Archives for May 2020

May 2020

Blue Energy urges action to stave off East Coast gas shortage

04/05/2020 Posted by Dale

Debt-free Blue Energy has urged the state of Queensland and the Federal Government -- in spite of COVID-related upheavals and oil price haemorrhaging -- not to lose sight of an impending domestic gas shortage in 2023 and the urgency of infrastructure projects to stave off this famine.

Blue Management said it has been in active discussions with representatives of both Federal and State Governments to highlight the need for national energy infrastructure projects to ensure timely and reliable delivery of energy to domestic East Coast manufacturers and gas users.

“This is in light of the projected long-term East Coast domestic gas shortfall commencing in 2023, as identified by the latest AEMO GSOO March 2020 report.

Polarcus wins Asia Pacific survey

04/05/2020 Posted by Dale

Oslo-listed marine seismic services company Polarcus has signed a contract for a survey in the Asia Pacific region, the Oslo-listed marine seismic services company announcing that the deal is for an XArray marine seismic acquisition project.

As per custom, Polarcus did not disclose the identity of the client nor any financial value associated with the deal.

Polarcus said the survey would start in June this year and would last for approximately one month. The company did not reveal which vessel would be deployed for the project.

The latest award comes at a precarious time for offshore seismic contractors which were recently flagged by Norway’s Rystad Energy as the most vulnerable in the oil and gas supply chain due to the fallout of historically low oil prices and the COVID-19 crisis.

Melbana seeks new partners for Beehive

04/05/2020 Posted by Dale

Melbana Energy is back in the hunt for new suitors to partner its aspirations for WA-488-P offshore northern Australia after Santos’ option to farm into the prospect lapsed.

Containing the potentially significant Beehive prospect, the permit is located in the Bonaparte Gulf in some coveted real estate between Blacktip, a producing gas field, and the Turtle and Barnett oil discoveries, which are undeveloped.

The permit carries an obligation to drill an exploration well by December this year and Melbana said its data room had been piqued by results from a 3D seismic survey and work conducted on rig selection and well permitting.