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Latest News

Shell sells 26% stake of Queensland Curtis LNG to fund manager

12/01/2021 by Dale Granger

Shell has sold a 26.5% interest of its 100% stake in Queensland Curtis LNG (QCLNG) project to Global Infrastructure Partners Australia for $3.25 billion in a deal which includes LNG storage tanks, jetties and operations infrastructure.

“This decision is consistent with Shell’s strategy of selling non-core assets in order to further high-grade and simplify Shell’s portfolio,” Shell said in a statement.

“The sale will contribute to Shell’s expected divestment proceeds,...

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Shell’s Prelude resumes production after almost one year

12/01/2021 by Dale Granger

Prelude has resumed LNG cargoes shipments after being offline for 11 months as a result of technical issues, Royal Dutch Shell announced this week.

Prelude was forced to suspend production last February after an electrical trip and subsequently faced a series of technical issues that delayed the restart.

However, Shell said that Prelude was back in production and on January 8 the LNG tanker Symphonic Breeze loaded a cargo destined for Japan.

The restart couldn’t have come at a...

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Total Mozambique LNG Plant

Total withdraws workers as attacks close in on Mozambique LNG project

05/01/2021 by Dale Granger

Total SE has removed workers from the Mozambique LNG plant under construction in the northern part of the country with Islamic militant attacks encroaching ever closer to the US$30 billion project.

Reports said that while the heavily guarded LNG facility had not been breached yet by the insurgents, a recent attack was launched on a town which is located less than 5km away from the gas processing site.

Total SE has taken every precaution to protect workers and said it was continuously...

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Gippsland-Basin-Vic-P47

Emperor Energy given drilling extension for Gippsland Basin permit

05/01/2021 by Dale Granger

NOPTA has approved Emperor Energy’s application to extend the primary term of the VIC/P47 exploration permit in the Gippsland Basin.

Emperor Energy said the extension had been given based on two factors, the imminent availability of new seismic data that will be generated from the Multi Client 3D seismic acquisition completed across the Offshore Gippsland Basin, including the Judith Gas Field in Vic/P47 in July 2020 by CGG.

COVID consideration

The second criteria was the combined...

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Global Methanol

Russia, Iran and the US to lead global methanol supply increases by 2030

05/01/2021 by Dale Granger

Global methanol capacity is poised to see considerable growth by 2030, potentially increasing from 148.44 million tonnes per annum (mtpa) in 2019 to 310.94 mtpa in 2030, registering a total growth of 109%.

Russia, Iran and the US are expected to drive capacity additions during the forecast period. Together these three countries will contribute around 59% of the total global methanol capacity additions, says data and analytics company, GlobalData.

Glasnost

GlobalData’s report, ‘READ MORE

Onshore US drilling

US Oil and Gas Rigs in Operation drop By 60% amid Pandemic

05/01/2021 by Dale Granger

Data presented by Bankr indicates that the United States oil and gas rigs in operation have dropped by 59.49%. The drop was recorded between February 2020 and November 2020.

In February, the rigs were 790 while in November the number was at 320. In March, the rigs plunged to 728 before dropping by 36.2% to 465 in April. As of May, operating rigs stood at 301 and later declined to 265 in June.

The lowest number of operating rigs was in July at 251 which slightly rose in August at 254....

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Global shale in recovery mode after 8.1% production decline in 2020

28/12/2020 by Dale Granger

Global shale production has taken a drastic hit in 2020, where shale oil is expected to drop by 11.7% year-on-year and shale gas production may see a 4.5% fall, according to projections by data and analytics company GlobalData,.

Global Data said that market demand for oil and gas, which plummeted globally from March 2020 as the COVID-19 pandemic took hold, would continue to weigh down oil prices unless an effective vaccine was made available.

USA hit hard

GlobalData’s latest...

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Total Mozambique LNG Plant

Mozambique soldiers repel insurgent attack on Total LNG project

28/12/2020 by Dale Granger

Media in Africa have reported that Mozambique soldiers were able to defeat an Islamic insurgent attack which was targeting Total’s $30 billion LNG plant in the east African country – the second attack launched during the month of December.

According to reports, the battle came within 21km of the project in the Cabo Delgado province and is the continuation of a conflict that is believed to have killed 2,500 people and left 570,000 homeless.

Largest investment in Africa

The...

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Shearwater Empress

ShearShearwater GeoServices signs US$437 million refinancing of main debt facilities

28/12/2020 by Dale Granger

Shearwater has signed new debt and guarantee facilities totalling US$437 million, as part of the planned refinancing of the company’s maturing debt.

The new facilities include the refinancing of the US$325 million bridge facility originating from the acquisition of the marine seismic acquisition assets and operations of WesternGeco in November 2018.

“We enjoy continued confidence from our lenders whose long-term backing has supported Shearwater in driving the necessary...

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Karratha Gas Plant

New funding for training materials supports LNG jobs

22/12/2020 by Dale Granger

APPEA has welcomed new funding by the WA Government to deliver the learning materials needed to ensure training of operators for liquefied natural gas (LNG) plants is recognised industry-wide.

APPEA WA Director Claire Wilkinson said the funding, outlined in the State’s 2020–21 Government Mid-year Financial Projections Statement, will ensure operators are taught in a consistent manner across training providers.

“With the bulk of Australia’s LNG plants and production...

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Upcoming Events

Thu 28

PESA SA/NT Technical Luncheon: Is there any room for gravity in petroleum exploration? Let’s open the door again!

Thursday, 28 January @ 12:00 pm - 2:00 pm
Feb 09

LIVE WEBINAR – The Energy Transition – Challenges and Opportunities for the Oil and Gas Industry and its Professionals

Tuesday, 9 February @ 11:00 am - 12:00 pm
Feb 18

PESA WA Technical February lunch talk- Spatial and Stratigraphic Controls on Burial Diagenesis and Reservoir Quality in the Triassic Mungaroo Formation

Thursday, 18 February @ 12:00 pm - 2:00 pm
Sep 15

Save the Date – AEGC 2021

Wednesday, 15 September @ 8:00 am - Monday, 20 September @ 5:00 pm

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PESA MAGAZINE – LATEST EDITION

PESA News Issue 159

Previous Editions

Most Popular Posts

Popular Posts

  • CUE Permits NWS Ironbark exploration well delivers a disappointing duster
  • Shell’s Prelude resumes production after almost one year
  • Santos Building Adelaide Santos makes FID for Timor Sea drilling and expansion
  • Total Mozambique LNG Plant Total withdraws workers as attacks close in on Mozambique LNG project
  • Gippsland-Basin-Vic-P47 Emperor Energy given drilling extension for Gippsland Basin permit
  • Total Mozambique LNG Plant Mozambique soldiers repel insurgent attack on Total LNG project

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PESA members please use this group to help with “social license to operate” issues.

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PESA - Petroleum Exploration Society of Australia

The Petroleum Exploration Society of Australia is a non-profit association of individuals involved in the exploration of oil and gas.

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