Industry
The April monthly technical talk was held by PESA WA Branch with over 50 people attending, with special gratitude to our four sponsors: Spectrum (Platinum), CGG (Gold), Searcher Seismic (Gold) and DUG (Gold).
WA Branch President, Helen Debenham, opened the meeting with the brief introduction of upcoming Branch events. Helen also announced new activities of our sponsors, including large projects of reprocessing 3D and 2D data in Otway Basin (Spectrum) and Gippsland Basin (CGG). Both...
PESA QLD Branch kicks off their evening talks for 2018
PESA Qld Branch was delighted to welcome Dr Nick Lee to present at their April technical meeting. Dr Lee is a petroleum geoscientist with a wealth of experience gained from working internationally and the exploration-production life cycle. He is currently the Subsurface manager at QGC, the Shell-operated venture, responsible for a multi-disciplinary team of geoscientists, engineers, petrophysicists and production technologists based in Brisbane.
The talk focussed on the mega-CSG projects...
Northern Territory lifts hydraulic fracking moratorium
The Northern Territory government has lifted a near two-year moratorium on hydraulic fracturing in the Australian state, barely three weeks after a scientific report gave the technology the all clear and said it could be performed safely if regulated responsibly.
Northern Territory Chief Minister, Michael Gunner, made the surprise announcement, saying that he had taken his cue from the recent review, led by Justice Rachel Pepper from the Land and Environmental Court of New South Wales,...
New Zealand bans new oil and gas exploration permits
New Zealand's ruling Labour Party has banned all new oil and gas exploration permits in the country.
This was announced by New Zealand Prime Minister, Jacinda Ardern, who said that the changes would be phased in and that all existing permits would be honoured.
The decision was welcomed by environmental activist group Greenpeace, which has campaigned for seven years to end offshore oil and gas exploration in the country – most recently with campaigns against the Amazon Warrior seismic...
Australia’s pipe dream would be the third longest
Former Western Australian premier Colin Barnett’s “pipe dream” of constructing a 2400km gas artery traversing from west to east Australia would, if realised, produce one of the longest pipelines on the planet.
But not the longest, according to GlobalData, which said recently that analysis of planned and announced trunk/transmission oil and gas pipelines in Europe, the Middle East and Africa, had revealed the Trans Saharan Gas project pipeline to be the biggest of them all with a...
Abu Dhabi is open for bidding with six oil and gas blocks
The Abu Dhabi National Oil Company (ADNOC) has released six oil and gas blocks for bidding as part of Abu Dhabi's first ever block competitive exploration and production bid round.
In a media release ADNOC said the licensing strategy represents a major advance in how Abu Dhabi unlocks new opportunities and maximizes value from its hydrocarbon resources.
“It is also consistent with ADNOC's approach to expanding its strategic partnerships across all areas of its business. The...
Shearwater GeoServices returns to Atlantic Margin for TGS
Shearwater GeoServices has been awarded a new contract by the Multi-Client geophysical company TGS for the second consecutive year.
The contract is for a seismic survey on the Atlantic Margin in the Norwegian Sea which is expected to take approximately three months and is scheduled to be completed by the end of September, 2018.
The 2018 survey will cover 5,135 km2 and will be performed by one of Shearwater's vessels which will utilize FlexiSource and a wide tow spread.
In 2017...
Bass Oil lifts daily oil output by 20% in South Sumatra
In a market update Melbourne-based Bass Oil said it had made significant improvements to its oil producing Tangai-Sukananti KSO, in Indonesia’s prolific South Sumatra Basin.
This had lifted the company’s 2018 daily field output from 550 barrels of oil per day (bopd) earlier this year, to a current 650 bopd, “with further gains of between 150 to 250 bopd expected over coming weeks”.
“The significant production uplift is a direct result of the successful completion of field...
LNG powering economic growth, boosting trade balance
APPEA has welcomed the Resources and Energy Quarterly, prepared by the Department of Industry, Innovation and Science, as further confirmation that surging liquefied natural gas exports are playing a major role in driving Australia’s economic growth.
In 2017-18, the value of Australia’s resource and energy exports is expected to reach its highest level on record, $230 billion, on the back of rapidly growing LNG export volumes.
Australia’s LNG export earnings totalled $22.8...
Bank of China & Goldman Sachs selected to drive Alaska LNG project
The Alaska Gasline Development Corporation (AGDC) has engaged the Bank of China and Goldman Sachs to serve as global capital coordinators to AGDC’s Alaska LNG project.
This follows the Bank of China along with Sinopec and CIC Capital signing a joint development agreement with AGDC in November to collaborate on the advancement of Alaska LNG.
The signing of the agreement was witnessed by U.S. President Donald J. Trump and China President Xi Jinping.
Bank of China and Goldman Sachs...