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Blue Energy proposes solution to east coast gas shortage

Blue Energy has been in discussions with the Australian and Queensland Governments to highlight the need for national energy infrastructure projects to ensure energy is delivered to east coast manufacturers and gas users. This follows the Australian Energy Market Operator’s (AEMO) gas statement of opportunities (GSOO) March report, which projected long-term east coast domestic gas …

Santos upgrades 2025 production target

The new target, up from the 100 mmboe Santos set in 2018, represents a cumulative annual growth rate in production of over 8 per cent to 2025. Speaking at the company’s Investor Day in Sydney, Santos managing director and chief executive officer Kevin Gallagher said the execution of the company’s transform-build-grow strategy since 2016 had …

State Gas hard work pays off at Reid’s Dome project

Following the completion of the work-over preparing the Nyanda-4 well for production testing on November 27, 2019, State Gas has been installing the necessary surface facilities for the test. Installation works are nearly complete and production testing is expected to commence before the end of the week, the company reported. The production test will provide …

Lakes Oil spuds Nangwarry-1 well

The Nangwarry-1 well is within Petroleum Exploration Licence (PEL) 155 in the South Australian portion of the onshore Otway Basin, 10 kilometres south of Katnook. The well is a 50:50 joint venture between Otway Energy (a subsidiary of Lakes Oil) and Vintage Energy. Drilling at the well will target two prospecting gas reservoirs, the Pretty …

Coleman says hydrogen 10–15 years away

Speaking during an industry panel discussion in Western Australia this week, Mr Coleman said hydrogen had potential but there was still work to be done. “Hydrogen’s energy density is a lot lower than competing fuels,” said Mr Coleman. “Hydrogen molecules are very small so they like to escape the vessels that they’re in, so that’s …

New Gorgon tender released

Operated by Chevron, the GS2 is an upgrade of the existing subsea petroleum facilities at the Gorgon Project in Western Australia, with new wells and subsea infrastructure to be added to the Gorgon and Jansz-Io fields. TechnipFMC was awarded the subsea installation contract for GS2 last year and the company has just released a bulk …

New CEO at EnerMech

Mr Brown’s employment history includes a stint as the CEO of engineering and construction company Kentz, as well as Corporate Development Officer for SNC Lavalin. The search for the new CEO was led by EnerMech Chair John Kennedy after John Guy stood down from the role in September for personal reasons. Mr Kennedy said the …
ECT enters a joint venture with GrapheneX

PNG negotiations stall

The two groups have been negotiating terms for developing the P’nyang gas field which, along with the Papua LNG Project, would double PNG’s LNG exports. PNG Petroleum Minister Kerenga Kua had already indicated any deal over P’nyang would be substantially more beneficial to the PNG economy than the agreements for both Papua LNG and the …

OMV sells NZ interest for US$50m

Jadestone will acquire OMV’s 69 per cent interest for a price of US$50 million ($73.56 million), which will see the company join other joint venture (JV) partners Horizon Oil (26 per cent) and Cue Taranaki (5 per cent). The field is located in the offshore Taranaki Basin and contains the Maari Project consisting of a …

MMA awarded CarbonNet contracts

The CarbonNet Project is investigating the potential of establishing a commercial-scale carbon capture and storage (CCS) network that would bring together carbon dioxide capture projects in Victoria’s Latrobe Valley and transport it via a shared pipeline into offshore Bass Strait sites. Recently, MMA has been awarded three contracts for CarbonNet valued with a total revenue …