PESA Gazette

Acreage Release Restrictions Reading the ‘Last Rites’ on Offshore Exploration in Australia

15/08/2024 Posted by Dale

The ink had barely dried on the Federal Government’s Future Gas Policy announced in May and the euphoria was short lived barely a month later when Canberra belatedly announced new exploration export permits for the 2022 offshore acreage release.

Those with a glass half full attitude might toast Resources Minister Madelaine King – who often appears to be fighting a lone crusade in Canberra on behalf of the mining and oil and gas sector – for reaching this milestone two years later, but for many others in the geosciences sector the alarm bells started ringing.

The Department...

Arrow Energy Surat Gas Project North Expansion to start in late 2024

15/08/2024 Posted by Dale

Arrow Energy has announced a major expansion of its 27-year Surat Gas Project (SGP) to an area north-east of Miles in Queensland’s Western Downs.

Known as SGP North, the development will bring more than 130 terajoules of additional gas to market per day for long-term contract and domestic customers. The expansion is part of the SGP development, which will have the capability to produce more than 4000 petajoules of gas over the life of the project.

Construction on SGP North is scheduled to begin later this year, with infrastructure to include up to 450 new gas production wells, a new field compression station, 27km of pipeline, and road and infrastructure upgrades over two phases.

PESA WA-SPE annual joint event is once again well attended and enjoyed by all

15/08/2024 Posted by Dale

PESA West Australia and SPE West Australia, the two largest oil and gas professional organizationsin Perth, held their annual joint event on Thursday, 18 July.

Zhang Xi Po was at the event, hosted at the Parmelia Hilton in Perth, and said it was a resounding success with about 100 attendees from government bodies, oil and gas companies, and universities in attendance.

The evening began with a networking session, followed by engaging presentations. The presentersaddressed questions from the excited audience, contributing to the dynamic and interactiveatmosphere.SPE WA Section Charman Jeff Zhang and PESA WA President Adam Craig made the openingspeeches.

Rosie Johnstone, a sedimentologist and geoscientist with over 25 years of experience in oil and gas exploration and carbon capture and storage (CCS), currently works with Geovault.

Vale Grant Ellis

15/08/2024 Posted by Dale

PESA WA Branch has mourned the passing of another giant of a geologist, namely former Branch President Grant Ellis, who was both fondly and sadly remembered at his funeral where the following tributes were read out to his life and legacy.

Grant was born in 1949, the second child of Norma and Ken Ellis. He and his sisters Bronwyn, Janand Yvonne lived in Adelaide. He went to Black Forest Primary School and later Marion High School.His interest in rocks and big collection of them led to his bedroom being called ‘Grant’s Tomb’.

Pivotree successfully tests subsea production tree and vessel mooring system

15/08/2024 Posted by Dale

Oil and gas technology company Pivotree has built and tested a full-scale prototype of its Australia made integrated subsea production tree and vessel mooring system.

Inventor and Pivotree Managing Director Chris Merrick said the PivotreeTM technology has the potential to revolutionise offshore energy development, making previously marginal and stranded oil and gas fields both profitable and sustainable.

Designed and built in Perth, Western Australia, the 44-tonne full-scale prototype combines traditional subsea tree technology with several new elements that allow it to swivel, providing 360-degree mooring capability for offtake vessels.

“In combination, the Pivotree and FPSO represent a fully functional and self-sustaining field development concept that requires no additional infrastructure such as spread moorings, platforms, flowlines, pipelines and manifolds,” Mr Merrick said.

Fluenta appoints Pioneer Industrial as its exclusive channel partner

15/08/2024 Posted by Dale

Fluenta, a company focused on developing ultrasonic sensing technology to measure flare gas, has appointed Pioneer Industrial as a exclusive Channel Partner.

Fluenta said that With new Bureau of Land Management (BLM) regulations set to come into force before the end of this year, its flare gas measurement solutions would offer a vital piece of the jigsaw in ensuring compliance.

“The launch of MethaneSat earlier this year, alongside an increased focus on flare emissions, is shining a spotlight on operators around the world.

North West Shelf CCS award puts a spring in the step of InCapture

15/08/2024 Posted by Dale

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 location “offers potential for long-term, safe, and secure greenhouse gas storage.

NT gas supply deal with NT government puts Empire Energy’s Carpentaria on the front row of the grid

14/08/2024 Posted by Dale

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 increase the supply by up to 10TJ per day subject to certain production milestones:

Empire Energy said the volume under the Option Supply is limited to 10% of production from the Carpentaria Project if production reaches 100 TJ / day.

Beach sales climb off Waitsia cargoes and high oil prices

14/08/2024 Posted by Dale

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. Despite lower production, sales volumes were up 3% to 21.3 MMboe and revenue up 9% to $1.

East coast gas supplies forecasts ample supply for fourth quarter

14/08/2024 Posted by Dale

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 gas, there would be enough gas to meet demand in the east coast in the final quarter of 2014.

In the event of a local gas supply emergency, the Australian Energy Market Operator’s (AEMO) has powers allowing it to step in and intervene by redirecting gas flows.