McConnell Dowell introduces new GM

McConnell Dowell has appointed Mario Russo to the newly-created position of general manager for South Australia and Western Australia. Russo joined McConnell Dowell over 15 years ago, holding a number positions within the company from project manager and more recently, state manager for South Australia. The company reported that the newly-created role was positive recognition …
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Santos increases focus on Moomba CCS project

Santos has reinforced its commitment to investing in carbon capture and storage (CCS) as a key priority in the company’s future. Speaking at the company’s annual general meeting, Santos managing director and chief executive officer Kevin Gallagher said that today’s CCS projects stored around 40 million tonnes per year of carbon dioxide. “It is far …
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BP, Santos strike carbon agreement for Moomba

BP and Santos have entered into an agreement that could lead to a $20 million investment from the British major in support of the Australian company’s Moomba carbon capture and storage (CSS) project in South Australia. However, the non-binding agreement is subject to finalisation of terms and a final investment decision targeted for the end …
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Oilex adds a month to Cooper-Eromanga deal

Oilex has extended the period to satisfy the conditions for the acquisition of 27 petroleum retention licenses (PRLs) in the Cooper-Eromanga Basins from Senex Energy. The company confirmed that the period has been extended by one month to March 31, 2020. In September 2019, Oilex entered into a binding term sheet with Senex for the …
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Icon pursues partner to boost QLD projects

Icon Energy has placed emphasis on its Queensland petroleum projects, ATP 594 and ATP 855, with the aim of securing a joint venture partner and launching a new farmout campaign. The company reported in its December half year results that exploration at ATP 594, located on the eastern flank of the Cooper-Eromanga Basin was well …
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EnergyQuest, APPEA express Equinor disappointment

EnergyQuest chief executive Graeme Bethune and APPEA South Australia director Matthew Doman believe Equinor’s decision to abandon drilling in the Great Australian Bight will be a setback for the oil and gas industry’s growth. Bethune revealed that with carbon costs starting to bite, European companies such as Norway’s Equinor appear to be setting higher standards …
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Vintage JV sets Odin as new target following farm-in

Vintage Energy has executed the farm-in agreement for the PRL 211 licence on the South Australian side of the Cooper-Eromanga Basins, with its main target being the Odin structure. Under the joint venture, Vintage will become the operator with 42.5 per cent, Bridgeport will have 21.25 per cent, Metgasco 21.25 per cent and Senex Energy …
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Equinor abandons Great Australian Bight drilling

Equinor has decided to withdraw from its oil exploration program in the Great Australian Bight offshore South Australia. In December last year, the Norwegian energy company’s deep-water Stromlo-1 exploration well, which is in the Ceduna Sub-Basin, was approved by the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA). Equinor had planned to undertake its …
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appointments

Doriemus secures funds to progress Oilex deal

Doriemus has conditionally raised $4.5 million in funding that will help it acquire Oilex’s oil and gas assets in the Cooper-Eromanga Basin in South Australia. In January, Britain-based Doriemus secured an agreement to acquire 100 per cent of CoEra, a wholly-owned subsidiary of Oilex. The deal also included a 79.33 per cent interest in two …
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Hydrogen potential builds for SA, Victorian pipelines

An investigation focussed on blending hydrogen into natural gas pipelines in South Australia and Victoria has been given the green light. The Australian Government and the Australian Renewable Energy Agency (ARENA) have committed $1.28 million in funding for the Australian Gas Network (AGN) project, which will involve feasibility studies and share knowledge focussed on the …
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