Archives for February 2019

Leigh Creek Energy operations breakthrough unlocks huge reserve

26/02/2019 Posted by Dale

Leigh Creek Energy (LCK) has extracted commercial quantities of synthetic gas (Syngas) at its former Leigh Creek coal mine site for the first time. In a development touted as a “boon for the South Australia”, Leigh Creek said the milestone achievement provides the company with the data and evidence it needs to have a portion of its ‘resource’ gas deposit just north of Leigh Creek in the state’s far north, upgraded to gas ‘reserve’ status. “The upgraded status will enable the company to access SA’s largest gas resource for commercial development outside the Cooper Basin. “The production success also makes…

Senex achieves Roma North construction milestones

26/02/2019 Posted by Dale

Senex Energy has achieved major construction milestones at the company’s Roma North natural gas development in south-west Queensland. Roma North is part of Senex’s Western Surat Gas Project and is about 30km north-east of Roma. The development involves construction of a natural gas processing facility and a 5.2km steel pipeline to transport gas to the customer, Santos GLNG. Construction of the gas processing facility is quickly taking shape. Civil works are complete and four gas compressors, each weighing up to 40 tonnes, were delivered and lifted into position in the past few days. More than 520 steel piles have been…

Australia’s newest major natural gas pipeline commissioned ahead of schedule

26/02/2019 Posted by Dale

Australia's newest major natural gas pipeline project - built by the Australian Gas Infrastructure Group (AGIG) to deliver gas to fuel the power stations at Newmont Mining Corporation's Tanami gold mine in the Northern Territory - has been commissioned ahead of schedule. AGIG's Chief Customer Officer, Mr Andrew Staniford, announced that the NT Government had granted the milestone final consent for AGIG to operate the pipeline and for Newmont to take gas for its Tanami mining operations. "We have now commissioned the pipeline and gas is already flowing into Newmont's Tanami mine site," he said today. Mr Staniford said the…

‘HEADWINDS LOOM FOR QUEENSLAND’s A$84b LNG SECTOR’

26/02/2019 Posted by Dale

Queensland faces the partial shut-down of a third of its barely decade-old $84 billion LNG industry by the middle of next decade due to a gas supply shortage, together with diversions to the domestic market. This would cut output to four LNG production trains from the current six trains built on Curtis Island off Gladstone by three project owners. Underpinning the production noose is an emerging forward reliance for feedstock on gas reserve estimates that could fall well below delivery expectations, according to a new report by EnergyQuest. All three projects rely on coal seam gas (CSG) sourced from the…

Shell leads capex spend on new global oil and gas projects

19/02/2019 Posted by Dale

A total new-build capital expenditure (capex) of US$846bn is expected to be spent globally on planned and announced upstream projects from 2019 to 2025. Royal Dutch Shell Plc leads among all oil and gas companies and is expected to spend US$54.6bn on upcoming upstream projects during the forecast period, according to data and analytics company, GlobalData. The company’s report reveals that Gazprom and Exxon Mobil Corp are the next top spenders with new-build capex of US$49.8 billion and US$43 billion, respectively. Soorya Tejomoortula, Oil & Gas Analyst at GlobalData, comments: “Shell has spread its new-build capex for the development of…

‘Bipartisan support will help resources sector dig deeper’

19/02/2019 Posted by Dale

The peak body for Australia’s 8,000 geoscientists — the Australian Geoscience Council (AGC) — has strongly welcomed commitments from both the Coalition Government and Australian Labor Party to boost support for the exploration of ‘next generation’ hidden mineral deposits in Australia. “While Australia is endowed with significant mineral resources and the resources sector contributes massively to our economy, the ‘easy to find’ minerals of past decades have largely been discovered and exploited” AGC President, Dr Bill Shaw, said. “There is now a need to explore much deeper underground for the nation’s new ‘hidden’ mineral fields.” “Bipartisan support is crucial to…

‘National Resources Statement outlines a blueprint for success’

18/02/2019 Posted by Dale

The oil and gas industry has welcomed the release of the National Resources Statement, the first since February 1998. The vital contribution the resources sector makes to Australia, particularly in the regional areas that host development, is highlighted in the Statement. APPEA Chief Executive Dr Malcolm Roberts congratulated Minister for Resources Matt Canavan for taking the initiative to develop this statement and encourage a bi‑partisan and long‑term policy approach for Australia’s important resources sector. “For its part, the oil and gas industry, a key part of the broader resources sector, has invested around $300 billion in oil and gas projects…

Searcher completes Airborne Geophysical Survey in Papua New Guinea

18/02/2019 Posted by Dale

Searcher Seismic has announced completion of the regional multi-client airborne gravity, gravity-gradiometry and magnetics survey covering the transition zone of the Gulf of Papua. The Roho Airborne Gravity, Gravity-Gradiometry and Magnetic Survey covers approximately 60,700 square kilometres (~52,700line km) along the southern coast of PNG. The survey compliments several marine seismic and geochemical projects recently completed by Searcher aimed at assessing the hydrocarbon potential of the Gulf of Papua and adjacent Coral Sea areas, offshore PNG. The data were acquired with a 1km line spacing in the northern Gulf of Papua, and 2km line spacing extending along the coastline to…

Maiden gas reserves for Po Valley’s Selva field

12/02/2019 Posted by Dale

Australia’s Po Valley Energy Limited has announced maiden gas reserves for its majority-owned onshore Selva Malvezzi field, northeast of Bologna in northern Italy. The maiden gross 2P reserves for Selva of 13.3 were prepared by CGG, from previously reported gross contingent resources (“2C”) but also includes results from new drilling on the field early last year (Podere Maiar 1 well). The milestone estimate announced delivers 8.38 bcf of net 2P reserves attributable to Po Valley and represents the company’s first reserves for this gas field. In addition to the Selva reserves, the Production Concession area contains on a best estimate…

CGG and TGS announce Greater Castberg Survey in Barents Sea

11/02/2019 Posted by Dale

CGG and TGS have announced the Greater Castberg TopSeis™ survey in the Barents Sea. The survey is 5,000 sq km, and will be acquired and processed with the latest developments of CGG’s TopSeis acquisition and imaging technology. The survey will include the highly prospective Castberg area, and cover existing and newly awarded licenses in addition to open acreage with several play models in multiple geological layers. The acquisition is expected to commence late Q2 2019 with final delivery to clients in Q4 2020. The project is supported by industry funding. Kristian Johansen, CEO, TGS, said: “Greater Castberg will expand the…