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Gas shortfall forecast for Australia’s east coast in 2018

By: Esmarie Swanepoel     Updated 1 hour 19 minutes ago An interim report by the Australian Competition and Consumer Commission (ACCC) has predicted a substantial shortfall in gas for the east coast by 2018. “The interim report projects a supply shortfall in the east coast gas market of up to 55 petajoules (PJ) in 2018, which could be as high as 108... 

Strike reaches new gas deal with Orica

By: Esmarie Swanepoel     22nd September 2017 Independent oil and gas company Strike Energy has struck a new gas sales agreement with Orica International to supply up to 64 PJ of gas from the Southern Cooper Basin gas project. The new gas sales agreement replaces a 2014 agreement for the supply of up to 250 PJ of gas, with the gas to be... 

Company expands into the US

     15th September 2017 This year, rope and lifting technology specialist The PFEIFER Group’s opened another branch office in the US, in Houston, Texas, which will see the rope and lifting technology specialist continue to grow its business in conjunction with the group’s other US existing branch, which was launched in... 

First sod turned on A$800m Northern gas pipeline

By: Esmarie Swanepoel     14th September 2017 Queensland State Development and Natural Resources and Mines Minister Dr Anthony Lynham has turned the first sod at the A$800-million Northern gas pipeline. The 622-km pipeline, being developed by Jemena, will link Tennant Creek in the Northern Territory to Mount Isa, in Queensland, with first... 

Santos supplies more gas to east coast

By: Esmarie Swanepoel     7th September 2017 Australian oil and gas major Santos on Thursday announced that it would supply a further 30 petajoules (PJ) of gas to the east coast domestic market between 2018 and 2019. The ASX-listed company reported that the gas, which would be sourced from the Gladstone liquefied natural gas (GLNG)... 

Australian gas exports continue to rise

By: Esmarie Swanepoel     6th September 2017 Australia’s natural gas output reached a record 3 770 PJ in 2017, up 27% on the 2016 financial year, energy market analyst EnergyQuest reported on Wednesday. EnergyQuest CEO Dr Graeme Bethune noted that gas production from the east coast was catching up with demand, with liquefied natural gas... 

Qld releases more gas acreage

By: Esmarie Swanepoel     6th September 2017 The Queensland government has opened a further 400 km2 of prospective land in the Surat and Bowen basins for tender, following a successful pilot project. The state government earlier this week awarded ASX-listed Senex Energy 58 km2 of tenements in the Surat basin coal seam gas acreage, to... 

Qld set to award Surat basin lease to Senex for domestic gas supply

By: Esmarie Swanepoel     5th September 2017 The Queensland government has tipped ASX-listed Senex Energy as the preferred tenderer for a petroleum lease in the Surat basin, to supply gas to the domestic market. Senex has been awarded 58 km2 of tenements in the Surat basin coal seam gas acreage, which hosts an estimated recoverable gas... 

Santos to supply more gas to domestic market

By: Esmarie Swanepoel     30th August 2017 Australian oil and gas major Santos has inked a location swap agreement to deliver at least 18 PJ/y of gas to the southern domestic market. Under the three-year agreement, which takes effect in January 2018, Santos will take delivery of gas at Wallumbilla, and will then provide an equivalent... 

MCA, federal Minister blast Victoria’s renewable energy targets 

By: Esmarie Swanepoel     25th August 2017 The Minerals Council of Australia (MCA) has blasted the Victorian government’s attempts to legislate renewable energy targets of 40% by 2025, warning that it would see energy costs in the state further increase. The state government this week introduced legislation to the state Parliament to... 

Ferguson calls on NT govt to reconsider fracking stance

By: Esmarie Swanepoel     18th August 2017 The Australian Petroleum Production & Exploration Association (Appea) has called on the Northern Territory government to reconsider its stance on hydraulic fracturing (fracking), saying an onshore gas industry in the region could deliver new sources of stable, long-term revenue for the Territory... 

Export restrictions risk exacerbating domestic gas supply problem – Appea

By: Esmarie Swanepoel     24th July 2017 The Australian Petroleum Production & Exploration Association (Appea) has again warned against plans to restrict gas exports to boost domestic supply. The warning comes as Resources Minister Matt Canavan gave formal notice to liquefied natural gas (LNG) producers that he would consider whether... 

Santos increases output expectations for 2017

By: Esmarie Swanepoel     20th July 2017 Australian oil and gas major Santos has increased its production and sales expectations for the full 2017, following another strong quarter. The ASX-listed company was now expecting to produce between 57-million and 60-million barrels of oil equivalent during the full 2017, while sales volumes... 

Joint programme to fund new Australia gas projects

By: Esmarie Swanepoel     17th July 2017 During the recent Council of Australian Governments (COAG) meeting, Australian state and territory governments have agreed to work with the federal government to implement its A$26-million gas acceleration programme (GAP) to fast-track new gas to the east coast market. Minister for Resources and... 

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... 

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