Loading

Coal Seam Gas

Santos and Shell JV wins Queensland gas acreage 

LEADING Australian gas producers Santos and Shell have been appointed as preferred tenderer to explore new acreage in Queensland’s key gas-producing Surat and Bowen Basins in a 50-50 joint venture. Santos is the designated operator in this exploration acreage. The PLR201718-2-5 licence covers approximately 400 sq. Km, located 19 km east of the town of Surat, and was released by the Queensland Government exclusively to boost domestic gas supply on

Australia to benefit from growing global gas demand

FORECASTS by the International Energy Agency (IEA) confirm that the global demand for natural gas will surge over the next 20 years, creating a phenomenal economic opportunity for Australia. APPEA Chief Executive Dr Malcolm Roberts said the IEA’s latest World Energy Outlook shows that a growing natural gas industry is an essential part of a cleaner energy future. “In the IEA’s New Policies scenario, demand for natural gas is expected

Jemena signs gas transportation agreement with Santos

LEADING energy-infrastructure company, Jemena, has signed a new gas transportation contract with Santos to ship around eight terajoules (TJs) of gas per day across the $800 million Northern Gas Pipeline (NGP). Gas transported as part of the agreement will be used to provide energy for local mining and mineral processing operations in the Mount Isa region. The new agreement means around 80 per cent of the NGP’s total available capacity

Woodmac report suggests that gas shortages loom in Australia

THE pace and scale of transformation in the east Australian gas market over the past five years has put gas – both its availability and its pricing – firmly on the country’s political agenda. Global natural resources consultancy Wood Mackenzie’s Australia East Coast Gas Market Outlook 2018-2032, suggests that the market has been severely disrupted by the Queensland LNG developments. “The Queensland LNG export projects have shattered the east coast’s ‘cheap

Decmil lands QGC Framewotk Agreement

DECMIL Group Limited has secured a new three-year Framework Agreement with QGC Pty Limited for works within the Surat Basin. The Framework Agreement will commence on 1 November 2018 and the scope includes the provision of construction activities, logistics and maintenance services across a number of QGC’s upstream projects within the Surat Basin. Decmil has been working with QGC in the Surat Basin for over seven years providing services that

Further Australian gas shortages tipped as LNG exporters and domestic consumers compete for supply

LEADING Global natural resources consultancy Wood Mackenzie says that Australia’s domestic gas prices are now permanently tied to international LNG prices and that demand for gas on the east coast will only get tighter. “The Queensland LNG export projects have shattered the east coast’s ‘cheap gas forever’ mentality,” Nicholas Browne, director, gas and LNG research, at Wood Mackenzie, said. “We believe Australia’s domestic gas price is now inextricably linked to

Gas capital expenditure to hit US$1.13 trillion in 2025

Natural gas projects will receive a significant investment boost over the coming years, enabling gas to overtake oil as the world’s primary energy source in 2026, and account for a quarter of the world’s energy by mid-century. DNV GL’s 2018 Energy Transition Outlook, an independent forecast of the world energy mix in the lead-up to 2050, predicts global upstream gas capital expenditure to grow from US$960 billion (bn) in 2015,

CSIRO confirms ‘good air quality’ in coal seam gas region

The air quality of the Surat Basin in Queensland is well within air quality typical of similar rural areas, according to the first comprehensive ambient air quality study in a coal seam gas (CSG) region of Australia released today. Conducted by CSIRO’s Gas Industry Social and Environmental Research Alliance (GISERA)*, the independent research assessed and modelled air quality in the Surat Basin gas region to investigate the influence of CSG activities on air

$2 million boost for east coast Gas Acceleration Program

A PROJECT to restart gas processing facilities in South West Queensland will get a $2 million boost from the Australian Government’s $26 million Gas Acceleration Program, increasing gas supply to the East Coast market. Federal Minister for Resources and Northern Australia Matt Canavan said the funding would allow Australian Gasfields Limited to bring forward by a year the refurbishment and restarting of the Eromanga and Gilmore Gas Plants, adding a

Santos announces A$400 million investment in Arcadia project in Qld

SANTOS and its GLNG Partners have announced an investment ofi more than A$400 million in the 137-well Arcadia gas project in the Bowen Basin in Queensland’s Central Highlands region. The A$400 million Arcadia investment is in addition to the A$900 million they are investing in upstream developments in the Maranoa, Western Downs, Central Highlands and Banana regions of Queensland this year. Santos managing director and CEOKevin Gallagher said the Arcadia