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Oil & Gas

Strike readies to start gas acceleration strategy
9th May 2023 By: Esmarie Iannucci

ASX-listed Strike Energy on Tuesday is poised to start a 2D seismic campaign at its Eneabba Deep operation, after receiving all the necessary regulatory approvals for the 128-km campaign, giving... 


Eskom's Kusile power plant
Biggest African bank cites energy needs in fossil fuel defense
9th May 2023 By: Bloomberg

Standard Bank Group, Africa’s biggest lender by assets, defended it’s investment in fossil-fuel projects, saying tthe continent’s energy needs have to be balanced with climate concerns. The... 


Image shows Australian flag and coat of arms
Govt reveals PRRT changes
8th May 2023 By: Esmarie Iannucci

Federal Treasurer Jim Chalmers has announced changes to the Petroleum Resource Rent Tax (PRRT), saying it would deliver a fairer return to the Australian community from their natural resources.... 


Image shows fuel gas pipeline
Resources sector welcomes Qld CSG support
5th May 2023 By: Esmarie Iannucci

The resources sector has welcomed the Queensland government’s response to the GasField Commission Queensland (GFCQ) Report into coal seam gas- (CSG-) induced subsidence. The state government this... 


Image shows LNG being loaded on ship
NT opens Beetaloo up for development
4th May 2023 By: Esmarie Iannucci

The Northern Territory government has green-lit the development of the Beetaloo Sub-basin after taking on-board 135 recommendations made in the 2018 Scientific Inquiry into Hydraulic Fracturing.... 


Invictus raises funds for Zim oil hunt
3rd May 2023 By: Esmarie Iannucci

Upstream oil and gas company Invictus Energy has launched a share purchase plan (SPP) to raise up to A$10-million to fund exploration at its 80% owned Caborsa Bassa project, in Zimbabwe. The SPP,... 


Image shows Santos workers
Santos signs MoUs to support Bayu-Undan
3rd May 2023 By: Esmarie Iannucci

Oil and gas major Santos has signed four memoranda of understanding (MoUs) for the proposed storage of carbon dioxide (CO2) emissions from third parties to underpin the initial development of the... 


Suncor to boost oil sands output with $4bn Total deal
2nd May 2023 By: Bloomberg

Suncor Energy is set to boost its carbon-intensive oil sand reserves after agreeing to buy TotalEnergies'Canada unit in a C$5.5-billion (all-cash deal. The acquisition represents a “major step”... 


MinRes takes compulsory action in Norwest bid
2nd May 2023 By: Esmarie Iannucci

ASX-listed Mineral Resources has acquired more than a 90% interest in takeover target Norwest Energy, triggering the compulsory acquisition of the remaining shares in the ASX-listed target.... 


Image shows a collage of images relating to climate change
Net Zero offers A$40bn in opportunities to Aus - report
1st May 2023 By: Esmarie Iannucci

A new report has revealed that the shift to Net Zero emissions could generate as much as A$40-billion in national income for Australia and A$65-billion in economic activity by 2050. In its latest... 


Santos extends PNG LNG deal talks with Kumul
1st May 2023 By: Esmarie Iannucci

Oil and gas major Santos has extended its exclusivity period with Papua New Guinea (PNG) national oil and gas company Kumul Petroleum Holdings over the sale of a 5% stake in the PNG liquefied... 


Global mining supply. Source: DNV report.
Hydrogen has advantage of relatively cheap energy storage, DNV study finds
28th April 2023 By: Martin Creamer

Both hydrogen and battery technologies are expected to operate in the power sector, but in different areas, says independent risk management and assurance firm DNV. Hydrogen is expected to play a... 


Image shows LNG export vessel
Woodside urges fiscal stability at AGM
28th April 2023 By: Esmarie Iannucci

Oil and gas major Woodside has warned that fiscal uncertainty in Australia could prevent the company from making further investments. Speaking at the company’s annual general meeting,... 


Image shows Australian flag and coat of arms
Appea warns Gas Code could hinder investment
27th April 2023 By: Esmarie Iannucci

The Australian Petroleum Production and Exploration Association (Appea) has expressed concern around the proposed mandatory code of conduct (Gas Code), saying that while it recognises the critical... 


Image shows a ship in Port Hedland
Resource sales in WA reach record heights
26th April 2023 By: Esmarie Iannucci

Western Australia’s resource industry exports reached a record high of A$246-billion in 2022. Resources sales for 2022 were up A$15-billion from 2021 based on annual data released by the... 


Perdaman breaks ground on A$6bn urea project
Perdaman breaks ground on A$6bn urea project
26th April 2023 By: Esmarie Iannucci

Privately held Perdaman has broken ground on its A$6-billion Karratha urea project, marking the start of construction at the Pilbara’s first new gas manufacturing project in more than a decade.... 


Image shows Australian currency
Report highlights LNG investment potential for treasury
26th April 2023 By: Esmarie Iannucci

A new report by advisory firm Wood Mackenzie, has estimated that Australia’s state and federal governments would benefit from A$100-billion in taxation receipts from gas export projects over the... 


Woodside finds hydrogen partner in Singapore
26th April 2023 By: Esmarie Iannucci

Oil and gas major Woodside Energy has inked a non-binding heads of agreement (HoA) with Singapore’s Keppel Data Centres Holding to evaluate the potential supply of liquid hydrogen to Singapore from... 


Image shows an LNG plant
Gas Code up for final consultation
26th April 2023 By: Esmarie Iannucci

The federal government has opened the final consultation on the mandatory code of conduct (Gas Code) to secure more gas at reasonable prices for Australian consumers. Following significant... 


Green Connection mulls appeal of TotalEnergies’ approval to drill on southwest coast
21st April 2023 By: Marleny Arnoldi

Nonprofit organisation The Green Connection has described the Department of Mineral Resources and Energy’s (DMRE’s) decision to grant TotalEnergies Exploration and Production South Africa... 


Image shows an LNG tanker
Oil & gas producers facing A$16bn tax bill - Appea
21st April 2023 By: Esmarie Iannucci

Taxes from the Australian oil and gas industry are set to reach A$16.26-billion during 2022-23, up from A$6.46-billion last financial year the Australian Petroleum Production & Exploration... 


Image shows the Woodside office
Woodside production tumbles in first quarter
21st April 2023 By: Esmarie Iannucci

Energy major Woodside has reported a 9% decline in production during the three months to March, compared with the previous quarter on the back of turnaround and maintenance activities. The... 


Heraeus Precious Metals Executive Vice-President New Business Philipp Walter.
Platinum-based hydrogen production is in competitive upscale mode, Heraeus’ Walter reports
20th April 2023 By: Martin Creamer

Platinum group metals- (PGM-) based proton exchange membrane (PEM) electrolysis is a competitive technology in upscale mode and is making its mark in electrolysis for hydrogen production as well as... 


CCUS and gas has big role in net zero - study
20th April 2023 By: Esmarie Iannucci

While new analysis has highlighted the need for natural gas and large carbon capture utilisation and storage (CCUS) in Australia’s race to net zero, there would be very little space for nuclear... 


Image shows rolled up Australian dollars
O'Neill cautions on new taxes
20th April 2023 By: Esmarie Iannucci

The CEO of oil and gas major Woodside, Meg O’Neill has urged the federal government to carefully consider the implications of tax changes to the oil and gas industry. Speaking at the National... 


Image shows Santos workers
Santos production stumbles in first quarter
20th April 2023 By: Esmarie Iannucci

Oil and gas major Santos has reported a slight decline in production during the three months to March, following the temporary shutdown of the John Brookes platform, in Western Australia, in late... 


Buru considers LNG for Rafael
18th April 2023 By: Esmarie Iannucci

ASX-listed Buru Energy has demonstrated that a floating liquefied natural gas (FLNG) facility was a viable option for its Rafael gas and condensate resource in the Canning Basin. Buru told... 


Suncor’s Fort Hills expansion to be reconsidered by regulator
18th April 2023 By: Reuters

The Alberta Energy Regulator is reconsidering approval of a plan allowing Suncor Energy Inc. to extend its Fort Hills oil-sands mine into nearby wetlands after pressure from an environmental... 


Report highlights sequestration potential
18th April 2023 By: Esmarie Iannucci

The Australian Petroleum Production & Exploration Association (Appea) has welcomed a paper by the Climate Change Authority (CCA) highlighting the need and opportunity for sequestration in... 


Hive Hydrogen South Africa executive chairperson Thulani Gcabashe.
Green hydrogen investment pledge hits conference’s top spot at R105bn
17th April 2023 By: Martin Creamer

The investment into green hydrogen was the biggest investment pledge by far to be announced at the fifth South African Investment Conference (SAIC) in Sandton. The R105-billion energy investment... 


MinRes reaches 80% shareholding in Norwest
17th April 2023 By: Esmarie Iannucci

ASX-listed Mineral Resources (MinRes) has gained a shareholding of more than 80% in takeover target Norwest Energy. MinRes earlier this year launched its takeover offer for Norwest, offering... 


Mad Dog 2 starts production
14th April 2023 By: Esmarie Iannucci

Oil and gas major Woodside on Friday reported the start of production from the Mad Dog Phase 2 project, in the deepwater US Gulf of Mexico. The $9-billion Mad Dog Phase 2 project extends the life... 


Invictus seeks to raise A$10m
6th April 2023 By: Esmarie Iannucci

Upstream oil and gas company Invictus Energy will raise A$10-million in a private placement to sophisticated and institutional investors to fund preparations for the Mukuyu 2 appraisal well... 


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