. The investment will bolster the 100 million litres of storage which the company added to its Melbourne terminal in June 2023. Mobil Australia Sales Manager Andrew McNaught said: “Mobil continues to invest in strengthening our Australian fuel supply chain and maintaining the safe and reliable delivery of fuel where a... more

Shell to start building Europe’s largest renewable hydrogen plant

Shell Nederland B.V. and Shell Overseas Investments B.V., subsidiaries of Shell plc, have taken the final investment decision to build Holland Hydrogen I, which will be Europe’s largest renewable hydrogen plant once operational in 2025. The 200MW electrolyser will be constructed on the Tweede Maasvlakte in the port of Rotterdam and will produce up to 60,000 kilograms of renewable hydrogen per day. The renewable power for the electrolyser will come from the offshore wind farm Hollandse Kust (noord), which is partly owned by Shell. The renewable hydrogen produced will supply the Shell Energy and Chemica... more

Equinor transfers operatorship for Gulf of Mexico field to Shell

Equinor has agreed to sell 51 per cent of its interest in the North Platte deep water development project in the US Gulf of Mexico to Shell. Equinor will retain 49 per cent interest in the project, and Shell will become the new operator of the field. To reflect this change, Equinor and Shell have agreed to rename the North Platte development to the Sparta development. Sparta straddles four blocks of the Garden Banks area, 275 kilometres off the coast of Louisiana in approximately 1,300 metres of water depth. Front-end engineering and design (FEED) has been matured for the project. Equinor and Shell will no... more

Equinor and Fluxys launch decarbonisation solution in Europe

Fluxys and Equinor have agreed to develop a major infrastructure project for transporting captured CO2 from emitters to storage sites in the North Sea, connecting Belgium to Norway. The project is in the feasibility stage, with an investment decision expected by 2025. Carbon capture, transport and storage (CCS) is essential for achieving significant CO2 emission reductions. This project offers the North-West European market a robust and flexible solution for large-scale decarbonisation. The project includes a 1,000 km CO2 export trunkline operated by Equinor which will transport CO2 for safe and permanent ... more

Chevron’s North American assets achieve top environmental scores

Chevron Corporation’s North American upstream assets have earned Project Canary’s highest ratings on operational and environmental performance. The analysis was conducted on Chevron’s assets in Texas and Colorado. As a result of the certification process, 82 wells achieved ‘Platinum’ status and three wells received ‘Gold’ status, Project Canary’s highest ratings and confirmation of Chevron’s industry-leading practices, including continuous monitoring. Chevron plans to market responsibly sourced gas (RSG) from the certified assets in the second half of 2022. Steve Green, president, Chevron... more

AXP energy boosts production with low-cost well re-completion in the US

ASX-listed AXP Energy Limited has seen material production gains from a low-cost well re-completion of a single well in the Illinois Basin. The well re-completion for DPI-2605 has added considerably to gross daily production with the well now steadily flowing about 50 barrels of oil and 300 thousand cubic feet of gas per day. This represents a significant boost to AXP’s oil production which averaged 307 barrels of oil a day in April and 351 in May. After well re-completion, the well initially flowed naturally at 310 barrels and one million cubic feet of gas (intermittently) a day, achieving a maximu... more

Partners to develop offshore renewable green hydrogen production

Renewable green hydrogen player Lhyfe and shipbuilder Chantiers de l’Atlantique have announced the signing of a Memorandum of Understanding (MoU) for the development of offshore hydrogen production platforms. The agreement comes as Lhyfe and Chantiers de l’Atlantique, who have already been working together for 18 months as part of the SEM-REV project on the co-development of a pilot system for offshore hydrogen production, prepare to launch the world’s first offshore renewable hydrogen production demonstrator in September 2022, off the coast of Saint-Nazaire, France. On the strength of this first dem... more

Qatar awards stake in LNG expansion to TotalEnergies

QatarEnergy has selected France’s TotalEnergies as its first international partner in the North Field East (NFE) liquefied natural gas (LNG) expansion project. Indrajit Sen, oil and gas editor at GlobalData company MEED, said securing a reliable international investor such as TotalEnergies could not have come at a more opportune time for Qatar, as the Gulf state works to cement its position as a reliable partner for gas supply to Europe amid the current energy crisis. Sen continued: “QatarEnergy has set itself a target of expanding its LNG capacity by over 60 per cent, from 77.5 million tonnes a year t... more