Projects

  • QPM launches drilling operations for Teviot Brook South wells

    PROJECTS

    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 ... more

  • QPM announces 38 per cent increase in Moranbah Project Reserves

    PROJECTS

    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 ce... more

  • Tamboran signs major gas supply agreement with NT government

    PROJECTS

    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 pro... more

  • TotalEnergies to strengthen gas portfolio in Malaysia

    PROJECTS

    TotalEnergies to strengthen gas portfolio in Malaysia

    TotalEnergies has reached an agreement with Sapura Upstream Assets Sdn Bhd (SUA) to acquire its 50 per cent interest in Malaysian gas producer SapuraOMV Upstream Sdn (SapuraOMV) for $530 million. This deal, ... more

  • QPM launches drilling operations for Teviot Brook South wells
  • QPM announces 38 per cent increase in Moranbah Project reserves
  • Tamboran signs major gas supply agreement with NT government
  • TotalEnergies to strengthen gas portfolio in Malaysia

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 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 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

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

APA and Santos to explore development of CCS pipelines

APA Group has signed a Memorandum of Understanding (MoU) with Santos to explore the development of potential carbon capture and storage (CCS) pipelines for their Moomba CCS facility. The scope of the MoU is to assess the potential to unlock decarbonisation opportunities by connecting heavy CO2 emitters as well as CO2 import locations to the Santos operated CCS facility in Moomba, South Australia via CCS pipelines. The partnership will include an assessment of CCS pipeline routes from key emission sources in Gladstone, Port Bonython, and Greater Sydney to the Moomba CCS facility in the Cooper Basin. Thes... more

Galilee Energy signs MoU for gas supply and development of hydrogen facility

Galilee Energy (ASX:GLL) has executed a non-binding Memorandum of Understanding with Queensland Government-owned Energy Queensland Limited (EQL) for the supply of natural gas and to progress the development of a hydrogen facility in the state’s central west. The terms of the non-binding MoU provide a framework for Galilee and EQL to progress preliminary discussions for the supply of natural gas to the Barcaldine Power Station, in addition to collaborating on the development of a hydrogen facility at the site. Galilee Energy's Glenaras Gas Project is one of the largest uncontracted gas resources in easter... more

Report claims effects of Beetaloo project are underestimated

An analysis of the projected carbon emissions from the Northern Territory's (NT) proposed Beetaloo Basin gas project, and proposed processing at the Middle Arm gas hub, claims they've been underestimated, as have the availability of offsets to deal with them. The findings made by researchers at Climate Analytics call into question a key claim from the NT government, with federal support, that there would be "no net increase in life cycle greenhouse gas emissions emitted in Australia from any onshore shale gas produced in NT". The analysis also calls into question findings in an earlier report from the CSIR... more

Construction starts on Taiwan’s largest LNG storage tanks

Taiwan’s largest LNG storage tanks project has broken ground with the commencement of the construction of the CPC Taichung Phase III LNG import terminal in Taichung. To meet increasing demand for natural gas and to enhance the stability of natural gas supplies in Taiwan, CPC is expanding its facility to include two full containment tanks and associated regasification facilities. CPC is leading the way for Taiwan in meeting the country’s clean energy aspirations by rapidly expanding the country’s LNG import terminals to support the move from coal to natural gas as their primary transitional source of ... more

Equinor’s Hywind Tampen wind turbine installation delayed

The seven first turbines at Equinor's 88 MW floating wind power project, the Hywind Tampen, will come on stream this year as planned. The final four will be installed next spring. Supply chain bottlenecks, most notably related to the global market for steel, has delayed delivery of the final four tower sections for the wind turbines until September 2022. This will be too late in relation to the installation weather window for the year, postponing installation of the remaining four turbines until next year. “Seven turbines have been assembled and four are now installed on the field. The plan is to start ... more

Shell to start building Europe’s largest renewable hydrogen plant

Shell Nederland B.V. and Shell Overseas Investments B.V., subsidiaries of Shell plc, have taken the final investment decision to build Holland Hydrogen I, which will be Europe’s largest renewable hydrogen plant once operational in 2025. The 200MW electrolyser will be constructed on the Tweede Maasvlakte in the port of Rotterdam and will produce up to 60,000 kilograms of renewable hydrogen per day. The renewable power for the electrolyser will come from the offshore wind farm Hollandse Kust (noord), which is partly owned by Shell. The renewable hydrogen produced will supply the Shell Energy and Chemica... more

Equinor transfers operatorship for Gulf of Mexico field to Shell

Equinor has agreed to sell 51 per cent of its interest in the North Platte deep water development project in the US Gulf of Mexico to Shell. Equinor will retain 49 per cent interest in the project, and Shell will become the new operator of the field. To reflect this change, Equinor and Shell have agreed to rename the North Platte development to the Sparta development. Sparta straddles four blocks of the Garden Banks area, 275 kilometres off the coast of Louisiana in approximately 1,300 metres of water depth. Front-end engineering and design (FEED) has been matured for the project. Equinor and Shell will no... more

Equinor and Fluxys launch decarbonisation solution in Europe

Fluxys and Equinor have agreed to develop a major infrastructure project for transporting captured CO2 from emitters to storage sites in the North Sea, connecting Belgium to Norway. The project is in the feasibility stage, with an investment decision expected by 2025. Carbon capture, transport and storage (CCS) is essential for achieving significant CO2 emission reductions. This project offers the North-West European market a robust and flexible solution for large-scale decarbonisation. The project includes a 1,000 km CO2 export trunkline operated by Equinor which will transport CO2 for safe and permanent ... more

Chevron’s North American assets achieve top environmental scores

Chevron Corporation’s North American upstream assets have earned Project Canary’s highest ratings on operational and environmental performance. The analysis was conducted on Chevron’s assets in Texas and Colorado. As a result of the certification process, 82 wells achieved ‘Platinum’ status and three wells received ‘Gold’ status, Project Canary’s highest ratings and confirmation of Chevron’s industry-leading practices, including continuous monitoring. Chevron plans to market responsibly sourced gas (RSG) from the certified assets in the second half of 2022. Steve Green, president, Chevron... more

AXP energy boosts production with low-cost well re-completion in the US

ASX-listed AXP Energy Limited has seen material production gains from a low-cost well re-completion of a single well in the Illinois Basin. The well re-completion for DPI-2605 has added considerably to gross daily production with the well now steadily flowing about 50 barrels of oil and 300 thousand cubic feet of gas per day. This represents a significant boost to AXP’s oil production which averaged 307 barrels of oil a day in April and 351 in May. After well re-completion, the well initially flowed naturally at 310 barrels and one million cubic feet of gas (intermittently) a day, achieving a maximu... more