Industry News

Denison Gas has been granted two new exploration permits in Queensland’s southern Bowen Basin, giving Denison greater exposure to Australia’s east coast gas market.

The new permits follow the appointment of Denison as preferred developer for three new exploration areas by the Queensland Government in June this year.

Denison now has satisfied all pre-conditions for the formal granting of permits for two of the three exploration areas, resulting in the permits for Authority to Prospect (ATP) 2073 and ATP 2075 on 16 June 2024.

Notably, the location of both the new areas enables seamless integration into Denison’s existing operational activities.

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

Inventor and Pivotree Managing Director Chris Merrick said the Pivotree TM 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.

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Santos’ Wilga Park Power Station is now producing enough electricity to power 32,000 homes in New South Wales and it’s all being done using locally-sourced natural gas.

Santos is pumping around 4TJ/day of natural gas to Wilga Park, where it’s converted to electricity for the state’s power grid.

Santos Managing Director and Chief Executive Officer Kevin Gallagher said 4 TJ/day is just the start of the region’s energy generating potential.

“The gas is coming from our appraisal wells near Narrabri, which were drilled to help determine how much natural gas is right under our feet, here in NSW,” Mr Gallagher said.

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MOL Pakistan has announced three significant gas discoveries in the TAL Block, located in an area where the company has operated in for 25 years and produced hydrocarbons for 19 years.

The Razgir-1 exploratory well was spudded on 9 January 2024, and drilled to 3,950 meters. Three successful well tests were conducted in three separate geological formations. MOL is the operator of the TAL Block and has an 8.4 % share of volumes produced.

MOL spudded the Razgir-1 well in January 2024 and completed it ahead of the target date.

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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.

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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.

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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.

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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.

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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.

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