'Kinetiko Energy Ltd (ASX: KKO) has seen its share price plunge 28% after the first of a five-well drilling program failed to find commercial gas quantities.
The Perth-based explorer is developing an energy solution for South Africa focused on commercialising its 100% owned advanced shallow conventional gas projects in the Mpumalanga Province. At press time KKO as priced at 6.8c.
Drilling at well 271-23PT commenced on Friday, 27 September and was completed ahead of schedule on...
Using a combination of water testing and machine learning, a U.S. Geological Survey-led study estimated between 5 and 19 million tons of lithium reserves are located beneath southwestern Arkansas, in the USA. If commercially recoverable, the amount of lithium present would meet projected 2030 world demand for lithium in car batteries nine times over.
The study’s novel methodology, carried out collaboratively by the USGS and the Arkansas Department of Energy and Environment’s Office...
By Dr James Jeffs,Principal Technology Analyst at IDTechEx
IDTechEx’s report, “Sustainable Future Aviation 2025-2045: Trends, Technologies, Forecasts”, finds that hydrogen is likely to be a main contender for decarbonizing the aviation industry. The report finds that the hydrogen commercial airliner market will exceed US$20 billion in 2045. However, the technology used on the planes and the source of the hydrogen needs to be considered carefully before the industry can celebrate...
Santos has announced the Darwin LNG joint venture -operated by Santos and in which Santos holds a 43.43 per cent interest -has achieved financial close of new syndicated bank loan facilities totalling US$800 million.
The facilities comprise a US$350 million 7-year, partially amortising loan maturing in 2031 and a US$450 million, 12-year partially amortising loan maturing in 2036. The facilities are senior-secured by Darwin LNG Pty Ltd. The shareholders in Darwin LNG Pty Ltd, including...
Woodside has reviewed its current listing structure and decided to delist from the London Stock
Exchange (LSE).
Woodside shares represented by depositary interests account for approximately 1%
of Woodside’s issued share capital.
Trading volumes of Woodside shares on the LSE were low and delisting from the LSE will reduce Woodside’s administration costs, the company said.
Woodside has applied to the UK Financial Conduct Authority (FCA) and the LSE to cancel the
admission of...
Shearwate has announced the award of two consecutive towed streamer survey projects in the Asia Pacific Region with a combined duration of three months.
The Shearwater multi-sensor vessel Geo Coral is allocated to the projects which commences early in Q4 2024.
Shearwater is a global marine geoscience and technology business that specialises in collecting data offshore. The organisation uses state-of-the art seismic vessels and equipment to explore the seabed and...
By Rick Wilkinson
The North Asian trio of Japan, Korea, and Taiwan play a major role in global LNG markets. According to the International Group of Liquefied Natural Gas Importers, they were the second, third, and fifth largest LNG importers, respectively, in 2023, collectively accounting for one third of global LNG imports.
However, they have been following different trajectories. Japanese LNG demand has been falling while demand has been growing in the other two countries. Japan and Korea...
By Xipo Zhang
On Thursday, 17th October 2024, PESA WA hosted a well-attended technical luncheon at the Parmelia Hilton in Perth. Over 50 industry professionals gathered to hear Neil Young, Managing Director of Elixir Energy, deliver an insightful presentation titled “A New Play is Being Proven in Queensland’s Taroom Trough”.
Neil Young’s presentation focused on the Grandis Project, Elixir Energy’s groundbreaking initiative in the Taroom Trough — a promising unconventional...
Strike Energy Limited (Strike - ASX: STX) as operator of the EP469/L25 Joint Venture, which
includes the West Erregulla gas field, has completed the flow testing program at the Erregulla Deep-1 (ED-1) discovery well in EP469 with "excellent results".
ED-1, which is the deepest well ever drilled onshore Australia, flow tested the Kingia gas discovery individually and the High Cliff gas discovery via a comingled test.
ED-1, had 24m of perforations across the Kingia from 4,805m TVDSS and 12m of...
Flaring emissions from global upstream oil and gas production activity increased by 7% from 2022 to 2023, according to latest Rystad Energy research. Upstream activities emit about 1 gigatonne per year of carbon dioxide (CO2) in total, with flaring contributing around 30% of those emissions in 2023 assuming 98% flaring efficiency on average. Flaring reduction is considered a low-hanging fruit for oil and gas companies trying to reduce their carbon footprint. However, this recent uptick...