Leigh Creek Energy’s (LCK) said its syngas resource at Leigh Creek has received reserve certification, unlocking South Australia’s largest gas reserve for commercial use. LCK announced that it had received a PRMS certificate of 1,153PJ (petajoule) 2P syngas reserves, making Leigh Creek’s commercial deposit in the far north of SA ‘larger than reserves currently located within the Cooper Basin’.
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North America expected to add 265 mtpa of LNG liquefaction capacity in 2023
North America will be the major contributor to the growth of global liquefied natural gas (LNG) liquefaction capacity between 2019 and 2023, accounting for around 72% of the total global capacity from planned and announced projects, according to data and analytics company, GlobalData. The company’s report: ‘H1 2019 Global Capacity and Capital Expenditure Outlook for LNG Liquefaction Terminals -- US Continues to Dominate Global Liquefaction Market with Staggering Capacity Additions' reveals that around 366 million tonnes per annum (mtpa) of LNG liquefaction capacity is expected to be added during the outlook period (2019–2023), from planned and announced projects globally.
CGG GeoSoftware supports geoscience training with renewal of HampsonRussell software donation to Portugal’s CERENA/IST University
GeoSoftware, part of CGG’s Geoscience Division, has renewed the donation of its HampsonRussell seismic reservoir characterization software to CERENA/Instituto Superior Técnico (IST) University in Lisbon, Portugal. CERENA, a research center of IST, supports IST’s MSc course in Petroleum Engineering with teaching and research in areas relating to oil and gas exploration and production, including the characterization of petroleum reservoirs. CGG’s software technology is already an integral part of the Petroleum Engineering MSc course and related research programs.
‘Limited risk to oil majors’ investments from energy transition in medium term’
Major oil and gas companies are increasingly highlighting the alignment of their corporate strategies with climate change goals. They are also pursuing major production growth projects, but the value risk to these investments from the energy transition is limited, according to data and analytics company GlobalData. The company’s latest analysis shows that planned and announced projects from the six supermajors of ExxonMobil, Chevron, Royal Dutch Shell, BP, Total and Eni are expected to contribute over 5 million barrels per day (mmbd) of gross oil production by 2025.
A Geological Field Guide to Kalgoorlie and Surrounds is launched
The geological field guide to the Kalgoorlie region, produced by Earth Science Western Australia (ESWA), John Bunting and Peter Muhling, was officially launched on Tuesday the 19th of March at the Australian Resources Research Centre, Kensington. This guide is the third produced by this group, with others to Perth and surrounds and the capes region of the Southwest. This launch event was well attended with guests including; field guide contributors, members of ESWA’s Board, sponsors of ESWA, representatives of various educational authorities, teachers and interested parties.
Sercel Extends Boundaries of Well Exploration with SigmaWave, its First DAS Seismic Solution
Sercel has announced the launch of its first distributed acoustic sensing (DAS) seismic solution: SigmaWave. Designed in partnership with Fotech Solutions, SigmaWave is the first integrated distributed acoustic solution designed exclusively for borehole seismic applications and reinforces Sercel’s advanced range of downhole seismic acquisition systems. SigmaWave is fully integrated with Sercel’s existing downhole seismic tools and enables continuous, real-time seismic measurements along the entire length of a fiber optic cable. Whether by retrievable or permanent deployment, it is now possible to visualize and monitor the well in real time and instantly generate SEG-Y files.
‘New reality could unlock £200bn of future UK business opportunities’
A sustained focus on cost and efficiencies with ongoing uncertainty in commodity markets marks the “new reality” for the UK’s offshore oil and gas sector, according to a flagship report into industry performance published recently. Oil & Gas UK’s (OGUK) Business Outlook 2019 finds continued uncertainty in commodity markets is reinforcing investor caution, with forecasts indicating a conservative outlook for prices. Against this backdrop, exploration and production companies remain focused on cost whilst striving for further business and operational improvements.
PESA QLD Luncheon “Making Good Decisions under Uncertainty” – Prof. Steve Begg
On a sweaty Tuesday morning in Brisbane’s February, a diverse group of industry individuals piled eagerly into a training room at Santos’ office, ready to improve their abilities to “Make Good Decisions under Uncertainty”. Under the wise tutelage of Prof. Steve Begg, a man whose experience in the industry and in academia totals more years than most of our student members, participants from companies including Arrow, Central, Geosolve, Santos, Senex, Shell, and others, quickly found out that decision-making is more complex than a first glance would suggest. Opening the course with a questionnaire revealed just how dire the situation was.
PESA WA Evening Talk – AAPG President, Denise Cox
The PESA WA evening talks programme kicked off for 2019 on 12 March, hosted with thanks to our evening talk sponsor Discover Geoscience. The Grand Bar and Bistro was filled to capacity for the talk on the role of geoscience in sustainable energy development – “recycling” the Permian Basin, West Texas presented by visiting AAPG President Denise Cox. Various companies and academic institutions were represented in the crowd of well over 60 initially meeting in the Grand’s outdoor space for food, drinks and networking before heading upstairs for the talk.
‘Production revival and development potential makes Eagle Ford shale a winner’
During 2018, Eagle Ford re-emerged as one of the lucrative destinations for oil and gas companies, according to data and analytics company, GlobalData. The company’s latest market analysis report reveals that the shale play has reverted a production decline and leading operators continue to increase the scale of their operations. There are still some sections within the Eagle Ford shale play which are underdeveloped, especially in the northern part comprising the Burleson and Brazos counties and some companies are also assessing the overlying Austin Chalk formation.