Archives for December 2023

Developing Seismic Energy and Emission Reporting Standard

27/12/2023 Posted by Dale

Shearwater, PGS and DNV launched a new Joint Industry Project (JIP) in August 2023 with the ambition of defining Key Performance Indicators (KPIs) for energy and emission reporting for the Seismic sector.

The JIP aims to establish a standardized reporting framework based on currently gathered data and operating modes enabled by the DNV reporting tool. In 2023 the basis for work has been carried out mapping needs and available information and getting ready for data tests.

The work is expected to be concluded in…

Notification of Airborne Gravity Survey Operations in Victoria

21/12/2023 Posted by Dale

The 2024 airborne gravity survey across southern and eastern Victoria is about to recommence operations over the Gippsland and Hume regions including offshore, having previously completed survey areas in the Colac-Otway, Gippsland and Hume regions.The airborne survey is being collaboratively organised through Surveyor-General Victoria within the Department of Transport and Planning (DTP), Geological Survey of Victoria within the Department of Energy, Environment and Climate Action (DEECA) and Geoscience Australia (Commonwealth Government).

The objective of the project is to collect consistent and evenly distributed gravity measurements. The new gravity data will significantly…

India ranks second in LNG regasification capacity additions in Asia through 2027, forecasts GlobalData

21/12/2023 Posted by Dale

India is set to register the second highest LNG regasification capacity additions in Asia between 2023 and 2027, accounting for about 22% of the region’s total capacity additions by 2027, forecasts data and analytics company GlobalData.

Global Gas Hubs Still Seeing Red Despite Red Sea Attacks

21/12/2023 Posted by Dale

Red Sea tensions could significantly impact Europe’s LNG deliveries, but a TTF price jump was short-lived as fundamentals keep gas prices muted.

Tamboran Making Progress on Key Pipeline Agreements with APA Group

19/12/2023 Posted by Dale

In an update to the market, Tamboran Resources Managing Director and CEO, Joel Riddle, said he was “excited" to progress a June 2023 Letter Agreement with APA Group into binding early development and partnership agreements that support the development of Tamboran’s Beetaloo Basin assets in the Northern Territory.

Gas sector Delivers Supply as ACCC Issues Wake-Up Call For Governments

17/12/2023 Posted by Dale

Australia’s gas industry has fulfilled its commitment to the domestic market as the Australian Competition & Consumer Commission (ACCC) again warns governments of the need for new gas supply to avoid east coast shortfalls in coming years.

Oil and Gas Industry Thanks Outgoing WA Minister Bill Johnson

11/12/2023 Posted by Dale

Western Australia’s oil and gas sector has thanked outgoing Minister for Mines and Petroleum; Energy; Hydrogen Industry; Industrial Relations Bill Johnston MLA, for his strong support and commitment to the industry.

Ready for the Downhill Run?

11/12/2023 Posted by Dale

For the past nine calendar years, every year, Australia has seen a new production record, but the streak will end in 2023, and it’s unlikely we will see another record.