Morrison government backs Golden Beach project

In partnership with GB energy, the Australian government has announced that it will be issuing a $32 million commercial loan to fund the Golden Beach project. The project, located offshore Gippsland, Victoria, will produce local gas for two years, before it is converted to an underground facility with 12.5 PJ of gas storage. This project …
Western Australia WA

Draft bill to support WA industry reduce emissions

On Wednesday 9 March, Minister for Mines and Petroleum Bill Johnston approved the drafting of a bill that will provide Western Australia’s resource sector with further investment and regulatory certainty in its transition to a low-carbon future.  Read more

New faces and places: The latest industry appointments

New faces and places: The latest industry appointments

Former Climate Change Authority boss Anthea Harris has been appointed chief executive of the Energy Security Board, and Buru Energy is on the lookout for a chief executive to strengthen its management team following the successful gas flow test at the Rafael well. Sparc Technologies has also appointed energy technologies expert Stephanie Moroz as its non-executive director.

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LNG

LNG exports to Europe to rise

Tensions in Europe are steadily rising, prompting much of Europe to reduce their dependence on Russia, including with regard to oil and gas supplies.  Russia is the world’s second-largest oil producer and the largest supplier of natural gas to Europe. As European nations scramble to source LNG supplies outside of Russia, Australian LNG prices have …
Emissions Reduction Fund

Changes to Emissions Reduction Fund

The Minister for Industry, Energy and Emissions Reductions Angus Taylor has announced future changes to the Emissions Reduction Fund (ERF).  The Australian Government will modify the fund to increase liquidity, allow project proponents to take advantage of higher private market prices and ensure equitable treatment, regardless of when they commenced. “Our policies are incentive-based – they …
New faces and places: The latest industry appointments

New faces and places: The latest industry appointments

AGL has appointed a new non-executive director, and Kevin Santos has made a U-turn on his decision to take up a seat on the Mineral Resources board. The following appointments have been made. Vanessa Sullivan, non-executive director, AGL: AGL Energy has announced the appointment of Vanessa Sullivan as non-executive director, effective 1 March 2022. AGL …
FFI strikes hydrogen deal with QLD

FFI strikes hydrogen deal with QLD

Fortescue Future Industries (FFI) has secured support from the Queensland Government to connect two proposed green hydrogen projects to the grid so that they can access supplies of renewable electricity. The company has entered into an agreement with publicly-owned Powerlink and Economic Development Queensland (EDQ) connecting sites at Gibson Island and Aldoga to Powerlink’s transmission network, …
construction begins on GEM

Construction commences on Gladstone electrolyser facility

Construction of the world’s largest electrolyser facility has commenced in Gladstone, Queensland, in collaboration with Fortescue Future Industries (FFI), According to FFI, the Green Energy Manufacturing Center (GEM) is set to become a major pollution-free green hydrogen manufacturing hub.  Stage one of the project will be the construction of the $114 million electrolyser facility, which …
CCS consortium

Santos, SK E&S sign CCS MOU

Santos, SK E&S, K-CCUS Association, CO2CRC and Korea Trade Insurance Corporation have signed an agreement  to support and collaborate in the development of carbon dioxide (CO2) storage facilities. K-CCUS Association is Korea’s leading organisation for technological development and commercialisation of CCUS. Through the memorandum of understanding (MOU), the organisations have agreed to jointly develop carbon capture …
MMA offshore

APPEA: Offshore exploration ban will hurt investment

The Australian Petroleum Production and Exploration Association (APPEA) has criticised the New South Wales Government’s ban on offshore commercial applications for petroleum or mineral exploration, describing the move as “short-sighted”.  The NSW Government announced a new policy prohibiting offshore exploration and mining for commercial purposes based on the impacts on indigenous heritage, sensitive marine environments, …