Beach Energy said it was pleased to announce successful commissioning and ramp-up of the Moomba Carbon Capture and Storage (CCS) project1, one of the world’s largest CCS projects.
All facilities, pipelines and injector wells have been commissioned and brought online. Following first CO2 injection on 30 September 2024, daily injection has reached capacity rates, exceeding expectations for the commissioning phase and indicating the project’s potential to capture and store...
By Eugene Kharkutov and Ellen Starostina
The history, current state and prospects of development of the Russian oil market and its world impact are considered and analysed. The author uses methods of systematic and comparative analysis in the context of the global, and Mideast oil industry. The main conclusions of the article are that, despite the imposed sanctions, the highly motorized market of Russia performs so far quite well and will adapt a wider use of domestically produced...
Federal Programs and Scholarships Sub-Committee
By Bonnie Lowe-Young
As part of PESA’s ongoing program to foster and encourage subsurface energy geoscience research and education in Australia, PESA has annually offered Federal Postgraduate Scholarships to support PhD or Masters students undertaking geoscience research relevant to the exploration, development or production of energy resources in Australia. In 2019, the Federal PESA Postgraduate Scholarship was renamed the Horstman...
Contrary to information that has been incorrectly published recently in PESA News, reporting the new acquisition of seismic data in offshore Papua New Guinea (PNG) by Shearwater, the Nanamarope Non-Exclusive 3D Marine Seismic Survey was actually acquired by Searcher, utilising PXGEO's Seismic Research Vessel (SRV) PXGEO 2. The survey was acquired between May and June 2023, with final processing deliverables released in March 2024.
The acquisition of the Nanamarope survey adds to...
Viridien has been awarded a comprehensive remote sensing program by Minerals Development Oman (MDO),in the Sultanate of Oman, to identify, map and rank mineralization prospectivity potential across seven concessions, covering a total area of 16,000 km².
Following a series of remote sensing programs conducted to support mineral exploration initiatives, Viridien said it was now pleased to aid the strategic development of Oman's mineral resources led by MDO.
Viridien's...
Partial scholarships are up for grabsfor women in the Energy and Utilities Industry ranging from $1,000 to $6,000per person, for one of four leadership and workplace skill development programs.
These scholarships are aimed at encouraging more women to increase their impact at work, progress their career, and step into leadership roles.
Registrations of interest close on Friday 29 November 2024. Via our website: https://www.wla.edu.au/industry/energy/
Tamboran has reflected on four key milestones as it charts its course towards future gas supplies to the eastern states, Asia and the Northern Territory.
The ASX and NYSE-listed explorer revealed:
That the year to June 2024 was one in which Tamboran kicked key goals by:
Via the...
Key markets in the electric vehicle (EV) transition are falling behind in their stated goals for public charging infrastructure, according to latest figures on World EV Day™.
The data reveals that the US, Europe and the UK are more than six times behind the number of plugs needed to meet growing EV demand by 2030. The US, the world’s second-largest EV market, has under 200,000 publicly available charging ports*, with over one million more needed by 2030, according to McKinsey**,...
The cost of developing new upstream oil projects is continuing to rise as inflationary pressure and supply chain woes endure. New research from Rystad Energy shows that the average breakeven cost of a non-OPEC oil project grew to $47 per barrel of Brent crude, a 5% increase in the last year alone. Despite rising costs, breakevens are still less than current oil prices.
Offshore deepwater and tight oil projects remain the most economical new supply sources, with oil sands still the most...
In this article, Dr. Neil Bird, Chief Scientist at Fluenta, has provided commentary on the new Bureau of Land Management rule targeting methane management in the oil and gas industry. He highlights the need for operators to adopt advanced technologies like ultrasonic meters to stay compliant, reduce emissions, and prepare for increased scrutiny with the upcoming MethaneSat data.
"As the oil and gas industry grapples with the recent Bureau of Land Management rule change, it’s clear that...