Latest News

Strong oil and gas demand to support production growth of Permian Basin, says GlobalData

12/08/2024 Posted by Dale

Global oil demand has been on the rise after the COVID-19 pandemic. Moreover, the Russia-Ukraine conflict caused major alterations in energy supply routes, which went in favour of the US shale drillers, including those in the Permian Basin. Spanning Texas and New Mexico, Permian Basin remains the largest oil-producing shale play in the US. Strong global demand and geopolitical shifts continue to support growth and competitiveness of this critical energy region, says data and analytics company GlobalData.

GlobalData’s latest report, “Permian Basin in the US, 2024,” reveals that benefiting from a dense pipeline network and Gulf Coast infrastructure, Permian Basin’s crude oil production averaged 5.6 million barrels per day (mmbd) during the first quarter (Q1) of 2024.

Defining the Geomechanical Operating Limits for Subsurface CO2 Storage

12/08/2024 Posted by Dale

Simon HolfordA*, Mojtaba RajabiB, Scott MildrenC, Rosalind KingA and Adam BaileyD

AUniversity of Adelaide, Adelaide, South Australia, Australia

BUniversity of Queensland, Queensland, Australia

CTech Limit Pty Ltd, Stirling, South Australia, Australia

DGeoscience Australia, Canberra, Australian Capital Territory, Australia

*Correspondence to Simon Holford. Email: simon.holford@adelaide.edu.au

Abstract. Carbon capture and storage (CCS) is a critical component of proposed pathways to limit global warming, though considerable upscaling is required to meet emissions reductions targets.

The new PESA Gazette is here. I hope you enjoy it

15/07/2024 Posted by Dale

Welcome to the new news delivery format, the PESA Gazette. This new format is designed to answer the needs of the members for an easier click through email experience that does not require anything to be downloaded. Hopefully you will find the quality of the content to be unchanged.

In order for PESA to keep evolving and moving forwards in the direction our members want us to, it is important for us to know and understand who our members are, what they want, and how they would like us to achieve this.

Lauren was enlightened by EAGE in Oslo

12/07/2024 Posted by Dale

PESA was one of several associations from around the world with a presence at the 85th EAGE Conference & Exhibition held in Oslo in June, attended by WA member Lauren Found who was truly inspired.

At the conference, Lauren spoke with the EAGE board and the representatives from other international associations, exchanging stories about the range of activities that are carried out by each organisation that keep people aware of exploration activities and research through the technical programmes, as well as keeping members connected through networking event.

As a Young Professional in the energy industry, a lot of...

Vale John Gorter – 25 July 1948 to 18 May 2024

12/07/2024 Posted by Dale

John Gorter, one of Perth and PESA’s most loved members, passed away on May 18 in Madagascar. Tributes to John’s life and legacy flowed instantaneously for a husband, father, geologist and friend who will be sorely missed and fondly remembered in the minds of all who knew him.

John was born in Canberra, the eldest of four children. He attended Turner Primary School and Lyneham High School. He spent three years high schools in Belgium and England, which gave him an appetite for the global village.

John graduated with Honours in Science, majoring in geology.

So near, yet so FAR as Woodside flows first offshore oil from Senegal’s Sangomar

12/07/2024 Posted by Dale

Former FAR Energy MD Cath Norman and associates of the once revered junior Melbourne explorer would be forgiven for feeling a touch of nostalgic envy in June as Woodside flowed first oil – as well as the first cargoes of black gold offshore Senegal - from the Sangomar field.

Instead, the reaction from afar was one of jubilation as former colleagues at the company reacted with euphoria, even though FAR was no longer part of the journey crossing the finish line celebrating the climax of an odyssey that FAR had starred in at the very beginning.

“It is indeed a historic day for Senegal and I congratulate #Woodside and #Petrosen for achieving this milestone,” Norman said in a post on her Linkedin, social media site.

Hive of activities keeps SA/NT as active and inspired as ever

11/07/2024 Posted by Dale

At the June technical meeting one of the long-standing members of the SA/NTBranch, Geoff Wood received his certificate for 40 years of continuous membership from Branch President, John Kaldi – congratulations Geoff!

Under the brilliant leadership of the PESA SA/NT Branch Vice President, Paul Strong, 2024 has seenthe regular monthly lunchtime meetings continue with a smorgasbord of topics which are highlyrecommended for other branches and webinars.

Triangle Energy strikes a chord with Canberra for CCS project to go ahead in the Perth Basin

11/07/2024 Posted by Dale

Triangle Energy has been given the green light to develop a carbon sequestration (CCS) project at the company’s WA 31-L icence area in the Perth Basin.

The company announced that the joint venture’s application for a greenhouse gas storage formation over the WA 31-L licence area had been approved by the Commonwealth Minister for Resources, Madeleine King.

The approval has triggered the sale of Triangle’s 78.75% interest in the Cliff Head project to Pilot Energy, but. until approval has been granted by the regulator, Triangle will continue to operate the field.

Triangle said that its employees would continue work at the Cliff Head field as it transitions from oil production to the CCS project and Triangle would support ongoing operations of the Cliff Head oil field until the transaction was completed.

The Australian Government ‘might not be done’ with market intervention

10/07/2024 Posted by Dale

Australia appears to be caught between a rock and a hard place facing an ever-encroaching gas cum energy crisis. Rick Wilkinson, CEO of EnergyQuest, and a man well oiled with a wealth of data deliverables, says the Lucky Country has four options, none of which are easy, to keep the wolves off the door.

In the EnergyQuest Monthly Report for May, Wilkinson said it was well known that the east coast domestic gas market is heading towards annual supply shortfalls in 2028, with peak supply potentially running short sooner.

He then posed the question:

Permits in place puts PGS in position to start large 4D data acquisition project for Petrobras

10/07/2024 Posted by Dale

The Brazilian Institute of Environment and Renewable Natural Resources (IBAMA) has issued the final permit for PGS to conduct a large 4D survey over the Barracuda Caratinga fields offshore Brazil.

PGS announced the 4D contract award in December 2022 and the original project start-up was scheduled for June/July last year. To optimize vessel resources during the 2023 summer season, the Ramform Victory was reactivated and earmarked for this project. While permitting was pending she undertook a series of MultiClient programs.

At press time The Ramform Victory had completed final preparations and was on her way from another data acquisition program for Petrobras.