Archives for July 2024

The new PESA Gazette is here. I hope you enjoy it

15/07/2024 Posted by Dale

Welcome to the new news delivery format, the PESA Gazette. This new format is designed to answer the needs of the members for an easier click through email experience that does not require anything to be downloaded. Hopefully you will find the quality of the content to be unchanged.

In order for PESA to keep evolving and moving forwards in the direction our members want us to, it is important for us to know and understand who our members are, what they want, and how they would like us to achieve…

Lauren was enlightened by EAGE in Oslo

12/07/2024 Posted by Dale

PESA was one of several associations from around the world with a presence at the 85^th EAGE Conference & Exhibition held in Oslo in June, attended by WA member Lauren Found who was truly inspired.

At the conference, Lauren spoke with the EAGE board and the representatives from other international associations, exchanging stories about the range of activities that are carried out by each organisation that keep people aware of exploration activities and research through the technical programmes, as well as keeping members connected through networking event.

John Gorter, one of Perth and PESA’s most loved members, passed away on May 18 in Madagascar. Tributes to John’s life and legacy flowed instantaneously for a husband, father, geologist and friend who will be sorely missed and fondly remembered in the minds of all who knew him.

John was born in Canberra, the eldest of four children. He attended Turner Primary School and Lyneham High School. He spent three years high schools in Belgium and England, which gave him an appetite for the global village.

Former FAR Energy MD Cath Norman and associates of the once revered junior Melbourne explorer would be forgiven for feeling a touch of nostalgic envy in June as Woodside flowed first oil – as well as the first cargoes of black gold offshore Senegal - from the Sangomar field.

Instead, the reaction from afar was one of jubilation as former colleagues at the company reacted with euphoria, even though FAR was no longer part of the journey crossing the finish line celebrating the climax of an odyssey that FAR had starred…

Hive of activities keeps SA/NT as active and inspired as ever

11/07/2024 Posted by Dale

At the June technical meeting one of the long-standing members of the SA/NT
Branch, Geoff Wood received his certificate for 40 years of continuous membership from Branch President, John Kaldi – congratulations Geoff!

Geoff Wood with John Kaldi

Membership

Under the brilliant leadership of the PESA SA/NT Branch Vice President, Paul Strong, 2024 has seen
the regular monthly lunchtime meetings continue with a smorgasbord of topics which are highly
recommended for other branches and webinars.
May…

Triangle Energy strikes a chord with Canberra for CCS project to go ahead in the Perth Basin

11/07/2024 Posted by Dale

Triangle Energy has been given the green light to develop a carbon sequestration (CCS) project at the company’s WA 31-L icence area in the Perth Basin.

The company announced that the joint venture’s application for a greenhouse gas storage formation over the WA 31-L licence area had been approved by the Commonwealth Minister for Resources, Madeleine King.

The approval has triggered the sale of Triangle’s 78.75% interest in the Cliff Head project to Pilot Energy, but. until approval has been granted by the regulator, Triangle…

The Australian Government ‘might not be done’ with market intervention

10/07/2024 Posted by Dale

Australia appears to be caught between a rock and a hard place facing an ever-encroaching gas cum energy crisis. Rick Wilkinson, CEO of EnergyQuest, and a man well oiled with a wealth of data deliverables, says the Lucky Country has four options, none of which are easy, to keep the wolves off the door.

In the EnergyQuest Monthly Report for May, Wilkinson said it was well known that the east coast domestic gas market is heading towards annual supply shortfalls in 2028, with peak supply potentially running short sooner.

The Brazilian Institute of Environment and Renewable Natural Resources (IBAMA) has issued the final permit for PGS to conduct a large 4D survey over the Barracuda Caratinga fields offshore Brazil.

PGS announced the 4D contract award in December 2022 and the original project start-up was scheduled for June/July last year. To optimize vessel resources during the 2023 summer season, the Ramform Victory was reactivated and earmarked for this project. While permitting was pending she undertook a series of MultiClient programs.

Ramform Victory…

Wartsila launches world’s first large scale hydrogen ready power plant

10/07/2024 Posted by Dale

Technology group Wärtsilä has launched the world’s first large-scale, 100% hydrogen-ready engine power plant, to enable the "net-zero" power systems of tomorrow.

In a media release Wartsilis said the IEA World Energy Outlook 2023 had shown shown that hydrogen "is an essential component of our future power systems". According to the report, the pathway to reach net zero emissions by 2050 would require 17 Mt of hydrogen to be consumed by power generation in 2030, reaching 51 Mt by 2050.

Wartsilia said the deployment of…

Midnight hour to gas famine ticks one year closer and is now set to strike in 2027 as ACCC calls for ‘urgent action’

10/07/2024 Posted by Dale

A report from the Australian Competition and Consumer Commission (ACCC) has intensified warnings of looming gas shortfalls and urged governments at all levels to “focus on removing unnecessary impediments to developing new gas resources”.

Australian Energy Producers Chief Executive Samantha McCulloch reacted to the latest edition of the Gas Inquiry report and warned that governments must act urgently to fast-track new gas supply projects, with shortfalls forecast to hit in 2027, a year earlier than previously estimated.

Samantha McCulloch

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