Archives for November 2024

Kingia Play Comes Fuerst as Alex Packs Perth into the Shoe Box for Technical Evening Talk

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Fiona Burns

On Thursday 21st November PESA WA hosted a well-attended technical evening talk at the Shoe Bar in Perth.  Over 40 people gathered to hear Alex Fuerst, Senior Geologist at Molyneaux Advisors, deliver a very interesting presentation entitled “Top seal and compartmentalisation in the Kingia Play, implications for porosity preserving plays”.

Top seal and compartmentalisation in the Kingia Play, implications for porosity preserving plays”.Alex’s talk focused on the complexity of the Kingia play with regard to compartmentalisation. He discussed how the intense fracturing and…

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EDO Must Pay $9Million to Santos In Legal Costs After Failed Barossa Suite

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The Environmental Defender’s Office (EDO) will have to pay Santos $9 Million in legal fees after its failed court bid to stop the Barossa Project in the Northern Territory.

Santos, nevertheless, wants the EDO to reveal who funded its legal fees after the taxpayer-funded organisation brought the case against Santos on behalf of the Timor Islanders alleging that the pipeline would upset or anger two revered creatures the Rainbow Serpent and Crocodile Man.

Federal Court Judge Natalie Chrlesworth rejected this in January saying some of…

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Oil and Gas Contracts Value Declines Despite Steady Volumes in Q3 2024, says GlobalData

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The global oil and gas contract activity saw a 35% quarter-on-quarter decrease in total disclosed value from $55.3 billion in Q2 2024 to $35.7 billion in Q3 2024. Despite this, steady contract volumes, particularly in the Middle East, were driven by substantial projects such as Saipem’s $4 billion contract with QatarEnergy and multi-billion-dollar agreements from Saudi Aramco, providing some stability, reveals GlobalData, a leading data and analytics company. 

GlobalData’s latest report, “Oil and Gas Industry Contracts Review by Sector, Region, Terrain and Top Contractors and…

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Santos Building Adelaide

Court Documents Reveal EDO’s “Confected” Evidence to stop Barossa Gas Project

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The extent of the Environmental Defenders Office’s (EDO) inappropriate conduct has been laid bare in Federal Court documents, reinforcing the need for an immediate halt to taxpayer funds to the activist lawfare group.

Samantha McCulloch

This was the assertion of Australian Energy Producers Chief Executive Samantha McCulloch,who said the documents revealed in The Australian show the depths of what Justice Natalie Charlesworth described in her judgment as the EDO’s “distorted and manipulated” evidence that it used in its failed…

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Senex Delivers on more Gas Supply Promise With Official Opening of $1Bn Expansion

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First gas is set to flow from Senex Energy’s $1 billion Atlas natural gas field expansion following the official opening on Sunday 24 November 2024 of the Surat Basin processing facility in Queensland.

Senex Energy shareholders, represented by POSCO International Corporation CEO Kyein Lee and Hancock Prospecting Executive Chairman Mrs Gina Rinehart AO were there to mark the significant milestone alongside representatives from all levels of Government and the Wandoan community.

The opening marks a significant milestone in delivering critical gas to the east coast…

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Shearwater Awarded Large 3D Seismic Project Offshore India

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Shearwater Geoservices has received a LOA from ONGC for a large 3D seismic survey off the east coast of India.

The high-capacityOceanic Sirius will carry out the survey, covering an area of approximately 2,200 square kilometers, which is expected to take approximately 4 months, commencing early 2025. 

Irene Waage Basili

Irene Waage Basili, CEO of Shearwater, said: “Our expertise in 3D seismic acquisition, combined with our track-record of 8 consecutive seasons of India…

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gas

US Vote 2024: Trump 2.0 to reshape global LNG landscape, unlock long-term demand says Rystad Energy

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Triggered by incoming US President Donald Trump, the next four years could prime the liquefied natural gas (LNG) markets for a golden era. Based on his campaign pledge, the returning president’s expected policies are likely to accelerate US LNG infrastructure expansion through deregulation and faster permitting, bolstering global supply. 

This could strengthen the sentiment around global LNG supply after years of uncertainty, helping to unleash long-term demand. Even so, an untimely supply boost will heighten the risk of a medium-term market glut, which would put downward pressure on prices.

Without creating new demand, new discoveries can help curb emissions, drive value for the industry

Investment in oil and gas exploration has plummeted two-thirds in the last decade, but the industry still has a critical role to play in decarbonisation efforts and providing advantaged barrels in the energy transition, according to the latest Horizons report from Wood Mackenzie.

According to the report, “No country for old fields: Why high-impact oil and gas exploration is still needed” the world has plenty of…

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Big Oil Bets on Biofuels with more than 40 Projects Planned by turn of the Decade

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Under increasing pressure to decarbonize and shift away from traditional fossil fuels, the world’s leading oil and gas companies are ramping up investments in the biofuels sector. Major players such as BP, Chevron, Shell, TotalEnergies, ExxonMobil and Eni are incorporating biofuels into their broader energy transition strategies, recognizing the growing global demand for sustainable fuel sources.

According to Rystad Energy’s research, these six oil majors have announced a total of 43 biofuel projects that are either already operational or…

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‘CCUS Action Plan Highlights WA’s Net Zero Leadership’

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Western Australia has reaffirmed its commitment to net zero with a plan for carbon capture, utilisation and storage (CCUS) announced late November.

“The WA Government’s CCUS Action Plan and funding support is evidence of how states can seize the economic opportunities of net zero while reducing emissions,” Australian Energy Producers WA Director Caroline Cherry said.

“The Action Plan is an important step to attracting investment in CCUS, creating new jobs, and building a major new industry for Australia to support emissions reductions across the economy…

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