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
Tamboran progresses key pipeline agreements with APA Group

Tamboran progresses key pipeline agreements with APA Group

Tamboran Resources have entered into three formal and binding agreements with APA Group to support the development of Tamboran’s Beetaloo Basin assets. This includes: an Early Development Agreement relating to the development of the ~35-kilometre Sturt Plateau Pipeline (SPP) that is planned to connect the proposed 40 million cubic feet per day (MMcf/d) Sturt Plateau Compression Facility (SPCF) to the Amadeus Gas Pipeline (AGP) and, subject to achieving project milestones and executing further agreements, is targeting an online date as early as H2 2025 an Early Development Agreement for development o... more
Pilot enters binding agreements to raise $3.5 million

Pilot enters binding agreements to raise $3.5 million

A syndicate of sophisticated investors has agreed to inject $3.5 million into Pilot Energy (ASX:PGY) to progress the company’s flagship Mid West Clean Energy Project (MWCEP) in Western Australia. The syndicate is being led by Greg Columbus, a director of Discovery Investments Pty Ltd and current Non-executive Chairman of Talon Energy. This is the second time this investor syndicate led by Columbus has participated in the issue of convertible notes in 2023. The six binding convertible notes will be issued in two tranches. The first five notes will be issued to members of the investor syndicate and will ... more
New LNG production at Port Hedland

Plans released for new Port Hedland LNG plant in WA

Pilbara Clean Fuels Pty Ltd is progressing a development concept for a new, mid-scale, low carbon footprint LNG plant to be located at Port Hedland in Western Australia. The project will provide an Australian LNG fuel supply capability through a new facility for the conversion of pipeline natural gas to LNG, responding to market demand for cleaner marine bunker fuel for dry-bulk iron ore carriers operating ‘round-trip’ voyages between the Pilbara and Asia. Market studies show increasing worldwide adoption of LNG as a marine fuel, with supply availability one of the key drivers. The base-case plant c... more
Galilee Energy welcomes progress on Glenaras gas project

Galilee Energy welcomes progress on Glenaras Gas Project

Galilee Energy has welcomed the Central West Queensland Remote Area Planning and Development (RAPAD) and VisIR partnership which will progress the proposed 930-kilometre electricity transmission line from Hughenden to Bileola. The RAPAD Board, the Barcaldine Regional Council (BRC) and VisIR have formalised plans for the RAPAD Power Grid development with a Memorandum of Understanding (MoU). The RAPAD Power Grid will comprise of 5.2GW of HVDC transmission technology, and approximately 4,200 megawatts of solar generation. The initiative is part of the state government’s Queensland Energy and Jobs Plan (Q... more
### QPME proud of growth and safety achievements at Moranbah Project

QPME prioritises growth and safety at Moranbah Project

In the three months since assuming operatorship of the Moranbah Project, QPM Energy (QPME) has focused on maintaining safe and stable operations while implementing a series of production optimisation and improvement initiatives. The energy company has attributed the successful transition of operations to the establishment of an organised management and operating team, as well as the implementation of correct gas field operating practices. These have ensured zero lost time injuries and have improved field performance too. QPME has also increased its production from 22.9 TJ per day to approximately 27TJ p... more
Santos delays FID for Narrabri gas project until 2025

Santos delays FID for Narrabri gas project until 2025

Santos has announced in its latest ASX investor update that a final investment decision (FID) on its Narrabri gas project will not take place until 2025. This comes after the Australian federal government recently announced it will reassess the company’s Hunter Gas Pipeline under Commonwealth environmental laws. The project decision will remain open until 8 December 2023. Santos’s FID delay also follows after the New South Wales government’s cancellation of the Narrabri Special Activation Precinct (SAP), after consideration of the 2023 NSW Government’s Strategic Infrastructure Review. The purpo... more
Mobil continues investing in its Melbourne terminal

Mobil continues investing in its Melbourne terminal

A subsidiary of ExxonMobil Australia — Mobil Oil Australia — is investing in additional fuel storage infrastructure at its Melbourne terminal, as it hopes to support Australia’s fuel security and cement the company’s role as a critical supplier of fuel for Victoria and the east coast. The investment will bolster the 100 million litres of storage which the company added to its Melbourne terminal in June 2023. Mobil Australia Sales Manager Andrew McNaught said: “Mobil continues to invest in strengthening our Australian fuel supply chain and maintaining the safe and reliable delivery of fuel where a... more
Equinor

Equinor welcomes OKEA as new partner in the Statfjord area

Equinor has entered into an agreement to divest 28 per cent working interest in PL037 (Statfjord area) to OKEA with an effective date 1 January 2023. The total consideration is US$220 million plus a contingent payment element based on oil and gas prices over a three-year period. Camilla Salthe, senior vice president for Field Life Extension, FLX said with the transaction, the company will continue to optimise its oil and gas portfolio, welcoming an industrial player with late-life expertise into the Statfjord partnership. “This will contribute to diversification and high value-creation from the Statfj... more
Troll field

Equinor makes second discovery of the year near the Troll field

Equinor has again struck oil and gas near the Troll field in the North Sea. This is Equinor's eighth discovery in the area since 2019. The volumes are estimated at between 24 and 84 million barrels of oil equivalent, with slightly more oil than gas. Named Heisenberg, the discovery well was drilled by the Deepsea Stavanger drilling rig. Equinor is the operator, and DNO is a partner. The discovery is considered commercially interesting, partly because it can utilise existing infrastructure connected to the Troll B platform. However, an appraisal well is needed to get a more precise estimate of the size befor... more

Otto Energy finalises recompletion activities at Green Canyon well

Otto Energy Limited (ASX:OEL) has successfully finalised recompletion activities at its Green Canyon 21 'Bulleit' well in the Gulf of Mexico. The work was completed within previously advised cost estimates. The Bulleit well is to unload through a 10-mile subsea pipeline back to the host facility at Green Canyon 18, with a sustained production rate expected early in the second quarter of this year. Otto Energy Executive Chairman Mike Utsler said: “We are pleased that the GC 21 recompletion has been successfully finalized and production from both upper and lower DTR‐10 zones is expected shortly. ... more
Papua

Kumul Petroleum Holdings progresses facility to service Papua LNG

Kumul Petroleum Holdings Limited and Fabtech International, a Dubai based fabrication facility operator, have signed a management and operations agreement for a fabrication facility to be established in Port Moresby, in preparation for the construction phase of the Papua LNG and subsequent LNG and mining projects. Kumul Petroleum Holdings Limited managing director Wapu Sonk said the facility is expected to have a capacity of 20,000 tonne per year, producing steel, mechanical, piping and electrical modular packages. “It is expected to provide direct employment for 1000 skilled Papua New Guineans and in... more
Suncor Energy

Equinor acquires Suncor Energy UK, boosts its UK interests

Equinor UK Limited has signed an agreement to acquire Suncor Energy UK Limited for US$850 million. The transaction includes a non-operated interest in the producing Buzzard oil field (29.89%), an additional operated interest in the Rosebank development (40%) and Suncor employees based in the UK who work with these assets. Philippe Mathieu, executive vice president for Exploration and Production International said the transaction is in line with Equinor’s strategy of optimising its oil and gas portfolio and deepening in its core countries. “We are building on our longstanding position as a broad energy... more
North

Equinor to acquire more interest in North Sea discoveries

Equinor has signed an agreement to acquire equity interest in five discoveries in the Troll, Fram and Kvitebjørn area in the North Sea on the Norwegian continental shelf (NCS) from Wellesley Petroleum AS. Since 2019, Equinor has made seven discoveries in this area. The transaction adds to Equinor’s equity share in the following discoveries: An additional 18.8% in Grosbeak, 45% in Toppand, 40% in Atlantis and 20% in Røver Nord and Røver Sør. Kjetil Hove, executive vice president for Exploration and Production Norway said through the transaction, Equinor strengthens its position in one of the company... more
Abu Dhabi

TotalEnergies acquires CEPSA’s upstream assets in Abu Dhabi

TotalEnergies has agreed to acquire CEPSA’s upstream assets in Abu Dhabi, in the United Arab Emirates with an effective date of 1 January 2023. The assets to be acquired inlcude a 20 per cent participating interest in the Satah Al Razboot (SARB), Umm Lulu, Bin Nasher and Al Bateel (SARB and Umm Lulu) offshore concession. The SARB and Umm Lulu concession includes two major offshore fields. ADNOC holds a 60 per cent interest in this concession, alongside OMV (20%). The concession is operated by ADNOC Offshore. The deal also inlcudes a 12.88 per cent indirect interest in the Mubarraz concession held by Abu... more