Archives for February 2025

February 2025

US Power Prices ‘Set to Surge’ saysWoodMac

28/02/2025 Posted by Dale

LOBE NEWSWIRE) -- US power demand has remained essentially flat for the past decade, but this is all about to change as a pending surge in demand growth will be the biggest challenge for utility companies in decades, according to the latest Horizons report from Wood Mackenzie.

According to the report, “Gridlock: the demand dilemma facing the US power industry” US electricity demand growth will be between 4% and 15% through 2029, depending on the region, with burgeoning data-centre development, a resurgence in energy-intensive US manufacturing, and greater transport and heating electrification driving electricity demand growth not seen since the 1990s.

Back to Uni mean renewal time for PESA student members

25/02/2025 Posted by Helen

As a new academic year starts it also means it is renewal time for all of our PESA student members, whose membership will automatically lapse on 31st March unless renewed.

To continue your PESA student membership you will need to provide to PESA membership - membership@pesa.com.au:

Such evidence needs to clearly show proof of your current enrolment as a student, which may include:

Upon receipt and verification of this evidence your PESA membership and associated benefits will be renewed until 31 March next year.

Have you recently graduated? If so, apply online for the discounted PESA Graduate membership.

If you have any questions about your membership or any other issue, please do not hesitate to contact us any time.

Congratulations Andrew

13/02/2025 Posted by Matthew.Quinn

Congratulations to Andrew Riznyczok who has been awarded a Meritorious Service Award for his work as the Secretary of the ACT-NSW Branch for the last 10 years.

Many thanks Andrew! We look forward to presenting the award to you at the AGM in May.

Andrew Riznyczok graduated with a Bachelor of Science, majoring in Geology at the University of NSW in 2015. During Andrew’s university semester break, he began in the petroleum industry working for Bridgeport Energy as a sample catcher at the rig site.

After completing university, he began work as a technical assistant at Bridgeport Energy and has worked up to his current role as a geologist on the exploration team.

Geoscience data management can help reduce subsurface uncertainty

12/02/2025 Posted by Helen

Author Neil Constantine

When modelling the subsurface as geoscientists and engineers, we work with multiple sources of data to ensure we best understand and mitigate any uncertainty. Raw data such as wells and seismic are key to improving our understanding of the subsurface, but we also rely on previous projects, interpretations and models to help fast track our knowledge. But what if these add to our uncertainty, with projects of unknown provenance requiring time to find, understand and review, and with mis-loaded or otherwise incorrect data negatively influencing our models?

Building on a career spent at the...

Looking Forward to PESA deal day 2025

12/02/2025 Posted by Helen

The PESA 2025 Deal Day will bring high quality exploration, appraisal and developmentopportunities from Australia and beyond to the attention of the international oil and gasindustry. The Deal Day is to be held in conjunction with the 2025 AEP Conference (formerlyAPPEA) thereby ensuring a wide exposure to industry leaders.

Company representatives will review the technical and commercial aspects of theiropportunities via short presentations, using selected data. There will be time during andafter the seminar to discuss additional details with interested parties in private.

The registration fee for presenters is A$840 and for attendees is A$450. Registrations madeafter 19/05/2025 are A$550.

Chris Watts – New Insights into Energy Geoscience from Postgraduate Research

12/02/2025 Posted by Helen

The Horstman Federal Postgraduate Scholarship, initially launched by PESA in 2019,continues to attract a growing number of talented applicants pursuing energy geosciencefocussed PhD and Masters projects at universities across Australia.

Last year, a record 21 applications were received for the PESA Horstman FederalPostgraduate Scholarship from candidates based in Brisbane, Sydney, Wollongong,Adelaide, and Perth. Research topics were very diverse, ranging from regional basin studiesto CO2 sequestration and storage projects as well as experimental hydrogen resourcestudies.

The overall technical quality of research projects continued to impress, with many projectshaving the potential for providing new insights into current areas of interest in energygeoscience.

PESA Strategy – towards 2030

11/02/2025 Posted by Helen

Every four-five years the PESA Federal Board spend a day meeting in person (where possible) to review and update the Society’s strategic plan. The first such plan was released in 2016 with the aim of navigating the downturn in the industry and building foundations for PESA’s future. The second plan (Towards 2024) was released in 2019 with a 5 year operational time frame set within a 10 year planning horizon. The plan was revisited in 2021 but had the means to weather the Covid-19 pandemic in place so did not need significant updates.

2025 PESA Webinar Series Kicks Off

11/02/2025 Posted by Helen

Peter Hoiles – PESA Webinar Coordinator

Running into its sixth year, the PESA Webinar Series has returned for 2025. Generally run every second Tuesday of the month from February to about November, the series offers members from all states and territories the opportunity to hear updates, challenges, stories and field examples from Australia and across the world.

The series kicked off for 2025 on Tuesday the 4th of February, with a talk by Donald Christie from Fugro.

“Drill Baby Drill”: Implications of Donald Trump’s 2nd Presidency for the US in the South China Sea

11/02/2025 Posted by Helen

Article by Ganesh Sahathevan. First published by Australian institute of International Affairs

Ganesh Sahathevan ERP, MGis (UNE) Grad Dip Spatial Info (UNSW) Director, Centre for Industrial Research Pty Ltd, Sydney, Australia. CFRI provides research on the business and politics of this region with a particular emphasis on the oil, gas and renewables industry.

The Trump campaign war cry “we will drill, baby, drill” could lead to a resurgence of oil and gas (O&G) exploration and production in the South China Sea when (and not if) President Donald Trump removes obstacles to O&G production currently in place in the United States.

Upcoming Webinar in collaboration with the CCUS Network Australia – 19th Feb

11/02/2025 Posted by Helen

The CCUS Network Australia is hosting its next webinar on Wednesday 19 February 2025 at 11am (Perth time). In this installment of the CCUSNA Webinar Series, Julian Cheng, Partner at Gilbert + Tobin, will talk about "Navigating the Tax Landscape for CCS Projects".

Abstract:

This presentation will cover key tax considerations relevant to CCS projects including:

Speaker Biography:

With over 25 years’ experience, Julian Cheng provides tax advisory services to the full spectrum of clients. His clients include public and private corporate groups, fund managers across various asset classes, consortiums and joint ventures and high net worth individuals.