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Archives for July 2023

Beach Waitsia1

Wood Wins Contracts to Deliver Emissions Reductions on Australian Gas Projects

31/07/2023 Posted by Dale

Global consulting and engineering company Wood has secured contracts with Beach Energy and Mitsui E&P Australia (MEPAU) to deliver solutions to achieve emissions reduction targets.

Wood said these strategic projects will reduce emissions intensity in line with Australia’s National Greenhouse and Energy Reporting Act, which is driving a reduction in emissions baselines1 by 4.9 percent each year before 2030.

Applying innovations in maintenance, operations and brownfield engineering, Wood is focused on reducing carbon emissions at Beach Energy’s facilities across Australia and New…

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Victoria State Parliament

APPEA: ‘Victorian Home Gas Ban Ignores Importance of Gas in Net Zero Energy Mix’

31/07/2023 Posted by Dale

The Victorian Government’s gas ban for new homes ignores the fundamentals of the energy system transformation to net zero including the importance of gas as a partner to renewables in reliable electricity generation.

The Australian Petroleum Production & Exploration Association (APPEA) today said the Government’s policy shifts the burden on to consumers, pushing households on to an already strained coal-based electricity grid and ignoring the urgent need for new local gas supply to reduce emissions and put downward pressure on prices.

…

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Northern Goldfields Interconnect Pipeline Opens, Creating Interconnected WA Gas Grid

31/07/2023 Posted by Dale

APA Group’s new Northern Goldfields Interconnect (NGI) pipeline was officially opened by Western Australia Minister for Mines and Petroleum; Energy; Hydrogen Industry and Industrial Relations, the Hon. Bill Johnston MLA.

APA said the NGI pipeline would provide greater energy security, supporting growth and transition in the Western Australia resources sector. 

The new 580-kilometre buried pipeline connects the Dampier to Bunbury Natural Gas Pipeline to the Goldfields Gas Pipeline, providing better access to existing and new natural gas production regions and gas storage…

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Shale Oil Market Likely to be Valued at US$ 6.68 Billion by 2032

24/07/2023 Posted by Dale

The shale oil market is likely to be valued at US$ 6.68 Bn by 2032, according to a new report on the Shale Oil Market released by Future Market Insights.

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China coal seam gas operation Xinhua

China’s Shanxi Province Achieves Record Unconventional Gas Production

24/07/2023 Posted by Dale

China’s state-owned news agency, Xinhua, says the production of gas in north China’s Shanxi Province increased 5.7% to 6.82 billion cubic metres in the first half of 2023, setting a new record for the major coal region.

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US LNG looks to be Headed to Asia, not Europe, as TTF prices fall, says Rystad Energy’s Gas and LNG Market Update

17/07/2023 Posted by Dale

LNG cargoes from the US are poised to shift to Asian ports as prices fall in Europe.

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EnergyQuest Releases its June 2023 Australian LNG Monthly Report

17/07/2023 Posted by Dale

In a concerning sign of the health of Australia’s electricity market, the supply/demand balance for gas depends significantly on reduced gas-fired power generation (GPG) demand and good weather.

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NextDecade RGLNG Overview

NextDecade Takes FID for First Three LNG Trains at Rio Grande LNG

17/07/2023 Posted by Dale

NextDecade has taken a final investment decision (FID) to construct the first three liquefaction trains (Phase 1) at the Company’s 27 million tonnes per annum (MTPA) Rio Grande LNG (RGLNG) export facility in Brownsville, Texas.

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Shearwater Tasman

Shearwater GeoServices to Conduct Innovative Streamer & Node Survey for OMV (Norge) AS.

17/07/2023 Posted by Dale

Shearwater has announced a new project with OMV for a pioneering towed streamer survey with Ocean Bottom Nodes over the Berling gas and condensate discovery.

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Cooper Basin Queensland

New Sunshine State APPEA Director Aims to Ensure Gas Momentum

17/07/2023 Posted by Dale

Australia’s oil and gas industry has named its new Queensland Director to ensure the state continues to share in the benefits of the gas industry on the path to net zero.

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PESA MAGAZINE – LATEST EDITION

PESA News Issue 173

Previous Editions

POPULAR POSTS

  • Shell Discovery Map WA Shell makes ‘significant’ gas discovery offshore Australia
  • APPEA CEO Samantha McCulloch Meet Samantha McCulloch, APPEA’s new CEO
  • SA announces successful applicants for acreage in Cooper and Otway Basins
  • PESA WA Winter warmer at the Museum
  • USA oil exports exceeded imports 2019 How the USA became the world’s largest crude oil exporter in 2019
  • CUE Permits NWS Ironbark exploration well delivers a disappointing duster

Norwood Resources

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PESA members please use this group to help with "social license to operate" issues.

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PESA - Petroleum Exploration Society of Australia

The Petroleum Exploration Society of Australia is a non-profit association of individuals involved in the exploration of oil and gas.

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