The urgent need for new gas supply has been laid bare in an independent report warning of a “material risk” to Australia’s power supplies because of future gas shortfalls and a lack of investment in gas generation.
Archives for August 2023
PGS-TGS-SLB Consortium Secures Pre-Funding to Seismic Coverage in the Sarawak Basin
The survey will cover approximately 5,300km² for which the Ramform Sovereign is currently mobilizing with completion of acquisition expected late November.
Tamboran Intersects 90-metres High quality Mid Velkerri B Shale in the Beetaloo
Tamboran Resources has announced two major milestones as the Shenandoah South 1H (SS1H) well in EP 117 reached a Total Depth (TD) of 3,300 metres, intersecting approximately 90 metres of high quality Mid Velkerri B Shale with strong dry gas shows.
Sercel Launches MetaBlue: A Data-driven Marine Seismic Survey Management Solution
Sercel has announced the launch of MetaBlue, which it describes as a ‘ground-breaking data-driven solution for marine seismic survey planning and management’.
US Shale Reinvestment Rates Hit three-year High Amid Inflation and Muted Oil Prices
The reinvestment rate of US shale oil producers hit its highest level in three years in the second quarter of 2023, but the recent trajectory will not last, according to Rystad Energy research.
PGS Gets Contract Award amid Ramform Victory Scheduling Reshuffle
PGS has been awarded a 3D exploration acquisition contract offshore Africa and said a Ramform Titan Class vessel was expected to mobilize for the 4-5 month survey in the fourth quarter.
Tamboran Raises East Coast LOIs Stake to 600 – 875 TJ Per Day
TAMBORIN has upped the ante in its commitment to East Coast Gas supplies by signing non-binding Letters of Intent for an additional 90-125TJ per day (33-45 PJ per annum) with Alinta Energy and ENGIE.
New Report Accelerates Australia’s Hydrogen Powered Transport Future
A new report by CSIRO, Australia’s national science agency, and GHD Advisory calls for Australia to focus on hydrogen-powered transport – alongside electric vehicles – or risk being left behind our international counterparts.
North America to Dominate Global LNG Additions Through 2027, says GlobalData
North America will continue to dominate global LNG growth, contributing about 60% of total capacity additions between 2023 and 2027, according to data and analytics company GlobalData.
GlobalData’s latest report, ‘LNG Liquefaction Terminals Capacity and Capital Expenditure (CapEx) Forecast by Region, Key Countries, Companies and Projects (New Build, Expansion, Planned and Announced), 2023-2027’, reveals that North America is expected to witness the highest capacity additions globally, by gaining a total capacity of 284.1 mtpa (million tonnes per annum) from new build and expansion projects during the outlook period.
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APA Signs Agreement to Expedite Empire Energy’s Beetaloo Basin assets
APA Group has signed an initial agreement with Empire Energy to progress development of the explorer’s Carpentaria pilot project, which to connect prolific gas acreage in the Beetaloo Basin to the existing McArthur River Mine Pipeline.