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
Oman

TotalEnergies starts gas production and signs contract in Oman

In line with its growth strategy in gas and LNG, a fuel contributing to the energy transition, TotalEnergies announces the start of gas production from onshore Block 10 in the Sultanate of Oman as well as an agreement with Oman LNG for a long-term LNG purchase contract. Gas production from the Mabrouk North-East field in the onshore Block 10 is expected to reach 500 million standard cubic feet per day by mid-2024. The produced gas will supply the Omani gas network, feeding both local industry and LNG export facilities. This production start-up follows the signing of the concession agreement in December 2021. ... more
Barents Blue

Barents Blue project changes partners as agreement period ends

Horisont Energi has announced Fertiberia as a new partner to join the Barents Blue project, as the previous partners Equinor and Vår Energi leave the project following the cooperation agreement expiring on 31 January. The Barents Blue concept is to make ammonia from natural gas from the Barents Sea, capture the CO2 and store it under the seabed. The Polaris CO2 storage under the Barents Sea was selected as the CO2 storage solution for the Barents Blue project, and it has had the same partners as for the Barents Blue project. Consequently, Equinor has also concluded to not take further part in the Polar... more
QatarEnergy

QatarEnergy joins TotalEnergies and Eni on two exploration blocks

TotalEnergies and Eni have completed the transfer to QatarEnergy of a 30 per cent interest in exploration Blocks 4 and 9 off the coast of Lebanon. The agreements were endorsed in Beirut on 29 January, during a ceremony attended by His Excellency Dr. Walid Fayad, the Minister of Energy and Water of Lebanon; His Excellency Mr. Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and President and CEO of QatarEnergy; Mr. Patrick Pouyanné, Chairman and CEO of TotalEnergies; and Mr. Claudio Descalzi, CEO of Eni. Pursuant to the terms of the agreements, TotalEnergies (operator) and Eni will eac... more
FPSO

FPSO vessel for Greater Tortue Ahmeyim project sets sail

The floating production, storage and offloading (FPSO) vessel for the bp-operated Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project has started its journey towards the project site off the coasts of Mauritania and Senegal. The FPSO set sail on 20 January 2023 from Qidong, China after successfully completing a series of sea trials following construction over the past three and half years. It will now travel 12,000 nautical miles via Singapore to its final destination – around 40km offshore on the maritime border of the neighbouring countries. The FPSO is a key part of the major integrated G... more
Gippsland Basin

Fourth mobile offshore asset added to the Gippsland Basin decommissioning fleet

Esso Australia Pty Ltd has signed an agreement to charter the Helix Q7000 semisubmersible vessel to support decommissioning activities in the Gippsland Basin from the end of 2023. ExxonMobil Australia Chair, Dylan Pugh, was excited to announce this milestone in Esso Australia’s decommissioning progress. “The Helix Q7000 is a welcome addition to our extensive fleet of vessels and rigs currently operating across the Gippsland Basin,” said Pugh. “It is the fourth mobile offshore asset we have added to our decommissioning fleet, and marks the first time we will be using a light well intervention ves... more
sequestered

ADNOC announces world first fully sequestered CO2 injection project

ADNOC has begun work on the world’s first fully sequestered carbon dioxide (CO2) injection well in a carbonate saline aquifer. The project is expected to begin injecting CO2 in the second quarter of 2023. Yaser Saeed Almazrouei, ADNOC Upstream Executive Director, said carbon capture and storage will play an important role in reducing emissions and achieving global climate goals. "At Al Reyadah, ADNOC deployed the region’s first carbon capture project at scale and we are taking another tangible step to deliver on our $15 billion decarbonisation action plan with the world’s first fully sequestered CO2 ... more
hydrogen hub

bp could expand Germany’s green energy port with a new hydrogen hub

bp will evaluate the feasibility of building a new hydrogen hub in Germany. The project, which would be located in Wilhelmshaven, is expected to include an industry leading ammonia cracker which could provide up to 130,000 tonnes of low-carbon hydrogen from green ammonia, per year, from 2028. Green ammonia – produced by combining nitrogen with hydrogen derived from the electrolysis of water using renewable energy sources – is expected to be shipped from bp green hydrogen projects around the world to Wilhelmshaven. The cracker converts the green ammonia into green hydrogen by splitting the larger molecule ... more