Archives for October 2019

Norway tops oil and gas discoveries in Q3

28/10/2019 Posted by Dale

Of the 38 global oil and gas discoveries made in the third quarter of 2019, six were located in Norway, according to analytics and data company, GlobalData.

This was followed by Colombia with five discoveries, Egypt and Trinidad with four each and Guyana and the United Arab Emirates (UAE) with three each.

The company’s latest report, Q3 2019 Global Oil and Gas Discoveries Review – South America and Europe Dominate with Highest Number of Discoveries in Quarter, notes that 21 of the discoveries made in the…

Searcher Seismic Northern Basins Press Release

Searcher completes Northern Basins Prospectivity Study in PNG

28/10/2019 Posted by Dale

Searcher Seismic has announced the expansion of its modern offshore data library with the completion of its Northern Basins Prospectivity Study in Papua New Guinea.

Searcher, in conjunction with Discover Geoscience, has compiled the Northern Basins Prospectivity Study following its successful acquisition of the Solomon Sea Broadband Non-Exclusive 2D seismic survey in 2017.

Searcher said the study offers the industry a detailed understanding of the basins and hydrocarbon potential of the region, with extensive coverage of the Cape Vogel, Bougainville and New Ireland Basins.

The natural gas industry contributed around $55 billion to Queensland’s economy over a seven-year period, according to a new report released recently by Lawrence Consulting.

In reaction to the findings, APPEA said the report underlines the importance of the sector for jobs and economic wealth creation for the state, particularly in regional areas such as Gladstone, Toowoomba, Roma, Chinchilla and Dalby and highlights that Brisbane is the state’s biggest gas town and relies on the industry for jobs and spending.

Almost $5 billion was spent…

Beharra Springs into life with a gas discovery

28/10/2019 Posted by Dale

BEACH Energy has reported a new gas discovery at the Beharra Springs Deep-1 well in the Perth Basin and told the ASX that it had delivered a net gas pay of 36 metres across the Kingia sandstone.

Beach, operator and 50% interest holder in the licence with Mitsui E&P holding the balance, said the Kingia Sandstone reservoir was comparable to Waitsia-4 and preliminary interpretation had indicated reservoir porosities of up to 21%.

Wireline activities are continuing, after which the well is expected to be completed…

Chevron, Total win blocks offshore Brazil

15/10/2019 Posted by Dale

Chevron and Total have been awarded blocks offshore Brazil in the country’s 16th bidding round.

The US supermajor and its partners, Wintershall Dea and Repsol, picked up acreage in the Santos and Campos basins comprising blocks S-M-766 and C-M-845, which contain pre-salt targets and a work program intended to conduct 3D seismic acquisition and prospect maturation.

French Total and co-venturers Qatar Petroleum and Petronas won the C-M-541 deep offshore block in the Campos Basin, which sits in water depths of 3000m. Total is the operator…

Bunbury Energy takes off with South-West aerial survey

15/10/2019 Posted by Dale

Bunbury Energy has commenced a three-day aerial survey spanning 675km2 of the South West.

CGG Aviation will fly a light aircraft about 500 feet above the exploration area to assess subsurface geology in a project across the Shires of Capel, Dardanup and Donnybrook-Balingup and parts of Bunbury and Busselton.

This fulfils a long-standing aim of Bunbury Energy to investigate acreage in the South Perth Basin to reprocess data previously gathered in the 1950s and ‘60s with newer technologies.

Exploration…

New domestic gas supplies in the pipeline for North Queensland

14/10/2019 Posted by Dale

Blue Energy has signed a non-binding MOU with North Queensland Gas Pipeline No.1 Pty Ltd and North Queensland Gas Pipeline No. 2 Pty Ltd (together referred to as NQGP) to facilitate bringing new domestic gas supplies into the strong Townsville market.

NQGP is North Queensland’s only source of natural gas. The 391km onshore natural gas pipeline system transports gas from the existing Moranbah Gas Project in the Bowen Basin to power and industrial users in Townsville, Queensland.

Blue Energy said that as part of the…

Santos-ConocoPhillips’ $2.2 billion deal underpins a ‘bright gas future’

14/10/2019 Posted by Dale

Santos has snapped up a big basket of onshore and offshore ConocoPhillips assets in a $2.2 billion deal motivated by the Adelaide-headquartered oil and gas company’s big vision for future gas demand in Australia.

“We see a big future for gas,” Santos CEO Kevin Gallagher said as details of the purchase emerged.

“Through to 2040 it is the fastest-growing energy source and that’s why there’s such demand for our product across Asia.”

ConocoPhillips and Santos already have a long-standing…

PGS welcomes a bumper northern hemisphere winter

07/10/2019 Posted by Dale

PGS says it is fully-booked for seven vessels in the fourth quarter of 2019. PGS has now committed to a MultiClient program in West Africa for the eighth active vessel. The program is expected to last more than 100 days and has strong industry funding. PGS said: “As a consequence, PGS will operate all eight active vessels also over the winter period and Sanco Swift has commenced transit from Norway to West Africa. “PGS experiences a significant increase of project activity compared to the same period last year and indications of emerging supply side constraints even over the winter season,…

Project Atlas natural gas pipeline completed

07/10/2019 Posted by Dale

Senex Energy Ltd has celebrated notification from Jemena that it has completed the Project Atlas natural gas pipeline. In June 2018 Senex partnered with energy infrastructure provider Jemena to build, own and operate a 15 petajoule per annum (40 TJ/day) gas processing facility and 60km buried pipeline to the Wallumbilla Hub. Senex said Jemena has now reached mechanical completion of the pipeline, less than three months since construction began in July. Construction of the Project Atlas gas processing facility is ongoing, with commissioning of the facility and pipeline to begin soon. Senex and Jemena continue to achieve all stated milestones…