This multi-year strategic partnership is set to evolve the seismic industry to new levels of performance.
Dale
New Gas Supply Needed in all Net Zero Pathways: EY report
Australia will still need substantial gas production 26 years from now to ensure reliable and affordable energy in 2050, even under a net zero scenario, according to The future role of natural gas in Australia and the region.
Tamboran Starts Stimulation at SS-1H
Tamboran has commenced stimulation activities at the Shenandoah South 1H (SS-1H) well pad within its 38.75 per cent owned and operated EP 117 permit.
The program, which is planned to include 10 stimulation stages over a 500-metre (1,640-foot),horizontal section within the Mid-Velkerri B Shale, is expected to be completed in December.
The campaign is being conducted by Condor Energy Services.
On completion of the stimulation campaign, production tubing will be installed ahead of the flowback of stimulation fluid and gas breakthrough.
Tamboran expects to release 30-day initial production (IP30) flow rates in the first quarter of 2024, subject to weather conditions and the timing to flow back stimulation fluid to achieve gas breakthrough.
CGG to Acquire 8,000 km of Multi-Client Data Offshore Malaysia
CGG, in association with PETRONAS, has announced the start of the Selat Melaka 2D multi-client seismic program over the Langkasuka Basin offshore Malaysia.
Located in the Malacca Strait, the project has received industry funding and will deliver early products in December 2023 and final results in August 2024.
Experts at CGG’s Kuala Lumpur subsurface imaging center will apply its latest proprietary full-waveform inversion (FWI) and Q-tomography imaging technologies to provide the industry with a better regional understanding of the petroleum systems in this underexplored basin, with a focus on the prospective pre-tertiary target.
Mohamed Firouz Asnan, Senior Vice President, Malaysia Petroleum Management (MPM), PETRONAS, said: “PETRONAS continues to invest in data enrichment for Malaysian basins, like the emerging Langkasuka Basin. I
CSIRO Report Confirms WA Carbon Capture Economic Boom Under Net Zero
Western Australia’s economy would enjoy a $55 billion boost by 2050 from rolling out carbon capture hubs while creating tens of thousands of jobs and protecting existing resources jobs, according to a new report.
The CCUS Hubs Study was commissioned by the WA LNG Jobs Taskforce and co-authored by the Commonwealth Scientific and Industrial Research Organisation (CSIRO) and the Global Carbon Capture and Storage Institute (GCCSI).
Australian Energy Producers said the research showed how industrial centres could share infrastructure to carpool carbon – conceptualised as Net Zero Zones by an Australian Energy Producers study in May – to accelerate emissions reduction and attract new investment.
World-first Hydrogen and Renewable Energy Bill 2023 Has Passed the South Australian Parliament
The Department of Energy and Mining has welcomed the passing of the Hydrogen and Renewable Energy Bill in the South Australia parliament.
DEM said: “This historic piece of legislation is set to open up global investment into the state's hydrogen and renewable energy industries, solidifying the state's position as a world leader in the global energy transition. “The Hydrogen and Renewable Energy Act 2023 will streamline the process for companies to invest in these industries, while ensuring that projects are carried out in ways that protect the social, economic and environmental needs of the state."This is a significant milestone, but the work doesn't end here.
All eyes on Vienna as Oil Market Saudi Weighs Decision on Cut Extension in 2024
Oil markets are eagerly awaiting the OPEC+ meeting on Sunday, 26 November, in anticipation of what kingpin Saudi Arabia decides over its voluntary crude oil production cuts of 1 million barrels per day (bpd), writes Rystad Energy’s senior vice president Jorge Leon in the company’s latest oil market update.
Regardless of the path they take, Saudi Arabia’s decision on the production cuts will ultimately shape the short-term future of global oil prices.
The kingdom is balancing the desire to keep prices high by limiting supply with the knowledge that doing so will lead to a further drop in overall market share.
Aerospace Sector’s Growing Appetite for Steel Threatens Metal Supply for the Energy Industry
A vigorous recovery from the global aerospace industry has increased demand for nickel, a key aircraft component prized for its corrosion resistance, high strength and exceptional mechanical properties. This could inadvertently complicate or delay new energy infrastructure developments by diverting metal supply from critical sectors such as upstream, offshore and liquefied natural gas (LNG) terminals, which use nickel for various equipment applications in extreme environments.
Aerospace customers procuring high volumes at premium prices are further extending lead times and increasing spot prices of these materials, particularly in Europe and the US.
CGG Launches Outcome-as-a-Service Offering for HPC and AI Solutions
CGG has announced the launch of its new Outcome-as-a-Service (OaaS) offering, designed to deliver customized, capability-focused HPC and AI solutions for scientific and engineering domains including generative AI and life sciences.
Roller Coaster Ride for the East Coast Gas Markets
The latest annual east coast report from independent energy consultancy EnergyQuest, East Coast Gas Outlook finds that the outlook for east coast gas is a white knuckle roller coaster ride.
The new 314-page report is the leading energy consultancy’s annual in-depth analysis of the long-term outlook for the east coast gas market, compiled by a multi-disciplinary team of experienced energy professionals: geologists, petroleum engineers and gas marketers.
“The outlook for the east coast gas industry is one of great uncertainty.