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
  • Azule Energy and Rhino Resources partner in offshore Namibian block
    10 May, 2024
  • Oil production starts at Eldfisk North Project in the North Sea
    08 May, 2024
  • Technical issue with gas compressor to delay Tyra II commissioning
    08 May, 2024
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
P’nyang

Milestone gas agreement executed for P’nyang Project in PNG

Santos has joined the Papua New Guinea Government and P’nyang project participants (affiliates of ExxonMobil and JX Nippon) to execute a gas agreement that provides a clear framework for P’nyang’s future development. The signing of the gas agreement marks a major milestone for the project, setting out the fiscal framework and supporting project scoping and evaluation. Subject to a final investment decision by the P’nyang participants, the ExxonMobil-operated P’nyang project would deliver LNG through new upstream facilities in Western Province linked to existing infrastructure, including Santos’... more
Hammerfest

Equinor revises start-up date for Hammerfest LNG plant

Due to continuing consequences from Covid-19 and operational restrictions, Equinor has advised the time of start-up of the Hammerfest LNG plant in Norway is pushed from 31 March 2022 to 17 May 2022. The previous estimate for the start-up date was given with uncertainty particularly related to the development of the Covid-19 pandemic. “We work systematically to deliver on the plan we established, but challenges related to Covid-19 restrictions require that we need more time to prepare the plant for safe and stable start-up and operations,” says Grete B. Haaland, senior vice president for Equinor's onsho... more
Martin Linge

Equinor’s Martin Linge Field in Norway officially opened

Equinor’s Martin Linge field has been officially opened offshore Norway’s coast. The gas will be transported through a new pipeline connecting the field to the existing pipeline going to St. Fergus, Scotland. The plan for development and operation of Martin Linge was submitted to the authorities in January 2012 and approved by the Norwegian parliament in June the same year. Martin Linge came on stream on 30 June 30 2021. Since the field came on stream, it has had good operational performance. Along with high oil and gas prices, the investments in the field are expected to be recovered in full during 20... more

Woodside and Commonwealth LNG sign HOA for LNG supply

Woodside Energy Trading Singapore Pte Ltd has signed a heads of agreement (HOA) with Commonwealth LNG to negotiate a sale and purchase agreement for the supply of LNG from the proposed Commonwealth LNG development in Louisiana, USA. The HOA contemplates the purchase by Woodside of two million tonnes per annum of LNG over a period of 20 years, scheduled to begin in quarter two 2026. Woodside’s offtake obligation can be reduced or even eliminated as Commonwealth achieves increasing thresholds of offtake commitments from other buyers. Woodside would also have an option to purchase an additional 0.5 mil... more

Woodside commences front-end engineering design activities for US hydrogen project

Australian energy producer Woodside has started front-end engineering design (FEED) activities on a hydrogen project for the first time, awarding a contract in late December for FEED engineering servies to Kellogg, Brown & Root LLC for its proposed H2OK project in Oklahoma, USA. H2OK is a liquid hydrogen production facility proposed for the Westport Industrial Park in Ardmore, with phase one involving construction of an initial 290-megawatt facility that can produce up to 90 tonnes a day of liquid hydrogen through electrolysis. The facility will target the heavy transport sector and its location offers th... more

Woodside expands hydrogen portfolio to the US

Australian energy producer Woodside plans to expand its portfolio of hydrogen production opportunities to the US, securing land in Oklahoma for future development of a modular hydrogen facility and entering a memorandum of understanding (MoU) with Hyzon Motors. The company has secured a lease and option to purchase 94 acres of vacant land in Ardmore, Oklahoma, to underpin future development of its proposed H2OK project, as well as progressing similar land acquisition opportunities aligned to growth markets in the US. Subject to approvals and customer demand, the H2OK concept involves construction of an ini... more
Falkland Islands

Falkland Islands exit highlights wariness for new remote oil markets

Harbour Energy’s intention to streamline its portfolio by focusing mainly on North Sea assets is noteworthy because the strategy includes the option to exit the $1.8 billion Sea Lion project in the Falkland Islands. According to GlobalData, many exploration and production (E&P) companies are putting de-risking strategies in effect due to market downturn in 2020, which is causing an issue for the Falklands Islands Government in particular, as new remote oil markets are less likely to be desirable. Effuah Alleyne, Senior Upstream Oil & Gas Analyst at GlobalData said market downturn in 2020 and de-r... more