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

FAR Ltd updates market on payment for sale of its Senegal RSSD project to Woodside

FAR Ltd expects to receive full payment of the US$55 million Contingent Consideration due from the sale of its interest in the Sangomar field, with Woodside having updates the market on its activities and when first oil is anticipated. The Woodside Contingent Payment entitlements are associated with the sale of FAR’s entire interest in the Senegal RSSD Project to Woodside. Woodside, as operator of the Sangomar Field, recently updated the market as to the project’s progress. In a release to the market dated 30 August 2022 Woodside noted that the Sangomar Field Development Phase 1 will be comprised ... more
Krafla

TES partners with E.ON and ENGIE to manage the 5th Floating Storage Regasification Unit of Germany

Tree Energy Solutions (TES), E.ON and ENGIE have been selected by the German Federal Ministry of Economics and Climate Protection (BMWK) to jointly develop and implement the fifth Floating Storage Regasification Unit (FSRU) in Germany. The fifth FSRU in Germany, which is planning to start in the beginning of the heating period 2023, will have an annual importing capacity of about 5bcm (which covers about 5 % of the annual consumption in Germany) and will contribute to enhancing Europe's and Germany’s energy security, accelerating its energy independence, and achieving full net zero by mid of the century. ... more
offshore hydrogen park

Equinor turning North Sea projects into power in offshore wind

Equinor is close to first power from the world’s first floating wind farm to power offshore oil and gas platforms, Hywind Tampen, and preparing for the start-up of the world’s largest wind farm, Dogger Bank. Both wind farms are in the North Sea where Equinor has more than ten years’ experience from operating offshore wind farms. At a press conference at the ONS conference in Stavanger 30 August, Equinor gave a status of Equinor’s offshore wind portfolio focusing on the North Sea. “The North Sea will continue to play a key role for Europe’s energy transition and security towards 2050. The... more

Hartshead Resources agreement with Shell for phase 1 development gas offtake

ASX-listed Hartshead Resources NL has entered into an agreement with Shell UK Exploration and Production Limited (Shell), to undertake an engineering study for tie-in of Hartshead’s Phase I gas field development to Shell’s infrastructure. The agreement will provide a basis of design and cost estimate for the tie-in of facilities through Shell’s infrastructure detailing the required brownfield modifications as part of the gas offtake route for the Anning and Somerville gas fields. The study work will be undertaken by Petrofac and managed by Hartshead. Shell will provide project assurance, prior to ... more

TotalEnergies announces significant offshore gas discovery in Block 6 offshore Cyprus

TotalEnergies and Eni (operator) have made a significant gas discovery at the Cronos-1 well, in Block 6, offshore Cyprus. This discovery follows the Calypso-1 discovery made on the same Block in 2018. Located at approximately 160 km southwest of the Cyprus coast, Cronos-1 encountered several good quality carbonate reservoir intervals and confirmed overall net gas pay of more than 260 meters. “This successful exploration well at Cronos-1 is another illustration of the impact of our Exploration strategy which is focused on discovering resources with low technical cost and low carbon emissions, to cont... more

Santos announces Pikka FID and net-zero project plans

Santos, as operator of the Pikka Unit joint venture, has made a final investment decision (FID) to proceed with the US$2.6 billion gross (US$1.3 billion Santos-share) Pikka Phase 1 oil project located on the North Slope of Alaska. Pikka Phase 1 is expected to produce 80,000 barrels a day of oil gross with first oil anticipated in 2026. The project has strong fundamentals, is located in a world-class oil producing province with significant existing infrastructure, has low unabated emissions intensity and is supported by key stakeholders, including the State of Alaska, the North Slope Borough, the landowner ... more
H2H Saltend

Equinor’s H2H Saltend one of the first large-scale hydrogen projects in the UK

Equinor’s Hydrogen to Humber Saltend (H2H Saltend) production facility has been successfully progressed through Phase-2 of the UK Government’s cluster sequencing process. The selected projects will now proceed to the due diligence stage of the Phase-2 cluster sequencing process to allow them to connect to the East Coast Cluster’s CO2 infrastructure and be operational in the mid-2020s. Previously in Phase-1 of the cluster sequencing process, the East Coast Cluster, which connects the Humber and Teesside via CO2 transport and storage infrastructure, was selected to become one of the first two ‘CCUS c... more