PESA Gazette

Perth Wins Bid to Host 2026 Global Carbon Capture Conference

31/10/2024 Posted by Dale

The Australian oil and gas sector’s leadership in carbon capture, utilisation and storage (CCUS) - a key emissions reductions technology - is set to be showcased on the world stage.

Australian Energy Producers is pleased to announce it will co-host the world’s leading CCUS conference in Perth in 2026, in partnership with the CSIRO, CO2CRC and the Department of Climate Change, Energy, the Environment and Water.

The Greenhouse Gas Control Technologies (GHGT) Conference, run by the IEA Greenhouse Gas R&D Programme, brings together over 1,000 CCUS researchers, industry leaders, government officials, and stakeholders from around the world to discuss and share the latest developments with the technology.

‘Decisive Action needed to Achieve Net Zero and 1.5C Warming Scenario as World is on Path for 2.5C to 3C Global Warming Says Wood Mackenzie

30/10/2024 Posted by Dale

Analysis shows US$78 trillion needed to achieve net zero and 1.5 C warming scenario

A string of global shocks has likely put 2030 emissions reduction targets out of reach. But with decisive action, there is still time to reach net zero emissions by 2050, according to Wood Mackenzie’s ‘Energy Transition Outlook’ report, a milestone assessment of the global journey towards a lower carbon future.

The new report analyses four different pathways for the energy and natural resources sector – Wood Mackenzie’s base case (2.5-degrees), country pledges scenario (2-degrees), net zero 2050 scenario (1.5-degrees) and delayed transition scenario (3-degrees).*

KEY FINDINGS:

Queensand’s Kat Gioseffi Receives PESA Meritorious Service Award

30/10/2024 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.

TotalEnergies Makes new Gas Condensate Discovery in Offshore Harald Field

30/10/2024 Posted by Dale

TotalEnergies has announced that the Harald East Middle Jurassic nearby exploration well (HEMJ-1X) has discovered additional gas condensate resources in the Harald field, in the Danish North Sea.

Located in shallow waters, 25km off the west coast of Denmark, the HEMJ-1X well was drilled in the Eastern part of Harald field and encountered 48meters of net gas condensate pay in a good quality reservoir.

The HEMJ-1X well will be immediately connected to the Harald platform and is expected to start producing before the end of the year through the existing Harald and Tyra facilities.

"The success of the Harald East Middle Jurassic well, nearby our Harald facilities in Denmark, demonstrates the strength of our Exploration strategy.

Gas Industry Congratulates David Crisafulli

28/10/2024 Posted by Dale

Queensland’s oil and gas industry congratulates Premier David Crisafulli and looks forward to working with the incoming LNP Government on the sector’s strategic plan for economic and energy security.

The gas sector is a major contributor to the Queensland economy, delivering around $1.4 billion in government revenue each year and supporting 67,600 Queensland jobs. In 2023-24, the industry spent $3.9 billion with 3,477 Queensland businesses, predominantly in regional parts of the state.

Australian Energy Producers today committed to work with the new Premier and his government to realise the full potential of the state’s gas sector.

The industry’s strategic plan Queensland natural gas: A plan for economic and energy securityunderscored the importance of natural gas to the state’s economic prosperity, energy security and net zero emissions future.

Unlocking the Potential of Carbon Capture

27/10/2024 Posted by Dale

EnergyQuest has released released a detailed, independent review of Australia’s carbon capture, utilisation and storage industry.The report, Unlocking the Potential of Carbon Capture, examines why CCUS is necessary, the key factors for successful project execution, and the current status and outlook of CCUS (including CCS) projects for Australia."Australia is falling behind and could lose a golden opportunity in carbon captureAustralia is already home to two world class carbon capture and storage (CCS) projects - one at the Chevron operated Gorgon project, WA, and the other operated by Santos at Moomba, SA," said Rick Wilkinson, EnerygyQuest CEO.

The report highlights CCUS as a critically important part of achieving the 2050 net-zero greenhouse gas emissions target.

South Australia Keeps Buzzing With a Hive of Activities

26/10/2024 Posted by Dale

MONTHLY MEETINGS

In late September, PESA SA/NT was treated to an enthralling discussion from Glenn Toogood (entX) and Tim Rady (Geomorph Energy) discussing the salt cavern storage potential of the Polda Basin. This basin is a Neoproterozoic to Jurassic sedimentary basin, extending from the Great Australian Bight to the central Eyre Peninsula, South Australia. It has previously been explored for petroleum, uranium, coal, groundwater, base metals, potash and diamonds.

Oil and Gas Operation Unearths Massive Lithium Discovery in the USA

24/10/2024 Posted by Dale

Using a combination of water testing and machine learning, a U.S. Geological Survey-led study estimated between 5 and 19 million tons of lithium reserves are located beneath southwestern Arkansas, in the USA. If commercially recoverable, the amount of lithium present would meet projected 2030 world demand for lithium in car batteries nine times over.

The study’s novel methodology, carried out collaboratively by the USGS and the Arkansas Department of Energy and Environment’s Office of the State Geologist, made it possible to quantify the amount of lithium present in brines located in a geological unit known as the Smackover Formation.

‘Hydrogen Aviation Has to be done Properly, or Not at All’

24/10/2024 Posted by Dale

By Dr James Jeffs,Principal Technology Analyst at IDTechEx

IDTechEx’s report, “Sustainable Future Aviation 2025-2045: Trends, Technologies, Forecasts”, finds that hydrogen is likely to be a main contender for decarbonizing the aviation industry. The report finds that the hydrogen commercial airliner market will exceed US$20 billion in 2045. However, the technology used on the planes and the source of the hydrogen needs to be considered carefully before the industry can celebrate significant carbon reductions. If done incorrectly, hydrogen planes could be worse for the environment than existing jet fuel-powered planes.

There are three key issues and choices that...

PESA WA Technical Luncheon: Unlocking New Gas Potential in Queensland’s Taroom Trough

21/10/2024 Posted by Dale

By Xipo Zhang

On Thursday, 17th October 2024, PESA WA hosted a well-attended technical luncheon at the Parmelia Hilton in Perth. Over 50 industry professionals gathered to hear Neil Young, Managing Director of Elixir Energy, deliver an insightful presentation titled “A New Play is Being Proven in Queensland’s Taroom Trough”.

Neil Young’s presentation focused on the Grandis Project, Elixir Energy’s groundbreaking initiative in the Taroom Trough — a promising unconventional gas,play. Located in the Southern Bowen Basin, the Taroom Trough holds immense potential to supply gas to both East Coast and international markets.