BY Max Williamson FCA, FGov, FFin, FCPA
General
MOL and Turkish Petroleum Team up for Exploration
MOL Group has signed a Memorandum of Understanding with Turkish Petroleum Corporation in Istanbul to cooperate as strategic partners in the exploration and production of hydrocarbons. The companies agreed to elevate their cooperation to a new level after successful international joint projects to potential partnership in exploration in Türkiye and further potential projects in other regions.Under the Memorandum of Understanding (MoU), MOL Group and Turkish Petroleum have expressed their intention to jointly provide their experience, technical and commercial knowledge, advanced techniques and financial resources.
Newly awarded production licenses to provide feedstock for Otway Gas Project
In late September 2024, Madeline King, the Minister for Resources and Northern Australia, granted two production licenses to Beach Energy over the Artisan and La Bella fields in the offshore Otway Basin.
Both VIC/L35 (Artisan) and VIC/L36 (La Bella) will be valid for the life of the fields with production to be tied back to the Otway Gas Project.
Gas is currently supplied to the domestic market through the Project from six fields; the near to shore Black Watch, Enterprise, Halladale and Speculant, and the deeper water Geographe and Thylacine.
Both discoveries are expected to be appraised...
Cooper Energy name change
Cooper Energy announced in early October 2024 that it intends to change its name to Amplitude Energy Limited, with a special resolution to be put to shareholders at the AGM on 7 November 2024. Should the change be approved the ASX code with change to "AEL".
The name change is designed to reflect the company's move from a legacy Cooper Basin oil producer to a dedicated domestic gas explorer, producer and operator.
Cooper Energy was listed on the ASX on 13 March 2002 and holds acreage in the Gippsland, Otway and Cooper/Eromanga Basins.
In the Gippsland Basin, the company holds eight offshore blocks as well as the onshore Orbost Gas Processing Plant.
Queensland’s Kat Gioseffi receives PESA Meritorious Service Award
PESA (Qld) Branch committee member and Santos Geologist, Katherine (Kat) Gioseffi, was the successful recipient of a PESA Meritorious Service Award (MSA) for 2024 in recognition of her unwavering passion for energy geoscience and her dedication to increasing society participation among early-career graduates.
Kat, who received her MSA at the Australian Energy Producers Conference and Exhibition in Perth in May, was nominated by the PESA (Qld) Branch in recognition of her steadfast pursuit of recruiting and retaining students and young career professionals to the upstream resources industry.
Kat commenced her support of PESA in 2014 as a student member, during which time she was the QUT recipient of the John Draper Award in recognition of her high academic achievement in the fields of sedimentology and stratigraphy.
PESA WA-SPE annual joint event is once again well attended and enjoyed by all
PESA West Australia and SPE West Australia, the two largest oil and gas professional organizationsin Perth, held their annual joint event on Thursday, 18 July.
Zhang Xi Po was at the event, hosted at the Parmelia Hilton in Perth, and said it was a resounding success with about 100 attendees from government bodies, oil and gas companies, and universities in attendance.
The evening began with a networking session, followed by engaging presentations. The presentersaddressed questions from the excited audience, contributing to the dynamic and interactiveatmosphere.SPE WA Section Charman Jeff Zhang and PESA WA President Adam Craig made the openingspeeches.
Rosie Johnstone, a sedimentologist and geoscientist with over 25 years of experience in oil and gas exploration and carbon capture and storage (CCS), currently works with Geovault.
NT gas supply deal with NT government puts Empire Energy’s Carpentaria on the front row of the grid
Empire Energy has signed a 10-year Gas Sales Agreement with the Northern Territory Government to supply 25 TJ per day from the Carpentaria Pilot Project.
Empire Energy Group has signed a binding long-term Gas Sales Agreement to supply the Northern Territory Government up to 25 Terajoules (TJ) of gas per day for 10-years (~75 Petajoules in total, from Empire’s Beetaloo Basin properties commencing in 2025 (“Initial Supply”).
The agreement makes provision for the NT Government to increase the supply by up to 10TJ per day subject to certain production milestones:
Empire Energy said the volume under the Option Supply is limited to 10% of production from the Carpentaria Project if production reaches 100 TJ / day.
Lauren was enlightened by EAGE in Oslo
PESA was one of several associations from around the world with a presence at the 85th EAGE Conference & Exhibition held in Oslo in June, attended by WA member Lauren Found who was truly inspired.
At the conference, Lauren spoke with the EAGE board and the representatives from other international associations, exchanging stories about the range of activities that are carried out by each organisation that keep people aware of exploration activities and research through the technical programmes, as well as keeping members connected through networking event.
As a Young Professional in the energy industry, a lot of...
PESA WA lunch gets lots to chew on over safe GCS solutions for Barrow Dampier
PESA WA June Technical Lunch: Demystifying Safe GCS Solutions for the Barrow-Dampier
PESA hosted a successful June Technical Lunch at the Parmelia Hilton in Perth on Thursday, June 27th.
The event attracted over 60 attendees from West Australian oil and gas companies, universities and government bodies.
SLB Exploration Lead Mr. David Barlass took centre stage, introducing a captivating presentation on safe geological carbon dioxide storage (GCS) techniques applicable to the Barrow-Dampier sub-basins.
PESA WA, fostering collaboration within the energy sector, provided a valuable platform for this critical conversation.
It's that time of the year again when we...
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.