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

Kumul Petroleum awards design and development contracts for FSRP facility

In December 2020, Kumul Petroleum Holdings Limited (KPHL), Papua New Guinea’s National Oil Company, announced the awarding of two contracts for the design development and engineering of a new Floating, Storage, Re-gasification and Power Generation (FSRP) facility. The announcement is an important step towards meeting the demand and supply requirement set out in the PNG 2030 Strategic Plan. KPHL stated that it is committed to working towards the Plan’s goal of connecting 70 per cent of the PNG population to secure electricity by 2030. It will also provide PNG’s growing heavy industries with much ne... more

Apache and Total announce new oil discovery offshore of Suriname

On Thursday, Apache Corporation and Total S.A. announced an oil discovery at the Keskesi East-1 exploration well in Block 58 offshore of Suriname. Keskesi East-1 encountered targets in the upper Cretaceous-aged Campanian and Santonian intervals. The shallower Campanian interval contains 58 metres of net oil, volatile oil and condensate pay and the Santonian interval contains 5 metres of net oil and volatile oil pay. Apache outlined that fluid samples indicate API oil gravities of approximately 27 to 28 degrees in the Campanian and 35 to 37 degrees in the Santonian. The company noted that the Keskesi Eas... more

Equinor and YPF partner with Shell in block offshore of Argentina

Equnior and Argentine energy company, YPF, have entered into an agreement with Shell to jointly farm-down 30 per cent non-operated interests in the CAN 100 block, located in the North Argentinian Basin, offshore of Argentina. In April 2019, Equinor was granted permits for five blocks as operator and participated in winning bids for one block to be operated by YPF and one block to be operated by Total, in the country's first Offshore Licensing Round. In October that same year, Equinor farmed into the YPF CAN 100 block and agreed to take over the operatorship. Equinor and YPF currently both hold 50 per ce... more

Breakthrough ship-to-ship transfer of LNG cargo completed

Qatargas Operating Company Limited has completed the first-ever commercial ship-to-ship (STS) transfer of a liquefied natural gas (LNG) cargo involving a Q-Flex LNG vessel. The transfer took place at Subic Bay in the Philippines. A full cargo of 212,000 cubic metres aboard the Qatargas-chartered Q-Flex vessel ‘Mesaimeer’ was loaded at Ras Laffan Port on 18 December 2020 and delivered as two separate parcel discharges. One parcel was delivered as the ship-to-ship transfer in Subic Bay on 6 January 2021 and the second parcel as a delivery to Jiangsu LNG terminal, China. Both sales were made to PetroChina... more

Eni and PTTEP awarded exploration concession for Offshore Block 3

On December 21, 2020, the Abu Dhabi National Oil Company (ADNOC) announced the signing of an exploration concession agreement, awarding the exploration rights for Abu Dhabi’s Offshore Block 3 to a consortium led by Eni Abu Dhabi B.V., a wholly-owned subsidiary of multinational energy company, Eni, and PTTEP MENA Ltd., a wholly-owned subsidiary of Thailand’s PTT Exploration and Production Public Company Limited (PTTEP).  The award has been approved by Abu Dhabi’s Supreme Petroleum Council (SPC) and it follows on from ADNOC’s award that month of an onshore block to the Occidental Petroleum Corporatio... more

Oil discovery in the Norwegian Sea

On December 22, 2020, ConocoPhillips announced a new oil discovery in production license 891 on the Slagugle prospect located roughly 22 kilometres north-northeast of the Heidrun Field in the Norwegian Sea. ConocoPhillips Skandinavia AS is operator of the license with 80 per cent working interest. Pandion Energy AS is a license partner with 20 per cent working interest. Preliminary estimates place the size of the discovery between 75 million and 200 million barrels of recoverable oil equivalent. According to ConocoPhillips, extensive data acquisition and sampling has been carried out in the discovery w... more

Total enters a new operated exploration permit in Egypt

An international consortium led by Total (Total 35 per cent and Operator, Shell 30 per cent, KUFPEC 25 per cent, Tharwa 10 per cent) and the Egyptian Natural Gas Holding company (EGAS) have inked an exploration and production agreement for the North Ras Kanayis Offshore block located in the Herodotus Basin, offshore of Egypt in the Mediterranean Sea. The exploration block covers an area of 4,550 square kilometres, extending from 5 to 150 kilometres from the shore, with water depths ranging from 50 to 3,200 metres. The Herodotus Basin is an underexplored area and the agreement includes a 3D seismic campaign... more