Archives for December 2019

December 2019

Gas lauded for jobs and energy creation in Queensland

10/12/2019 Posted by Dale

Queensland natural gas is fuelling Queensland energy and Queensland manufacturing jobs in a national first.

Senex Energy’s Project Atlas has delivered its first gas to its first customer, state-owned power generator CleanCo, and will follow within weeks to building products maker CSR, which has three south-east Queensland manufacturing plants.

Mines and Energy Minister Dr Anthony Lynham said the energy and resources milestone was underpinning manufacturing jobs and businesses and the state’s reliable, lower-cost electricity supply.

Polarcus starts seismic survey in the Petrel field

10/12/2019 Posted by Dale

The first significant investment in the Petrel field in five years has begun in the Bonaparte Basin with Polarcus commencing a 3D seismic survey in the area on behalf of Neptune Energy.

Neptune said the survey would expand the area of seismic data the company holds and significantly increase the quality and breadth of data, for the company and its partners in the Petrel JV to plan a path forward.

Neptune Energy Australia Managing Director, Janet Hann, said: “The Bonaparte Basin presents exciting growth opportunities for Neptune, and Petrel may play a significant role in our future aspirations for the area.

Petrosys acquires GLOBE Claritas™ seismic processing software from GNS Science

03/12/2019 Posted by Dale

Petrosys has announced the acquisition of GLOBE Claritas™ seismic processing software from GNS Science in New Zealand.

GLOBE Claritas said the backing of Petrosys “will open up a new phase of growth for GLOBE Claritas™, allowing stronger penetration of geographical markets and providing access to a broader shared global client list and geographic outreach focused on the resources industry.

“Our corporate ethos of allowing acquired companies to retain their individual brand strengths and culture will ensure that GLOBE Claritas™ remains a respected, trusted, independent and responsive provider for seismic processing and data management software.

Empire capital raising strikes a chord for Betaloo Basin exploration

03/12/2019 Posted by Dale

Empire Energy has raised $12 million to advance exploration programmes in the company’s 100% owned EP187 tenement in the Betaloo Basin, Northern Territory.

Funds derived from the placement to institutional and sophisticated investors are set to unlock the Northern Territory’s first exploration targeting the Velkerri Shale.

At present 2D seismic data acquired in EP187 is being processed and interpreted to determine final locations for exploration drilling, which is scheduled to commence in the dry season next year, subject to regulatory approvals.

Empire Managing Director Alex Underwood said the successful capital had empowered Empire to build the value of its shale properties in the Beetaloo and McArthur Basins through disciplined exploration investment.

Australia LNG exports ‘will lower’ emissions in importing countries

03/12/2019 Posted by Dale

As delegates gather in Madrid for the 25th annual United Nations Climate Change Conference, the latest government estimate released with the June 2019 Quarterly Update of Australia’s National Greenhouse Gas Inventory confirms the importance of Australia’s liquefied natural gas (LNG) exports for reducing global greenhouse gas emissions.

“It’s important to recognise the global appetite for energy is growing, with more than 1.1 billion people lacking access to electricity. Substituting LNG for more emissions-intensive fuels allows importing countries to satisfy growing demand while reducing emissions,” said APPEA Chief Executive Andrew McConville.

“Australia’s LNG projects will deliver decades of economic growth, jobs and exports as well as strong regional and global environmental benefits.