YOU Could almost hear the palpable sigh of relief at AEP’s offices in Canberra, albeit with a healthy dose of cynicism as Victoria signalled a refreshed new attitude to resolving the state’s looming gas supply shortage.
“The Victorian Government’s commitment to fast-track approvals for new gas supply is welcome and long overdue,” AEP Chief Executive Samantha McCulloch said in a media release “but will need to be backed by immediate action if the state is to avoid looming...
Guyana and Suriname are looming as potential and competitive liquefied natural gas (LNG) exporters to their Caribbean neighbours, South America and Southeast Asia, according to research by Wood Mackenzie (WoodMac).
With an estimated 13 trillion cubic feet of discovered non-associated gas in aggregate, the Haimara cluster in Guyana’s Stabroek block and the Sloanea discovery in Suriname’s Block 52 could supply up to 12 million metric tons per annum (MMtpa) of LNG by the next decade,...
Argentina’s Vaca Muerta shale play reached a new oil production record of 400,000 barrels per day (bpd) in the third quarter and is on track to hit 1 million bpd by 2030, according to Rystad Energy’s latest analysis.
The 35% year-on-year surge in third-quarter production was driven by improved productivity and expanded takeaway capacity, led by flagship operator Yacimientos Petrolíferos Fiscales (YPF) and bolstered by local independent producers.
YPF, which accounted for nearly...
The Environmental Defender’s Office (EDO) will have to pay Santos $9 Million in legal fees after its failed court bid to stop the Barossa Project in the Northern Territory.
Santos, nevertheless, wants the EDO to reveal who funded its legal fees after the taxpayer-funded organisation brought the case against Santos on behalf of the Timor Islanders alleging that the pipeline would upset or anger two revered creatures the Rainbow Serpent and Crocodile Man.
Federal Court Judge Natalie...
The global oil and gas contract activity saw a 35% quarter-on-quarter decrease in total disclosed value from $55.3 billion in Q2 2024 to $35.7 billion in Q3 2024. Despite this, steady contract volumes, particularly in the Middle East, were driven by substantial projects such as Saipem’s $4 billion contract with QatarEnergy and multi-billion-dollar agreements from Saudi Aramco, providing some stability, reveals GlobalData, a leading data and analytics company.
GlobalData’s latest...
The extent of the Environmental Defenders Office’s (EDO) inappropriate conduct has been laid bare in Federal Court documents, reinforcing the need for an immediate halt to taxpayer funds to the activist lawfare group.
This was the assertion of Australian Energy Producers Chief Executive Samantha McCulloch,who said the documents revealed in The Australian show the depths of what Justice Natalie Charlesworth described in her judgment as the EDO’s “distorted...
First gas is set to flow from Senex Energy’s $1 billion Atlas natural gas field expansion following the official opening on Sunday 24 November 2024 of the Surat Basin processing facility in Queensland.
Senex Energy shareholders, represented by POSCO International Corporation CEO Kyein Lee and Hancock Prospecting Executive Chairman Mrs Gina Rinehart AO were there to mark the significant milestone alongside representatives from all levels of Government and the Wandoan community.
The...
Shearwater Geoservices has received a LOA from ONGC for a large 3D seismic survey off the east coast of India.
The high-capacityOceanic Sirius will carry out the survey, covering an area of approximately 2,200 square kilometers, which is expected to take approximately 4 months, commencing early 2025.
Irene Waage Basili, CEO of Shearwater, said: “Our expertise in 3D seismic acquisition, combined with our track-record of 8 consecutive seasons of India...
Western Australia has reaffirmed its commitment to net zero with a plan for carbon capture, utilisation and storage (CCUS) announced late November.
“The WA Government’s CCUS Action Plan and funding support is evidence of how states can seize the economic opportunities of net zero while reducing emissions,” Australian Energy Producers WA Director Caroline Cherry said.
“The Action Plan is an important step to attracting investment in CCUS, creating new jobs, and building a major...
The global transition to clean energy is gaining momentum, heavily relying on renewable technologies such as solar PV cells and wind turbines, alongside energy transition solutions like hydrogen, energy storage, and carbon capture. This shift has triggered an unprecedented surge in demand for critical minerals, posing significant challenges in achieving international energy transition goals, says GlobalData, a leading data and analytics company.
GlobalData’s latest Strategic...