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OPEC+ increased crude oil production by 212,000 barrels per day in February
- Publication Name: PESA News
- Authors: Dale Granger (ed.)
- Date Published: March 2024
Abstract:
According to Rystad Energy data and research, crude production in OPEC+ countries increased by 212,000 barrels per day (bpd) in February over January output. Most of the increase was a result of a recovery in Libyan production (165,000 bpd) following...
Australia has running repairs to do to salvage tarnished trade trust reputation
- Publication Name: PESA News
- Authors: Dale Granger (ed.)
- Date Published: March 2024
Abstract:
Santos CEO Kevin Gallagher says Australia’s status as a bountiful and reliable source of gas supply to the hungry, energy consuming hubs of Asia had waned in recent years and it was time for the country to step back up and restore its reputation as...
Exploration: The Fading Frontier
- Publication Name: PESA News
- Authors: Rick Wilkinson
- Date Published: March 2024
Abstract:
Last Quarterly we wrote about Australia’s peak petroleum moment. The data for 2023 is in, and confirms that Australia’s petroleum production has peaked, and decreased by 18 million barrels of oil equivalent (MMboe) in 2023....
Seismic Snapshots – First Quarter 2024 – PESA News Issue 172
- Publication Name: PESA News
- Authors: Dale Granger (ed.)
- Date Published: March 2024
Abstract:
PESA News 172 Seismic Snapshots
- AEMO warns diesel powered electricity looms without new gas supply
- Harvester Energy awarded two North Sea blocks to progress patented small-field production system
- CGG Aims to Hi...
DUG announces global processing partnership with Wintershall Dea
- Publication Name: PESA News
- Authors: Dale Granger (ed.)
- Date Published: March 2024
Abstract:
DUG Technology (DUG) has announced a new partnership with European independent oil and gas company Wintershall Dea with the formation of a global “virtual seismic processing centre” that will utilise DUG’s seismic data processing and imaging ex...
The White Gold Rush and The Pursuit of Natural Hydrogen
- Publication Name: PESA News
- Authors: Dale Granger (ed.)
- Date Published: March 2024
Abstract:
The buzz around natural hydrogen – dubbed white or gold hydrogen – is gaining global momentum as a potential gamechanger in the hunt for cost-effective, low-carbon energy sources. Rystad Energy research shows that at the end of last year, 40 comp...
Melbana Magic Woos ‘Cowardly Capital’ to Hydrocarbon Haven in Communist Cuba
- Publication Name: PESA News
- Authors: Dale Granger (ed.)
- Date Published: March 2024
Abstract:
The mention of Cuba conjures up images of unblemished, pastel-coloured Cadillacs dating back to the Buddy Holly era, American and Soviet warships staring one another down in a nuclear missile standoff, Havana cigars and Che Guevara and Fidel Castro t...
Leakage Risk and Potential Impacts on Groundwater – What’s Different About CCS?
- Publication Name: PESA/CSIRO CCS Knowledge Transfer Series
- Authors: Karsten Michael (CSIRO)
- Date Published: March 2024
Abstract:
Like any oil and gas operation, CCS projects need to assess environmental impacts, including potential impacts on groundwater. The identification of potential leakage pathways and approximation of leakage rates are a critical part of the site selecti...
Social Licence and Regulation
- Publication Name: PESA/CSIRO CCS Knowledge Transfer Series
- Authors: Linda Stalker (CSIRO)
- Date Published: February 2024
Abstract:
There is a broad spectrum of expertise and skills required to develop and operate a CCS site. Two aspects that seem to be far removed from geoscience and engineering are these: social licence and regulation. However, both aspects are critical to de...
Sea-Quester Offshore Looks to South Perth Basin for Open-access Solution to CO2 Disposal
- Publication Name: PESA News
- Authors: Dale Granger (ed.)
- Date Published: December 2023
Abstract:
The Kwinana Industrial Area south of Perth in Western Australia is one of the largest heavy industry precincts in the country. It is home to petroleum and minerals refineries, power stations, chemical plants, cement works and a vast array of support ...
Aerospace Sector’s Growing Appetite for Steel Threatens Metal Supply for the Energy Industry
- Publication Name: PESA News
- Authors: Dale Granger (ed.)
- Date Published: December 2023
Abstract:
A vigorous recovery from the global aerospace industry has increased demand for nickel, a key aircraft component prized for its corrosion resistance, high strength and exceptional mechanical properties. This could inadvertently complicate or delay ne...
U.S. Scientists Work to Stave Off Desertification
- Publication Name: PESA News
- Authors: Linda Wang
- Date Published: December 2023
Abstract:
With climate change doomsdayers conjuring up futuristic images of scorched earth landscapes and scenes more reminiscent of Mad Max than any Garden of Eden utopia, geologists may wonder what their workplace will be like in the years to come. The good ...
New LNG production & Marine Bunkering Capability at Port Hedland Targets Pathway to IMO 2050 ‘zero-emissions’ Through Onboard Hydrogen Production
- Publication Name: PESA News
- Authors: Dale Granger (ed.)
- Date Published: December 2023
Abstract:
Pilbara Clean Fuels Pty Ltd is progressing a development concept for a new, mid-scale, low carbon footprint LNG plant to be located at Port Hedland in Western Australia, the world’s largest iron ore export port. The project will provide an Australi...
All Hands Needed at the Pump to Extinguish Climate Change Fires & Expedite Coveted Energy Transition Outcomes
- Publication Name: PESA News
- Authors: Dale Granger
- Date Published: December 2023
Abstract:
On the surface a seemingly faster spinning world is at an inflection point, but understanding the subsurface holds the key to a successful energy transition, which brings geoscientists of all persuasions, including petroleum, into play to confront a ...
Seismic Snapshot – Fourth Quarter 2023 – PESA News Issue 171
- Publication Name: PESA News
- Authors: Dale Granger (ed.)
- Date Published: December 2023
Abstract:
Seismic Snapshot - Fourth Quarter 2023
- Offshore Approval Chaos as Wait Times Blow out to 562 Days and Counting
- PGS and TGS Shareholders Approve Merger Plan
- World-first Hydrogen and Renewable Energy Bill 2023 Gets...
A Fresh Look at the South Australian Onshore Otway Basin (Insights from Dem’s Petroleum Systems Model Project)
- Publication Name: PESA News
- Authors: Dale Granger (ed.)
- Date Published: December 2023
Abstract:
The Otway Basin is one of the best known Mesozoic rift basins that span the southern coastline of Australia and has both on and offshore gas production and oil discoveries. 104 petroleum and 6 geothermal wells have drilled since the 1890s. In 1987 Ka...
Vlaming Sub-basin CO2 Storage Project
- Publication Name: PESA News
- Authors: Dale Granger (ed.)
- Date Published: December 2023
Abstract:
As part of the Australian Government's National CO2 Infrastructure Plan (NCIP), Geoscience Australia undertook a comprehensive study in the offshore Vlaming Sub-basin to provide new pre-competitive data and information on potential CO2 storage soluti...
New Gas Supply Needed in all Net Zero Pathways: EY Report
- Publication Name: PESA News
- Authors: Dale Granger (ed.)
- Date Published: December 2023
Abstract:
Australia will still need substantial gas production 26 years from now to ensure reliable and affordable energy in 2050, even under a net zero scenario, according to The future role of natural gas in Australia and the region. EY was commissioned by A...
Storage Resource Estimation and Injection Strategies – What’s Different About CCS?
- Publication Name: PESA/CSIRO CCS Knowledge Transfer Series
- Authors: Karsten Michael (CSIRO)
- Date Published: November 2023
Abstract:
For the successful implementation and regulation of CO2 geological storage operations, it is important to establish a reliable definition, classification, and estimation of storage resources. For this purpose, the Society of Petroleum Engineers (SPE...
Reservoir Engineering and Simulation for CCS
- Publication Name: PESA/CSIRO CCS Knowledge Transfer Series
- Authors: Jonathan Ennis-King (CSIRO)
- Date Published: October 2023
Abstract:
The practice of reservoir engineering and simulation in CCS begins with the standard physics of multiphase flow in porous media, but with CO2-specific properties to be represented, especially the solubility of CO2 in brine and the matching changes in...
Thermophysics and Multiphase Flow in CCS
- Publication Name: PESA/CSIRO CCS Knowledge Transfer Series
- Authors: Samuel Jackston (CSIRO)
- Date Published: October 2023
Abstract:
In the second talk of the CCS Knowledge Transfer Series, we will discuss the physics and thermodynamics of CO2 flow in relation to CCS. We will highlight key differences, in terms of phase behaviour, between CO2 and other fluids more typically encoun...
Carnarvon’s Path to Paradise is Paved With Pavo Aspirations
- Publication Name: PESA News
- Authors: Dale Granger
- Date Published: September 2023
Abstract:
Carnarvon Energy has shifted focus back to its core business of exploration with the spotlight specifically on Pavo, the biggest oil discovery in Australia in 2022 which is located only 40km away from Dorado presenting superb tie-back potential to th...
The Juicy Geology That Has Pavo Pioneers Salivating
- Publication Name: PESA News
- Authors: Dale Granger (ed.)
- Date Published: September 2023
Abstract:
Roisin McGee, Geoscience Manager at Carnarvon Energy, has unpacked for PESA News the geological attractions that resulted in the prolific Pavo discovery. Like Dorado, the Pavo structure was created by the erosion of the early Triassic-aged Dorado Can...
South Australia Has Opened its Doors to Hydrogen Exploration
- Publication Name: PESA News
- Authors: Elinor Alexander - South Australian Department for Energy & Mining
- Date Published: September 2023
Abstract:
South Australia is currently the focus of company natural hydrogen exploration in Australia. Why the current interest?...
Seismic Snapshot – PESA News Issue 170
- Publication Name: PESA News
- Authors: Dale Granger (ed.)
- Date Published: September 2023
Abstract:
Seismic Snapshot
- Report Finds Growing Role for Natural Gas in Fuelling WA Economy
- Shearwater Announces Seismic on Steroids With NVIDIA GPU-Acceleration
- Tamboran Intersects 90-Metres High Quality Mid Velkerri B...
Jon Cocker Paddles In As Winner of the Barry Goldstein Medal
- Publication Name: PESA News
- Authors: Dale Granger (ed.)
- Date Published: September 2023
Abstract:
South Australia PESA member and Beach Energy Manager of Geophysics Jon Cocker has been named winner of the Barry Goldstein Medal for Innovation, Collaboration and Communication in Geoscience for outstanding creativity in the field of onshore seismic ...
2022 Exploration & Appraisal Year in Review
- Publication Name: PESA News
- Authors: Adam Craig
- Date Published: September 2023
Abstract:
Petroleum exploration activity in Australia decreased in 2022. The total number of exploration wells drilled and expenditure across Federal offshore and state jurisdictions decreased from 2021 levels. The number of exploration permits awarded and acr...
Oil Jumps to 10-Month High As Saudi Arabia Extends Voluntary Cuts
- Publication Name: PESA News
- Authors: Jorge Leon
- Date Published: September 2023
Abstract:
Saudi Arabia announced in early September that they will extend the 1 million bpd voluntary cuts in oil production until December 2023. This is a clear indication that oil prices trump volumes for the Kingdom....
Conventional Exploration Grows, but Discovered Volumes Remain Elusive
- Publication Name: PESA News
- Authors: Henrik Fiskadal
- Date Published: September 2023
Abstract:
Spending on conventional oil & gas exploration is rebounding and expected to top $50 billion this year, the highest since 2019, but operators are still waiting for the results they had hoped for. Rystad Energy research shows that despite the rising i...
North Sea Oil & Gas Industry Booms With Increasing Production & Investments
- Publication Name: PESA News
- Authors: Dale Granger (ed.)
- Date Published: September 2023
Abstract:
Norway and the UK have overcome recent challenges and are on course to achieve significant milestones due to notable increases in investments, exploration success and production. Solid oil & gas production from the region is also providing indispensa...