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

OMV invests in second-generation biofuel production

OMV has revealed plans to build a pilot plant at its Schwechat Refinery in Austria which will produce second-generation biofuels from 2023 using a patented process developed in-house. A standard refining process will see the waste-based substance glycerin turned into bio-alcohol which, when added to gasoline, reduces its carbon dioxide (CO2) footprint. OMV’s Chief Downstream Operations Officer, Thomas Gangl, said after more than five years of research, the company is now investing in a ‘Glycerin2Propanol’ pilot plant which will contribute to the further development of advanced biofuels. “The new pl... more

Oceaneering wins integrated rig services contract for Gulf of Mexico development

Oceaneering International Inc. has advised that its Subsea Robotics and Offshore Projects Group has secured an integrated rig services contract covering the Khaleesi/Mormont and Samurai fields in the U.S. Gulf of Mexico.  The work scope includes the provision of remotely operated vehicles (ROVs) with co-located ROV tooling and technicians, remote positioning and metrology survey resources, and installation and workover control system (IWOCS) equipment and technicians. Work is scheduled to commence in early 2021 and carry into 2022. Oceaneering’s Senior Vice President and Chief Commercial Officer, E... more

Neptune and partners commence Dugong appraisal drilling

Neptune Energy (Operator) and its partners in the Dugong licence have commenced drilling on the Dugong appraisal well, located in the Norwegian section of the North Sea. Dugong is located 158 kilometres west of Florø, Norway, at a water depth of 330 metres, and is close to the existing production facilities of the Snorre field. The reservoir lies at a depth of 3,250 - 3,400 metres. The well is being drilled by the Deepsea Yantai, a new semi-submersible rig owned by CIMC and operated by Odfjell Drilling. The Dugong discovery in Production Licence 882 was one of the largest discoveries on the Norwegian C... more

Qatar Petroleum awards contract for LNG storage and loading facilities

Qatar Petroleum has awarded a significant engineering, procurement and construction (EPC) contract to Samsung C&T Corporation for the expansion of LNG storage and loading facilities located within the Ras Laffan Industrial City as part of its North Field East (NFE) project. The contract was signed on Monday by His Excellency Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs and President and CEO of Qatar Petroleum, and Oh Se-chul, President and CEO of Samsung C&T during a ceremony at Qatar Petroleum Headquarters. The contract, valued at more than $2 billion (including options), was aw... more

Sweet gas discovery spurs new potential in Baram Province

PETRONAS has reported a gas discovery from the Dokong-1 wildcat exploration well in Block SK417 Production Sharing Contract (PSC), located in the shallow waters of the Baram Province, roughly 90 kilometres off the coast of Sarawak, offshore Malaysia. PTTEP HK Offshore Limited, a wholly-owned subsidiary of PTT Exploration and Production Public Company Limited, is the operator for Block SK417 PSC with 80 per cent participating interest while PETRONAS Carigali Sdn Bhd, a subsidiary of PETRONAS holds the remaining 20 per cent. The PSC was signed in March 2018 as a result from the Malaysia Bid Round 2017. The D... more

Neptune Energy announces start-up of Gjøa P1 development

Neptune Energy (Operator) and its partners Wintershall Dea, Petoro and OKEA have announced that production has started from the Gjøa P1 development. The Gjøa field, located in the northern part of the North Sea, 50 kilometres northeast of the Troll field, was discovered in 1989. Plans for development and operation (PDO) were approved by Norwegian authorities in 2007. The field is developed with five subsea templates tied to the Gjøa Semi-Submersible production facility for processing and export. Production commenced in 2010. Oil is exported by pipeline to Mongstad and gas by pipeline to St. Fergus in t... more

Equinor and partners prepare for shutdown of the Veslefrikk field

After more than 30 years on stream and over 400 million barrels of oil equivalent, Equinor has advised that the Veslefrikk partnership is now planning for shutdown of the field in the spring of 2022. The plugging of wells has already commenced. The field was discovered in 1981, and when it came on stream in 1989, Veslefrikk’s development concept, as a first on the Norwegian continental shelf, comprised a floating production unit. The partnership has invested some NOK 20 billion (approximately AU$3 billion) in Veslefrikk, and the field’s productive life has been extended several times. When the plan for... more