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Oil and Gas News

National Gas Infrastructure Plan unveiled for first time

By: Esmarie Iannucci     29th November 2021 The federal government has released the first full National Gas Infrastructure Plan (NGIP) and the Future Gas Infrastructure Investment Framework to help secure Australia’s gas supplies over the next 20 years. As part of the government’s gas-led recovery, the NGIP sets out a long-term... 

Beach faces class action from shareholder

By: Esmarie Iannucci     26th November 2021 Oil and gas producer Beach Energy is facing a shareholder class action. The company this week confirmed that it had been served with group proceedings filed in the Supreme Court of Victoria, which name Beach as the defendant. 

Image shows an ASX tradings board

Appea welcomes QRIDP

By: Esmarie Iannucci     25th November 2021 The Australian Petroleum Production and Exploration Association (Appea) has welcomed the draft Queensland Resources Industry Development Plan (QRIDP), saying it highlighted the importance of the natural gas industry to the Queensland economy. The QRIDP identifies the biggest global trends... 

Tamboran raises A$35m for oil exploration

By: Esmarie Iannucci     23rd November 2021 Junior Tamboran Resources will raise A$35-million through a private placement, including a A$20-million placement to strategic US investor Bryan Sheffield. The ASX-listed Tamboran on Tuesday said that it had placed some 94.4-million shares, at a price of 37c each, representing a 3% discount to... 

Support rolls in for Scarborough development

By: Esmarie Iannucci     23rd November 2021 Support has flooded in for oil and gas major Woodside’s decision to develop the $12-billion Scarborough and Pluto Train 2 liquefied natural gas (LNG) projects. Woodside and mining major BHP on Monday took a final investment decision on the Scarborough development which will include new domestic... 

Image shows the Pluto LNG plant

Woodside/BHP deal inked, $12bn Scarborough approved

By: Esmarie Iannucci     22nd November 2021 Mining major BHP and oil and gas producer Woodside Energy have taken a final investment decision on the $12-billion Scarborough and Pluto Train 2 developments, and have formally inked a binding share sale agreement that would see Woodside acquire the entire share capital of BHP Petroleum... 

Image shows two hands shaking

Zambia's pledges to investors, mining employment and Andrew Forrest make headlines   

19th November 2021 Mining Weekly Editor Martin Creamer unpacks Zambia’s pledges around green energy and copper as it seeks to attract investment; mining graduates should expect to be unemployed from the age of 40; and green hydrogen activist Andrew Forrest had some strong opinions about oil and gas in a recent... 

Photo of Martin Creamer
Zambia's pledges to investors, mining employment and Andrew Forrest make headlines

Govt releases third basin plan

By: Esmarie Iannucci     19th November 2021 The federal government has unveiled its third strategic basin plan, this time for the Cooper and Adavvale basins, spread across South Australia and Queensland. Minister for Resources and Water Keith Pitt said the Cooper-Adavale region encompasses one of Australia’s premier oil and gas producing... 

WA's oil and gas future bright - report

By: Esmarie Iannucci     19th November 2021 Investment in new oil and gas projects in Western Australia could contribute to between A$236.6-billion and A$439.9-billion to the state’s economy over the next 20 years, an independent report commissioned by the Australian Petroleum Production and Exploration Association (Appea) has found. The... 

Image shows LNG floating storage facility

Govt weighing more gas at Wallumbilla

By: Esmarie Iannucci     17th November 2021 The federal government has called for comment on a consultation paper that seeks to to increase liquidity and flexibility in the east coast gas market through enhancements to the Wallumbilla gas supply hub and the pipeline capacity trading framework. Minister for Industry, Energy and Emissions... 

Esso expands gas agreement for Victorian glass maker

By: Esmarie Iannucci     16th November 2021 Gas provider Esso Australia Resources, a subsidiary of ExxonMobil, has increased its gas sales agreement with glass manufacturer Oceania Glass. Esso earlier this year extended its gas sales agreement with Oceania Glass to continue supplying Gippsland gas until at least the mid-2020s. This latest... 

Weekly SA coal report

15th November 2021 When it comes to empty promises, COP always delivers, but when it comes to rich nations actually handing over real money to developing nations, the rhetoric hardens. Perhaps this is why the South African decarbonisation finance deal is being heralded as the biggest news from COP26 – a new model... 

An image of recent coal prices

PNG court approves Santos/Oil Search deal

By: Esmarie Iannucci     15th November 2021 The National Court of Papua New Guinea (PNG) has approved a merger between Oil and gas producers Santos and Oil Search that would create a A$21-billion oil and gas giant. The Court has called on Oil Search to convene a meeting of shareholders on December 7, to consider and vote on the proposed... 

Woodside sells stake in Pluto Train 2

By: Esmarie Iannucci     15th November 2021 Australian oil and gas major Woodside has struck a deal with infrastructure investor Global Infrastructure Partners (GIP) to sell a 49% stake in the Pluto Train 2 joint venture (JV). Pluto Train 2 is a key component of the proposed Scarborough development and includes a new liquefied natural gas... 

Image shows Woodside's Pluto LNG plant

Woodside secures land for Tasmanian hydrogen

12th November 2021 Energy producer Woodside on Friday announced that it had secured land for its proposed H2TAS hydrogen plant, marking another step forward in the company’s plans for large-scale production of renewable hydrogen and ammonia. The land is a partially cleared site in the Austrak Business Park, in the... 

Chevron announces A$40m offset package at Gorgon

By: Esmarie Iannucci     12th November 2021 US energy major Chevron has announced a A$40-million investment in lower carbon projects in Western Australia, as part of its offset package to address a carbon dioxide injection shortfall at the Gorgon natural gas facility over the five-year period ending July. Chevron in July this year... 

Image shows the Gorgon LNG plant

Green hydrogen market presents huge opportunity for Africa – Mantashe  

By: Martin Creamer     9th November 2021 The green hydrogen market presents a huge opportunity for Africa to position itself as a global competitor in future green energy markets, Minerals Resources and Energy Minister Gwede Mantashe has told the Africa Energy Week. Countries such as South Africa and Zimbabwe, the Minister said,... 

Stock picture
Minerals Resources and Energy Minister Gwede Mantashe

Senex backs higher deal from POSCO, makes A$80m Atlas buy

By: Esmarie Iannucci     8th November 2021 Korean major POSCO International Corporation has again improved its takeover offer for ASX-listed Senex Energy, and is now offering shareholders A$4.60 a share for their interest in the company. Senex in October flagged a change of control discussion with POSCO after that company in early... 

Public opinion sought on new petroleum exploration

By: Esmarie Iannucci     5th November 2021 Public consultation has opened on ten potential areas to be released for offshore petroleum exploration. Minister for Resources and Water Keith Pitt said ongoing petroleum exploration is critical to ensure Australians have access to reliable and affordable energy. 

Santos and CSIRO team up on CCS

By: Esmarie Iannucci     5th November 2021 Oil and gas major Santos is partnering with the Commonwealth Scientific and Industrial Research Organisation (CSIRO) to develop, what is hoped to be the lowest cost direct air capture technology in the world. The collaboration will continue to develop CSIRO Carbon Assist technology which removes... 

Woodside, BP and Mitsubishi form CCS consortium

By: Esmarie Iannucci     5th November 2021 Oil and gas major Woodside has announced a consortium with energy major BP and Japan Australia LNG (MIMI), which is owned by Mitsubishi Corporation and Mitsui & Co, to progress feasibility studies for a large-scale, multi-user carbon capture and storage (CCS) project near Karratha, in Western... 

Hope floats for Mozambique LNG projects

By: Darren Parker     5th November 2021 Despite the complete suspension of the multibillion-dollar liquified natural gas (LNG) projects, in Mozambique’s Cabo Delgado province, earlier this year, hopeful indications of a 2022 restart are beginning to surface, says research and consulting firm Africa House market access and development... 

A photo of a Rwandan soldier holding a machine gun atop an armoured personnel carrier with the Mozambique flag in the background
Photo by Reuters
DISRUPTED Violent conflict in Mozambique led to major LNG projects being put on hold indefinitely

Demand for natural gas growing in Africa

By: Darren Parker     5th November 2021 Demand for gas as an alternative energy source across Africa is increasing, as more cost-effective energy solutions are required than the traditional coal-based energy strategy, gas technology supplier Energas product manager Laetitia Jansen van Vuuren tells Mining Weekly. Energas specialises in... 

A photo of the new Energas premises
NEW PREMISES Energas has relocated to a new, larger facility in response to the growing industry demand for gas energy solutions

Ghanaian power plant reaches commercial operation

5th November 2021 Energy company Amandi Energy Limited announced in September that its Twin City Energy Power Project in Aboadze, Ghana – a 200 MW dual fuel combined cycle power plant – had reached commercial operations on July 30. Africa-focused independent power generation company Endeavor Energy Holdings –... 

A aerial photo of the Twin City Energy Power Project
TWIN CITY ENERGY POWER PROJECT The new power plant will add 200 MW of baseload power to Ghana’s grid

Correct lighting tech can improve safety

By: Darren Parker     5th November 2021 Using inappropriate lighting technology in environments with high levels of flammable liquids, vapours, gases or combustible dusts could increase the likelihood of fire or explosion, resulting in injury, damage to property and even death, explains lighting solutions company BEKA Schréder... 

A photo of BEKA Schréder’s various LED luminaires
ENLIGHTENED BEKA Schréder’s LED luminaires have a CRI of about 70, which provides a much more natural colour – similar to natural daylight – for better perception

CIMIC secures major work contract from Chevron

By: Esmarie Iannucci     4th November 2021 ASX-listed contractor CIMIC Group’s UGL subsidiary has been awarded a near A$400-million long-term maintenance contract from US energy major Chevron for work in the Pilbara. Under the master contract, UGL will deliver front-line and campaign maintenance, brownfield execution scopes and turnaround... 

Confluence of factors drove recent sharp rise in energy prices

By: Schalk Burger     3rd November 2021 The global energy price shock that has impacted especially energy-intensive industries in major and emerging markets was driven by different local factors in various parts of the world. Those factors include drought conditions in Brazil reducing hydropower output, a prolonged winter in Europe and... 

Renergen reports 600% increase in South African helium reserves

By: Esmarie Iannucci     3rd November 2021 ASX-listed Renergen has reported an over 600% increase in methane and helium reserves at its flagship Virginia gas project, in South Africa. The company told shareholders that following a recent drilling campaign as part of the ongoing assessment and development of Virginia, accreditation agency... 

Beach CEO steps down

By: Esmarie Iannucci     3rd November 2021 Oil and gas producer Beach Energy this week announced the sudden resignation of MD and CEO Matt Kay. Kay told the company that given Beach’s current strong position, he felt now was an appropriate time to depart in order to pursue other professional opportunities. 

US unveils crackdown on methane from oil and gas industry

By: Reuters     2nd November 2021 The United States on Tuesday unveiled a plan to slash emissions of the greenhouse gas methane from oil and gas operations as part of its strategy to crack down on climate change, drawing cautious support from both environmental groups and drillers. The announcement coincided with the UN climate... 

An image of US President Joe Biden
US President Joe Biden speaking at the UN climate conference in Glasgow, Scotland.

Moomba to be in production by 2024

By: Esmarie Iannucci     2nd November 2021 Oil and gas major Santos and its joint venture (JV) partner Beach Energy have taken a final investment decision (FID) on the $165-million Moomba carbon capture and storage (CCS) project, in South Australia. Start-up of the project is expected in 2024 and the project will reduce emissions from... 

Image shows smoke stacks at sunset

Trouble on the horizon for Scarborough

By: Esmarie Iannucci     29th October 2021 Oil and gas major Woodside has defended the development of its $12-billion Scarborough project, saying the company had set clear emission reduction targets. A new campaign has been launched to resist the Scarborough development, with the Say No to Scarborough Gas coalition launching on Friday.  

Image shows Woodside logo outside its office building in Perth

Teck's C$1bn quarterly profit helped by steelmaking coal

By: Mariaan Webb     27th October 2021 Canadian diversified miner Teck Resources has posted record third-quarter results, helped by strong commodity prices, particularly for steelmaking coal. Adjusted earnings before interest, tax, depreciation and amortisation (Ebitda) was a record C$2.1-billion in the third quarter – more than... 

An image of Teck CEO Don Lindsay
Teck CEO Don Lindsay

Barossa tracking to plan - Gallagher

By: Esmarie Iannucci     27th October 2021 Oil and gas major Santos on Wednesday said that its $2.6-billion Barossa project is running on schedule and within budget, and is now about 15% complete. First gas from Barossa is targeted for the first half of 2025. 

Image shows Santos workers at an un-named plant

NT advances CCUS hub with LNG producers

By: Esmarie Iannucci     27th October 2021 The Northern Territory government has signed an agreement with the Commonwealth Scientific and Industrial Research Organisation (CSIRO), a number of industry players and engineering companies to fast-track emissions reduction across Northern Australia’ energy sector. The agreement will see all... 

Oil Search narrows full year guidance

By: Esmarie Iannucci     27th October 2021 Oil and gas producer Oil Search has reported a strong quarter in the three months to September, as operating revenues and production rose. Operating revenues for the September quarter was up 12% on the previous quarter, to $409-million, as liquefied natural gas (LNG) and gas realised prices... 

Australia sets 2050 net-zero targets

By: Esmarie Iannucci     26th October 2021 Australian Prime Minister Scott Morrison on Tuesday set a net zero emissions target for 2050 ahead of the COP26, releasing Australia’s Long Term Emissions Reduction Plan. The technology-driven plan sets out a credible pathway to net zero by 2050, while preserving our existing industries,... 

Image shows Australian PM Scott Morrison
Photo by Bloomberg
Australia PM Scott Morrison

Climate Council calls for end to coal and gas as Australia places last

By: Esmarie Iannucci     25th October 2021 A new report by the Climate Council has ranked Australia in last place out of all developed countries, for its performance on climate change. The report assessed both Australia’s track record on climate and its commitments moving forward against its international peers and found that Australia... 

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