Archives for May 2021

May 2021

PGS joins forces with JEX to flex muscles in West Cameron

22/05/2021 Posted by Dale

PGS and Joseph Exploration (JEX) have announced a technical collaboration in the West Cameron protraction area, Gulf of Mexico, USA.

Under the agreement, PGS will provide seismic data from the MultiClient 3D Flex Trend dataset for prospect development work to be undertaken by JEX. The prospect development work will benefit from collaboration between PGS processing and imaging experts and the JEX technical team.

The study area in West Cameron is a subset of the PGS Flex Trend dataset which was acquired between 1993 and 1999 comprising of 21 individual surveys and covering 32,930km² across the US shelf and shelf break.

Oil & Gas in the act of ARENA and fact of IEA

22/05/2021 Posted by Dale

The voice of Australia’s oil and gas industry has described changes to the ARENA (Australian Renewable Energy Agency) Act -- which came into effect recently – as an enabler for Australia to reach net zero emissions targets.

APPEA Chief Executive Andrew McConville said expanding the focus of ARENA to include a broader range of emissions reduction technologies, including Carbon Capture and Storage and hydrogen, is the right move for a clean energy future.

“Just as government investment in renewables has fast tracked projects, this will do the same and create thousands of jobs in the process,” Mr McConville said.

“The global oil and gas industry is leading the world in the practical deployment of this technology.

Viable refining sector important to sovereign capacity

18/05/2021 Posted by Dale

The announcement by the Morrison Government to help secure the country’s refining sector is an appropriate response to a challenging long-term issue, says Australia’s peak employer group for the resources and energy industry.

“As the country continues its COVID-19 recovery, the government’s fuel security package gives certainty to key industries and employers reliant on fuels for day-to-day operations,” Steve Knott AM, Chief Executive of Australian Resources and Energy Group AMMA, said.

“Ensuring Australia has a strong local refining sector and capacity for sovereign fuel production is a matter of economic and national security.

Asia to spearhead global pipeline additions

17/05/2021 Posted by Dale

Asia is expected to drive the global planned and announced trunk/transmission pipeline length additions, contributing about 36% of the oil and gas pipeline length additions by 2025, says data and analytics company, GlobalData.

GlobalData’s report, ‘Global Length and Capital Expenditure Outlook for Oil and Gas Pipelines, 2021–2025 - India and the US Lead Global Pipelines Growth’, reveals that Asia is likely to have a new-build oil and gas pipeline length of 46,653km by 2025. Planned projects that have received approvals for development account for about 82% of the total pipeline additions. The remaining 8,451km are from early stage announced projects.

Natural gas future in ASEAN power sector

17/05/2021 Posted by Dale

The development of electricity markets in the Association of Southeast Asia Nations (ASEAN) is in a dynamic stage, both for demand and supply. Countries are continuing their path towards increasing level of electrification, while the region’s power industry and policymakers intend to improve the environmental sustainability of the sector in the context of strengthening clean air policies. Mitigating reliance on coal through the diversification of energy sources for electricity generation is becoming an important trend, which paves the way for higher natural gas penetration and scaling-up of renewables.

This is the view of Dr Alexander Ermakov, Economy...

Shearwater awarded large 3D and 4D programs by Petrobras

17/05/2021 Posted by Dale

Shearwater GeoServices has been awarded a 4D monitoring contract for towed streamer seismic acquisition in the Campos Basin offshore Brazil.

The 3D and 4D programs will be conducted over 9-months by the SW Empress, over the Marlim, Albacora, and Voador fields, starting late in the second quarter of 2021, Shearwater said.

4D time-lapse seismic monitoring is a key reservoir management tool and Shearwater described itself as a “technology and market leader in 4D towed streamer and ocean bottom seismic acquisition”.

“Brazil has one of the most advanced programs of deepwater 4D seismic monitoring for reservoir management.

CSIRO signs on for DUG McCloud

17/05/2021 Posted by Dale

High-performance computing technology company DUG Technology has signed an agreement with CSIRO Information Management and Technology to provide high-performance computing and storage using DUG McCloud.

In addition, under a separate agreement, DUG will also provide CSIRO with support, training and enablement utilising DUG’s team of HPC specialists, assisting CSIRO to maximise success on DUG McCloud.

The HPC and storage agreement is for a term of 24 months with an anticipated revenue of approximately AU$700,000 (ex GST). The agreement for HPC training, support and enablement is for a term of 15 months with an anticipated revenue of approximately AU$555,000 (ex GST).

Santos endorses interim National Gas Infrastructure Plan

11/05/2021 Posted by Dale

Santos has welcomed the Federal Government’s release of the interim National Gas Infrastructure Plan.

Santos Chief Executive Officer and Managing Director Kevin Gallagher said the Plan is based on an open, competitive market approach and encourages investment in new local supply and infrastructure, which is the best way to put downward pressure on east coast domestic gas prices.

“The best thing the government could do to get gas prices down on the east coast is to remove barriers to investment and promote private investment in new gas supply sources and pipelines through stable energy and fiscal policy,” Mr Gallagher said.

Energy Networks welcomes hydrogen boost

10/05/2021 Posted by Dale

Energy Networks Australia (ENA) has welcomed the Morrison Government’s funding commitment that will see three large scale hydrogen plants built in Western Australia and Victoria.

ENA Chief Executive Officer Andrew Dillon said the funding boost showed the federal government’s commitment to a clean energy future in Australia.

“New energy sources such as hydrogen need to be deployed if Australia is to reach net zero emissions and investing in these technologies is a step towards achieving that goal,” he said.

“Investment in Australia’s emerging hydrogen industry is vital to continue the work transitioning to a clean energy future.

Poll reveals Australians can’t live without oil and gas … or related products

10/05/2021 Posted by Dale

New polling of more than a 1000 Australians has shown that Hand Sanitiser was seen as the most vital product during COVID 19 with computers second.

The polling also showed that clothing was the number one product Australians can’t do without in their everyday lives.

Spokesperson for Brighter with Natural Gas and renowned consumer advocate Christopher Zinn said both products wouldn’t exist without the oil and gas industry.

“When most of us think of the oil and gas industry we focus on fuel for the car or gas to heat your home but it does so much more,” Mr Zinn said.