Oil and gas technology company Pivotree has built and tested a full-scale prototype of its Australia made integrated subsea production tree and vessel mooring system.

Inventor and Pivotree Managing Director Chris Merrick said the PivotreeTM technology has the potential to revolutionise offshore energy development, making previously marginal and stranded oil and gas fields both profitable and sustainable.

Designed and built in Perth, Western Australia, the 44-tonne full-scale prototype combines traditional subsea tree technology with several new elements that allow it to swivel, providing 360-degree mooring capability for offtake vessels.

“In combination, the Pivotree and FPSO represent a fully functional and self-sustaining field development concept that requires no additional infrastructure such as spread moorings, platforms, flowlines, pipelines and manifolds,” Mr Merrick said.

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Fluenta, a company focused on developing ultrasonic sensing technology to measure flare gas, has appointed Pioneer Industrial as a exclusive Channel Partner.

Fluenta said that With new Bureau of Land Management (BLM) regulations set to come into force before the end of this year, its flare gas measurement solutions would offer a vital piece of the jigsaw in ensuring compliance.

“The launch of MethaneSat earlier this year, alongside an increased focus on flare emissions, is shining a spotlight on operators around the world.

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InCapture has been  awarded Greenhouse Gas Assessment Permit G-15-AP, strategically situated on the North West Shelf. “setting the stage for innovative carbon capture and storage (CCS) solutions that promise to transform the region's approach to managing industrial emissions.”

The southern part of the G-15-AP permit area lies only 120km from the major industrial ports of Dampier and Port Hedland. Spanning an area of over 6,500km²,

InCapture said the assessment permit’s prime location “offers potential for long-term, safe, and secure greenhouse gas storage.

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Beach Energy Limited (ASX: BPT, Beach) has announced its FY24 full year results which revealed a robust revenue delivery, albeit off lower production rates, putting the company in a strong financial position in a a year characterised by major project delivery.

Managing Director and Chief Executive Officer Brett Woods said "Production of 18.2 MMboe was 7% below the prior year from lower customer nominations in the Otway Basin, weather events in the Cooper Basin and natural field decline. Despite lower production, sales volumes were up 3% to 21.3 MMboe and revenue up 9% to $1.

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The Australian Government will not activate the Australian Domestic Gas Security Mechanism (ADGSM) for the October to December 2024 quarter.

The minister’s decision was revealed in the Australian Competition and Consumer Commission’s (ACCC) June 2024 interim gas inquiry report, which said there was sufficient gas across the east coast to meet domestic demand from October to December 2024.

The Government is optimistic that even if LNG producers exported all of their uncontracted gas, there would be enough gas to meet demand in the east coast in the final quarter of 2014.

In the event of a local gas supply emergency, the Australian Energy Market Operator’s (AEMO) has powers allowing it to step in and intervene by redirecting gas flows.

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Six companies have been awarded exploration licences by the Norwegian Energy Ministry to store CO₂  in four areas in the North Sea.

This comes after applications were reviewed from eight companies after the acreage was opened in March 2024.

The successful bidders are Aker BP, Equinor, Lime Petroleum, OMV (Norge), PGNiG Upstream Norway and Vår Energi.

It is the sixth time the Norwegian government has awarded acreage for CO₂ storage

Equinor was given operatorships of two licenses, Albondigas and Kinno, which is expected to have  unconfirmed capacity to store about 5 MMt/year of CO₂.

Grete Tveit, senior...

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Eni has announced a new discovery on the Yopaat-1 EXP exploration well in Block 9, located approximately 63 kilometers offshore Mexico in the mid-deep water of the Cuenca Salina in the Sureste Basin.

 The preliminary estimates indicate a discovered potential of 300-400 million barrels equivalents (Mboe) of oil and associated gas in place.

The well was drilled in a water depth of 525 meters, reached a total depth of 2,931 meters and intersected about 200meter net pay of hydrocarbon bearing sands in the Pliocene and Miocene sequences, subject to an intense subsurface data acquisition campaign.

Eni has a 50% interest and is the Operator of Block 9 in a Joint venture with Repsol holding the remaining 50%.

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A research effort to flip carbon dioxide from a climate change problem to a solution has been launched at The University of Queensland.Dubbed GETCO2, the ARC Centre of Excellence for Green Electrochemical Transformation of Carbon Dioxide is focussing on turning CO₂ into products such as fuels and chemicals.

GETCO2 is a $45 million, 7-year collaboration involving 7 Australian universities, industry and government being led by Professor Xiwang Zhang in UQ’s School of Chemical Engineering.“With electrochemical conversion, CO2 is transformed from being the biggest problem of our time to a valuable resource,” Professor Zhang said.

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