Latest News

New technologies will lead the way in Gas decarbonisation

17/11/2020 Posted by Dale

Energy Networks Australia (ENA) has welcomed the focus in the latest Grattan Institute report on renewable gas to help decarbonise Australia’s energy sector.

ENA Chief Executive Officer, Andrew Dillon said networks were already delivering projects to support the greening of our gas networks, including injecting renewable gas into networks.

As highlighted in the recent Gas Vision 2050 report, transformational technologies such as hydrogen, biomethane, carbon capture and storage and renewable methane can all support Australia’s decarbonisation.

“The future of gas is not ‘flame out’ but rather ‘flame green.

Sercel sells a WiNG land nodal acquisition system to Paragon Geophysical Services

17/11/2020 Posted by Dale

Sercel has announced the sale and delivery of a WiNG wireless land nodal seismic acquisition system to Paragon Geophysical Services.

Sercel announced that Paragon had selected its latest nodal technology to conduct high-production seismic surveys across the USA and to provide their clients with “the most accurate seismic acquisition data. This is achieved through the key advantages of WiNG’s System-Certified Data delivery and the proven high performance of Sercel’s QuietSeis® broadband digital sensor.”

John H. Beury III, Paragon’s CEO/Owner, said: “Paragon has always believed in providing its clients with the latest technology.

SA launches $240 million hydrogen project backed by $37 million upgrade to Port Bonython jetty

09/11/2020 Posted by Dale

South Australia’s intention to create a green hydrogen export industry has taken a big step forward, with the launch today of a world-leading $240 million hydrogen project. This project would be the largest green ammonia plant in the world, being 60 times larger than Australia’s largest electrolyser at Tonsley in Adelaide.

To support the export potential of South Australia, the Marshall Liberal Government is allocating $37 million in the upcoming 2020/21 State Budget, to upgrade the Port Bonython jetty as part of the state’s ambitious plans to become an exporter of green energy to world markets.

Premier Steven Marshall said upgrading the jetty will unlock significant investment and export opportunities for South Australia, with hydrogen driving renewed interest in Port Bonython.

More than a quarter of 2050 natural gas supply untapped: GECF

09/11/2020 Posted by Dale

Natural gas is a viable energy option that contributes efficiently to achieve a balance between the environment, social, and economic dimensions of the sustainable development. It reduces carbon intensity and pollution resulting from energy-related activities, supports access to modern energy, improves availability and reliability of supply, and provides competitive and affordable energy,” the Gas Exporting Countries Forum (GECF) Secretary General recently said at the 25th Oil & Gas of Turkmenistan Conference.

Taking part in the annual event via videoconference, HE Yury Sentyurin added that the “yet-to-find resources” would contribute to around 30% of the total production of natural gas worldwide by 2050 and that about 80% of the natural gas production by mid-century will stem from new projects – highlighting the importance of continued upstream investment.

Searcher announces seismic project offshore South Africa

09/11/2020 Posted by Dale

Searcher has announced a new multi-client 2D and 3D seismic rectification project Offshore South Africa, in collaboration with the Petroleum Agency of South Africa.

The South Africa seismic data covers the Outeniqua Basin and its sub-Basins; the Bredasdorp, Infanta, Pletmos, Gamtoos, Algoa and Southern Outeniqua Basins.

Searcher said it has applied its proprietary post-stack reprocessing method to rectify navigation, metadata, amplitude, phase and time creating a contiguous database that can be easily loaded into any interpretation software.

Neil Hodgson, Searcher's VP GeoScience, said: “With the success of the Luiperd-1 well proving the spectacular commercial resource potential offshore South Africa, this then is an incredible time to be bringing a ready-to-interpret dataset over the basin to the industry.

Senex announces sale of Cooper Basin business

09/11/2020 Posted by Dale

Senex has entered into a binding agreement with Beach Energy to sell its South Australian Cooper Basin assets for an $87.5 million cash consideration.

The sale will result in Senex’s exit from the Cooper Basin after more than 20 years, and will support plans to accelerate the development of its Surat Basin natural gas assets, increasing the supply of natural gas to the east coast to support manufacturing and jobs.

Senex said that together with strong and increasing cash flow generation from its low-cost, high-margin natural gas assets, the company is well positioned to materially enhance shareholder value through its suite of Surat Basin natural gas production acceleration and expansion opportunities, and resultant capital management initiatives.

Oil and gas reforms key to Queensland’s energy future

02/11/2020 Posted by Dale

Australia’s oil and gas industry has congratulated Premier Annastacia Pałaszczuk and the Labor Party following their election success in Queensland on Saturday.

APPEA Chief Executive Andrew McConville said the industry makes a significant contribution to the state and has invested more than $70 billion into Queensland’s economy due to the rapid development of the natural gas and LNG industries.

“As a key driver of Queensland’s economy, the oil and gas sector is committed to working with the new government as there are many challenges ahead for economic recovery,” Mr McConville said.

“We have a long and proud history of engaging with the government to grow the sector to where it is today.

Searcher commences Perth Basin Airborne Survey

02/11/2020 Posted by Dale

Searcher has announced the acquisition of two proprietary airborne exploration surveys over the onshore Perth Basin, to be acquired on behalf of Mitsui E&P Australia (MEPAU).

The new airborne geophysical data includes two surveys over three of MEPAU’s onshore Perth Basin permits (EP455, L4 and L5) located in the Shire of Coorow and Shire of Carnamah.

Searcher have assisted MEPAU with the project planning and regulatory approvals, including obtaining feedback from local stakeholders and land managers, and operational management.

Little change in Geoscientist employment

30/10/2020 Posted by Dale

Geoscientist employment in Australia remained relatively stable during the third quarter of 2020. Nationally, unemployment increased to 10.6% from 8.6% in the June quarter, while under-employment fell significantly to 12.7% from 17.4% for the period.

Under-employment, in this survey series, is defined as geoscientists being unable to secure more than 25% of their desired workload.

Full time geoscientist employment fell from 69% in the June quarter to 61%. The proportions of geoscientists in part time and casual employment were little changed from the June quarter survey.

Shell Deepwater Selects Bentley’s iTwin Platform for Project Delivery

27/10/2020 Posted by Dale

Bentley Systems has announced that Shell’s Deepwater business has selected Bentley’s digital twin approach to streamline its capital projects process and accelerate time to first oil.

Bentley said that with a plan to deliver several subsea tie-back projects over the next 10 years, Shell Deepwater Projects has recognized a significant opportunity to accelerate capital project delivery and cut project delivery time by implementing an integrated digital project and engineering environment. The solution spans project conception in the early phase design through to handover.

“Shell Deepwater Projects is developing an integrated Workflow and Data Platform from system selection to asset handover to streamline our capital projects processes and accelerate time to first oil,” said GT Ju, General Manager Gulf of Mexico Deepwater Projects. “