~1Tcf Pmean Recoverable Gas
East Coast Gas Shortage
Mapped and ready to be evaluated
Gas transmission infrastructure
Industry News
DEAL DAY: Geothermal Commercialisation Project North Perth Basin, Western Australia
Sangomar Production Update
Woodside, operator of the recently onstream Sangomar oil field provided a production update in February.
Sangomar is located approximately 100km offshore Senegal in a water depth of 800m. Development phase 1 saw 11 producers, 10 water injectors and two gas injectors producing oil back to the “Leopold Sedar Senghor” FPSO with over 80% of production coming from the S500 reservoirs.
The FPSO arrived at the site in February 2024 with commissioning and hooking up of the wells occurring in the first half of the year.
Sangomar came onstream in June 2024 and produced 13.
US Power Prices ‘Set to Surge’ saysWoodMac
LOBE NEWSWIRE) -- US power demand has remained essentially flat for the past decade, but this is all about to change as a pending surge in demand growth will be the biggest challenge for utility companies in decades, according to the latest Horizons report from Wood Mackenzie.
According to the report, “Gridlock: the demand dilemma facing the US power industry” US electricity demand growth will be between 4% and 15% through 2029, depending on the region, with burgeoning data-centre development, a resurgence in energy-intensive US manufacturing, and greater transport and heating electrification driving electricity demand growth not seen since the 1990s.
NZ looking to encourage exploration
The New Zealand government is currently proposing a series of changes to the “Crown Minerals Act 1991” including:
The proposed amendments come in response to declining gas reserves within New Zealand (down 17% to January 2023) and associated energy security concerns.
The consultation period for these amendments is due to close on February 11, with changes possible during the year.
Barossa on-track
Santos announced in it’s fourth quarter report, that the Barossa project is 88.3% complete and still on track for first production in 2025. The second and third wells of the six-well program have been completed with good results, both the fourth and fifth wells have been spudded.
The project consists of up to eight subsea wells and a subsea production system bringing gas and condensate to an FPSO. Water, gas and condensate will be separated at the FPSO with gas transported via an approximately 300km pipeline to Darwin. Condensate is to be transferred from the FPSO to tankers for sale.
Dorado Deferred
On 21 January 2025, Carnarvon Energy announced that the Santos operated Dorado Phase 1 liquids development will not enter FEED and hence the previous target of FID in 2025 will be deferred.
The Dorado Joint Venture of Santos (80% and operator), Carnarvon (10%) and CPC (10%) are continuing to review the timeline for the project with additional exploration wells within the permit planned for 2026.
Moving in the Wrong Direction: Flaring Emissions on the Rise, ‘Reversing a Positive Trend’
Flaring emissions from global upstream oil and gas production activity increased by 7% from 2022 to 2023, according to latest Rystad Energy research. Upstream activities emit about 1 gigatonne per year of carbon dioxide (CO2) in total, with flaring contributing around 30% of those emissions in 2023 assuming 98% flaring efficiency on average. Flaring reduction is considered a low-hanging fruit for oil and gas companies trying to reduce their carbon footprint. However, this recent uptick underscores the challenges facing the industry, particularly in key producing countries such as Russia, Iran and Iraq.
Flaring — the process of burning off excess natural gas during oil extraction — has been a longstanding concern for environmentalists and policymakers. A
Beach Announces CCS start-up at Moomba
Beach Energy said it was pleased to announce successful commissioning and ramp-up of the Moomba Carbon Capture and Storage (CCS) project1, one of the world’s largest CCS projects.
All facilities, pipelines and injector wells have been commissioned and brought online. Following first CO2 injection on 30 September 2024, daily injection has reached capacity rates, exceeding expectations for the commissioning phase and indicating the project’s potential to capture and store approximately 1.7 million tonnes of CO2 per annum.
Moomba CCS is adjacent to the Moomba Gas Plant in the Cooper Basin, South Australia.
Finder Energy are seeking partners for PSC 19-11 in Timor-Leste
Finder underwent a transformational change from a pure explorer to a developer through the acquisition of discovered oil fields in Timor-Leste. Finder is now moving quickly to progress development activity on the Kuda Tasi and Jahal Oil Fields.
Aaron Bond (Exploration Manager) said: "We are busy working through our commitments and developing our organisation to establish the requirements of an early production opportunity and a full field development. Currently the project is in the concept select phase and progressing through the requirements to satisfy the gated process including targeting suitable Drilling Rigs, FPSO’s and SURF requirements.