General

Woodside to Delist from London Stock Exchange

22/10/2024 Posted by Dale

Woodside has reviewed its current listing structure and decided to delist from the London StockExchange (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 theadmission of Woodside shares to listing in the International Commercial Companies SecondaryListing category of the Official List of the FCA and trading under the ticker “WDS” on the Main Marketfor listed securities of the LSE.

Shearwater Secures Towed Streamer Projects in Asia Pacific

22/10/2024 Posted by Dale

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 processes the data using market-leading proprietary software.

These insights help clients understand the Earth and make informed decisions about accelerating responsible use of its resources.

Strike Energy hits a few Chords Drilling Eregulla Deep-1 in the Perth Basin

21/10/2024 Posted by Dale

Strike Energy Limited (Strike - ASX: STX) as operator of the EP469/L25 Joint Venture, whichincludes 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 perforationsacross the High Cliff from 4,850m TVDSS.

Wärtsilä “supports South Australia’s energy transition with new 150 MW / 300 MWh energy storage system for Amp Energy”

20/10/2024 Posted by Dale

Technology group Wärtsilä has been selected to deliver its second major energy storage project in South Australia. Located in Bungama, stage 1 of this multi-stage project will be supplied to Amp Energy, a global energy transition platform.

The standalone battery energy storage system (BESS) will have a 150 MW / 300 MWh capacity and will support energy security and reliability as renewable energy supply increases, pacing South Australia’s ongoing energy transition. The order was booked in September 2024.

The project will be built with Wärtsilä’s Quantum High Energy storage technology, recognised for its "advanced safety features and enhanced energy density".

Total EnergiesSells its Fuel Distribution Activities in Brazil to SIM Distribuidora

19/10/2024 Posted by Dale

TotalEnergies has signed an agreement to sell its fuel distribution activities in Brazil to SIM Distribuidora, a Brazilian company. The transaction involves a network of about 240 filling stations and several storage facilities for petroleum products and ethanol.

SIM Distribuidora, one of the recognized players of the fuel distribution business in Brazil, belongs to Grupo Argenta, which has more than 500 service stations, lubricants and aviation activities.

This sale reflects the selective strategy of TotalEnergies in Marketing & Services in the retail network business focussed on core geographies with significant market share positions. The Company will retain its lubricants blending and distribution activities in Brazil.

The acquisition remains subject to authorization by the relevant authorities.

Are Electric Vehicles Really Disruptors in the Australian Petroleum Markets?

19/10/2024 Posted by Dale

BY Max Williamson FCA, FGov, FFin, FCPA

MOL and Turkish Petroleum Team up for Exploration

18/10/2024 Posted by Dale

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

08/10/2024 Posted by Matthew.Quinn

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

08/10/2024 Posted by Matthew.Quinn

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

10/09/2024 Posted by Dale

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.