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Australia federal govt open to coal-fired power stations

By: Esmarie Swanepoel     21st June 2017 The federal government will consider new coal-fired power stations as part of efforts to curb rising electricity prices on the east coast, and to ensure reliable future supply. The government this week agreed to finalise regulations in the gas sector that would give Australian customers priority... 

New pipeline mulled for Blue Energy’s Bowen basin gas project

By: Esmarie Swanepoel     20th June 2017 Energy infrastructure group the APA Group has signed a nonbinding memorandum of understanding with ASX-listed Blue Energy to negotiate a gas transportation agreement for Blue Energy’s gas resources in the Bowen basin, in Queensland, to the east coast gas market. APA on Tuesday reported that it... 

Study to examine potential of southern Australia’s offshore gas basins

By: Esmarie Swanepoel     19th June 2017 The Australian federal government will undertake a study into offshore gas basins in southern Australia to investigate prospects for future gas supplies to the South East Australian domestic gas market. The study, which forms part of the government’s greater A$90-million investment in domestic... 

Victoria plans gas export cap to shore up local supply

By: Esmarie Swanepoel     7th June 2017 The Victorian government on Wednesday proposed reforms to the gas market that would place a temporary cap on gas exports from the state to ensure local supplies. “There is something seriously wrong when you can buy Australian gas in Japan for a cheaper price than what businesses in Victoria are... 

Higher gas prices driving away investment - report

By: Esmarie Swanepoel     6th June 2017 A new report by independent energy consultancy EnergyQuest has revealed that instead of driving a gas investment boom, high energy prices on Australia’s east coast was in fact resulting in lower underlying gas demand. EnergyQuest CEO Dr Graeme Bethune on Tuesday said that total east coast... 

Coal industry expresses ‘serious concern’ about Australia’s electricity market review

By: Mariaan Webb     5th June 2017 The Australian coal industry has expressed “serious concern” about reports that the Finkel review of the national electricity market has turned its back on coal-fired electricity, in favour of renewable energy. Minerals Council of Australia CEO Brendan Pearson said on Monday that the country... 

APA to pay A$270m for Orbost plant

By: Esmarie Swanepoel     1st June 2017 ASX-listed APA Group will spend some A$270-million to purchase and upgrade the Orbost gas processing plant from fellow-listed Cooper Energy. APA earlier this year flagged the acquisition of Cooper Energy’s Orbost gas processing plant to process the natural gas from the Sole gas field, on the... 

Canavan takes aim at ‘ridiculous’ gas exploration moratoriums

By: Esmarie Swanepoel     15th May 2017 Federal Resources Minister Matt Canavan has committed to work with state and territory governments in an effort to lift “ridiculous” moratoriums on gas exploration. Speaking at the Australian Petroleum Production & Exploration Association (Appea) conference in Perth on Monday, Canavan said the... 

More land released for oil and gas exploration

By: Esmarie Swanepoel     15th May 2017 The Australian government has announced that 21 new areas in commonwealth waters will be made available for oil and gas exploration through the 2017 Offshore Petroleum Exploration Acreage Release. The areas sit across eight basins in commonwealth waters off the Northern Territory, Tasmania,... 

Australian resources sector welcomes Budget

By: Esmarie Swanepoel     10th May 2017 The Australian resources sector has welcomed the federal Budget, particularly a A$28.7-million investment in the east coast gas security, and over A$70-billion to 2021 on transport infrastructure across Australia. Minister for Resources Matt Canavan said on Wednesday that the A$28.7 million east... 

Arrow Energy to award FEED contract for Surat basin expansion

By: Esmarie Swanepoel     8th May 2017 Queensland gas producer Arrow Energy, the joint venture between Shell and PetroChina, has announced that it will undertake front-end engineering design (FEED) for a major expansion of its Tipton gas project, in the Surat basin. “The planned expansion of Arrow’s Tipton operations is expected to... 

Origin takes up bigger piece of Beetaloo

By: Esmarie Swanepoel     5th May 2017 Australian oil and gas producer Origin Energy has increased its shareholding in the Beetaloo joint venture (JV), after acquiring a further 35% stake from partner Sasol Petroleum Australia. Located some 500 km from Darwin, in the Northern Territory, the three Beetaloo JV permits cover more than... 

East Coast faces a policy crisis, not gas crisis – Santos

By: Esmarie Swanepoel     4th May 2017 Oil and gas major Santos on Thursday said that the Australian East Coast was not faced with a gas crisis, but rather a policy crisis. Speaking at the company’s annual general meeting on Thursday, chairperson Peter Coates told shareholders that there was an “absolute shortage of uniform... 

Qld considering hydro power at Burdekin Falls dam

By: Esmarie Swanepoel     1st May 2017 The Queensland Resources Council (QRC) has backed a plan by the state government to potentially develop a hydro-electricity power station at Burdekin Falls dam. Queensland Premier Annastacia Palaszczuk over the weekend said a plan to increase the Burdekin Falls dam capacity by 150 000 megalitres... 

Kincora gas project, Australia

By: Sheila Barradas     28th April 2017 The project will supply gas to the east coast market. 

Appea warns on new oil and gas taxes

By: Esmarie Swanepoel     27th April 2017 New research by advisory firm Wood Mackenzie (Woodmac) has warned that any additional taxes on the Australian oil and gas industry could inflict significant damages. Undertaken on behalf of the Australian Petroleum Production & Exploration Association (Appea), the report confirms that the new... 

Australia puts gas export controls in place

By: Esmarie Swanepoel     27th April 2017 The Australian Petroleum Production and Exploration Association (Appea) has warned that the gas export controls announced by the federal government were short-term, and posed the risk of exacerbating tight market conditions unless accompanied by genuine reforms. The federal government on... 

Gas still the answer – Appea

By: Esmarie Swanepoel     20th April 2017 The Australian Petroleum Production and Exploration Association (Appea) has slammed a new report by the Climate Council that claimed more gas production will result in higher electricity prices and pollution. In its report 'Pollution and Price: the Cost of Investing in Gas', the Climate Council... 

Queensland’s Lynham pitches pipelines funding proposal to federal govt

By: Esmarie Swanepoel     18th April 2017 The Queensland government has placed a proposal before the federal government seeking funding for new gas pipelines in exchange for Queensland gas resources. Natural Resources and Mines Minister Dr Anthony Lynham over the weekend said that the package of initiatives was aimed at tackling the... 

Shell Australia moves to help ease domestic gas supply constraints

By: Esmarie Swanepoel     6th April 2017 The Australian Petroleum Production and Exploration Association (Appea) has welcomed news from major Shell Australia that its QGC joint venture (JV) has signed two new gas sales agreements with domestic customers, saying that it was a clear demonstration that the Queensland gas industry was doing... 

Leigh Creek raises funds for ISG demo facility

By: Esmarie Swanepoel     30th March 2017 ASX-listed Leigh Creek Energy has announced a A$21.85-million capital raise to fund its precommercial in-situ gasification (ISG) demonstration facility at its Leigh Creek project, in South Australia. The company on Thursday told shareholders that it would place some 150-million shares at a price... 

Qld welcomes further investment in Surat basin

By: Esmarie Swanepoel     21st March 2017 The Queensland government has welcomed an announcement by oil and gas major Shell that the QGC joint venture (JV) would drill an additional 161 wells to expand operations in the Surat basin. Shell Australia on Tuesday said that the move would enable further supply to both domestic customers and... 

Somali pirates release hostages, warn of further attacks

By: African News Agency      17th March 2017 The first hijacking off Somalia’s coast in five years has concluded with eight crew members of a Sri Lankan oil tanker released without the payment of a ransom, three days after they were kidnapped. Despite this incident ending relatively successfully locals from the country’s fishing community... 

Senex deal gets FIRB nod

By: Esmarie Swanepoel     17th March 2017 The Foreign Investment Review Board (FIRB) has approved a strategic investment by EIG Global Energy Partners in ASX-listed Senex Energy. Senex in February announced that it would raise A$55-million through a share placement to EIG, under which 146-million shares would be issued at a price of... 

Turnbull, east coast gas providers agree plan to ensure cheaper, reliable energy

By: Esmarie Swanepoel     16th March 2017 Prime Minister Malcolm Turnbull has met with east coast gas providers to formulate a plan to help deliver cheaper and more reliable energy. A series of measures have been developed and all participants have agreed to ongoing work to deliver on the targets that have been set out. 

South Australia to ‘put people first’ with A$550m energy security plan

By: Esmarie Swanepoel     14th March 2017 The South Australian government has announced a A$550-million plan to improve energy security and boost competition in the state’s energy sector, following state-wide blackouts last year. South Australia suffered state-wide blackouts after a severe storm knocked over transmission towers in... 

Senex starts A$15m driling campaign

By: Esmarie Swanepoel     14th March 2017 ASX-listed Senex Energy has started a A$15-million drilling campaign at its Silver Star-1 gas exploration well, in the South Australian Cooper basin. MD and CEO Ian Davies said on Tuesday that the drilling programme reflected the continued commitment to onshore gas exploration, and to building... 

Turnbull concerned by impending Australia gas supply cliff

By: Esmarie Swanepoel     9th March 2017 Australian Prime Minster Malcolm Turnbull on Thursday said warnings of potential shortfalls in gas were “very concerning”, and called on the CEOs of east coast gas companies to address the threat to customers. Turnbull’s comments come after the Australian Energy Market Operator (AEMO) released a... 

Armour to start supply of gas to APLNG by June

By: Megan van Wyngaardt     6th March 2017 ASX-listed Armour Energy has entered into a connection agreement with APA Group, giving the company access to the Roma-Brisbane pipeline at Wallumbilla, which will allow it to supply gas to Australia Pacific Liquefied Natural Gas (APLNG). Under a ten-year contract with APA, a key gas transport... 

South Aus Energy Minister decries PM’s comments on renewables, coal 

By: Esmarie Swanepoel     3rd February 2017 South Australia’s state Energy Minister Tom Koutsantonis has lashed out at Prime Minister Malcolm Turnbull’s clean coal aspirations, saying his statements have no basis in reality. Turnbull earlier this week advocated the use of clean coal technology in Australia, saying the current... 

Senex raises A$55m as it pursues east coast gas opportunities

By: Esmarie Swanepoel     3rd February 2017 The Queensland government has welcomed the A$45.9-million investment from energy investor EIG Global Energy Partners into ASX-listed Senex Energy. Senex this week announced that it has raised A$55-million through a share placement to EIG and other institutional and sophisticated investors. 

Santos lodges application, EIS for NSW gas project

By: Esmarie Swanepoel     1st February 2017 Oil and gas major Santos has submitted a development application and environmental-impact statement (EIS) for its Narrabri gas project to the New South Wales government. Santos MD and CEO Kevin Gallagher said on Wednesday that the company had spent time producing a comprehensive EIS so the local... 

Liquid Sea submarine cable project, South Africa to the Middle East

By: Sheila Barradas     9th December 2016 The new submarine cable will directly connect all countries along the east coast of Africa and provide new connectivity for the Middle East and Europe.  

Coordinated planning approach ‘imperative’ to Australia’s energy future - AEMO

By: Esmarie Swanepoel     8th December 2016 The Australian Energy Market Operator (AEMO) has again highlighted the need for urgent policy reform to secure the nation’s energy future. In its latest National Gas Forecasting Report (NGFR), the AEMO warned of uncertainties and challenges, which will complicate gas demand forecasts for eastern... 

Victoria needs more gas – EnergyQuest

     5th December 2016 New data from energy market analyst EnergyQuest has revealed that Victoria will need substantially more gas to provide long-term electricity supply. In its latest 'EnergyQuarterly', EnergyQuest noted on Monday that the state had less than a decade to get its gas supply in order, after data... 

SA needs to get out of its petrochemicals cul-de-sac

     2nd December 2016 In this article, Dr Rod Crompton makes the case of more refinery capacity in South Africa, which could provide competitively priced transport fuels and feedstocks for petrochemical factories that can compete with Sasol 

Australian LNG export hits 22-month high

By: Esmarie Swanepoel     14th November 2016 Australia’s monthly liquefied natural gas (LNG) exports have climbed to record highs during October, with values reaching A$1.75-billion, energy market analyst EnergyQuest has revealed. This was the best performance in 22 months. 

Savannah establishes initial resource at Mutamba, now eyes scoping study

By: Megan van Wyngaardt     8th November 2016 Aim-listed Savannah Resources has declared an initial resource estimation of 3.5-billion tonnes at 3.8% total heavy minerals for two of the four deposits at its Mutamba project, in Mozambique. Of this resource estimate, 81-million tonnes comprised ilmenite, 2.2-million tonnes contains rutile and... 

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