News

  • Queensland approves four new gas projects in Bowen Basin with $21m funding

    NEWS

    Queensland approves four new gas projects in Bowen Basin with $21m funding

    In a bid to boost gas supply and support domestic energy needs, Queensland has greenlit four new gas projects in the Bowen Basin, backed by a $21 million New Frontier Gas Exploration Program. The funding, aw... more

  • Northern Territory pursues gas development amid net zero goals

    NEWS

    Northern Territory pursues gas development amid net zero goals

    The Northern Territory government is forging ahead with an ambitious strategy to tap into the Territory's substantial gas resources, particularly focusing on the Beetaloo Basin, all while striving to achieve ne... more

  • Hartshead Resources advances gas fields amid fiscal uncertainties

    NEWS

    Hartshead Resources NL expands UK portfolio with 10 block wins

    Hartshead Resources NL (ASX: HHR), a European-focused ASX-listed energy company, has achieved remarkable success in the 33rd UK Licensing Round, securing 10 blocks that significantly expand its UK portfolio. ... more

  • Australian govt unveils Future Gas Strategy to drive net zero transition

    NEWS

    New Future Gas Strategy to drive Australia’s net zero transition

    The Australian government has unveiled its Future Gas Strategy, outlining a comprehensive plan for the role of gas in the nation's transition to net zero emissions by 2050. The strategy, released by Minister... more

  • Queensland approves four new gas projects in Bowen Basin with $21m funding
    16 May, 2024
  • CCS key to get the world to net-zero faster
    19 Aug, 2021
Northern Territory pursues gas development amid net zero goals

Northern Territory pursues gas development amid net zero goals

16 May, 2024
The Northern Territory government is forging ahead with an ambitious strategy to tap into the Territory's substantial gas resources, particularly focusing on the Beetaloo Basin, all while striving to achieve net zero greenhouse gas emissions by 2050. These plans, outlined in the NT Budget, aim to leverage the economic benefits of gas development while transitioning towards a more sustainable future. The NT government views natural gas as a crucial transition fuel to support the shift towards renewable energy and net zero emissions. The 2023-24 NT Budget highlights the potential for $2.9 billion worth of gas projects, including the Petrel offshore…
Hartshead Resources advances gas fields amid fiscal uncertainties

Hartshead Resources NL expands UK portfolio with 10 block wins

13 May, 2024
Hartshead Resources NL (ASX: HHR), a European-focused ASX-listed energy company, has achieved remarkable success in the 33rd UK Licensing Round, securing 10 blocks that significantly expand its UK portfolio. These blocks, all containing either gas field redevelopment projects or undeveloped gas fields, highlight the company's strategic expansion in the region. Among the key highlights of this achievement, Hartshead has won nine blocks in the Southern Gas Basin and one block adjacent to P2607. Additionally, the company will collaborate with Meridian Resources and Comtrack (UK) Ltd. on several blocks, showcasing a strategic partnership approach to maximise opportunities. Hartshead CEO Chris Lewis…
Australian govt unveils Future Gas Strategy to drive net zero transition

New Future Gas Strategy to drive Australia’s net zero transition

13 May, 2024
The Australian government has unveiled its Future Gas Strategy, outlining a comprehensive plan for the role of gas in the nation's transition to net zero emissions by 2050. The strategy, released by Minister for Resources and Northern Australia Madeleine King, emphasises the importance of gas in ensuring affordable and reliable energy for Australia while supporting global emissions reductions and maintaining its position as a reliable trading partner. The Future Gas Strategy is built on six key principles: Commitment to supporting global emissions reductions, reaching net zero emissions by 2050. Ensuring gas remains affordable for Australian users throughout the transition. Recognising…
ExxonMobil and Pioneer merger creates unconventional energy giant in Permian Basin

ExxonMobil and Pioneer merger creates energy giant in Permian Basin

10 May, 2024
In a move set to redefine the energy landscape, ExxonMobil and Pioneer have finalised their merger, forming a powerhouse poised to dominate the Permian Basin. This merger creates an entity with the largest, high-return development potential in one of the world's most prolific oil regions. The combined company boasts an impressive 1.4 million net acres in the Delaware and Midland basins, estimated to hold a staggering 16 billion barrels of oil equivalent resource. The merger will significantly boost ExxonMobil's Permian production, more than doubling it to 1.3 million barrels of oil equivalent per day (MOEBD) based on 2023 volumes. Projections…
NSTA offers 31 licences in latest oil and gas licensing round

NSTA offers new licences in the North Sea to grow oil and gas

10 May, 2024
The North Sea Transition Authority (NSTA) has announced the offering of a further 31 licences in the latest phase of the 33rd oil and gas licensing round. This brings the total number of offers in the round to 82, made to 50 companies. The 33rd licensing round attracted significant interest, with 115 bids submitted by 76 companies across 257 blocks and part blocks. These licences are expected to add an estimated 600 million barrels of oil equivalent (mmboe) up to 2060, or 545 mmboe by 2050. The first tranche of offers, comprising 27 licences, was issued in October 2023, followed…
Chevron and AATI granted FAA waiver for UAS surveillance

Chevron granted waiver for UAS oil and gas pipeline surveillance

08 May, 2024
Chevron Pipe Line Company (CPL), a subsidiary of Chevron Corporation, in collaboration with American Aerospace Technologies, Inc. (AATI), has achieved a significant milestone in unmanned aircraft surveillance. The companies have received a first-of-its-kind waiver from the U.S. Federal Aviation Administration (FAA) to conduct unmanned aircraft surveillance in the San Joaquin Valley using the AiRanger Unmanned Aircraft System (UAS). The AiRanger UAS, designed by AATI, is a fixed-wing aircraft capable of long-range operations beyond visual line of sight (BVLOS). It weighs 99.79 kilograms, has a wingspan of about 5.49 metres, and can fly over 1,126.75 kilometres and up to 17 hours…
TotalEnergies completes sale of its Canadian assets to Suncor

Energy giants strengthen partnership to drive low-carbon energy

08 May, 2024
A new agreement between TotalEnergies and China Petroleum and Chemical Corporation (SINOPEC) will create a strengthened partnership aimed at deepening collaboration, especially in the realm of low-carbon energies. TotalEnergies and SINOPEC have partnered in the past, for example in Angola and Brazil in Upstream operations, as well as in various domains such as oil, LNG, oil product trading, and engineering. More recently, the companies have worked together to develop a sustainable aviation fuel (SAF) production unit with an annual capacity of 230,000 tonnes at a SINOPEC refinery in China. The new agreement intends to further enhance the partnership between the two…