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
    13 May, 2024
  • Oil production starts at Argos platform in the Gulf of Mexico
    14 Apr, 2023
  • Woodside driving forward renewable hydrogen in Tasmania
    12 Nov, 2021
  • Equinor signs contracts for Northern Lights project
    21 Oct, 2020
Queensland Pacific Metals receives $3m grant for Frontier Gas Exploration

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 Queensland Resources Industry Development Plan, will fund a groundbreaking trial program aimed at unlocking gas resources in the Fort Cooper Coal Measures (FCCM), specifically the Fairhill Seam. The FCCM Production Assessment Project, as it is known, is designed to trial a new series of wells targeting the high-gas-content FCCM, which has been untapped for gas drainage activities. Success in these trials... more
Carnarvon Energy outlines strategic focus to maximise shareholder value

Carnarvon Energy strengthens focus on Dorado to maximise value

Carnarvon Energy Limited has recently reaffirmed its business priorities, emphasising its commitment to restoring and growing shareholder value by maximising the value of its asset base and reducing corporate costs. One of the key highlights of Carnarvon's new strategy is the progress made on the Dorado development plan, which is designed to enhance project value, reduce overall capital expenditure, and ensure readiness for a final investment decision (FID) in 2024. Carnarvon CEO Philip Huizenga said the company is well positioned to deliver the Dorado project through to a FID this year, and onto first oil... more
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
Wood Australia awarded Greater Sunrise Concept Study contract

Wood awarded Greater Sunrise Concept Study contract

The Sunrise Joint Venture (SJV), comprising TIMOR GAP (56.56 per cent), Woodside Energy (33.44 per cent), and Osaka Gas Australia (10.00 per cent), has awarded the Greater Sunrise Concept Study contract to Wood Australia Pty Ltd (Wood PLC) following a global contract procurement process. The study, led by Wood PLC, will involve a multi-disciplinary subcontracting team of specialist consulting partners. It will focus on key issues related to the development, processing, and marketing of gas, with a strong emphasis on delivering gas to Timor-Leste for processing and LNG sales, or to Australia. Various dis... more
Neptune conducts first Walk to Work campaign at Cygnus field

Neptune conducts first Walk to Work campaign at Cygnus field

Neptune Energy has announced the start of the first Walk to Work (W2W) campaign at the Cygnus gas field in the UK Southern North Sea. A programme of brownfield modifications, maintenance and inspection activities will be supported by Bibby Marine’s WaveMaster 1 vessel, reducing time, costs and environmental impacts. The vessel is equipped with a ‘motion-compensated transfer gangway’, enabling crews to safely walk between the vessel and the Cygnus Bravo platform. It is an efficient and less carbon-intensive means of accommodating the 50 personnel carrying out the work, in comparison with multiple heli... more
bp delivers carbon offset LNG cargo to CPC Corporation, Taiwan

bp delivers carbon offset LNG cargo to CPC Corporation in Taiwan

BP Singapore Pte. Limited has successfully delivered a ‎carbon offset liquefied natural gas (LNG) cargo to CPC Corporation, Taiwan. The LNG cargo arrived at the Yung An terminal in Taiwan in September. This is bp’s first delivery of carbon offset LNG in the Asia-Pacific region, following its ‎first delivery globally to Sempra LNG at the Energia Costa Azul terminal in Mexico in ‎July 2021. Carbon dioxide (CO2) and methane (CH4) emissions associated with the LNG cargo, ‎from wellhead to discharge terminal for the specific source and voyage, were ‎estimated using bp’s GHG quantification method... more
TotalEnergies signs agreements for development of Iraq's natural resources

TotalEnergies signs agreements for development of Iraq’s natural resources

TotalEnergies, the Iraqi Ministries for oil and electricity and the country's National Investment Commission have signed major agreements covering several projects in the Basra region, intended to enhance the development of Iraq's natural resources to improve the country’s electricity supply. Iraq, a country rich in natural resources, is currently experiencing electricity shortages while it faces a sharp increase in demand from the population. TotalEnergies, with the support of the Iraqi authorities, will invest in installations to recover gas that is being flared on three oil fields and as such supply g... more
Hurricane

Shell identifies damage to offshore facility from Hurricane Ida

During an initial flyover of its assets in the afermath of Hurricane Ida, Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, observed damage to its West Delta-143 (WD-143) offshore facilities. Shell did not observe any visible structural damage to the rest of its offshore assets. When it is safe to do so, the company will send personnel offshore to provide a closer inspection of these facilities to understand the full extent of the damage and the degree to which the production in the Gulf of Mexico will likely be impacted. The WD-143 facilities serve as the transfer station for all production from... more
carbon footprint

Shell gives nod to Timi, its first offshore WHP powered by renewables

Sarawak Shell Berhad (SSB), a subsidiary of Royal Dutch Shell plc, has taken a final investment decision (FID) on the Timi gas development project, situated approximately 200 kilometres off the coast of Sarawak, in Malaysia. The Timi development features SSB’s first wellhead platform (WHP) in Malaysia that is powered by a solar and wind hybrid renewable power system. The unmanned platform is approximately 60 per cent lighter than a conventional Tender Assisted Drilling (TAD) wellhead platform. The project also includes the drilling of two wells. Wael Sawan, Shell Upstream Director said Timi demonstrat... more
Troll phase 3

Equinor’s Troll phase 3 project starts up in Norway

On 27 August, production started from Equinor’s Troll phase 3 project in the Norwegian North Sea. The project has a break-even price below $10 and CO2 emissions of less than 0.1 kg per barrel oil equivalent. The new wells are tied in to the Troll A platform and Troll phase 3 will extend the platform’s life past 2050.  Recoverable volumes from Troll phase 3, which will produce the Troll West gas cap, are estimated at as much as 347 billion cubic metres of gas. Converted into oil equivalent this amounts to 2.2 billion barrels.  Investments are approximately NOK 8 billion. Arne Sigve Nylund, executive v... more
Eni starts production of the Cuica Field, offshore of Angola

Eni starts production of the Cuica Field, offshore of Angola

Eni has commenced production of the Cuica Field, in Block 15/06, offshore of Angola, via the Armada Olombendo Floating Production Storage and Offloading (FPSO) vessel. The Cuica field was discovered by the exploration well Cuica 1 in March this year. It is located in a water depth of 500 metres, approximately three kilometres from the Olombendo FPSO. Eni advised that production commenced on 30 July 2021, just over four months from the field’s discovery. The company states that the early production of the development, that will increase and sustain the Olombendo FPSO production plateau, includes an oil pr... more