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 capture
Australia is already home to two world class carbon capture...
Industry News
Shearwater Awarded Second Angolan OBN Survey by TotalEnergies
Shearwater Geoservices Holding AS (“Shearwater”) has secured its second award from TotalEnergies for an Angolan OBN project. This follows the recent award of a project at block B32 on October 9, 2024.
The three-month deepwater OBN survey at B20/11 covering the Golfinho and Cameia fields, will utilise the Shearwater OBN platform comprising of the Pearl node and the company’s fit for purpose dual ROV-equipped SW Tasman. The SW Gallien will be acting as source vessel and the project...
Beach Delivers First gas from Thylacine West
Beach Energy Ltd (ASX: BPT, Beach) is pleased to announce first gas from the Thylacine West 1 and 2 development wells following successful connection to the Otway Gas Plant.
The Thylacine West development wells are located approximately 70 kilometres south of Port Campbell at a water depth of approximately 100 metres. The field is connected to the Thylacine subsea network via a 4.2 kilometre 8” flowline.
Commenting on first gas, Managing Director and CEO Brett Woods...
Viridien and SLB complete the data acquisition for a multi-client survey in Bonaparte Basin, offshore Australia
Viridien and SLB have recently completed the acquisition of a new multi-client survey in the Bonaparte Basin, off the NW coast of Australia, that has received industry support and prefunding. The resulting 6,760 sq km ultramodern PSDM seismic data set will provide a thorough evaluation of this highly prospective and underexplored area to improve industry understanding. The data is currently being processed and the final data will be available in Q2 2025.
The complex geological area...
Kinetiko Slumps on ‘Unexpected’ Drill Result in South Africa
'Kinetiko Energy Ltd (ASX: KKO) has seen its share price plunge 28% after the first of a five-well drilling program failed to find commercial gas quantities.
The Perth-based explorer is developing an energy solution for South Africa focused on commercialising its 100% owned advanced shallow conventional gas projects in the Mpumalanga Province. At press time KKO as priced at 6.8c.
Drilling at well 271-23PT commenced on Friday, 27 September and was completed ahead of schedule on...
Oil and Gas Operation Unearths Massive Lithium Discovery in the USA
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...
Santos Announces Financing of Darwin LNG Life Extension Works
Santos has announced the Darwin LNG joint venture -operated by Santos and in which Santos holds a 43.43 per cent interest -has achieved financial close of new syndicated bank loan facilities totalling US$800 million.
The facilities comprise a US$350 million 7-year, partially amortising loan maturing in 2031 and a US$450 million, 12-year partially amortising loan maturing in 2036. The facilities are senior-secured by Darwin LNG Pty Ltd. The shareholders in Darwin LNG Pty Ltd, including...
Woodside to Delist from London Stock Exchange
Woodside has reviewed its current listing structure and decided to delist from the London Stock
Exchange (LSE).
Woodside shares represented by depositary interests account for approximately 1%
of Woodside’s issued share capital.
Trading volumes of Woodside shares on the LSE were low and delisting from the LSE will reduce Woodside’s administration costs, the company said.
Woodside has applied to the UK Financial Conduct Authority (FCA) and the LSE to cancel the
admission of...
Shearwater Secures Towed Streamer Projects in Asia Pacific
Shearwate has announced the award of two consecutive towed streamer survey projects in the Asia Pacific Region with a combined duration of three months.
The Shearwater multi-sensor vessel Geo Coral is allocated to the projects which commences early in Q4 2024.
Shearwater is a global marine geoscience and technology business that specialises in collecting data offshore. The organisation uses state-of-the art seismic vessels and equipment to explore the seabed and...
Lagging Renewables in North Asia may mean more LNG
By Rick Wilkinson
The North Asian trio of Japan, Korea, and Taiwan play a major role in global LNG markets. According to the International Group of Liquefied Natural Gas Importers, they were the second, third, and fifth largest LNG importers, respectively, in 2023, collectively accounting for one third of global LNG imports.
However, they have been following different trajectories. Japanese LNG demand has been falling while demand has been growing in the other two countries. Japan and Korea...