Latest News

Moving in the Wrong Direction: Flaring Emissions on the Rise, ‘Reversing a Positive Trend’

22/01/2025 Posted by Dale

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

19/01/2025 Posted by Dale

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

14/01/2025 Posted by Helen

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.

Geoscience workflows for CO2 storage

14/01/2025 Posted by Helen

A review and summary by Steve Moss

Geoenergy is a new journal co-owned between the Geological Society and the European Association of Geoscientists and Engineers (EAGE) that was established in 2023 (Geoenergy Home). The journal is dedicated to the publication of non-hydrocarbon energy geoscience and engineering research. In a similar fashion to its stable-mate journal, Petroleum Geoscience, Geoenergy focuses on the publication of timely and topical research in subsurface geoscience, critical for this new era of sustainable energy aiming to provide high quality papers of both fundamental research and case studies of subsurface and near surface analysis.

Oll and Gas Industry Embraces Robots for Increased Efficiencies

14/01/2025 Posted by Dale

With the applications of robotics continuously evolving, the oil and gas industry has emerged as a significant adopter of the technology to improve safety and efficiency of operations.

Robots equipped with advanced technologies are yielding increasingly positive results, bringing a continued transformation in the operations of oil and gas companies, says GlobalData, a leading data and analytics company,

GlobalData’s latest thematic report, “Robotics in Oil and Gas,” highlights the role of major oil and gas companies, such as ADNOC, BP, Eni, Equinor, ExxonMobil, Repsol, Rosneft, Shell, and TotalEnergies in the development and adoption of robotics to enhance safety and productivity on the field.

Woodside and Chevron Asset Swap

14/01/2025 Posted by Matthew.Quinn

On 19 December 2024, both Woodside and Chevron announced their agreement to an asset swap in which Woodside will acquire Chevron’s 16.67% interest in the North West Shelf Project and the North West Shelf Oil Project and it’s 20% interest in the Angel Carbon Capture and Storage Project. In turn, Chevron will acquire Woodside’s interest in 13% interest in the Wheatstone project and 65% interest in the Julimar-Brunello project.

Both companies have indicated that the transactions streamline and focus their respective portfolio’s.

Chevron will make a cash payment to Woodside of up to US$200 million paid at key milestones and contingent of the execution and hand over of Julimar Phase 3.