Triangle Energy has been given the green light to develop a carbon sequestration (CCS) project at the company’s WA 31-L icence area in the Perth Basin.
The company announced that the joint venture’s application for a greenhouse gas storage formation over the WA 31-L licence area had been approved by the Commonwealth Minister for Resources, Madeleine King.
The approval has triggered the sale of Triangle’s 78.75% interest in the Cliff Head project to Pilot Energy, but. until...
Australia appears to be caught between a rock and a hard place facing an ever-encroaching gas cum energy crisis. Rick Wilkinson, CEO of EnergyQuest, and a man well oiled with a wealth of data deliverables, says the Lucky Country has four options, none of which are easy, to keep the wolves off the door.
In the EnergyQuest Monthly Report for May, Wilkinson said it was well known that the east coast domestic gas market is heading towards annual supply shortfalls in 2028, with peak supply...
The Brazilian Institute of Environment and Renewable Natural Resources (IBAMA) has issued the final permit for PGS to conduct a large 4D survey over the Barracuda Caratinga fields offshore Brazil.
PGS announced the 4D contract award in December 2022 and the original project start-up was scheduled for June/July last year. To optimize vessel resources during the 2023 summer season, the Ramform Victory was reactivated and earmarked for this project. While permitting was pending she...
Technology group Wärtsilä has launched the world’s first large-scale, 100% hydrogen-ready engine power plant, to enable the "net-zero" power systems of tomorrow.
In a media release Wartsilis said the IEA World Energy Outlook 2023 had shown shown that hydrogen "is an essential component of our future power systems". According to the report, the pathway to reach net zero emissions by 2050 would require 17 Mt of hydrogen to be consumed by power generation in 2030, reaching 51 Mt by...
A report from the Australian Competition and Consumer Commission (ACCC) has intensified warnings of looming gas shortfalls and urged governments at all levels to “focus on removing unnecessary impediments to developing new gas resources”.
Australian Energy Producers Chief Executive Samantha McCulloch reacted to the latest edition of the Gas Inquiry report and warned that governments must act urgently to fast-track new gas supply projects, with shortfalls forecast to hit in 2027, a...
Despite Victoria’s s reputation as the “basket case” of gas supply conundrums in Australia, Beach Energy has driven first gas from the Enterprise gas field to the Otway Gas plant over the line to deliver on the company's commitment to the State’s first production licence granted in 10-years.
A successful connection of the Enterprise gas field to the Otway Gas Plant was completed on 12 June after Beach had signed a Gas Sales Agreement (GSA) to supply Origin Energy with gas from...
In November 2023 PCF, Oceania and RINA signed an MoU to collaborate on studies to define the commercial and emissions reduction benefits their combined concepts could deliver to ship owners and charterers for the Pilbara to Asia dry-bulk minerals export trade route. The Joint Study has now been completed.
The findings demonstrate an accessible and achievable pathway to Net-Zero Emissions for LNG, on a Well-to-Wake basis, for international shipping on this trade....
Australia’s oil and gas industry has welcomed the Queensland Government’s “continued recognition of energy security at a time of heightened gas demand” keeping Australian households warm and businesses running.
This comes after the Sunshine State had wrapped up six new exploration tenders for petroleum and gas across the Bowen and Surat basins, which AEP QLD Director Keld Knudsen said had come at an important time following the Australian Energy Market Operator’s warning of...
Max Williamson FCA, FFin, FCPA, FGov
Max has practiced as a Chartered Accountant and Tax Adviser to the Resources Industries for over 50 years. He has been Federal President and Federal Treasurer of PESA, as well as NSW Branch President and on the NSW Committee for over 30 years.
The 14 May 2024 Federal Budget among others introduced to the Australian community two new financial incentives encouraging Australian investors/producers to progress Critical Minerals ($7...
The Asia Pacific (APAC) region is rapidly emerging as a key player in the carbon capture and storage (CCS) sector. Asian countries are intensifying their decarbonization efforts, despite challenges for a number of countries in the region, such as unsuitable geological conditions for carbon capture, utilization and storage (CCUS).
This is according to Rystad Energy research, which has highlighted Australia, Malaysia and Indonesia as emerging hubs in the APAC region, driven by the carbon...