Tamboran has reflected on four key milestones as it charts its course towards future gas supplies to the eastern states, Asia and the Northern Territory.
The ASX and NYSE-listed explorer revealed:
That the year to June 2024 was one in which Tamboran kicked key goals by:
Via the company’s successful IPO on the NYSE Tamboran had also:
Key markets in the electric vehicle (EV) transition are falling behind in their stated goals for public charging infrastructure, according to latest figures on World EV Day™.
The data reveals that the US, Europe and the UK are more than six times behind the number of plugs needed to meet growing EV demand by 2030. The US, the world’s second-largest EV market, has under 200,000 publicly available charging ports*, with over one million more needed by 2030, according to McKinsey**, representing a 550% increase. Europe needs a 5.
The cost of developing new upstream oil projects is continuing to rise as inflationary pressure and supply chain woes endure. New research from Rystad Energy shows that the average breakeven cost of a non-OPEC oil project grew to $47 per barrel of Brent crude, a 5% increase in the last year alone. Despite rising costs, breakevens are still less than current oil prices.
Offshore deepwater and tight oil projects remain the most economical new supply sources, with oil sands still the most expensive.
In this article, Dr. Neil Bird, Chief Scientist at Fluenta, has provided commentary on the new Bureau of Land Management rule targeting methane management in the oil and gas industry. He highlights the need for operators to adopt advanced technologies like ultrasonic meters to stay compliant, reduce emissions, and prepare for increased scrutiny with the upcoming MethaneSat data.
"As the oil and gas industry grapples with the recent Bureau of Land Management rule change, it’s clear that we’re entering a new era of accountability, especially when it comes to managing methane emissions.
Rob Kirk, a 35-year career geologist, has researched "Onlaps" and lectured in seismic stratigraphy for the past decade. He shares some of his discoveries here.
Geological models are used to help with our geo-predictions up and down dip. We usually only have a few one-dimensional control points (wells) and a seismic grid to predict reservoirs, seals and source in our acreage. Seismic is often used only structurally, and if stratigraphy is contemplated, it is often via a few simplistic amplitude extractions.
Rick Wilkinson, editor of new report released by independent energy consultancy EnergyQuest, West Coast Gas Outlook 2024 – Calm before the storm?, shows that WA’s domestic gas market is likely to see significant supply shortfalls from 2029 onwards.
The West Coast Gas Outlook 2024 shows the WA Government didn’t need to make major changes to its Domestic Gas Policy to ensure sufficient domestic gas supply over the next four years, but we are in the calm before the storm and changes to the Policy are on the cards from 2029.
“Fast escalating geopolitical risk is driving oil prices higher.
The intensifying conflict in the Middle East is generating significant supply concern in the global crude market, with prices up more than 4% (in the first week of October).
The potential for supply disruptions – particularly, but not exclusively from Iran – increases as the fighting intensifies.
But OPEC+ still sits on unusually ample spare capacity, which is the result of successive production cuts over the past two years.
This spare capacity is for now preventing runaway prices amid one of the deepest and most pervasive crises in...
Chevron is closing in on a$53 billion merger with Hesss ...subject to Arbitration
U.S energy giant Chevron and Hess Corporation, have sidelined the Federal Trade Commission (FTC) antitrust review in spite of moves for˙Hess’s Chief Executive Officer (CEO) to join the oil major’s board on the basis of his previous connection with global competitors such as OPEC.
An ongoing arbitration process initiated by Hess’ Stabroek block partners have overlapped issue with the assets off the coast of Guyana which has complicated the propose merger.
The Chevron-Hess merger has passed the FTC antitrust review --satisfying one of the closing conditions for the transaction, the Federal Trade Commission’s action to resolving key antitrust concerns related to the acquisition ended up approving a proposed consent order that would prohibit Chevron from appointing John B. He
For OPEC, it is a great honour to launch the World Oil Outlook (WOO) 2024 in Brazil. The country’s comprehensive and inclusive approach to energy issues has been on display through its G20 presidency in 2024, and will no doubt be central to its hosting of COP30 in 2025. This stance is fully in line with OPEC’s development of its WOO, as well as the Charter of Cooperation between OPEC and participating non-OPEC countries, a voluntary framework for dialogue and a platform for multilateralism.
This year’s WOO provides governments, policymakers and people around the world with realistic and sustainable future energy pathways.
New Fortress Energy,s’s first Fast LNG (FLNG) asset, FLNG 1 – comprising three repurposed jack-up rigs off the coast of Altamira – has had its first full LNG cargo fully loaded onto the Energos Princess, which setsail for Europe. This comes less than two months after completing the first cargo load and sail operation.
“This is a significant milestone for our Fast LNG installation.