InCapture has been awarded Greenhouse Gas Assessment Permit G-15-AP, strategically situated on the North West Shelf. “setting the stage for innovative carbon capture and storage (CCS) solutions that promise to transform the region's approach to managing industrial emissions.”
The southern part of the G-15-AP permit area lies only 120km from the major industrial ports of Dampier and Port Hedland. Spanning an area of over 6,500km²,
InCapture said the assessment permit’s prime...
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...
Beach Energy Limited (ASX: BPT, Beach) has announced its FY24 full year results which revealed a robust revenue delivery, albeit off lower production rates, putting the company in a strong financial position in a a year characterised by major project delivery.
Managing Director and Chief Executive Officer Brett Woods said "Production of 18.2 MMboe was 7% below the prior year from lower customer nominations in the Otway Basin, weather events in the Cooper Basin and natural field decline....
The Australian Government will not activate the Australian Domestic Gas Security Mechanism (ADGSM) for the October to December 2024 quarter.
The minister’s decision was revealed in the Australian Competition and Consumer Commission’s (ACCC) June 2024 interim gas inquiry report, which said there was sufficient gas across the east coast to meet domestic demand from October to December 2024.
The Government is optimistic that even if LNG producers exported all of their uncontracted...
Six companies have been awarded exploration licences by the Norwegian Energy Ministry to store CO₂ in four areas in the North Sea.
This comes after applications were reviewed from eight companies after the acreage was opened in March 2024.
The successful bidders are Aker BP, Equinor, Lime Petroleum, OMV (Norge), PGNiG Upstream Norway and Vår Energi.
It is the sixth time the Norwegian government has awarded acreage for CO₂ storage
Equinor was given operatorships of two...
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...
Eni has announced a new discovery on the Yopaat-1 EXP exploration well in Block 9, located approximately 63 kilometers offshore Mexico in the mid-deep water of the Cuenca Salina in the Sureste Basin.
The preliminary estimates indicate a discovered potential of 300-400 million barrels equivalents (Mboe) of oil and associated gas in place.
The well was drilled in a water depth of 525 meters, reached a total depth of 2,931 meters and intersected about 200meter net pay of hydrocarbon...
A research effort to flip carbon dioxide from a climate change problem to a solution has been launched at The University of Queensland.
Dubbed GETCO2, the ARC Centre of Excellence for Green Electrochemical Transformation of Carbon Dioxide is focussing on turning CO₂ into products such as fuels and chemicals.
GETCO2 is a $45 million, 7-year collaboration involving 7 Australian universities, industry and government being led by Professor Xiwang Zhang in UQ’s School of Chemical...
POSCO INTERNATIONAL has completed construction of the Gwangyang LNG Terminal 1. Launched in 2002, this extensive infrastructure construction project received investments amounting to KRW 1.45 trillion over approximately 20 years.
More than 100 personnels from the government and client companies attended the completion ceremony, including Choi Nam-Ho, the Second Vice Minister of the Ministry of Trade; Park Chang-Hwan, the Vice Governor of South Jeolla Province; Jung In-Hwa, the Mayor of...
Global oil demand has been on the rise after the COVID-19 pandemic. Moreover, the Russia-Ukraine conflict caused major alterations in energy supply routes, which went in favour of the US shale drillers, including those in the Permian Basin. Spanning Texas and New Mexico, Permian Basin remains the largest oil-producing shale play in the US. Strong global demand and geopolitical shifts continue to support growth and competitiveness of this critical energy region, says data and analytics...