The Australian Government will not activate the Australian Domestic Gas Security Mechanism (ADGSM) for the October to December 2024 quarter.
The minister’s decision was revealed in the Australian Competition and Consumer Commission’s (ACCC) June 2024 interim gas inquiry report, which said there was sufficient gas across the east coast to meet domestic demand from October to December 2024.
The Government is optimistic that even if LNG producers exported all of their uncontracted...
Six companies have been awarded exploration licences by the Norwegian Energy Ministry to store CO₂ in four areas in the North Sea.
This comes after applications were reviewed from eight companies after the acreage was opened in March 2024.
The successful bidders are Aker BP, Equinor, Lime Petroleum, OMV (Norge), PGNiG Upstream Norway and Vår Energi.
It is the sixth time the Norwegian government has awarded acreage for CO₂ storage
Equinor was given operatorships of two...
PESA (Qld) Branch committee member and Santos Geologist, Katherine (Kat) Gioseffi, was the successful recipient of a PESA Meritorious Service Award (MSA) for 2024 in recognition of her unwavering passion for energy geoscience and her dedication to increasing society participation among early-career graduates.
Kat, who received her MSA at the Australian Energy Producers Conference and Exhibition in Perth in May, was nominated by the PESA (Qld) Branch in recognition of her steadfast...
Eni has announced a new discovery on the Yopaat-1 EXP exploration well in Block 9, located approximately 63 kilometers offshore Mexico in the mid-deep water of the Cuenca Salina in the Sureste Basin.
The preliminary estimates indicate a discovered potential of 300-400 million barrels equivalents (Mboe) of oil and associated gas in place.
The well was drilled in a water depth of 525 meters, reached a total depth of 2,931 meters and intersected about 200meter net pay of hydrocarbon...
A research effort to flip carbon dioxide from a climate change problem to a solution has been launched at The University of Queensland.
Dubbed GETCO2, the ARC Centre of Excellence for Green Electrochemical Transformation of Carbon Dioxide is focussing on turning CO₂ into products such as fuels and chemicals.
GETCO2 is a $45 million, 7-year collaboration involving 7 Australian universities, industry and government being led by Professor Xiwang Zhang in UQ’s School of Chemical...
POSCO INTERNATIONAL has completed construction of the Gwangyang LNG Terminal 1. Launched in 2002, this extensive infrastructure construction project received investments amounting to KRW 1.45 trillion over approximately 20 years.
More than 100 personnels from the government and client companies attended the completion ceremony, including Choi Nam-Ho, the Second Vice Minister of the Ministry of Trade; Park Chang-Hwan, the Vice Governor of South Jeolla Province; Jung In-Hwa, the Mayor of...
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...
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...
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...
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...