Santos, Beach Energy secure $15m for Moomba

Santos and Beach Energy have been awarded a $15 million grant from the Australian Government’s carbon capture and storage (CSS) development fund to go towards the Moomba CCS project in South Australia. The grant is recognition of the national and international significance of the $210 million Moomba CCS project which will safely and permanently store …
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ScoMo announces new gas deal with SA

The federal government has signed a $1.08 billion energy and emissions reduction deal with South Australia that will target an additional 50 petajoules (PJ) per annum by the end of 2023 and 80 PJ by 2030. As part of the agreement, the governments will pursue initiative that create additional dispatchable generation to help deliver affordable …
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Quarterly production soars high for Cooper

Cooper Energy has hit a new record for its total oil and gas production with a 46 per cent increase compared to the prior quarter. Outlined in the company’s March quarterly report, production was 0.77 MMboe, mainly due to higher gas production from Sole following reconfiguration of the Orbost gas processing plant (OGPP) during the …
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Metgasco puts new well on the cards

Metgasco has confirmed an oil and gas prospective resource at the Loki prospect in the ATP 2020 licence in the Cooper-Eromanga Basin in Queensland. The company stated that the estimates revealed that there is a best recoverable oil resource of 6.4 MMbbl in the Jurassic/Cretaceous sands and best recoverable gas resource of 13.2 Bcf in …
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Vintage Energy awaits arrival of rig for Otway well

Vintage Energy managing director Neil Gibbins has confirmed that the Superior Energy rig is set to arrive on location for the Nangwarry-1 well in the Otway Basin next Wednesday. “We are pleased that, despite equipment delivery uncertainty and cross-border travel restrictions due to recent COVID-19 lockdowns, the operator has now advised that the testing of …
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New faces and places: The latest industry appointments

Beach acquires Cooper Basin assets from Senex

Senex Energy has confirmed that it has completed a $87.5 million sale of its Cooper Basin assets in South Australia to Beach Energy. Following the sale, Senex is positioned to accelerate the development of its low-cost, high-return and long-life natural gas assets in Queensland’s Surat Basin. Senex managing director and chief executive officer Ian Davies …
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appointments

Real Energy, Strata X launch Pure Hydrogen

Real Energy and Strata X Energy have revealed their new venture, Pure Hydrogen, which will focus on hydrogen and gas projects in the Cooper and Surat Basins. As a result of the merger, Strata X will changes its name to Pure Hydrogen Corporation as of today and Real Energy will suspend trading at the same …
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Moomba on track for FID in September: Santos

Santos chief executive officer Kevin Gallagher expects that a final investment decision (FID) will be made on the Moomba carbon capture and storage project in South Australia in September this year. Gallagher highlighted in a conference call on the company’s 2020 full-year results that it is now waiting on the South Australian Government and the …
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Metgasco lines up big year of drilling

Metgasco, on behalf of the Cooper Basin ATP 2021 joint venture, has elected to prioritise work to assess the resource upside of the Vali gas field and surrounding area in Queensland.  As a result, this will include the drilling of Vali-2 ahead of the purchase and flow line infrastructure, and will address the interpreted Toolachee …
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Cooper to stabilise Orbost as production peaks

Cooper Energy has delivered a record half year for production and sales volumes, increasing its output by 76 per cent and sales by 86 per cent. Outlined in a quarterly report, Cooper managing director David Maxwell said the company’s performance during the quarter demonstrated its maturing gas business. Despite half year production increasing to 1.16 …
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