Latest News

Viridien selected to support technology-driven mineral exploration program in Oman

07/10/2024 Posted by Dale

Viridien has been awarded a comprehensive remote sensing program by Minerals Development Oman (MDO),in the Sultanate of Oman, to identify, map and rank mineralization prospectivity potential across seven concessions, covering a total area of 16,000 km².

Following a series of remote sensing programs conducted to support mineral exploration initiatives, Viridien said it was now pleased to aid the strategic development of Oman's mineral resources led by MDO.

Viridien's multi-disciplinary team of experts will use machine learning, high-performance computing, advanced processing algorithms and archives of multi- and hyperspectral satellite imagery to create their innovative Bare Earth Plus models.

PESA women eligible for Leadership Scholarships

07/10/2024 Posted by Dale

Partial scholarships are up for grabsfor women in the Energy and Utilities Industry ranging from $1,000 to $6,000per person, for one of four leadership and workplace skill development programs.

These scholarships are aimed at encouraging more women to increase their impact at work, progress their career, and step into leadership roles.

Registrations of interest close on Friday 29 November 2024. Via our website: https://www.wla.edu.au/industry/energy/

Tamboran Declares 2024 ‘one for the memoirs’

07/10/2024 Posted by Dale

Tamboran has reflected on four key milestones as it charts its course towards future gas supplies to the eastern states, Asia and the Northern Territory.

The ASX and NYSE-listed explorer revealed:

That the year to June 2024 was one in which Tamboran kicked key goals by:

Via the company’s successful IPO on the NYSE Tamboran had also:

Plugging the gap: global EV charging infrastructure Needs to Grow more than 500% by 2030

07/10/2024 Posted by Dale

Key markets in the electric vehicle (EV) transition are falling behind in their stated goals for public charging infrastructure, according to latest figures on World EV Day™.

The data reveals that the US, Europe and the UK are more than six times behind the number of plugs needed to meet growing EV demand by 2030. The US, the world’s second-largest EV market, has under 200,000 publicly available charging ports*, with over one million more needed by 2030, according to McKinsey**, representing a 550% increase. Europe needs a 5.

Shale project economics still reign supreme as cost of new oil production rises further

07/10/2024 Posted by Dale

The cost of developing new upstream oil projects is continuing to rise as inflationary pressure and supply chain woes endure. New research from Rystad Energy shows that the average breakeven cost of a non-OPEC oil project grew to $47 per barrel of Brent crude, a 5% increase in the last year alone. Despite rising costs, breakevens are still less than current oil prices.

Offshore deepwater and tight oil projects remain the most economical new supply sources, with oil sands still the most expensive.

Why It’s “Time for the Oil and Gas Industry to Get Serious About Methane Management”

07/10/2024 Posted by Dale

In this article, Dr. Neil Bird, Chief Scientist at Fluenta, has provided commentary on the new Bureau of Land Management rule targeting methane management in the oil and gas industry. He highlights the need for operators to adopt advanced technologies like ultrasonic meters to stay compliant, reduce emissions, and prepare for increased scrutiny with the upcoming MethaneSat data.

"As the oil and gas industry grapples with the recent Bureau of Land Management rule change, it’s clear that we’re entering a new era of accountability, especially when it comes to managing methane emissions.

Onlaps2 GEOLOGICAL MODELS

07/10/2024 Posted by Dale

Rob Kirk, a 35-year career geologist, has researched "Onlaps" and lectured in seismic stratigraphy for the past decade. He shares some of his discoveries here.

Geological models are used to help with our geo-predictions up and down dip. We usually only have a few one-dimensional control points (wells) and a seismic grid to predict reservoirs, seals and source in our acreage. Seismic is often used only structurally, and if stratigraphy is contemplated, it is often via a few simplistic amplitude extractions.

West Coast Gas Outlook 2024 – “Calm Before the Storm”

06/10/2024 Posted by Dale

Rick Wilkinson, editor of new report released by independent energy consultancy EnergyQuest, West Coast Gas Outlook 2024 – Calm before the storm?, shows that WA’s domestic gas market is likely to see significant supply shortfalls from 2029 onwards.

The West Coast Gas Outlook 2024 shows the WA Government didn’t need to make major changes to its Domestic Gas Policy to ensure sufficient domestic gas supply over the next four years, but we are in the calm before the storm and changes to the Policy are on the cards from 2029.

OIL Macro update from Rystad Chief Economist Claudio Galimberti

06/10/2024 Posted by Dale

“Fast escalating geopolitical risk is driving oil prices higher.

The intensifying conflict in the Middle East is generating significant supply concern in the global crude market, with prices up more than 4% (in the first week of October).

The potential for supply disruptions – particularly, but not exclusively from Iran – increases as the fighting intensifies.

But OPEC+ still sits on unusually ample spare capacity, which is the result of successive production cuts over the past two years.

This spare capacity is for now preventing runaway prices amid one of the deepest and most pervasive crises in...

Chevron-Hess Courtship is Getting Serious

05/10/2024 Posted by Dale

Chevron is closing in on a$53 billion merger with Hesss ...subject to Arbitration

U.S energy giant Chevron and Hess Corporation, have sidelined the Federal Trade Commission (FTC) antitrust review in spite of moves for˙Hess’s Chief Executive Officer (CEO) to join the oil major’s board on the basis of his previous connection with global competitors such as OPEC.

An ongoing arbitration process initiated by Hess’ Stabroek block partners have overlapped issue with the assets off the coast of Guyana which has complicated the propose merger.

The Chevron-Hess merger has passed the FTC antitrust review --satisfying one of the closing conditions for the transaction, the Federal Trade Commission’s action to resolving key antitrust concerns related to the acquisition ended up approving a proposed consent order that would prohibit Chevron from appointing John B. He