Energy Club NT News

RECEIPT OF R&D TAX OFFSET AND OPERATIONAL UPDATE

Wed, 01 Apr 2026 23:56:27 GMT

$15.4 million R&D Tax Offset refund received in cash including interest
Strengthens funding position as Beetaloo Energy works towards pilot gas production
Supports execution of the Carpentaria Pilot Project
Positions the Company to commence pilot gas sales into the Northern Territory market in 2026
Carpentaria Pilot Project civil works complete. Gas plant refurbishment in Roma complete.Transport of gas plant to site to commence in the coming weeks once weather conditions allow for heavy vehicle access
C-5H flow testing to recommence this Quarter.

“The receipt of the R&D tax refund of $15.4 million materially strengthens Beetaloo Energy’s balance sheet at a pivotal stage in the company’s development.

This funding comes following Final Investment Decision for the Carpentaria Pilot Project, strong operational results from Carpentaria-5H (“C-5H”) and the commencement of construction of the Carpentaria Gas Plant. Together, these are key milestones as we work towards pilot production.

The refund provides additional financial flexibility to progress clean-up and flow testing at C-5H, progress Carpentaria Gas Plant construction and prepare for pilot gas production. Importantly, it allows the company to maintain momentum while preserving shareholder value.

With all key regulatory and Traditional Owner approvals secured and three wells ready to be tied into pilot production, Beetaloo Energy is well positioned to commence pilot production and supply gas into the Northern Territory domestic market in 2026.

Ongoing hostilities in the Middle East demonstrate the critical importance of hydrocarbons in all facets of our lives and the necessity for Australia to drill for its own oil and gas. Pilot production from the Beetaloo into the NT local market is imminent, and following Inpex’s entry into the basin, drilling activity is expected to continue increasing, providing enhanced energy security for Australia. We are proud to play our role in the emergence of this world class gas resource.”

⎯ Alex Underwood, Managing Director

CARPENTARIA PILOT PROJECT UPDATE

All civil works for the Carpentaria Gas Plant were completed in January with no recordable safety or environmental incidents. Drilling and piling the structural supports for the plant was well underway before one of the heaviest wet seasons experienced in the Top End for several decades temporarily halted activities. Piling crews are scheduled to complete their activities in the coming weeks.

All crew were demobilized safely in anticipation of the heavy rainfall which has now ceased. Access to site has been limited to light vehicles. Work will resume when heavy vehicle access is considered safe.

In Roma, all planned refurbishment and modifications are now complete, and the plant is ready for transport to site starting in April. Refurbishment works were completed under budget.

Beetaloo Energy has been securing its supply chains since the outbreak of hostilities in the Middle East, taking early physical delivery of diesel for the transportation and installation of the gas plant.

Beetaloo Energy anticipates commissioning activities in Q3 2026, immediately followed by gas sales.

R&D TAX INCENTIVE

Beetaloo Energy Australia Limited (“Beetaloo Energy”) advises that it has received a cash refund of $15,404,502 including interest under the Australian Government’s Research and Development Tax Incentive (R&D Tax Incentive) for the year ending 31 December 2024.

The Australian Government’s R&D Tax Incentive is designed to encourage innovation and new knowledge generation by providing eligible companies with a refundable tax offset for qualifying research and development activities.

Beetaloo Energy’s eligible R&D activities for the year ended 31 December 2024 relate primarily to:

Horizontal drilling and hydraulic stimulation processes;
New testing and analytical processes for ancient shales; and
Technical work supporting the Carpentaria Pilot Project.

Deloitte Tax Services advised Beetaloo Energy in relation to the preparation of the Research & Development Tax Incentive application.

USE OF FUNDS

The R&D refund is intended to be applied to:

Repaying part of Facility A (R&D Credit Facility) with Macquarie Bank;
Progressing Carpentaria Gas Plant construction and associated infrastructure;
Advancing the Carpentaria Pilot Project toward first gas production and sales; and
Providing additional working capital flexibility as the Company moves into operations.

Source: Receipt of R&D Tax Offset and Operational Update

SS-6H delivers average IP20 flow rate of 11.9 MMcf/d, normalized over 10,000 foot horizontal

Wed, 01 Apr 2026 23:55:54 GMT

Highlights:

The Shenandoah South 6H (SS‑6H) well delivered a record average 20‑day initial production (IP20) flow rate of 10.3 million cubic feet per day (MMcf/d) from an 8,635‑foot (2,632‑metre) horizontal section within the Mid Velkerri B Shale.
On a normalized basis, SS‑6H achieved a flow rate of 11.9 MMcf/d per 10,000 feet, which compares favorably to the average performance of more than 11,000 producing wells in the Marcellus Shale dry gas fairway with over 12 months of production history.
The flow test has now been concluded, with the well delivering a stable rate of 8.8 MMcf/d (normalized to 10.2 MMcf/d per 10,000 feet) at a flowing wellhead pressure of approximately 580 psi.
At the conclusion of the flow test, water was continuing to unload at a rate of ~270 barrels per day (bbl/d), indicating the well was still in the process of cleaning up.
All key technical objectives of the flow test have been achieved, with the well demonstrating sustained, stable rates over the last five days of testing, similar to that observed at the SS-2H ST1 well.
Testing has been intentionally curtailed to avoid unnecessary flaring and carbon emissions, and preserve reservoir energy ahead of tie‑into the Sturt Plateau Compression Facility (SPCF) and the commencement of gas sales in 3Q 2026.
The 2026 stimulation campaign for the Shenandoah South 3H, 4H and 5H wells is planned to commence in the second quarter, with all three wells expected to be tied into the SPCF and brought into production during 3Q 2026.

Tamboran Resources Corporation Chief Executive Officer, Mr. Todd Abbott, said:

“The SS‑6H flow test has safely and successfully delivered the technical information we were seeking, with the well demonstrating strong, stable performance and low decline characteristics.

“Over the last five days of the test, we noted behavior of the gas rate similar to the performance of the SS2H ST1 well. This aligns with our view that these wells will continue to clean up with extended production testing and deliver shallower decline profiles in early production.

"Having met these key objectives and given the well will be used to sell gas to the Northern Territory gas network later this year, we have concluded testing in order to preserve reservoir pressure and reduce flaring and unnecessary carbon emissions. At the conclusion of testing, the well was continuing to unload water at ~270 bbl/d.

We are now preparing to commence the 2026 stimulation program, which includes completing the three remaining 10,000-foot wells required to deliver the ~40 MMcf/d under the Gas Sales Agreement to the Northern Territory.”

Source: Tamboran Resources ASX Announcement

NT Future Workforce Pilot Program Launched

Wed, 01 Apr 2026 23:47:43 GMT

• The NT Future Workforce Pilot Program will support businesses to create employment pathways for young Territorians to grow the Territory workforce.

• 20 young Territorians aged 15 – 18 who are disengaged from school will be given the opportunity to transition to structured employment including opportunities for traineeships and apprenticeships.

• The program will reduce the risks and costs associated with hiring young workers for businesses, building confidence to invest in the Territory’s future workforce.

The Finocchiaro CLP Government is providing young Territorians with a pathway to long-term employment with the launch of the NT Future Workforce Pilot Program. The program provides extensive wrap around support, reducing the risks and costs associated with hiring young workers, giving businesses the confidence to invest in the Territory’s future workforce.

Delivered by the GTNT Group, the pilot will help local businesses grow their workforce through its support of 20 young people aged 15–18 from the Darwin, Palmerston, and rural region, who are disengaged from school, to transition into structured employment leading to apprenticeships, traineeships, or ongoing jobs. , while creating employment pathways for young Territorians.

Established in 1989, GTNT Group is the Northern Territory’s largest and longest-standing Group Training Organisation, having supported more than 6,500 apprentices and trainees and partnered with over 1,500 local businesses across industries including mining, energy, construction, trades, business, health and community services.

Kathryn Stenson, CEO GTNT Group CEO said, ‘local businesses participating in the Program will be contributing to building the NT workforce and show our young people the great opportunities we have here in the NT”.

“Paired with GTNT Group’s tailored mentoring and support program, participating businesses will benefit from supported work-experience placements, allowing them to trial participants before committing to ongoing employment.”

Minster for Trade, Business and Asian Relations, Robyn Cahill, said the pilot program was about creating real opportunities for young Territorians who may have disengaged from school but are ready to step into the workforce and build a future.

“Strengthening workforce participation and supporting businesses to grow is central to delivering security, certainty and growth for the Territory economy and initiatives like the NT Future Workforce Pilot Program ensure young Territorians are well positioned to take up the jobs of the future,” she said.

“These measures reduce recruitment risk, ease administrative burden, and improve retention outcomes for small and medium-sized businesses in the Darwin region.”

Employers interested in participating can contact GTNT on 08 8980 0600 or submit an expression of interest on GTNTs website - NT Future Workforce Pilot Program | GTNT

Source: Northern Territory Government Newsroom

Tamboran farmout Pilot Area and BCDA acreage for significant premium in acreage value

Tue, 31 Mar 2026 01:55:37 GMT

Tamboran Resources Corporation and Formentera Partners (Formentera), the owner of Daly Waters Energy, LP (DWE), have executed a Farm-in Agreement (Farm-in Agreement) to advance development of the Beetaloo Basin in Australia’s Northern Territory.

Under the Farm-in Agreement, Tamboran will farm down approximately 10,000 acres of its working interest across the Shenandoah North Pilot Area and the Shenandoah South Pilot Area (collectively the Pilot Area) and the Beetaloo Central Development Area (BCDA) to DWE.

The Farm-in Agreement provides for a staged earn-in, up to ~US$28.5 million, subject to structured off-ramp provisions.

The agreement follows DWE announcing a strategic joint venture with INPEX Corporation (JPX: 1605, market capitalization of US$35 billion) (INPEX), Japan’s largest E&P and operator of the 8.9 MTPA (~1.2 Bcf/d) Ichthys LNG project in Darwin.

The transaction recognizes the value premium that can be realised on Beetaloo acreage as it is defined and matured, like the Pilot Area, as well as the value that can be realised for adjacent appraisal areas, like the BCDA. It is an important step towards commercialization.

Completion of the transaction is subject to certain conditions precedent in the farm-in between DWE and INPEX along with closure of Tamboran’s Falcon acquisition.

#TBN Chief Executive Officer, Todd Abbott, said:

“This transaction represents a significant validation of the underlying value of our Beetaloo acreage with an implied valuation well above our recent traded metrics. Importantly, it allows us to accelerate activity while preserving balance sheet strength and maintaining operatorship of our core assets.

“The INPEX investment in the Beetaloo Basin via its farm-in to the DWE interest in the North and South Pilot Area and BCDA position is a strong sign of confidence and has the potential to provide Tamboran with an additional pathway to gas commercialization.

“Our Phase 2 Development Area farm-out process is continuing, and we look forward to providing additional updates in due course. Our process will benefit from this and the other recent positive developments in the Basin.

“The additional investment supports local jobs, infrastructure development and long‑term energy security for the Northern Territory, while keeping us firmly on track for first gas in the third quarter of 2026. We are pleased to be progressing the project alongside DWE and remain excited about the scale of the opportunity ahead.”

Read the announcement: https://loom.ly/8749rgg

#TamboranResources #ASX #BeetalooBasin

INPEX farms in to prospective acreage in Beetaloo Sub-basin

Wed, 25 Mar 2026 23:48:39 GMT

TOKYO, JAPAN - INPEX CORPORATION (INPEX) announced today that through its Australian subsidiary it has entered into a farm-in agreement with Daly Waters Energy LP (DWE), a wholly owned subsidiary of Formentera Partners, to acquire an 11.25 percent participating interest in the First Strategic Development Area (FSDA) North and FSDA South, and a 20 percent participating interest in the Beetaloo Central Development (BCD) acreage in the onshore Beetaloo Sub-basin, located in the Northern Territory of Australia.

Location of FSDA (North and South) and BCD acreage in the Beetaloo Sub-basin

Together, this represents the acquisition of approximately 68,000 net acres across some of the most prospective acreage in the Beetaloo Sub-basin. The farm-in agreement also includes an option for INPEX to increase its interest in the BCD to 43.75 percent, representing an additional approximately 75,000 net acres.

Completion of this farm-in agreement is conditional on a number of matters including regulatory approvals.

Further to emergency gas supplied to the Northern Territory from INPEX-operated Ichthys LNG, INPEX’s investment as a non-operator in the FSDA acreage will immediately support the delivery of domestic natural gas to the Northern Territory through its participation in the Shenandoah South Pilot Project. The Pilot Project is currently on track to commence first domestic natural gas sales to the Northern Territory Government, under a binding 40-terajoule per-day Gas Sales Agreement, in Q3 2026.

INPEX also expects to supply natural gas for processing at Ichthys LNG in Darwin providing future backfill of the onshore natural gas liquefaction plant and potential expansion to a third liquefied natural gas (LNG) processing train.

INPEX has been a proud participant in the Australian business community since 1986. The company’s Australian energy portfolio includes Ichthys LNG as operator, and participating interests in Prelude FLNG, Darwin LNG, Van Gogh and Ravensworth.

Statement from the Northern Territory Government, to be attributed to the Chief Minister, the Hon Lia Finocchiaro MLA

“The Finocchiaro CLP Government welcomes today’s announcement, which supports continued economic growth in the Territory’s energy sector. The Northern Territory is uniquely positioned to power the nation’s future. Unlocking and delivering Beetaloo gas to domestic and international markets is not just an opportunity, it is a national imperative. In our year of growth, certainty and security, we will continue to back reliable, affordable energy for Territorians, and strengthen energy security for the nation, allies and region.”

Statement from the Northern Territory Government, to be attributed to Deputy Chief Minister and Minister for Mining and Energy the Hon Gerard Maley MLA

“This announcement is a major show of confidence by a Tier one operator that the Beetaloo will be a valuable supplier of critical quantities of gas. It also shows confidence in the Northern Territory as a reliable investment destination and underpins the Beetaloo as a supplier of reliable gas that underwrites energy security for the Territory, Australia, and our strategic partners.”

Source: INPEX News

2026 Global Worker Attraction Program Kicks Off

Wed, 25 Feb 2026 21:40:30 GMT

2026 Global Worker Attraction Program to attract more skilled workers to the NT supporting Business and Industry, launched.
The Program will target the UK, Ireland, South Africa, New Zealand and Victoria.
Territory businesses encouraged to list their vacancies on WorkerConnect to reach skilled workers attending these international and domestic information sessions

As part of our year of Growth, Action and Certainty, the Finocchiaro CLP Government is stepping up efforts to grow the Territory’s skilled workforce with the launch of the 2026 Global Worker Attraction Program.

Minister for Workforce Development Robyn Cahill said, “to grow the Territory’s economy, access to a skilled, adaptable and diverse workforce for business and industry is critical.”

“The 2026 Global Worker Attraction Program will connect skilled workers with prospective employers and demonstrate that a decision to relocate to the Territory will not only provide fantastic employment opportunities but also the opportunity to put down roots and enjoy everything the unique Territory lifestyle has to offer.”

The international and domestic program includes in‑person worker attraction events in the UK, Ireland, South Africa, New Zealand, and Victoria, supported by targeted marketing across radio, print and digital channels and the WorkerConnect jobs board.

Industry representatives say the Territory’s presence in key labour markets is already making an impact. Damien Charles from the ICT Industry Association of the NT said “having participated in previous international worker attraction events, I’ve seen first‑hand how important it is for the Northern Territory to promote itself in our key labour source markets. Often, it’s not about convincing people to move to Australia; it’s about ensuring they understand the fantastic opportunities we have here.”

“As a starting point, I encourage all Territory businesses to sign up to the free of charge WorkerConnect platform, upload their vacancies and connect with jobseekers attending the upcoming sessions” Ms Cahill said

For more information or to post a job for free, visit WorkerConnect.

Source: Northern Territory Government Newsroom

Gold standard line-up confirmed for AGES 2026

Tue, 24 Feb 2026 02:39:54 GMT

The provisional program for the 2026 Annual Geoscience Exploration Seminar (AGES) held in Alice Springs, has been released, showcasing leading industry expertise.
AGES brings together high-quality geoscience data, research and technical insights to unlock the Northern territory's resource potential.
Gold production in the Territory reached a record $1.7B in gold production value.

In our year of growth, certainty and security, the Finocchiaro CLP Government is backing industries that power jobs, investment and long-term economic strength — with the release of the provisional program for the 2026 Annual Geoscience Exploration Seminar (AGES) to be held in Alice Springs from 14 - 15 April.

Each year, experts convene at AGES to share high-quality advice and mineral and energy geoscience data — the wheelhouse to mineral and energy discovery and investment that fuels the Territory’s economy.

Minister for Mining and Energy Gerard Maley said AGES plays a critical role in supporting ongoing exploration and delivering real economic benefits for Territorians.

“Exploration remains fundamental to sustaining a strong pipeline of future mining projects — and if you want a strong economy, you need a strong pipeline,” Mr Maley said.

“AGES is worth its weight in gold because it brings together the data, the science and the industry expertise that unlocks the Territory’s prospectivity and resource potential.

“We are rebuilding the Territory’s economy by backing our strengths. That means creating the right conditions for investment, driving jobs in the bush and in our towns, and giving industry the certainty it needs to get on with the job.”

The 2026 AGES provisional program features confirmed industry speakers from Deep Yellow, Emmerson Resources, Encounter Resources, Geognostics, KGL Resources, Patronus Resources, Prodigy Gold, PC Gold, and Tennant Mines, with more still to come.

AGES delegates will be among the first to access insights from the Northern Territory Geological Survey, Geoscience Australia, industry proponents and academics. Highlights include:

rapid copper and gold resource growth and new mining developments around Tennant Creek;
insights on the resource potential of the greater McArthur Basin;
geological updates on the Beetaloo Sub-basin as it moves into pilot production;
a focus on Pine Creek and its gold, copper endowment, as well as the latest gold news from the Tanami.

The Northern Territory remains one of Australia’s most prospective, but underdeveloped, regions for gold. Gold production in the Territory reached a record $1.7 billion in gold production value in 2024–25.

Copper remains central to global decarbonisation and electrification, with demand rapidly expected to outgrow supply. Alongside established commodities such as bauxite, manganese, zinc, uranium and iron ore, the Territory is building a broad and diverse minerals sector to underpin long-term economic growth.

“Territorians know that mining and resources are not abstract concepts — they are local jobs, stronger regional communities and opportunities for the next generation,” Mr Maley said.

“By investing in exploration and backing events like AGES, we are securing the pipeline that keeps our economy moving and our communities strong.”

AGES is held at the Alice Springs Convention Centre on 14 and 15 April.

View the 2026 AGES Program: AGES2026 conference program

For more event details and to register, go to AGES 2026.

Source: Northern Territory Government Newsroom

Global spotlight on Beetaloo with new acreage release

Tue, 17 Feb 2026 23:25:55 GMT

The Finocchiaro CLP Government is driving investment in the Territory with a new onshore petroleum acreage release in the Beetaloo Sub-basin five times the size of Singapore.
The release is being promoted this week at the North American Prospect Expo (NAPE) in Houston, one of the world’s largest upstream energy investment events.
Applications are now open across 50 full and part blocks, supporting domestic energy security, regional economic development and Territory jobs.

The Finocchiaro CLP Government is further boosting economic growth in the Territory through a new acreage release for onshore petroleum exploration.

The acreage is approximately 4,000 sqkm, more than five times the size of Singapore, and is strategically located near the Amadeus Gas Pipeline and the Stuart Highway within the highly prospective Beetaloo Sub-basin, one of Australia’s most significant onshore shale gas plays.

The announcement is being made this week to industry representatives at the North American Prospect Expo (NAPE) in Houston, Texas, held on 18–20 February 2026.

NAPE is the premier marketplace for the upstream energy sector, where companies buy, sell and trade tenure and producing assets.

The event attracts more than 8,000 senior decision-makers, investors, service providers and technology leaders from across the international energy industry.

Minister for Mining and Energy Gerard Maley said a high-level delegation from the Department of Mining and Energy would attend NAPE to promote the Beetaloo Sub-basin and the new acreage release, and engage directly with major oil and gas companies identified as potential future investors and operators.

“The Beetaloo has been recognised as the next big global shale play, and it is critical the Territory is seen and heard in an increasingly competitive international investment environment,” Mr Maley said.

“Texas is the leader of global shale gas development and home to the world’s most mature shale gas operations, advanced expertise and investor networks, so it is critical we are there promoting the release of this new acreage.”

The new acreage, EPNT26-1, will allow for a competitive bidding process under the Petroleum Act 1984.

The release area is surrounded by high quality shale gas acreage held by Tamboran Resources, Daly Waters Energy, Beetaloo Energy Australia and Santos, with the adjacent acreage EP98 expected to produce the first Beetaloo Gas for NT use from mid 2026.

“This release will unlock a strategically important gas resource, supporting domestic energy security, creating local jobs, and driving economic growth across the Barkly region,” Mr Maley said.

“This is about backing investment, backing industry and backing Territory jobs as part of our year of growth, certainty and security.”

Applications and submissions are now invited over the 50 full and part blocks, with the application period closing at 4pm ACST on Friday, 31 July 2026.

More information, including the full geoscience data package, application form and guideline, is available on the Department of Mining and Energy’s website.

Source: Northern Territory Government Newsroom

Second quarter activities report for period ended December 31, 2025

Sun, 15 Feb 2026 23:44:08 GMT

Highlights:

In January 2026, Mr. Todd Abbott was appointed Chief Executive Officer (CEO) of Tamboran Resources Corporation. Mr. Abbott brings over two decades of upstream experience with a strong record of operational leadership, capital discipline, safety and stewardship.
In October 2025, Tamboran, on behalf of the Beetaloo Joint Venture (BJV), successfully completed the first batch drilling program in the Beetaloo Basin with the Shenandoah South 4H (SS-4H), -5H and -6H wells all successfully drilled and cemented with 10,000-foot horizontal sections in the Mid Velkerri B shale.
In December 2025, stimulation activities on the SS-6H well comprising 58 stages across a 10,009-foot (~3,050-metre) length was completed.
Strong progress was made on the construction of the Sturt Plateau Compression Facility (SPCF). The project was 78% completed at the end of January 2026. The SPCF construction remains on budget and on track to commence commissioning in 3Q 2026, subject to weather conditions.
The construction of the APA Group (ASX: APA) owned Sturt Plateau Pipeline (SPP) was completed during the quarter. The pipeline successfully passed pressure and hydro testing in January 2026 and is expected to be tied into the Amadeus Gas Pipeline imminently.
During the quarter, Tamboran raised US$67.4 million via a US$56.1 million public offer (before fees) at US$21.00 per share of Common Stock and an US$11.3 million Share Purchase Plan (SPP). The Public Offer was supported by leading energy technology company and new strategic partner, Baker Hughes.
In January 2026, Tamboran shareholders voted to approve a US$32.0 million Private Investment in Public Equity (PIPE) transaction. The PIPE transaction was completed in January 2026 and was supported by Mr. Bryan Sheffield, Tamboran’s Board and management, and existing shareholders.
As of December 31, 2025, the Company had a cash balance of US$90.9 million (including TBN’s 50% share of US$15 million in restricted cash) and drawn debt of US$16.3 million associated with the construction of the SPCF. Total undrawn debt of US$42 million for the completion of the SPCF (net Tamboran).
Tamboran received US$32 million following completion of the PIPE in January 2026 and expects to receive US$15 million relating to the acreage sale to DWE during 2026.

Tamboran Resources Corporation Chief Executive Officer, Todd Abbott, said: “I am extremely excited for the opportunity to lead Tamboran into what I believe is going to be a period of significant growth for the Company. The year is shaping up to be Tamboran’s most active year in the Beetaloo Basin, with the Company participating in more than five well stimulations and the drilling of more than four wells across both the Beetaloo East and West depocenters.

Importantly, we are tracking towards first gas sales from the Beetaloo Basin during 3Q 2026 with the team actively progressing construction activities on the SPCF and SPP, both of which remain on schedule and budget. This will be a significant milestone for the Northern Territory, given it will provide initial royalties for Native Title Holders and the NT Government and energy security to Territorians.

We thank our shareholders for their support in the recent capital raise, which leaves Tamboran well-funded to deliver first gas from the SS Pilot Project in 3Q 2026.”

Source: Tamboran Resources Corporation ASX Announcment

CLP’s payroll tax reform moving the NT economy forward

Thu, 12 Feb 2026 00:53:43 GMT

Payroll tax reform introduced last year is bolstering the Territory economy
Small and medium businesses are taking on more staff and government payroll tax revenue has increased
Reforms are part of the CLP’s vision to make the Territory the most competitive place to live, work, visit and invest

One year on from the passage of the Finocchiaro CLP Government’s nation-leading payroll tax reforms, the Territory’s economy continues to strengthen, with small and medium businesses benefiting from the conditions needed to grow, invest and create local jobs.

As part of the Payroll Tax Amendment Act, from 1 January 2025, the CLP Government waived payroll tax for Northern Territory employers with taxable wages of up to $2.5 million in 2024-25 – delivering Territorian businesses the highest payroll tax-free threshold in Australia.

Payroll tax exemptions were also provided for wages paid to 3,700 trainees and apprentices, encouraging more local employers to invest in the future of the Northern Territory workforce.

Treasurer Bill Yan said that in the government’s year of growth, certainty and security, rebuilding the economy and supporting small and medium businesses through payroll tax exemptions remains a central pillar of the CLP’s Rebuilding the Economy Strategy.

“We listened to businesses and they told us loud and clear the Territory payroll tax system was holding them back, so we reformed it,” he said.

He said the payroll tax exemption were seeing real results on the ground.

“Since we increased the tax-free threshold from $1.5 million to $2.5 million from 1 July 2025, we’ve seen more than 200 businesses see their bottom line improve by an average of $22,000 per business which are huge savings,” he said.

He said the reforms gave businesses more incentives to take on the next generation of Territory workers.

“There’s nearly 100 businesses who are now saving nearly $10,000 each in payroll tax employing apprentices and trainees,” he said.

“That’s a million dollars extra supporting Territorians taking their first steps in the workplace.”

Treasurer Yan said the despite the exemptions, the NT Government saw an increase in payroll tax revenue due to economic growth and businesses taking on staff.

In December 2025, payroll tax collections for 2025-26 totalled $170 million, exceeding the year-to-date forecast by 14% led by the mining, real estate, transport and health care sectors.

“These numbers show beyond all doubt the CLP Government is putting the Territory on the right path of economic growth by helping small and medium businesses by cutting red tape and reducing their tax burden,” he said.

“And this gives them additional capital they can use to invest and grow their business,”

Anthony Reiter, General Manager of DeltaNAE, said the payroll tax waiver was key to helping him attract staff from interstate and consider more apprentices.

“We’ve been able to increase the rates of pay and encourage a highly skilled workforce to improve the capacity of our business in the Territory,” he said.

“It’s made a great difference to us and taking apprentices out of the payroll tax equation frees us up with more dollars to seek highly experienced people to bring back into Darwin,”

“This gives us the confidence to get out there and find the people we need to get the work done.”

Treasurer Bill Yan said the reforms are part of the CLP’s vision to make the Territory the most competitive place to live, work, visit and invest.

“2025 was our year of action and laying down the foundations to support Territorians. 2026 is about growing the Territory and continuing the momentum forward," he said.

“The beating heart of NT economy are small and medium businesses and we continue to work hard supporting them to grow a bigger and better workforce,”

Source: Northern Territory Government Newsroom

Electrical reform made permanent to support Territory tradies and business

Thu, 05 Feb 2026 22:57:51 GMT

Finocchiaro CLP Government removed red-tape for electricians and laws introduced this week will make the change permanent.
Tradies and business owners will spend less time on paperwork and more time growing their businesses and employing Territorians.
Nominations now open for the Electrical Safety Board.

Territory tradies can expect less paperwork, more time on the job, and greater certainty for their businesses as the Finocchiaro CLP Government introduces laws to permanently remove unnecessary paperwork for low-risk electrical work.

The reform amends the Electrical Safety Act to exempt certain low-risk, like-for-like electrical work from requiring a Certificate of Compliance. Routine tasks such as replacing light fittings or appliances where there is no change to wiring, load or circuit protection will no longer require additional paperwork.

This change ensures safety requirements remain strong, while allowing NT WorkSafe to focus on compliance and enforcement in higher-risk electrical work - where it matters most.

Attorney-General, Marie-Clare Boothby said the legislation delivers a sensible balance between safety and practicality.

“We want small and family businesses to be able to spend more time working on growing their business and employing Territorians and less time navigating red tape,” she said. “We’re removing red tape that did nothing to improve safety, never made sense for the Territory, and which only increased costs, delays, and frustration for electricians, businesses and Territory households.”

“After eight years under Labor, the Territory economy was going backwards, and businesses now have certainty to boost productivity with the CLP government backing Territory tradies.”

“In our year of growth, certainty, and security we are committed to making the Territory the best place to do business, and that includes for skilled trades and construction.”

Owner of AJF Electrical in Palmerston, Mr Allen Fanning, welcomed the reforms.

“It might sound like a basic change, but this saves us from wasting time on paperwork which does not make routine work like changing appliances, fans or power points any safer if safety switches are already installed,” he said.

“It means we can spend more time on the job and building our business, saving customers money too.”

The reform was identified through the Approvals Fast-Track Taskforce’s Saying Yes to Business report, which recommended reducing compliance requirements for low-risk, routine electrical work. An interim exemption commenced on 1 January 2026. This legislation makes that change permanent.

The Approvals Fast-Track Taskforce was established by the Finocchiaro CLP Government, to cut approval timeframes by 50% and remove unnecessary regulatory barriers which slowed down business and investment. These changes are part of a broader suite of improvements being delivered through NT WorkSafe in 2026, the government’s Year of Growth, Certainty and Security, focused on rebuild the Territory economy and on making the NT the best place to do business.

The Attorney-General also advised that nominations are now open for the NT Electrical Safety Board, which plays a key role in advising on electrical safety policy, regulation and disciplinary matters.

“If you have experience in the electrical industry, we want you involved in helping strengthen safety, productivity and opportunity for Territory tradies,” she said.

Nominations close on 1 March 2026. More information is available at www.worksafe.nt.gov.au/esb.

Source: Northern Territory Government Newsroom

CLP Cuts Red Tape for Territory Business and Community

Wed, 04 Feb 2026 22:58:54 GMT

CLP cuts red tape to boost Territory business.
Flexible multi‑year registrations better costs for agents.
Higher association tiers ease compliance for community groups.

The Finocchiaro CLP Government’s Year of Growth, Certainty and Security continues, with Minister for Trade, Business and Asian Relations Robyn Cahill driving reforms that make it easier for businesses and incorporated associations to thrive in the Northern Territory.

Minister Cahill said the omnibus legislation passed by Parliament today delivers sensible, risk‑based regulatory reform that reduces unnecessary burdens while maintaining accountability.

“It is important that we have the right regulatory environment for associations and businesses to thrive.”

“We are applying a risk‑based approach to regulation, focusing on high‑risk activities and reducing requirements for low‑risk ones.”

“This necessary and sensible regulatory reform is cutting red tape and helping our licensees and incorporated associations get on with the job.”

“Over regulation is one of the greatest barriers to growth. By removing unnecessary administrative burdens, we are delivering on our vision of making the Territory the best place to do business.”

The reforms will benefit real estate agent representatives, incorporated associations, and a range of occupational licensees, modernising outdated requirements and streamlining processes.

These reforms represent one of the most significant overhauls of occupational licensing and association regulation in the Territory. Real estate agents’ representatives will save time and money with flexible 1, 3 and 5‑year registrations, including discounts of up to 10 percent, while maintaining continuity of service during renewals.

Incorporated associations — many of them small, volunteer‑run community groups — will see tier thresholds lifted six‑fold, reducing the need for costly professional audits and allowing more flexibility in financial reporting.

Modernised terminology and electronic communication provisions will streamline compliance across industries from real estate and plumbing to pawn broking, security, and tobacco retail, ensuring the Territory’s regulatory framework is fit for the future.

The Department of Trade, Business and Asian Relations will notify associations and licensees once the amendments come into effect.

For more information pertaining to the legislative changes please use the following links: Incorporated Associations and Real Estate Agent Businesses.

Source: Northern Territory Government Newsroom

Northern Marine Complex up for development in a Territory first

Mon, 02 Feb 2026 05:12:32 GMT

The Finocchiaro CLP Government has declared the Northern Marine Complex a Territory Development Area, activating statutory powers for the first time to drive coordinated delivery of an economically significant precinct.
The declaration positions Darwin’s Ship Lift and Marine Industry Park as a strategic maritime gateway supporting defence, international trade, energy and critical minerals supply chains.
The TDA framework strengthens governance, coordination and cost control, ensuring taxpayer value, attracting private investment, and delivering skilled local jobs after years of Labor mismanagement.

In a Territory first, the Finocchiaro CLP Government has declared the Northern Marine Complex a Territory Development Area (TDA), activating the Territory Coordinator’s powers to drive the coordinated delivery of a major economic precinct.

The declaration marks a turning point for the area, shifting it from fragmented delivery to a clear, whole-of-government approach focused on unlocking long-term economic growth for the Northern Territory.

Located at East Arm, just minutes from Darwin’s CBD, the Northern Marine Complex spans 246 hectares, including both land and water. It brings together the Darwin Ship Lift and the Marine Industry Park into a single, integrated maritime precinct.

At its core is a 5,500-tonne capacity ship lift, supported by infrastructure that allows multiple vessels to be dry-docked at the same time. This capability enables Darwin to service defence, commercial and international vessels operating across northern Australia and the Indo-Pacific.

Surrounding the ship lift is a purpose-built industrial subdivision, with large-scale workshop and fabrication areas located just 600 metres from the lift, specifically designed to support marine maintenance, repair and fabrication activities.

The complex also includes a 10.3-hectare common-use hardstand, providing a secure and expansive area for fabrication, storage and maintenance operations, as well as a multi-user barge ramp offering all-tide access to ensure seamless vessel movement and logistics.

The Marine Industry Park anchors a northern marine industry ecosystem by concentrating marine trades, engineering, logistics and specialist services in one location. This co-location builds industrial scale, strengthens local capability, and ensures the activity generated by the ship lift is captured and grown in Darwin.

Together, these assets position Darwin as a competitive, full-service maritime hub capable of supporting defence, trade and industrial activity across the north and into the Indo-Pacific.

As Australia’s most northern deep-water harbour, the Northern Marine Complex is strategically located close to major international shipping routes and emerging opportunities linked to defence posture changes, gas development, critical minerals supply chains and increasing commercial vessel movements across the region.

Chief Minister and Minister for the Territory Coordinator, Lia Finocchiaro, said the declaration ensures a major public investment delivers real economic returns for Territorians.

“The Ship Lift is a major public investment, and Territorians rightly expect it to deliver. Developing an economically significant precinct will maximum the benefit of the Ship Lift to the entire maritime industry.” Mrs Finocchiaro said.

“Growth in the marine sector means more skilled local jobs, more Territory businesses in the supply chain, and even more reasons for defence to anchor itself in the Territory.

“That’s why, in our year of growth, certainty and security, we are taking strong action to rebuild our economy.”

In October 2025, the Public Accounts Committee delivered its findings into the Darwin Ship Lift Facility, identifying systemic coordination and accountability failures under Labor’s delivery of the project.

“During Labor’s eight-year tenure, taxpayers were left exposed to blowout after blowout as costs escalated through poor oversight,” Mrs Finocchiaro said.

Territory Coordinator Stuart Knowles said designation as a TDA provides the statutory framework to assess, facilitate and coordinate the delivery of developments of economic significance and to attract investment.

“This declaration is a practical enabler,” Mr Knowles said.

“It supports a whole-of-government approach, stronger governance, cost discipline and coordination, ensuring taxpayer value is protected and delivery progresses.”

The designation of a TDA triggers the development of a TDA Plan, with full community consultation and input into the plan to occur, led by the Territory Coordinator.

The proposed Northern Marine Complex, at East Arm encompasses the Darwin Ship Lift and the Marine Industry Park and is critical to the Territory’s marine sector as a strategic growth engine, underpinned by Darwin’s geographic position in the Indo-Pacific as Australia’s northern maritime gateway.

For more information on the Territory Development Area, visit the website.

Source: Northern Territory Government Newsroom

BTL: Q4 2025 QUARTERLY REPORT

Sat, 31 Jan 2026 23:20:49 GMT

NT Government approved Beetaloo Energy’s Beneficial Use of Gas application for the sale of appraisal gas from EP187
Beetaloo Energy achieved a Final Investment Decision (FID) on the Carpentaria Pilot Project, with first gas sales from EP187 expected in late 2026
Civil works for the Carpentaria Gas Plant commenced in October 2025 and were completed in January 2026. Piling installation will commence in February followed by gas compressor transport to site in April
Carpentaria-5H (“C-5H”) achieved strong flow rates with enhanced permeability, underpinning long-term performance
Total liquidity at end of the Quarter was $24.8 million comprising $18.0 million in cash and $6.8 million of undrawn funding available under the Macquarie facilities. An additional $30 million under the Macquarie Midstream Infrastructure Facility is expected to become available now that FID has been reached
Beetaloo Energy intends to recommence the C-5H flow in late Q1/early Q2

“The December Quarter marked a significant step forward for Beetaloo Energy as the Company progressed toward pilot development and commercialisation. During the quarter, Federal Ministerial approval recognising Traditional Owner consent for the sale of appraisal gas was secured, followed immediately by NT Government approval of the Beneficial Use of Gas application, establishing a clear regulatory pathway to gas sales from EP187.

The Board approved the Final Investment Decision (FID) for the Carpentaria Pilot Project, with first gas sales from EP187 expected in 2026. This decision was supported by the strong performance of the Carpentaria5H well, which achieved one of the highest flow rates recorded in the Beetaloo Basin during flowback1 . Permeability observed across the Carpentaria region indicates higher permeability than previously assumed.

Beetaloo Energy enters the next quarter with key approvals in place, FID achieved, and a clear pathway toward pilot production.

I would like to thank the Beetaloo Energy team along with our partners for their outstanding efforts throughout the year, and our shareholders for their continued support and confidence in Beetaloo Energy. Your commitment and trust have been instrumental as we advance our projects, and I look forward to another year of progress and shared success” ⎯ Alex Underwood, Managing Director

Source: Beetaloo Energy Australia ASX Announcement

CLP Advances Territory’s Economic Future

(Past member) — Mon, 26 Jan 2026 23:17:09 GMT

As the Finocchiaro CLP Government continues to deliver on its commitment to rebuild the Territory’s economy, Minister for Trade, Business and Asian Relations, Robyn Cahill, departed today to attend the invite‑only Baker Hughes Annual Meeting.

A major global energy technology company operating in over 120 countries and with some 57,000 employees, Baker Hughes’ annual meeting will run from 28 to 30 January 2026.

Already a key partner in Territory projects, in October 2025 Baker Hughes invested US$10 million in Tamboran Resources to support Beetaloo development and is advancing energy initiatives including SunCable. It has also identified the Barkly as a prime location for large‑scale data centres, positioning the Territory as a credible partner for resilient, low‑carbon digital infrastructure in Australia and the Asia‑Pacific.

Held in Italy, the Baker Hughes meeting brings together more than 2,000 global industry leaders and policymakers to discuss the future of energy and industry. As the only Australian jurisdiction invited to attend, participation in the event presents the Territory with an unprecedented opportunity to be showcased as a leading hub for energy and resources.

Minister Cahill said the Territory’s growing reputation as a competitive place to live, work, visit and invest, will be front and centre of all discussions.

“It is critical the magnitude of the transformational economic opportunity that is the Beetaloo Basin, is understood across the globe and this meeting will provide direct access to global investors and technology providers to promote global recognition of the Territory’s competitive resources and energy opportunities.”

“We have a strong track record in energy and resources, and this global platform allows us to demonstrate our capability, experience and long‑term potential,” Minister Cahill said.

“My message to attendees will be very clear. The Territory is the best place to do business. We are open to investment and industry development and the opportunities investment in the Beetaloo and projects like SunCable are significant.”

“The benefits of these projects will flow through to all Territorians through economic diversification, workforce opportunities, strengthening of local supply chains and building the infrastructure that will underpin our economic future.”

The estimated costs for the Minister are approximately $8,000, with final costs to be reported after the trip in line with standard reporting processes.

Source: Northern Territory Government Newsroom

Santos - Fourth Quarter Report for period ending 31 December 2025

(Past member) — Thu, 22 Jan 2026 03:24:26 GMT

Outstanding base business performance

Free cash flow from operations of ~$380 million for the fourth quarter, up 30 per cent on the prior quarter, ~$1.8 billion for the full year.
Free cash flow from operations breakeven price of less than $30/bbl for the full year.
Production of 22.3 mmboe for the fourth quarter, up five per cent on the prior quarter, full year production 87.7 mmboe.
Sales volumes of 24.8 mmboe for the fourth quarter, up 15 per cent on the prior quarter, full year sales volumes 93.5 mmboe.
Sales revenue of more than $1.2 billion in the fourth quarter, up nine per cent on the prior quarter, full year sales revenue more than $4.9 billion.
Full year unit production cost below $7/boe (excluding Bayu Undan) and within guidance.
Gearing 26.8 per cent (21.5 per cent excluding operating leases), down 1.4 per cent from end of the prior quarter.

Barossa LNG – first LNG cargo loading underway

The BW Opal FPSO continued start up and commissioning activities while ramping up gas export volumes, now at ~450 mmscf per day which is around 75 per cent of plant capacity. The six-well drilling program in the Barossa gas field was successfully completed and all six wells have been tested. All wells have intersected excellent reservoir quality with average individual well potential deliverability of ~300 mmscf per day.
LNG production commenced following completion of the Darwin LNG life extension project and cool down of the LNG train and storage tank.
Following the end of the quarter, the first LNG cargo has been sold on a delivered ex-ship (DES) basis. The cargo is currently being loaded at Darwin LNG and will be delivered to the Sakai terminal in Japan.

Pikka phase 1 – nearing mechanical completion

Pikka phase 1 is 98 per cent complete and nearing mechanical completion, with commissioning progressing. Twenty-four wells were drilled and completed at the end of the fourth quarter. The 23rd well achieved the highest productivity to date, producing at an initial rate of approximately 8,000 bbl per day. The 24th well was the second combination well, developing two reservoir sections from the one well.
As Pikka phase 1 nears first production, following the final cost and schedule review, capital expenditure for phase 1 has increased by approximately $200 million Santos share (less than 10 per cent of the total Pikka phase 1 project costs). The majority of this expenditure relates to facilities and has been incurred in 2025. Santos’ total 2025 capital expenditure remains at the lower end of original guidance, with the Pikka phase 1 cost increase offset by lower-than-planned capital expenditure elsewhere in the portfolio.
The Pikka phase 1 increase reflects inflationary pressure on labour and materials across the North Slope, tariffs on production modules for the sea water treatment plant and logistics costs relating to the MacKenzie River transit.
The project remains on track for first oil late in the first quarter of 2026, with ramp up to plateau expected around the middle of the year.

Operational excellence

The PNG Hides F2 well was completed and a safe, accelerated start up commenced in the fourth quarter, with initial production rates averaging 60 mmscf per day.
Western Australia domestic gas production increased by approximately 19 per cent compared to the prior quarter, following successful shutdowns in the third quarter at the Varanus Island and Macedon facilities, and implementation of the Varanus Island compression project phase 2, which developed around 24 mmboe of 2P reserves.
Cooper Basin output recovered to pre-flood levels with 91 wells successfully returned to production in the fourth quarter. Drilling activity continued uninterrupted in 2025, with 104 wells drilled for the full year despite flood-related disruptions, supporting a near-term increase in production compared to the previous quarters.
GLNG delivered full year LNG production of 6 Mt. The Roma field achieved record daily production of 223 TJ per day. Scotia delivered record average daily production of 105 TJ per day over the fourth quarter. Arcadia achieved facility reliability above 98 per cent. Development activities at Fairview continued to progress during the quarter, with 21 wells drilled as part of the ongoing Fairview SD25 and EE Phase 1 programs (116 wells total).
Signed a well-priced mid-term LNG portfolio supply contract to supply approximately 0.6 Mtpa over a period of up to five years from 2026.
A drilling rig was secured for the Beetaloo Basin program consisting of a 2-3 well campaign planned for the third quarter of 2026. All regulatory approval applications required for the appraisal program were submitted and consultation with Traditional Owners was undertaken.
Moomba Carbon Capture and Storage phase 1 (Moomba CCS) continues to perform to plan, safely and permanently storing more than 1.5 Mt of CO2e since start-up. Moomba CCS met the high compliance standards of the Clean Energy Regulator and received 907,872 Australian Carbon Credit Units in the fourth quarter, covering the period from project commencement in September 2024 to June 2025.

Disciplined capital management

Raised $1 billion senior unsecured fixed-rate bond at 5.75 per cent maturing November 2035.
Accelerated the final repayment to close the PNG LNG project finance facility.
Executed a conditional sale and purchase agreement to divest non-core 42.86 per cent interest in the Mahalo Gas Project (Bowen Basin, Queensland) to Comet Ridge Mahalo Limited for A$40 million upfront consideration and up to A$20 million in contingent payments linked to production milestones.
Completed the divestment of non-core 42.71 per cent interest in the Petrel field and 100 per cent interest in the Tern fields in the Bonaparte Basin (offshore Northern Australia), to Eni Australia.

Santos Managing Director and Chief Executive Officer Kevin Gallagher said that continued focus on operational excellence across our base business, disciplined execution of major development projects and an unwavering commitment to safety underpinned Santos’ performance throughout 2025.

“Personal and process safety, and environmental performance, was outstanding, with the company in the top quartile of global industry benchmarks for personal safety and better than global average for process safety and environment performance,” Mr Gallagher said.

“The fourth quarter lifted free cash flow for the full year to approximately $1.8 billion, a strong result in a year of relatively soft commodity prices for the industry, which demonstrates the value of our focus on margin in our marketing and trading activities.

“The performance of the base business has been a real highlight in 2025 with strong production despite the impact of the biggest floods in the Cooper Basin since the 1970s.

“Santos now has a strong platform for production growth with Barossa’s first LNG cargo currently loading at Darwin. We have taken a very considered approach to the final stages of commissioning to ensure offshore operations achieve a steady state, high level of reliability as quickly as possible once full production is achieved. Following two connection failures on the utilities and firewater mains GRE pipework systems, a campaign to strengthen all similar connections across the FPSO was undertaken which caused delays of approximately two months to our production ramp up schedule. While this was disappointing our aim is to commission the facilities and to identify and rectify any vulnerabilities to support our objective of achieving a high reliability operation for the long term. Our focus is now on safely and reliably increasing Barossa gas production to deliver long-term value for shareholders in line with our FID promise.

“We are also moving close to first production from Pikka, positioning the company to deliver sustainable returns to our shareholders and continue to reinvest in the business to grow production.

“Drilling at Pikka continues to perform strongly, with the 23rd well achieving the highest productivity so far, with an initial rate of approximately 8,000 barrels of oil per day. The 24th well was the second combination well, developing two downhole reservoir sections with one well. The drilling capability and innovation developed at Pikka will underpin our strategy for future developments.

“Once at full rates, Barossa LNG and Pikka phase 1 together are expected to lift Santos’ production by around 25 to 30 per cent by 2027 compared to 2024 levels.

“Moomba CCS continues to be a great success, performing to plan. It has met the strict performance requirements of the Clean Energy Regulator, resulting in the issuance of more than 900,000 Australian Carbon Credit Units which cover the project’s contribution to emissions reduction from start-up in September 2024 to June 2025.

“Santos’ financial performance and disciplined approach to capital management were reflected in several key activities during the period, including the issuance of a $1 billion ten-year bond to enhance financial flexibility, the early repayment of the PNG LNG project finance facility, the divestment of two non-core assets to sharpen portfolio focus and the receipt of the Fluor settlement proceeds. These measures have reinforced the strength of Santos’ balance sheet and reflect our continued focus on disciplined capital allocation and long-term shareholder value.

“Santos remains laser focused on executing our strategy in line with our disciplined, low-cost operating model and capital allocation framework. This discipline combined with an all-in free cashflow break-even target of $45 to 50 per barrel, will position Santos over the next few years to deliver sustainable results and provide strong returns for our shareholders,” said Mr Gallagher.

Source: Santos

Download the Santos-Fourth Quarter Report

Timor-Leste's new steps towards Greater Sunrise LNG project

(Past member) — Tue, 20 Jan 2026 00:27:11 GMT

The Timor-Leste government has taken a concrete step toward unlocking the long-delayed Greater Sunrise LNG project, signalling that the two-decade-old development is edging closer to physical execution after committing almost US$20m to early-stage technical work.

The spending covers two critical tenders — a US$5.6m geotechnical survey and a US$13m metocean survey — announced by the Ministry of Petroleum and Mineral Resources as groundwork for engineering design and offshore development planning.

Officials say the surveys are essential to de-risking one of the country's most strategically important projects, which has been stalled for years by commercial disputes, development concept changes and geopolitical sensitivities over gas processing options.

Speaking to ENB, a Woodside spokesperson said tenders are "part of the broader commercial and technical maturation work agreed between the Ministry of Petroleum and Mineral Resources and Woodside to advance studies on a Timor-based LNG development concept for Greater Sunrise. This is consistent with the parties' cooperation agreement."

They added that the surveys will contribute to a possible future concept selection recommendation and that as yet no concept has been selected.

The presidential view

Speaking exclusively to ENB last month, Jose Ramos Horta, the president of Timor-Leste, said he expects the partners of the Greater Sunrise joint venture - Timor GAP and Woodside - to announce in the middle of 2026 that the LNG project's processing facilities will be built in his island nation.

The opportunity

Discovered in 1974, the Greater Sunrise fields hold a total estimated contingent resource of 5.3 trillion cubic feet of natural gas and 226 million barrels of condensate, making it one of the most significant undeveloped gas resources in the region. The possibility of tapping into it as a viable project has been considered for many years, with discussion centred on the location of the processing facilities.

But with the fields halfway between Australia and Timor-Leste, the question has always been where will the Greater Sunrise joint venture - comprising TIMOR GAP (56.56%), operator Woodside (33.44%), and Osaka Gas Australia (10%) – opt to build the LNG processing plant – in Natabora or on Australian soil?

Recent momentum

In October, ENB reported that Australia and Timor-Leste had restarted formal negotiations to advance the long-delayed Greater Sunrise gas project, with officials meeting in Dili to discuss governance and legal arrangements for the shared offshore fields.

In late November, Woodside announced it had signed an agreement with the Timor-Leste government that sets a path to selecting the site for Greater Sunrise's LNG processing facilities by mid-2026, sparking a concept study to weigh Timor-Leste and Australian development options.+

This deal came as Woodside's lead on the Greater Sunrise project - Julie Fallon, Woodside's executive vice president, technical and energy development - gave an update on the scheme, saying: "The successful development of these fields offers both Australia and Timor-Leste an opportunity to generate stable and significant cash flow over a period of potentially 30 years, providing the Greater Sunrise joint venture with the potential shareholder value and growth."

The location question

Categorised as a "Least Developed Country" by the UN, President Ramos-Horta told ENB the decision to develop a processing plant in Natarbora, the greenfield region on the south of the island, would be "transformative" for his nation.

"The south coast is one of the least populated areas of the entire country – traditionally, Timorese live in the northern coast. The south coast is actually fertile… and could be a whole new economic hub for Timor-Leste, including agriculture and industries of all sorts.

"But going back to the '60s, everybody's talked about it, from the time of the Portuguese, they talk about the south coast will be the breadbasket team, but it never happened.

"Now, finally, it's going to happen, starting with the gas industry, which will generate possibilities for a fertiliser industry and fertiliser plants, which will aim for the world market, but also for our country's needs in terms of our strategic policy to make Timor-Leste self-sufficient in agriculture to double or triple our agriculture output," enthused the president.

For the president, the benefits for the JV partner in opting to build the LNG plant in Timor-Leste are something of a no-brainer.

"Even a small shopkeeper owner would look at it and see the advantage of bringing the pipeline to Timor-Leste.

"It's a bit like you're trying to compare the cost of taxes and labour between the United States and Mexico. Our labour cost is very low…we don't have any dispute or conflict with any of our neighbours, and…with the plant in Timur-Leste also, we are already several hundred kilometres closer to the gas energy market.

"And Australia, anyway, has endless opportunities all over Western Australia, northern Australia…full of resources," the president added.

"The Darwin option would give the Australian government a lot of headaches in terms of addressing Australia's commitment…to clean energy.

"In Timor-Leste, we don't have the problem. Our contribution to CO2 emission, emissions is 0.003%, so it's next to nothing.

"And because of our status as a least developed country, we have much more leeway and time frame to transition to renewables," he added.

Source: Energy News Bulletin

Northern Endeavour decommissioning contractor changes hands

(Past member) — Mon, 19 Jan 2026 02:23:54 GMT

US-based CB&I has moved to acquire Petrofac's Asset Solutions business, a deal that could see the ownership of the contractor overseeing phase one of the Northern Endeavour's decommissioning program transition into new ownership, with the Perth-based team currently delivering work on the Commonwealth-led project.

CB&I said it had entered a sale agreement to acquire Asset Solutions, describing the business as a provider of operations, maintenance and decommissioning services for onshore and offshore energy assets.

The company's president and CEO, Mark Butts, said the two groups had "similar management philosophies and industry-leading safety performance", framing the acquisition as an expansion into integrated services and a more predictable reimbursable contracting model.

"With this combination, we see strong cultural alignment, diversification benefits, and clear opportunities to enhance performance and deliver stable cash flow generation," he said.

Petrofac separately confirmed it had agreed to sell Asset Solutions to CB&I, with Petrofac group chief executive Tareq Kawash calling it "a great outcome" that would "support job security for 3,000 talented team members."

Petrofac said the sale consideration was agreed on a debt-free, cash-free basis, and administrators expected net proceeds in the range of US$45 million to US$55 million, depending on deductions confirmed closer to completion.

Completion remains subject to conditions, including approvals from certain secured and unsecured creditors, with Petrofac indicating those approvals were expected by the end of January 2026, ahead of a targeted close in Q1 2026.

Petrofac's issues

In October cash-strapped Petrofac filed for administration after a restructuring plan aimed at securing new funding and tackling debt levels collapsed.

In November, the UK-based company said it was considering mergers and acquisitions (M&A) options for its main operating divisions, and in December US-based CB&I made its announcement that it would acquire the Petrofac's Asset Solutions business.

When Petrofac entered administration a spokesperson for the government Department of Industry, Science and Resources - which is in charge of the FPSO's decommissioning program - told ENB: "The Government is aware that the Petrofac group's parent company, Petrofac Ltd, has entered administration. The vast majority of the Northern Endeavour phase 1 decommissioning works have already been completed following the disconnection and removal of the FPSO. The department will continue to work with Petrofac Facilities Management Limited to ensure that all remaining phase 1 works are completed."

Petrofac said a meeting of Petrofac Facilities Management Limited's creditors would be held on 30 January 2026 to vote on a proposed Company Voluntary Arrangement (CVA) linked to the sale. Petrofac said the CVA was intended to compromise certain creditor claims to enable completion, while "trade creditors, employees and certain other parties are not affected", and operations would continue as usual during the process.

John Pearson, CEO of Petrofac's Asset Solutions business, said the CVA was "the final step" and that the company was asking creditors to support it so the sale could be completed. Teneo's James Bennett, acting as a joint administrator of Petrofac Limited, described the transaction as "a very positive outcome" that would "secure the future" of Asset Solutions' operations and roles.

Northern Endeavour - the latest

The former FPSO is currently sitting in a shipyard in Singapore where it is being readied for its final voyage to MARS's decommissioning yard in Denmark. In the next few weeks it will be loaded on to the back of COCSO's Hua Rui Long.

Last month the the liquidators of the former owner of the Northern Endeavour were given more time to fight the government over the $1.1 billion they claim they are owned. claims is owed to him.

Liquidators for Timor Sea Oil and Gas Australia (TSOGA), a subsidiary of Northern Oil and Gas Australia – the Angus Karoll-owned operation which bought the Northern Endeavour from Woodside in 2015 - believe the federal government owes them money for agreeing to hand over 30% of NOGA's tenements to Timor-Leste and for effectively shutting down the business. This move they and Karoll believe was unfounded.

In a Sydney courtroom last month, after hearing there are "multiple funders" wiling to support the bid, Justice Stellios granted a request from the liquidators for more time to prepare their case and sort the required funding. The matter returns to court in April.

Source: Energy News Bulletin

Future is bright at Power and Water as new apprentices start

(Past member) — Mon, 19 Jan 2026 02:08:55 GMT

The Finocchiaro CLP Government has welcomed 8 new apprentices beginning their career with Power and Water.

Minister for Essential Services Steve Edgington said the new workers would be spread across the Territory.

The 5 apprentices in Darwin, 2 in Alice Springs and 1 in Tennant Creek join 35 current apprentices across 4 fields, 9 graduates, 7 business trainees, and 2 water operation trainee who are already part of the Power and Water team.

Power and Water has partnered with GTNT to host apprentices and trainees for more than 30 years, with the partnership a huge success. In 2025, there were more than 400 applications for the Power and Water roles.

“Growing our workforce is part of the CLP Government’s Rebuild the Economy Strategy and remains a key focus as we move into 2026.

"Power and Water keeps the Territory running, which is why we’re investing in the people who will carry it forward,” Mr Edgington said.

Minister for Education and Training, Jo Hersey, said: “By investing in local talent and trades, we’re creating jobs and rebuilding the Territory economy.”

“We’re reforming secondary education to create better career pathways to real jobs, by providing more school-based apprenticeships and vocational training opportunities in schools,” Mrs Hersey said.

Power and Water Early Careers Program Advisor, Peter Morrison-Evans, said it’s always exciting to welcome enthusiastic new people to the team.

‘Every new group brings fresh enthusiasm and ideas that strengthen how we operate and serve our communities,’ he said.

‘Watching their confidence and skills develop over the years is one of the best parts of this program. It’s a reminder of how much potential we have right here in the Territory.’

Power and Water launched a new recruitment process in 2024 as part of a strategic initiative to continuously build and maintain a high level of skilled, in-house expertise across the organisation.

Shortlisted apprenticeship and trainee candidates participate in an assessment centre, where they are evaluated through group activities, individual practical tasks and written exercises. This gives a holistic view of their strengths and skills.

At 45, Power and Water administration officer Helen Marsh will be the oldest apprentice, but feels her maturity, patience and hunger to learn will stand her in good stead as she swaps her office gear for high vis.

‘I’ve been in admin for about 23 years, 13 of those with Power and Water here in Tennant Creek. I felt it was time to do something completely different, and this is a great opportunity for me to do that while staying in Tennant, which I love,’ she said.

‘It will be a big learning curve and feels daunting at times, but I’m excited about learning new things and being out in the field as a line worker. People within the organisation have been so supportive and I’ve received a lot of encouragement.’

Joshua Jipp, 24, has gained an apprenticeship as an electrician. After six years working in mechanics and light vehicle technology he decided to make the change last year.

‘I originally went with mechanics because it was my hobby, but I found that I was losing my passion for working on my own cars,’ he said.

‘I’m really interested in electrics, and the problem-solving side fascinates me. It’s good when you can figure something out and then step back and look at the job you’ve done.’

The cohort of new apprentices will start their four-year nationally accredited apprenticeship program through the GTNT Group this month. They will learn specialised skills and training in electrical, mechanical and linework fields across Power and Water.

Source: Northern Territory Government Newsroom

NT EPA opens CCS consultations for INPEX

(Past member) — Mon, 12 Jan 2026 23:59:09 GMT

The Northern Territory Environment Protection Authority has opened two public consultation processes as INPEX pursues their carbon capture and storage (CCS) aspirations tied to the Ichthys LNG project.

With the firm's Ichthys CCS Project and the Bonaparte CCS Project already both being assessed at the federal level by the Department of Climate Change, Energy, the Environment and Water, the territory's environmental watchdog is now accepting public submissions until 10 February.

The Ichthys CCS project includes plans to install a CO2 export pipeline on Middle Arm connecting the existing Ichthys LNG facility to an onshore inlet station for offshore transport and long-term storage under the separate Bonaparte CCS project. The referral also includes a tie-in at the Darwin LNG boundary and an option to direct CO2 to Darwin LNG "for sequestration under the Bayu Undan CCS Project managed by Santos."

The referral sets out an indicative schedule subject to approvals includes site preparation and brownfields works from 2028, with CO2 pipeline pre-commissioning from 2030 and start-up/operation from 2030 and an operational life of about 30 years.

The separate Bonaparte CCS referral describes an offshore storage project within the G-7-AP permit area in Commonwealth waters, west of Darwin, proposing phased development with capacity "up to 8 Mtpa" initially and later increasing to "approximately 10 Mtpa", with potential total sequestration of up to 300 Mt of CO2 over a 30-year design life.

While the Commonwealth referrals cover the broader transport-and-injection concept including an offshore CO2 pipeline described as approximately 260km and up to six injection wells, the NT EPA consultation notice for Bonaparte focuses on the Territory component, including an onshore inlet station on Middle Arm and the CO2 pipeline and associated subsea services out to the boundary of NT coastal waters.

The Northern Territory Government has described Bonaparte CCS as a joint venture between INPEX, Woodside Energy and TotalEnergies, and says the Australian Government granted the project Major Project Status in July 2025.

Source: Energy News Bulletin

Monadelphous lands contract on Santos' Barossa FPSO

Thu, 08 Jan 2026 01:24:42 GMT

Perth-based Monadelphous has extended a strong run of contract wins, securing about $110 million in new work across offshore gas, decommissioning and grid-scale storage, a day after announcing major projects for BHP and Rio Tinto in the Pilbara.

The engineering contractor has been awarded a four-year maintenance services contract with BW Offshore for the BW Opal floating production, storage and offloading vessel (FPSO), located about 300km north-north-west of Darwin. Work is due to start in the first quarter of this year.

Monadelphous MD Zoran Bebic says the contractor has built a global offshore résumé, but its publicly disclosed oil and gas work remains heavily concentrated in Australian waters, spanning long-running maintenance, brownfields and decommissioning roles across the Browse, Bonaparte and Carnarvon basins and the Timor Sea.

"Over the past decade, we have continued to strengthen our reputation for the consistent and reliable delivery of offshore maintenance services to our customers, and are proud to work on some of the most significant energy facilities in the world," Bebic said, adding that the company was "pleased to be trusted by industry leaders for repeat work, and to be recognised for the depth of our expertise and capabilities across the asset life cycle."

BW Opal is the production hub for the Barossa LNG development, a joint venture led by Santos, SK E&S and JERA. The project is nearing the final stages of commissioning, with first gas targeted for the September quarter of 2025.

Barossa represents one of the largest gas investments currently underway in Australia's north, with several billion dollars already committed to offshore production, subsea infrastructure and export pipelines feeding into Darwin. Once on stream, the BW Opal facility will anchor production from the field and underpin LNG exports into Asian markets over the coming decade.

Monadelphous has also secured a contract with Santos in Papua New Guinea to demolish and dispose of the Hegigio Pipeline Bridge, a 500-metre suspended wire structure spanning the Hegigio Gorge in the Southern Highlands.

The bridge, originally built by Oil Search (now merged into Santos) to carry oil pipelines serving the South-East Mananda field, was severely damaged in the 2018 earthquake and has since been earmarked for removal as part of broader decommissioning works. Monadelphous expects demolition activities to be completed in the second half of 2026.

Rounding out the latest awards, Zenviron — Monadelphous' renewable energy joint venture — has won a contract from Flow Power to deliver the Bennetts Creek battery energy storage system in Victoria's Latrobe Valley.

The 100MW/223MWh project will include balance-of-plant design, construction, installation and commissioning, with completion slated for late 2027. The battery is intended to support grid reliability in a region undergoing rapid transition as coal-fired generation exits the system.

The latest wins reinforce Monadelphous' diversified exposure across traditional resources, offshore energy, and fast-growing renewable infrastructure, at a time when major producers and utilities continue to increase spending on maintenance, life-extension, and energy transition assets.

Source: Energy News Bulletin

Falcon Oil & Gas Australia Limited approve sale to Tamboran Resources Corporation

Mon, 05 Jan 2026 22:17:07 GMT

Highlights

Falcon Oil & Gas Australia Limited (FOGA) has secured a key approval from its shareholders for the sale by Falcon Oil & Gas Ltd. (Falcon) of Falcon’s 98.1% interest in FOGA to Tamboran Resources Corporation (Tamboran).
The acquisition of Falcon’s 98.1% interest in FOGA will provide Tamboran with the option of compulsorily acquiring the 1.9% interest in FOGA held by minority shareholders.
The acquisition forms part of a broader transaction announced on September 30, 2025, whereby Tamboran will acquire all the subsidiaries of Falcon, subject to certain shareholder and regulatory approvals.
Following closing of the broader transaction, Tamboran intends to proceed with the compulsory acquisition of the 1.9% interest in FOGA at a price per share no less than the price being paid to Falcon as part of the broader transaction.
Shareholder votes from Tamboran and Falcon to approve the broader transaction are expected to be held in February 2026. The broader transaction is expected to be complete by the end of February 2026 following Falcon obtaining a final court order in British Columbia, Canada.

Source: Tamboran Resources Corporation

Carpentaria-5H Clean-Up Flow Test Update

Mon, 22 Dec 2025 00:26:24 GMT

Carpentaria-5H has achieved a peak gas flow rate of 11.2 TJ/day, the second-highest 30-day average flow rate in the basin of 7.1 TJ/day and an exit flowrate of 6.3 TJ/day, confirming a very low rate of decline over the 30-day clean-up test.
Beetaloo Energy has implemented basin-leading flowback methodologies to preserve fracture conductivity and maximise long-term well productivity. This approach utilises a restricted choke that extends the clean-up period, which has delivered a more than five-fold increase in fracture conductivity compared with the previous Carpentaria wells.
Clean-up of the frac fluid from the fracture system is ongoing with the gas-to-water ratio continuing to improve throughout the 30-day test period with over 23 percent of the frac fluid recovered to date. Once frac fluid clean-up was achieved at the prior two Carpentaria wells, materially higher gas flowrates were observed, with Carpentaria-3H recording a 30 percent increase in gas flow rate during the post clean-up IP30 flow test.
Independent resource certifiers Netherland, Sewell & Associates have estimated 10 PJ of 2C recoverable gas resources per well location in the area surrounding Carpentaria-5H.
Based on flowback data analysis conducted by Subsurface Dynamics, a North American shale reservoir engineering specialist, Beetaloo Energy estimates that the Carpentaria-5H well has developed an effective fracture network, characterised by materially longer effective half-lengths relative to the previous two Carpentaria wells and higher apparent shale permeability in the Carpentaria region. Beetaloo Energy believes these outcomes may support improved gas recovery and overall project economics.
A further extended flow test is expected to commence in Q1 2026 to fully assess well deliverability once clean-up is complete.

“We are highly encouraged to have achieved one of the highest flow rates in the history of the Beetaloo Basin while C-5H is still cleaning-up, demonstrating that the well is likely to be a strong long-term producer. We have deployed a disciplined flow-back strategy with a consistent choke setting since the second day of the test period, to maintain fracture conductivity for long-term well performance while the well dewaters. Total gas recovery is also likely to be enhanced by the 60% increase observed in permeability across the Carpentaria region.

As has been seen with C-2H and C-3H, there is the potential for a material uplift in flow rates once the well is further cleaned-up.

Clean-up is continuing and we intend to commence a second flow test in Q1 2026.

Civil construction works at the Carpentaria Gas Plant are now well advanced, and we look forward to commencing gas plant installation in Q2 2026.

With all required approvals now in place, we look forward to commencing pilot gas sales into the local NT market in 2026.

As 2025 comes to a close, we express our gratitude to the Beetaloo Energy team, our shareholders and all stakeholders, and we look forward to a big year ahead as we bring the Beetaloo Basin into pilot gas sales next year, which will benefit all Territorians.” ⎯ Alex Underwood, Managing Director

Source: Beetaloo Energy Australia Announcement

NT Businesses Invited to Power Up at EXA 2026

Thu, 18 Dec 2025 00:42:52 GMT

As part of the Finocchiaro CLP Government’s commitment to rebuilding the economy, Minister for Trade, Business and Asian Relations Robyn Cahill today announced Expressions of Interest are open for Territory businesses to join the NT Government’s delegation to Energy Exchange Australia (EXA) in Perth, 10 – 12 March 2026.

EXA is Australia’s premier oil, gas and energy service event, showcasing opportunities in decarbonisation, wind, carbon capture, technology and innovation. The event connects industry leaders to strengthen supply chains and drive investment.

“We are positioning the Territory as a leading hub for energy and resources by fostering a competitive and confident business environment. The Northern Territory has a dynamic service and supply sector and a proven reputation for supporting major onshore and offshore gas development and energy projects. Events like EXA strengthen our supply chains, increase the Territory’s participation in significant projects and connect local capability with global opportunities,” Ms Cahill said.

The Northern Territory Government has led delegations to EXA for more than 16 years. In 2025, 14 organisations attended, including the Energy Club NT, Industry Capability Network NT and the Chamber of Commerce NT, with delegates reporting new contracts and business leads.

Northline Sales Manager Jason Morgan also mentioned: “Following EXA we provided over a dozen quotes, opened two new accounts and hosted a Melbourne-based company in Darwin interested in using our facilities for distribution to Southeast Asia.”

Expressions of interest close Sunday, 18 January 2026. Apply via Energy Exchange Australia 2026: Northern Territory Business Delegation – Fill in form

For more information contact Industry.Strategy@nt.gov.au

Source: Northern Territory Government Newsroom

Cutting Red Tape for Territory Tradies

Thu, 18 Dec 2025 00:00:00 GMT

Territory businesses and tradies will benefit from another practical red-tape reduction, with the Finocchiaro CLP Government removing unnecessary Certificate of Compliance requirements for certain low-risk electrical work from 1 January 2026.

As part of the Government’s response to the Saying Yes to Business report by the Approvals Fast Track Taskforce, routine like for like electrical replacements that do not alter wiring, electrical load or circuit protection will no longer require a Certificate of Compliance, allowing electricians to spend less time on paperwork and more time on the job, without compromising safety.

Attorney-General Marie-Clare Boothby, said the reform strikes the right balance between safety and practicality.

“We promised commonsense Government and that’s exactly what we’re delivering,” Ms Boothby said.

“We’ve listened to small businesses and tradies who’ve told us that the current system just isn’t working. Even the most routine, low-risk electrical work imposes an unnecessary burden, without improving safety outcomes.”

“This change is about maintaining the highest safety standards and compliance, while lowering the impact of red tape on small and family businesses.”

The reform delivers on Recommendation 6D of the Approvals Fast Track Taskforce, which called for a review of the Electrical Safety Act to identify low-risk electrical work that could safely be exempt from Certificate of Compliance requirements. Under the change, like-for-like replacements that do not alter wiring, load or circuit protection will no longer require a CoC, allowing NT WorkSafe to focus its compliance resources on higher-risk electrical work.

The reform is one of 48 priority actions being fast-tracked within the first 12 months of the Approvals Fast Track Taskforce response, aimed at halving approval times and improving certainty across key sectors including construction, hospitality, and tourism.

Chair of the Approvals Fast Track Taskforce and former Property Council of Australia NT President, Mark Garraway, welcomed the reform.

“This is exactly the kind of practical change industry was calling for,” Mr Garraway said. “It improves certainty, reduces unnecessary regulation and allows government to focus on what really matters — safety and productivity.”

Ms Boothby said the reform reflects the CLP Government’s broader commitment to rebuilding the economy while maintaining strong safeguards.

“We promised a year of action, delivering certainty and security for industry, including the Territory’s building and construction sector,” she said. “That means backing businesses, cutting red tape, and never compromising on safety. This reform delivers on all three, as we work to rebuild the economy.

Source: Northern Territory Government Newsroom

Groundwork begins for North to East gas pipeline in the NT

Wed, 17 Dec 2025 01:31:56 GMT

The Finocchiaro CLP Government has given the green light for early planning work on a new North to East gas pipeline connecting Beetaloo gas directly to the East Coast.

The pipeline permit (Pipeline Permit 9) has been granted to APT Management Services Pty Ltd, a subsidiary of APA Group, allowing APA to carry out surveys and plan the route for a proposed multi-user pipeline called the North to East Australia Pipeline (NEAP).

Minister for Mining and Energy Gerard Maley said the permit is an early planning step that puts the Territory in a stronger position for the future.

“This permit allows APA to get boots on the ground to work out the best route for a pipeline from the Beetaloo to the east coast,” Mr Maley said.

“The Beetaloo Sub-basin has enormous potential, and granting this pipeline permit allows APA to undertake the surveys and investigations needed to move the NEAP forward,” Mr Maley said.

The permit covers around 580 kilometres across the Northern Territory, with a survey corridor up to two kilometres wide and access tracks up to one kilometre wide. APA will now be able to undertake work over 12 months to examine the feasibility of the proposed route corridor and building scope.

Once this work is complete, APA can apply for a separate pipeline licence, which will have a significantly reduced corridor width, before any construction could begin.

Mr Maley said the decision builds on APA’s growing investment in the Territory, including the $70 million Sturt Plateau Pipeline, which the NT Government approved earlier this year.

The 37-kilometre Sturt Plateau Pipeline is close to completion and will connect Tamboran Resources’ Shenandoah South gas development to the existing Amadeus Pipeline. Tamboran is also building the Sturt Plateau Compression Facility, with the two projects together representing more than $250 million in investment.

“These projects show that industry has confidence in the Territory,” Mr Maley said.

“Good planning today supports energy security, reliability and affordability for Territorians.”

Under the Energy Pipelines Act 1981, a pipeline permit is the first step in the approvals process. A full pipeline licence would still be required before any pipeline could be built or operated.

Source: Northern Territory Government Newsroom

LOI signed for new drilling and long-term gas supply at Mereenie and Palm Valley

Sun, 14 Dec 2025 23:37:20 GMT

Overview

Central Petroleum Limited (ASX: CTP) (“Central”) and its Mereenie and Palm Valley Joint Venture partners (collectively “JVs”) have entered into a binding Letter of Intent (“LOI”) with the Northern Territory’s Power and Water Corporation (“PWC”) to:

support the immediate commencement of early works for an accelerated drilling program for four new wells; and
promptly document and execute gas supply agreements consistent with conditional gas supply term sheets that will see uncontracted firm gas production from Mereenie and Palm Valley of up to 25.5 PJ (Central share) sold through the end of 2034.

Drilling Program Early Works

The JVs will immediately begin early works for a four-well drilling program. This includes activities such as ordering long-lead items, progressing civil works, and selecting a drilling rig. The program will involve drilling two wells at Mereenie and another two at Palm Valley, with drilling targeted to commence in mid-2026.

Gas Supply Arrangements

The JVs and PWC have finalised ‘in-principle’ terms for long-term, firm gas supply under term sheets covering uncontracted firm gas production at market pricing from the Mereenie and Palm Valley fields of up to 25.5 PJ (Central share) through the end of 2034, which includes additional production from the four-well program. The gas supply term sheets are non-binding and conditional, requiring final internal approvals from each JV participant and PWC.

The intention is for the parties to formalise and execute binding Gas Sale Agreements (“GSAs”), consistent with these term sheets, by 20 February 2026. Arrangements have been agreed under the LOI where the JVs can be reimbursed by PWC for costs associated with the drilling program’s early works in the event binding GSAs are not executed by 20 February 2026.

Project Readiness

The intended supply arrangements are designed to quickly deliver significant new gas volumes to the Northern Territory, while also enhancing gas supply security for customers throughout the region. Preparations for the new wells are already well-advanced, with key approvals in place or underway. By initiating the drilling program’s early works now, the JVs can target mid-2026 for the commencement of drilling. The additional gas production can be quickly supplied to the market after drilling, as the wells will utilise available production capacity at the existing Mereenie and Palm Valley gas fields.

Central, via subsidiaries, has a 25% interest in the Mereenie field, along with other Mereenie JV participants (Echelon Mereenie Pty Limited, Horizon Australia Energy Pty Ltd, and Cue Mereenie Pty Ltd) and a 50% interest in the Palm Valley field, with other JV partners (Echelon Palm Valley Pty Limited and Cue Palm Valley Pty Ltd ).

Source: Central Petroleum Announcement

CLP helps cushion Federal Labor's power punch

Thu, 11 Dec 2025 00:06:33 GMT

The Finocchiaro CLP Government is taking action to ensure Territorians hit hard by Federal Labor’s shock pre-Christmas scrapping of energy subsidies are cushioned from power bill increases.

Treasurer Bill Yan said that the CLP remains focused on protecting Territorians from rising energy costs.

“In light of the Commonwealth Government decision to stop providing their energy bill relief to Australians, The CLP has made the decision to not move forward with the household tiered pricing system at this time,” he said.

This would have seen around 6800 ‘Super Users’ be charged at a higher rate on usage above 55kWh per day averaged over a billing period, equal to the rate applied to small businesses.

“That’s 6800 households no longer potentially paying more for their power,” he said.

“Cheap energy was Federal Labor’s signature promise to Australians and Territorians and we now have Albo the grinch sticking it up everyone before Christmas,” he said.

“It’s yet another example of their complete inability to deliver certainty to NT residents and businesses and why we stepped up to support Territorians.”

Territorians can also save with the introduction of new time-of-use electricity tariffs for households and small businesses to be introduced 1 January 2026.

“This will allow users to save money by taking advantage of lower electricity demand between 9am and 3pm every day.

“With the new tariffs many customers can opt in to pay a lower rate and support the growth of rooftop solar and battery systems by encouraging electricity use during daylight hours when demand is lower.”

“It’s about giving customers a choice to save money by using electricity in a way that supports the grid.”

“Running the dishwasher, washing machine, dryer and pool pump when power demand is low will then see some good savings,” he said.

There are about 1,300 small business customers and 6,500 households who will be able to achieve lower electricity bills immediately by switching to a time-of-use tariff.

Minister Yan said the Finocchiaro CLP Government was committed to helping Territorians.

"In the year of action, security and certainty, we continue to work hard and help with the cost of living," he said.

Source: Northern Territory Government

Beetaloo Energy Reaches Carpentaria Pilot Project FID

Wed, 10 Dec 2025 23:11:49 GMT

The Board of Beetaloo Energy Australia has made a Final Investment Decision (“FID”) for the Carpentaria Pilot Project

The decision to reach FID follows:

Agreement with the Northern Land Council on behalf of the Traditional Owners the Mambaliya Rrumburriya Wuyaliya Aboriginal Land Trust covering EP187 to allow for the sale of appraisal gas;
Receipt of all NT environmental approvals for the Carpentaria Pilot Project, including the construction of the Carpentaria Gas Plant (“CGP”) and associated in-field infrastructure, and the drilling, completion and tie-in of up to 10 additional wells in EP187;
The 2024 Gas Sales Agreement between Beetaloo Energy and the NT Government; and
Approval for Beneficial Use of Test Gas by the NT Government

“This is a landmark moment for Beetaloo Energy, allowing the Company to commence gas sales from EP187 in 2026.

We have already commenced the civil construction and upgrade works on the CGP utilizing internal capital resources. That work is continuing. We have separately commenced the process to drawdown the Macquarie Midstream Infrastructure Facility which was announced in November 2024 and we intend to draw funds under that facility when required.

This FID follows the incredible efforts of the Beetaloo Energy team whose tireless work is bringing this project to life.

We deeply appreciate the support of our shareholders, financiers, the NT Government, the Traditional Owners of the land on which we operate, and our many supporters across the Northern Territory. They all understand the critical importance of the Beetaloo Basin to drive energy security and economic prosperity for the NT, Australia and the broader region for decades to come.”

⎯ Alex Underwood, Managing Director

Source: Beetaloo Energy Australia

Beetaloo Energy Receives Final NT Government Approval for EP187 Appraisal Gas Sales

Mon, 08 Dec 2025 23:28:01 GMT

The NT Government has approved Beetaloo Energy’s Beneficial Use of Gas application for sale of appraisal gas from EP187
Gas will be sold to the NT Government under the existing 10-year gas sales agreement and supplied into the local NT market
Minister for Mining and Energy, Gerard Maley said “This is a major milestone. Gas that would previously have been flared will instead flow directly into the local market from next year”
Construction of the Carpentaria Gas Plant (“CGP”), purchased from AGL for $2.5m in 2023, can now proceed, with civil construction already well underway. The total installed cost of the CGP is expected to be materially lower than comparable new build plants
Beetaloo Energy has all environmental approvals required for the construction of the CGP and the drilling, completion and tie-in of up to 10 additional wells, with the full, informed, prior consent of Traditional Owners

Source: Beetaloo Energy Australia

CLP moves to safeguard Territory energy as gas pressures rise

Fri, 05 Dec 2025 01:26:05 GMT

The Finocchiaro CLP Government is working to protect the Territory’s power supply following the shutdown of ENI’s Blacktip offshore gas field as Tropical Cyclone Fina approached the Top End last month.

This outage has continued since Tropical Cyclone Fina and places significant pressure on the Territory’s already stretched gas supply, given Blacktip has been the NT’s primary source of gas since 2009.

Minister for Mining, Energy and Renewables Gerard Maley said Territorians expect honesty and transparency about the situation.

“Like every household, our power system relies on secure supply - and when a major gas field is taken offline, it has real consequences.

“We do not want to alarm Territorians, but we do want you to be informed: Blackouts are a possibility while these supply pressures continue. What Territorians also should know is that the Government is taking every possible step to keep the lights on.”

INPEX has increased gas supply to help stabilise the system, and Power and Water are implementing multiple safeguards which are ready to activate to protect Territorians.

Minister Maley said the need for these contingency measures reflect years of neglect under the former government, which also puts pressure on the cost of power.

“Territorians voted for a government that takes action – not one that ignores the warnings,” said Mr Maley.

“Territorians should understand that this is not a new problem, it’s the consequence warnings that were ignored over years.

“Blacktip has been declining since 2021, and despite repeated warnings, the former government had no energy security plan in place. We inherited a system that was already on the brink.”

The Minister said that while the government is doing everything possible to manage immediate pressures, the situation reinforces why the Beetaloo Sub-Basin is essential to the Territory’s long-term energy security.

The Beetaloo holds enough gas to power Australia for 200 years, and development is now moving at pace as Beetaloo Energy advances approvals to enable appraisal gas sales which will feed directly into the Territory’s energy system.

The Sturt Plateau Pipeline is under construction to deliver the first stage of gas to market, Santos has announced plans to drill 12 wells, and Tamboran is working towards supplying Territory gas by mid-2026.

“If we want affordable electricity, if we want investment, if we want reliable power for our homes, hospitals and businesses well into the future, then we need the Beetaloo.”

The current situation also highlights why the government passed major electricity market reforms in October. These reforms deliver smarter planning, tougher governance and future-proofed infrastructure, so energy - from gas, solar and batteries - stays reliable, stable and low-cost for Territorians.

“The CLP Government is being upfront, we are preparing for all scenarios, and we are doing everything possible to protect the Territory’s power supply now and into the future,” added Mr Maley.

Source: Northern Territory Government Newsroom

Federal Ministerial Approval for Traditional Owner Consent to the sale of Appraisal Gas

Tue, 02 Dec 2025 23:04:04 GMT

Beetaloo Energy Australia Limited (“Beetaloo Energy”) is pleased to advise that the Northern Land Council has received Federal Ministerial approval as required under subsection 27 (3) of the Aboriginal Land Rights (Northern Territory) Act 1976 to vary the existing Exploration Deed in relation to EP187 to allow for the sale or beneficial use of gas.

The Ministerial approval follows the consent to the sale of appraisal gas provided by the Traditional Owners of the Mambaliya Rrumburriya Wuyaliya Aboriginal Land Trust on 25 June 2025 and the resulting agreement with Traditional Owners which was subsequently approved by the Executive Council of the Northern Land Council.

“This Federal Ministerial approval is a critical step in the process to seek final NT Government approval for beneficial use of test gas from EP187, as required under section 57AAA of the Petroleum Act 1984 (NT). Upon receipt of that approval, Beetaloo Energy will be able to continue appraisal drilling and gas sales from EP187 for several years while the field is proven up. Beetaloo Energy will advise shareholders once the NT Government approval process reaches its conclusion.

Appraisal gas produced from EP187 will be delivered into the local NT market under our existing gas sales agreement with the NT Government, providing affordable, reliable energy and generating royalties for the benefit of all Territorians. The Carpentaria-5H flow testing restart disclosed to the market in November is well underway and we look forward to sharing the results of the program in the coming weeks.” ⎯ Alex Underwood, Managing Director

Source: Beetaloo Energy Australia ASX Announcement

Tamboran edges closer to first gas as Beetaloo momentum builds

Thu, 27 Nov 2025 22:14:53 GMT

Tamboran Resources says it is edging closer to first gas from the Beetaloo Basin, with CFO Eric Dyer telling investors the company is now "on the cusp" of converting years of exploration into what it hopes will become Australia's first commercial onshore unconventional gas project.

Speaking at an Energy Club NT event in Darwin last night, Dyer said Tamboran's Shenandoah South pilot development – designed to supply the Northern Territory market as output from the ageing Blacktip gas field declines – had cleared several key hurdles, including final investment approval, traditional owner consent and the drilling of three horizontal pilot wells.

"We are de-risking it constantly," Dyer said.

"The data proves itself…this is the first economic shale project in Australia."

Over the past year, Tamboran has strengthened its balance sheet through a combination of equity raisings and asset sales, providing sufficient funding to drill, complete and test its pilot wells and advance processing and transport infrastructure. The company has also flagged that substantially larger capital commitments will be required as it shifts from pilot output to sustained, multi-well production.

The pilot project has attracted support from major international oilfield services groups, including Baker Hughes and Liberty Energy, which are supplying drilling and hydraulic fracturing equipment for the Beetaloo campaign. Tamboran says the deployment of modern shale technology has underpinned record drilling performance in the Territory.

Equally critical is the transport pathway. Tamboran has secured a connection to market via the 37-kilometre Sturt Plateau Pipeline, being built by APA Group, which will link the Beetaloo to the existing Amadeus Gas Pipeline. Construction is underway, with APA targeting early-2026 commissioning, enabling first commercial gas deliveries to the Territory around mid-2026.

Infrastructure delivery and funding remain the project's main execution risks. While the pilot project is financed, investors are closely watching whether drilling, flow testing, compression facilities and pipeline timelines remain aligned as Tamboran attempts to transition from appraisal into production.

The stakes extend well beyond the Northern Territory. Tamboran ultimately wants to push gas into the east coast market, where structural shortfalls are forecast later this decade as legacy Queensland and Victorian fields decline. Success in the Beetaloo would add a new onshore supply source into a tightening domestic gas system.

Dyer said Beetaloo gas could play a dual role, underpinning Territory energy security while also supporting the energy transition on the eastern seaboard by displacing higher-emissions coal-fired generation.

"Gas is about 70% less CO₂-intensive than coal," he said.

"Every coal-fired power station on the east coast is under stress… gas can be there to solve it."

Tamboran's longer-term ambitions reach further still. The company has secured land at Darwin's Middle Arm industrial precinct and is studying options for processing, energy-intensive industry and, potentially, LNG exports linked to future fibre-optic cable landfalls and data-centre development in the Top End.

Source: Energy News Bulletin

2025-26 Mid-Year Report confirms the Territory’s strong economic rebound

Thu, 27 Nov 2025 22:13:07 GMT

The Territory’s latest Mid-Year Budget Report shows the NT economy is strengthening, population growth is accelerating, and responsible financial management is firmly back on track under the Finocchiaro CLP Government.

The report, tabled today, shows the CLP’s first budget is delivering significant budget improvements drawn by a burgeoning economy and strong revenue growth.

It highlights a range of positive indicators led by an increase in GST, a significant uptick in own-source revenue and a slow-down in the net debt accumulated under Labor.

Over the forward estimates, net debt had improved by $387 million to 2028-29 showing that this Government’s budget repair strategy is working
As a result of population and economic growth, total revenue (Including GST payments and own source revenue) has increased by $617 million
Private investment grew by 4.1% in 2024-2025, reflecting strong expenditure in the mining sector
Increased payroll revenue of $11 million, driven by strengthening wages and business expansion
Solid population growth of 1.3% from the year to March

As a result of this, the fiscal balance is projected to improve in aggregate by $369 million across the budget cycle.

NT Treasurer Bill Yan said the result showed the Finocchiaro CLP Government was delivering on its promise to rebuild the economy.

“We are continuing to turn debt, deficits, and mismanagement inherited from the Lawler legacy into an economy that’s heading in the right direction,” he said.

“With a reduction in the net debt we are accumulating, we’re borrowing less to fund essential services and putting the taxpayer in a better position.”

Further confirming the NT’s economic turnaround, Moody’s credit rating agency, who rate 90% of the world’s public debt, gave the NT's borrowings a stable outlook.

The Business Council of Australia supports this ranking with the NT now ranked third best place in Australia to do business according to their Regulation Rumble 2025 report.

Meanwhile the CBA’s CommSec State of the States report continues to give the NT the best ranking in nearly a decade buoyed by economic growth, population growth, housing finance, and dwelling starts.

And Deloitte Access Economics reports the NT economy’s Gross State Product is forecast to grow 6.8% this financial year, the fastest growth nationally.

Minister Yan said the CLP Government’s Rebuilding the Economy strategy was driving results across industry, population and employment.

“We remain committed to outpacing the nation in economic performance by harnessing the Territory’s natural strengths, and ensuring all Territorians benefit,” he said.

“This is what the Finocchiaro CLP Government was elected to do, returning the NT to a place where more people want to live, work, visit and invest.

The report is available on the NT Treasury web page here.

Source: Northern Territory Government Newsroom

Darwin Port wins Port of the Year for 2025

Wed, 26 Nov 2025 22:18:34 GMT

Darwin Port is delighted to be awarded winner of ‘Port or Terminal of the Year’ at the annual Daily Cargo News 2025 Australian Shipping & Maritime Industry Awards.

The winners were announced last Thursday night at a special event held at the Shangri-La Hotel in Sydney.

Darwin Port were one of a number of finalists in the category which included NSW Ports, Patrick Terminals - Brisbane, AutoStrad, Pilbara Ports, Port of Brisbane, Port of Newcastle, Southern Ports, Squadron Energy and the Victoria International Container Terminal.

In announcing the winner, the judges commended Darwin Port for the significant growth in trade that it had achieved year on year. They also mentioned the growth in the cruise sector which saw Darwin as the only jurisdiction in Australia to record an increase. Additionally, the support provided by the Darwin Port to Defence during major exercises and the many port calls was seen as significant.

Darwin Port CEO Peter Dummett, who was in Sydney to accept the award, said that this recognition “was for the team and by the team.”

“We have a head count of just under 100 Territorians who turn up every day and get on with the job of running the port”.

“It is not just the port team that have led to this success” he said.

“Ports can’t operate without our stakeholders and service providers. The port’s stevedores, Qube, Linx and Aurizon, tug operators Svitzer and Coastal Tug and Barge and of course the shipping companies and the customers using the port all work together to achieve these outstanding results.” Mr Dummett said.

“I’d especially like to thank the dedicated team at Darwin Port for achieving this recognition,” he said.

Source: Darwin Port Website

Traditional Owners and SunCable sign landmark 70-year agreement to build Australia’s largest solar farm

Mon, 17 Nov 2025 01:15:10 GMT

Traditional owners, SunCable and the Northern Land Council reached a historic multi-generational 70-year agreement to build a 12,000-hectare solar farm on Powell Creek Station.

In a multi-million-dollar agreement to build the biggest solar farm in Australia, multi-generational wealth will be brought to Traditional Owners who hold native title over the earmarked land area of Powell Creek Station.

The agreement will deliver major economic benefits through jobs, training pathways and local business opportunities in a very remote part of the Northern Territory.

Stringent environmental protection and cultural heritage preservation are also included, so cultural knowledge and connections to land will be protected and will continued to be passed down through generations.

SunCable first approached the Northern Land Council in 2019, and soon after engaged with Traditional Owners about its interests in parts of Powell Creek Station.

In 2022 SunCable identified the land area it wanted to use, and negotiations began with Traditional Owners about options for a land use agreement.

It has been a lengthy process of negotiations between SunCable and more than 200 Traditional Owners, over the last three years.

The agreement has also been a massive logistical effort from NLC, undertaking over 70 consultations to meet and bring together many families across Darwin, Katherine, Elliott, Tennant Creek and other remote locations where people live.

This is a significant deal that NLC, Traditional Owners and SunCable were able to negotiate, and an example of how large-scale energy projects can be developed in partnership with Aboriginal communities who want to shape their economic future while continuing to live and work on country.

Quotes attributable to Northern Land Council Chairman Matthew Ryan:

“The Northern Land Council is proud to have negotiated this deal with Suncable on behalf of the Traditional Owners of Janigirulu, Bamayu and Walanypirri. “It sends a clear message that the Northern Territory is open for business. This demonstrates that Aboriginal Territorians are leading the way by participating in genuine engagement with big business.

“This is about strengthening self-determination, building sustainable communities, and contributing to the long-term economic viability of the Northern Territory.

“Over the years the NLC has facilitated a number of successful business ventures with Traditional Owners in the Barkly and we look forward to promoting more opportunities towards creating a prosperous future for everyone in the Northern Territory.”

Quotes attributable to SunCable Chief Executive Officer Ryan Willemsen-Bell:

“Today’s signing of the Indigenous Land Use Agreement marks the beginning of an enduring partnership between SunCable, the Northern Land Council and the Powell Creek Native Title Holders to develop this transformative renewable energy project in the Northern Territory.”

“This agreement is a symbol of partnership, of shared vision, and of mutual respect.”

“SunCable is developing one of the largest renewable energy projects in the region, designed to harness the Northern Territory’s world-class solar resource to deliver reliable, cost-effective renewable electricity to industrial customers in the Northern Territory and SouthEast Asia.

“The ILUA is the result of years of dialogue, negotiation and trust-building. It ensures that the voices of Native Title Holders are not only heard but are central to the development of this project. Throughout the years, SunCable has listened carefully to shape a comprehensive agreement that recognises the importance of Native Title rights and interest that will deliver long term benefits.”

Source: Northern Land Coucil Website

Carpentaria-5H Operations Update

Sun, 16 Nov 2025 23:34:02 GMT

Beetaloo Energy is pleased to advise that flow testing equipment has arrived at the Carpentaria5H well site.

The equipment has been rigged up and will soon commence operations.

The Company acknowledges that the commencement of the IP30 flow test will be later than previously anticipated. This is due to a delay in the arrival of the third party equipment, which was in use for another operator for significantly longer than forecast.

The installation of flow testing equipment enables commencement of the IP30 flow test which is scheduled to begin shortly.

This test will deliver important performance data to guide future well design and support the transition toward pilot production.

Results from the IP30 flow test are expected in December 2025.

Beetaloo Energy will continue to update shareholders as operations progress.

Source: Beetaloo Energy Australia Announcements

First quarter activities report for period ended September 30, 2025

Fri, 14 Nov 2025 01:00:45 GMT

Highlights

The Beetaloo Joint Venture sanctioned the Shenandoah South Pilot Project following execution of key commercial documents with APA Group, the Sturt Plateau Compression Facility (SPCF) Trust, financial institutions and the Northern Territory Government (NTG).
Tamboran received consent from Native Title Holders to sell appraisal gas from the Shenandoah South Pilot Project to avoid flaring. Subsequently, the NTG approved the sale of appraisal gas under the Beneficial Use of Gas (BUG) Legislation.
Tamboran successfully completed the first batch drilling program in the Beetaloo Basin with Shenandoah South 4H (SS-4H), -5H and -6H wells successfully drilled and cemented with a 10,000-foot horizontal section in the Mid Velkerri B shale.
The stimulation program of the SS-6H well commenced in early November 2025. The program is targeting up to 60 stages and expected to conclude by the end of the year ahead of IP30 testing in 1Q 2026, subject to weather conditions and soaking duration.
Construction activities on the SPCF and APA Group (ASX: APA) owned Sturt Plateau Pipeline (SPP) are well progressed and on track and on budget to deliver first gas to the NT market in mid2026, subject to weather conditions.
In September 2025, Tamboran announced the expected acquisition of Falcon Oil & Gas Ltd. (Falcon) to increase Tamboran’s Beetaloo Basin acreage position to 2.9 million net prospective acres and increase ownership of the Phase 2 Development Farmout Area.
Tamboran and Falcon shareholders are expected to vote on the transaction in 1Q 2026.
In October 2025, the company completed a US$56.1 million (pre-fees) Public Offer at US$21.00 per share of Common Stock. The Public Offer was supported by leading energy technology company and new strategic partner, Baker Hughes.
Concurrently with the closing of the Public Offering, Tamboran entered into subscription agreements with certain investors with expected gross proceeds of up to US$32.0 million in a Private Investment in Public Equity (PIPE), subject to approval by the Company’s shareholders.
As of September 30, 2025, the Company had a cash balance of US$39.6 million, with expected near-term cash inflows of US$100 million following the completion of the Public Offer, PIPE transaction and US$15 million acreage sale to DWE, which was announced in May 2025.

Source: Tamboran Resources Corporation

More skilled migrants for the NT

Wed, 12 Nov 2025 22:50:10 GMT

The Northern Territory Government welcomes the Australian Government releasing full nomination allocations for the 2025-26 General Skilled Migration Program.

Minister for Trade, Business and Asian Relations, Robyn Cahill said, “workforce shortages are being experienced across both public and private sectors, and it is critical that Territory businesses can find the workers they need now and into the future.”

“Migration programs play an essential part in rebuilding the Territory’s economy and restoring the Territory lifestyle. It contributes to population stability, supports regional economic growth, and alleviates skill shortages in remote and regional areas.

“That is why I travelled to Melbourne earlier this year for the Ministerial Migration Roundtable to advocate for better regional migration settings for the Northern Territory.”

A total of 1650 nominations have been allocated to the Northern Territory, including:

850 nominations for the subclass 190 visa and,
800 nominations for the subclass 491 visa

This is an increase on the previous program in 2024-25 (1,600).

“The Northern Territory is one of few jurisdictions to receive an increase and demonstrates our government’s success in advocating for migration programs that will support Territory growth,” Minister Cahill said.

“As a regional area that has ongoing workforce shortages and challenges it is important that we have programs in place that help retain a permanent population.

“The Northern Territory Government remains committed to prioritising jobs for Territorians first, then workers from interstate, before businesses seek workers from overseas.”

The Northern Territory nomination program will open for all streams on 24 November 2025.

For further information visit: https://australiasnorthernterritory.com.au/move/migrate-to-work/nt-government-visa-nomination

Source: Northern Government Newsroom

New CO₂ terminal to deliver 1,000 Territory jobs

Wed, 05 Nov 2025 21:56:05 GMT

Up to 1,000 jobs are expected to be created through Vopak’s carbon dioxide import, storage and handling terminal at the Middle Arm Precinct, marking a major new investment in the Territory’s economic future.

The Finocchiaro CLP Government has provided a not-to-deal commitment to Vopak and the Land Development Corporation, giving the company the certainty to accelerate development of the project with completion likely by the early 2030s.

This announcement comes as Vopak prepares to celebrate 20 years of operation in the Northern Territory.

The proposed 10-hectare development at Middle Arm represents a major investment in future-focused infrastructure that will generate around 1,000 jobs during construction and approximately 70 ongoing operational roles once complete.

Last year, the NT Government and Vopak signed a Memorandum of Understanding (MoU) to develop a common-user facility at Middle Arm, including a dedicated CO₂ import terminal.

The terminal will be designed to safely and efficiently manage the import, storage and distribution of liquid carbon dioxide, providing open-access infrastructure to support heavy industry in reducing emissions and underpinning major offshore carbon capture and storage (CCS) developments across Australia and the Asia Pacific region.

Chief Minister Lia Finocchiaro said the Vopak commitment highlights the NT's growing role in supporting innovative industries and creating tangible opportunities for Territorians.

“In our year of action, certainty and security, projects like Vopak’s Middle Arm CO₂ terminal show the Northern Territory is not just open for business, but ready to lead in new industries that create local jobs and strengthen our economy. This is the kind of forward-looking investment that benefits communities across the Territory and positions us for long-term growth.”

Minister for Mining and Energy Gerard Maley said Vopak’s Middle Arm project will deliver significant local jobs and strengthen the Territory’s long-term economic future.

“This facility is projected to play a crucial role in supporting the development of a globally significant carbon capture and storage industry right here in the Territory, while delivering significant economic benefits for our region and Australia, including an estimated 1,000 construction jobs,” said Minister Maley.

“By granting an exclusive ‘not-to-deal’ commitment to Vopak, the NT Government is sending a clear signal to investors that the Territory is open for business and strongly supportive of the energy sector.”

Minister for Lands, Planning and Environment Joshua Burgoyne said the Territory is well placed to become a global leader in this emerging industry.

“The Territory is positioned to play a major role in the future of carbon capture and storage management,” said Minister Burgoyne.

“Our Government is delivering on its commitment to rebuild the economy and attract private sector investment, sending a clear message to Australian and global markets that the Territory is the place to invest.”

Vopak Terminals Australia Managing Director Paul Kanters said the company’s long-term partnership with the Territory continues to evolve in line with global decarbonisation priorities.

“This commitment from the NT Government demonstrates shared confidence and partnership for the future development of a common-user CO₂ import, storage, and handling facility at Middle Arm,” said Mr Kanters.

“As Vopak celebrates its 20th year of operation in Darwin, this project is a clear signal that we are committed not only to the security of today’s essential products but also to the economic growth and decarbonisation ambitions of the Territory and Australia.”

“It is the next evolution of our partnership, leveraging our global expertise to create infrastructure solutions that accelerate the journey to net zero.”

Once operational, the facility will have an initial capacity to manage up to five million tonnes per annum (MTPA) of liquid carbon dioxide, with potential expansion to more than 15 MTPA, subject to design and engineering outcomes.

Source: Northern Territory Government Newsroom

APA commences construction of the Sturt Plateau Pipeline

Wed, 05 Nov 2025 06:54:35 GMT

APA Group (ASX: APA) has commenced construction of the Sturt Plateau Pipeline (SPP), the crucial first-stage link to enable Beetaloo gas to reach power generation assets that keep the lights on across the Northern Territory.

The estimated ~$66.5 million project will support regional employment and local supply chains, delivering approximately 150 jobs during peak construction.

In September this year, APA received a pipeline licence from the Northern Territory Government and registered an Indigenous Land Use Agreement (ILUA) with Traditional Owners, facilitated by the Northern Land Council (NLC) in accordance with its statutory functions.

The Northern Territory Deputy Chief Minister and Minister for Mining and Energy, The Hon. Gerard Maley MLA and Northern Territory Treasurer, The Hon. Bill Yan MLA joined APA’s CEO and Managing Director, Adam Watson along with executives from Tamboran and representatives from the Northern Land Council, the Northern Territory Government and Department of Mining and Energy onsite to observe progress on the 40 TJ/d pipeline.

APA CEO and Managing Director Adam Watson said the SPP will play an important role in transporting Beetaloo gas to APA’s existing Amadeus Gas Pipeline, to power generation assets in Darwin.

“The SPP will help ensure Beetaloo gas is available to power the Territory, a critical first step in the basin’s development. Households and businesses in Darwin will be the first beneficiaries of this new infrastructure.”

Northern Territory Deputy Chief Minister The Hon. Gerard Maley MLA said: “The Sturt Plateau Pipeline construction signals the start of a new era for the Territory’s energy future, with this critical piece of infrastructure the first direct pipeline out of the Beetaloo.”

“This construction project is a strong example of how the NT Government, industry, and Traditional Owners can work together to deliver real benefits – including job creation, the building of skills in our regions and strengthening of the Territory’s economic future”.

Tamboran Chair and Interim CEO Richard Stoneburner said: “Tamboran’s work in the Beetaloo Basin will not only benefit the Northern Territory, but can also help address gas supply issues in Australia’s East Coast market. Tamboran has just successfully completed a record drilling program for the Beetaloo and we are on track to deliver first gas to the Northern Territory mid 2026 working closely with APA on the Sturt Plateau Pipeline.”

Over the coming months the 37 kilometre pipeline will be welded together to ensure Beetaloo gas can flow in 2026.

Source: APA Group Website

CommSec confirms the NT is back on top

Mon, 27 Oct 2025 00:57:19 GMT

The latest CommSec State of the States report proves what Territorians already know - under the Country Liberal Party, the Northern Territory is back on track, rebuilding stronger, faster, and with more momentum than ever.

According to the October 2025 CommSec report, the Territory has leapt from eighth to fourth place in overall economic performance, its best ranking in nearly a decade, showing that the CLP’s plan to rebuild the economy is working.

Chief Minister Lia Finocchiaro said the report was clear evidence the Territory is charging ahead and outperforming expectations.

“The Territory is leading the nation in economic growth, population growth, housing finance, and dwelling starts - and that’s no accident,” Mrs Finocchiaro said.

“Our economy grew by 5.4% - the strongest in the country. We’re seeing population growth up 1.3%, housing finance up 24%, and new dwellings up 30%. The word is out: if you want a great job, lifestyle and affordable housing, the Territory is where you need to be.”

The report also confirms the Territory has climbed to third nationally for household spending, reflecting renewed consumer confidence and a strong labour market.

“We’ve gone from last place under Labor to one of the strongest economies in Australia. That’s what happens when you back hard work, ambition and investment instead of red tape and excuses.

Chief Minister Lia Finocchiaro said the jump from eighth to fourth place was a “vote of confidence” in the CLP’s Rebuilding the Economy Strategy, which is restoring confidence, purpose and prosperity to the Northern Territory.

"Territorians elected us to rebuild the economy after eight years of going backwards under Labor - and this report, like the one before it, proves we’re delivering.

“In our year of action, certainty and security, a reduction in crime is giving businesses and investors greater confidence in the Territory’s future. We’re building a stronger workforce, unlocking regional growth and making the NT the best place to do business,” Mrs Finocchiaro said.

Treasurer Bill Yan said the report shows the Territory is now firmly on the investment radar.

“The NT is a hot spot for housing and business investment. You only have to look at the property market to see confidence returning,” Mr Yan said.

“With major infrastructure projects in the pipeline, the nation’s most generous home builder grants, and a lifestyle most people only dream of - Territorians and investors alike have faith in the CLP to deliver.”

Minister Yan said the momentum will continue as the CLP focuses on regional development, workforce attraction, and crime reduction.

“We promised to reduce crime, rebuild the economy and restore our lifestyle, and that’s exactly what we’re doing. The Territory’s comeback is well underway,” he said.

Fast Facts from the CommSec Report (October 2025):

NT jumps from 8th to 4th overall economic performance.
#1 in Australia for economic growth - up 5.4%.
#1 for population growth - up 1.3%, 75% above decade average.
#1 for housing finance - up 24.1%.
#1 for dwelling starts - up 30%.
#3 for household spending - up 9% on long-term average.
Unemployment 16.4% below the decade average.

Source: Northern Territory Government Newsroom

Keeping the lights on and costs stable for Territorians with essential reforms to run-down power system

Thu, 23 Oct 2025 00:55:49 GMT

Prakash The Finocchiaro CLP Government is reforming our long-neglected Territory electricity system and market as a major step forward to delivering a secure, reliable and affordable electricity network for Territorians with reform legislation passed.

The scale of the challenge is clear: the NT has twice as many blackouts as the rest of the country and they last significantly longer. In Katherine alone, Territorians experience around 6.7 outages a year averaging nearly nine hours each, according to the NT Utilities Commission.

Much of the Territory’s electricity infrastructure is ageing, outdated and unable to accommodate the increasing levels of solar energy generation, leaving it vulnerable to blackouts.

Minister for Mining and Energy, and Minister for Renewables Gerard Maley said without urgent reform and investment, performance of our overstretched electricity system will continue to deteriorate, failing the needs of Territorians.

“Unreliable power limits the ability of households, businesses and industries to operate efficiently, slows regional development and job creation,” Minister Maley said.

“It also puts the Territory’s overall economic development, population growth and future opportunities at risk.”

“We inherited a system that simply isn’t up to scratch and inaction is a cost we can’t afford. The electricity network is decades old and under strain – despite repeated warnings from the independent Utilities Commission, the previous government failed to act.”

“We’ve seen two major blackouts recently that left most of Darwin and Katherine without power, and without action, those events will only become more widespread and last longer.”

Amendments to the Electricity Reform Act 2000 will establish new market and governance arrangement for the procuring of electricity assets and energy contracting. This will enable for the central procurement of electricity supply, cutting red tape and ensuring reliable, secure and affordable electricity supply for Territorians.

Additionally, changes to the Electricity System and Market Operator Bill 2025 will see the establishment of the Northern Territory Electricity System and Market Operator (NTESMO) as an independent system controller and market operator, separate from the Power and Water Corporation.

“These reforms are an important step forward, but they’re only the beginning,” said Minister Maley.

“We know more investments will need to happen to address parts of our electricity system which are decades old and under strain after years of underinvestment.”

“These legislative amendments and reforms are a solid start in creating modern, fit-for-purpose assets, strengthening reliability, reducing wholesale electricity costs and ensuring Territorians continue to enjoy some of the lowest power prices in the country.”

The Finocchiaro CLP Government already provides significant support to Territorian’s retail electricity costs through the Community Service Obligation (CSO), which subsidises power bills for Territory homes and businesses. Without it, Territorians would face the highest energy costs in Australia.

The CSO has now reached a record $192 million in 2025–26, highlighting the scale of the challenge presented by our aging infrastructure ad increasing electricity generation costs.

Mr Maley said the newly established, independent NTESMO will play a central role in planning and delivering future energy infrastructure.

“Territorians deserve an electricity system that works, not one held back by outdated system rules and ageing assets,” he said.

“NTESMO will be responsible for developing a periodic Regulated Electricity System Investment Plan (RESIP) to outline the upgrades and investments needed in each region to deliver energy security and reliability at least cost for Territorians.

“This legislation will also cut unnecessary red tape and create greater investor confidence, ensuring the Territory remains an attractive destination for private energy investment and future growth.”

TBN: Tamboran successfully completes largest Beetaloo Basin drilling program

Wed, 15 Oct 2025 01:45:10 GMT

Highlights

Tamboran Resources has successfully completed the 2025 Shenandoah South drilling program, the largest program ever conducted in the Beetaloo Basin.
The program included the batch drilling of the Shenandoah South -4H (SS-4H), -5H and -6H wells, each successfully completed with a target lateral length of 10,000-feet. The three wells have been successfully cased and suspended ahead of stimulation activities.
The average spud-to-TD (total depth) across the program was 26.7 days, with the drilling and casing time delivered within the 35-day forecast.
The program saw an increase in efficiency driven by the application of new Baker Hughes (NASDAQ: BKR) anti-vibration drilling technology. This resulted in Tamboran drilling its fastest horizontal section in the Mid Velkerri B Shale to date in the SS-6H well, reaching over 1,100 metres (3,603 feet) in a day.
Tamboran plans to complete the SS-4H well in 4Q 2025. The program includes up to 60 stages across the full 10,000-foot horizontal section within the Mid Velkerri B Shale using the imported Liberty Energy (NYSE: LBRT) modern stimulation equipment. The SS-4H well is planned to be flow tested for 30 days ahead of being shut-in for future gas sales.

Source: Tamboran Resources Corporation

STO: NT Quarterly Update October 2025

Tue, 14 Oct 2025 01:41:55 GMT

The Santos Northern Territory (NT) Business Update is designed to keep stakeholders informed about our ongoing and proposed activities that require consultation, along with details regarding upcoming field activities. The update will also provide a snap shot of community activities across the NT. This update includes information about:

Darwin LNG

Located at Wickham Point, the Santos operated Darwin LNG (DLNG) is a single train liquefactionn and storage facility that started production in 2006. Darwin LNG was the first LNG production facility in the Northern Territory, and second in Australia. The Darwin LNG has the capacity to produce approximately 3.7 million tonnes of LNG per annum. With Bayu-Undan reaching end of field life, the Barossa gas field will be the source of gas to backfill DLNG, with first gas expected in 2025.

Darwin Life Extension Project

The Darwin Life Extension (DLE) project is approaching completion, having achieved the milestone of being “Ready for Start Up” and is now prepared to receive gas from the Barossa field. In November 2023, the DLNG facility was shut down for modification and refurbishment works to be completed to allow for continued LNG production, by optimising processing capability and allowing for a wider variation of feed gas composition from the Barossa field. The DLE Project will extend operation of DLNG to approximately 2050.

Beetaloo Basin

Santos is committed to carrying out appraisal activity in the Beetaloo Basin to determine the size, potential production rate, and characteristics of the shale gas reservoir. The appraisal phase follows successful exploratory drilling and will inform any future development proposals for the Basin. Responsible and successful appraisal of the Beetaloo Basin could, with the necessary agreements and approvals, lead to further development with potential benefits to the NT including:

Jobs for local companies, increased regional and Aboriginal employment and procurement opportunities
Royalties paid to the Territory which could be used for improving local community services, regional roads, more police, schools, hospitals, and infrastructure
Community investment programs developed in partnership with Traditional Owners
Appraisal gas recovered under the appraisal program may contribute to energy security for the NT, with increased domestic gas supply to the market.

Barossa LNG

Barossa LNG receives first gas

The BW Opal Floating Production, Storage and Offloading (FPSO) vessel has successfully received first gas into the facility to commence production operations.

This follows the BW Opal achieving Ready For Start Up (RFSU) status on 16 September 2025 and the commencement of flow from the subsea wells. This is a major milestone for Santos and its Barossa joint venture partners, PRISM Energy Australia and JERA Australia, in delivering the Barossa LNG project.

All six wells drilled in the Barossa gas field have intersected excellent reservoir quality. Testing has been completed on five of the six wells, demonstrating outstanding flow capacity that exceeds pre-drill estimates, with expected average potential well deliverability of around 300 million standard cubic feet per day. This success underscores the robust capacity of the Barossa field to sustain long-term production.

The Northern Territory Environment Protection Authority has renewed the Environment Protection Licence for Darwin LNG, commencing 19 September 2025, paving the way for first gas into, and start-up of, the Darwin LNG plant.

Santos Managing Director and Chief Executive Officer Kevin Gallagher said, “RFSU for the BW Opal marked the formal transition from project execution to production operations, following RFSU for the Darwin LNG plant upon completion of the life extension work scope and the commencement of production from the offshore subsea wells."

The BW Opal is among the largest and most technically advanced FPSOs ever built, featuring a 358-metre hull and accommodation for up to 140 personnel. It has gas handling capacity of 850 million standard cubic feet per day and condensate handling capacity of 11,000 barrels per day. Industry-leading combined-cycle power generation, incorporating waste heat recovery and steam turbine technology, was used to maximise energy efficiency and is expected to reduce non-reservoir emissions by more than 50 percent (over 0.75 million tonnes of CO2e per year) compared to the Offshore Project Proposal accepted by the regulator NOPSEMA.

The FPSO is the production centrepiece of Santos’ Barossa LNG project and will be permanently located in the Barossa gas field approximately 285 kilometres offshore from Darwin in the Northern Territory of Australia. It will feed the Darwin LNG plant for the next two decades.

A semi-permanent mooring arrangement will also be installed in the Barossa Field. It will be positioned between the two southern drill centres and used by the Offshore Support Vessel when standing by in the field. The mooring buoy will be fitted with navigation lights. The SURF (Subsea, Umbilicals, Risers, Flexible) program has completed tie-in and testing of the subsea infrastructure for four wells and will finish work on the final two wells during this year.

All Barossa activities have been completed or are currently being undertaken in accordance with the relevant Commonwealth and NT environmental approvals.

Bonaparte Basin Activites

Overview

The Bonaparte Basin, located offshore between Western Australia and the Northern Territory, is a key focus area for Santos Midstream and Energy Solutions. It presents an opportunity to store carbon dioxide emissions from our own operations, as well as carbon dioxide generated from third-party sources.

CCS is a core component of Santos’ decarbonisation strategy, as well as the decarbonisation strategies of our customers and emitters in hard-to-abate industries.

Santos is seeking to acquire subsurface data via a 3D Marine Seismic Survey to identify and image detailed subsea geological formations for the potential injection and storage of carbon dioxide (CO2).

We are also seeking to drill up to three wells in the Basin, commencing with the drilling exploration of the Astraea-1 well. The purpose of the well is to evaluate subsea geological formations for the potential injection and storage of CO2.

Appraisal Drilling

G-11-AP CCS Appraisal Drilling Environment Plan

Activity summary: Santos is planning to drill up to three wells in greenhouse gas permit G-11-AP, starting with the Astraea-1 well. The purpose of the well is to identify subsea geological formations for the potential injection and storage of carbon dioxide (CO2). The Operational Area for the Astraea-1 well is approximately 115 km from the nearest coastline and approximately 275 km west-southwest from Darwin, Northern Territory.

EP status: Submission to NOPSEMA planned for Q1 2026.

Seismic Exploration activities

EOS 3D Marine Seismic Survey (MSS) Environment Plan

Activity summary: 3D marine seismic survey activity to appraise carbon capture storage potential of Santos’ greenhouse gas permit G-11-AP. Survey location is approximately 107 km from the nearest WA coastline and approximately 102 km from the nearest NT coastline. Activity commencement is planned for Q2 2026 at the earliest.

EP status: EP was submitted to NOPSEMA in Q3 2025.

Plug and Abandonment activities

Tern-2 Plug and Abandonment Environment Plan

Activity summary: Permanent plug and abandonment activity for one historic well previously temporarily abandoned. The well is approximately 300 km west-southwest of Darwin, and approximately 106 km off the coastline of Western Australia. Activity commencement is planned for Q4 2025 at the earliest.

EP status: EP to be resubmitted in Q4 2025 to align with the Well Operations Management Plan.

Source: Santos Northern Territory Quarterly Update October 2025

Darwin Port Development Plan Released

Wed, 08 Oct 2025 23:29:39 GMT

Darwin Port is proud to share its new Development Plan, outlining our vision for growth, sustainability, and community wellbeing over the coming years. The plan sets out key priorities, strategic goals, and actions designed to shape a thriving future for our town.

To view the full Darwin Port Development Plan please click here.

Source: Darwin Port Website

Darwin Ports Vision for the future - Master Plan Released

Wed, 08 Oct 2025 23:28:21 GMT

Darwin Port is excited to share our new Master Plan, which sets out our vision, priorities, and the steps we are taking to achieve long term growth and positive impact.

This comprehensive document outlines our key goals, guiding principles, and the projects that will shape the next chapter of our journey. It reflects years of collaboration, research, and input from across our community.

To view the full Masterplan please click here.

Source: Darwin Port Website

Local businesses to benefit from inaugural Territory Procurement Champion

Tue, 30 Sep 2025 23:59:10 GMT

Local businesses will benefit from a simpler and more transparent procurement system, with the Finocchiaro CLP Government today appointing Mr Tom Harris as the inaugural Territory Procurement Champion.

The appointment of Mr Harris coincides with procurement reforms that are transforming how the Government purchases goods and services. These reforms are designed to cut red tape, increase local opportunities, and make doing business with government more effective.

As Procurement Champion, Mr Harris will independently handle procurement complaints and work closely with businesses and government agencies to increase opportunities for local procurement.

Minister for Trade, Business and Asian Relations, Robyn Cahill, said: “The Territory Procurement Champion will give businesses confidence that their voices are being heard and that we are serious about making procurement fairer, simpler and more transparent.”

“I welcome Tom Harris as the inaugural Territory Procurement Champion, who will be charged with engaging with businesses and government to drive more local procurement,” Ms Cahill said.

Mr Harris brings a wealth of knowledge and experience to the role. As the current Chief Executive Officer of the Civil Contractors Federation NT, he has extensive expertise in construction contract management and a strong track record of engaging with industry to deliver outcomes that support business growth and local jobs.

“I’m very proud to have been given the opportunity to be the Territory Procurement Champion. I have a long and ongoing connection to the Northern Territory and know that growth within our local business community is a major factor in driving economic development opportunities throughout our region,” Mr Harris said.

Mr Harris will commence as Procurement Champion on 1 November 2025 and will be a key advocate for ensuring procurement continues to deliver benefits for the Territory economy and community.

The procurement reforms come into effect on 1 October 2025 and will:

Simplify local buying, with the Tier 1 purchasing cap increasing from $15,000 to $50,000
Increase local buying opportunities, with the Tier 2 purchasing cap increasing from $100,000 to $200,000; and
Streamline everyday purchases by allowing direct purchasing from a Territory business for low-risk, readily available and commonly used supplies.

For more information about the Territory Government’s Procurement Reform Program visit https://nt.gov.au/industry/procurement/procurement-reform-program

Source: Northern Territory Government Newsroom

Tamboran to acquire Falcon Oil & Gas Ltd. to create ~2.9-million-acre Beetaloo Basin leader

Tue, 30 Sep 2025 23:37:22 GMT

Highlights:

Tamboran Resources and Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) (Falcon) have entered into a definitive agreement to create a ~2.9 million net prospective acre Beetaloo Basin leader across the majority of the Beetaloo depocenter.
The combination of Tamboran and Falcon is a logical consolidation of two leading Beetaloo Basin businesses and creates a company with a pro forma market capitalization of >US$500 million.
Under the transaction, Tamboran will acquire Falcon via the acquisition of all its subsidiaries in exchange for 6,537,503 shares of Tamboran NYSE Common Stock and a cash consideration of US$23.7 million.
On completion, Falcon will distribute Tamboran shares to eligible shareholders of Falcon at an exchange ratio of 0.00687 shares of Tamboran NYSE Common Stock for each Falcon Common Stock. Falcon shareholders will own ~26.8% of the pro forma business. Tamboran stockholders will own the remaining 73.2%.
The transaction values Falcon’s subsidiaries at C$239 million (US$172 million), at an implied offer price of C$0.2154 per share. This reflects a 19.7% premium of the closing price of Falcon on the TSX on September 29, 2025 and a 53.2% premium to the 90-day traded VWAP.
The acquisition is accretive to Tamboran stockholders given the implied acreage value of US$169 per acre reflects a 4% discount to Tamboran’s current implied acreage value of US$176 per acre.
The transaction aims to strengthen Tamboran’s working interest in the Phase 2 Development Area to 80.62% ahead of the previously announced farmout process and creates further alignment with Daly Waters Energy, LP (DWE) across the entire EP 76, 98 and 117 acreage following completion of the previously announced checkerboard process.
The transaction has been unanimously approved by the Board of Directors of Tamboran and Falcon and is expected to close in 1Q 2026, subject to satisfaction of closing conditions, including the approval by Falcon shareholders of the transaction and the approval by Tamboran stockholders of the issuance of the Tamboran NYSE Common Stock.

Source: Tamboran Resources Corporation

Shenandoah South Pilot Project reaches Final Investment Decision

Mon, 29 Sep 2025 23:34:22 GMT

Highlights:

The Beetaloo Joint Venture (BJV) has made a Final Investment Decision (FID) for the Shenandoah South Pilot Project, which is currently on track to commence first gas sales from mid-2026.
The decision by the BJV to take FID follows the execution of key commercial documents with APA Group and the SPCF Trust. This follows the signing of agreements with Native Title Holders, the Northern Land Council and the Northern Territory Government to secure approvals required to commence sales of appraisal gas under the Beneficial Use of Gas (BUG) legislation.
Tamboran and Daly Waters Infrastructure, LP (DWI) have also secured up to A$179.8 million (~US$118 million) via a three-tranche financing facility with a consortium of lenders for the construction of the Sturt Plateau Compression Facility (SPCF).
Tamboran is now in a position to fund its share of the upstream drilling and stimulation of the remaining Pilot Project wells required to reach plateau production and construction of the SPCF, subject to successful completion of the remaining wells, and receiving the US$15 million from DWE for the recent acreage sale and a research and development (R&D) tax incentive payment in respect of eligible expenditure for FY25.
The Pilot Project has been designed to provide long-term production testing of multiple wells that has, alongside additional resource delineation, the potential to sanction a large-scale development to the East Coast gas market.
Tamboran expects to complete the current three well drilling program in early 4Q 2025. This will be followed by the stimulation of the Shenandoah South 4H (SS-4H) well, which is planned to be flow tested over 30-days in early 2026. The remaining three wells are expected to be stimulated in 1H 2026 after the wet season and ahead of commencement of gas sales in mid-2026.

Source: Tamboran Resources Corporation

Beetaloo drilling and planned stimulation update

(Past member) — Mon, 29 Sep 2025 06:28:59 GMT

29 September 2025 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to give an update on current drilling and future planned stimulation in the Beetaloo Sub-basin. Falcon Oil & Gas Australia Limited’s (“Falcon Australia”) joint venture partner Tamboran (B2) Pty Limited (collectively the “BJV partners”) continues the drilling campaign.

Drilling Campaign

The first two wells of the 2025 drilling campaign are drilled and cased, each with a 3,000m horizontal section (10,000-foot). The rig will now rig up on the third and final well to drill the production hole and horizontal section.
The campaign is the first multi-well drilling program implementing batch drilling in the Beetaloo Sub-basin and is currently in line with timeline and budget.
Up to a 60-stage stimulation across the full 3,000m horizontal section of one of the 2025 drilled wells is planned and is expected to be flow tested for 30 days in early 2026 prior to being shut-in ahead of the commencement of gas sales, which are expected to commence in mid-2026.
In Q2 2026, following the wet season, the remaining three wells (which includes the second well of the 2024 drilling campaign) are expected to be stimulated ahead of the commencement of gas sales.
All wells included in the Shenandoah South Pilot Project (“Pilot Project”) are expected to deliver the contracted 40 MMcf/d volume required under the Gas Sales Agreement (“GSA”) with the Northern Territory Government (“NTG”) subject to weather conditions and final stakeholder approvals.
As previously announced, Falcon Australia opted to reduce its participating interest in the three wells drilled in 2025 to 0%, with no cost exposure.

Other recent highlights

The BJV partners agreed terms with Native Title Holders to avoid flaring and received consent to sell appraisal gas from the proposed Pilot Project over a three-year period. Subsequently, the Northern Territory Government approved the sale of appraisal gas under the Beneficial Use of Gas (BUG) Legislation.
The construction of the A$140 million Sturt Plateau Compression Facility (“SPCF”) commenced this month with earthworks and piling completed. Falcon has no cost exposure in the construction of the
Work also commenced this month on the Northern Territory’s first-ever Beetaloo pipeline, with APA Group investing A$70 million to deliver the 37-kilometre Sturt Plateau Pipeline.

Source: Flacon Oil & Gas

Tamboran Resources Corporation: Fourth quarter activities report for period ended June 30, 2025

(Past member) — Fri, 26 Sep 2025 00:44:42 GMT

Highlights

During the quarter, Tamboran delivered record Beetaloo Basin IP30, 60 and 90 flow testing from the Shenandoah South 2H sidetrack (SS-2H ST1) over a 5,483-foot stimulated horizontal within the Mid Velkerri B Shale.
Over the last 30 days of the production test, flow rates from the SS-2H ST1 well increased by ~2% without any downhole intervention and maintaining a 44/64” choke.
In July 2025, Tamboran commenced the largest drilling program in the Beetaloo Basin to date. The program includes three batch drilled wells (SS-4H, -5H and -6H), each with a 10,000-foot horizontal section.
The SS-4H and -5H wells have been successfully drilled to target depth (TD), while the SS-6H well is preparing to commence building the curve and drilling the horizontal section. The program is currently in line with timeline and budget.
Tamboran agreed terms with Native Title Holders to avoid flaring and received consent to sell appraisal gas from the proposed Shenandoah South Pilot Project over a three-year period. Subsequently, the Northern Territory Government (NTG) approved the sale of appraisal gas under the Beneficial Use of Gas (BUG) Legislation.
Tamboran commenced the formal farmout process of the ~400,000-acre Phase 2 Development Area with RBC Capital Markets. Updates will be provided to the market at the appropriate time.
In July 2025, Mr. Dick Stoneburner was appointed interim CEO and will serve as Chair and interim CEO until a new successor is named. This follows former CEO and Managing Director, Mr. Joel Riddle stepping down.
Mr. Scott Sheffield and Mr. Phillip Pace were appointed as Non-Executive Directors of Tamboran. Mr. John Bell Sr. stepped down from Tamboran’s Board of Directors.
As of June 30, 2025, the Company had a cash balance of US$45.2 million, with expected future receivables of ~US$26 million from proceeds from Tranche 2 of PIPE Transaction and DWE acreage sale.

Source : Tamboran Resources Corporation

View 4Q Activity Report

View 4Q FY25 Result Presentation

Full steam ahead: Beetaloo pipeline construction begins

(Past member) — Wed, 24 Sep 2025 23:13:58 GMT

The Territory’s energy future takes a major step forward, as the Finocchiaro CLP Government signs off on the Sturt Plateau Pipeline – the first to carry gas directly from the Beetaloo Sub-basin.

Acting Chief Minister and Minister for Mining and Energy, Gerard Maley, said the approvals demonstrate the Government’s commitment to delivering its year of action, certainty and security.

“Earlier this month, we announced the granting of the pipeline licence for the SPP, and approval for Tamboran to begin work on its $140 million Sturt Plateau Compression Facility (SPCF).

“Today we’re laying down the pipelines that will rebuild the economy, create more than 200 jobs, and strengthen energy supply for Territorians,” Mr Maley said.

“It’s full steam ahead for APA Group, which has already invested $2.25 million into local businesses and contractors engaged in works.”

The APA Group will fully own and operate the Sturt Plateau Pipeline, which is expected to be completed in early 2026.

The 12-inch diameter pipeline will transport up to 40 terajoules of gas per day from Tamboran’s Pilot Project, powering Territory homes and businesses from mid-2026. The pipeline will be located in the Roper Gulf Region, about 50 km south of Daly Waters, and has an expected operational life of around 40 years.

Looking ahead, APA is planning for the SPP to carry additional volumes to the east coast, while also progressing early works on the proposed North to East Australia Pipeline.

Together, these projects would enable large-scale commercial gas development in the Beetaloo to directly supply both domestic and export markets.

APA Group welcomed the approvals, CEO and Managing Director Adam Watson said:

“This pipeline is a critical first step in developing the Beetaloo Basin and strengthening energy security, transporting gas to power generation assets in Darwin via APA’s existing Amadeus Gas Pipeline.

“The project will generate about 150 jobs during peak construction over the next year. It also lays the foundation for future development, with the potential to deliver Beetaloo gas at scale to support Territory growth, east coast energy security, and global decarbonisation.”

Source: Northern Territory Government Newsroom

Northern Endeavour on its way to its final resting place

(Past member) — Wed, 24 Sep 2025 05:37:54 GMT

The Northern Endeavour floating production, storage and offloading (FPSO) vessel is finally on its way from the Timor Sea, ENB can exclusively reveal this evening.

The vessel - a shadow of the former gleaming facility it once was - is now enroute to Singapore before it will go on to Denmark where it will be dismantled and recycled.

The news brings to an end the long running saga of the dilapidated vessel which for the last five years has been something of an albatross around the neck of the government after it fell in to their hands when its last owner went into liquidation.

As reported, last week the final one of its nine anchor chains were cut. Now two tug boats – the Skandi Emerald and the Normand Sirius - are starting the 18-day journey to a dry dock in Singapore where it will undergo some repairs and given a repaint.

After that it will be loaded on to Cosco's Hua Rui Long for its final journey to Modern American Recycling Services (MARS)'s shipyard in Denmark where it will be dismantled and recycled.

However, the Maritime Union of Australia has launched a last-ditch attempt to stop the Northern Endeavour floating production, storage and offloading (FPSO) vessel being sent overseas for its decommissioning.

The union says the government needs to close loopholes that have allowed offshore oil facilities to be exported for dismantling overseas without the hazardous waste permits normally required.

"Australia is a global citizen and has international obligations under the Basel Convention, yet we run no permit system on the disposal of FPSOs. We are sending hazardous waste offshore under a legal vacuum and missing the chance to build local industry capacity," said MUA assistant national secretary Thomas Mayo.

"FPSOs contain toxic materials that must be responsibly dealt with as we do in Australia. When they are sent overseas without proper permits, foreign workers and communities are left to face the health and environmental risks.

"At the same time, Australia loses the opportunity to develop a safe and skilled decommissioning industry at home. Closing the loophole would mean these vessels are dismantled responsibly, protecting people and the environment while creating local jobs and economic opportunities," Mayo added.

The MUA says in order to allow the Northern Endeavour to be recycled abroad, the Commonwealth has invoked the OECD Control System for the first time in relation to an FPSO.

This follows the Ningaloo Vision, which was sent to Indonesia last month with no permit whatsoever. The MUA believe others may have also been exported under this permitting gap and says there are more in the pipeline.

The MUA has officially called for the Northern Endeavour to be prevented from leaving the Timor Sea until the permitting requirements are met, explain why FPSOs have been allowed to leave without checks and balances, and amend the Hazardous Waste Act to close the loophole and bring FPSOs within Australia's permitting framework.

A spokesperson for the resources minister Madeleine King told ENB the Department of Industry, Science & Resources is satisfied that the MARS proposal will comply with international conventions and agreements, including the Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and their Disposal.

"The Australian Government is committed to protecting the marine environment, ensuring the safety of offshore resources sector workers, and complying with all legal requirements and international treaties as part of our efforts to decommission the Northern Endeavour FPSO.

"There will be ongoing opportunities for domestic industry involvement in the Northern Endeavour decommissioning program. The Government will be releasing procurement opportunities for future decommissioning phases on AusTender.

"The Australian Government is committed to supporting the growth of a decommissioning industry in Australia and supporting the creation of new jobs in Australia's decommissioning industry."

Source: Energy News Bulletin

$1.5B trade ties on show as NT heads to World Expo 2025 Osaka

(Past member) — Tue, 23 Sep 2025 00:22:03 GMT

As part of the Finocchiaro CLP Government’s year of action, certainty and security, the Northern Territory will be showcased on the global stage at World Expo 2025 Osaka this week. The event is expected to attract more than 28 million visitors from 150 countries.

Japan is the Territory’s largest trading partner, with exports worth more than $1.5 billion annually, and the Expo offers a powerful platform to strengthen this relationship while opening new pathways for Territory businesses.

Minister for Trade, Business and Asian Relations, Robyn Cahill, will lead a 20-member Territory delegation from 18 organisations across industries including hospitality, agriculture, art and culture, energy, digital and AI.

“This isn’t just about showcasing the Territory – it’s about securing trade deals, opening new markets, and attracting investment that creates jobs for Territorians,” Ms Cahill said.

In the Australia Pavilion, the NT will showcase its world-class produce, including Humpty Doo saltwater barramundi, Hewitt Foods beef, Rum Jungle buffalo, Austral prawns, Greenview Farm melons and Territory gin from Darwin Distilling.

Cultural highlights will feature artwork from Merrepen Arts Centre and Marrawuddi Arts and Culture, supported by the Darwin Aboriginal Art Fair Foundation, along with a performance by Arnhem Land Songman and ceremony leader Ngulmiya.

The Northern Territory Government will also host a signature energy event in the Pavilion: Australia’s Northern Territory – Globally Significant Gas Resources Set to Drive Cleaner Energy Production.

The event will include a keynote from Mr Tetsu Murayama, Managing Director and Country Chair Australia, INPEX, and a panel discussion with:

Mr Dick Stoneburner, Chair and Interim CEO, Tamboran
Mr Peter Cleary, Chairman / Non-Executive Director, Beetaloo Energy Australia
Mr Sean Pitt, EVP – Marketing, Trading & Shipping, Santos

“On and offshore gas is important, and we are working with industry to increase their local workforce and minimise their reliance on FIFO,” Ms Cahill said.

The session will highlight downstream value-adding opportunities and position the NT as a leader in Asia’s clean-energy transition.

The delegation will promote local businesses and Indigenous enterprises, helping them access international markets and attract investment that supports Territory jobs and regional communities.

“Every Territory business we showcase is another opportunity to grow exports, create jobs and strengthen our economy. This delegation ensures Territorians benefit directly from global trade opportunities.

"While in Japan, I'll also be pursuing high-level meetings with Japanese partners to strengthen ties in clean energy, mining, resources and digital technology,” said Ms Cahill.

The estimated costs for the Minister and one staff member are approximately $19,000 with final costs to be reported after the trip in line with standard reporting processes.

Source: Northern Territory Government Newsroom

Santos : Barossa LNG FPSO receives first gas following RFSU

(Past member) — Sun, 21 Sep 2025 23:55:38 GMT

Santos announces that the BW Opal FPSO (floating production, storage and offloading vessel) has successfully received first gas into the facility to commence production operations. This follows the BW Opal achieving ready for start-up status on 16 September 2025, and the commencement of flow from the subsea wells. This is a major milestone for Santos and its Barossa joint venture partners, PRISM Energy Australia1 and JERA Australia, in delivering the Barossa LNG project.

Santos is also pleased to report that all six wells drilled in the Barossa gas field have intersected excellent reservoir quality. Testing has been completed on five of the six wells, demonstrating outstanding flow capacity that exceeds pre-drill estimates, with expected average potential well deliverability of around 300 million standard cubic feet per day. This success underscores the robust capacity of the Barossa field to sustain long-term production.

Further, the Northern Territory Environment Protection Authority has renewed the Environment Protection Licence for Darwin LNG, commencing 19 September 2025. This paves the way for first gas into, and start-up of, the Darwin LNG plant.

“First gas into the FPSO is an important step for the project and a credit to the hard work of our people and support from our partners. It puts us on track to deliver reliable energy to our customers and longterm value to our shareholders from Barossa LNG,” said Mr Gallagher.

The BW Opal is among the largest and most technically advanced FPSOs ever built, featuring a 358-metre hull and accommodation for up to 140 personnel. It has gas handling capacity of 850 million standard cubic feet per day and condensate handling capacity of 11,000 barrels per day. Industryleading combined-cycle power generation, incorporating waste heat recovery and steam turbine technology, was used to maximise energy efficiency and is expected to reduce non-reservoir emissions by more than 50 percent (over 0.75 million tonnes of CO2e per year) compared to the Offshore Project Proposal accepted by the regulator NOPSEMA.

With RFSU of the BW Opal, Santos will recognise a lease liability of ~US$665 million and a right-of-use asset value of ~US$1.4 billion comprising the lease liability, FPSO pre-payment and other direct costs. The impact of the operating lease liability is expected to increase gearing ~2.4 percentage points2.

Source : Barossa LNG FPSO receives first gas following RFSU

NT EPA decision on renewal of Darwin LNG licence

(Past member) — Thu, 18 Sep 2025 22:48:47 GMT

The Northern Territory Environment Protection Authority (NT EPA) met to consider an application from Santos NA Darwin Pipeline Pty Ltd (Santos) to renew Environment Protection Licence 217-04 under the Waste Management and Pollution Control Act 1998 for the Darwin LNG facility, located at Wickham Point.

The NT EPA decided to amend and renew the licence for a 5-year period. In reviewing the licence renewal application, the NT EPA considered the need to improve oversight of fugitive emissions management, community engagement and transparency. The licence renewal includes new conditions that require Santos to:

prevent and manage fugitive methane emissions to a level that is as low as reasonably practicable (ALARP) and acceptable to the NT EPA
implement a leak detection and repair (LDAR) program to reduce fugitive emissions from the facility
monitor fugitive methane emissions from the Darwin LNG storage tank annually
report to the NT EPA on the results of the LDAR program in the Annual Environmental Monitoring Report; and
establish a Community Consultative Committee to better facilitate sharing of information with the community and other stakeholders and to ensure timely and open communication on matters of interest to the community about the facility and its operations.

The NT EPA Chairperson, Dr Paul Vogel AM, did not participate in the discussion and decision on the licence renewal.

To view the licence go to Santos NA Darwin Pipeline Pty Ltd | NTEPA

Santos : XRG Consortium Withdraws Indicative Proposal

(Past member) — Wed, 17 Sep 2025 22:53:49 GMT

Santos Limited (ASX: STO) (Santos) refers to the non-binding, indicative proposal (Indicative Proposal) announced on 16 June 2025 from a consortium led by XRG P.J.S.C., a subsidiary of Abu Dhabi National Oil Company and including Abu Dhabi Development Holding Company and Carlyle (the XRG Consortium), to acquire 100% of the issued shares of Santos via a cash scheme of arrangement (Potential Transaction).

On 25 August 2025 Santos agreed to a second extension of the Process and Exclusivity Deed (Process Deed) to enable the finalisation of the Scheme Implementation Agreement (SIA) and for the XRG Consortium to obtain all necessary approvals to enter into a binding transaction. The XRG Consortium confirmed that it had not found anything in due diligence that would lead it to withdraw its Indicative Proposal.

On 15 September 2025 the Santos Board advised the XRG Consortium that Santos expected to enter into an SIA at the agreed offer price of US$5.626 if a binding proposal was received from the XRG Consortium on acceptable terms on or prior to 19 September 2025. In response the XRG Consortium notified the Santos Board yesterday evening of its decision to withdraw its Indicative Proposal and not proceed with the Potential Transaction.

In that notification, the XRG Consortium confirmed that it maintains a positive view of the Santos business and has respect for the management team. The Santos Board had expressed its concern to the XRG Consortium about delays in agreeing the SIA. The XRG Consortium would not agree to acceptable terms which protected the value of the Potential Transaction for Santos shareholders, having regard to the likely extended timeframe to completion and the regulatory risk associated with the transaction. Further, the XRG Consortium would not agree to an appropriate allocation of risk between the XRG Consortium and Santos shareholders under the SIA. This included the obligation of the XRG Consortium to secure regulatory approvals and the provision of a reasonable commitment to the development and supply of domestic gas.

Santos continues to successfully execute its clear strategy to deliver superior shareholder value, with our base business generating strong, stable cash flows underpinned by our disciplined low-cost operating model. Our two major development projects, Barossa and Pikka phase 1, are well advanced and materially de-risked through our proven self-execute capability, positioning Santos for around a 30 per cent increase in production by 2027.

This ASX announcement was approved and authorised for release by The Board of Santos.

Read full announcement here: ASX/Media Release - XRG Consortium Withdraws.

CLP Government expands training partnerships with Timor-Leste

(Past member) — Mon, 15 Sep 2025 02:30:02 GMT

The Finocchiaro CLP Government is strengthening international training ties, with Minister for Education and Training Jo Hersey set to visit Timor-Leste this week, to expand Vocational Education and Training (VET) partnerships.

As part of the CLP Government’s Rebuilding the Economy Strategy, the visit will advance joint workforce development initiatives, promote Territory business and skills expertise, and identify opportunities for NT providers in VET and PALM-aligned training services.

Minister Hersey will attend and speak at the second Timor-Leste International Skills Week, meet senior Timor-Leste officials, and visit key institutions, including:

Saint Anthony’s International School, Dili – Sister School with Good Shepherd Lutheran College and Ngaatjatjarra College.
CDU Aged Care Training Centre, Dili – Delivering Certificate III in Individual Support, and
Pro-Ema Restaurant School, Dili – A charity supporting vulnerable girls and young women through education and training.

The trip builds on Minister for Trade, business and Asian Relations, Robyn Cahill’s recent trip, which launched the Empowerment Through Energy Program and a new crocodile management initiative.

“The Northern Territory is proud to support Timor-Leste through joint training initiatives, institutional partnerships, and the exchange of knowledge and expertise,” Minister Hersey said.

“The work we are doing together in this year of action, certainty and security - particularly in vocational training - strengthens not only our economies, but also the friendship between our people.”

“Our partnership is about building a long-term framework of cooperation in skills, workforce development and economic opportunity that will benefit both our nations.”

The estimated cost for the Minister and one advisor is approximately $6,000. Final costs will be reported following the trip in line with standard reporting processes.

Source: Northern Territory Government Newsroom

Chief Minister secures new Strategic Agreement with INPEX in Tokyo

(Past member) — Thu, 11 Sep 2025 22:57:25 GMT

Chief Minister Lia Finocchiaro has signed a historic Strategic Agreement with INPEX Corporation Director, Senior Executive Vice President, General Administration and Oceania Projects Head of Overseas Projects, Hitoshi Okawa, advancing the Northern Territory’s economic and strategic future.

The agreement was signed during the Chief Minister’s first overseas mission to Tokyo, reinforcing the Territory’s role as Japan’s most reliable energy partner.

“Approximately ten percent of Japan’s annual LNG needs are supplied from Darwin, making us not only economic partners, but strategic ones,” Chief Minister Lia Finocchiaro said.

“This Strategic Agreement with INPEX aligns with moves by Australia and Japan to strengthen our mutual economic, energy and security ties.

“In a mark of respect to our largest trading partner, my first overseas visit as Chief Minister has been to Tokyo, signalling the next era of Japanese investment and cooperation in the Territory.

“This agreement also formalises support for the exploration of INPEX’s decarbonisation journey with Carbon Capture and its broader renewable energy footprint which translates to real investment in the Territory.”

The new Strategic Agreement builds on this legacy, formalising shared priorities to:

Boost Japanese investment into the Northern Territory.
Expand skills and training for Territorians.
Maximise service and supply opportunities for local businesses.
Secure energy reliability for both the NT and Japan.
Deliver on the path to net zero by 2050.

The Chief Minister and Mr Okawa also established an inaugural Coordination Committee to provide joint oversight and drive implementation of deliverables within the strategic agreement, with the first meeting set to take place in Darwin next month.

“I look forward to the Coordination Committee working through next steps to deliver value to Territorians,” Mrs Finocchiaro said.

Mr Hitoshi Okawa said the signing of the Strategic Agreement to Advance our Shared Interests will help underpin INPEX’s vision for creating sustainable long-term value in Australia.

“With the heart of our global business in Darwin, as operator of Ichthys LNG and the Bonaparte CCS assessment project, INPEX is proud to contribute to positive outcomes in the Territory through jobs, training, social and economic benefits”.

“We look forward to continuing working together with the Northern Territory Government to realise our shared multi-decade Strategic Agreement”. 

Chief Minister Lia Finocchiaro will return to Australia tomorrow after visiting Tokyo since Tuesday evening.

The estimated cost of the trip for the Chief Minister and her Chief of Staff is $17,000, with final costs to be published on the Department of the Chief Minister and Cabinet website in line with government requirements.

Source: Northern Territory Government Newsroom

Carpentaria-5H Operations Update

(Past member) — Mon, 08 Sep 2025 02:02:34 GMT

Since successfully stimulating Carpentaria-5H with 67 stages across a 2,955 metre lateral length of the wellbore in July 2025, Beetaloo Energy has been focused on cleaning up the well in preparation for the IP30 flow test
During the clean-up phase, flowback has been conservatively managed to prioritise production of pumped water while maintaining the quality of the fracture network that has been established for long-term gas productivity
Beetaloo Energy has focused on returning pumped water to surface while cleaning up to optimise gas production over the life of the well
Beetaloo Energy has observed substantial associated gas flows during this clean up period (see gas flare image below) and gas flows have continued to increase during this period
The well has now been shut in for a period of ‘soaking’ prior to commencement of IP30 flow testing
IP30 flow test results are expected to be announced in October 2025

Source: News & Media from Beetaloo Energy

Tamboran Secures Northern Territory Government Approval for Beneficial Use of Gas From SS Pilot Project

(Past member) — Fri, 05 Sep 2025 01:10:55 GMT

Highlights

Tamboran Resources Corporation has received approval from the Northern Territory Government (NTG) to sell appraisal gas from its exploration permits in the Beetaloo Basin under the Beneficial Use of Gas (BUG) legislation.
This is the first approval granted by the NTG through the new BUG legislation and follows the recent consent from Native Title Holders for the sale of up to 60 TJ per day from the Shenandoah South (SS) Pilot Project over a three-year period.
The Beetaloo Joint Venture (BJV) now holds all necessary approvals to sell gas from the SS Pilot Project. The project aims to begin gas sales of up to 40 TJ per day to the NTG under a binding Gas Sales Agreement (GSA) commencing in mid-2026, subject to weather conditions.
Drilling of the three remaining wells required for plateau production for delivery into the GSA is progressing, with the intermediate section completed on all three wells. Tamboran is currently drilling the horizontal section in the Mid Velkerri B Shale at the SS-5H well.
Stimulation of the SS-4H well is planned for 4Q 2025, followed by a 30-day flow test before being connected to the Sturt Plateau Compression Facility (SPCF) for gas sales to the NTG.

NEW YORK--(BUSINESS WIRE)-- Tamboran Resources Corporation (NYSE: TBN, ASX: TBN)

Tamboran Resources Corporation Chairman and Interim CEO, Richard Stoneburner, said:

“The BJV has secured an important milestone, being the first joint venture to secure NTG approval to sell gas under the BUG legislation. This approval will allow the BJV to sell gas to the NTG under a long-term GSA, delivering energy security to Territorians.

“The BUG legislation has been a significant initiative undertaken by the Government, which allows for gas volumes to be sold into the market during the exploration and appraisal phase of the project life. Gas that would have historically been flared on site will now be delivered into the local Northern Territory gas market, delivering much needed energy security to the market that is predominantly powered by gas. It will also deliver accelerated royalties to the NTG and Native Title Holders.

“We thank the NTG and Native Title Holders for their support in securing such a historic milestone and we look forward to continuing to work alongside these key stakeholders as we unlock the potential of the Beetaloo Basin.”

Source:Tamboran Resources Corporation

Electricity Market reforms secure bright future for Territorians

(Past member) — Thu, 04 Sep 2025 01:01:14 GMT

The Finocchiaro CLP Government has introduced landmark reforms to the Northern Territory’s electricity market and system to deliver system security and reliability at lowest cost, and to encourage the investment needed to rebuild the Territory’s economy.

After consecutive blackouts last week and today, these reforms are critical to delivering a stable, modern, and future-ready electricity system for Territorians.

The NT Electricity System and Market Operator (NTESMO) Bill 2025 and Electricity Legislation Amendment (Market Reform) Bill 2025 will establish NTESMO as an independent system controller and market operator, introduce centralised planning and procurement powers and processes, and deliver a clear framework of electricity market rules in line with industry best practice.

Minister for Mining, Energy and Renewables Gerard Maley said the much-needed reforms will maximise purchasing power, put downward pressure on system costs and facilitate a more stable and reliable electricity system, future-proofed for Territorians.

“Last week we saw a mass power failure because of a lack of investment into our generators and other electrical assets, which are reaching the end of their life. This is a stark reminder that our current ageing energy infrastructure is no longer fit for purpose,” Minister Maley said.

“Our Government is proactively fixing another legacy problem to keep the lights on through contemporary reforms and address our neglected, unreliable energy system.”

The legislation removes unnecessary red tape for investors and introduces a contemporary and fair energy framework for Territorians, with a strong focus on energy affordability.

Minister Maley said the reforms represent a significant overhaul of the Electricity Reform Act 2000, providing a future-proofed and streamlined approach tailored to the Territory’s unique circumstances.

“We want to have a clear, whole-of-system electricity investment plan, de-risking investment, promoting industry confidence and optimising costs through centralisation and strengthened governance measures. This will provide commercial certainty for electricity project proponents and benefit Territorians for generations to come,” he said.

The reforms also consider consumer energy patterns across the Territory, including the increasing uptake of solar and the vital role of gas, while removing barriers for emerging technologies.

“These reforms are not just technical changes. They are the foundation of a modern electricity system for Darwin, Katherine, Tennant Creek and Alice Springs, restoring confidence in our infrastructure for Territorians,” Minister Maley said.

“The changes complement our natural advantages in gas and solar as part of the Territory’s energy mix — underpinning reliability and securing the Territory’s economic future.”

Source: Northern Territory Government Newsroom

Approval secured for Project Caymus

(Past member) — Thu, 04 Sep 2025 00:56:32 GMT

In 2022, Crowley Australia began construction on 11 tanks for the storage of fuel.

It was under the former Labor Government that the fuel tanks were allowed to be built without a building permit - a reckless failure of oversight that put our community’s confidence in the process at risk.

As Minister for Lands, Planning and Environment, I ordered this matter be properly investigated to make sure Territorians could have confidence that the tanks would not cause irreparable damage to our environment.

Since then, Crowley Australia has returned a signed compliance statement from an independent structural engineer stating that the facility meets the National Construction Code and relevant Australian Standards.

NT Fire and Rescue Service has reviewed the engineering reports submitted by Crowley’s fire safety engineer and is satisfied that all national construction codes are met.

Today, I made a declaration under the Building Act that occupancy certification is not required for the fuel facility. The current legislation does not allow for a Building Permit to be issued retrospectively.

This decision follows the review of reports provided by Crowley’s independent structural engineer and an assessment by the Northern Territory Environment Protection Authority.

Crowley Australia has obtained full environmental approval and demonstrated that the bunds surrounding the tanks have the capacity to contain all of the fuel in the tanks. The independent structural engineer has confirmed that the tanks are constructed to withstand winds equivalent to a Category 4 cyclone under the Bureau of Meteorology’s cyclone categories.

The project represents an important investment in the Northern Territory and will form a critical asset within the Northern Australia Defence Hub, supporting future economic growth and strategic capability.

Source: Northern Territory Government Newsroom

APA Group Finalises Indigenous Land Use Agreement for Sturt Plateau Pipeline

(Past member) — Wed, 03 Sep 2025 01:09:24 GMT

APA announces the registration of an Indigenous Land Use Agreement (ILUA) with Traditional Owners for the Sturt Plateau Pipeline (SPP) in the Northern Territory.

Facilitated by the Northern Land Council (NLC), in accordance with its statutory functions, this milestone closes out the necessary Traditional Owner consents required to move forward with the project, complementing the separate and existing agreement in place between Traditional Owners and APA’s customer for the SPP, Tamboran Resources.

APA’s ILUA establishes a clear framework for engagement with Traditional Owners as APA progresses the SPP, setting out arrangements addressing social, economic, and environmental considerations and ensuring structured and ongoing collaboration with relevant Traditional Owners throughout the life of the project.

APA CEO and Managing Director Adam Watson said the agreement underlines APA’s ongoing commitment to strong engagement with Traditional Owners as it progresses the SPP project.

"The Sturt Plateau Pipeline is the crucial first-stage link to enable Beetaloo gas to reach power generation assets that keep the lights on across the Northern Territory and this agreement provides the required consent from Traditional Owners to progress this important project.

“The registration of this ILUA provides a strong foundation for the Sturt Plateau Pipeline to proceed in close partnership with Traditional Owners, ensuring the project is delivered safely and responsibly. This is a critical milestone as we work to maintain positive and lasting relationships with Traditional Owners and builds on the agreement already in place with APA’s customer."

The SPP is a 37-kilometre pipeline that will connect Tamboran’s Shenandoah South Pilot Project in the Beetaloo Basin to APA’s Amadeus Gas Pipeline (AGP). The new infrastructure will ensure Beetaloo gas is available to support power generation in the Northern Territory from 2026.

The project has received a pipeline licence from the Northern Territory Government. Construction is scheduled to commence September 2025, with the estimated ~$66.5 million project to be completed in early 2026.

APA will continue to engage closely with Traditional Owners, landholders, and other stakeholders as the project advances.

Source: APA Group

Northern Endeavour readies for last voyage

(Past member) — Wed, 03 Sep 2025 01:03:21 GMT

The derelict Northern Endeavour floating production storage and offloading (FPSO) vessel is just days away from its final departure from the Laminaria-Corallina field to be towed to Singapore, ENB can exclusively reveal today.

According to anonymous sources close to the project, the FPSO is currently due to start its 18-day tow to Singapore on 22 September.

The revelations come as teams working on the project work to sever the vessel from its nine subsea anchors, which have tied it to the seabed for more than twenty years.

Work to disconnect the vessel from the nine wells to which it was attached was completed in April.

The vessel's departure from the fields - about 550km west-north-west of Darwin and 160km south of Timor – will mark the end of phase one of the decommissioning program.

That will enable phase two – the decommissioning of the seabed– to start, a process which is being overseen by Kent, as reported by ENB last month.

Source: Energy News Bulletin

CLP cuts red tape with procurement reforms

(Past member) — Tue, 02 Sep 2025 02:00:26 GMT

Cutting red tape, speeding up contracts, and putting local businesses first - the Finocchiaro CLP Government is modernising procurement to make it easier than ever to do business in the Territory.

Minister for Trade, Business and Asian Relations, Robyn Cahill said the changes are designed to cut unnecessary red tape, make procurement more effective for all stakeholders, and drive productivity and economic growth.

“Under our Rebuilding the Economy Strategy, we want to make the Territory the best place in the nation to live, work, visit and invest,” said Ms Cahill.

“These reforms are about streamlining processes and removing unnecessary barriers so businesses and government can get on with the job more quickly.”

“As part of our year of action, certainty and security, we are committed to delivering programs and policies that strengthen local business participation, rebuild the economy and drive growth.”

“Doing business with the government is changing from 1 October, and I encourage Territory businesses to attend an information session in their region to learn more about the procurement reforms.”

From 1 October 2025, the Northen Territory Government will implement changes to purchasing tiers.

Tier 1 will increase from $15,000 to $50,000
Tier 2 will increase from $100,000 to $200,000

Direct purchasing from Territory enterprises will be streamlined under the new Tier 1 and 2 thresholds for low risk, readily available and commonly used goods and services.

The simplified rules will remove administrative hurdles, reduce delays, and enhance efficiency for purchases such as milk, office chairs or one-off cleaning services.

Other key reforms include the establishment of a Territory Procurement Champion to support local businesses, handle procurement complaints at arm’s length, and work with government to deliver more local procurement outcomes. Work is already underway to appoint the Territory Procurement Champion.

A Procurement Reform Roadshow will be rolled out across all regions in September, giving Territory businesses the opportunity to attend free information sessions and learn more about the changes.

The reforms will be progressively implemented across 2025 and 2026.

To find out more about the procurement reforms or to register for an information session in your region visit nt.gov.au/procurement

Source: Northern Territory Government Newsroom

From dream to reality: Beetaloo unlocked

(Past member) — Mon, 01 Sep 2025 00:26:14 GMT

The Finocchiaro CLP Government is unlocking the full potential of the Beetaloo Sub-basin, approving two game-changing infrastructure projects worth $210 million that will fuel economic growth, create more than 200 jobs, and deliver long-term prosperity for Territorians.

Work begins this month on the Territory’s first-ever Beetaloo pipeline, with APA Group investing $70 million to deliver the 37-kilometre Sturt Plateau Pipeline, connecting Tamboran Resources’ Shenandoah South Project to the Amadeus Gas Pipeline.

Separately, Tamboran has secured approval from Traditional Owners, the Northern Land Council and the NT Government to recover appraisal gas for sale from Exploration Permit 98, paving the way for construction of the $140 million Sturt Plateau Compression Facility. Together, these projects establish the first clear pathway to market for Beetaloo gas - unlocking royalties, powering Territory homes and businesses, and cementing the NT’s place as an energy powerhouse.

Chief Minister Lia Finocchiaro said the investment marks a turning point for the Territory’s economy. Minister for Mining and Energy Gerard Maley said the approvals prove the NT is ready to lead on energy, creating real opportunities for Territorians and positioning the NT as a world-class energy hub.

This week, the Department of Mining and Energy will host Northern Australia’s premier mining industry conference as part of NT Resources Week, 3-4 September in Darwin. Key themes include navigating global trade dynamics, insights into the gold and critical minerals sectors, updates from major mines, new exploration initiatives in Tennant Creek and Barkly, company updates from leading exploration firms, and regional infrastructure projects. Tamboran Resources Chair and Interim CEO, Dick Stoneburner, will also provide an update on Tamboran’s development milestones.

Source: Northern Territory Government Newsroom

Keeping the lights on: Boosting economic growth in Borroloola

(Past member) — Sun, 31 Aug 2025 04:33:44 GMT

The Finocchiaro CLP Government is investing in remote communities, with a planned $4.14 million upgrade to the Borroloola Power Station to strengthen economic growth in the region.

The Borroloola Power Station has an existing power supply of 1.8 megawatts, supported by three 1MVA step-up transformers.

With several electricity connection requests, including one for the Borroloola Health Clinic and another for Jirrbilyi Borroloola Central, a new commercial multi-use precinct, demand for power in the community is expected to rise by 58 per cent.

Minister for Essential Services Steve Edgington said the power upgrade was part of the CLP government’s commitment to working with Aboriginal communities and partnering with local businesses, organisations and the Australian government to create economic resilience and foster development in the region.

“This is an important investment that will increase the reliability and efficiency of power supply, and rebuild economic development in the community,” he said.

“We are ensuring Borroloola has the services and critical enabling infrastructure it needs to grow and improve the lives of locals.”

The CLP Government has committed $20 million to construct the Borroloola Health Centre and recently opened the $11.7 million Borroloola Sports and Cyclone Shelter.

Jointly funded by the NT Government and the McArthur River Mine Community Benefits Trust (MRMCBT), the dual-purpose facility saw $9.8 million delivered through a grant to the Roper Gulf Regional Council (RGRC), with MRMCBT contributing a further $1.5 million and RGRC $400,000.

The MRMCBT and Australian government will invest $23 million toward the multi-use development Jirrbilyi Borroloola Central.

The project will include three commercial tenancies, 6 retail tenancies, a renal dialysis clinic, child and family centre, youth centre, Northern Territory Government service hub, and other important services including a pharmacy.

“Borroloola is a strong and growing community, and we are committed to delivering more services,” Mr Edgington said.

“Whether it’s a health clinic or a multi-purpose service centre, the community will need more power, so investing in an upgrade to the power station is vital.

“In our year of action, certainty and security it’s all part of our plan to rebuild the economy by working with businesses and industry to expand the access to services that will improve the lives of Territorians.”

The delivery of the upgrade to Borroloola Power Station by Power and Water will include:

· A new fourth generator (1 MW)

· Expanded fuel storage

· Upgraded transformers and switchgear

Power and Water will work with Territory contractors on the upgrade, and with local health services and businesses to ensure Borroloola’s future energy needs are met.

Mr Edgington said these enhancements will increase the station’s capacity and enable new customers to connect to the network.

“This investment ensures families, households, local groups, businesses and health services will continue to have the reliable power they need,” he said.

The Borroloola Power Station upgrade is expected to be completed in September 2026.

Source: Northern Territory Government Newsroom

CLP backing business to turn ideas into action

(Past member) — Sat, 30 Aug 2025 04:31:47 GMT

As part of our year of action, certainty and security, the Finocchiaro CLP Government is backing the Territory’s next wave of entrepreneurs with Startup September 2025.

Speaking at the launch in Darwin, Minister for Trade, Business and Asian Relations Robyn Cahill said Startup September offers early-stage businesses a series of practical workshops delivered by subject matter experts who will guide participants on getting their business started.

“Startup September is about turning Territory ideas into action. As part of our plan to rebuild the economy, the CLP is supporting Territorians with the drive and ideas to turn them into thriving businesses.” said Ms Cahill.

“Our goal is simple – make the Territory the best place in the nation to live, work, visit and invest.”

“Under our Rebuilding the Economy Strategy, through events like Startup September, we continue to show that the Northern Territory is open for business,” said Ms Cahill.

The event, held in partnership with the Business Enterprise Centre NT (BECNT), kicked off with a feature showcase of 15 NT businesses. Showcase businesses span the NT, from Darwin to Katherine to Alice Springs, representing innovation across tourism, fashion, tech, food and beverage, Indigenous arts, and social enterprise.

A short pitch competition featuring three early-stage entrepreneurs was also held, with the winner receiving a startup package including a free business website, CRM and accounting software, and branding support

Throughout the month, the program will highlight support from the CLP Government, including programs such as the Business Growth Program, Flexible Skills and Training Response Program, and provide workshops delivered by subject matter experts as well as free business mentoring for startups.

Businesses can also access support from the government’s Territory Business Advisors, who provide practical, tailored advice that helps businesses start, grow, adapt and succeed.

Now in its fourth year, Startup September has so far supported more than 300 Territorians start their business.

The launch of Startup September coincides with the Business Enterprise Centre NT celebrating 25 years of supporting small businesses in the Territory.

BECNT General Manager Niall Richardson said, “Startup September is about giving Territory entrepreneurs the support, skills, and belief to turn their ideas into real businesses.

“We’re thrilled to be launching this year’s program with such a vibrant showcase of NT talent — and to be celebrating 25 years of BECNT alongside the very community we serve. We thank the Northern Territory Government for their ongoing partnership and look forward to the next 25 years of growing Territory businesses.”

Businesses can connect with their local Territory Business Advisor by phone 1800 193 111 or email businessinfo@nt.gov.au

Source: Northern Territory Government Newsroom

Full 2025 October Business Month Program Launched

Tue, 26 Aug 2025 01:57:39 GMT

The Finocchiaro CLP Government is powering ahead in its year of action, certainty and security, unveiling the full line-up for October Business Month (OBM) today.

Minister for Trade, Business and Asian Relations Robyn Cahill said more than 70 event partners will hold over 200 events across the Territory during October.

"OBM was first introduced by the CLP 30 years ago - backing local business is in our DNA.

“OBM is equipping Territory businesses with the tools to succeed—supporting growth, jobs and the rebuilding of our economy,” said Ms Cahill.

This year’s theme Play to Our Strengths will focus on digitalisation, using AI to implement technology; workforce attraction and talent retention; and resilience in business.

Some OBM highlights:

The Business Support Showcase, in Alice Springs, brings together service providers from the Australian Government, Northern Territory Government, and a range of non-government organisations to share practical tools, resources, and advice to help Territorians grow their business.
OBM Platinum Sponsor NAB will bring economist Tapas Strickland, Head of Market Economics at NAB, to Darwin and Alice Springs to provide an update on the Territory’s economy.
Other feature events include the first Darwin Rural Business Connect networking event, in Humpty Doo, hosted by AusIndustry and the Business Futures Forum – an event designed to shape the Future of Business in Palmerston.

There are a wide range of events on offer, both in-person and online, for businesses to upskill, reskill and network. Topics covered include cyber security, AI, growth and scale, financial literacy, talent assessment and retention, workplace wellness and mental health, digital marketing, public speaking and strategies for business success.

Three new Territory success stories have been added to the line up including Brook Summers, Studio B Designs and Art by Brooke; Doug McBean, North Horizon Heli Adventures and Crystal Pollitt, Bark n’ Bath.

All of our Territory success stories will be showcased at keynote events and also include Anneliese Grazioli, Dan Richards, Vicki-Leigh Lettice, Anita Synnott, Paul Graham and Laura-Jane (LJ) Devlin.

Tickets are still available to all OBM keynote events, this year’s line-up includes two of Australia’s leading entrepreneurs:

Carolyn Creswell – inspirational leader, founder and CEO of Australia’s favourite muesli brand, Carman’s Kitchen.
Simon Griffiths - social entrepreneur, co-Founder and CEO of the eco-friendly toilet paper brand, Who Gives A Crap.

Book now at obm.nt.gov.au

Source: Northern Territory Government Newsroom

STO: Santos reports strong first-half results with Barossa and Pikka on track for start-up

Mon, 25 Aug 2025 02:00:11 GMT

Highlights:

Strong free cash flow from operations of US$1.1 billion
Sales revenue of US$2.6 billion
EBITDAX of US$1.8 billion
Net profit after tax of US$439 million, underlying profit of US$508 million
Gearing at 23.7 per cent (20.5 per cent excluding leases) and liquidity of US$3.9 billion
Interim dividend declared of US13.4 cents per share, franked to 10 per cent, totalling US$435 million
Unit production cost of US$7.28 per boe excluding Bayu-Undan
Strong average realised LNG price of US$11.57 per mmbtu
Darwin LNG ready for startup (RFSU) milestone achieved
Barossa LNG FPSO rapidly approaching RFSU
Pikka phase 1 seawater treatment plant and all production modules on location, first oil guidance accelerated to the first quarter of 2026

Source: Santos

Tamboran secures Native Title Holder approval to sell gas under Beneficial Use of Gas legislation

Wed, 13 Aug 2025 03:31:41 GMT

Highlights:

Tamboran Resources Corporation has reached an historic agreement with Native Title Holders and the Northern Land Council for the sale of appraisal gas from its Exploration Permits in the Beetaloo Basin (Agreement).
The Agreement provides Native Title Holders’ consent to the Beetaloo Joint Venture (BJV) to sell appraisal gas from EP 98 and EP 117 of up to 60 TJ per day from the proposed Shenandoah South Pilot Project over a three-year period. The BJV will now focus on securing necessary approvals to support longer-term production.
The BJV has contracted an initial 40 MMcf/d to supply the Northern Territory Government until mid-2041, which is expected to provide energy security for Territorians. First gas is planned in mid-2026, subject to weather conditions and customary stakeholder approvals.
Tamboran maintains strong working relationships with the Native Title Holders across its operated acreage. The Company plans to continue delivering financial benefits, training, employment, and contracting opportunities to the Native Title Holders and the local community.
Tamboran will continue working with Native Title Holders and the Northern Land Council to ensure the development of the Beetaloo is a genuine partnership that represents significant and long-term economic and social benefits

Source: Tamboran Resources ASX Announcement

CLP backing small businesses to accelerate

Tue, 12 Aug 2025 05:35:45 GMT

A new Finocchiaro CLP Government program, Accelerate, is giving Territory business leaders the support they need to grow faster and go further.

Accelerate is delivered in partnership with the Australian Centre for Business Growth (AUCBG) and builds on the success of the Business Acceleration Program (BAP).

Established in 2018, BAP equipped participants with the knowledge and skills to develop as leaders and accelerate company growth.

Accelerate has been repositioned to focus on opportunities aligned to Territory Government priorities for export, workforce, defence and gas.

Minister for Trade, Business and Asian Relations, Robyn Cahill said Accelerate was designed to drive business capability, sustain economic growth, create jobs and strengthen supply chains across the Territory.

“As part of our year of action, certainty and security, the Finocchiaro CLP Government is proud to deliver a world-class program for Territory businesses that is proven to sustainably and rapidly grow revenue and jobs for local small and medium enterprises (SMEs),” Ms Cahill said.

“The Accelerate program provides tailored support for CEOs and managing directors at all stages of their business journey, whether starting out or looking to expand operations.”

“Small and medium-sized businesses represent 99.6% of the Territory’s business sector. Accelerate presents an opportunity to grow private investment, fuel economic growth and build a bigger workforce.”

“Under our Rebuilding the Economy Strategy, Accelerate is a part of our plan to make the Territory the best place to do business.”

The program will equip participants with essential skills and strategies to grow their business rapidly and sustainably through a blend of world-class mentoring, practical tools and specialist training.

Ryan Williams, Director, Australian Centre for Business Growth said, “The Territory has a vibrant business community, and we’re proud to help it thrive now and into the future through our partnership with the Northern Territory Government.”

“Accelerate’s targeted approach will equip Territory CEOs and business owners with proven tools and strategies to grow and scale their companies, as well as the capability and confidence to seize opportunities, enter new markets and drive lasting economic growth.”

Accelerate will run across 2025-26 and assist 140 businesses across 5 streams:

Growth Assessment Clinics: half day/full day workshops for participants ready to grow their business and become better leaders
Growth Ramp Workshop: a series of 6, full-day sessions over 6 months for participants looking to move to move to the next level, hire more people and growth their organisation.
Growth Module Workshops: a series of three, 3-day sessions over 9 months for participants and their executive team to build skills their company needs to achieve sustainable and continuous growth.
Intensive Growth Seminars: Two, 2-day modules six months apart coaching, continuing learning management system access and peer support
AUCBG online learning program: Access to a self-paced growth program designed by the growth experts at the Australian Centre for Business Growth.

For more information and to apply visit https://centreforbusinessgrowth.com/

Source: Northern Territory Government Newsroom

SS-2H ST1 delivers record Beetaloo Basin IP90 flow rate, maintaining stable gas rate over the final 30-day period

(Past member) — Mon, 11 Aug 2025 06:40:22 GMT

The Shenandoah South 2H sidetrack (SS-2H ST1) well achieved a Beetaloo Basin record average 90-day initial production (IP90) flow rate of 6.7 million cubic feet per day (MMcf/d) over a 5,483foot stimulated horizontal within the Mid Velkerri B Shale.

Over the last 30 days, flow rates from the SS-2H ST1 well have increased by ~2% without any downhole intervention and maintaining a 44/64” choke.
At the completion of the 90-day period, the well was flowing at 6.5 MMcf/d with a wellhead pressure of ~700 psi, a ~3% decline from the end of Day 60.

The SS-2H ST1 well has now been suspended ahead of the commencement of gas sales to the Northern Territory Government via the Sturt Plateau Compression Facility (SPCF) in mid-2026, subject to weather conditions and final stakeholder approvals.
The three well 2025 Shenandoah South drilling campaign continued to progress with the intermediate section of the SS-5H and -6H wells successfully drilled. The rig is currently drilling the intermediate section of the SS-4H well. The campaign is the first multi-well drilling program implementing batch drilling in the Beetaloo Basin.
On completion of the intermediate section of the SS-4H well, the rig is planned to commence drilling of the 10,000-foot horizontal sections of the three wells.

Tamboran Resources Corporation Chairman and Interim CEO, Richard Stoneburner, said:

“The performance and character of the SS-2H ST1 well is unique compared to hundreds of wells I have seen in my career. With flow rates increasing over the last 30 days to 6.5 MMcf/d, without downhole intervention or adjustments to choke, I believe we are seeing the enhanced matrix connectivity achieved during the stimulation program. The SS-2H ST1 well represents another encouraging data point as we better understand the Velkerri B Shale’s ultimate performance and recovery.

“Most importantly, at the end of the 90-day period, the well continued to slowly clean up, suggesting that it could have sustained the current rate beyond the testing interval. This data will be important as we prepare to stimulate our first 10,000-foot horizontal section in the Shenandoah South area by the end of the year.

“These results, combined with the SS-1H flow rates in 2024, show the significant potential of the large acreage position surrounding the Shenandoah South area, where we are currently progressing a farm down of ~400,000 acres. The farm down acreage is expected to be developed over the coming years to supply into the anticipated shortfall emerging in the East Coast gas market.”

Source: Read the full announcement: https://loom.ly/c2AeUwA

Northern Territory leads the nation in population growth and economic momentum

Thu, 31 Jul 2025 05:39:28 GMT

The latest CommSec State of the States report proves what Territorians are seeing under the Finocchiaro CLP Government – the Territory is on the move, delivering growth, opportunity and a strong future.

Chief Minister Lia Finocchiaro said the NT is now leading the nation on population growth, a key driver of economic strength and lifestyle, and recording the fastest economic growth in Australia at 10.2 per cent, nearly triple the next best, the ACT up 3.6 per cent.

“Since coming to government just 11 months ago, we’ve rolled up our sleeves and delivered. This report proves our plan to rebuild the economy is working,” Mrs Finocchiaro said.

The NT recorded the strongest population growth in the nation, with annual growth of 1.21 per cent, up 66 per cent on the decade average.

In annual growth rates, the NT was the strongest performer in the country, up 5.5 per cent, leading the nation.

The Territory has climbed from fifth to third on overall rankings, driven by robust business investment and construction activity, strong growth in new home approvals with a 15 per cent increase compared to last year.

Mrs Finocchiaro said Labor failed Territorians for decades - 19 of the last 23 years - and even tried to downplay this data because it shows what they couldn’t achieve.

“Labor left the Territory with the weakest economy in the nation and no plan to fix it,” she said.

“Former Labor Chief Minister Michael Gunner even tried to discredit CommSec saying it wasn’t worth the paper it was written on.

"Labor knew it highlighted their incompetence and had no idea how to manage the economy after the INPEX boom, and Territorians paid the price.”

The turnaround is being delivered through the CLP’s Rebuilding the Economy Strategy, focused on five key areas – tourism, agriculture, defence, mining, and energy, making the NT the best place to do business, building a bigger, better workforce, unlocking regional growth, connecting the Territory and delivering for Australia.

“Increased migration, major infrastructure projects and a clear jobs pipeline show why more Australians are choosing the Territory to live, work, invest and build their future,” Mrs Finocchiaro said.

“This is our year of action - to rebuild the economy, provide certainty for businesses and lock in security for Territorians,” Mrs Finocchiaro said.

The message is clear: The Territory is growing, our economy is strengthening, and our future has never looked brighter.

Source: Northern Territory Government Newsroom

CLP cuts red tape to fast-track jobs and investment

Wed, 30 Jul 2025 02:27:19 GMT

The Finocchiaro CLP Government is continuing to cut red tape and clearing the way for faster approvals, stronger business confidence, and more jobs in the Northern Territory.

Today, the government introduced that The Lands, Planning and Environment Legislation Amendment Bill 2025 (the Bill) which will:

Fast-track approvals for low-risk projects under the Planning Act
Modernising processes by allowing email and online publication of notice
Expediting minor technical amendments to a water licences and environmental approvals
Removing duplication in regulatory processes
Promoting certainty in decision making by addressing legislative inconsistencies and clarifying ambiguity.

Minister for Lands, Planning and Environment, Joshua Burgoyne, said these reforms are common sense and long overdue after years of Labor neglect.

“Industry has told us loud and clear: Labor’s red tape and process blowouts were killing business confidence and driving investment away,” Mr Burgoyne said.

“This Bill is about cutting delays, restoring certainty, and getting projects moving so Territorians can get the jobs and opportunities they deserve.”

The changes are part of the CLP Government’s broader plan to Rebuild the Economy Strategy 2025, attract private investment, and deliver jobs for Territorians, alongside implementing recommendations from the Approvals Fast Track Taskforce Report.

The NT Division of the Urban Development Institute of Australia (UDIA) said they are encouraged by the Bill and welcome the cutting of red tape through the progress on approvals processes.

"Industry has long called for a smoother process to respond to the market and community requirements, and to encourage investment in the Territory on behalf of the entire community,” said UDIA NT CEO, Mr Drew Wagner.

"We believe that this proposal is a good start to achieve this on behalf of all Territorians.

"Economic development can only be delivered if surety and efficiency of process can be delivered. We have never questioned the validity of the approval process, to protect our social and environmental assets, but we needed to look at the efficiency of the process," said Mr Wagner.

"We believe that this Bill goes a long way to proving that, and that the Government should be supported in this endeavour. We look forward to the details to come."

“We promised Territorians a year of action, certainty and security, and this Bill delivers on that promise,” Mr Burgoyne said.

“Unlike Labor, who buried business in bureaucracy, we are making the Territory an attractive, investment-ready destination.”

The Lands, Planning and Environment Legislation Amendment Bill 2025 will be debated in the September 2025 parliamentary sittings.

Source: Northern Territory Government Newsroom

CTP: June Quarter Report highlights a 28% increase in half year sale revenues

Mon, 28 Jul 2025 04:20:36 GMT

MEREENIE OIL AND GAS FIELD (OL4 AND OL5) – NORTHERN TERRITORY

CTP - 25% interest (and Operator), Echelon Mereenie Pty Ltd - 42.5%, Horizon Australia Energy Pty Ltd - 25%, Cue Mereenie Pty Ltd - 7.5%

Average gross gas sales from the Mereenie field were 3% higher than the previous quarter, averaging 28.0 TJ/d (100% JV), slightly below full capacity due to maintenance activity and temporary oil offtake constraints. The two new Mereenie wells continue to perform above pre-drill expectations and are contributing almost 25% of Mereenie’s current total sale volume capacity.

The gas sales capacity of the Mereenie field (excluding the temporary impact of oil offtake constraints) was approximately 30 TJ/d (100% JV) at the end of the quarter.

Oil sales averaged 287 bbls/d (100% JV) during the quarter. Oil sales have been partially constrained under the existing offtake arrangements. To manage this constraint, Central has temporarily shut in four lower gas-to-oil ratio wells and reduced total oil sales volume by approximately 37 bbls/d (Central share). When these wells are offline, Central’s share of Mereenie’s sales gas capacity is reduced by approximately 5%, or 0.4 TJ/d (1.4 TJ/d 100% JV). The constraint on Mereenie’s production is expected to be resolved over the coming months and is not anticipated to have an ongoing long-term impact.

PALM VALLEY (OL3) – NORTHERN TERRITORY

CTP - 50% interest (and Operator), Echelon Palm Valley Pty Ltd - 35%, Cue Palm Valley Pty Ltd - 15%

Production from the Palm Valley field averaged 6.9 TJ/d over the quarter (Central share: 3.45 TJ/d), 3% lower than the previous quarter due to planned maintenance and natural field decline. Sales capacity was approximately 7.0 TJ/d (100% JV) at the end of the quarter. The Palm Valley JV has been progressing permitting and approvals for two new Palm Valley appraisal wells to increase field production capacity, subject to market conditions and a joint venture final investment decision.

DINGO GAS FIELD (L7) – NORTHERN TERRITORY

CTP - 50% interest (and Operator), Echelon Dingo Pty Ltd - 35%, Cue Dingo Pty Ltd - 15%

The Dingo gas field supplies gas directly to the Owen Springs Power Station in Alice Springs. Sales volumes were 1% lower than the previous quarter, averaging 4.2 TJ/d (Central share: 2.1 TJ/d).

Source: Central Petroleum

NT partners with Timor-Leste to power sustainable energy future

Thu, 24 Jul 2025 00:04:15 GMT

The Finocchiaro CLP Government is supporting Timor-Leste’s efforts to deliver sustainable electricity to under-serviced regions through a new energy exchange internship program.

The Empowerment Through Energy Program will see four Timorese energy professionals undertake a three-month internship with the Northern Territory Department of Mining and Energy from September 2025.

Participants will receive tailored program of training, policy engagement and practical field experience in delivering solar-diesel hybrid and power systems, drawing on the NT’s expertise in servicing some of the most isolated communities in Australia.

These learnings will help Timor-Leste’s achieve its goal of expanding clean, reliable and optimised electricity access, particularly in remote regions.

Minister for Trade, Business and Asian Relations, Robyn Cahill, said the initiative strengthens regional partners to builds long-term capability.

“This program enables Timorese professionals to gain real-world skills in delivering secure, reliable energy,” said Ms Cahill.

“It’s a powerful example of how regional cooperation delivers practical benefits. By sharing expertise and learning from each other, we’re building stronger energy security and economic opportunity across our region.”

Minister for Mining and Energy and Minister for Renewables, Gerard Maley, said as part of our year of action, certainty and security, we’re proud to share our experience delivering affordable, reliable electricity to remote communities.

“The NT is Australia’s gateway to South-East Asia and an emerging energy powerhouse. Affordable energy is critical to improving living standards and economic growth, and this partnership is a big step forward,” he said.

Electricidade de Timor-Leste (EDTL) President, Dr Paulo da Silva, said, “Having staff members participate in the program provides an opportunity for Timor-Leste officials to learn from the Northern Territory Government’s approaches to remote off-grid power solutions, including remote microgrids and stand-alone power systems.”

The program is supported by the Australian Government through the ASEAN-Australia Centre and Partnerships for Infrastructure, in collaboration with EDTL.

Australia’s Ambassador to Timor-Leste, Caitlin Wilson, said, “This new initiative by the Northern Territory Government, with support from the Australian Government, will support a capability building priority requested by Timor-Leste, and is another step towards ensuring that reliable and sustainable energy can be delivered across Timor-Leste."

After the internship, participants will receive ongoing mentorship from NT experts, with a reciprocal NT mission to Timor-Leste in 2026 to strengthen collaborations.

Source: Northern Territory Government Newsroom

Forging stronger economic and strategic links with Timor-Leste

Tue, 22 Jul 2025 23:01:13 GMT

The Finocchiaro CLP Government is continuing its year of action, certainty and security, with Minister for Trade, Business and Asian Relations Robyn Cahill set to lead a delegation to Timor-Leste to reaffirm and strengthen the Northern Territory’s close relationship with one of its nearest neighbours.

As part of the Rebuilding the Economy Strategy 2025 and the strategic priority to better connect the Territory, the visit will involve high-level engagements with senior government officials, local businesses, and industry leaders to advance bilateral relations under the Strategic Partnership Agreement (SPA).

The visit highlights the deepening economic, strategic, and cultural ties between the Northern Territory and Timor-Leste.

Minister Cahill said supporting initiatives under the SPA reflected our shared commitment to cooperation and exchange and builds on our growing bilateral relationship.

“Timor-Leste is one of the Northern Territory’s closest neighbours, and we are committed to working together on shared economic and development goals.”

“Our partnership highlights practical cooperation across a range of areas including energy, health, sport, the environment and workforce development.”

"Deepening our relationships across Asia is a key pillar of the CLP Government’s plan to rebuild the economy, driving growth, investment and opportunity in both the Territory and Timor-Leste.”

The delegation will work with Timorese regional wildlife management groups to support the strengthening of local crocodile management programs.

They will also collaborate with local energy professionals to help improve the delivery of reliable electricity to remote and under-serviced areas, while facilitating workforce development opportunities for Timorese officials.

This visit follows the signing of the Plan of Action on Healthcare Cooperation, which aims to provide training, skilling and collaboration opportunities across the healthcare sector.

Supporting these strategic collaborations also creates opportunities and new pathways for Territory businesses to engage with Timor-Leste as its economy continues to grow.

The visit coincides with the highly anticipated return of the Darwin to Dili Yacht Race in 2025, highlighting the enduring connections between our two regions.

The estimated total cost for the Minister and two advisors is approximately $10,000. Final costs will be reported following the trip, in line with standard reporting processes.

Sorce: Northern Territory Government Newsroom

Territory champions growth, energy and trade in Northern Australia agenda

Mon, 21 Jul 2025 23:02:22 GMT

The Finocchiaro CLP Government is making it clear: the development of northern Australia is a national priority, and the Northern Territory is ready to lead.

Deputy Chief Minister Gerard Maley is in Cairns for the Developing Northern Australia Conference, where he is highlighting the Territory’s vital role in delivering energy security, strengthening trade, and driving national resilience through gas, minerals, agriculture, defence and tourism - all key pillars of the Rebuilding the Economy Strategy 2025.

This year’s theme Securing Australia’s Future by Driving Northern Development speaks directly to the Territory’s leadership in driving strategic economic and population growth and unlocking projects of national importance.

“The development of northern Australia is not optional, it’s essential,” said Mr Maley.

Deputy Chief Minister Maley is among a host of keynote speakers, including:

Dr Beth Cookson, Australia’s Chief Veterinary Officer, Department of Agriculture, Fisheries & Forestry;
Professor Scott Bowman AO, Vice-Chancellor of Charles Darwin University and Chair of the Northern Australia Universities Alliance;
Hon. Stephen Dawson MLC, WA Minister for Regional Development;
Craig Doyle, CEO of the Northern Australia Infrastructure Facility (NAIF);
Clare Gardiner-Barnes, Commissioner of Infrastructure Australia;
Hon. Madeleine King MP, Minister for Resources and Northern Australia;
Hon. Dale Last, Queensland Minister for Natural Resources, Manufacturing and Regional Development; and
Senator Susan McDonald, Shadow Minister for Resources and Northern Australia.

Mr Maley said the Finocchiaro CLP Government’s Rebuilding the Economy Strategy outlines five key priorities to accelerate growth: make the Territory the best place to do business, build a bigger and better workforce, deliver for Australia, unlock regional growth, and connect the Territory.

“With Darwin closer to Jakarta and Singapore than to Sydney or Melbourne, the Northern Territory is Australia’s most direct gateway to Asia, a strategic position that makes us critical to strengthening trade, energy security and national defence.

“But we can’t do it alone, Northern Australia needs the investment, infrastructure and policy certainty to reach its full potential.”

“Our government continues to advocate strongly in Canberra for migration and taxation reforms, working alongside our counterparts in North Queensland and North West Australia.”

“We are proud to stand with Queensland and Western Australia to ensure the voice of the north is heard, loud and clear, in the national conversation.”

“From Beetaloo gas and Nolans rare earths to cattle exports across Asia and nation-building defence infrastructure, we’re unlocking strategic projects that deliver real outcomes for the Territory and for the country,” he said.

“We’re making the Territory the easiest place in Australia to do business by cutting red tape, fast-tracking approvals, and backing investment-ready projects through the Territory Coordinator and Approvals Fast Track Taskforce.”

“The message is clear: the Territory is open for business - and we’re pulling ahead.”

Source: Northern Territory Government Newsroom

CLP acts to repeal confusing and costly electrical regulations

Fri, 18 Jul 2025 03:45:41 GMT

The Finocchiaro CLP Government is moving to repeal or amend sections of Labor’s Electrical Safety Regulations 2024 that impose unnecessary red tape and cost burdens on Territory homeowners, landlords, and industry.

Part 8 of the Regulations, introduced by the former Labor Government, imposes new compliance requirements on people selling or renting their homes, including mandatory safety switch disclosures and rectification notices.

These provisions were scheduled to commence on 1 July 2026 and 1 July 2028 but were introduced without proper consultation. They have since drawn widespread concern from property managers, conveyancers, electricians, and everyday Territorians.

Attorney-General Marie-Clare Boothby said the CLP Government will not allow these impractical provisions to proceed in their current form.

“This is yet another example of Labor bringing in rules that sound good on paper but don’t make anyone safer in practice,” said Ms Boothby.

“These changes mean more cost, more red tape, and more hassle, with no clear safety benefit. It’s red tape for red tape’s sake.”

The CLP Government has received calls from Territorians to act now before it is due to commence next year. Concerns include added costs to sellers and renters, increased administrative burden, and potential pressure on the electrical industry.

“As Attorney-General, I have directed the department to commence work to ensure these provisions are addressed properly and Territorians have certainty moving forward,” said Ms Boothby.

“We promised Territorians a year of action, certainty and security, and let me be absolutely clear - the CLP Government will sort this out.”

The Government is now actively considering the most appropriate path forward, including:

Repealing Part 8 entirely; or
Delaying its application for as long as necessary to deliver a more practical, workable solution.

“Territorians deserve laws that genuinely protect them, not overreach that adds confusion, cost, and complexity,” said Ms Boothby.

“We were elected to reduce crime, rebuild the economy and restore our lifestyle. That includes standing up for common sense to provide certainty, cutting red tape, and backing homeowners and industry to get on with the job.”

Further updates will be provided following consultation.

Source: Northern Territory Government

CLP rebuilding the economy and unlocking private investment

Thu, 17 Jul 2025 03:39:34 GMT

The Finocchiaro CLP Government has launched the Territory Growth Initiative (TGI) — a new strategy to fast-track private investment and drive economic growth across the Northern Territory.

Minister for Trade, Business and Asian Relations Robyn Cahill said the TGI demonstrates the CLP’s commitment to rebuilding the economy as part of its year of action, certainty and security.

“The Territory Growth Initiative shows the Territory is open for business and the best place to invest,” Ms Cahill said.

“By partnering with industry and creating a more business-friendly environment, we’re unlocking private capital to deliver real economic benefits and create Territory jobs.”

TGI is already delivering — unlocking a $22.8 million tourism boost for Central Australia, backed by a $10 million concessional loan on commercial terms.

The Uluṟu-Kata Tjuṯa Signature Walk, set to launch in time for the 2026 walking season, will offer guests an unforgettable five days and four nights of outback indulgence along a 54km trail inside the World Heritage Listed Uluṟu-Kata Tjuṯa National Park.

In Darwin for the Northern Territory Investment Summit, Neil Lynch, Managing Director of Uluṟu-Kata Tjuṯa Signature Walk Pty Ltd said, "We always knew we wanted to deliver a one-of-a-kind overnight hiking experience in the red centre —a combination of premium infrastructure, a timeless landscape, and a 60,000-year-old culture —but bringing that vision to life requires significant upfront investment as well as government support.

“Being supported by the Northern Territory Government’s Territory Growth Initiative, and the first recipient of their Collaborative Investment Program loan, was extremely valuable and enabled us to unlock lasting benefits for global adventurers and for Traditional Owners, who gain a platform to share their culture and country with the world."

Under the Initiative, investment opportunities are assessed through rigorous due diligence with advice from an independent Investment Committee of industry experts.

TGI offers three pathways of investors:

Collaborative Investment Program (CIP):
- Loans up to $10 million to help Territory businesses become investment ready or attract new businesses in energy, defence, agriculture, mining and tourism.
Territory Infrastructure Loans (TIL):
- Delivered with the Northern Australia Infrastructure Facility, providing concessional loans for infrastructure development.
Paspalis Co-Investment Fund (PCF):
- Supporting NT-based companies to grow, expand and create jobs, with investments up to $5 million focused on defence, agriculture and technology.

These products will unlock new economic activity, strength supply chains and support a skilled local workforce.

To find out more about the Territory Growth Initiative visit https://australiasnorthernterritory.com.au/invest/assistance/here-to-help/territory-growth-initiative

Source: Northern Territory Government Newsroom

Approvals report released: Red Tape cut for Territory businesses

Wed, 16 Jul 2025 03:14:46 GMT

The Finocchiaro CLP Government today released the Approvals Fast Track Taskforce report along with the Government’s formal response to its final recommendations, delivering on a key election commitment to reduce red tape and make it easier to do business in the Northern Territory.

Chief Minister Lia Finocchiaro said the report, Saying Yes to Business, led by Chair Mark Garraway and a panel of industry leaders, identified 70 recommended actions to remove barriers for small businesses and drive economic growth across the Territory.

“The message is clear: the Territory is open for business. We are backing businesses to grow, invest and create jobs,” Mrs Finocchiaro said.

“Our government has fully accepted 60 of the Taskforce’s recommendations and accepted a further 10 in principle, in an aim to cut red tape and reduce approval delays by 50%.”

Two of the 70 recommended actions have already been delivered:

System improvements now allow the Department of Lands, Planning and the Environment, rather than the Development Consent Authority, to determine applications to clear native vegetation for horticultural or agricultural purposes on unzoned and certain zoned land, providing clarity and faster approvals for proponents.
A list of pre-approved place names has been created to streamline residential development. These place-specific and theme-based names have recently been applied to new land releases in Holtze.

In addition, the CLP Government has committed to fast-tracking 48 of the 70 recommendations over the next 12 months as part of the first phase of implementation.

Examples of recommendations that are being fast-tracked:

Improve timeliness for payment of invoices for tradies.
Expand builders licence renewals for four years.
Extend the food business registration renewal period to 36 months.
Exempt low-risk electrical works from needing a Certificate of Compliance.
Extend renewal periods for RSA certificates from 3 to 5 years.
Develop standardised Traffic Management Plans for public events.

“These reforms will streamline processes, improve certainty for investors, and help build a stronger, more diversified economy,” Mrs Finocchiaro said.

“As part of our year of action, certainty and security, we continue to be focused on rebuilding the economy and delivering on our promises to Territorians.”

Chair of the Approvals Fast Track Taskforce, Mark Garraway, said the release of the report marked an important step forward for the Northern Territory’s economy.

"The Territory Government has undertaken its critical first step in turning around the NTs economy. This is about creating certainty and confidence."

The taskforce adopted a measured approach to its reforms by using a risk-based model to lessen regulation burden on predominantly small and medium sized territory businesses.

Source: Northern Territory Government Newsroom

SS-2H ST1 delivers Beetaloo Basin record IP60 flow rate of 6.8 MMcf/d

Mon, 14 Jul 2025 04:39:11 GMT

Highlights:

The Shenandoah South 2H sidetrack (SS-2H ST1) well achieved a Beetaloo Basin record average 60-day initial production (IP60) flow rate of 6.8 million cubic feet per day (MMcf/d) over a 5,483-foot stimulated horizontal within the Mid Velkerri B Shale.
The exit rate maintains a steady, low-declining curve at 6.4 MMcf/d with a flowing wellhead pressure of ~720 psi and has exhibited less decline than that of the SS-1H well over the last 30 days of testing.
The average flow rate of 12.4 MMcf/d over a normalized 10,000-foot horizontal section remains inline with an average of more than 11,000 wells in the Marcellus Shale dry gas area with production for over a 12-month period.
The result reinforces Tamboran’s view of commercial deliverability from the Beetaloo Basin to the Australian domestic East Coast gas market that typically sells at a premium to Henry Hub.
Tamboran has commenced the three well 2025 Shenandoah South Pilot Project drilling program with the spudding of the Shenandoah South 4H (SS-4H) well. The wells are being drilled with the Helmerich & Payne (NYSE: HP) super-spec FlexRig® Flex 3 Rig from the SS2 pad in EP 98.

Source: Tamboran Resources Corporation

CLP delivers $16.7M STEAM Centre at Katherine High School

Sun, 13 Jul 2025 23:44:22 GMT

As part of our year of action, certainty and security, the Finocchiaro CLP Government has delivered a brand-new STEAM (Science, Technology, Engineering, Arts and Mathematics) Centre at Katherine High School, with construction now complete on the $16.7 million project.

The centre will give students across the Katherine region access to a state-of-the-art learning facility, combining upgrades to existing buildings with new contemporary spaces to meet the needs of students, teachers and the wider school community.

As part of the project, local company M&J Builders provided Katherine High School students with hands on work experience through its Student Experience Initiative, giving them practical exposure to the construction industry, transferable skills and real-world experience.

More than 50 employees and subcontractors were supported through the delivery of the project.

Minister for Education and Training, and Member for Katherine Jo Hersey, said she was proud to advocate for the Katherine STEAM Centre and now see it delivered in Government.

“STEAM centres provide hands-on, real-world learning environments that prepare our children for the jobs of the future.” she said.

“I’m proud to have championed the Katherine STEAM centre while in opposition and to now deliver the funding to complete the project in government.

“As a strong advocate for regional equity in infrastructure and education, I can’t wait to see Katherine High School students making the most of all these fantastic new facilities.”

Students will be using the classrooms from the start of Term 3 on Tuesday, 15 July 2025.

Source: Northern Territory Government Newsroom

Investors descend on Darwin for first Northern Territory Investment Summit

Sat, 12 Jul 2025 23:43:12 GMT

The Northern Territory Government’s Investment Summit will be held in Darwin from 15-17 July, bringing together more than 100 business leaders, investors and key stakeholders for the first event of its kind in the Northern Territory.

As part of the Finocchiaro CLP Government’s Rebuilding the Economy: NT Economy Strategy 2025, the three-day summit is hosted in partnership with the Darwin Major Business Group to showcase the Territory as a dynamic, innovative hub brimming with opportunity and economic potential.

Investors from around the world are travelling to Darwin bringing together companies from Japan, Indonesia, Malaysia, Singapore, Switzerland, Vietnam, China, India, Kuwait, New Zealand, the United Kingdom and the United States.

Attendees span a diverse range of sectors, including agriculture, oil, gas, mining, tourism and hospitality, infrastructure, digital and defence.

Participants will gain first-hand insights at major investment opportunities, including the onshore Beetaloo Sub-basin, the emerging maritime repair and maintenance industry, new tourism ventures in the Litchfield region, and large-scale developments at the Middle Arm Precinct.

Minister for Trade, Business and Asian Relations Robyn Cahill said the summit is a cornerstone of the CLP Government’s plan to rebuild the economy.

“The CLP is delivering on our year of action, certainty and security, holding the Investment Summit to demonstrate that the Northern Territory is open for businesses and full of potential," Ms Cahills said.

“We are working hard to make the Northern Territory the best place in Australia to do business. Investor confidence in the Territory’s energy sector is surging, with Beetaloo Energy Australia recently commencing the longest horizontal well drilled in the Beetaloo Sub-basin, with results expected as early as the third quarter this year.

“We are playing to our natural strengths in mining, defence, energy, agriculture and tourism and seeking partners with a strong, long-term commitment to developing these sectors. There has never been a better time to invest in the Northern Territory.”

Economic forecasts highlight this momentum. Deloitte Access Economics projects the Territory economy will grow by 5.1% in 2025-26, with an average growth rate of 3.3% per annum over the five years to 2029-30, the strongest of any jurisdiction in Australia. Business investment alone is forecast to grow by an average of 2.2% per annum over the same period.

Key highlights of the Investment Summit include:

Sector tours showcasing prime investment opportunities across the Territory
A keynote address from former federal Treasurer, Joe Hockey
A presentation from Alexandar Smith, Google’s Principal Global Infrastructure and Energy
Insights from an impressive lineup of CEOs and leaders, including the heads of the Northern Australia Infrastructure Facility (NAIF), the National Reconstruction Fund and Infrastructure Australia
Targeted business meetings and networking opportunities.

Source: Northern Territory Government Newsroom

Bonaparte CCS Project awarded Major Project Status

(Past member) — Thu, 03 Jul 2025 01:17:25 GMT

PERTH, AUSTRALIA – The Bonaparte CCS Assessment Joint Venture (INPEX Browse E&P Pty Ltd 53% as Operator; TotalEnergies CCS Australia Pty Ltd 26%; and Woodside Energy Ltd 21%) today welcomed the Australian Government awarding Major Project Status to the Bonaparte Carbon Capture and Storage (CCS) Project.

INPEX Managing Director and Country Chair Australia, Tetsu Murayama, said the announcement by Minister for Industry and Innovation and Minister for Science, Senator the Hon Tim Ayres, highlights the Bonaparte CCS Project’s recognised potential to support a lower carbon future.

“Being awarded Major Project Status is pleasing acknowledgement by the Australian Government of the Bonaparte CCS Project’s strategic importance in supporting the nation’s net zero goals. Significantly, this is the first offshore CCS project to receive Major Project Status in Australia.

“Appraisal works in 2024 confirmed a high-quality saline aquifer reservoir with thick sealing formations which appear suitable for safe and permanent carbon storage in the Bonaparte Basin, approximately 250 kilometres offshore Darwin. It is proving to be one of the most promising carbon dioxide (CO2) storage sites globally, with an anticipated capacity of more than 10 million tonnes per annum.

“This means the Bonaparte CCS Project could substantially contribute to decarbonising northern Australia and potentially the wider Indo-Pacific region.

“On behalf of the Bonaparte CCS Assessment Joint Venture, INPEX will continue engaging closely with community, and the Australian and Northern Territory governments to advance this significant project,” said Mr Murayama.

Preliminary front-end engineering design work commenced in April 2025 with first CO2 injection planned around 2030. The Ichthys Joint Venture is expected to be the anchor customer.

The Bonaparte CCS Assessment Joint Venture is now conducting detailed analysis of the reservoir appraisal data, to support a Declaration of Identified GHG Storage Formation application in advance of obtaining a greenhouse gas injection licence.

Media contact: Carina Peart; +61 451 399 660; carina.peart@inpex.com.au

Bonaparte Carbon Capture and Storage Project fact sheet

Source: INPEX

Traditional Owners Consent to the Sale of Appraisal Gas

Thu, 26 Jun 2025 00:44:56 GMT

Beetaloo Energy Australia Limited (“Beetaloo Energy”) is pleased to advise that an On Country Meeting of the traditional Aboriginal owners of the Mambaliya Rrumburriya Wuyaliya Aboriginal Land Trust covering EP187 (“Traditional Owners”) was conducted on 24th and 25th June 2025.

The meeting was arranged by the Northern Land Council in accordance with the Aboriginal Land Rights (Northern Territory) Act 1976 (Cth) (“the Act”) and the Exploration Deed between Beetaloo Energy subsidiary Imperial Oil & Gas Pty Limited and the Northern Land Council.

At that meeting, the Traditional Owners consented to the sale of appraisal gas in accordance with Section 57AAA (5)(d) of the Petroleum Act 1984 (NT).

The package of benefits is being finalised between Beetaloo Energy and a committee of the Traditional Owners with the support of the Northern Land Council. The process of executing the agreement will then occur in accordance with the Act.

Beetaloo Energy will advise shareholders once that process reaches its conclusion.

Source: Beetaloo Energy Australia

Electricity pricing reforms to keep power affordable and fair

(Past member) — Wed, 25 Jun 2025 00:15:12 GMT

In March 2025, the CLP Government announced it would responsibly increase regulated electricity prices by 3%, effective from 1 July 2025 - benefiting around 85,000 households and small-to-medium businesses.

The Territory Government in 2025 will invest $192 million to subsidise power prices for households and small businesses.

Thanks to this ongoing subsidy, the Northern Territory continues to enjoy some of the lowest electricity prices in the country.

Treasurer Bill Yan said the CLP Government remains focused on protecting Territorians from rising energy costs.

“We want the lowest possible prices for households while maintaining a reliable network,” Mr Yan said.

“These reforms make sure our electricity subsidy stays sustainable, so we can keep supporting households, small businesses and regional communities across the Territory.”

Treasurer Bill Yan said the government is acting to protect this critical support well into the future.

“The Community Service Obligation keeps power affordable across the Territory, without it, an average household in Darwin would be paying nearly 50% more, and even more in regional and remote areas,” Mr Yan said.

“These sensible reforms ensure we can maintain this support where it’s needed most, while keeping costs low for everyday Territorians.”

In 2025–26, the CLP Government will boost funding for the CSO by $51 million, bringing the total investment to $192 million to continue shielding Territorians from rising electricity supply costs.

Electricity Pricing Reforms will roll out in three stages:

Phase 1 – From 1 July 2025

· A new tariff will apply for large commercial customers using between 500 and 750 MWh a year.

· NT and Commonwealth Government agencies will move to full cost pricing.

· The solar feed-in tariff will double to 18.66c/kWh for energy exported to the grid between 3pm and 9pm.

Phase 2 – From 1 January 2026

Households will move to a tiered pricing system:

· The first 55 kWh per day will be charged at the normal household rate.

· Usage above that will be charged at a higher rate, equal to the rate applied to small businesses.

· New time-of-use plans will be available for households and small businesses to give more choice and control over energy costs.

Phase 3 – From 1 July 2026

· Daily charges for high voltage customers will move to full cost pricing.

· Local government councils will also move to cost-reflective tariffs.

“These reforms are about long-term sustainability, keeping costs low where it matters most, while ensuring we can continue to subsidise electricity for Territorians in a fair and responsible way,” the Treasurer said.

To find out more information, visit the website.

Source: Northern Territory Newsroom

CLP launches targeted training program to boost business growth

Tue, 24 Jun 2025 02:21:23 GMT

Delivering on its year of action, certainty and security, the Finocchiaro CLP Government has launched a new program to equip Territory businesses with the skills they need to grow, compete, and succeed.

Local businesses wanting to increase their profitability and performance can now access free and low-cost training under the CLP Government’s Flexible Skills and Training Response program.

A skilled workforce is vital to business success, but many Territory businesses face barriers to accessing training, including strict eligibility rules, high costs, and inflexible delivery schedules.

Building a bigger, better workforce is a key priority under the CLP Government’s Rebuilding the Economy: NT Economic Strategy 2025, and this program delivers on that commitment.

Minister for Trade, Business and Asian Relations Robyn Cahill said the program is designed to overcome these barriers by delivering affordable training tailored to business needs.

“Small to medium businesses are the engine room of the Northern Territory economy – they are drivers of job creation, innovation, and economic diversification,” Ms Cahill said.

“This program recognises the need to build a workforce with the skills and capabilities needed to grow Territory businesses and rebuild the economy.

“Providing flexible training options is an enabler for business growth, increased employment, and a workforce the Territory needs both now and into the future.”

The Flexible Skills and Training Response program includes a series of face-to-face workshops addressing priority skills and development needs for Small to Medium Enterprises (SMEs) in the Territory.

Workshops are targeted at business owners and senior managers of Territory-based SMEs.

Seven providers have been registered under the program and will deliver workshops on topics including AI and automation, financial literacy, de-escalation training, crime prevention through environmental design, ICT systems, tender writing, and procurement skills.

Training will be delivered across every city centre and a number of remote communities over the next 6–12 months.

Michael Hawkes, Managing Director of Captovate, one of the registered providers, said the program directly responds to what local businesses are telling us they need.

“We understand that the world of AI can feel overwhelming for many. Our aim through these workshops is to demystify AI and empower local businesses to innovate, stay competitive, and lead the way in a rapidly evolving digital economy.”

For more information or to attend a training session in your region, visit the website.

Source: Northern Government Newsroom

Territory Procurement Champion to help local business grow

(Past member) — Fri, 20 Jun 2025 02:14:27 GMT

As part of its year of action, certainty and security, the Finocchiaro CLP Government has today announced the establishment of a Territory Procurement Champion position to support local businesses to grow.

Minister for Trade, Business and Asian Relations Robyn Cahill said the Territory Procurement Champion is a key part of the CLP Government’s reform agenda to redesign how procurement governance, advocacy and assurance services are delivered to better support local business.

A significant reform program to modernise government procurement practices will be rolled out across 2025 and 2026. The program aims to reduce unnecessary red tape, making government procurement more efficient for all stakeholders, and drive economic growth in the Territory.

From 1 July 2025, the Buy Local Industry Advocate (BLIA) contract will come to a natural end, coinciding with the retirement of the current BLIA, Mr Denys Stedman. The role will not be renewed.

“I want to acknowledge and thank Mr Denys Stedman, who was appointed as the inaugural BLIA in 2018,” said Ms Cahill.

“Mr Stedman’s role championed fair, full and reasonable opportunities for Territory businesses to compete for government contracts.

“I thank him for his hard work and strong advocacy in improving procurement outcomes for local businesses.”

“These procurement reforms are part of the CLP Government’s plan to rebuild the economy and make the Northern Territory the best place in Australia to do business.”

The Buy Local Plan will remain in place to support local businesses to tender for and win government work.

With the cessation of the BLIA role, the Territory Procurement Champion position will be responsible for handling procurement complaints at arm’s length and engaging businesses and government to drive more local procurement outcomes.

An Expression of Interest process will open on 23 June 2025 and close on 14 July 2025.

Source: Northern Territory Government Newsroom

INPEX undercurrent points to Timor-Leste as Ichthys expansion looms

(Past member) — Thu, 19 Jun 2025 03:33:47 GMT

INPEX Australia has given its strongest indication yet that it may pursue a stake in the long-delayed Greater Sunrise gas project, with the company’s Vision 2035 strategy aligned toward expanding LNG infrastructure in Darwin.

Speaking at the Energy Club WA in Perth, INPEX Australia's Senior Vice President Corporate, Bill Townsend, confirmed the company is actively seeking new gas feedstock to backfill its Ichthys LNG operations in Northern Australia and meet rising energy demand from Asian markets particularly Japan and Taiwan.

Townsend also described LNG as a "deployable now" solution for rapidly growing markets such as Vietnam and Indonesia—comments that, perhaps unintentionally, cast the Greater Sunrise Gas Field in a new strategic light. The undeveloped field, holding an estimated 5.1 trillion cubic feet of gas and 226 million barrels of condensate, lies north-west of Darwin, which is close to INPEX's Ichthys LNG project.

Australia now accounts for a large chunk of INPEX's global revenue, and the company is expanding its footprint.

INPEX has participated in the Sunrise Joint Venture's Development Concept Study process since February 2023.

In May 2024, INPEX opened a Timor-Leste office and held high-level talks with Minister Agio Pereira, reaffirming its interest in Sunrise and signalling a willingness to contribute capital and technical leadership.

While INPEX has yet to formally declare its intent to join the Woodside-led Sunrise venture or file a production sharing application, Townsend's focus on supporting Indo-Pacific energy security suggests the company is firming up policy conditions to enable further Japanese investment.

He emphasised INPEX's credibility, citing more than $60 billion invested in Ichthys LNG, and its strategic importance as a Japanese government-backed energy provider to the Indo-Pacific region.

With Timor-Leste reiterating its openness to foreign participation and newly admitted into ASEAN, analysts say a regulatory breakthrough could shift momentum rapidly.

A spokesperson for INPEX told Energy News Bulletin: "We understand the imperative to providing the most meaningful benefits to the people of Timor-Leste."

Source: Energy News Bulletin

ENB: Barossa LNG hits major milestone with FPSO arrival

Wed, 18 Jun 2025 22:25:17 GMT

Santos says Barossa remains on track for first gas by Q3 2025, just two days after Middle East O&G giant ADNOC lobbed its $32 billion takeover bid — as the BW Opal FPSO sails into position 285km north of Darwin.

The Barossa field is considered a strategic prize for ADNOC, offering 3.7 million tonnes a year of LNG and a cost-competitive gateway into Asia-Pacific export markets.

Santos and joint venture partners SK E&S and JERA have invested more than US$3.95 billion (A$6.07 billion) in the project to date.

Now with drilling delays behind it, Santos reports five of six production wells are complete, the fifth is undergoing flow testing, and final completion is due this quarter.

Meanwhile, 262km Gas Export Pipeline and 123km Darwin Pipeline Duplication, is in place.

Santos CEO Kevin Gallagher described the FPSO's arrival as a "significant milestone" for the long-delayed project, which received final investment approval in 2018.

"Barossa is a world-class asset and, together with Pikka Phase 1 in Alaska, is expected to deliver a 30% production uplift over the next 18 months," he said.

The Barossa LNG volumes are largely contracted, with offtakers including Mitsubishi's Diamond Gas, Hokkaido Gas, Shizuoka Gas, TotalEnergies and mining giant Glencore. Gallagher has reiterated that Barossa remains on track to be delivered within its US $4.6–5.8 billion cost guidance, despite legal challenges and earlier delays.

A $1 billion life extension of the Darwin LNG plant, required to process Barossa gas, is 90% complete.

The upgrade has supported about 300 jobs and is expected to deliver $100 million annually in supply and service opportunities to Northern Territory businesses.

Source: Energy News Bulletin

Green light for Avenira’s Phosphate Project to power growth in the Barkly

Wed, 18 Jun 2025 22:23:10 GMT

The Finocchiaro CLP Government is driving development in Central Australia, with the first shipment of Direct Shipping Ore (DSO) from Avenira Limited’s Wonarah Phosphate Project set to proceed following the grant of a Deemed Environmental Mining Licence, commonly known as a Mining Management Plan.

This approval will enable Avenira to advance development at Wonarah to produce up to 1.3 million tonnes of DSO, and the first shipment is expected later this year.

Phosphate is primarily used in the agriculture and fertiliser industries, but demand is growing as it becomes a key feedstock in electric vehicle battery and energy storage facilities.

The initial phosphate DSO will support agricultural productivity, while the future project phases will create opportunities for high-value downstream processing, manufacturing, and investment.

The CLP Government promised 2025 would be a year of action, certainty and security – and this milestone is a clear example of delivering on that commitment.

Minister for Mining and Energy Gerard Maley said the project would deliver long-term economic benefits for the Barkly region.

“The NT Government is laser-focussed on growing the Territory economy and promoting mining and attracting investment is a top priority,” Mr Maley said.

“We want to see more mining projects Avenira’s, move into production, which is why we are providing a regulatory and investment environment that helps get projects off the ground quickly and successfully.

“This project is expected to create up to 100 direct local jobs in Central Australia, with further indirect employment and infrastructure investments flowing from it.”

Located around 245km east of Tennant Creek, Wonarah Project is one of Australia’s largest undeveloped phosphate resources, with a potential mine life of 30-plus years.

Minister for Lands, Planning and Environment Joshua Burgoyne said the project is a strong example of balanced and responsible development.

“This is a great example of our government working with industry to streamline approvals while maintaining strong environmental protections,” he said.

“Projects like Wonarah are critical for the sustainable growth of our regions, and the approval reflects our commitment to efficient, transparent and responsible environmental regulation.”

Avenira Chairperson and Chief Executive Officer, Stephanie Yuan welcomed the milestone approval.

“We are pleased to receive approval of the Mine Management Plan supporting the Company’s proposed mining activities at Wonarah. This approval is a key step toward unlocking our plans to commence operations by Q4 2025,” she said.

“The DSO operations are an important step in the development of a downstream beneficiation plant and Yellow Phosphorus processing facility in the Northern Territory.

We would like to acknowledge and thank the Northern Territory Government for their support and we look forward to continuing our work together.”

Avenira Limited’s Deemed Environmental Mining Licence includes open pit designs and supporting roads and infrastructure.

Under the Environment Protection Act 2019 and the Environment Protection Regulations 2020, an environmental (mining) licence is required before mining activities can commence.

Source: Northern Territory Government Newsroom

TEE: BEETALOO OPERATIONAL UPDATE

Tue, 17 Jun 2025 22:19:46 GMT

Top End Energy is advancing its Northern Territory portfolio as the Beetaloo Sub-basin enters a new phase of multi-well development. The Company is positioning its exploration permits to align with the region’s emerging commercial activity.

HIGHLIGHTS

Updated EP Work programs: Through its wholly owned subsidiary McArthur Energy Pty Ltd, TEE has updated work programs designed to capitalise on the growing momentum from ongoing appraisal and development activity
Record Flow Testing in Beetaloo: Tamboran Resources has reported the highest 30-day initial production flow rate in the basin, on par with U.S. Marcellus shale benchmarks 1
Key Position in Beetaloo: EP 153 and EP 154 are immediately north of Tamboran Resources’ EP98, with a strategic infrastructure advantage, being positioned adjacent to the Amadeus Gas Pipeline
Beetaloo Enters Development: A decade on from its first unconventional discovery, Tamboran’s dual-rig drilling campaign and Beetaloo Energy’s (formerly Empire Energy) hydraulic stimulation program mark a pivotal shift - signalling the transition from appraisal to full-scale development

Source: Top End Energy

Commencement of Carpentaria-5H Hydraulic Stimulation Operations

Tue, 17 Jun 2025 05:31:14 GMT

Hydraulic stimulation has commenced on Beetaloo Energy’s Carpentaria-5H well in Beetaloo Basin permit EP 187
Carpentaria-5H is the longest horizontal well in the Beetaloo Basin
Over 60 stimulation stages are planned across the 3,310 metre (10,860 feet), 5 ½” cased horizontal section within the Velkerri B Shale
The campaign is being conducted by Halliburton with a 42,000 hydraulic horsepower spread to implement a stimulation design with the following enhanced benchmarks:
- ~100 bbl/minute pump rate
- >50 bbl/ft slickwater stimulation fluid intensity
- >2,400 lb/ft proppant (sand) intensity
The stimulation is expected to take approximately four weeks to complete
Following completion, Beetaloo Energy will undertake a ~30-day period of cleanup and soak, followed by a 30-day production test Beetaloo Energy expects to release IP30 flow rate results in late Q3 2025
Carpentaria-5H forms part of the Carpentaria Pilot Project along with Carpentaria-2H and Carpentaria-3H wells that have been previously drilled and stimulated from the same well pad
Beetaloo Energy’s cash at bank is $40.5 million

“The stimulation of Carpentaria-5H is an historic moment in the development of the Beetaloo Basin. This is the first well in the basin targeting a stimulation across a 3km (2 mile) horizontal section.

Horizontal drilling and hydraulic stimulation revolutionized the United States’ energy system, driving down energy prices and emissions intensity while stimulating economic activity. This is an opportunity that Australia now shares through the development of the Beetaloo Basin.

The Beetaloo Energy team is committed to playing a key role in providing increased gas supply to the Northern Territory market, then the Australian East Coast market, and ultimately the broader region. This, in the success case, will increase the reliability of our energy system, put downward pressure on energy prices and facilitate increased economic growth.

We look forward to sharing the results of the program with shareholders over the coming months.” Alex Underwood, Managing Director

SS-2H ST1 Delivers Record Beetaloo Basin IP30 Flow Rate of 7.2 MMcf/d, In-Line With Average IP30 Rate From Marcellus Dry Gas Area

Mon, 16 Jun 2025 23:04:18 GMT

Highlights

The Shenandoah South 2H sidetrack (SS-2H ST1) well achieved a Beetaloo Basin record average 30-day initial production (IP30) flow rate of 7.2 million cubic feet per day (MMcf/d) over a 5,483-foot (1,671-metre), 35 stage stimulated length within the Mid Velkerri B Shale.
The flow rate of 13.2 MMcf/d over an extrapolated 10,000-foot horizontal section is in-line with the average of more than 11,000 wells in the Marcellus Shale dry gas area with production for over a 12-month period. The result demonstrates Tamboran’s view of commercial deliverability of gas from the Mid Velkerri B Shale to the East Coast gas market that typically sells at a premium to Henry Hub.
The exit rate trajectory maintains a steady, low-declining curve at 6.7 MMcf/d (normalized at 12.2 MMcf/d per 10,000-feet) with a flowing wellhead pressure of ~910 psi. The steady state decline curve on SS-2H ST1 is consistent with that achieved from the SS-1H well.
The Shenandoah South drilling campaign is planned to commence in 2H 2025, targeting up to three 10,000-foot horizontal wells from the SS2 well pad, subject to final joint venture approval.
Once completed, the five wells on the SS2 pad are planned to be tied into the Sturt Plateau Compression Facility (SPCF) to feed into the 40 MMcf/d Gas Sales Agreement with the Northern Territory Government. Production remains on track to commence in mid-2026, subject to standard regulatory and stakeholder approvals and favourable weather conditions.

Source: Tamboran Resources Website

Empire Energy Group Limited changes name to Beetaloo Energy Australia Limited

Sun, 15 Jun 2025 23:02:27 GMT

Empire Energy Group Limited (“Empire” or “the Company”) (ABN 29 002 148 361) is pleased to advise a new Company name and ASX Code.

At the 2025 Annual General Meeting held on 29 May 2025, a special resolution was passed by Shareholders to change the name of the Company to Beetaloo Energy Australia Limited.

The change of name process is now complete.

The change of name will take effect on the ASX from commencement of trading on Wednesday 18^th June 2025 at which time the ASX code will migrate from EEG to BTL.

In accordance with ASX Listing Rule 15.4, shareholder approval will be sought at the General Meeting to be held in July 2025 on a date to be announced to update the Company’s Constitution for the change of name.

There will be no change to the Company’s ABN.

The Company will migrate to a new website beetalooenergy.com in the coming days.

Source: Beetaloo Energy Australia

CLP Government delivers $4 million boost for resource exploration

Wed, 11 Jun 2025 05:18:41 GMT

The Finocchiaro CLP Government is injecting $3.9 million into NT resource exploration, awarding 38 grants to 30 companies through the latest Geophysics and Drilling Collaborations (GDC) program.

Round 18 of the program is supporting 38 projects through the $9.5 million Resourcing the Territory initiative, which accelerates exploration, discovery and local jobs.

Minister for Mining and Energy Gerard Maley said the grants demonstrate the Territory Government’s strong commitment to rebuilding the economy through responsible resource development.

The Territory’s value of mineral production in 2023/24 was $4.32 billion.

The mining sector forms the greatest contributor to the Territory’s own-sourced revenue from eight operating mines, and millions of dollars spent annually on mineral exploration.

“This flagship program gives companies a clear incentive to invest in exploration here in the Territory, rather than interstate,” said Mr Maley.

“It also rewards those willing to innovate and test new techniques to unlock the Territory’s vast mineral potential and bring forward the next wave of discoveries.”

The successful applicants include 14 greenfields drilling programs, 6 brownfields diamond drilling programs, 10 regional geophysical surveys, 7 innovative targeting projects, and one project under the advancing critical minerals category.

Eleven of the successful companies have never received co-funding before.

More than half of the co-funded projects are targeting critical minerals, including copper, rare earth elements, lithium, and fluorite, which places the Territory in a strong position to support the global transition to low-emissions economy through green technology.

“It’s encouraging to see the majority of these co-funded programs focusing on the critical minerals that are essential to the global energy transition,” said Mr Maley.

“These projects will help build the Territory’s critical minerals pipeline, support local jobs, and drive long-term economic growth.”

Nine of the co-funded projects will provide work for locally based contractors providing services such as earthworks, drilling, and laboratory analysis, with approximately $88,900 awarded for the Territory Supplier Incentive (TSI) funding.

The Territory Suppler Incentive provides up to $10,000 per project in additional funding to support service and supply by Territory-based companies.

Copper was the most commonly targeted commodity, featuring in nearly one-third of successful applications.

Other projects are targeting gold, uranium, diamonds and hydrocarbons, highlighting the diverse resource potential of the Territory.

The Fraser Institute’s Annual Survey of Mining Companies consistently ranks the Northern Territory among the world’s top jurisdictions for mineral potential, something the Finocchiaro CLP Government is actively working to leverage for the benefit of all Territorians.

“We are committed to making the Northern Territory the best place in Australia for exploration, private investment, and job creation,” said Mr Maley.

More information and the full list of successful grant recipients is available at: https://resourcingtheterritory.nt.gov.au/exploration-grants.

Source: Northern Territory Government Newsroom

Exclusive: Power restored to Northern Endeavour FPSO

(Past member) — Wed, 11 Jun 2025 02:38:55 GMT

At the 2025 Decommissioning & Abandonment (D&A) Conference in Perth, Shane McWhinney from the Department of Industry, Science and Resources (DISR) provided a significant update on the Commonwealth-managed decommissioning of the Northern Endeavour FPSO.

Power was successfully restored to the vessel on Tuesday evening, ending a seven-week outage that began on 22 April—just days after the completion of a major riser cutting campaign. The unexpected shutdown was caused by simultaneous issues: planned maintenance on the main generators and a failure of the emergency diesel generator.

“We were feeling pretty confident after the riser campaign—then just days later, the power went completely out,” McWhinney said. “But we got it back on. It took seven weeks, and now we’re back in action.”

Despite the loss of power and the need to evacuate the vessel, DISR was able to maintain momentum by continuing hull cleaning operations during the outage. This was made possible after securing a new safety case from NOPSEMA, the national offshore energy regulator.

Now with power restored, the project is entering a critical phase. The team is only months away from cutting the mooring chains that currently secure the FPSO in place. Once detached, the vessel will be towed to Singapore, selected as the safest and most cost-effective location to complete hull cleaning and seaworthiness preparation, using both wet and dry docks.

Following this, the FPSO will be loaded onto a Costco heavy-lift vessel and transported to its final decommissioning site—still to be confirmed.

As the dismantling phase progresses, the focus will shift to seabed remediation, involving the cleanup and safe abandonment of extensive subsea infrastructure. According to McWhinney, there are:

9 subsea wells
7 Christmas trees
50 km of flowlines
20 km of umbilicals
3 subsea manifolds
9 mooring chains in 3 groups
9 suction pile anchors

This major decommissioning project, triggered by the 2020 collapse of Northern Oil & Gas Australia (NOGA), is being closely watched across the industry for its regulatory, environmental, and cost implications. The restoration of power marks a major step forward toward finalising this complex and high-profile operation.

Source: Energy News Bulletin

Utilities Commission 2025-26 Priorities released

(Past member) — Tue, 10 Jun 2025 03:59:03 GMT

The Commission has published its 2025-26 Priorities, which sets out what the Commission will focus on over the next financial year.

The Commission’s 2025-26 Priorities align with its Strategic Plan.

Source: Utilities Commission of the Northern Territory

Empire Energy Group Ltd (ASX:EEG) Appointment of Chief Financial Officer

(Past member) — Mon, 09 Jun 2025 22:59:15 GMT

Empire Energy Group Limited (“Empire” or “the Company”) is pleased to announce the appointment of Alexander Hunter as Chief Financial Officer effective 3 June 2025.

Mr Hunter has 20 years’ experience in the energy and resources sector with a focus on corporate finance, mergers and acquisitions, capital raising and corporate financial management. He has worked for the past six years providing corporate finance and M&A consulting services to listed and unlisted energy and mining companies. He has held senior executive roles in ASX listed companies including Chief Financial Officer of Elk Petroleum and General Manager of Business Development for Drillsearch Energy.

In these roles he was instrumental in rationalising and growing the businesses through successful asset sales and acquisitions, equity and debt capital raisings, public market mergers and takeovers, post-merger integration and growth of the business finance teams & financial management capabilities.

Mr Hunter was previously a senior executive at RFC Ambrian where he specialised in resources, energy and industrial company mergers and acquisitions and capital raising. Prior to his career in finance, he held engineering and project management roles in civil construction and infrastructure development projects in Australia.

He has a Bachelor of Engineering, an MBA from the University of Southern California Marshall School of Business and holds postgraduate qualifications in applied finance business law.

The deep experience and skills that Mr Hunter brings to the company will be critical as Empire transitions to Beetaloo Basin gas producer. Robin Polson has retired from the role of Chief Financial Officer. Mr Polson joined Empire as a commercial advisor to the Company in September 2021 and was appointed as Chief Financial Officer in July 2022.

During his tenure, Mr Polson played a critical role in the negotiation of Empire’s gas sales agreement with the Northern Territory Government, under which Empire will supply up to 25 TJ / day to the local NT market for up to 10 years. Mr Polson played an important role in negotiating and executing the $65 million credit facility with Macquarie Bank Limited which is supporting the development of the Carpentaria Pilot Project, and in the successful completion of our US asset divestiture program, as a result of which Empire is now a Beetaloo / McArthur Basin pure play.

Comments from Managing Director Alex Underwood:

“We are delighted that Alex Hunter is joining Empire Energy at such a crucial time for the company. As we transition to gas production the company operations will continue to grow in both scale and complexity, and Alex brings the right mix of corporate and commercial experience to help the Empire team deliver that growth and create value for Empire shareholders. We thank Robin Polson for his dedicated service to the Company over the last 4 years, a period during which Empire has materially progressed from explorer towards the commencement of production. The entire Empire team wishes Robin well.”

Source: ASX ANNOUNCEMENT

Growing gas exploration a vote of confidence in Central Australia

Mon, 09 Jun 2025 05:25:44 GMT

The Finocchiaro CLP Government welcomes the growing petroleum investment and exploration activity in the Northern Territory’s gas sector, as a vote of confidence in the Territory’s attractive regulatory environment and world-class natural resources.

This week, Echelon Resources announced it had completed the acquisition of 100% interest and ownership of petroleum Exploration Permit (EP) 145, located in the Amadeus Basin in Central Australia.

Minister for Mining and Energy Gerard Maley said the CLP Government’s year of action, certainty, and security is being realised, with strong momentum in the energy sector.

“Acquisitions like this show that industry has real confidence in the Northern Territory and the clear, consistent approach the CLP Government is delivering,” said Mr Maley.

“We’re providing the certainty investors and proponents need to back projects that create jobs, grow the economy, and bring real benefits to communities across the Territory.”

Echelon Resources, an agile Australasian-focused energy exploration and production company based in Wellington, New Zealand, acquired EP145 from London Stock Exchange-listed Mosman Oil & Gas.

Echelon is already a key partner in the Territory’s gas-producing Mereenie, Palm Valley, and Dingo fields, which underpin the local gas industry.

Situated near the Mereenie gas field, EP145 presents significant potential for new resource exploration and development, benefiting from proximity to existing infrastructure.

Echelon Resources has also announced that in 2026 it will acquire a geophysical survey over part of EP145, in the form of a 3-dimensional or 3D seismic survey.

These surveys allow explorers to visualise the subsurface in three dimensions, making it easier to target and model potential accumulations of gas compared to conventional 2D seismic surveys.

Echelon’s intent is to tie any such gas resources into nearby existing infrastructure and supply it to the Northern Territory gas market as soon as possible.

This 3D survey will be the largest acquired to date in the Amadeus Basin, which has been producing gas consistently since the 1980’s.

“I look forward to seeing the outcomes of Echelon’s exploration efforts and wish them success as they continue to build on the Territory’s status as a leading energy hub in Central Australia,” said Minister Maley.

Source: Northern Territory Government Newsroom

Santos' Barossa FPSO is on the move to its new home

Thu, 29 May 2025 21:26:03 GMT

The floating production, storage and offloading (FPSO) unit to be put to work by Santos is on its way from Singapore to the Barossa field.

Fully commissioned and ready for offshore deployment, the BW Opal left Seatrium's Tuas Boulevard Yard on May 28 to be tugged to the waters off Australia's Northern Territory.

According to BW Offshore, hook-up operations are set to start as soon as the vessel arrives at the destination and will be followed by the start-up phase, which includes offshore commissioning, well clean-up, and preparation for gas export, targeted for Q3 2025. 

The BW Opal is set to have a 25-year offshore lifespan.

The vessel is 358m long and 64m wide and has 230 MW of installed power, gas processing facilities of 850 million standard cubic feet per day, as well as the capacity to process 11,000 barrels per day of stabilised condensate.

According to Seatrium, efficiencies and modern tech on the FPSO will cut greenhouse gas emissions by 15% compared to traditional systems, translating to a reduction of up to 2.3 million tonnes of CO2 emissions over the asset's life.

In April this year, Santos finally secured a critical element of regulatory approval for its $5.8 billion Barossa gas project, as NOPSEMA signed off on a key pipeline production plan. The approval allowed Santos to begin final commissioning activities, bringing the long-delayed project a step closer to first gas. 

At the time a Santos spokesperson confirmed to Energy News Bulletin "Barossa remains on track for first gas in the third quarter of 2025 and within cost guidance."

The environment plan for production operations accepted by NOPSEMA covers six subsea wells connected to the soon to arrive BW Opal vessel.

Under its EP, gas will be piped 262 kilometres to the Darwin LNG facility, replacing supply from the aging Bayu-Undan field. At the same time, condensate will be offloaded by tanker. 

Source: Energy New Bulletin

Territory's clear message: Open for business and leading on energy

Thu, 29 May 2025 05:05:28 GMT

The 2025 Australian Energy Producers Conference and Exhibition has been an important opportunity to showcase the Northern Territory’s critical role in Australia’s energy future.

Chief Minister Lia Finocchiaro used the opportunity to reinforce the reform which has been delivered by her new government to deliver confidence and certainty.

“The feedback we received is that the economic and regulatory reform we have delivered in just nine months is restoring investor confidence," said Mrs Finocchiaro.

Speaking at the conference as part of a panel on gas exploration and the economy, Mrs Finocchiaro reinforced that the Territory is open for business.

“It is clear that momentum is building, and all eyes are looking north to the Territory," she said.

Deputy Chief Minister Gerard Maley hosted an industry breakfast showcasing the Beetaloo to a packed room of people who were eager to learn more about the strategic advantages and benefits of Territory gas.

“The strong turnout at the NT Minister’s Breakfast with Beetaloo, which is the first NT-focused event to be held at the AEP conference in several years, shows just how much interest there is in Territory gas and the enormous potential of the Beetaloo Sub-basin,” said Mr Maley.

"We heard directly from Beetaloo gas industry leaders Empire Energy, Santos, Tamboran Resources and Daly Waters Energy who all backed in our government’s pro-gas, pro-business approach and the reforms we’ve made to help them attract capital investment and bring the Beetaloo into production.

"This conference also gave us the chance to engage with major players from the US shale gas industry such as Liberty Energy and Halliburton who are bringing decades of experience to the Territory to help unlock the Beetaloo’s full potential.

"Having a strong NT delegation including myself, the Chief Minister, Department executives, and the Territory Coordinator sent a clear message to the energy sector: we’re serious about making the NT a key player in powering the nation, with the most cost-effective, timely, and emissions friendly potential solution to the emerging East Coast gas crisis.”

Australian Energy Producers Chief Executive Samantha McCulloch said: "It was a pleasure to host the Northern Territory Government at the Australian Energy Producers Conference and Exhibition in Brisbane this week."

"The Chief Minister has made it clear that the Territory is open for business and is leading by example in removing regulatory barriers and providing certainty for investment," she said.

"The NT Government recognises natural gas is essential to the Territory’s economic growth and energy security; powering homes, industry, and supporting thousands of local jobs.

"Projects like the Barossa development and the Beetaloo Basin are key to accelerating economic growth and delivering reliable and affordable energy for Territorians."

Mrs Finocchiaro added: "Our message was clear, as part of our year of action, certainty and security we are restoring confidence and certainty in the future of the Territory."

"Territorians know that we have everything this country needs to deliver affordable, reliable and cleaner energy; this conference gave us the opportunity to showcase that on the national and international stage," she said.

Source: Northern Territory Government Newsroom

Energy Link delivers action and certainty

Mon, 19 May 2025 00:56:34 GMT

The Finocchiaro CLP Government has today reaffirmed its commitment to the Territory Energy Link – a proposed multi-user, multi-asset infrastructure corridor stretching from Elliott to Darwin.

A tender has been awarded to provide on-demand specialist technical advice to the project team.

This expert support will drive corridor planning and pipeline development, ensuring the 670km priority section is development-ready by 2028.

Formerly known as the Tennant Creek to Darwin Infrastructure Corridor, the Territory Energy Link project will deliver a buried services corridor designed to carry gas, water, optical fibre, hydrogen and other utilities critical to the Territory’s future.

Minister for Logistics and Infrastructure Bill Yan said the project was a flagship initiative in the CLP Government’s year of action, certainty and security.

"The Territory Energy Link is the kind of enabling infrastructure that delivers real outcomes – not just talk,” said Mr Yan.

“It will connect the Beetaloo to Darwin and the world, laying the foundations for billions in investment and thousands of local jobs.”

The Territory Energy Link is key to unlocking private investment and accelerating projects that will rebuild the Northern Territory economy, especially in and around the Beetaloo Sub-Basin.

Minister for Mining and Energy Gerard Maley said: "The Territory Energy Link project reflects our government’s strategic and proactive approach to attracting and facilitating major, generational investments in the Northern Territory, through energy, infrastructure and logistics programs.

"Securing of tenure is commonly cited as one of the largest material risks to project viability by proponents, and our government has pledged to provide certainty and security to industry and investors, to unlock decades of prosperity for Territorians,” said Mr Maley.

The project will support the coordinated development of gas, hydrogen and critical minerals industries, while also future-proofing infrastructure for services like water and fibre optics.

“This isn’t just pipes in the ground. It’s about building confidence, securing jobs, and ensuring the Territory leads the nation in next-generation energy and infrastructure,” said Mr Yan.

As part of the CLP Government’s plan to rebuilding the economy, the Territory Energy Link delivers long-term economic and strategic benefits for the Territory, and Australia.

Source: Northern Territory Government Newsroom

Territory Coordinator hits the ground running

Thu, 15 May 2025 00:39:03 GMT

His Honour Professor the Honourable Hugh Heggie AO PSM, Administrator of the Northern Territory, has appointed Stuart Knowles as the Territory Coordinator.

Mr Knowles has been acting in the role since November last year.

Chief Minister Lia Finocchiaro said Mr Knowles' appointment as Territory Coordinator for four years meant the government could focus on delivering its promise to rebuild the economy.

“Stuart has extensive experience across both private and public sectors and brings a wealth of local knowledge through his deep connections and understanding of the Northern Territory’s unique challenges and opportunities," she said.

"In our year of action, certainty and security we are charging ahead with rebuilding the economy and the Territory Coordinator has a crucial role to play."

In March, the CLP Government passed the Territory Coordinator Bill in Parliament, delivering on its commitment to streamline decision-making and ensure a more coordinated response to supporting significant and complex developments in the Territory.

“The Territory Coordinator strengthens our ability to deliver economic growth, attract investment, and streamline processes," said Mrs Finocchiaro.

The Territory Coordinator will work closely with government agencies, industry, and key stakeholders to prioritise projects, facilitate approvals, and ensure the Territory remains competitive on a national and global stage.

The Territory Coordinator legislation underwent rigorous consultation with industry, community groups, and key stakeholders to ensure it delivers real benefits for Territorians.

Source: Northern Territory Government Newsroom

Tamboran Finalizes the Checkerboard of Beetaloo Basin Blocks and Announces US$15 Million Acreage Sale to Daly Waters Energy, LP

Tue, 13 May 2025 08:00:00 GMT

Highlights

Tamboran and Daly Waters Energy, LP (DWE) have signed a binding agreement to finalize the checkerboard of the joint acreage position across EPs 76, 98 and 117.
In conjunction with the checkerboard, Tamboran and DWE have entered into a binding agreement whereby DWE will acquire a non-operating and noncontrolling interest in 100,000 acres within two areas for a consideration of US$15 million. The transaction is subject to certain conditions precedent and regulatory approvals.
On completion, Tamboran will have retained approximately 1.9 million net prospective, development-ready acres across the Beetaloo Basin.
Tamboran has reserved 406,693 gross acres as its Phase 2 Development Area, located immediately north of the Pilot Area, where Tamboran plans to focus development on supplying gas into Australia’s East Coast domestic gas market.
On completion of the sale to DWE, Tamboran is expected to hold 236,370 net acres (58.12% operated interest) over the Phase 2 Development Area, with DWE (19.38%) and Falcon Oil & Gas Australia Limited (Falcon) (22.5%) holding the remaining interest.
Tamboran has engaged RBC Capital Markets to commence a formal farm-down of the Phase 2 Development Area. The formal process will commence on release of the IP30 flow test from the Shenandoah South 2H sidetrack (SS-2H ST1) well, planned for June 2025. DWE will have participation rights to any transaction on the same terms.
Ownership of the proposed northern Pilot Area, which will provide initial gas production to the Northern Territory, remains unchanged (Tamboran 47.5% operator) with expansion into the proposed southern Pilot Area (Tamboran 38.75%) anticipated in accordance with the terms of the acreage sale. Future working interests are subject to participation of parties in the Joint Venture.
Tamboran will hold 77.5% operating interest in the remaining half of the ex-EP 76, 98 and 117 acreage positions following the completion of the checkboard process, with Falcon holding the remaining 22.5% interest.

Source: Tamboran Resources Press Realease

Carpentaria Highway upgrades

Tue, 13 May 2025 02:40:22 GMT

Stage 3 tender award

The Australian Government and Northern Territory Government are progressing major upgrades to the Carpentaria Highway.

A tender has been awarded to Exact Contracting Pty Ltd for the design and construction of Stage 3 of the works. The Stage 3 upgrades will deliver a dual lane seal from chainage 140km to 175km of the Highway. The upgrades include the construction of a new two-lane sealed October Creek Bridge.

The works will include reconstructing, widening, lifting and other flood immunity improvements. The upgrades will improve safety and travel times, reduce vehicle operating costs and improve flood immunity to increase year round access.

The Stage 3 construction is planned to commence in May 2025 and is expected to be completed by December 2025.

During construction, detours and traffic management will be in place to reduce any impact to nearby businesses, properties and all road users.

About the project

The Carpentaria Highway is a key access road to Borroloola and the Beetaloo Sub-basin, and an important service route for the growing mining, pastoral, tourism and agricultural industries.

To enable the developing industries to benefit from the opportunities that are present in the region, there is a reliance on the surrounding road infrastructure to provide efficient transport connections.

The Carpentaria Highway upgrades are being delivered in five stages:

Stage 1 CH2km to 50km – completed September 2024.
Stage 2 CH50km to 140km – construction is underway, expected completion in June 2025.
Stage 3 CH140km to 175km – contract awarded for design and construction.
Stage 4 Carpentaria and Stuart Highway intersection upgrade - design underway.
Stage 5 CH175km to 270km - planning and investigation in progress.

Source: Carpentaria Highway major upgrade website

CTP: March Quarter Activities Report

Wed, 30 Apr 2025 21:52:23 GMT

MEREENIE OIL AND GAS FIELD (OL4 AND OL5) – NORTHERN TERRITORY CTP - 25% interest (and Operator), Echelon Mereenie Pty Ltd - 42.5%, Horizon Australia Energy Pty Ltd - 25%, Cue Mereenie Pty Ltd - 7.5%

Average gross gas sales from the Mereenie field were 9% higher than the previous quarter, averaging 27.2 TJ/d (100% JV). Production rates (net of system use gas) reached as high as 32 TJ/d during the quarter, following the successful drilling and commissioning of two new production wells, WM29 and WM30, in January and February, adding approximately 9 TJ/d of production capacity.

The sales capacity of the Mereenie field was approximately 31.5 TJ/d (100% JV) at the end of the quarter. There were minor impacts on sales volumes during the quarter due to a wireline programme which required the temporary shut-in of wells.

Oil sales averaged 355 bbls/d (100% JV) during the quarter.

Successful Mereenie drilling program

Two new production wells were successfully drilled and commissioned at Mereenie during the quarter. Similar to our last drilling program at Mereenie, the wells were designed to maximise production rate potential by applying air drilling techniques in a highly deviated well bore at crestal locations.

The first well, WM29, was brought online on 20 January. The second well, WM30, which spud on 16 January was brought online on 26 February. Both of these commencement dates were ahead of schedule. Combined, the two new wells initially increased Mereenie sales gas capacity (total wellhead production capacity less system use gas) by circa 9 TJ/d, significantly exceeding pre-drill expectations.

The project was delivered safely to an accelerated schedule with a total delivered cost under the budgeted $8 million (CTP 25% share).

PALM VALLEY (OL3) – NORTHERN TERRITORY

CTP - 50% interest (and Operator), Echelon Palm Valley Pty Ltd - 35%, Cue Palm Valley Pty Ltd - 15%

Production from the Palm Valley field averaged 7.1 TJ/d over the quarter (Central share: 3.55 TJ/d), 6% lower than the previous quarter due to an interruption for planned maintenance and natural field decline. S

ales capacity was approximately 7.3 TJ/d (100% JV) at the end of the quarter.

The Palm Valley JV has been progressing permitting and approvals for two new Palm Valley appraisal wells to increase field production capacity, subject to market conditions and a joint venture final investment decision.

DINGO GAS FIELD (L7) – NORTHERN TERRITORY

CTP - 50% interest (and Operator), Echelon Dingo Pty Ltd - 35%, Cue Dingo Pty Ltd - 15%

The Dingo gas field supplies gas directly to the Owen Springs Power Station in Alice Springs. Sales volumes were 5% lower than the seasonal-high previous quarter, averaging 4.3 TJ/d (Central share: 2.13 TJ/d). Central is considering opportunities to expand the Dingo plant, however this will be entirely subject to market conditions and successful gas contracting, and a joint venture final investment decision.

Source: Central Petroleum Announcements

EEG: Q1 2025 QUARTERLY REPORT

Tue, 29 Apr 2025 21:48:30 GMT

Highlights:

Empire’s focus through the Quarter has been planning for the hydraulic stimulation of Carpentaria-5H, which is scheduled to take place later this Quarter, and preparation for installation of the Carpentaria Gas Plant in accordance with the Company’s goal to commence gas sales from EP187
NLC meeting for the consideration of approval of Beneficial Use of Gas to take place in mid-May
Documentation of the Macquarie Midstream Infrastructure Facility completed shortly after Quarter end. Funds under this facility will be applied to the construction of the Carpentaria Gas Plant and associated in-field infrastructure
Total liquidity available at the end of the Quarter was $32.2 million, comprised of cash of $14.4 million and $17.8 million of undrawn funding available under the Macquarie facilities

Source: Empire Energy Group Announcements

Gas sector creating jobs, securing energy and rebuilding economy

Wed, 23 Apr 2025 04:20:29 GMT

The Finocchiaro CLP Government is backing the Territory’s gas sector and delivering on our commitment to rebuild the NT economy by growing our gas production, royalty revenue streams and attracting greater private investment.

Deputy Chief Minister Gerard Maley recently toured the Mereenie gas facility in Central Australia, accompanied by executives from Central Petroleum, Echelon Resources and Horizon Oil Limited.

The Mereenie Joint Venture, operated by Central Petroleum in partnership with Echelon Resources, Horizon Oil Limited and Cue Energy, demonstrates the long-term viability and economic value of onshore gas production in the Territory, by providing years of energy security, royalty revenue and local employment to Territorians.

The Mereenie gas field has been in operation for about 40 years, providing vital energy to Territory homes and businesses.

As the NT’s primary onshore gas producer, the Mereenie JV has demonstrated a longstanding commitment to local employment and has generated millions in royalty revenue and supported local NT supply chains.

Typically, the Territory begins receiving petroleum royalties once a company moves from the exploration and appraisal phase through to production, with the granting of a production licence.

Alternatively, if a company receives a Beneficial Use of Gas or ‘appraisal gas’ approval while holding an exploration permit or retention licence and they subsequently sell the appraisal gas, then royalties are payable to the Northern Territory.

Each year, Central Petroleum and its partners pay royalties to both the NT Government and the Central Land Council.

Recent drilling of the West Mereenie 29 and 30 wells has exceeded expectations, with Central Petroleum and partners recently supplying about 30 terajoules of gas to the NT market per day, which is about half of the Territory’s daily gas demand.

Mr Maley also visited the Inpex Ichthys Liquefied Natural Gas processing facility at Bladin Point, which represents one of the largest private investments ever in the Northern Territory, valued at about $60 billion.

“The Mereenie and Ichthys projects symbolise the scale and significant opportunity afforded to the Territory by our gas industry," said Mr Maley.

“The Finocchiaro CLP Government promised 2025 would be a year of action, certainty and security, and these operations are not only driving energy security, but they’re creating jobs and opportunities for Territorians.”

Inpex is preparing for a planned maintenance shutdown from late August to October this year, at an estimated cost of over $300 million, to lay the groundwork for future expansion and emissions reduction initiatives.

This will result in an additional 1,000 workers at the Ichthys LNG facility and 22 local contracts, providing opportunities for Territory businesses.

Last week, Inpex, as operator of the Bonaparte Carbon Capture and Storage Venture, with partners TotalEnergies and Woodside Energy, announced the commencement of preliminary front-end engineering design work to develop the Bonaparte CCS Project in the Bonaparte Basin, about 260 km offshore to the west of Darwin.

This is a critical milestone in the development of Darwin as a low-emissions and decarbonisation powerhouse, with Inpex's Ichthys LNG project to be the anchor customer for the Bonaparte CCS project, which is capable of storing up to 10 million tonnes of carbon dioxide per annum.

Source: Northern Territory Government Newsroom

STO: 2025 First Quarter Report

Thu, 17 Apr 2025 02:35:22 GMT

Operational excellence supporting strong financial results

Strong free cash flow from operations of ~US$465 million, up 9 per cent on the prior quarter, from sales revenue of US$1.3 billion.
Increased production of 21.9 mmboe, up two per cent on the prior quarter driven by higher production from Western Australia.
Sales volumes of 23.3 mmboe, down one per cent on the prior quarter. LNG sales were 3 per cent higher than the prior quarter, offset by lower liquids sales.
Gearing is at 22.2 per cent, excluding operating leases (25.1 per cent when included).
Unit production cost for the year is expected to be within market guidance.

Maximising production through existing infrastructure

Western Australian production volumes increased by more than 18 per cent on prior quarter, driven by the Halyard-2 infill well.
Continued high reliability of 99.8 per cent from the operated gas facilities and high throughput at PNG LNG resulted in full plant capacity in the first quarter. This was supported by strong Angore production.
Record daily GLNG upstream production from Scotia field of 97.3 TJ per day, supporting annualised run rate of 6.0 million tonnes of LNG for the quarter.
Executed Memorandum of Understanding (MOU) with Tamboran Resources for joint study on Beetaloo gas export options through Darwin, where Santos has approved expansion capacity to a maximum of 10 million tonnes of LNG per annum.

Development projects nearing production

Barossa LNG is 95.2 per cent complete with the Gas Export Pipeline and Darwin Pipeline Duplication complete, the majority of subsea infrastructure installed and the FPSO shipyard commissioning over 90 per cent complete. Four wells have been drilled and completed, a fifth well is suspended for later completion and drilling of the sixth well is in progress. Production from four wells is capable of delivering full production rates at DLNG. The project remains on track for first gas in the third quarter of this year.
Pikka phase 1 is 82.2 per cent complete and average well flow rates at 6,900 bbls/day. The 120-mile pipeline is now substantially complete. While there is no change to market guidance of first production in mid-2026, this creates the opportunity for an early startup, subject to weather and logistics which will become clearer in the second quarter.

Santos Managing Director and Chief Executive Officer Kevin Gallagher said that Santos delivered another solid quarter of production and cash flow generation from our diversified portfolio, demonstrating the strength of our disciplined low-cost operating model.

“The business remains strong and resilient, maintaining free cash flow from operations breakeven oil price less than US$35 per barrel in 2025.

“Despite volatile capital markets and commodity prices, Santos stayed focused on operational and project execution excellence, and the company continued to perform well. Our LNG contract portfolio provides flexibility and positions Santos to capitalise on emerging market opportunities amid ongoing volatility,” Mr Gallagher said.

“Our development projects are nearing completion within cost and schedule guidance. When the Barossa and Pikka projects come online, production is expected to increase by more than 30 per cent by 2027. These two world-class projects are expected to set the company up with long-term, stable cash flows to underpin competitive shareholder returns in line with our commitment to return at least 60 per cent of all-in free cash flow to shareholders, and up to 100 per cent when gearing falls below our target range.

“Moomba CCS is online and performing as predicted. In the first six months of operations, more than 685,000 tonnes (gross) of CO2-equivalent were injected for safe, permanent storage. Carbon capture and storage (CCS) underpins our decarbonisation strategy which was overwhelmingly endorsed by our shareholders at our Annual General Meeting last week,” Mr Gallagher said.

“Whilst the current market environment is challenging, our focus in 2025 remains clear: operating our base business safely and reliably, bringing our development projects online within guidance and staying focused on cost of supply. Our portfolio is resilient in a volatile environment and we have an advantaged geographical position into regions with growing demand and highly sought after products,” Mr Gallagher said.

Source: Santos Website

INPEX: Bonaparte CCS Joint Venture achieves robust appraisal results and progresses into pre-FEED to support a large-scale carbon capture and storage (CCS) project

Wed, 16 Apr 2025 23:53:53 GMT

The Bonaparte CCS Joint Venture (INPEX Browse E&P Pty Ltd 53% as Operator; TotalEnergies CCS Australia Pty Ltd 26%; and Woodside Energy Ltd 21%) announced it has commenced preliminary front-end engineering design (pre-FEED) work to support development of the Bonaparte CCS Project, located in the Bonaparte Basin, approximately 260 kilometres offshore Darwin, Australia. The Bonaparte CCS Joint Venture was formed in 2022 to appraise the awarded greenhouse gas storage assessment acreage (title G-7-AP). The decision to progress the project into pre-FEED follows the successful completion of both the selection of engineering concept and a comprehensive appraisal program, which included ~1,800 square kilometres of new three-dimensional seismic surveying and two carbon dioxide (CO2) storage appraisal wells. The appraisal program confirmed the presence of a high-quality saline aquifer reservoir in the Bonaparte Basin together with thick sealing formations considered suitable for safe and permanent long-term carbon storage.

INPEX Managing Director and Country Chair Australia Tetsu Murayama said achieving the Bonaparte CCS pre-FEED milestone is an important step towards a lower carbon future. “The Bonaparte CCS appraisal results are outstanding and have exceeded our expectations. The G-7-AP acreage is proving up to be one of the most promising CO2 storage sites globally. “Bonaparte CCS Joint Venture intends to transport and store CO2 safely and permanently offshore northern Australia in the Bonaparte Basin, which has a potential carbon storage capacity of more than 10 million tonnes per annum, with Ichthys Joint Venture expected to be the anchor customer.

“With a plan to commence CO2 injection around 2030, the proposed Bonaparte CCS project could substantially contribute to decarbonising northern Australia and potentially the wider Indo-Pacific region,” Mr Murayama said.

Source: INPEX Australia

ECH: Arafura Gas Supply Agreement Update

Tue, 15 Apr 2025 23:28:20 GMT

Echelon Resources Limited refers to its release dated 3 February 2025 and advises the existing conditional Gas Sales Agreement with Arafura Rare Earths has lapsed due to the condition precedent on Arafura final investment decision not being satisfied.

Echelon’s CEO, Andrew Jefferies, said “this is simply a case of timing and priorities no longer aligning. The condition satisfaction period for the agreement has been extended several times, but as we focus on providing production and development certainty, the Mereenie Joint Venture has decided that it’s time to re-market the gas. We part with Arafura, on this agreeement, on good terms and remain strong supporters of the Nolans Project. We look forward to working together as this project phases progress."

Source: Echelon Resources ASX Announcement

Delivering certainty for the NT tradies of tomorrow

Thu, 10 Apr 2025 01:18:21 GMT

The Territory’s future workforce has received a major boost today with the official opening of the new $10 million Trades Training Centre at Charles Darwin University’s Casuarina campus.

Funded through a $6.8 million investment from the Finocchiaro CLP Government, the state-of-the-art centre will play a pivotal role in developing a skilled, agile and capable workforce to meet the growing demands of industry across the Territory as we rebuild our economy.

Minister for Education and Training Jo Hersey said the new facility was a significant step forward in supporting apprentices and trainees across a broad range of essential trades.

"This is an exciting day for the Territory. The Trades Training Centre will give more Territorians the opportunity to train locally, stay locally, and contribute to the growth of our economy,” said Ms Hersey.

“We're not just investing in bricks and mortar — we're investing in people, skills and a strong future workforce for the Northern Territory.

“This is real action to deliver certainty for students and industry, and to build long-term security for our local economy.

"2025 is our CLP Government's year of action, certainty and security."

The 2,400-square metre, two-storey building includes a heavy equipment precinct, assembly and workshop spaces, an industrial sandpit, and modern classrooms, all designed to provide hands-on, industry-standard training environments.

The Centre will cater to over 500 students per year and offer qualifications in key trades including construction pathways, carpentry, plumbing, roof plumbing, and electrotechnology.

CDU TAFE will also have the capacity to expand offerings into painting and decorating, wall and floor tiling, plastering, block laying and waterproofing.

“This new training hub is purpose-built to meet the needs of both students and employers,” said Ms Hersey.

“Whether you're starting out as an apprentice or looking to upskill, this Centre provides a real pathway to employment and success in the trades that are vital to our Territory’s development.”

CDU Pro Vice-Chancellor and Chief Executive TAFE Michael Hamilton said the new Centre would ensure a more enriching educational experience for the NT’s future tradies.

“The University has enhanced trades training and the student experience by providing high-quality equipment, industry-relevant curriculum, and collaborations with leading trade professionals,” said Mr Hamilton.

“The Centre offers a dynamic learning environment that will contribute to the professional growth of our students.”

The new Trades Training Centre reaffirms the Finocchiaro CLP Government’s commitment to training the workforce of the future and strengthening vocational education and training across the Top End.

Source: Northern Territory Government Newsroom

Spotlight on Empire Energy as first NT gas production looms

Wed, 02 Apr 2025 05:15:08 GMT

It has been a long and winding road for Empire Energy (ASX: EEG) , but at last all the stars appear to be aligning for the aspiring Northern Territory gas producer.

The company is in line to become Australia’s first commercial producer of shale gas later this year from the Top End’s massive 33,000 square kilometre onshore Beetaloo Basin.

Its new 3.3-kilometre C-5H horizontal well – now the longest horizontal well in the Beetaloo Basin - has been drilled out and is awaiting a final “beneficial use of gas” nod of approval from the traditional landowners.

The past two months must have been an anxious time for the company ahead of delivering its first commercial molecules to market, given the forecast of heavy weather during the Territory’s infamous wet season.

Without that, the company would already be off to a flying start.

Instead, Empire made the tough decision to delay the hydraulic stimulation - known as fracking - of its new well.

The company is now gearing up to open the well up in May and will work through about 60 fracture stimulation stages. Unlike the company’s previous smaller wells, Carpentia-5H has been completed using 5.5 inch casing, allowing sufficient horsepower in the stimulation phase to significantly increase gas productivity.

Empire last year signed a long-term gas sale agreement with the territory government for up to 25 terajoules (TJ) of gas per day for 10 years, with an option to increase sales by an extra 10TJ per day if Empire’s daily production rates reach more than 100TJ per day.

The company also received the crucial production licence in November for up to 12 wells, allowing for gas extraction. Additionally, a T-junction has now been installed into the McArthur River pipeline that runs straight past Empire’s processing plant. This will provide an all-important link to move gas towards its end markets.

Nothing is ever set in stone when it comes to the notoriously risky oil and gas industry. If Empire can prove that Beetaloo is a massive new source of commercial gas then there is likely to be no shortage of big boys - especially some of the American majors with shale gas experience - who suddenly start to take an interest in the basin.

The Beetaloo has been a bit of a revelation in oil and gas circles, with some estimates placing its gas endowment as high as 500 trillion cubic feet (Tcf) of gas.

In a strong signal that energy major Santos Limited believes there is a rosy future for the basin, the Adelaide-based company is now planning two wells in 2026 and considering a second LNG production unit at its Darwin plant to open up a pathway to international gas from Beetaloo.

Santos’ plans come hot on the heels of another nod to the region’s prospectivity after gas pipeline operator APA Group revealed it was gearing up to build a new $66 million gas link in the territory.

The 37km pipeline, which is due for completion by 2026, will provide ASX-listed Tamboran Resources’ Shenandoah South Pilot project with access to APA’s Amadeus gas pipeline running between Alice Springs and Darwin.

Other existing nearby but offshore gas producers will no doubt be keeping a close eye on how the basin develops, including ENI, a top 10 global oil and gas producer partially owned by the Italian government.

ENI operates the Blacktip gas field 300km southwest of Darwin but has been plagued with production issues of late, forcing its main customer - the territory government - to sue the producer for non-delivery and to compensate it from having to pay expensive spot market gas prices to make up a supply shortfall.

A position in the Beetaloo could potentially provide ENI with a quick fix.

The 21 per cent Japanese government-owned INPEX Corporation is another major oil and gas company with substantial interests in the region. Its majority held Ichthys LNG facility in Darwin processes 9.3 million tonnes of liquified gas per year from its gas fields, 820km southwest of the capital.

INPEX is a huge supplier of LNG to the Japanese market. Seventy per cent of its production goes back home, equating to 10 per cent of the country’s total LNG requirements.

Ichthys gas, however, also contains very high levels of up to 11 per cent carbon dioxide, which many see as a rapidly growing problem in a world looking to reduce its carbon emissions.

One obvious solution for INPEX would be to get on the Beetaloo gas production bandwagon, which, in contrast to offshore gas, has impressively low carbon dioxide levels of about 1 per cent.

Empire’s reservoirs sit along the eastern edge of the onshore basin and generally host wet gas that is richer in heavier hydrocarbons such as ethane and pentane. The addition of these gases could command a 10 per cent premium sale price to gases in other parts of Beetaloo.

The “wetter” gas is likely to be of particular interest to the Japanese export market, which prefers this composition. Ethane is a key ingredient for producing ethylene, a vital building block in plastics manufacturing.

The territory - now governed by the Country Liberal Party – is hugely supportive of gas development in the region. If the coalition gains a majority in the upcoming federal election, it’s possible a new national government could also throw its weight behind further gas projects.

State or federal governments are growing increasingly anxious about a potential impending gas supply crunch in the Eastern States. They, multinational players looking to expand into a newly proven gas field, or nearby producers aiming to improve their production profile will all have an interest in a successful outcome for Empire’s endeavours.

As Empire edges closer to delivering its first commercial gas, all eyes are on the company. With so many vested parties watching - each with something to gain - the stage is set for a high-stakes moment in Australia’s energy landscape.

As the old saying goes: It’s better to be looked over, than overlooked.

Source: Bulls N' Bears

TBN: Tamboran and Arafura Rare Earths sign LOI for future gas supply from the Beetaloo Basin

Mon, 31 Mar 2025 23:55:35 GMT

Highlights

Tamboran Resources Corporation has entered into a non-binding Letter of Intent (LOI) with a wholly owned subsidiary of Arafura Rare Earths Limited (ASX: ARU) to progress discussions for potential gas supply from Tamboran’s Beetaloo Basin assets to Arafura’s Nolans Rare Earth Project in the Northern Territory.
Under the agreement, Arafura intends to support the development of Tamboran’s Beetaloo Basin acreage by purchasing 18 – 25 terajoules per day (TJ/d) (~18 – 26 MMcf/d) of gas for up to 10 years.
Arafura’s Nolans Rare Earth Project is located 404 miles (650 kilometres) south of Tamboran’s Beetaloo Basin acreage. Arafura’s proposed downstream rare earth processing facility is situated adjacent to the existing Amadeus Gas Pipeline (AGP).
The two parties will work in good faith to negotiate a full form term sheet and definitive form documentation.

To view the full ASX announcement, click here.

Source: Tamboran Resources

ENB: Santos fires warning shot on gas policy as Dutton pledges fast-track

Sun, 30 Mar 2025 21:19:04 GMT

Santos is doubling down on calls to fast-track the Narrabri and Beetaloo gas projects while issuing a warning to the Albanese government not to meddle with export contracts or face serious consequences.

"Sensible policy settings and regulatory certainty will be critical to ensuring Australia remains an attractive destination for energy investment," a Santos spokesperson said, as the federal election campaign officially kicked off ahead of the May 3 poll.

The Adelaide-based gas producer cautiously welcomed the Coalition's election promise to accelerate approvals for priority gas projects and supported Opposition Leader Peter Dutton's proposed reservation policy to earmark up to 20% of east coast gas for domestic use.

"As outlined by the Opposition, a reservation policy should only be applied to uncontracted gas to provide assurance to our trading partners and avoid increasing the sovereign risk of investing in Australia," the spokesperson said.

Santos has locked in export deals with Japanese customers, but faces a tightening domestic market as existing contracts expire and the Australian Energy Market Operator (AEMO) forecasts supply shortfalls from 2026.

Santos' $3.6 billion Narrabri Gas Project in New South Wales — which could supply up to half the state's gas needs — remains mired in legal challenges, native title disputes, and some community pushback.

Meanwhile, in the Northern Territory's Beetaloo Basin, Santos and Tamboran Resources have upgraded their gas resource estimates and are considering expanding Darwin LNG. However, the highly technical project is still in early stages and depends on federal support to move forward.

What will Labor do?

The Albanese government is yet to unveil an east coast gas reservation policy, but pressure is mounting. While speculation grows that Labor may force uncontracted gas into the domestic market, Santos has highlighted its track record on supply and its capacity to redirect exports.

"Santos has been on the record for many years now in support of a prospective domestic gas reservation policy and has already committed 100% of gas from the Narrabri Gas Project to the domestic market," the spokesperson said.

"Santos has no uncontracted east coast gas."

Santos' logical solution

Santos insists the Narrabri and Beetaloo basins remain a "logical solution" to the looming east coast gas shortfall and should advance without further delay, despite prolonged holdups from environmental approvals, regulatory hurdles and activist opposition.

The company argues that unlocking new supply from the onshore basins would bolster domestic energy security while reinforcing Australia's reliability with Asian LNG buyers amid sustained global demand. Advancing the projects, he says, would also send a clear signal to international investors about Australia's commitment to long-term gas development.

Source: Energy News Bulletin

CLP scraps Labor’s failed 50% renewables by 2030 target

Wed, 26 Mar 2025 21:06:15 GMT

The Finocchiaro CLP Government will scrap the former Labor government’s unachievable target of 50% renewable energy generation by 2030.

Years of inaction, lack of coordinated infrastructure investment, rising power prices, and grid instability under the previous Labor government has made it clear that attempting to meet this target would put an unacceptable financial burden on Territorians and crippling pressure on our aging electricity network.

Minister for Mining and Energy and Minister for Renewables, Gerard Maley, said the CLP Government was taking a responsible and pragmatic long-term approach to energy reform, guided by three key strategic priorities: affordability, security and reliability.

“Today I will deliver a Ministerial Statement outlining our government’s plan to secure the Northern Territory’s energy future,” said Mr Maley.

“Our government has promised 2025 will be a year of action, certainty and security, and that’s what these changes will deliver.”

After eight years of Labor and their 50% renewables target, renewables in 2024 accounted for less than 20% of the Territory’s energy generation.

Achieving Labor’s 50% renewable target by 2030 is now estimated to cost up to $5 billion, which equates to $56,000 per Jacana household.

“If we don’t make these changes, Territorians would be paying the highest power prices in the country,” said Mr Maley.

“We are taking decisive action to secure the Territory’s energy future by developing vital reforms to improve grid reliability, lower costs, and ensure a stable and well-managed energy transition.”

To protect households and businesses, the CLP Government has responsibly capped retail electricity prices to 3%, benefiting around 85,000 households and small-to-medium businesses.

Other measures include:

Strategic investment in energy infrastructure to address forecasted energy supply shortfalls;
Expansion of large-scale solar and battery storage to reduce the cost of supply whilst maintaining grid stability; and
Development of the Beetaloo Sub-basin to provide an abundant and reliable source of gas to underpin our energy security and economic growth.

“Our focus is on delivering an affordable, reliable, and secure energy system that meets the needs of families, businesses, and industry — now and into the future,” said Mr Maley.

“That means balancing renewables with gas to optimise grid stability, drive down costs, and ensure supply security.

“If we continue with Labor’s reckless pursuit of a 50% renewable energy target by 2030 without the necessary investment and planning, it won’t just be an ideological issue—it will require substantial infrastructure upgrades that will lead to higher electricity costs, an increased risk of blackouts, and greater instability across the electricity network.

“We are taking responsible action to stabilise the grid while ensuring renewables can expand in a way that benefits Territorians.

“Our approach ensures a stable, affordable, and prosperous energy future for Territorians — without sacrificing reliability or driving up costs.”

Source: Northern Territory Government Newsroom

Rebuilding our economy: CLP scraps third-party merits reviews

Mon, 24 Mar 2025 21:09:42 GMT

The Finocchiaro CLP Government has passed the Petroleum, Planning and Water Legislation Amendment Bill 2025 in Parliament today, paving the way for certainty and investment in the Territory’s economy.

Minister for Lands, Planning and Environment Joshua Burgoyne said the changes would remove the ability for third parties to seek merits review of decisions made under the petroleum, planning and water acts.

“To rebuild the Territory’s economy, we must provide business and industry with the confidence to invest their time and money to develop here,” said Mr Burgoyne.

“For years, development in the Territory has been held hostage to the whims of groups with disruptive agendas who have weaponised the merits review process to delay development at all costs.”

Since 2020, there have been 18 third-party merits reviews on decisions made by the independent Controller of Water Resources under the Water Act 1992.

Almost all of the original decisions were upheld after the third-party merits review process concluded.

“These constant delay tactics have cost the NT Government and proponents significant time and money and ultimately, have damaged our economy,” said Mr Burgoyne.

“It is time for an approval to mean an approval once more, and this all ties in with our commitment for 2025 being a year of action, certainty and security."

Mr Burgoyne said the NT’s planning and environmental laws had been reformed over time to be strong and contemporary, with projects under the relevant acts subject to a range of regulatory processes, including public exhibition.

“The public exhibition process allows stakeholders and interested parties to make submissions, with all submissions required to be considered by the decision maker," he said.

“If interested parties are serious about ensuring projects are safely regulated, they should be making a dedicated effort to partake in public exhibitions, rather than wait until informed decisions are made and seeking to delay projects through the merits review process."

The common law right to judicial review will remain and any third-party merits review processes already underway will continue.

Source: Northern Territory Government Newsroom

TEE: Appointment of Luke Velterop as CEO

Mon, 24 Mar 2025 05:26:30 GMT

Top End Energy is pleased to announce the appointment of Luke Velterop to the role of Chief Executive Officer, effective immediately.

Patrick Burke, Chairman commented: “We're thrilled to see Luke take on the role of CEO. His strategic vision in the natural hydrogen sector was a key factor in our decision to acquire Serpentine Energy. With experience across both traditional and emerging energy sectors, combined with an entrepreneurial mindset, he is the ideal fit to lead our next phase of growth.”

Luke joined the Company in December 2024 as part of the acquisition of Serpentine Energy Pty Ltd. He brings leadership experience in the U.S. natural hydrogen sector as the Founding Director of Serpentine Energy and former Chief Operating Officer at HyTerra. Based in the United States, Luke has a professional background in geology, oil and gas drilling operations, project management and new energy projects. He started his career in oil and gas exploration and production before shifting focus to pursue clean hydrogen opportunities in 2020. Luke is a substantial shareholder in TEE, holding approximately 10% of the ordinary shares on issue, further underscoring his commitment to its long-term success.

On his appointment, Luke Velterop added: "I’m honoured to step into this role and highly motivated to unlock the transformative value of the natural hydrogen sector for the Company and its shareholders. I look forward to working with the excellent team in Australia as we develop our exciting gas projects.”

Source: Top End Energy Website

Territory Coordinator Bill passes Parliament

Tue, 18 Mar 2025 23:35:08 GMT

The Finocchiaro CLP Government has early this morning passed the Territory Coordinator Bill in Parliament, delivering on its commitment to streamline decision-making and ensure a more coordinated response to supporting significant and complex developments in the Territory.

Chief Minister Lia Finocchiaro welcomed the passage of the Bill, highlighting its significance in re-defining the way business is done in the Northern Territory.

“This Bill strengthens our ability to deliver economic growth, attract investment, and streamline processes. It ensures we have the right structures in place to drive significant economic development opportunities efficiently and with certainty,” said Mrs Finocchiaro.

The Territory Coordinator will work closely with government agencies, industry, and key stakeholders to prioritise projects, provide expert advice, and ensure the Territory remains competitive on a national and global stage.

"Whether it’s coordinating essential infrastructure, identifying areas within the Territory for development or supporting significant projects, this role ensures we have the necessary framework to get things done efficiently," said Mrs Finocchiaro.

Mrs Finocchiaro also acknowledged the extensive community engagement undertaken during the consultation period.

“I’d like to thank interim Territory Coordinator Stuart Knowles and my department for their dedication," she said.

"Throughout the process, 321 participants attended six Community Information Forums, 559 written submissions were received, and 89 meetings were held with 267 individuals representing key sectors.”

The Bill was submitted to the Scrutiny Committee, a key accountability measure reinstated by the CLP after being scrapped by Labor.

It underwent rigorous consultation with the community industry, community groups, and key stakeholders to ensure it delivers real benefits for Territorians.

The passing of the Territory Coordinator Bill is a key component of the Finocchiaro CLP Government’s broader strategy to drive economic growth and reinforce the Territory’s commitment in rebuilding the economy and delivering action, certainty, and security for Territorians.

Source: Northern Territory Government Newsroom

New five-year agreement to help boost businesses in the Territory

Tue, 18 Mar 2025 21:11:33 GMT

A new Designated Area Migration Agreement (DAMA) has been secured for the Northern Territory to provide ongoing access for employers in the Territory until 30 June 2030.

The new agreement features an expanded range of 325 occupations across various industries and sectors in the Territory where there are workforce shortages.

There were 135 occupations available under the previous DAMA.

The NT was the first jurisdiction to establish a DAMA in 2015 and this will be the third DAMA established for the Territory.

The NT DAMA III allows for up to 1,500 approved nominations per year for overseas workers on a Skills in Demand or Skilled Employer Sponsored Regional visa, an increase from the 625 annual nominations facilitated under the previous agreement.

Evidence of sustained labour market shortages is a key component in the establishment of the new DAMA and includes occupation and regional level labour market analysis undertaken by Jobs and Skills Australia.

Since 2015, the NT DAMA has enabled local employers to address their unique economic and labour market needs with a level of flexibility that is not available in standard skilled migration programs.

The new approach will also support the alignment of the DAMA program with state and territory migration plans and the multi-year planning models.

Minister for International Education, Migration and Population Robyn Cahill said: “The CLP Government is making it easier for Territory businesses to recruit and retain overseas workers in occupations that are in demand."

“Territory businesses experiencing critical skill shortages will now have access to more places and more occupations under the new and improved DAMA III," she said.

“DAMA III provides greater access to migrants and streamlined process for people wanting to live and stay in the Northern Territory.”

Federal Assistant Minister for Immigration, the Matt Thistlethwaite said: “The Albanese Government is supporting NT businesses to secure the workers they need to grow their businesses and thrive."

“At the same time, we make sure that workers are paid fairly with decent wages and conditions to participate in top end communities," he said.

“We have worked with the NT government to develop an agreement that will support business growth, fair worker conditions and growth in the NT economy.”

Source: Northern Territory Government Newsroom

Government acts to secure economic growth for the NT

Mon, 17 Mar 2025 23:17:11 GMT

The CLP Government has today launched its Rebuilding the Economy Strategy 2025-2028, an action plan to drive economic growth, create jobs, and restore confidence in the Territory’s future.

Speaking at the launch at a Minerals Council-hosted breakfast this morning, Chief Minister Lia Finocchiaro outlined the urgent need for action following eight years of economic decline, population stagnation, and missed opportunities under the previous government.

“Our schools are seeing fewer students, our businesses are struggling to find workers, and our communities are losing the people who make them thrive,” said Mrs Finocchiaro.

“Last August, Territorians placed their trust in our government to turn things around, and today’s Rebuilding the Economy Strategy is a direct response to pacing a way forward."

The strategy is a comprehensive blueprint for economic recovery, focusing on five key priorities:

Making the NT the best place to do business – Cutting red tape, delivering regulatory reform, and ensuring investment confidence.
Building a bigger, better workforce – Expanding school-to-work pathways, supporting businesses, and attracting skilled workers.
Delivering for Australia – Strengthening the NT’s role in national economic growth, energy security, and defence.
Unlocking regional growth – Empowering local businesses, investing in tourism, and strengthening partnerships with Aboriginal communities.
Connecting the Territory – Improving infrastructure, digital connectivity, and transport links to support business and population growth.

The Chief Minister emphasised the strategy was not just words, but a plan already being implemented.

“Our government has moved swiftly to address the economic mess we inherited. We have introduced payroll tax reforms, streamlined project approvals, and refocused infrastructure projects to deliver real outcomes for Territorians," said Mrs Finocchiaro.

The strategy also tackles critical issues such as crime, population retention, and investment attraction, which are key to reversing economic stagnation and making the NT a more attractive place to live and do business.

“We will actively attract skilled workers, provide incentives for families to stay, and ensure the Territory is once again a place where people want to build their future. This means real action — reducing crime, improving housing, and strengthening our education system," said Mrs Finocchiaro.

The Rebuilding the Economy Strategy 2025-28 acknowledges the Territory’s unique competitive advantages, including world-class mineral deposits, abundant water resources, strategic defence importance, strong agricultural and tourism sectors, and trade positioning.

“The Northern Territory has everything it needs to succeed. Our government is determined to unlock the full potential of our industries, attract new investment, and build a more prosperous future for all Territorians," said Mrs Finocchiaro.

For more information, or to download a copy of the strategy, visit the website.

Source: Northern Territory Government Newsroom

ENB: Inpex pushing ahead with Ichthys Train 3 as part of its long-term LNG plans

Mon, 10 Mar 2025 21:13:15 GMT

Japan's Inpex has doubled down on its commitment to expanding liquefied natural gas (LNG) production in Australia, identifying a long-anticipated third processing train for its Ichthys LNG project in Darwin as a key part of its newly launched Inpex Vision 2035.

Inpex, backed by Japan's strong gas push, signalled fresh enthusiasm for Australia with a multibillion-dollar roadmap for Ichthys—but it all depends on Australia cutting red tape.

In March 2023, CEO Takayuki Ueda warned that the country's gas policies could have "sinister consequences." By December, reports suggested Japan's trust in Australia's energy security was fading, putting LNG and hydrogen investments at risk

"This focus on LNG is good news for Ichthys.," MD Bill Towsend said at EXA 2025 in Perth today.

"The project has a 40-year lifespan, meaning operations could run until at least 2058. However, we currently don't have enough gas in the Ichthys reservoirs to sustain that timeline.

"There're two reservoirs to keep our facilities full for the full 40-year operating life so we are intending to find backfill and we found some with Cash Maple already and we'll continue to do so to keep our facilities up and running at full capacity until 2058 or beyond," he added.

Townsend said Inpex growth would need an expansion at the facility, driven by growing regional demand.

"Beyond the two processing trains that we have in Darwin, we're looking to expand with the third train there, on the back of the demand growth," he added.

"Recent data from Rystad shows gas demand in the region is set to rise 60% over the next decade, peaking in 2035," he said.

"That contradicts some popular narratives and underscores the need for long-term supply."

Inpex is also taking steps to address Ichthys LNG's high carbon footprint, with plans to cut emissions in the near term.

"We've formed a joint venture with Woodside and TotalEnergies on the Bonaparte CCS project, which we see as a world-scale carbon capture and storage opportunity," Townsend said.

"For Ichthys alone, this could reduce CO₂ emissions by about 40%," he added.

Source: Energy News Bulletin

CTP: Mereenie Development Program Outperforms

Fri, 07 Mar 2025 05:37:34 GMT

Central Petroleum Limited (ASX:CTP) (“Central” or “Company”) advises that the recentlycompleted WM30 production well at the Mereenie field was tied-in and brought online on 26 February.

WM30, the second and last well in the Mereenie drilling program, is currently producing over 4 TJ/d at the wellhead (100% JV) and is expected to stabilise at between 4 TJ/d and 4.5 TJ/d, exceeding the pre-drill expectation of circa 3 TJ/d per well. Combined, WM29 and WM30 have increased Mereenie sales gas capacity1 by circa 9 TJ/d.

Total Mereenie field sales capacity is currently circa 32 TJ/d, meaning the two-well development program has significantly exceeded expectations. Mereenie sales volumes over the past week have ranged between 28 and 32 TJ/d due to temporary export pipeline restrictions and maintenance to existing wells.

The additional Mereenie gas is being sold on an as-available basis into the Northern Territory market under recently executed GSAs. Firm gas under those contracts can be expanded by up to 6 TJ/d (100% JV) to generate further firm cash flow from this development well program.

The project was delivered safely to an accelerated schedule with a total delivered cost under the budgeted $8 million (CTP share).

Central’s Managing Director Leon Devaney said, “This is a great outcome for the project, with production rates about 50% above pre-drill expectations, commencement ahead of schedule, and project delivery under budget. A sincere thanks to all our staff, contractors, and Joint Venture partners involved in this project. Working over summer in the Territory heat is never easy, but the team worked together to safely deliver reliable affordable energy to Territorians. We now look forward to other opportunities to increase production within a tight NT gas market to drive further value from our operating assets.”

Source: Central Petroleum Announcements

Green waste to fuel industry in new business expansion

Thu, 06 Mar 2025 21:07:06 GMT

Northern Territory start-up Environmental Keystones has been awarded the first investment by the Territory Infrastructure Loans program to construct, fit out and operate a cutting-edge pyrolysis plant in Wishart.

Pyrolysis is the process of thermally degrading organic materials at elevated temperatures, and Environmental Keystones, in partnership with Pyrochar Pty Ltd, has commercialised CSIRO-developed technology to do so.

The facility, which will be the first of its kind in the Territory, and the only one in Australia using CSIRO technology, will be capable of processing up to 50,000 tonnes each year of waste such as grass and shrub clippings, branches, woodchips, and palm fronds.

The plant will then convert the green waste into commodities including:

Bio-char which can be used in agriculture as fertiliser, as well as in water and air filtration systems.
Bio-oil which can be used as fuels, in refineries and bunker oils for ships.
Syngas which is used in industrial processes, for synthetic natural gas and sustainable aviation gas production.
Fertiliser and other high value carbon biproduct goods are on Environmental Keystones’ road map over the next 3 years.

The $8 million project has been made possible through a $5.59 million concessional loan from the Territory Infrastructure Loans program, funded by the Australian Government’s Northern Australia Infrastructure Facility (NAIF) and the CLP Government.

This project is also supported by CSIRO and Pyrochar and will be the first of its kind in Australia, pioneering new advancements in the industry.

Minister for Trade, Business and Asian Relations Robyn Cahill said: "The Northern Territory Government, in partnership with NAIF, is proud to support Environmental Keystones as it develops a new solution to manage and repurpose green waste. "

“We look forward to continuing to work with the team as they progress the project, which is building industry capability, and creating brand new jobs for Territorians," she said.

The aim of the loan program is to elevate businesses looking to deliver small-scale Territory projects that expand infrastructure and improve outcomes, including for Indigenous Territorians.

It’s anticipated that Environmental Keystones will create 30 new jobs during construction of the plant, and a further 12 full time positions during operations.

For more information about the Territory Infrastructure Loans, please visit: https://invest.nt.gov.au/here-to-help/financing.

Quotes attributable to Minister for Northern Australia, Madeleine King:

“A strong north means a strong Australia.

“With support from NAIF, the Territory Infrastructure Loans program is supporting our regions and helping to create good, well-paid jobs.

“The Albanese Government will back more businesses through this program and continue to strengthen Northern Australia’s economy.”

Quotes attributable to Special Envoy for Defence, Veterans' Affairs and Northern Australia, Luke Gosling:

"This $5.59 million concessional loan underlines the Australian Government’s commitment to supporting projects that drive job creation, infrastructure growth, and sustainable practices across Northern Australia.

"The funding awarded to Environmental Keystones marks a significant step forward in sustainable development for Northern Australia, showcasing the region's potential as a leader in green technologies.

"This pioneering pyrolysis plant in East Arm will not only improve waste management but also create secure ongoing jobs and high-value commodities, contributing to a more sustainable future for the Northern Territory.”

Quotes attributable to Pyrochar CEO, Cameron Bell:

“Pyrochar is very excited to bring our technology to Environmental Keystones in the NT, transforming Northern Territory’s green waste into valuable energy and carbon products, producing clean & renewable energy while importantly creating local, long-lasting jobs.”

Quotes attributable to Environmental Keystones Managing Director, Nick Hanigan:

“Our partnership with Pyrochar, the NT Government and NAIF funding, enables us to bring cutting-edge technology to the Territory, creating jobs and delivering a cleaner, greener future.

“We are very grateful for the opportunity and support of the NT Government.”

Source: Northern Territory Government Newsroom

NT petroleum exploration hits $200 million in December quarter

Wed, 05 Mar 2025 00:28:05 GMT

The Finocchiaro CLP Government is committed to rebuilding the economy through a strong and competitive resources sector, as new figures confirm a significant surge in petroleum exploration investment across the Territory.

Australian Bureau of Statistics data shows petroleum exploration expenditure in the Northern Territory reached $200 million in the December 2024 quarter, which is the second-highest quarterly result on record in the NT.

For the full calendar year, petroleum exploration expenditure totalled $369.7 million, an increase of 469% from the 2023 figure of $78.8 million, reinforcing the Territory’s position as a key destination for investment in resource development.

Minister for Mining and Energy Gerard Maley said the figures highlight growing investor confidence in the Territory’s world-class gas basins and the Government’s commitment to unlocking economic opportunities.

“These results confirm that investors see the Northern Territory as a powerhouse for resource development, with our onshore gas basins leading the way in creating jobs and driving economic growth,” said Mr Maley.

“Importantly, this investment translates into real benefits for Territorians, with more jobs and more opportunities for local businesses supporting the sector.”

A significant proportion of this expenditure is likely to have been onshore, primarily in the Beetaloo Sub-basin and Amadeus Basin.

In total, petroleum and mineral exploration expenditure in the NT for 2024 reached $545.7 million, which is the second-highest combined annual exploration investment ever recorded in the Territory, behind the peak in 2014.

Mineral exploration faced more challenging market conditions in 2024, along with a downturn in prices for many critical minerals, contributing to a decline in NT expenditure. This reflected a broader national trend across all jurisdictions.

Total expenditure for the calendar year reached $176 million, a 23% decline from 2023, but still the fourth-highest annual expenditure on record.

The transition to a new environmental licensing regime also impacted activity, but with regulatory changes now in place, the sector is expected to stabilise in 2025.

“The NT Government is backing our resources sector because it is the backbone of our economy and a key driver of economic recovery, and we remain focused on ensuring the Territory remains a leading jurisdiction for exploration, investment, and job creation,” said Mr Maley.

Source: Northern Territory Government Newsroom

Territorians rush to benefit from $12,000 battery bonus

Wed, 26 Feb 2025 04:16:42 GMT

The Finocchiaro CLP Government’s expanded Home and Business Solar Battery Scheme (HBBS) has seen a surge in uptake since it was more than doubled from $5,000 to $12,000.

Minister for Renewables Gerard Maley said the significant increase in applications since the launch of the improved scheme in December highlighted the growing demand from Territorians to reduce their power bills through renewable energy solutions.

“Since the CLP more than doubled the battery bonus, we’ve seen an overwhelming response with over 310 applications submitted and more than 80 per cent already approved,” said Mr Maley.

“In December alone, we received 164 applications – that’s three times more than the average monthly applications under the old scheme. This is a clear indication that Territorians are eager to take control of their energy costs and contribute to a more sustainable grid.

“The increase in the subsidy means that more households and businesses can afford to invest in solar batteries, which not only reduce their energy bills but help stabilise the power grid.”

“We have reduced red tape making it easier to do applications and added the Tesla 3 Powerwall battery to the approved list of batteries available under the scheme.”

According to data from the Clean Energy Regulator, the Territory has led the nation in solar battery installations since 2021, with 34 per cent of solar systems now paired with batteries.

This is more than double the rate of South Australia, which stands at 16 per cent, and almost five times the national average of 7 per cent.

With the bonus now increased to $12,000, the scheme provides Territorians with subsidies of $400 per kilowatt-hour of usable system capacity for both new and existing solar PV systems, giving eligible Territorians the opportunity to:

Buy and install a solar photovoltaic (PV) system with an eligible battery and inverter, or
Buy and install an eligible battery and inverter to complement an existing solar PV system.

Batteries allow homes and businesses to store excess solar energy generated during the day, which can then be used during peak times or when solar generation is low.

“By storing energy during the day, families and businesses can reduce reliance on the grid during high-demand periods, improving efficiency and saving on costs,” said Mr Maley.

This scheme expands access to renewable energy solutions for households and businesses, helping to reduce energy bills and support local businesses involved in solar PV system and battery supply and installation.

The HBBS grant will remain open for 12 months, or until the $6 million funding pool is exhausted, offering Territorians a practical way to lower energy costs while supporting local businesses.

For more information on the HBBS grant, visit the Territory Renewable Energy website or access the grant via https://grantsnt.nt.gov.au/.

Source: Northern Territory Government Newsroom

NT Government: supercharges exploration with $3 million in project co-funding

Tue, 25 Feb 2025 02:11:32 GMT

The Finocchiaro CLP Government is committed to rebuilding the economy through the Territory’s world-class resources sector, by today announcing the opening of its highly competitive Geophysics and Drilling Collaborations (GDC) grant program.

Round 18 of the program will provide up to $3 million to co-fund projects that address geoscientific knowledge gaps, advance exploration activity, and support the discovery and development of resources across the Territory.

Minister for Mining and Energy Gerard Maley said: “The NT Government is backing our resources sector because we know this is what will underpin our economy, creating opportunities for businesses and for local jobs across the Territory.”

“This investment in our exploration sector is instrumental for our economy, and with the potential for Territory’s critical minerals set to increase, a minimum of $2 million of this funding will be directed into projects targeting critical minerals,” said Mr Maley.

The GDC program awards co-funding of up to 50 percent of the cost of drilling (both greenfields and brownfields), regional scale geophysical surveys, innovative exploration targeting and advancing critical minerals projects.

This year includes an increase in the capped amount of co-funding for regional-scale geophysics from $100,000 to $150,000.

Recent co-funded drilling projects have contributed to the discovery of new critical minerals resources at the Leliyn project near Pine Creek (graphite), and in the Barkly (rare earths, vanadium, gallium).

To further support local business, a Territory Supplier Incentive has been introduced that offers additional funding to engage NT enterprises, which must be spent on local service and supply directly supporting the co-funded program.

Applicants must meet eligibility requirements and for further information about the application process, project specific eligibility, the funding sequence, and application guidelines go to https://resourcingtheterritory.nt.gov.au/.

Applications for Round 18 of this program, supporting projects in 2025–26, open on 25 February and must be submitted by Monday, 28 April 2025, via https://grantsnt.nt.gov.au/

Santos Reports Strong Financial Results

Wed, 19 Feb 2025 00:57:31 GMT

Santos today announced its full-year results for 2024, reporting annual production of 87.1 mmboe and sales volumes of 91.7 mmboe. Free cash flow from operations was US$1,891 million and underlying profit was US$1,201 million. Santos delivered its best personal safety performance in 10-years.

The Board resolved today to pay a final dividend of US 10.3 cents per share, unfranked. This brings full-year dividends to US 23.3 cents per share unfranked, representing 40 per cent of free cash flow from operations in line with the company’s dividend policy.

Santos Managing Director and Chief Executive Officer Kevin Gallagher said the company’s strong free cash flow from operations reflects the cash generative nature of the base business.

“A highlight of the year was the successful startup of Moomba CCS phase one in September, which had an immediate and ongoing impact on the company’s emissions. Net equity Scope 1 and 2 emissions for 2024 reduced by 26 per cent and fourth quarter emissions intensity reduced by 18 per cent compared to our baseline year of 2019-20.

“Importantly, Moomba CCS phase one gives us confidence in the potential to build a commercial carbon management services business as customer demand for CCS grows in Australia and in Asia.

“Another strong cash flow year from the long-life gas assets in our base business has enabled the company to deliver returns to shareholders and invest in our Barossa and Pikka development projects that will bring new production online this year and next.

“The Barossa LNG project is 91 per cent complete and remains on track for first gas in the third quarter this year. Final welds on the Darwin Pipeline Duplication are underway today and when complete will connect the Barossa field to the Darwin LNG plant. Three wells are drilled and completed. The fourth well is partially drilled and suspended for later completion. Production from these four wells can deliver nameplate capacity, materially derisking the project. Other work packages are progressing well and remain on track to support the first gas date.

“We continue to see strong progress at our Pikka phase one project in Alaska. The remainder of the pipeline is expected to be installed in this winter season, a year ahead of schedule. Sixteen of 26 wells are now drilled and completed, and we have significantly improved drilling performance with a 25% improvement in drill time over the last few months, down to 30 days per well. First oil remains on track for mid-2026 with an early start-up possible but subject to weather and logistics.

“Our low-cost disciplined operating model underpins our business and is more important than ever in a volatile external market. As part of our continuing focus on productivity and efficiency, we are targeting US$100 to US$150 million in annual structural savings over the next one to two years, driving long-term value for shareholders.”

“Our 2P reserves and 2C resources position of 4,897 mmboe provides 1P reserves life of 11 years, 2P reserves life of 18 years and multi-tcf resources to backfill and sustainably grow our production to meet strong ongoing customer demand for our products. We will continue to develop and replace our reserves and resources in accordance with our capital allocation framework to drive long-term shareholder value.

“Our LNG marketing business performed strongly across the year. Long-term LNG Supply and Purchase Agreements were signed with Hokkaido Gas and Shizuoka Gas Co, and mid-term agreements were signed with TotalEnergies and Glencore. These agreements with tier one customers strengthen Santos’ equity LNG portfolio which is around 90 per cent contracted over the next five years with strong pricing driven by the high heating value of our LNG, reliability, and our proximity to growing markets in Asia.”

Today, Santos released its 2024 Sustainability and Climate Report as part of the integrated suite of reporting. In 2024, Santos’ Scope 1 and 2 equity emissions were 26 per cent lower than the baseline year of 2019-20. This reduction represents 84 per cent progress to our 2030 emissions reduction target of 30 per cent Scope 1 and 2 emissions.

“The 2024 Sustainability and Climate Report provides a comprehensive view of our energy transition activities, including progress towards achieving our emissions reduction targets,” Mr Gallagher said.

Source: Santos

Echelon Resources: WM 30 Development Well Completed and to be Tied-In

Wed, 19 Feb 2025 00:34:50 GMT

The Operator of the Mereenie Joint Venture, Central Petroleum Ltd (ASX: CTP) has advised that drilling of West Mereenie 30 (WM-30) the well is completed and will be tied-in, with gas sales commencing soon after.

This marks the end of this 2 Well drilling campaign, and the Ventia Rig 101 has been released. It has delivered on an accelerated schedule and is forecast to come in under budget. The first well in the two well program, WM-29, is online at a stabilised production rate of approximately 5TJ/d continuing to improve as it cleans up. Following a positive post drilling flow test, WM-30 is expected to produce at or above pre-drill expectations of 3TJ/d. A further update will be provided when the well is tied-in and on production..

As a result, the Mereenie field is expected to have a production capacity above 30TJ/d available to meet the long term Gas Sales Agreement with the Northern Territory Government that under wrote the activity.

“While we are yet to hook up WM-30 everything points to this campaign being a game changer for Mereenie, with a production increase easily exceeding the 6 TJ/d we were expecting.” says Chief Executive Andrew Jefferies. “The work done by the Joint Venture seems to have found the right sauce for this sausage roll, proving there is plenty of opportunity in the field yet. My heartfelt thanks to Operator Central Petroleum and drilling contractor Ventia. They have done a standout job, on an ambitious, accelerated

program bringing it in: on time; safely; and under budget despite the baking Central Australian summer and remote location.”

Participants in Permit OL4/OL5 are Central Petroleum Mereenie Pty Ltd as trustee of the Central Petroleum Mereenie Unit Trust (25%), Echelon Mereenie Pty Ltd (42.5%), Cue Mereenie Pty Ltd (7.5%) and Horizon Australia Energy Pty Ltd (25%).

Source: Echelon Resources News

Offshore-Energy.Biz: FPSO for Australia’s $3.6B project closing in on first gas as naming ceremony wraps up

Sun, 16 Feb 2025 23:18:42 GMT

Norway’s BW Offshore has held a naming ceremony for its newbuild floating production storage and offloading (FPSO) vessel, which is on track to start work at a giant field off the coast of Australia in 2025.

When Saturday morning dawned on February 15, Seatrium celebrated the naming ceremony for the FPSO BW Opal at its flagship mega yard, Tuas Boulevard Yard, in Singapore. Since the hull’s arrival in November 2023, around 43,000 tons of topside modules got integrated to stay on track for ahead-of-schedule delivery of the vessel to Santos and enable the start-up of the Barossa gas project offshore Australia.

“The BW Opal will be a valuable asset as we build momentum in this critical project. This milestone showcases our strong partnership with BW Offshore and Santos Ltd, representing a significant achievement in offshore energy innovation,” highlighted the Singapore-based player.

BW Opal is said to be one of the industry’s largest FPSOs, measuring 358 meters in length and 64 meters in width. Once in place at the Barossa field, the vessel will have a gas handling capacity of 850 million standard cubic feet per day and a design capacity of 11,000 barrels per day of stabilized condensate.

“A core focus of the BW Opal is sustainability. With sustainability at its core, it incorporates energy-efficient technologies that reduce CO₂ emissions, and its combined-cycle gas turbines with waste heat recovery cut energy consumption to maximise both efficiency and environmental performance,” explained Seatrium.

According to the gas project operator, Kevin Gallagher, Santos’ CEO, went to Singapore to attend the naming ceremony for the BW Opal, described as one of the world’s largest and most advanced FPSOs and a cornerstone of the Australian firm’s $3.6 billion Barossa development.

Gallagher was not alone at the ceremony, as he was joined by Keith Spence, Santos’ Chairman, and over 125 guests representing Santos, its joint venture partners, SK E&S and Jera, BW Offshore, and global government stakeholders.

“The Barossa gas project is important for jobs, exports and relationships with investors and gas customers in the Asia Pacific region, who have depended on Santos and Australia for their energy security for decades,” emphasized Santos.

BW Offshore secured a contract in March 2021 for the construction, connection, and operation of an FPSO destined for the Barossa field. The final investment decision (FID) for the project, which followed the award, kick-started a $600 million investment in the Darwin LNG life extension and pipeline tie-in projects.

Dyna-Mac was selected to build the topside modules for the Australian development project, encompassing an FPSO unit, subsea production wells, supporting subsea infrastructure, and a gas export pipeline tied into the existing Bayu-Undan to Darwin LNG pipeline to extend the facility life for around 20 years.

The Gas Export Pipeline (GEP) to deliver gas from the field to Darwin LNG was recently completed, with construction activities for the Darwin Pipeline Duplication also underway. The FPSO is anticipated to head to Australia in the first quarter of 2025 to enable the first gas from the project to be achieved in the third quarter of 2025.

Seatrium underscored: “With this achievement, we mark our 18th FPSO for BW Offshore, reaffirming our commitment to future collaborations that strengthen our client’s position as the leading FPSO specialist. Over the years, Seatrium has leveraged deep engineering expertise, a global yard footprint, and a proven track record to deliver over 260 floating production units (FPU) and FPSO conversions and newbuilds, solidifying our market leadership.

“Our heartfelt appreciation goes out to BW Offshore, Santos, valued partners, and contractors for remarkable teamwork and trust. We look forward to continuing our journey in offshore energy production and shaping sustainable solutions for the future of energy!”

Source: Offshore-Energy.biz

Territory Coordinator takes next step

Wed, 12 Feb 2025 01:26:45 GMT

Chief Minister Lia Finocchiaro has today made history by introducing the Territory Coordinator legislation into Parliament.

Mrs Finocchiaro said the reform was "the most important piece of economic reform the Territory has seen in a decade."

"Our Territory Coordinator laws will herald a new way of developing the Territory," she said.

"It will give us a competitive edge against other states, who have not undertaken the level of reform we have."

The Territory Coordinator will signal to the world that we are a mature jurisdiction with the capability and capacity to play a major role in the advancement of:

Energy security through our abundance of natural gas;
Mineral security through our land rich in mineral resources and rare earths;
Food security through our vast agricultural opportunities and;
Defence Security through our strategic importance in the Indo-pacific.

"With the appointment of Stuart Knowles as Interim Territory Coordinator in November last year, the work of the Territory Coordinator has already begun," said Mrs Finocchiaro.

The consultation report for the draft Bill has also been released following four months of public consultation.

By the end of the consultation period, 321 participants had attended six Community Information Forums across the Territory, 559 written submissions had been received, and 89 meetings were held with 267 individuals representing various sectors.

"The consultation on our draft Territory Coordinator legislation highlights the need for a balanced approach which aligns economic growth with social and environmental outcomes and that is what we have delivered," said Mrs Finocchiaro.

The draft Bill has been referred to the Legislative Scrutiny Committee for consideration.

Click here to read the consultation report.

Source: Northern Territory Government Newsroom

NT gas industry welcomes crackdown on activist lawfare

Mon, 10 Feb 2025 04:33:54 GMT

The NT gas industry says the Territory Government’s moves to clamp down on lawfare will boost investment and energy security.

Australian Energy Producers NT Director David Slama welcomed the Petroleum, Planning and Water Legislation Amendment Bill 2025, set to be introduced in Parliament this week, as an important step in stopping activist groups from vexatiously using the legal system to delay critical gas projects in the Territory.

“We commend the Territory Government for moving decisively to stamp out activist lawfare putting at risk economic and energy security for Territorians,” Mr Slama said.

“At a time when Australians are facing cost-of-living pressures, the Territory Government has recognised the need to remove barriers to new gas supply so Territorians continue to have reliable and affordable energy.

“It is not in the public interest for activist lawyers to damage the Territory’s attractiveness as a place to do business and to invest, undermining our economic and energy security.”

Mr Slama said activists exploiting the Merits Review process had deterred much-needed investment in the Territory.

“A long list of vexatious cases has exposed the extreme tactics of activists who are more interested in delaying projects than genuinely representing the interests of Territory communities,” he said.

“Removing the Merits Review process is a significant step towards streamlining approval processes to enable new gas supply to be brought online sooner.

“We need to expedite project delivery, improve environmental outcomes, and attract the investment in new gas supply that will be essential to the NT’s long-term energy security and economic prosperity.”

Source: Australian Energy Producers

Tamboran Resources EP 98 Operational Update: SS-2H ST1 stimulation delivers material step change in Beetaloo completion efficiency

Fri, 07 Feb 2025 04:46:39 GMT

Highlights

Tamboran Resources successfully completed stimulation activities over 35 stages across a 5,483-foot (1,671-metre) horizontal section in the Mid Velkerri B Shale within the Shenandoah South 2H sidetrack (SS-2H ST1) well. The stimulation was conducted using the Liberty Energy (NYSE: LBRT) modern stimulation equipment.
The SS-2H ST1 completion operations achieved five stages over a 24-hour period on multiple days, exceeding previous Beetaloo Basin records.
Average proppant intensity of 2,706 pounds per foot (lb/ft) across the 35 completed stages exceeded all previous completion activities in the Beetaloo Basin to date and achieved wellhead injection rates above 100 barrels per minute (bpm).
The SS-2H ST1 well will be completed ahead of clean out activities and the commencement of initial flow back and extended production testing.
Further updates on the completion of the Shenandoah South 3H (SS-3H) well will be provided in due course.

Source: Tamboran Resources Announcements

Liberty Energy Inc. Announces Chief Executive Officer and Chairman Changes

Tue, 04 Feb 2025 02:13:17 GMT

Liberty Energy Inc. announced today that its Board of Directors (the “Board”) has appointed Ron Gusek as Chief Executive Officer and as a member of the Board of Directors. Additionally, the Board has elected William Kimble as non-executive Chairman of the Board. These leadership transitions are concurrent with the confirmation of Chris Wright as U.S. Secretary of Energy. Mr. Wright, the founder of Liberty Energy, has served as Chairman of the Board, Director, and Chief Executive Officer since the Company’s inception in 2011.

The Board of Directors congratulated Mr. Wright on his appointment as U.S. Secretary of Energy, commending his distinguished leadership and significant contributions to Liberty and the broader energy sector.

Mr. Gusek brings nearly 30 years of experience as a strategic leader, most recently serving as President of Liberty since November 2016. He joined Liberty in 2014 as Vice President of Technology and Development. Prior to Liberty, Mr. Gusek was Vice President, Corporate Engineering and Technology of Sanjel Corporation, a global energy service company. He previously held leadership roles at Zodiac Exploration, an E&P company in the central San Joaquin Valley in California, and at Pinnacle Technologies, a leading fracture diagnostic services company founded by Mr. Wright. He has earned a reputation as a leader focused on advancing innovative technology solutions to drive meaningful growth and deliver exceptional value to Liberty’s customers. Mr. Gusek earned a Bachelor of Science in Mechanical Engineering from the University of Alberta.

Mr. Gusek’s appointment comes at a pivotal moment as Liberty accelerates the development of its power business and advances technology innovation in completions services.

“I am honored to lead this incredible company as we embark on an extraordinary new chapter,” said Mr. Gusek. “Liberty has an extensive track record of technology innovation and executional excellence, driving transformative growth and success over its 13-year history. I am excited to steward the next phase of our growth journey alongside our talented team. I look forward to building upon the strong foundation that Chris and the team have established as we enable successful energy solutions for our customers across a broad range of end markets.”

Mr. Kimble served on the Board since the Company’s initial public offering in January 2018 and as Lead Director since October 2018. He joined KPMG in 1986 and held various senior roles throughout his career spanning more than three decades, until his retirement in 2015. Mr. Kimble serves on the board of directors and is the chair of the audit committee of Northern Oil and Gas. He previously served on the board of directors, the special committee, and was chair of the audit committee of DCP Midstream from June 2015 until October 2023.

Effective and disciplined succession planning is critical to Liberty’s ongoing success and a key component of its competitive advantage. This change in leadership is consistent with the Board’s succession plan developed years in advance and demonstrates the strength of the management development system.

Source: Liberty Energy

ENB: Gas deal extension secures pathway for Arafura's rare earth ambitions

Sun, 02 Feb 2025 23:18:37 GMT

Arafura Rare Earths has extended the deadline on key conditions for its gas supply agreement with Horizon Oil and Echelon Resources, a move seen as crucial to securing long-term energy supply for its Nolans Rare Earths Project in the Northern Territory.

The agreement, which provides up to 27.4 petajoules of gas from the Mereenie joint venture over five years from 2026, was initially subject to conditions that were due to be met by February 4. The revised deadline of March 31, 2025, allows additional time for Arafura to finalise financing, ensuring the project's viability amid a tightening global rare earth supply chain.

Reliable gas supply is critical for Nolans' long-term success, which aims to become a major global producer of neodymium and praseodymium (NdPr)—minerals essential to electric vehicles and wind turbines.

The project has already secured offtake agreements with Siemens Gamesa and Hyundai, with further negotiations underway as Western economies seek to reduce dependence on Chinese rare earths.

Echelon Resources director Andrew Jefferies said Mereenie and Palm Valley were well-positioned to meet Arafura's long-term demand, pointing to ongoing drilling success in mature gas fields.

"Both Mereenie and Palm Valley gas fields are big structures with room for more wells. As our recent Mereenie WM29 well result demonstrates, there is gas there for the drilling," Jefferies told Energy News Bulletin.

"Like any mature field, you have to be smart and apply the best technology appropriate to the conditions you have … you can find gas in old fields using new ideas."

The extension highlights the importance of gas in supporting Australia's critical minerals sector, even as the federal government pushes for economy-wide decarbonisation. High-temperature processing at Nolans requires a stable energy source, and delays in securing gas could risk setbacks for the project.

For Horizon and Echelon, the agreement provides long-term demand certainty, strengthening Mereenie's position in the NT's energy market. With ongoing concerns about east coast gas shortages, deals of this nature help ensure market stability for domestic producers.

Jefferies said the extension primarily reflected Arafura's need to complete its financing, rather than fundamental changes to the gas agreement.

"This is just extending the deadline for Arafura while they line up their financing, which is never easy for new mines," he said.

"Between this contract and the long-term deal with the NT government, we've had the certainty to undertake the current Mereenie wells."

While the extension provides additional time for Arafura, Jefferies acknowledged that market conditions could influence future terms.

"Terms are always subject to change as markets develop," he said.

"This is just a short-term extension to provide more time for Arafura's financing to come together, so terms have reflected that."

If finalised, the deal would mark a significant milestone for Arafura as it seeks to establish itself as a leading rare earth supplier outside China, reinforcing Australia's position in the global critical minerals race.

To view the full article by ENB, click here.

Source: Energy News Bulletin

Chartair: New Prescribed Single Engine Aeroplanes

Fri, 31 Jan 2025 02:16:23 GMT

PSEA – Prescribed Single Engine Aeroplanes

The PC-12 NG Aircraft is now part of the Chartair fleet. The PC-12 is a single engine turboprop aircraft and conforms to the PSEA Standard.

This information has been compiled to provide information pertaining to the PC12 aircraft.

Safety Benefits of the Single Engine Turbine

The PC12 NG is operated under CASA’s stringent Prescribed Single Engine Aircraft (PSEA) regulations, ensuring the highest safety standards. The main reason for CASA’s implementation of PSEA requirements is to minimise the probability of an inflight engine shutdown to as close to zero as possible. CASA mandates rigorous maintenance, operational oversight, and performance benchmarks for single-engine turbine aircraft, creating a safety framework comparable to and often far exceeding the already highly safe multi-engine operational requirements.

The Pilatus PC-12, powered by the renowned Pratt & Whitney PT6 engine, sets the standard for safety, reliability, and versatility in single-engine turbine aircraft. Certified and operated as a Prescribed Single-Engine Aircraft (PSEA), the PC-12 adheres to rigorous safety standards that rival—and in many cases exceed—those of twin-engine aircraft, offering significant advantages over older multi-engine models.

The PC12 NG is trusted worldwide by corporate, government, and medical operators, most notably the Royal Flying Doctor Service of Australia operating 36 Pilatus PC12’s, attesting to its safety and reliability.

PSEA operations include enhanced safety measures, such as:

Advanced flight crew training and checking, ensuring pilots are exceptionally well-prepared for all situations.
Redundant engine controls, providing critical fail-safes for reliable operation.
Radar altimeters, enhancing situational awareness and precision during low-altitude operations.
Redundant power sources, guaranteeing continued operation of essential systems.
Advanced crashworthiness design standards under FAR Part 23, which are far more stringent than those applicable to similar aircraft in its class, ensuring superior occupant protection in emergencies.
Onboard weather radar, allowing pilots to detect and avoid hazardous weather conditions.
Automatic Engine ignition and Fuel Pumps, in the event of an engine flame out or fuel disruption

Single-engine turbine aircraft like the PC-12 are considered safer than older piston multi-engine aircraft due to their simpler design, greater reliability, and advanced technology. The PT6 engine, with over 400 million flight hours, offers unmatched dependability, eliminating the complexity and risks associated with managing multiple engines.

With its cutting-edge engineering, advanced avionics, and proven performance in demanding operations, the PC-12 is a trusted choice for operators and government agencies worldwide, delivering safety and reliability that rival, and often exceed, that of twin-engine aircraft.

Thank you for flying with Chartair.

Celebrating 50 years in Australian Aviation

Contact Chartair for enquiries. sales@chartair.com.au

Power and Water welcomes new apprentices, trainees and graduates

Fri, 31 Jan 2025 01:16:59 GMT

An innovative approach to recruitment has seen 11 apprentices, across 4 fields, and 2 trainees start an exciting career with Power and Water Corporation. They join 5 new graduates, plus 28 apprentices, 7 graduates, 8 business trainees and 1 water operation trainee who are already part of the Power and Water team across the Northern Territory.

Power and Water partners with GTNT Group to host apprentices and trainees, with the partnership spanning more than 30 years. This year there were more than 400 applications for the Power and Water roles.

Power and Water’s Executive General Manager Power Services, Belinda Small said the partnership has delivered excellent outcomes, with 4 wins at the 2024 GTNT Group Awards, including Host Business of the Year. The awards recognise apprentices, trainees, supervisors and businesses going above and beyond in their ongoing training and development.

‘We’re constantly exploring how to build and grow our team in the most successful and efficient way,’ Ms Small said. ‘And it’s always exciting to welcome new people to the team.

‘New faces mean new ideas, approaches, skills and outlooks, which is excellent for our organisation. Our focus is on developing local talent from across the Territory.’

Jodie Havens is one of the new faces. She has joined the Power Services team in Darwin as an apprentice. Her dad is a tradie and she’s always been his offsider.

‘I’ve been his little apprentice my whole life,’ she said. ‘So, when I was thinking about what I wanted to do, I wanted something hands-on so I could learn as I work. I’m excited to learn skills and all the nitty gritty stuff about electricity.’

Will Flanagan is joining Power and Water as a trainee with Water Services in Katherine. Having lived interstate, he’s keen to be back in his hometown.

‘I’m looking forward to the combination of working with my hands and working with my brain,’ he said. ‘The lab side, and water production and treatment for drinking water, I find really interesting. Ultimately, I’d like to get into project management.’

Dennis Jevdenijevic applied as an apprentice with Power Services in Darwin 2 years ago and just missed out. He was encouraged to apply again last year and was accepted, then had to defer due to personal unforeseen circumstances.

‘Power and Water was kind enough to hold a position for me this year. I’m extremely grateful for this opportunity,’ he said.

‘Learning new things and the opportunities that come with Power and Water are exciting. It’s exciting to see what you can grow into within the organisation.’

Launched last year, the new recruitment process is part of a strategic initiative to continuously build and maintain a high level of skilled, in-house expertise across the organisation. Shortlisted apprenticeship and trainee candidates participate in an assessment centre, where they are evaluated through group activities, individual practical tasks and written exercises. This gives a holistic view of their strengths and skills.

To learn more about Power and Water’s apprenticeship, traineeship, and graduate opportunities, visit website.

Source: Power and Water News and Media

NT Government Roadshow: State of the Territory's economy

Wed, 29 Jan 2025 01:51:56 GMT

Treasurer Bill Yan and Under Treasurer Tim McManus will next week travel by road from Darwin and down the track to Alice Springs to talk with Territorians about the state of our economy.

Mr Yan and Mr McManus will outline the Finocchiaro CLP Government’s plan to fix the economic mess left behind after eight years of Labor failings and mismanagement.

The sessions will give businesses, community leaders, and locals a chance to hear directly about the Territory’s finances, the challenges the CLP Government has inherited, and the work which is underway to turn things around.

Roadshow details:

Darwin: Tuesday 4 February, 4–5:30 pm, DoubleTree By Hilton, Grand Ballroom (200 attendees expected).

Katherine: Wednesday 5 February, 5–6:30 pm, GYRACC Auditorium (50–100 attendees expected).

Tennant Creek: Friday 7 February, 9:30–11:00 am, Civic Hall (50–100 attendees expected).

Alice Springs: Friday 7 February, 4–5:30 pm, DoubleTree, Grand Ballroom (200 attendees expected).

The Economy: Where We Stand

The latest State of the States report from CommSec, covering July to September 2024, and Deloitte Access Economics' December report, paint a challenging picture.

The reports reflect the economic environment the CLP Government inherited when elected in August 2024.

“In just five months, our government has launched the HomeGrown Territory Grants program with over 370 applications and more than $2.2 million in grants paid, Territory Coordinator reform, and abolished payroll tax for 200 small businesses while additionally supporting hundreds of medium businesses to grow,” said Mr Yan.

“Other economic initiatives include establishing the Approvals Fast Track Taskforce to reform regulatory processes and reduce approval timeframes for small businesses and investing $27 million in Alice Springs infrastructure projects.

“The Territory Coordinator will re-define the way business is done and will allow us to focus on our key economic strengths in mining, energy, agriculture, tourism and defence.”

According to Deloitte, the Territory’s economy is expected to contract by 0.4% in 2024-25, primarily due to a 14.3% drop in international exports and an 11.5% fall in housing investment.

There are, however, positive indicators of growth ahead.

Business investment has risen by 5.8%, and the Territory’s economic outlook is forecast to improve dramatically, with a 6.0% growth rate projected for 2025-26 — the highest in the nation.

Equipment spending, a key indicator of business confidence, surged 47.5% last year, and Deloitte predicts steady employment growth and population increases averaging 1.5% annually over the next five years.

These results underscore the resilience of the Territory, and its potential for recovery.

“While the path ahead is tough, these reports affirm what Territorians already know — Labor left the economy in a fragile state,” said Mr Yan.

“Our government has already begun laying the foundations for sustainable growth, but turning the ship around will take time, hard work, and a commitment to doing things differently.

“We’ve taken our time to examine the books which has identified further cost blowouts across Labor’s projects – which is why in eight years we’ve blown out to $12 billion in debt – with their last budget ensuring we reach the debt cap by 2028.”

The CLP Government’s economic plan is built around practical steps — cutting red tape, backing businesses, and ensuring taxpayer dollars are spent wisely.

The roadshow will focus on how the government is stabilising the Territory’s finances, reducing costs for families and businesses, and making smart investments to create jobs and drive growth.

To register your interest to attend any of the roadshows, email protocol.cmc@nt.gov.au.

Source: Northern Territory Government Newsroom

Tamboran Resources: EP 98 Operational Update

Fri, 24 Jan 2025 03:04:09 GMT

EP 98 Operational Update: Commencement of SS-2H ST1 and SS-3H stimulation campaign

Highlights:

Tamboran has commenced stimulation activities of the Shenandoah South 2H sidetrack (SS-2H ST1) and 3H (SS-3H) wells in Beetaloo Basin exploration permit EP 98.
The Company is planning to pump up to 119 stimulation stages across the two wells with reduced spacing between stages. The SS-2H ST1 well is planned to include 43 stages over a 5,427-foot (1,654-metre) horizontal section and the SS-3H well is planned to include 76 stages over a 9,766-foot (2,977-metre) horizontal section.
The campaign is being conducted with the Liberty Energy (NYSE: LBRT) modern stimulation equipment, which is the first 80,000 hydraulic horsepower (HHP) frac spread imported into the Beetaloo Basin from the US.
The increased horsepower from the Liberty equipment is expected to result in a >25% increase in proppant intensity of >2,800 pounds per foot, as compared with Shenandoah South 1H well. All stages are being pumped with a slickwater fluid design.

To view the full ASX announcement, click here.

Source: Tamboran Resources

Falcon Oil & Gas Ltd. Beetaloo Operational Update – Stimulation Campaign & Remaining Shenandoah South Pilot Project

Fri, 24 Jan 2025 02:18:05 GMT

Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce the commencement of stimulation campaign at the Shenandoah S2-2H ST1 (“S2-2H ST1”) and Shenandoah S2-4H (“S2-4H”) wells in the Beetaloo Sub-Basin, Northern Territory, Australia with Falcon Oil & Gas Australia Limited’s (“Falcon”) joint venture partner, Tamboran (B2) Pty Limited (collectively the “Beetaloo JV partners”).

Key Highlights of the Stimulation Campaign

Stimulation campaign will be completed across:
- S2-2H ST1’s horizontal section of 1,654 metres (5,427 feet) and;
- S2-4H’s horizontal section of 2,977 metres (9,766 feet).
Liberty Energy (NYSE: LBRT) who mobilised equipment and sand to location before the end of last year will carry out the stimulation campaign on behalf of the Beetaloo JV partners.

Shenandoah South Pilot Project (“Pilot”)

For the next drilling phase of the Pilot, which involves the drilling and stimulation of the remaining four wells, Falcon has elected to reduce its participating interest (“PI”) from 5% to 0%.

Key Highlights of the Reduced Participating Interest

The election by Falcon to reduce its PI to 0% in the remaining four wells of the Pilot will significantly reduce it’s 2025 capital expenditure.
Falcon participated in the Shenandoah S-1H well in 2023 at its 22.5% PI which created a Drill Spacing Unit (“DSU”) of 20,480 acres.
Falcon participated in the S2-2H ST1 and the S2-4H wells in 2024 at its reduced 5% PI which created two DSU’s totalling 46,080 acres.
The Beetaloo JV partners are planning on creating an enlarged area around the Pilot, known as the First Strategic Development Area (“FSDA”), which would amalgamate the acreage and PIs from the DSUs mentioned above and any further DSUs that may be created as part of the Pilot
Depending on the ultimate size of the planned FSDA Falcon’s combined participation entitlement in the FSDA post the Pilot could be up to 10%.
Falcon also retains a 22.5% PI in the remaining 4.52 million acres in the Beetaloo, net 1 million acres to Falcon.

To view the full press release, click here

Source: Falcon Oil & Gas

Tamboran and Santos execute MOU to progress studies for Darwin LNG expansion

Thu, 23 Jan 2025 04:11:28 GMT

Highlights

Tamboran Resources Corporation and Santos Limited (ASX: STO) have entered into a nonbinding Memorandum of Understanding (MOU) to undertake technical studies relating to a potential Darwin LNG (DLNG) Train 2 expansion and collaborative work on the jointly owned EP 161 acreage (Santos 75% operator, Tamboran 25%) in the Beetaloo Basin.
The goal of the studies is to evaluate options for supplying natural gas to a potential expansion train at the existing DLNG facility at Middle Arm. DLNG was approved to a nominal 10 million tonnes of LNG per annum (MTPA), with this expansion opportunity up to ~6 MTPA.
Santos is the operator of the existing DLNG project with a 43.4% working interest.
Tamboran and Santos are joint venture partners in the EP 161 acreage which holds ~300,000 acres of Mid Velkerri B Shale at depths below 8,850 feet (~2,700 metres). The region has demonstrated Marcellus Basin-type decline curves from two Tanumbirini wells that were drilled and flow tested in 2022.
Tamboran remains committed to progressing the development of the proposed NTLNG project at Middle Arm, which is currently undergoing pre-FEED studies with Bechtel Corporation.
Tamboran and Santos are both committed to supplying natural gas from the Beetaloo Basin into both the Australian domestic gas and international LNG markets.

Tamboran Resources Corporation Managing Director and CEO, Joel Riddle, said:

“The MOU between Tamboran and Santos aims to explore commercialization options for the development of DLNG Train 2 utilizing natural gas supplied from the extensive prospective gas resources within the Beetaloo Basin.

“With approximately two million net prospective acres across the Beetaloo Basin, Tamboran holds significant gas resources capable of supplying Northern Territory and Australia’s East Coast gas market for decades. With multiple commercialization pathways via LNG markets at Darwin and Gladstone and the East Coast domestic gas market, Tamboran is well positioned to assess opportunities to accelerate value for our shareholders.

“Tamboran and Santos have been partners in the EP 161 acreage, which hosts the Beetaloo East area, for more than a decade.

“We believe the shale within the deepest Beetaloo East region is on par with some of the high-quality shale qualities we have successfully unlocked in the Shenandoah South area in the Beetaloo West. The Beetaloo East is the location of the Tanumbirini wells, which were drilled and flow tested in 2022 and were the first wells in the Basin to demonstrate Marcellus Basin-style decline curves, albeit with undersized equipment, drilling and stimulation techniques.

“We look forward to advancing discussions with Santos to unlock this significant shale gas resource and contribute to the expansion of DLNG in Darwin. This development has the potential to deliver royalties to the Northern Territory Government while generating jobs and royalties for Native Title Holders in the region.”

Source: Tamboran Resources Announcements

Central Petroleum: New Mereenie Well Online - Exceeds Target Production Rate

Wed, 22 Jan 2025 00:12:44 GMT

Central Petroleum's new Mereenie production well, WM29 is now online, over one month ahead of schedule. The well flowed at 7 TJ/d during initial testing over a two hour period. WM29’s production will be limited to 6 TJ/d, which is the sustainable capacity limit of the wellhead skid - a rate that is double the pre-drill expectation of 3 TJ/d.

The flow rate achieved at WM29 takes aggregate Mereenie field production up to the pre-drill target of 30 TJ/d. The second well of the two well program, WM30, is being drilled and currently at a depth of 585m. WM30 is expected to be completed by late February, with commencement of production anticipated in early March.

Gas from WM29 is now being sold into the Northern Territory market which needs additional supply.

To view the full ASX announcement, click here.

Source: Leon Devaney, MD & CEO, Central Petroleum Limited

NT Government: Ken Davies PSM retires from public service after 47 years

Tue, 21 Jan 2025 01:16:34 GMT

Chief Minister Lia Finocchiaro has applauded the outgoing CEO of the Department of Chief Minister and Cabinet, Mr Ken Davies PSM, for his extraordinary near five decades in public service.

After an impressive 47 years, Mr Davies will retire from the public service on 3 February 2025.

“Ken began his career in the Northern Territory as a teacher at Papunya in 1978,” said Mrs Finocchiaro.

“He quickly rose through the ranks, becoming a school principal in Alice Springs and Katherine, and later a regional superintendent in Tennant Creek.

“Over his remarkable career, Ken has held chief executive roles in eight agencies, including the Department of Housing, Local Government and Regional Services, and the Department of Education.

"He has served under every government since self-government in 1978 and has been instrumental in leading major initiatives, such as implementing the remote housing construction program and negotiating the first 10-year Stronger Futures funding agreement with the Commonwealth.”

In recognition of his dedication and service, Mr Davies was awarded the Public Service Medal in 2020.

“In 2023, Ken was appointed as the Territory’s top public servant and recently oversaw the effective transition to a new government,” said Mrs Finocchiaro.

“His leadership over nearly half a century has delivered significant economic and social policy reforms in every agency he served.

“Ken embodies the principles of impartial, frank, and fearless public service. He has always upheld the highest professional standards, demonstrating strategic vision, integrity, and a commitment to making the right decisions, even when they are the hard ones.”

Mrs Finocchiaro expressed her gratitude for his leadership during the government transition.

“I thank Ken for his hard work from day one as we charted a new course for the Territory,” she said.

“After nearly half a century of service, I hope he can now focus on catching that elusive Million Dollar Barra. I wish Ken, Bernie, and their family all the very best for the future.”

The Chief Minister also announced that Mr Luccio Cercarelli PSM will lead the public service as the CEO of the Department of Chief Minister and Cabinet upon Mr Davies' retirement on 3 February 2025.

“Luccio has had a distinguished career in public service, and I look forward to working with him to deliver our government’s plan to reduce crime, rebuild the economy, and restore our Territory lifestyle,” said Mrs Finocchiaro.

Mr Cercarelli is currently the CEO of the Department of Housing, Local Government, and Community Development.

Prior to this, he served as CEO of the City of Palmerston for nearly seven years. He was awarded the Public Service Medal in 2024 for his outstanding contributions to local government.

Source: Northern Territory Government Newsroom

Central Petroleum: Mereenie Development Well WM29 completed & WM30 Spudded

Fri, 17 Jan 2025 00:02:18 GMT

The Operator of the Mereenie Joint Venture, Central Petroleum Ltd (ASX:CTP) (“Central”) has advised that the West Mereenie-29 development well has been successfully drilled and completed over the target Pacoota 3 interval. The well has been suspended pending tie-in to the Mereenie Production Station, scheduled for late January.

West Mereenie-30, the second of the two development wells was spudded on 16 January 2025.

These wells are part of the Joint Venture’s ongoing appraisal/development of the Mereenie field and are expected to return field production capacity back above 30TJ/d (Gross). The wells target a material portion of Echelon’s net 8PJ Mereenie 2P Undeveloped gas Reserves*, and we expect to bring them online in Q1 2025.

“It is good to have the first well successfully drilled, buttoned up and ready for tie-in, and the second on its way.” Echelon CEO, Andrew Jefferies says “Initial results suggest the underbalanced drilling technique the Joint Venture has been working up over the last year is paying off. All this additional gas will be swiftly tied back to existing plant and mainlined to the Northern Territory gas market, where we have a long-term contract with the Government, as well as across to the gas short East Coast. Mereenie has been a long term, reliable provider of gas to the Territory, cooking those Australia Day Pavlovas. These wells are part of the work that will see this reliable energy supply continue for decades.“

Source: Central Petroleum ASX Announcements

Echelon Resources: Binding terms agreed for Amadeus Basin Exploration Permits EP145

Wed, 15 Jan 2025 01:42:30 GMT

Echelon (ASX:ECH) has executed a binding Terms Sheet with London Stock Exchange listed energy company, Mosman Oil & Gas, to purchase the 100% interest in the Northern Territory onshore Exploration Permit EP145, in the Amadeus Basin and highlights:

Purchase price of AUD400,000 cash payment
5 per cent royalty on Helium and Hydrogen
Agreement subject to conditions, including FIRB and regulatory approval

To view the full ASX announcement, click here.

Source: Echelon Resources

NT Government: Onshore gas development regulations working

Tue, 14 Jan 2025 02:15:51 GMT

As is required by regulation 33 of the Petroleum (Environment) Regulations 2016, Imperial Oil and Gas Pty Ltd has provided notice to the environmental regulator of a reportable incident in the Beetaloo Sub-Basin.

Imperial’s notice has been published today on the department’s website in accordance with regulation 35A.

The incident reportedly involved the release of fluid - about 2,000 litres - from a well site which caused a visible impact to offsite vegetation.

Authorised inspectors for the environmental regulator are travelling to the site to determine the cause and impact.

This reportable incident shows the Territory's strict regulations around onshore gas development are working.

Hon Bill Yan - Treasurer

Course: Northern Territory Government Newsroom

Northern Territory Government focused on driving oil and gas investment

Mon, 13 Jan 2025 02:08:23 GMT

Territory businesses and industry representatives are invited to attend a CLP Government-led supply chain business delegation to the Energy Exchange Australia 2025 (EXA).

EXA, previously known as Australian Oil and Gas (AOG) Energy, is Australia's leading oil, gas, energy and service supply event and will be held in Perth from 11-13 March.

The event celebrates innovation in all aspects of energy from oil and gas to renewables and clean energy solutions with over 6,900 people attending last year’s event.

Minister for Trade, Business and Asian Relations, Robyn Cahill, said the oil, gas and energy sector was a significant contributor to the Territory’s economy.

“We are focused on driving investment and trade opportunities in this important sector through events such as EXA," said Ms Cahill.

“This is an important industry platform for Territory businesses to connect, collaborate and engage in meaningful conversations with key national and international gas operators and contractors.

“Increasing the level of Territory businesses involvement in energy supply chains will deliver long-term sustainable business and jobs and growth.

“The CLP Government recognises the importance of supporting private investment to rebuild the NT economy. We are committed to ensuring the resources sector thrives, creating jobs and generating substantial revenue to fuel the Territory’s prosperity.

“By playing to our natural strengths, we are placing these industries at the forefront of rebuilding the Territory economy.”

The NT delegation will participate in the Northern Territory Government exhibition stand, attend industry briefings and networking events.

There will be opportunities for Territory businesses to showcase their products and services to the domestic and international energy supply chain.

Businesses can submit an expression of interest at https://forms.office.com/r/e3KWn8Npif

EOI’s close on Friday, 31 January 2025.

For more information contact Industry.Strategy@nt.gov.au

Source: Northern Territory Government Newsroom

Utilities Commission News: 2023-24 Northern Territory Power System Performance Review

Tue, 07 Jan 2025 05:40:40 GMT

The Utilities Commission has published the 2023-24 Northern Territory Power System Performance Review.

The review provides an assessment of overall power system, network and generation performance in the Darwin-Katherine, Alice Springs and Tennant Creek power systems.

To view the full article and the report on the Utilities Commission Newspage, click here.

Source: The Utilities Commission of the Northern Territory

Geothermal project approved for Good Water Energy

Mon, 06 Jan 2025 23:47:48 GMT

More than three years after lodging a drilling application, geothermal energy start-up Good Water Energy has received NT Government approval to develop its first Australian geothermal project.

Years after lodging the initial application, Good Water Energy announced on New Year’s Day the NT Government had approved drilling at the company’s Middle Arm tenement.

Good Water Energy chairman and founder Warren Strange said the company’s “pioneering” geothermal technology promised to transform Australia’s renewable energy landscape.

He said drilling at Middle Arm was planned for May 2025 with production planned for 2026 if low-cost green hydrogen was sourced.

But Mr Strange also applied a significant project caveat, insisting Good Water Energy paid a $10m capped royalty payment to the NT Government.

“To mitigate the risk of a future unreasonable royalty being applied, GWE is offering to pay the NT government a reasonable, but generous thermal energy production royalty, fixed for the life of their projects in Darwin,” Mr Strange said.

“This royalty could provide more than $10m per year to the NT Government if large scale green hydrogen and sustainable aviation fuel production is approved by the government and GWE expands to meet the Australasian market demand.”

Mr Strange looked at opportunities in the United States as he sweated on approvals for his Territory venture.

“It has been a long, difficult and frustrating process to finally receive drilling approval in Darwin,” Mr Strange said.

“During this process, GWE has established a geothermal project in Texas and is well advanced with plans to produce low-cost green hydrogen for the US aviation, transport and remote electricity generation markets.

“Geothermal energy rights belong to landowners in Texas, so we have skipped the four year and $3m tenement and drilling application process required in Australia and other territories where the states own the geothermal rights and generally block geothermal energy development in support of the fossil fuel industry.”

The project will include a 6000m deep exploration well to access hot granite rock, the injection of desalinated sea water and generation of baseload electricity.

He said the green electricity, distilled water and excess thermal energy would be used to produce low-cost green hydrogen.

The company wants to produce up to one million tonnes of competitively-priced green hydrogen from Middle Arm and if successful, replicate the technology elsewhere in Australia.

“We’re excited to showcase to the world our strategy to produce very competitively priced green hydrogen and to show it is no longer just a vision but a fast-approaching reality,” he said.

The NT Government said royalty regimes applied to production activity and waved away Mr Strange’s $10m cap.

“Additional detail and further discussion would be required before the Minister and the NT Government could determine an appropriate royalty structure for geothermal energy, whether with Good Water Energy or any future geothermal energy proponent, in accordance with the Geothermal Energy Act 2009 (NT),” a spokesman said.

Source: NT News

NT Government: Payroll tax cuts supporting business and driving jobs and training

Wed, 01 Jan 2025 22:59:54 GMT

Small businesses across the Territory are set to save tens of thousands of dollars with the CLP Government’s reforms to payroll tax now in effect.

From 1 January 2025, the payroll tax-free threshold has lifted to $2.5 million with Apprentice and Trainee wages also now exempt.

Specifically, amendments to the Payroll Tax Act 2009 now in effect includes:

Increasing the tax-free threshold from $1.5 million to $2.5 million. Increasing the maximum annual deduction from $1.5 million to $2.5 million per annum, ensuring businesses with wages just above the tax-free threshold continue to pay an effective tax rate that steadily rises from 0% to 5.5% as the payroll of the business grows. Changing the rate above the tax-free threshold to $1 for every $2 in wages over the previous $1 for every $4, ensuring the annual deduction is reduced for businesses paying wages of $7.5 million and above. Introducing a new payroll tax exemption for wages paid or payable to apprentices and trainees.

Treasurer Bill Yan MLA said the reforms aimed to reduce tax for small business while supporting the employment and upskilling of local Territory workers.

“Our payroll tax reforms – the best in the country – will save local businesses an average of $22,000 annually and will abolish payroll tax altogether for 200 small businesses, meaning more money can be invested in apprentices and trainees,” he said.

“Territorians gave us mandate to reduce crime, rebuild the economy and restore our iconic Territory lifestyle.

“Key to rebuilding the economy, these payroll tax reforms are the first in 13 years and are set to position Territory businesses as the best place to thrive and help grow the economy.

"The money saved by small business through these changes can be reinvested into their business to better support additional employment and training outcomes for Territorians.

“These changes now make the Territory the best place to do business with the most generous tax-free threshold and annual deduction in the country.

"It sends a clear signal this Government is committed to supporting local business and attracting new employers to invest in the Territory.”

Businesses with wage bills between $2.5 million to $7.5 million will see their tax bill decrease from 1 July 2025.

To explore your eligibility or to learn more, visit treasury.nt.gov.au https://treasury.nt.gov.au/dtf/territory-revenue-office/payroll-tax

Source: Northern Territory Government Newsroom

Good Water Energy’s game-changing project approved in the Northern Territory

Wed, 01 Jan 2025 01:37:44 GMT

Key points

Good Water Energy has received drilling approval from the Northern Territory Government for its Middle Arm Geothermal Exploration Project, its first Australian geothermal project.

The company’s patented technology is projected to harness a fraction of the Earth’s geothermal heat resources through a closed-loop well system.

The technology aims to produce Australia’s most cost-effective 100% baseload, green electricity, desalinated water and hydrogen.

Good Water Energy (GWE), an Australian geothermal energy innovator, is proud to announce that it has received approval from the Northern Territory Government for its first Australian geothermal project.

The groundbreaking initiative includes the drilling of an exploration well below 6,000 metres deep to access hot granite rock, the injection of desalinated sea water and generation of baseload electricity. The green electricity, distilled water and excess thermal energy will then be used to produce very low-cost green hydrogen.

The project, located at Middle Arm, is based on a closed-loop system — a process that avoids fracking, groundwater extraction and once operational, essentially all greenhouse gas emissions.

Using patented and other proprietary drilling technology successfully demonstrated in Finland and Australia, GWE is targeting production of green hydrogen at a highly competitive price per kilogram.

The company aspires to up-scale its operations, with an annual target of up to 1 million tonnes of green hydrogen from coastal property close to Darwin. Once operational, this innovation could be replicated in other areas, transforming the Australian renewable energy market and making a substantial contribution to the country’s renewable energy transition.

Good Water Energy Chairman and founder Mr. Warren Strange explained the pioneering geothermal technology promises to transform Australia’s renewable energy landscape and achieve net-zero goals.

“This approval represents a major milestone in the renewable energy sector,” explained Mr. Strange.

“The journey towards a sustainable and renewable baseload energy source for communities, industries, and agriculture has just become significantly easier.

“Our innovative and proven drilling technology enables commercially viable access to high-temperature thermal heat from deep geothermal wells at any location.

“By utilising the waste thermal energy after electricity generation, we are aiming to make green hydrogen production more efficient than ever before.

“This technology’s purpose is to provide an affordable, reliable alternative to fossil-derived energy while avoiding the high costs, timeframes and technical challenges associated with nuclear energy.”

With government approval, GWE can now advance its Middle Arm Geothermal Project with the object of demonstrating the viability of its technology and paving the way for larger-scale operations, including plans for a major green hydrogen production project in the Darwin region.

“We’re excited to showcase to the world our strategy to produce very competitively priced green hydrogen and to show it is no longer just a vision but a fast-approaching reality,” said Mr. Strange.

This project aligns with Australia’s commitment to achieving net-zero emissions by 2050. By harnessing Earth’s geothermal heat, GWE is positioning the Northern Territory as a global leader in clean energy technology.

To view the full announcement, click here.

Source: Good Water Energy

Empire Energy completes Carpentaria-5H (C-5H) drilling program and executes new Macquarie credit facility

Sun, 29 Dec 2024 23:07:19 GMT

Highlights:

C-5H well has been successfully drilled and cased to a Total Depth of 5,310 metres (17,421 feet)
100% of the 3,310 metre (10,860 foot) horizontal section was placed within the target Velkerri-B shale, with strong gas shows throughout
The C-5H well was completed with 5 ½” casing to Total Depth prior to suspension and rig release on 27 December 2024
The well was executed in 41 days from spud to rig release
Fracture stimulation operations and production testing of C-5H scheduled to commence in early Q2 2025 after the NT wet season
Empire has executed facility documentation with Macquarie Bank for the R&D Facility ($30 million) and Performance Bond Facility ($5 million)
Current cash at bank is $25.7 million with an additional $28.8 million available and undrawn under the Macquarie facility

Comments from Managing Director Alex Underwood:

"The safe and successful drilling, casing and cementing of C-5H represents a major operational milestone for Empire Energy and the broader Beetaloo Basin.

C-5H contains the longest horizontal drilled and cased section of any well drilled in the basin to date. The horizontal section was completed fully within the target Middle Velkerri-B shale zone, setting the Company for a successful stimulation program.

The decision we have made to delay the C-5H fracture stimulation from January 2025 to April 2025 has been taken with the best interest of our shareholders in mind, as the financial risk of weather-related issues would have been substantial. The Change in program timing is not expected to delay delivery of first gas in 2025.

The documentation of the Macquarie R&D and Performance Bond Facilities enhances the Company's liquidity without any dilution of shareholders' interests. We look forward to completing documentation of the Midstream Infrastructure Facility in Q1 2025."

Source: Empire Energy Group

Falcon Oil & Gas Ltd. - Drilling completed on the second well in the Shenandoah South Pilot Project, Shenandoah S2-4H

Mon, 23 Dec 2024 01:06:05 GMT

Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that the Shenandoah S2-4H (“SS4H”) horizontal well was successfully drilled, cased and cemented to a measured depth of 6,452 metres (21,169 feet) in exploration permit 98 in the Beetaloo Sub-basin, Northern Territory, Australia with Falcon Oil & Gas Australia Limited’s (“Falcon Australia”) joint venture partner, Tamboran (B2) Pty Limited (“Tamboran B2”).

Data from the SS4H well has indicated strong gas shows and a continuation of the high-quality shale and rock properties observed in the Shenandoah South 1H and Shenandoah South 2H (“SS2H ST1”) locations with no faulting observed along the entire 3,048-metre (10,000 foot) lateral section.

The Liberty Energy (NYSE: LBRT) stimulation equipment and sand has been mobilized to location ahead of the stimulation campaign, which is planned to commence in early 1Q 2025, with IP30 flow test from both SS2H ST1 and SS4H expected to be released in 1Q 2025.

Philip O’Quigley, CEO of Falcon commented:

“The completion of the SS4H well is another milestone in the development of the Beetaloo Sub-basin and we will look forward to the upcoming stimulation campaign and updating the market as operations progress.”

To view the full ASX announcement, click here.

Source: Falcon Oil & Gas Ltd.

Tamboran Resources: EP 98 Operational Update - SS-3H drilled to TD in 25 days

Sun, 22 Dec 2024 23:24:28 GMT

Highlights:

The Shenandoah South 3H (SS-3H) well was successfully drilled, cased and cemented with 5-½- inch casing to a measured depth of 21,169 feet (6,452 metres) within Beetaloo Basin exploration permit EP 98.
The well was drilled in 25 days (spud to total depth (TD)) and achieved an average drilling rate of 843 feet per day, 10 days and 43% faster than the SS-2H well, the only well previously drilled to total depth of more than 20,000 feet. This follows the successful implementation of key lessons from wells drilled earlier in the 2024 campaign.
The SS-3H well is the first well drilled and cased with a useable 10,000-foot (3,048-metre) horizontal section below 8,000 feet true vertical depth (TVD) for stimulation in the Beetaloo Basin.
Data from the SS-3H well has demonstrated strong gas shows and a continuation of the highquality shale and rock properties observed in the Shenandoah region, including a gentle, undulating structure with no faulting observed along the ~10,000-foot (3,048-metre) section.
The Liberty Energy (NYSE: LBRT) stimulation equipment and sand has been mobilized to location ahead of a 100 – 120-stage stimulation campaign, which is planned to commence in early 1Q 2025.
The SS-2H ST1 well is planned to be stimulated with up to 45 stages following the casing of the horizontal section to 5,577 feet (1,700 metres). The SS-3H completion design is expected to increase up to 75 stimulated stages over the 10,000-foot section.
IP30 flow tests from both wells remain on track for release in 1Q 2025.

Tamboran Resources Corporation Managing Director and CEO, Joel Riddle, said:

“We are proud to have achieved the first drilled, cased and cemented 10,000-foot horizontal section below 8,000 feet TVD within the Mid Velkerri B Shale of the Beetaloo Basin to date. Importantly, we encountered strong gas shows and no observed faulting across the entire horizontal section, which continues to exhibit high-quality shale properties in line with the SS-1H drilling location three miles away.

“Drilling took a total of 25 days to reach TD, at an average drilling speed of 843 feet per day, which is 43% quicker than the drilling of the original SS-2H well, the only other well drilled to a similar total depth in the Beetaloo Basin to date.

“The operations team deserve full credit for delivering this historic result, which now gives us the opportunity to demonstrate flow testing over a full 10,000-foot horizontal section prior to finalizing the 2025 drilling program. Next years’ program will focus on the remaining development wells required for the proposed Shenandoah South Pilot Project, which is expected to deliver much needed gas supply into the Northern Territory gas market.”

Source: Tamboran Resources

NT Government: Expert review boosts confidence in Beetaloo development

Thu, 19 Dec 2024 23:05:03 GMT

The CLP Government has welcomed the Independent Expert Scientific Committee’s (IESC) latest advice, which assesses the potential water resource impacts of Beetaloo Sub-basin’s petroleum exploration and appraisal activities as ‘minor’.

The IESC on Unconventional Gas Development and Large Coal Mining Development delivered its advice to Federal Minister for Environment and Water Tanya Plibersek earlier this week.

Minister for Mining and Energy Gerard Maley said the CLP Government is unequivocally backing the onshore gas industry, and this latest advice provides additional certainty and confidence around environmental concerns to investors, industry and the broader community.

He said the IESC advice validates the NT’s robust regulatory framework, which Government has put in place to prepare for the responsible development of gas production from the world-class Beetaloo Sub-basin resource.

“We already have stringent measures in place to safeguard the Territory’s natural environment in preparation for the Beetaloo coming online, including strict water management laws underpinned by world-leading environmental studies and regulatory best practice.

“And now the IESC advice reflects this by assessing the potential impacts on water resources by exploration and appraisal activities in the Beetaloo Sub-basin as ‘minor’.”

“This provides additional reassurance to Territorians, and importantly gives industry added certainty it requires to invest in exploring and developing the Beetaloo.”

The IESC is made up of leading scientists that independently advises government regulators on the impacts that unconventional gas and large coal mining developments may potentially have on Australia’s water resources.

Its latest advice identifies that hydraulic fracturing of deep shales for exploration and appraisal is not considered to be a major risk to the Basin’s groundwater systems if conducted according to industry best practice.

“The Beetaloo Sub-basin has some of the largest gas reserves in the world, and it is of the highest priority for our Government, and myself as Minister for Mining and Energy to develop this resource for the benefit of Territorians, with the appropriate regulatory mechanisms in place.”

“Developing the Beetaloo will deliver much-needed energy security for the Territory and the nation, rebuild the Territory’s economy, and create thousands of ongoing jobs for Territorians,” said Minister Maley.

Source: Northern Territory Government Newsroom

Introducing Myself & Exciting Travel Deals for Energy Club NT Members!

Aasha Wigham — Thu, 19 Dec 2024 04:25:58 GMT

Hello everyone,

I hope you’re all doing well! My name is Aasha, and I’m a travel manager here to help you and your team make the most of your travel experiences. I'm excited to join this community at Energy Club NT and wanted to take a moment to introduce myself.

As a member of the club, you now have exclusive access to our special travel deals, designed to offer great value for both personal and corporate travel. Whether you're planning a quick getaway or organizing travel for your business, I’m here to make the process seamless and cost-effective.

In addition to these great deals, I’m thrilled to share that we have launched a Referral Rewards Program! You can now earn rewards for referring friends and family who book travel with us, as well as for helping us sign on new corporate clients. It’s our way of saying thank you for spreading the word!

If you’re interested in learning more about our travel deals or the referral program, please don’t hesitate to reach out. I’m happy to assist with any questions or bookings you may have!

Looking forward to connecting with many of you here and being a part of this fantastic community.

Wishing you a wonderful Christmas and a Happy New Year.

Best regards,

Aasha Wigham | Senior Travel Manager

Mariner Travel | 473 St Kilda Road, Melbourne VIC 3004, Australia

Direct: +61 3 9211 9306

E-mail: Awigham@marinertvl.com

Department of Trade, Business and Asian Relations: Payroll tax reform

Thu, 19 Dec 2024 01:56:44 GMT

The Northern Territory Government is helping our small businesses grow by cutting payroll tax.

If your business pays less than $2.5 million in wages each year, you may be eligible for the Northern Territory Government’s Payroll tax waiver.

To register, you need to notify the Territory Revenue office between 1 January and 30 June 2025.

On average, the move will save around 200 Territory business $22,000 each year.

If an employer is part of a group, payroll liabilities will be waived where the 2024-25 taxable Australian wages of the group are $2.5 million or less, and only the Designated Group Employer will be able to claim the waiver in the Group Annual Return.

Employers who are eligible for the waiver still need to pay payroll tax liabilities incurred between 1 July 2024 to 31 December 2024.

The payroll tax waiver will be supported by amendments to the Payroll Tax Act 2009, which will come into effect from 1 July 2025 and include:

Increase the tax-free threshold to $2.5 million.
Increase the maximum annual deduction to $2.5 million
Exempt wages paid to apprentices and trainees.

Find out more at https://treasury.nt.gov.au/dtf/territory-revenue-office/payroll-tax.

To contact the Territory Revenue Office, please email ntrevenue@nt.gov.au or by calling on 1300 305 353

Source: Department of Trade, Business and Asian Relations

NT Government: Strengthened environmental measures supporting economic development

Wed, 18 Dec 2024 07:09:14 GMT

The CLP Government has outlined a number of environmental measures that will protect our pristine environment, streamline decision making and allow economic development in the Territory.

Minister for Lands, Planning and Environment and Water Resources Joshua Burgoyne said that we have world class environmental protections, and these measures will provide a strong foundation for economic growth and certainty for business investment.

“We are providing certainty to the environment and users of water through the declaration of water allocation plans in the Mataranka and Western Davenport regions.

“Both of these plans have been developed using the best available science and a comprehensive understanding of the water resource.”

The Mataranka Water Allocation Plan 2024-2034 is the first water allocation plan for the area, which covers over 9,000km² and comprises three water management zones: North Mataranka, South Mataranka and Larrimah.

“The aquifer holds an estimated 32 million megalitres (ML) of water, with the estimated sustainable yield (ESY) for this allocation plan set at a maximum of 62,474 ML per year," said Mr Burgoyne.

“Together, the ESY and the management rules preserve more than 90% of the dry season flows to the river.

“The plan protects the environmental value of the Roper River and iconic springs, providing water security to communities, and supporting economic development, including in the Larrimah agricultural precinct."

Similarly, the Western Davenport Water Allocation Plan maintains the vast majority of water in the aquifer, with the ESY using only 0.6% of the groundwater storage throughout the 10-year life of the plan, or 0.06% per year.

“This means that 99.4% of the groundwater remains in the ground over the 10-year life of the plan,” said Mr Burgoyne.

Decisions to eliminate duplication to build a more efficient approvals system were also outlined as part of the environmental measures.

Acting on advice from the NT Environment Protection Authority (NT EPA) Chair, Dr Paul Vogel, the requirement to refer all Environment Management Plans for petroleum activities to the NT EPA has been removed.

“This does not remove the NT EPA’s ability to call in any project application for formal assessment, nor does it remove my right to request the NT EPA’s advice for specific proposals,” Mr Burgoyne said.

Chair of the NT EPA, Dr Paul Vogel, said that he is confident the environmental regulator and regulatory framework for onshore petroleum in the NT is sufficiently robust to ensure the sustainable development of that industry.

Mr Burgoyne stated that the Government has also removed duplication in gas emissions policies in the NT.

“The Territory established the large emitters and gas emissions policies when there were no other policies to regulate greenhouse gas emissions.

“The Federal Government then introduced a nationally consistent approach to reducing emissions, so now we have tidied up and strengthened our processes.

“These matters are regulated through the Environment Protection Act and the Petroleum Environment Regulations.”

The Australian Government’s Safeguard Mechanism ensures a nationally consistent approach on how this important issue is regulated nationwide.

Source: NT Government Newsroom

Media release issued by:

Joshua Burgoyne

Minister for Water Resources

Minister for Lands, Planning and Environment

APA signs project agreements for Sturt Plateau Pipeline

Tue, 17 Dec 2024 07:00:00 GMT

APA Group (ASX:APA) today announces the execution of a Development Agreement, long-term Gas Transportation Agreement (GTA) and Connection Agreement with Tamboran Resources Corporation (ASX: TBN, NYSE: TBN) and Daly Waters Energy, LP for the Sturt Plateau Pipeline (SPP) connection in the Northern Territory.

Under the agreements, APA will build, own and operate the SPP to connect the Tamboran Resources’ operated Shenandoah South Pilot Project to the Amadeus Gas Pipeline (AGP) in the Northern Territory.

The pipeline will be approximately 37 kilometres in length, with construction targeted for completion in early 2026. APA’s total construction costs for the project are currently estimated to be around $66.5 million.

The development is subject to certain milestones being met, including obtaining third-party approvals such as a pipeline licence. Revenue will start being earned under the GTA upon first receipt of gas from the Shenandoah South Pilot Project for transportation to the AGP, which is expected to be operational in H1 2026. The GTA will continue until at least 2041.

The SPP is the first of a number of pipeline projects that APA is assessing to transport gas out of the Beetaloo Basin, provided ongoing exploration activities by upstream proponents achieve commercial success. APA’s investment in the SPP does not commit APA to develop further Beetaloo Basin pipelines. The SPP will be funded from APA’s existing balance sheet.

CEO and Managing Director, Adam Watson, said the project highlights both ongoing growth opportunities across APA’s gas transmission network and its critical role supporting energy security and transition.

“The development of the Beetaloo Basin is in the national interest. We know there are significant risks of domestic gas shortfalls in the years ahead and that new sources of supply will be required from 2028 to meet supply gaps.(1)

“Approximately 88 per cent of electricity generated in the Northern Territory comes from gas fired power generation (2) and around 60 per cent of the Northern Territory’s gas supply from 2026 is forecast to come from Tamboran’s first pilot gas development. So, this new infrastructure is critical to ensuring gas from the Beetaloo will be available to power the Northern Territory as existing gas supply sources deplete.

“The measures developed through the Pepper Report will ensure Beetaloo gas can be delivered safely, responsibly and sustainably with strong environmental safeguards. APA will continue to work closely with landholders, First Nations stakeholders, communities, councils and governments as we work through the environmental approvals process.”

(1) Australian Energy Market Operator (AEMO) 2024 Gas Statement of Opportunities
(2) Australian Government, Future Gas Strategy, May 2024, p8

To view the ASX announcement, click here

Source: APA Group

Tamboran Resources enters binding agreements with APA to deliver the Sturt Plateau Pipeline (SSP)

Tue, 17 Dec 2024 06:05:31 GMT

Highlights

Tamboran Resources Corporation and Daly Waters Energy, LP (DWE) have entered into binding agreements with APA Group (ASX: APA) whereby APA will build, own and operate the 12-inch diameter Sturt Plateau Pipeline (SPP) for the proposed Shenandoah South (SS) Pilot Project.

The 23-mile (37 kilometre) SPP will connect the proposed Sturt Plateau Compression Facility (SPCF) to the existing APA-owned Amadeus Gas Pipeline (AGP), the delivery point for gas volumes under the Gas Sales Agreement (GSA) with the Northern Territory Government.

Tamboran and DWE have contracted all foundation capacity on the SPP from the commencement of operations until at least 2041, which reflects the term of the GSA and have competitive access and pricing rights to contract capacity following completion of the initial term.

APA has materially progressed the SPP project, with detailed design and approval applications well progressed. APA expects to place orders for the long-lead packages before the end of 2024.

Construction of the pipeline is expected to occur in 2H 2025, with the SPP available to accept gas from the SS Pilot Project in 1H 2026.

Tamboran Resources Corporation Managing Director and CEO, Joel Riddle, said:

“We continue to secure key agreements necessary to commence gas production from our proposed Shenandoah South Pilot Project in the first half of 2026. Gas volumes from the Pilot Project will be supplied to the Northern Territory Government through a binding GSA for up to 15.5 years, facilitated by the APA operated SPP.

“With natural gas serving as the largest source of electricity generation in the Northern Territory, Tamboran is proud to play a critical leading role in ensuring a reliable energy supply for Territorians – keeping the lights on and air conditioners running. In delivering this, we are committed to following the highest environmental standards and with the support of Native Title Holders.

“We are excited to continue our partnership with APA Group, Australia’s largest gas pipeline operator, to deliver this project. APA’s experience in the Northern Territory, including ownership of the AGP, which links Alice Springs to Darwin via the Beetaloo Basin, underscores their role in supporting the region's energy infrastructure.”

To view the full ASX announcement, click here.

Source: Tamboran Resources

Echelon Resources: Further development drilling commences at Mereenie

Wed, 11 Dec 2024 02:02:48 GMT

The Operator of the Mereenie Joint Venture, Central Petroleum Ltd (ASX:CTP) (“Central”) has advised that mobilisation of the Ventia 101 Rig to the Mereenie Field in Permit OL4/OL5, within the Amadeus Basin, has been completed and the West Mereenie -29 development well spudded on 5 December 2024.

West Mereenie-29 (WM-29) is the first of two wells being drilled in the current campaign at Mereenie. The well is scheduled to take circa 30 days to drill to a primary target depth of 1,450mMD in the Pacoota-3 sandstone.

Following WM-29, the Ventia Rig will move to the West Mereenie -30 (WM-30) location and drill the second of the two wells. WM-30 is similarly scheduled for circa 30 days to drill to the primary target Pacoota-3 sandstone at an estimated depth of approximately 1,681mMD.

These wells are part of the Joint Venture’s ongoing appraisal/development of the Mereenie field and are intended to increase gas production to meet Northern Territory market demand. These wells target a material portion of our 7PJ Mereenie 2P Undeveloped gas Reserves (net to ECH as per our 2024 Annual Report*), and we are expected to start bringing the wells online in Q1 2025.

Please see attached Central Petroleum (Operator of the Mereenie Field) media release for further details.

Echelon CEO, Andrew Jefferies, commented that “The Joint Venture has worked together to optimise the drilling technique for these wells over the last couple of years. It is exciting to see the rig hove to and get drilling. We hope to have the gas from these wells hooked up and cooking up your Quandong Chutney. Gas it’s the fuel for tomorrow, today.”

To view the full news release, click here.

Source: Echelon Resources

Horizon Oil Limited: Mereenie infill drilling program

Thu, 05 Dec 2024 02:23:13 GMT

Horizon Oil Limited (Horizon) is pleased to advise the commencement of infill drilling operations in the Mereenie Field, Permit OL4/OL5, Northern Territory, Australia. The Ventia 101 rig has been mobilised to the Mereenie Field for a two well campaign, and the West Mereenie-29 well was spudded this morning, 5 December 2024. The drilling program is expected to run for approximately two to three months.

The drilling program comprises two crestal gas production wells, West Mereenie -29 and -30 (WM-29 & WM-30). The wells are expected to increase near term gas production rates from the existing fields, with up to an additional 6TJ/d (gross) of incremental production able to be sold on a firm basis into the recently executed NT Government Gas Sales Agreement (NT GSA). The wells are targeted as nearby offsets from existing Pacoota 3 Reservoir producers.

Central Petroleum is operating the infill drilling program, and Horizon’s share of the forecast drilling costs will be funded from existing cash reserves.

Horizon CEO, Richard Beament added:

“It is pleasing to be targeting increased gas production rates from Mereenie in support of the domestic market. The drilling of a two well infill drilling campaign so soon after completing the Mereenie acquisition, along with the signing of a long-term strategic gas supply agreement with the NT government are tremendous outcomes and assist in further unlocking the value potential we see in Mereenie. This drilling program demonstrates the continuation of our strategy of investing in production growth.”

Source: Horizon Oil Limited Website

NT Government: $170m investment fuels the Territory’s onshore gas development

Thu, 05 Dec 2024 00:00:00 GMT

More than $170 million in private investment is flowing into onshore gas exploration and production in the Beetaloo Sub-basin and Amadeus Basin, reinforcing the Territory’s role as a leader in energy development.

Minister for Mining and Energy Gerard Maley said this significant investment was a key step in advancing gas production, with first gas from the Beetaloo Sub-basin anticipated in the second half of 2025, subject to regulatory approvals and successful appraisal outcomes.

“The Beetaloo Sub-basin’s development is a top priority for the CLP Government, as it delivers energy security, drives private investment, creates jobs, and strengthens the Territory’s competitive advantage,” said Mr Maley.

“Developing these resources is pivotal, not only to rebuilding the Territory’s economy but also safeguarding our regional and national energy security.

“Investment like this is crucial to the development of the onshore gas industry in the Beetaloo Sub-basin, as well as to the expansion of existing production activities in the Amadeus Basin.”

Mr Maley last month visited the Beetaloo Sub-basin to inspect current operations by Tamboran Resources at its Shenandoah South site.

“Both Tamboran and Empire Energy are leading the way in activity and investment in the Beetaloo, with both companies preparing to deliver gas to the Territory market,” he said.

“The CLP Government is rebuilding the Territory’s economy and backing private investment, with significant planning already underway for critical infrastructure and services to support industry’s huge investment in the highly prospective Beetaloo."

Empire Energy last week announced it had secured a $65 million Beetaloo Financing Package which would see an expansion of exploration, appraisal and development activities for its Pilot project. The company last month commenced drilling its Carpentaria 5H well.

Significant exploration programs are underway in the Beetaloo, with Santos nearing completion of its 255km seismic survey.

This is a low impact survey to gain a better understanding of the geology of the area to inform planning for drilling and flow testing of two new wells.

In the Amadeus Basin, west of Alice Springs, Central Petroleum and its joint venture partners continue to invest in gas production and increasing its supply to the Territory, with the drilling of two new wells this month.

Central Petroleum has been producing gas since the early 1980s, and along with its joint venture partners will continue to plan for additional production wells in 2025.

“This $170 million private investment is key to driving economic growth, supporting critical industries, and cementing the Territory as the preferred place to invest and do business in resource exploration, mining and gas production,” said Mr Maley.

The investment from Empire, Tamboran, Central Petroleum and Santos is on exploration and appraisal activities.

“The CLP Government recognises the importance of supporting private investment to rebuild the NT economy. We are committed to ensuring the resources sector thrives, creating thousands of jobs and generating substantial revenue to fuel the Territory’s prosperity,” he said.

Source: Northern Territory Government Newsroom

DLPE: Petroleum regulators inspecting to ensure wet season preparedness

Mon, 02 Dec 2024 04:16:08 GMT

Environmental regulators are in the field ensuring that the onshore gas industry is ready for the upcoming Wet Season.

We know from the Bureau of Meteorology that the wet season in the Top End could be “more severe” this year so it’s important the onshore gas industry is prepared.

When it comes to wet season preparedness the Environmental Regulator closely monitors how wastewater is managed onsite.

We ensure appropriate freeboard levels are maintained throughout the wet season. This reduces the risk of overtopping of wastewater tanks. We also require wastewater to be contained in enclosed tanks prior to any significant rainfall event.

In addition to getting regular reports from industry during the wet season about their freeboard, we also conduct onsite inspections. Inspections are crucial in confirming compliance firsthand.

Last month we undertook inspections in the Beetaloo sub-basin to ensure wet season preparedness. We were joined by our co-regulators in the Water Resources Division. In addition to wastewater management, we also inspected tanks to ensure no leaks and checked that erosion and sediment control measures were in place prior to the upcoming wet season. We observed good compliance.

Last year we undertook 27 inspections prior to and during the 2023-34 wet season and we will be going out again this wet season.

Inspections are challenging for regulators during the wet season because access to site is sometimes cut off by flooding. In the past we have done flyovers in helicopters to ensure we’re monitoring compliance when the risks of wastewater tanks overtopping are highest.

We are committed to being a risk-based and targeted regulator and focussing on activities that have the highest risks. You can read more about our approach to regulation on the NTEPA website.

We have also published a regulatory statement to clearly communicate how we regulate wastewater during the wet season.

Source: Department of Lands, Planning and Environment

NTCAT rejects ECNT application to overturn Tamboran’s plan for Shenandoah South gas prospect

Fri, 29 Nov 2024 08:44:13 GMT

The Environment Centre NT (ECNT) has failed in its latest bid to stop the Northern Territory developing an onshore gas industry.

The NT Civil and Administrative Tribunal this week rejected a stay application lodged by the ECNT to overturn the Territory Environment Minister’s decision to approve Tamboran’s Environmental Management Plan around its Shenandoah South gas prospect.

ECNT sought an order for then Environment Minister Kate Worden’s original decision be set aside because it was not satisfied the information provided in the EMP complied with existing regulations around risks of wastewater spills and underground aquifers.

ECNT also wanted the environmental management plan referred to the NT EPA for independent assessment.

NTCAT president Mark O’Reilly rejected the ECNT’s bid for a stay in the EMP process, saying he was satisfied it would result in prejudice to Tamboran.

He said he was not satisfied the ECNT had established the balance of convenience lies in favor of granting a stay.

“In circumstances where the legislative and regulatory scheme has been informed by and amended following the (Pepper inquiry); where the Minister has ostensibly adhered to that regulatory scheme; where minimum standards and conditions apply; and where there is an obligation to remedy any environmental damage, it is not clear to me the level of risk described by the applicant is beyond what is contemplated as being acceptable under the scheme,” NTCAT found.

“I am not persuaded that it is obvious that the applicant’s case has good prospects of success or even substantial success”.

President O’Reilly identified a delay in the commencement of Tamboran’s operations would impact the company negatively in a “significant way”.

He was critical of ECNT’s delay in bringing the stay application and was satisfied that the prejudice experienced by Tamboran has been exacerbated by the timing of the application for a stay.

He found Tamboran was entitled to rely on the decision of the Minister to approve the EMP even after ECNT filed its initiating application on July 4 2024, and was not obliged to stop approved works at that time or thereafter.

Mr O’Reilly found on the face of the material provided by the parties, the Minister and the NT EPA had considered the level of risk and determined that it would be within what is envisaged under the Act and Regulations.

He was not satisfied that ECNT has established that the public interest in avoiding risk outweighs the public interest in facilitating exploration.

A broader application by ECNT to stop Tamboran producing gas at the Beetaloo is still to be heard.

Tamboran chief executive Joel Riddle said the ECNT’s decision was a “clear victory”.

“This positive decision also shines a light on the ‘public interest’ argument so often used by groups like the Environment Centre NT. This decision found the “public interest” argument used by the ECNT did not outweigh the very real public interest in facilitating gas exploration in the Northern Territory.

“Tamboran has full confidence in our environmental management plan and the NT Government’s approval processes.”

ECNT deputy director Stephanie Griffin was encouraged by the NTCAT’s decision.

“Despite the Tribunal’s decision not to grant the Stay Application, we are encouraged that the Tribunal President was satisfied that we raised serious issues for determination. We took on this case to protect the Territory’s water, our free-flowing rivers, which are at risk from practices like fracking.”

“Our challenge of the environmental approval that greenlit Tamboran’s Beetaloo fracking project is still ongoing, and we look forward to putting further evidence before the Tribunal at the substantive hearing next year.”

“This is the first ever merits review challenge of a fracking approval in the Territory. As the Tribunal President made clear, this merits review process was designed to increase transparency and scrutiny of certain decisions, like the Tamboran fracking approval. We will continue to exercise our rights to ensure fracking approval processes are transparent and subject to appropriate scrutiny.”

To view the full article online, click here.

Source: The NT News

Battered and bruised EDO ordered to pay Santos' $9 million legal bills

Thu, 28 Nov 2024 00:46:35 GMT

The Environmental Defenders Office (EDO) has been hit with $9 million in legal costs after a bruising defeat in the federal court, where Justice Natalie Charlesworth delivered a withering critique of the evidence it presented.

Acting on behalf of Tiwi Islanders, the activist group had sought to challenge Santos' $5.7 billion Barossa gas project, alleging threats to underwater cultural heritage.

Justice Charlesworth's ruling dismissed the claims, marking a significant setback for the activist-led legal action.

Earlier this year, the federal court ruled that the claim made by a group of 11 Tiwi Islanders—supported by EDO—asserting that the pipeline would harm areas of cultural significance was not "broadly representative" of the views held by First Nations people in the area.

The decision favoured Santos, with the court dismissing the application and discharging the injunction that prevented pipelay activities south of the kilometre 86 (KP86) point along the Barossa Gas Export Pipeline in the Timor Sea.

Subsequently, Santos started legal proceedings against the legal group to recoup costs.

Joshua Burgoyne, the NT minister for lands, planning, and environment, welcomed the court order, saying it had positive ramifications for the Territory.

"This decision calls out environmental ‘lawfare,' where environmental groups seek to stall and stop proponents from continuing developments," Burgoyne said.

"We won't allow activists and economic vandals to manipulate their way into halting or delaying key Territory projects with mistruths and false information."

Burgoyne added that the federal court's decision was a testament to the Territory's and Commonwealth's environmental laws, showing they withstood robust scrutiny through the court system.

In April, Santos formally petitioned the federal court to subpoena several activist entities, namely Sunrise Project, ECNT, Market Forces, and Jubilee, and secure court approval to access activists' financial records and correspondences.

This calculated manoeuvre aims to ascertain whether these separate organisations contributed financially to the EDO, which has received funds from the Australian government.

The documents subpoenaed in the ongoing court battle between Santos and EDO were published on Wednesday, revealing what the O&G peak body, Australian Energy Producers, describes as "inappropriate conduct."

Australian Energy Producers urged the government to stop funding EDO, citing, "It is unacceptable that the EDO continues to receive $2 million a year in taxpayer funds from the federal government to disrupt and delay critical energy projects and put Australia's economic and energy security at risk".

EDO states on its website that it uses the law to protect Australia's environment, people, and wildlife.

Source: Energy News Bulletin

NT Government: Approvals Fast Track Taskforce announced

Wed, 27 Nov 2024 00:48:17 GMT

The CLP Government is delivering on its commitment to rebuild the economy by appointing an Approvals Fast Track Taskforce.

The taskforce, consisting of industry experts from across the Northern Territory, will provide recommendations to Government on how to reform regulatory processes, and reduce approvals timeframes.

Chief Minister Lia Finocchiaro said: “The taskforce will operate for six months and play a key role in streamlining approvals, and reducing red tape, to grow business and investment opportunities in the Territory.”

The taskforce, which held its first meeting on Tuesday, will be chaired by former Property Council NT President, Mark Garraway.

The membership consists of:

· M+J Builders Director, Michael Buckley

· NT Link Director, Tony Smith

· Territory Instruments Managing Director, Stuart Kenny

· Humpty Doo Barramundi CEO, Dan Richards

· Foxalicious Fruit Owner, Andrew Dalglish

· Louw Group Director, Hermanus Louw

· Stone House, Charlie’s of Darwin and Darwin Distillery owner, Bec Bullen

“The CLP has promised to rebuild the Territory’s economy which was trashed under the previous government, and this Taskforce, along with the Territory Coordinator, will play a key role in getting the NT moving in the right direction,” said Mrs Finocchiaro.

“The Taskforce will provide real world advice to Government on options for decreasing regulatory processing times and easing the burden on business and industry, focussing on reforms that will benefit the greatest number of businesses.

“It will have a broad remit but will focus on small businesses, including in the construction, retail, accommodation and hospitality sectors.

“The Taskforce will take a risk-based approach, seeking to balance the economic benefits of improved investment and economic development with the need to avoid undue risk for Territorians.”

Source: Northern Territory Government Newsroom

Office of the Chief Minister - Hon. Lia Finocchiaro

Empire Executes Binding Commitment Letters for A$65 million Beetaloo Financing Package

Tue, 26 Nov 2024 23:03:09 GMT

Empire Energy Group Limited (“Empire”) is pleased to announce it has executed binding term sheets with Macquarie Bank Limited (“Macquarie”) for the establishment of new credit facilities totaling A$65 million. Together with existing cash on hand, proceeds from the credit facilities will be applied to Carpentaria-5H (“C-5H”) and the Carpentaria Gas Plant and associated infield infrastructure.

The A$65 million credit facilities with Macquarie comprise:

R&D Facility (A$30 million upsized from A$2.25 million existing facility): Facility sized at 80% of the FY2024 and FY2025 estimated tax rebates under the Australian Government’s Research and Development (“R&D”) Tax Incentive Scheme. The R&D Facility provides Empire with additional liquidity and will allow Empire to better manage its working capital requirements. Funds can be applied to Northern Territory exploration, appraisal and development activities including C-5H and construction of infield infrastructure;
Performance Bond Facility (A$5 million, same size as existing facility): to meet Empire’s Northern Territory environmental bonding obligations through Macquarie bank guarantees in favour of the Northern Territory Government on a non-cash-backed basis; and
Midstream Infrastructure Facility (A$30 million new facility): proceeds can be applied to the refurbishment and construction of the Carpentaria Pilot Gas Plant. Repayment of the Midstream Infrastructure Facility will be via a tolling fee.

The R&D and Performance Bond Facilities represent a refinancing of Empire’s existing credit facility with Macquarie.

Availability under the R&D Facility has been increased from 60% of expected R&D tax rebate under the existing facility to 80% of expected R&D tax rebate while maintaining the same interest margin.

Pricing for the Performance Bond Facility has been reduced from BBSW + 10% to a fixed 10% per annum on issued guarantees.

The other key terms of the credit facilities are included in Appendix A to this announcement.

Carpentaria-5H Drilling Update

The surface section of the C-5H well has been successfully drilled and cased, effectively isolating the Cambrian Limestone Aquifer. Empire is currently drilling ahead in the vertical section of the intermediate hole at a depth of 770 metres MD at the time of publication of this release. The well path will soon begin building and turning towards the Middle Velkerri B shale target interval. After the intermediate section is drilled and cased, Empire will drill and case the horizontal section.

Source: Empire Energy Group

Battery Scheme bonus hits $12,000 for Territorians

Tue, 26 Nov 2024 00:10:09 GMT

The CLP Government is delivering on its commitment to ease cost of living pressures by increasing the Home and Business Battery Scheme bonus from $5,000 to $12,000.

From December 1, 2024, the boost to the scheme will provide Territorians with greater access to renewable energy solutions, lowering energy bills and supporting local businesses involved in the supply and installation of solar PV systems and batteries.

Minister for Renewables, Gerard Maley, said it was part of the CLP Government’s commitment to practical outcomes for Territorians.

“As promised, we are more than doubling the battery bonus for Territorians,” he said.

“We understand the challenges power prices present, and this increase will provide an accessible entry point for households and businesses looking to make the switch to renewable energy.

“This is about providing practical solutions to ease affordability pressures while also providing greater energy grid stability.”

The Home and Business Battery Scheme offers eligible homeowners and businesses access to up to $12,000 for a battery subsidy of $400 per kilowatt-hour of usable system capacity.

“Our government is doubling the funding pool from $3 million to $6 million, giving more Territorians access to solar batteries and inverters,” said Mr Maley.

Eligible owners can use the grants to either:

Buy and install a solar photovoltaic (PV) system with an eligible battery and inverter, or
Buy and install an eligible battery and inverter, to complement an existing solar PV system.

Batteries allow households and businesses to maximise use of electricity generated from rooftop solar PV systems while contributing to grid stability and reducing power system costs.

“By charging their battery during the day, families and businesses can store energy to use during peak times or when it is cloudy, making it easier to manage costs and run their appliances, including aircons, more efficiently,” said Mr Maley.

The grant is available from 1 December 2024 for 12 months, or until the $6 million funding pool is fully subscribed.

The CLP Government is also doubling the peak feed-in-tariff so households and businesses can get 18.66c/kWh between 3pm and 9pm year-round for electricity exported to the grid.

The new rate will come into effect from July 1, 2025.

This is to ensure Power Water Corporation ICT upgrades in early 2025 are complete, and to enable the necessary changes to billing systems to reflect the peak feed-in-tariff.

“Supplementing grid supplies with household and business solar batteries means we can reduce the peak demand on gas-fired generation, increase energy reliability and cut emissions,” said Mr Maley.

The higher feed-in-tariff during the peak period of 3pm to 9pm will encourage people with solar and batteries to export more power at these times, easing pressure on the grid.

From 1 July 2025, eligible customers will automatically receive the higher feed-in-tariff from their electricity retailer, potentially saving them an average of $150 per year.

Learn more about the battery scheme grant and feed-in tariff by visiting the Territory Renewable Energy website, and access the grants via Grants NT.

Source: Northern Territory Government

Falcon Oil & Gas Ltd.: Spudding of the second well in the Shenandoah South Pilot Project, Shenandoah S2-4H

Mon, 25 Nov 2024 07:30:00 GMT

Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce the spudding of the Shenandoah S2-4H (“SS4H”) horizontal well (previously referred to as the SS3H well) in exploration permit 98 in the Beetaloo Sub-basin, Northern Territory, Australia with Falcon Oil & Gas Australia Limited’s (“Falcon Australia”) joint venture partner, Tamboran (B2) Pty Limited (“Tamboran B2”).

SS4H is the second well of the Shenandoah South Pilot Project and will be drilled from the same well pad as the Shenandoah S2-2H ST1 sidetrack well (“SS2H ST1”) using the H&P super-spec FlexRig® Flex 3 Rig.

The SS4H well is estimated to be drilled to a total measured depth of 20,669 feet (6,300 metres) including a horizontal section of approximately 10,000 feet, (3,000 metres), targeting the Amungee Member B-shale.

Following the drilling of the SS4H well, Liberty Energy will complete the stimulation of the SS2H ST1 and SS4H wells, with 34 and 60 stages planned at the respective wells. Stimulation of both wells is expected to commence in Q1 2025 with 30 day initial production flow rates expected in the same period.

Falcon Australia will continue its participation in the Shenandoah South Pilot Project at its elected participating interest of 5%.

Philip O’Quigley, CEO of Falcon commented:

“The spudding of the SS4H horizontal well is an exciting next step in the development of the Beetaloo Sub-basin and we will look forward to updating the market as operations progress.”

To view the full press release, click here.

Source: Falcon Oil & Gas Ltd.

ENB: Tamboran clears fresh legal challenge to Beetaloo fracking project

Fri, 22 Nov 2024 09:30:00 GMT

Environment Centre NT’s emergency bid rejected by NT tribunal.

Tamboran Resources believes it has deflected an activist group's efforts to proceed with fracking at the Shenandoah South project in the Northern Territory's Beetaloo Basin. The NT Civil and Administrative Tribunal (NTCAT) today heard an emergency application by the Environment Centre NT (ECNT) but did not make a ruling.

Tamboran's long-heralded Shenandoah South Pilot Project, a shale gas development in the Beetaloo Basin, has recently received Major Project Status from the NT government, reflecting its potential role in energy security.

The project includes plans for a proposed LNG export terminal at Darwin's Middle Arm precinct, which is expected to address east coast gas shortfalls and contribute to local energy supplies. The development is projected to create thousands of jobs and provide an economic boost to the NT.

The ECNT sought an urgent hearing, citing new evidence related to Tamboran's fracking timeline. However, the NTCAT President ruled against issuing any orders at the emergency hearing on Friday.

"The ECNT asserted that Tamboran's Public Announcement dated 13 November 2024 was somehow relevant to the Stay Application heard on 5 November 2024," a Tamboran spokesperson said.

"The Public Announcement provided an updated timeline as it relates to Tamboran's stimulation Campaign planned to Commence in 1Q 2025. We must refrain from further comments whilst the President of the Tribunal is making a determination on the Stay Application."

"Tamboran has full confidence in our environmental management plan and the NT Government's approval processes that are all based on the Pepper Inquiry recommendations," the spokesperson added.

Meanwhile, a spokesperson for ECNT stated that the group would withhold further comment until the Tribunal reaches a decision on the stay application.

The Tribunal has not yet made a decision on the stay application,' the company said in a statement to Energy News Bulletin.

Source: Energy News Bulletin

To view the news article online, click here.

Santos announces updated capital allocation framework and carbon storage growth target

Tue, 19 Nov 2024 03:13:10 GMT

Santos today announced an updated capital allocation framework that will target returns to shareholders of at least 60 per cent of all-in free cash flow from 2026, following a period of major capital investment to bring significant new production online from the Barossa and Pikka projects.

In addition, Santos announced a carbon storage growth target to build and operate a commercial carbon storage business that would permanently store approximately 14 million tonnes of third-party CO2e per annum by 2040.[1]

The target is equivalent to around 50 per cent of Santos’ 2023 equity Scope 3 emissions from the combustion and use of our products.

The successful startup of Santos’ 1.7 million tonnes per annum Moomba Carbon Capture and Storage (CCS) project last month, with the technology and reservoirs performing as expected, demonstrates the potential for future phases to provide safe, low-cost, permanent carbon storage for customers and hard-to-abate industries.

Speaking at the company’s Investor Day in Sydney, Managing Director and Chief Executive Officer Kevin Gallagher said today’s announcement confirms Santos’ commitment to prioritise shareholder returns when new production comes online and to support the global energy transition while generating new revenue streams for the business.

“Santos has been unrelenting in sticking to its strategy and implementing its disciplined operating model,” Mr Gallagher said.

This continues to deliver strong production and project execution to backfill our infrastructure with highlights including:

Angore wells in PNG now online with two wells successfully commissioned and connected, supplying up to 350 million standard cubic feet of gas per day to sustain PNG LNG production
Commencing drilling of the highly prospective Hides Footwall structure
Barossa now 84 per cent complete with first gas expected in third quarter 2025
Pikka now ~70 per cent complete with first oil expected by the first half of 2026.

Santos’ world-class LNG portfolio is backed by long-term contracts with tier one buyers and flexible contract terms to provide risked upside potential.

“The proximity of our projects to Asian markets provides a significant shipping cost and emissions advantage compared to supply from east coast US and Middle East suppliers,” Mr Gallagher said.

“We are delivering on our strategy to develop upstream production to backfill and sustain our leading infrastructure position, decarbonise our operations and build a commercial carbon management services and low-carbon fuels business to meet future demand.

“With Barossa and Pikka coming online, Santos’ production is expected to increase by more than 30 per cent by 2027 compared to 2024, significantly lowering unit production cost which will support strong free cash flow generation throughout the commodity price cycle.

“The simplified capital allocation framework announced today reflects our commitment to prioritise shareholder returns following the company’s investment over recent years in new production from Barossa and Pikka.

“From 2026 we will return at least 60 per cent of all-in free cash flow to shareholders, and when gearing is below our target range of 15-25 per cent, 100 per cent of free cash flow will be returned to shareholders in the form of dividends and/or buybacks.

“The market outlook for LNG into Asia, domestic gas in Australia and liquids remains strong out to 2040 and beyond.

“2024 is set to be another peak consumption year for hydrocarbon fuels globally, making it increasingly clear that decarbonisation of their production and use is critical to the world’s net zero goals.

“Santos has a leading infrastructure and adjacent resource position that makes it well placed to meet ongoing demand with low-cost production.

“We have a wealth of backfill options to sustain production at our Gladstone and PNG LNG plants, which will be Santos’ top priority for future development capital – provided it fits within our capital allocation framework following the startup of Barossa and Pikka.

“These options include unlocking new geological plays in the Cooper Basin, which we have been appraising over the last few years, and prolific gas resources in the McArthur (Beetaloo) Basin shales in the Northern Territory as well as in the PNG Hela, Eastern Highlands and Gulf Provinces.

“Very importantly, our gas resources and LNG facilities are close to large-scale, relatively low-cost carbon storage resources and existing infrastructure that can be repurposed for CCS.

“The International Energy Agency’s Net Zero Emissions by 2050 (IEA NZE) scenario assumes that 70 per cent of global gas demand will be served with abated gas through CCS.

“We are extremely proud of the performance to date of the first phase of Moomba CCS that has now stored more than 150 thousand tonnes of CO2.

“Moomba CCS is groundbreaking as one of the world’s largest and lowest-cost CCS projects, dedicated to permanent CO2 storage.

“This first phase of Moomba CCS will safely and permanently store up to 1.7 million tonnes of CO2 per year, depending on CO2 availability.

“That is equivalent to 70 per cent of Australia’s total annual net emissions reduction in 2023.”[2]

“The IEA NZE scenario assumes more than 2.5 billion tonnes of CO2 will be stored globally each year by 2035, about 50 times more than today.

“The success of Moomba CCS to date and the strong outlook for CCS demand growth gives us a high level of confidence in setting our new carbon storage growth target to build and operate a commercial carbon storage business.

“With a strong balance sheet, line of sight to long-term, cash-generative production and a healthy portfolio of sustainable backfill and expansion options, I am confident Santos can continue to deliver superior value for shareholders over the long term,” Mr Gallagher said.

Guidance

There is no change to Santos 2024 production, unit cost and capital expenditure guidance.

Santos will provide 2025 guidance with our 2024 fourth quarter report in January 2025.

Live Webcast

A live webcast of the 2024 Investor Day will be available on the Santos website at www.Santos.com from 8.30am ACDT today.

[1] This is a target not a forecast and is a growth target for gross storage from Santos operated carbon storage projects. The target is ambitious and subject to substantial engineering, finance, commercial and policy work to establish enabling frameworks with customers, governments, regulators and other stakeholders. The potential projects that would enable achieving the target remain at an early phase of planning and commercial and economic viability is still to be confirmed.

[2] https://www.abs.gov.au/statistics/measuring-what-matters/measuring-what-matters-themes-and-indicators/sustainable/emissions-reduction

To view the full announcement '2024 Investor Day', click here.

Source: Santos

Falcon Oil & Gas Ltd. - Beetaloo Operations Update

Tue, 19 Nov 2024 03:11:00 GMT

Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that the Shenandoah South 2H sidetrack (“SS2H ST1”) well has been cased and suspended at a total measured depth of 16,182 feet (4,932 metres) in the Beetaloo Sub-basin, Northern Territory, Australia. This includes a 5,906-foot (1,800-metre) horizontal section within the Amungee Member B-Shale, of which ~5,577 feet (1,700 metres) is planned to be stimulated with Falcon Oil & Gas Australia Limited’s (“Falcon Australia”) joint venture partner, Tamboran (B2) Pty Limited (“Tamboran B2”).

The decision to case and suspend SS2H ST1 comes following consultation with Tamboran B2 on the failure of a directional drilling tool while drilling the horizontal section. This decision avoids additional rig costs and will enable the immediate drilling of the Shenandoah South 3H (“SS3H”) well from the same well pad, which is planned to be drilled with a 10,000-foot (3,000 metre) horizontal section in the Amungee member B-Shale.

Following the drilling of the SS3H well, Liberty Energy will complete the stimulation of the SS2H ST1 and SS3H wells with 34 and 60 stages planned at the respective wells. Stimulation of both wells is expected to commence in Q1 2025 with 30 day initial production flow rates expected in the same period.

The successful stimulation of SS2H ST1 will create a drilling spacing unit of 20,480 acres.

Falcon Australia will continue its participation in both wells in the Shenandoah South Pilot Project at its elected participating interest of 5%.

To view the full announcement, click here.

Source: Falcon Oil & Gas Ltd.

Tamboran Resources: EP 98 Operational Update

Mon, 18 Nov 2024 00:29:06 GMT

EP 98 Operational Update: SS-2H ST1 well cased and progressing to SS-3H well

Highlights

The Shenandoah South 2H sidetrack (SS-2H ST1) well has been cased and suspended at a measured depth of 16,182 feet (4,932 metres). This includes a 5,906-foot (1,800-metre) horizontal section within the Mid Velkerri B Shale, of which ~5,577 feet (~1,700 metres) is planned to be stimulated.

Tamboran will immediately commence the drilling of the Shenandoah South 3H (SS-3H) well, which is planned be drilled with a ~10,000-foot (~3,000-metre) lateral section in the Mid Velkerri B Shale.

Following the drilling of the SS-3H well, the Liberty Energy (NYSE: LBRT) stimulation equipment is expected to complete the SS-2H ST1 and SS-3H wells with at least 34 and 60 stages, respectively, commencing in 1Q 2025.

Lessons learned from the Shenandoah South 2H (SS-2H) well were successfully incorporated in the drilling of the SS-2H ST1 well, which resulted in drilling rates of 1,240 feet per day (from spud of the sidetrack to total depth (TD), ~31% faster than the SS-2H well over the same interval.

The Company remains on track to deliver IP30 flow rates from both the SS-2H ST1 and SS-3H wells during 1Q 2025.

Tamboran Resources Corporation Managing Director and CEO, Joel Riddle, said:

“Following consultation with our Beetaloo Joint Venture (BJV) partners, the decision was made to case and suspend the SS-2H ST1 well at a measured depth of 16,182 feet (4,932 metres), following the failure of a directional drilling tool while drilling the horizontal section.

“The decision to case the SS-2H ST1 well early will avoid additional rig costs and will enable the immediate drilling of the SS-3H well from the same well pad. Following consultation with our oilfield services provider, Tamboran expects an increased performance from the directional drilling tools that will be used in the SS3H well.

“Prior to the completion of drilling the SS-2H ST1 well, I was pleased to see our team successfully apply lessons from prior wells in the Beetaloo Basin and achieve record drilling rates of 1,240 feet drilled per day from spud of sidetrack to TD, 31% faster than the SS-2H well. We expect further learnings to be applied in the drilling of the SS-3H well.

“Importantly, Tamboran's geologic modeling of the Mid Velkerri B Shale continues to be validated, with a step-out of ~1,640 feet (~500 metres) from the original SS-2H well. The SS-2H ST1 well logged a consistent, high quality reservoir section with no faulting within the shale formation.”

To view the full ASX announcement, click here.

Source: Tamboran Resources

Empire Energy Group: Beetaloo Operations Update

Mon, 18 Nov 2024 00:22:57 GMT

Carpentaria-5H drilling operations commence

Highlights

Carpentaria-5H (“C-5H”) commenced drilling at 9.30am NT time on Saturday 16th November

C-5H is expected to take approximately 45 days to drill and case

C-5H is being drilled by the Ensign Rig #965 and will form part of the Carpentaria Pilot Project

C-5H is designed to deliver higher gas production rates than previous wells and, subject to approvals, sale of gas into the NT local market

After rig release C-5H will be hydraulically stimulated

Cash at bank is $34 million

Comments from Managing Director Alex Underwood:

"Empire has now reached the execution phase of our Carpentaria-5H operations.

This is an important milestone for our company and the Beetaloo Basin generally.

This well will be our first full-scale pilot development well, incorporating learning from the four wells that have previously been drilled successfully in EP187. The well design incorporates a larger well bore diameter targeting a 3,000m drilled and cased horizontal section. The larger well bore diameter will allow Empire to increase stimulation horsepower, proppant concentration and water concentration, with a goal of producing higher gas flow rates than in previous wells.

Our planning for the installation of the Carpentaria Gas Plant is progressing with a goal of commencing the sale of gas from EP187 in 2025.

We look forward to updating shareholders as drilling operations continue.”

To view the full ASX announcement, click here.

Source: Empire Energy Group

Empire Energy Group: Beetaloo Operations Update

Fri, 15 Nov 2024 00:40:52 GMT

Northern Territory Government environmental approval for the Carpentaria Pilot Project received.

Highlights

The Northern Territory Government has approved Empire’s Environment Management Plan (“EMP) for the Carpentaria Pilot Project

The EMP provides all environmental approvals for the Carpentaria Pilot Project including up to 9 new wells, installation of the Carpentaria Gas Plant, and above ground process facilities with access to the McArthur River Pipeline for export of gas to markets

Final regulatory approval for the Carpentaria Pilot Project to proceed is the sale of gas under the Beneficial Use of Test Gas provisions of the NT Petroleum Act. Stakeholder consultation processes are well advanced

Carpentaria-5H (“C-5H”) drilling is expected to commence imminently. Ensign Rig #965 is now on location

Comments from Managing Director Alex Underwood:

"The Empire team continues to progress towards pilot production from the Beetaloo Basin, which will provide much needed gas supply for the people of the Northern Territory under the gas sales agreement Empire signed with the NT Government earlier this year.

This regulatory approval aligns with the NT Government’s support for Empire and the development of the broader Beetaloo Basin, which is expected to create thousands of jobs, put downward pressure on energy prices across the NT and Eastern Australia, and has the potential to drive a resurgence of manufacturing in the Northern Territory.

The Empire team is progressing the final remaining approvals required to sell gas produced from the Carpentaria Pilot Project under the NT Petroleum Act’s Beneficial Use of Test Gas provisions".

To view the full announcement, click here.

Source: Empire Energy Group

NT Government: Territory Coordinator legislation out for public consultation until 17 January 2025

Thu, 14 Nov 2024 07:27:11 GMT

Territorians are encouraged to have their say on the draft Territory Coordinator Bill, which will re-define the way business is done in the Northern Territory.

The Territory Coordinator delivers on a commitment made to Territorians at both the 2020 and 2024 elections.

Chief Minister Lia Finocchiaro said the Territory Coordinator was an independent statutory officer, streamlining coordination for projects of significance, and enhancing the Territory’s economic competitiveness.

“Territorians have given us the job to deliver change for the better and this economic reform will enable the Territory to focus on our key economic strengths in mining, energy, agriculture, tourism and defence as we rebuild the Territory’s economy,” she said.

“This economic reform will be the most widely consulted on piece of game-changing legislation in a decade.

“Not only have we put out a public discussion paper to help inform the draft Bill, the next three months will be spent consulting and refining the draft Bill so it is ready for introduction in the February 2025 sittings of Parliament.

“The draft Bill will then be referred to the Legislative Scrutiny Committee for additional oversight before coming before Parliament in March for debate.

“Consultation on the draft Bill is open to all Territorians and I encourage them to have their say on this important reform.”

Mrs Finocchiaro also today announced long-term Territorian Stuart Knowles as the interim Territory Coordinator.

“As interim Territory Coordinator, he will get straight to work on establishing the office so it is ready to hit the ground running Q2 2025.”

The public’s feedback on the draft Bill will help shape the final functions and powers of the Territory Coordinator, ensuring the office effectively drives development while carefully considering environmental, social, and economic impacts.

“The current status quo will not deliver a safer Territory or better opportunities, and we all owe it to our children, and future generations, to get this economic reform right,” said Mrs Finocchiaro.

“For five-and-a-half years under Labor, the Northern Territory was the worst performing economy in Australia.

“The Territory’s population went backwards, there were no new major projects for eight years, public sector investment has significantly outpaced private sector investment which hit record lows under Labor, and all this was topped off by a crime crisis which has also contributed to our economic stagnation.”

From June 2004 until June 2024, public investment in the Territory increased by 190.8%, while private business investment increased by only 33.9% over the same period.

Deputy Chief Minister Gerard Maley said: “The Territory Economic Reconstruction Commission (TERC) and Langoulant Plan for Budget Repair both recommended an immediate overhaul of the major projects process and highlighted the need for a ‘single point of coordination’. That is what the CLP is delivering.”

“Labor failed to prioritise revenue-generating projects, instead sinking the Territory $9 billion into the red with no plan for economic growth, no plan to manage debt, no plan to tackle crime, and no vision for the Territory’s future,” said Mr Maley.

“There is no shortage of opportunities here in the Territory. Encouraging and supporting private investment is key to building independent revenue streams, creating jobs, and accelerating economic growth.

“In 11 weeks since winning the election, our CLP Government has hit the ground running rebuilding the economy.

“From January 1, our payroll tax reforms will make life easier for businesses, our HomeGrown Territory grants of up to $50,000 are helping Territorians get a foot in the door of their own homes, and we have backed gas development in the Beetaloo Basin.

“However, we need to do more to boost our economy and create jobs, and the Territory Coordinator has an incredibly important role to play. The CLP Government is cutting red tape, not cutting corners.”

Key features of the Bill include:

The ‘Primary Principle’ provides an overarching guide for use of all powers;

The ability to request information or direct a public entity to coordinate actions with other public entities;

Undertake public consultation regarding significant projects, program of works and Territory Development Area;

Limitations to the exercise of powers and parliamentary oversight including disallowance;

Limited exemption powers specific to significant projects, program of works and Territory Development Area;

Prioritisation, progression, decision making timeframes and step-in processes.

“Through the Territory Coordinator, the current mishmash of processes and powers will be pulled together under a strategic, transparent and accountable model of decision-making,” said Mrs Finocchiaro.

“Territorians deserve certainty, and a strong economy will deliver more police, better hospitals and schools. While other states move forward, the NT cannot afford to be left behind.

“In the long run, this economic reform will change the lives of everyday Territorians. We are eager to hear the community’s feedback on the draft Territory Coordinator Bill on how we can make it easier to do business in the Northern Territory.”

Visit cmc.nt.gov.au/territory-coordinator to review the draft Bill and share your feedback, or email OTC.Consultation@nt.gov.au until 17 January, 2025.

STUART KNOWLES BIOGRAPHY

A long-time Territorian with a background in the armed forces and transportation sector, Stuart Knowles previously worked with the Department of the Chief Minister and Cabinet prior to joining Inpex as Compliance Approvals Manager in 2014 looking after the regulatory requirements needed for constructing, commissioning and operating the mega project.

Knowles went on to ascend to the General Manager NT as Inpex stepped up its efforts towards decarbonisation.

After 10 years with Inpex, Knowles joined consulting firm, Scyne Advisory as the Managing Director Northern Territory.

Hon. Lia FInocchiaro - Chief Minister

Hon. Gerard Maley - Deputy Chief Minister

Source: Northern Territory Government Newsroom

NT Government: $400 million Darwin Renewable Energy Hub consultation opens

Wed, 13 Nov 2024 07:24:08 GMT

Public feedback is being sought for the proposed development of the Darwin Renewable Energy Hub.

The project will play a pivotal role in supplying more affordable, secure and cleaner energy for households and businesses on the Darwin-Katherine electricity system.

Minister for Renewables Gerard Maley said the project would boost the local economy over its operating life, creating around 500 jobs during construction and operation, including long-term sustainable jobs.

“A key priority of the CLP Government is economic development through jobs creation and this project represents a considerable injection into the Territory economy. It is expected to generate over $400 million in local supply chain spending during construction and large-scale private investment in generation and energy storage,” Mr Maley said.

“It is great for the economy and great for the environment, but the Darwin REH will also enable enhanced energy security and grid resilience, as well as place downward pressure on electricity bills.”

The REH involves the co-location of up to six large-scale solar farms, capable of generating 180-210 megawatts of renewable energy, alongside a battery energy storage system, all on a single site near existing network infrastructure.

The proposed site is 940 hectares of Crown Land located on the west side of Finn Road, about 19km south of Palmerston and 4km north of Berry Springs. The development area within the proposed site is approximately 500ha.

All electricity produced in the Hub will be fed directly into the Darwin-Katherine grid, supplying clean and renewable power to Territory households and businesses.

A comprehensive site selection process was undertaken to identify the most suitable location, with the proposed site zoned for light industry under the Darwin Regional Land Use Plan.

The consultation process will allow local residents, the community, businesses and key stakeholders to obtain information about the project and provide feedback.

The final project design and final investment decision will be informed by feedback provided through this consultation process.

Subject to a final investment decision on the project, implementation is expected to run from 2025 to 2030.

Territorians wanting to comment on the proposed site can visit: https://haveyoursay.nt.gov.au/darwin-renewable-energy-hub-site-location.

Public consultation will close at 5pm on Friday 28 February 2025.

Hon. Gerard Maley

Deputy Chief Minister

Minster for Renewables

Source: Northern Territory Government Newsroom

Tamboran: First Quarter Activities Report for Period Ended 30 September 2024

Wed, 13 Nov 2024 01:22:18 GMT

Tamboran Resources Corporation (NYSE: TBN; ASX: TBN) is pleased to present its First Quarter Activities Report and the First Quarter Results Presentation.

Highlights

Tamboran completed the drilling of the Shenandoah South 2H (SS-2H) well in EP 98 to total depth (TD) of 20,669 feet (6,300 metres) in 35 days (spud to TD). The well was the first ~10,000 foot (3,000 metre) horizontal section drilled within the Mid Velkerri B Shale in the Beetaloo Basin to date.
On completion of the drilling operations, a downhole mechanical issue was unable to be resolved, resulting in the well being plugged and sidetracked. The SS-2H ST1 sidetrack well has reached a depth of 16,201 feet (4,938 metres), achieving record drilling rates in the Beetaloo Basin following successful implementation of key learnings from the drilling of the original SS-2H well.
Drilling of the Shenandoah South 3H (SS-3H) well is expected to commence in November 2024 from the same pad. The SS-3H well is projected to be drilled with a 10,000-foot (~3,000-metre) horizontal section.

Both the SS-2H ST1 and SS-3H wells are planned to be stimulated with up to 60 stages using the recently imported Liberty Energy (NYSE: LBRT) frac fleet, which was successfully mobilized to site during the quarter. The stimulation campaign is planned to commence in 1Q 2025.

IP30 flow tests remain on track to be announced to the market in 1Q 2025, subject to timing of soaking period and weather conditions.

In November 2024, Tamboran contracted Enscope, an Australian engineering consultancy company, to order long lead items required for the Sturt Plateau Compression Facility (SPCF).

Tamboran and APA Group (ASX: APA) are on track to finalize agreements relating to the Sturt Plateau Pipeline (SPP) ahead of the ordering of long lead items in November 2024.

As at 30 September 2024, the Company had a cash balance of US$74.0 million, which excludes the US$7.6 million net payment (gross proceeds less commission) from the sale of Tamboran’s drilling rig in the US, which was received in October 2024

Tamboran Resources Corporation Managing Director and CEO, Joel Riddle said:

“The first quarter of FY25 was another busy period for Tamboran as we commenced our 2024 Beetaloo drilling operations. The SS-2H well spudded in late August 2024 following additional civils works required to stabilize the cellar at the well site. The well was successfully drilled to 20,669 feet (6,300 metres) total measured depth in 35 days, the second fastest drilling rate achieved in the Beetaloo Basin, behind the A3H well drilled by Tamboran in 2023.

“Despite delivering the longest horizontal well in the Beetaloo Basin to date, a downhole issue occurred upon the completion of drilling and before the installation of casing. Unfortunately, we were unable to remediate the issue, resulting in the well being sidetracked as the SS-2H ST1 well.

“The sidetrack was drilled from 1,837 feet (~560 metres) and is currently at a depth of 16,201 feet (4,938 metres) following successful implementation of key learnings from the drilling of the original SS-2H well. The SS-2H ST1 well has achieved the fastest drilling rates from the bottom of the Moroak Sandstone (~7,500 feet below surface) to date.

“We look forward to completing the SS-2H ST1 well and progressing the drilling activity on the SS-3H well. Importantly, we remain on track to deliver IP30 flow rates during 1Q 2025, which is in line with guidance.

“Further, the higher costs associated with drilling the SS-2H sidetrack well (~US$5 million) has been more than offset by the cash received for selling our US drilling rig (~US$8.5 million, pre-costs) meaning we are funded to deliver flow results from the SS-2H ST1 and SS-3H wells.”

Source: Tamboran Resources

To view the full ASX announcement, click here.

To view the 1Q FY25 Result Presentation, click here.

NT Government: NT and Indonesia strengthen economic and trade ties

Tue, 12 Nov 2024 08:30:00 GMT

The CLP Government and the Republic of Indonesia have signed a Memorandum of Understanding to strengthen collaboration on critical mineral and strategic material supply chains.

Formalised at the Australian Indonesia Business Council in Sydney this morning, the agreement is a first of its kind between any Australian jurisdiction and Indonesia.

The agreement is designed to establish a collaborative framework that promotes sustainable development and economic growth, fostering mutual benefit for both the NT and Indonesia.

It also seeks to capitalise on the Northern Territory’s status as an emerging critical minerals powerhouse and reinforces the region’s strong partnership potential, as Indonesia progresses its ambition to become a Southeast Asian hub for electric vehicle manufacturing.

Minister for Trade, Business and Asian Relations Robyn Cahill said Indonesia was the largest economy in Southeast Asia and the 10^th largest economy in the world based on purchasing power.

“It is important that the Territory continues to strengthen relationships with our key economic partners and diversify our markets,” said Ms Cahill.

“By signing the Memorandum of Understanding with the Indonesian Government, we are sending a clear message that we are open for business and that we are well placed to advance trade, investment and strategic partnerships in Southeast Asia.”

The Northern Territory has a strong pipeline of emerging mining projects in non-ferrous metals, critical minerals, and precious metals for the advanced manufacturing of batteries, semiconductors and renewable energy technologies.

“The agreement promotes sustainable development and economic growth which will create more opportunities for Territorians,” said Mrs Cahill.

“Indonesia is one of the Territory’s closest neighbours and is an important economic and strategic partner for local businesses.”

Highlights in the agreement include:

promoting opportunities for critical mineral investment
encouraging joint studies, exploration, and development of processing and refinery technology
collaborating on adopting and promoting sustainable and responsible mining practices
facilitating a skills development program through education and training.

The five-year agreement recognises mutual interest in nurturing strong and diverse energy supply chains, strengthening trade and investment links, and supporting respective national objectives in critical minerals processing between Indonesia and the Northern Territory

Source: Northern Territory Government Newsroom

APA Group: Beetaloo gas is a viable option to avoid eastern seaboard shortage

Tue, 12 Nov 2024 04:30:00 GMT

Developing gas reserves in the Beetaloo is a potential solution to mitigating the east coast’s looming shortfall and it should be considered, a senior executive at APA Group says.

The comments illustrate potentially contentious choices policymakers will need to make to offset a shortfall of gas primarily in Victoria and NSW that threatens to be economically catastrophic.

However, developing gas reserves in the Beetaloo would be contentious. It threatens to inflame tensions with Indigenous groups, which insist the land is culturally sensitive and must be preserved.

APA group executive of operations Petrea Bradford said Australia would need to act on addressing the gas shortfall if it wanted to decarbonise.

“We know that gas is needed in the southern markets. We know there are resources that can deliver on that outcome to market,” Ms Bradford said.

“We know to decarbonise Australia, we need gas to be there.

“The Beetaloo in particular provides an opportunity to assist and support in that - transition.”

Empire Energy and Tamboran Resources, two junior resources companies, are leading work to develop a gas industry in the Northern Territory after the former territory government permitted franking in a bid to unlock the lucrative sector, but the move has attracted opposition.

APA has partnered with Tamboran and Empire to scope a potential pipeline that if developed would bring gas into the eastern markets.

APA’s positioning in the Beetaloo has caused shareholder unrest, with some investors criticising the company at its recent annual general meeting.

But while socially contentious, developing the gas in the Beetaloo has more policymaker support. The NT government has thrown its weight behind the project, in contrast to the Narrabri development in NSW that has received only tepid support from the state Labor government.

Australia faces a race against time to mitigate the impact of a gas shortfall. The Australian Energy Market Operator has warned that gas power stations may need to turn to burning diesel as soon as 2026 as supplies tighten. Even with mitigation steps, the dominant supplier of gas to the region – ExxonMobil and Woodside’s Bass Strait Longford facility – will have been depleted by 2028.

Gas industry executives hope the call for action spurs authorities to approve new supplies and inhibit the capacity of opponents to block new developments.

But expansion plans of Senex Energy, backed by Gina Rinehart and South Korean steel giant POSCO, remains the largest of a small number of developments given the green light – which energy officials have widely condemned.

The federal government insists it supports and values the role of gas, but critics say regulatory delays are indicative of its commitment to bolstering new supplies. Gas remains polarising and pockets of the electorate are deeply opposed to new developments. Critics of the government believe Anthony Albanese is unwilling to alienate a key voter bloc ahead of an election due next year.

Industry figures have warned postponing the decision leaves Australia badly exposed to supply disruptions, with little time to bring new supplies to market before supplies tighten. Without adequate gas supplies, traditional users – such as manufacturers that are unable to switch to renewables, and households in Victoria, face increased bills. Manufacturers have warned the viability of some industries will be at risk if bills were to rise.

Households with gas will also be stung in their electricity bills under a supply crunch. Gas is used in Australia as a peaker. During periods of high demand for electricity or when renewable energy supplies are curtailed during to unfavourable weather, gas is used for electricity generation.

Without enough supplies of gas, electricity generation would struggle to meet demand and prices would rise.

These increases in bills felt by consumers are unlikely to be seen by 2026 at the earliest, but Australia can ill afford a spike in utility bills.

Energy bills were a key driver in inflation surging amid a global energy crunch, which forced the Reserve Bank to lift interest rates 13 times.

The ensuing cost-of-living crisis has seen a record number of people struggle to pay their electricity bills, which has sapped support for the federal government.

Source: The Australian Business Review

CLP Government backs Beetaloo as economic powerhouse

Tue, 12 Nov 2024 00:57:35 GMT

The CLP Government has reinforced its commitment to the development of the Beetaloo Sub-Basin as a world-class precinct critical to the Territory’s economic development, and for domestic energy security.

Minister for Mining and Energy, Gerard Maley, recently visited the Beetaloo to inspect current operations by Tamboran Resources at its Shenandoah South site on Exploration Permit 98.

Mr Maley said the development of the Beetaloo Sub-Basin was an urgent priority of the CLP Government, saying it would create jobs, generate further private investment and build on the Territory’s many competitive advantages.

“The Territory’s gas is what will help rebuild the Territory’s economy, and we have this resource here and ready to go,” he said.

"It will underpin renewables, power manufacturing and importantly, contribute to Australia’s energy security.”

“My recent visit to Tamboran’s operations gave me a first-hand view at the level of investment, technology and expertise that is being applied to the development of the Beetaloo.”

Following successful flow results earlier this year at its Shenandoah South 1H (SS1H) well, Tamboran is now drilling the first of two wells, the Shenandoah South 2H (SS2H) well at a new location about 5km from the SSH1 well.

“Tamboran is currently building on the favourable results it received in April this year, with new flow results expected in 2025 which will provide definitive confidence for investors to unlock more potential at the Beetaloo,” said Mr Maley.

“On the ground, I witnessed cutting-edge technology at the forefront of global innovation. There is significant work and planning being undertaken, and this will support the work of other operators in the fields such as Empire and Santos.”

Treasurer Bill Yan said: “The CLP recognises the economic contribution of our resources sector, and we are committed to unlocking the enormous potential of the Beetaloo Basin to rebuild the NT economy.

“The Beetaloo Sub-Basin is projected to bring in $1 billion a year in gas revenue, and create between 6,000 and 13,600 new jobs over a 25-year field life,” he said.

Tamboran has agreements with pipeline operator APA Group Pty Ltd for it to build a 35km pipeline from its Shenandoah South well sites, connecting the gas development area to the Amadeus Gas Pipeline.

This pipeline will enable gas from the Shenandoah sites to be transmitted to the Amadeus pipeline for commercial sale and is expected to be completed in 2026, subject to a range of conditions and approvals being met.

Source: Northern Territory Government Newsroom

AER releases annual review of electricity and gas markets

Thu, 07 Nov 2024 02:59:23 GMT

The Australian Energy Regulator (AER) today released the State of the energy market 2024 report which provides a comprehensive review of the year that was across Australia’s energy markets.

The report covers key trends and developments in the gas and electricity markets, documenting the end-to-end operation of our energy markets.

The report highlights that over the past year wholesale electricity prices have eased from the extreme levels of 2022 but are increasingly volatile. Weather conditions and outages at both generator and network levels during high demand periods contributed to the volatility. The market experienced record low electricity demand in New South Wales, Victoria, South Australia and Tasmania, but also record high demand in Queensland.

Collectively, consumers have become an even more integral part of the energy transition through their investment in rooftop solar, batteries and electric vehicles, with residential solar in the National Electricity Market (NEM) now exceeding 20 gigawatts – 2.9 gigawatts more than last year.

AER Chair Clare Savage said that with the sector changing so fast, the importance of efficiency in the energy system has never been more critical.

“We’re calling for a renewed focus on network utilisation and improved efficiency – for industry to look for ways to more effectively use the existing network before investing in new assets.

“Now is the time to get creative. Regulatory sandboxing tools such as the Energy Innovation Toolkit are available to allow for the trialling of innovative approaches to new products and services that will deliver greater choice and cheaper energy options for consumers.

“As technology evolves and the sector innovates, consumer protections must also be designed to support an energy system where consumers can use multiple energy services to consume, trade and produce energy. We’ve presented detailed analysis on this issue to Energy Ministers and look forward to seeing this progressed as part of the National Consumer Energy Resources Roadmap,” Ms Savage said.

Significant shifts have also been observed in gas markets. While gas will continue to play a role supporting electricity reliability and large industry for some time, we have observed further moves towards the electrification of domestic gases in the past 12 months.

Affordability and energy debt remained challenging for consumers. While the proportion of customers in debt has remained stable, the average amount of debt per customer increased in 2023–24. Rebate assistance from governments has helped offset energy price increases, however broader economic conditions have continued to impact consumers.

Alongside the State of the energy market report, the AER will continue to publish a range of in-depth reports into specific parts of the energy system in the coming months.

Background

For more than 15 years the Australian Energy Regulator’s (AER) flagship State of the energy market report has provided a comprehensive view of Australia’s electricity and gas markets and the experiences of consumers.

Source: Australian Energy Regulator (AER)

Empire Energy Group: Key shale gas well to be spudded in Australia

Wed, 06 Nov 2024 01:16:57 GMT

Australian independent Empire Energy is on track to this month spud its eagerly awarded Carpentaria-5H (C-5H) well on its Beetaloo basin shale gas acreage onshore Australia.

The company is now focused on taking the final investment decision for its Carpentaria pilot project, and commencement of gas deliveries from mid-2025, subject to receipt of all regulatory approval.

Empire in its third quarter operational update said that planning for the C-5H well’s drilling, stimulation and tie-in continued “in anticipation of November commencement”.

The operator has chartered Ensign Rig 965 to drill the well and lined up US services contractor Halliburton to perform the fracture stimulation. Long lead items, including drill casing and wellhead, have been secured.

Following consultation with traditional owners in August, some of the traditional owners are working on the C-5H well pad site, which Empire said is consistent with its strategy to maximise the benefits of the company’s activities for local landholders and communities.

The C-5H well will be drilled from the same well pad and will target the same Velkerri B shale as Carpentaria-2H (C-2H) and Carpentaria-3H (C-3H); with these three wells forming form the initial phase of the Carpentaria pilot project.

C-5H will be Empire’s longest drilled and stimulated horizontal shale well to date, and will target an approximate 3000-metre horizontal section with some 60 fracture stimulation stages. The C-5H fracture stimulation is expected to commence shortly after Ensign's rig is released. Unlike the previous wells, C-5H will be completed with a five and a half-inch casing and stimulation horsepower significantly increased to maximise gas productivity, noted the operator.

Empire said that C-5H will integrate the best completion practices from North American shale analogues and incorporate learnings from its C-2H and C-3H wells.

The goals of C-5H include executing a development scale well for the Carpentaria pilot project, optimising fracture stimulation design to achieve higher productivity and conducting a long-term production test to develop a Carpentaria-type curve for long laterals for full-field development planning.

Empire has a 10-year binding Gas Sales Agreement with the Northern Territory government to supply 25 terajoules per day from the Carpentaria pilot project commencing in 2025, plus an additional 10 TJ+ per day Option Supply.

“During the [third] quarter, the Empire team has been focused on preparation for delivering the Carpentaria-5H pilot development well later this year and the installation of the Carpentaria Gas Plant in 2025,” said Empire managing director, Alex Underwood.

“We have all approvals in place for the drilling and stimulation of Carpentaria-5H and we are progressing approvals for the commencement of gas sales through the plant into the McArthur River Gas Pipeline with the Northern Territory government and the Northern Land Council on behalf of traditional owners.”

Underwood added that Empire has selected a preferred financier and would update shareholders once that process reaches its conclusion.

Source: Upstream

To view the original article, click here

NT Government: Territory Coordinator a key commitment to rebuilding our economy

Fri, 25 Oct 2024 05:28:11 GMT

Territorians sent a clear message that business as usual is not good enough when we are languishing on the bottom of most economic charts across the nation.

Chief Minister Lia Finocchiaro said: “Already, you have seen the new CLP Government move swiftly to rebuild our economy with our HomeGrown Territory grants, and payroll tax breaks for small business.”

“Next, we are gearing up to kick start economic growth and the Territory Coordinator will play a key role in that,” she said.

“Today, Labor tried to play political games and throw mud at our election commitment for a Territory Coordinator but we have been elected to deliver change for the better.

“Does this mean they don’t support our plans to rebuild the economy? Are they OK being the hardest place to do business and bottom of the charts?

“My Department is currently doing targeted consultation with a range of groups, including the land councils, local government, Environment Protection Authority, Controller of Water Resources and the Heritage Council, yet somehow Labor wants to kill economic growth before it even happens.

“Feedback from stakeholders will help shape the final legislation before its introduction to the Legislative Assembly in future sittings and at that time all members and the community will be able to have their say.”

The Territory Coordinator will:

Fast-track major investments, making it easier for investors to bring big ideas to life.

Streamline approvals across government, removing roadblocks to economic progress.

Boost the Territory’s competitiveness, attracting large-scale investments to fuel growth and development.

“The Territory Coordinator is key to unlocking the potential of the Northern Territory,” said Mrs Finocchiaro.

“This structure will not only fix log jams in processes but also ensure we are competitive on the global stage when attracting investment.

“It’s about creating jobs, driving growth, and making the Territory a place where projects of significance can get off the ground.

“My team is not about games, we are laser focused on reducing crime, rebuilding the economy and restoring our lifestyle.”

Source: NT Government newsroom

Empowering Territorians to cut costs with shared solar savings

Thu, 24 Oct 2024 03:05:02 GMT

Territorians living in apartments and units across the Territory will soon be able to access shared rooftop solar, with the CLP Government launching a new grant scheme in partnership with the Australian Government.

Around 300 Territory households are set to benefit from this scheme.

Minister for Renewables, Gerard Maley said “We know that cost of living pressures are hitting the hip pockets of Territorians, and this initiative will help more households to generate their own electricity and slash power bills.”

“This grant will support the installation of new shared rooftop solar for those living in apartments that traditionally haven’t been able to access the cost savings of renewables,” Mr Maley added.

The $2.35 million initiative is funded through the Australian Government’s Community Solar Banks program and managed by the Northern Territory Government.

The scheme supports apartment complexes across the Northern Territory to install shared rooftop solar systems – potentially slashing power bills by up to $500 a year, per dwelling.

Applications will soon be open for the first round of the scheme, which will make it cheaper and easier for Territory apartment residents to install shared rooftop solar.

Around 18 per cent of Territory households live in apartments or units, with more than half of these occupied by renters.

Grants of up to $7,500 per dwelling or apartment will be offered to eligible Body Corporates and other multi-dwelling management entities to support up to half of the cost of installing a shared solar PV system.

“The CLP Government is restoring our lifestyle, and easing cost-of-living pressures is one way we are helping Territorians do just that,” said Mr Maley.

For more details, or to see if you are eligible to apply go to Programs | Territory Renewable Energy (nt.gov.au) https://territoryrenewableenergy.nt.gov.au/programs">https://territoryrenewableenergy.nt.gov.au/programs

Source: Northern Territory Government Newsroom

Payroll tax reform: NT businesses incentivised to grow jobs

Wed, 23 Oct 2024 03:27:32 GMT

The CLP Government is delivering on another election commitment, announcing it will save Territory businesses up to $68,750 every year through payroll tax reforms.

On average, businesses will save $22,000 annually, and payroll tax will be eliminated for about 200 existing businesses, incentivising businesses to employ more people.

Chief Minister Lia Finocchiaro and Treasurer Bill Yan said the changes would give the Territory the highest payroll tax tax-free threshold in Australia, increasing from $1.5 million to $2.5 million.

Employers with wages between $2.5 million and $7.5 million will also see reduced payroll tax.

Payroll tax for businesses with wage bills below $2.5 million will be waived, starting 1 January, 2025 while businesses between $2.5 million to 7.5 million will see their tax bill decrease from 1 July 2025.

“The changes will eliminate payroll tax and red tape for about 200 employers, with another 380 businesses benefiting from reduced taxes,” said Mrs Finocchiaro.

“Our government promised we would rebuild the economy, and that is what we’re doing.”

Treasurer Bill Yan added: “In addition, apprentice and trainee wages will also be exempt from payroll tax from 1 July 2025 as part of the new $2.5 million threshold, saving businesses thousands of dollars more while encouraging them to invest in growing Territory apprenticeships and traineeships.”

There are about 3,700 apprentices and trainees in the Territory.

“Our changes mean Northern Territory employers with total payrolls below $2.5 million will not pay payroll tax at all,” said Mr Yan.

“To get the Territory’s economy moving forward and rebuilding our reputation, we need to be the most competitive place to do business in the country.”

Plumbing Maintenance Services owner Pat Whitehead said as the cost of doing business rises, tax relief in the form of payroll tax cuts were very welcome.

“We have 26 plumbers employed on our books, including apprentices, and this absolutely gives us incentive to grow and employ more people,” he said.

“Our wage bill is a huge component of running our business, so to have this relief will not just save jobs, but grow them.”

Source: Northern Territory Government Newsroom

INPEX advances assessment for Australia-Japan CCS chain

Tue, 22 Oct 2024 22:53:34 GMT

INPEX has announced the formation of a new partnership with Japanese Chubu Electric Power aimed at assessing the feasibility of establishing a cross-border carbon capture and storage (CCS) value chain.

The study focuses on capturing CO2 in Japan and transporting it from the Port of Nagoya in Aichi Prefecture to offshore reservoirs in Australia's depleted Bonaparte Basin storage.

In 2022, INPEX and its joint venture partners - TotalEnergies and Woodside Energy - secured a greenhouse gas (GHG) storage assessment permit, G-7-AP, which spans 27,500 square kilometres in the Bonaparte Basin off the NT's northwestern coast.

According to Geoscience Australia, the Bonaparte Basin consists of 14 structural elements, including the Vulcan Sub-basin, Laminaria-Flamingo High and northern Sahul Platform, which are the most prospective parts.

The INPEX-led consortium aims to begin CO2 injection around 2030, which could potentially become a key component of the Darwin-based carbon capture, utilisation and storage (CCUS) Hub proposed by the NT Government.

INPEX's Ichthys LNG project would also be a natural user of this CCS solution as it seeks to reduce its GHG emissions.

According to the Japanese gas developer's Long-term Strategy and Medium-term Business Plan released in 2022, CCUS is one of INPEX's five net zero business areas and sets a target of achieving an annual CO2 injection volume of 2.5 million tons or more by around 2030.

The company also aims to provide a stable supply of diverse and clean energy sources, including oil, natural gas, hydrogen, ammonia and renewables, as a pioneer in energy transformation.

Chubu is one of Japan's biggest power utilities, serving the central region that's home to major automakers, including Toyota Motor. The utility firm is also a 50% owner of JERA, Japan's top thermal power plant operator and the world's biggest LNG importer.

The Carbon Capture Utilisation and Storage Network Australia (CCUSNA) has been contacted for comment.

Inpex locks in approval to start CCS drilling plans

Late last year, Australia's offshore regulator gave INPEX the green light to begin its CCS drilling program in the Bonaparte Basin.

Geoscience Australia believes the Bonaparte CCS project could inject between 2 million and 7 million tonnes per year, but that it could come online in 2026, a year earlier than Santos' Bayu-Undan project.

Inpex has identified two saline reservoir-seal pairs with a storage capacity of 15.9 gigatonnes, or 300 trillion cubic feet of CO2.

Source: Energy News Bulletin

SunCable receives Conditional Approval from Singapore’s Energy Market Authority to proceed with Australia-Asia PowerLink project

Tue, 22 Oct 2024 03:44:08 GMT

SunCable has today been granted Conditional Approval by the Singaporean Government’s Energy Market Authority (EMA) to import green electricity via its flagship project the Australia-Asia PowerLink (AAPowerLink).

The Conditional Approval follows a comprehensive process by the EMA which determined that AAPowerLink is technically and commercially viable.

Mitesh Patel, Interim CEO of SunCable International, welcomed the announcement and thanked the EMA and the Singaporean Government for their support.

“Today’s announcement is a vote of confidence in the commercial and technical viability of our project,” he said.

“Obtaining Conditional Approval means SunCable can move forward with the next phase of development and commercial activities and strengthening our partnership with Indonesia.

“We will also progress commercial discussions with industrial customers in Singapore and engagement with the Northern Territory Government and the Traditional Owners of the project site.

“We are seeking to supply up to 1.75GW (15 per cent) of Singapore’s total electricity needs, and to critically diversify Singapore’s technology and import origin mix, which will improve the resilience of the country’s energy grid and help it achieve its Net Zero goals.”

The AAPowerLink aims to deliver 1.75GW of green electricity to customers in Singapore.

This is in addition to the planned 4GW staying in Australia to power future green industries in Darwin.

SunCable will uniquely offer customers a firm 24/7 load sourced from solar and wind energy backed by storage to meet Singapore’s day and night-time renewable energy demand.

Energy will be generated in the Barkly region of the Northern Territory, which offers some of the world’s best renewable resources, facilitating globally cost-competitive and secure green power.

To date, SunCable has invested over AUD $270 million across Australia, Singapore and Indonesia to support the development of the project.

“Receiving Conditional Approval provides increased confidence in the concept of developing cross-border electricity trade, and establishing a new export industry for Australia,” Mr Patel said.

“High voltage long-distance subsea cables are critical to the global energy transition, and solve for the transmission of green electrons within and between countries.”

Electricity demand in the Asia-Pacific is set to increase by 70 per cent by 2040 and more than double by 2050, Mr Patel said.

“SunCable has identified the opportunity for Australia to play a key role in meeting this demand by building landmark projects that utilise High Voltage Direct Current subsea cable to connect high-yield renewable energy generation in the Northern Territory to major cities throughout the region,” he said.

Today’s approval builds on a series of recent project milestones reached by SunCable.

In August, the AAPowerLink received its principal Commonwealth Government environmental approval, allowing the company to pursue the next phase of development, working closely with valued stakeholders in Australia and overseas.

The project will create thousands of jobs and an estimated AUD $20 billion in economic value to the Northern Territory over its construction and operation phases.

SunCable is advancing key authorisations and approvals with the Northern Territory Government and with the Traditional Owners of the generation site, and is progressing commercial offtake discussions with green industrial proponents in the Darwin region.

The company will also continue development activities in Indonesia and Singapore.

It will spend USD $2.5 billion directly in Indonesia over the project’s lifespan, creating an estimated 7,500 jobs across sectors including manufacturing, construction, marine, maintenance, and energy.

SunCable has already started to help grow Indonesia’s renewable energy workforce by investing in and funding various partnerships, scholarships, and joint research projects.

In Singapore, SunCable’s clean energy import will increase energy security and resilience; drive green industrial development; support Net Zero goals; create jobs; and directly abate six megatons of carbon each year.

Source: SunCable

Santos bags US$800m for Darwin LNG life extension

Thu, 10 Oct 2024 08:30:00 GMT

Santos has locked in an US$800 million loan to proceed with the life extension works of its planned Darwin liquified natural gas (LNG) plant in the NT.

This comes after the firm sought approval to extract oil and gas from the Barossa field - a new energy source to feed the Darwin LNG plant as the Bayu-Undan gas field in the Timor Sea is drying up.

Santos CEO Kevin Gallagher said this is an excellent result for the Darwin LNG project.

"The debt raised by the Darwin LNG joint venture is wholly consistent with our strategy of securing flexible, long-duration and competitively priced funding," he noted.

"With these facilities in place, Darwin LNG is well-funded to complete the life extension works scheduled for mid-2025.

"It positions Darwin LNG to consider future expansion of this important infrastructure, including through the potential provision of third-party carbon capture services in Darwin."

Santos told its shareholders today that the new syndicated bank loan facilities comprise a US$350 million 7-year, partially amortising loan maturing in 2031 and a US$450 million 12-year partially amortising loan maturing in 2036.

According to Santos, following the end of LNG production from the Bayu-Undan field in late 2023, DLNG is undertaking works to extend its design life and provide gas processing and marine loading services to the Barossa joint venture, around 300km north of Darwin.

Santos owns a 43.43% stake in the Darwin LNG project, while other oil and gas majors SK E&S holds 25%, INPEX 11.4%, Eni (11%), and Japan's JERA (6.1%) and Tokyo Gas (3.1%).

Santos approved to wind down the Bayu-Undan to Darwin gas pipeline

In July, Santo confirmed the 502km gas export pipeline connecting the Bayu-Undan gas field and Darwin LNG plant would enter a preservation phase once the gas from the field no longer powers the Bayu-Undan Central Processing Facility.

During this phase, which is expected to last around 12 to 36 months, the pipeline will be filled with reservoir gas until Santos decides whether to repurpose it for carbon capture and storage or decommission it.

Meanwhile, Santos plans to drill at least six subsea wells to pump gas from the Barossa gas field and transport it to the Darwin LNG facility via a gas export pipeline.

Australia's offshore energy regulator is currently assessing the proposal.

Source: Energy News Bulletin

Santos signs mid-term LNG supply contract

Wed, 02 Oct 2024 00:16:57 GMT

Santos today announced the signing of a mid-term LNG supply contract with TotalEnergies Gas & Power Asia Private Limited (TotalEnergies).

The contract is to supply 20 LNG cargoes, or up to approximately 0.5 million tonnes of LNG per annum over a period of 3 years plus one quarter. The contract will commence in Q4 2025 with LNG being supplied from Santos’ global portfolio of world-class LNG assets on a delivered ex-ship basis.

Santos Managing Director and Chief Executive Officer Kevin Gallagher said the contract with TotalEnergies is a new LNG relationship for Santos and builds on our existing joint venture partnerships.

“This oil indexed contract, along with the recently executed long-term LNG Sales and Purchase Agreement with Hokkaido Gas in Japan, and the mid-term contract with Glencore, demonstrates Santos’ strong LNG portfolio position and customer relationships in the region. Our portfolio is nicely balanced over the short to medium term with around eighty percent of volumes indexed to oil price and around twenty percent exposed to spot pricing.”

“There continues to be extremely strong demand in Asia for high heating value LNG from projects such as Barossa and PNG LNG as countries focus on reducing their carbon emissions. Santos is committed to supporting the energy security of our valued customers across Asia, where gas will play an essential role in decarbonisation efforts across the region,” Mr Gallagher said.

To view the full announcement, click here.

Source: Santos

DEPWS: Assisting CSIRO with field data collection for their hot springs research

Thu, 26 Sep 2024 05:21:30 GMT

CSIRO’s Gas Industry Social and Environmental Research Alliance (GISERA) are undertaking a research project that aims to provide environmental baseline characterisation of the springs in Hot Springs Valley, which is located in an area northeast of the Beetaloo (geological) Sub-basin.

The springs in the area hold high environmental and cultural value. The baseline environmental data on the springs in and around the Hot Springs Valley will provide an important benchmark and evidence base for the protection and management of this significant area.

The project leader, Cindy Ong, invited staff from Water Resources Division of DLPE to assist with the field campaign in August. Ursula Zaar, who has had experience working in the area was delighted to accept the opportunity to work with the dedicated and highly experienced scientific team. The CSIRO field team came from Perth, Adelaide and Brisbane, covering the fields of geology, greenhouse gas emissions, hydrogeology, hydrochemistry and environmental tracers. They were joined on site by two Northern Land Council managers and 6 Traditional Owners from communities as far afield as Ngukurr. Altogether, there were up to 21 people in the camp.

The spring and geological sites were accessed by foot and many kilometres were walked during the course of the campaign. The Traditional Owners led the way to a very culturally sensitive spring site.

The temperature of the hot springs varied from 42 to 65°C with the latter indicating a source of around 1 km deep. Most of the spring discharges were generally small, below 10 L/s. Where possible, water samples were collected in a variety of containers including bottles, copper tubes and gas bottles as required for the type of analysis.

Parameters to be analysed include ions, isotopes, hydrocarbon concentrations, headspace and dissolved gases, stable noble gases and radioactive noble gas isotopes, where the latter are the most reliable “age” tracers. Methane and ethane concentrations and emission rates were measured on site.

The field work and analysis will help explain the source and discharge pathways of groundwater and gases, which naturally discharge from some of the springs. The research will inform ongoing management, monitoring and preservation of the springs and provide a baseline prior to any potential development of gas resources in the nearby Beetaloo Sub-basin. This information is highly beneficial to thedepartment and protecting our unique natural assets.

https://gisera.csiro.au/research/surface-and-groundwater/environmental-baseline-characterisation-of-the-springs-in-hot-springs-valley-nt/

Source: Department of Environment, Parks and Water Security

Tamboran Resources has released its Fourth Quarter and Annual Presentation.

Mon, 23 Sep 2024 03:38:35 GMT

FY24 Highlights

Achieved the highest normalized flow rates from the Beetaloo Basin to date from the Shenandoah South 1H (SS-1H) well

Secured funding of US$82 million (pre costs) for Tamboran’s operated 2024 Beetaloo Basin drilling program via the successful IPO on the NYSE.

Entered into a Strategic Agreement with 3 Liberty Energy (including US$20 million investment) to import modern US frac fleet into the Beetaloo Basin

Signed a 15.5-year Binding Gas Sales Agreement with the Northern Territory Government for proposed SS Pilot Project (Phase 1)

Signed LOIs with six East Coast gas buyers for up to 875 MMcf/d (>50% current East Coast gas demand) (Phase 2).

Signed two MOUs with bp and Shell for 2.2 MTPA of LNG each and awarded Bechtel Pre-FEED activities on proposed NTLNG project at Middle Arm (Phase 3).

To view the full asx announcement, visit: Tamboran Resources ASX Announcements

Source: Tamboran Resources

Santos: Barossa project 80 per cent complete as first gas looms

Sun, 22 Sep 2024 02:44:58 GMT

Energy company Santos’ signature Barossa project is nearing 80 per cent completion, with first production estimated within the next 12 months.

Santos executive Vince Santostefano told last week’s Northern Territory Resources Week conference in Darwin the “hard slog” project would deliver significant benefits for the Territory, nation and regional neighbours.

He told delegates the controversial pipeline environmentalists and academics misleadingly persuaded a section of the Tiwi Island community to oppose, according to a federal court judgement, had been completed, and a third Barossa well had also been drilled, with excellent reservoir results.

He said the floating production, storage and offtake vessel – which is the largest of its type in the world – was on track to arrive in Australia from Singapore early next year and that the Darwin LNG Life extension project was now 50 per cent complete.

He said Santos was investing more than $6bn in the Darwin LNG life extension, Barossa and the Bayu-Undan carbon capture and storage project.

When open, Barossa will deliver 300 new operations and maintenance jobs in the Territory with about $2.5bn in wages and supplies expected to flow into the local economy during the project’s life.

“Getting to the halfway point on the Darwin LNG life extension is a great milestone for a project of critical importance to Darwin,” Mr Santostefano said.

“Santos has invested heavily to deliver the Barossa Gas Project because our customers continue to need gas for heating, electricity and for making critical products such as fertilisers, steel and the polymers.

“These are the foundation of all kinds of chemicals and plastics – from toothpaste to medical syringes, from paint to the moulded dashboards of our cars. Countries like Japan, Korea, Malaysia, Indonesia, Singapore and China, simply will not sacrifice the energy security of their people or their economies.”

He said the Territory’s natural endowment meant it would be crucial to delivering the future energy mix required to power Australia and the region.

“The Territory has enormous potential as a leading supplier of affordable energy to Australia and the giant energy-consuming economies of Asia,” Mr Santostefano said.

“It has a wealth of gas resources – onshore and offshore – a wealth of renewable resources, particularly solar – and a wealth of both geological and nature-based carbon sequestration opportunities.

“It’s the ideal place for new industrial development including hydrogen, ammonia and polymers and potentially, critical minerals processing. It has plenty of land and deep water ports and is close to our energy markets in Asia.”

He dismissed scare campaigns against gas.

“Australia has a responsibility to use its comparative advantage in both gas and carbon storage resources for the betterment of not only our own nation, but to support regional stability by providing energy security and carbon solutions for our trading partners and friends in Asia,” he said.

Source: The NT News

Top End Energy: Presence of Organic-Rich Source Rocks on EP 144

Thu, 19 Sep 2024 03:44:21 GMT

Top End Energy Limited is pleased to provide an update on its recently acquired Exploration Permit (EP) 144 (the Permit), which is located in the South Nicholson Basin area of the Northern Territory (NT) of Australia.

HIGHLIGHTS

Existence of organic-rich shales on EP 144 proven by recent drilling on overlapping mineral tenure.
Preliminary analysis confirms Proterozoic organic-rich source rocks are present with up to 3.1wt% TOC, sampled from whole core captured during Encounter Resources’ recent drilling campaign.
Data is consistent with the Lawn Hill shale interval intersected at nearby NDI Carrara-1 stratigraphic well, where TOC was sampled up to 3.2 wt%. • Ongoing organic petrographic analyses to help determine thermal maturity of organic-rich intervals.
Geophysical wireline logging of Encounter’s wells planned ahead of resampling whole core intervals.
Deep stratigraphic well planning to test deeper source rock intervals interpreted on seismic to be present and confirm stacked shale play potential.

Source: Top End Energy ASX Announcement

Environmental Defenders Office secrets revealed as Santos chases Barossa costs

Thu, 19 Sep 2024 02:54:35 GMT

The Environmental Defenders Office is poised to deliver the next tranche of documents to Santos, as the oil and gas company tries to identify who funded the failed bid to block a key part of the $5.7bn Barossa LNG development.

The documents, which are expected to be turned over to Santos on Friday, will guide the South Australia-headquartered company as to who it pursues for costs over legal action by a Tiwi Islander, Simon Munkara.

Mr Munkara had sought an injunction against the gas giant’s plan to develop a 262km pipeline for new LNG wells in waters off the Northern Territory, arguing it would irreparably damage cultural associations with the sea.

The Federal Court rejected the application in a scathing judgment and permitted Santos to pursue costs.

Santos has said it will not pursue Mr Munkara but will instead demand reparations from the backers of the bid.

To ascertain who Santos holds responsible, the Federal Court has ordered the EDO to turn over all communications related to the legal challenge, and The Australian understands the body will on Friday submit the third of four tranches of files.

There is widespread interest in the details of the communications, particularly after the EDO offered to pay Santos’s costs after months of insisting it was not liable.

If Santos had accepted the EDO offer, it would have ended the case and stopped the transfer of all of the EDO’s communications related to the case. The EDO would typically not be considered liable for costs as Mr Munkara’s legal counsel.

Santos is likely to be eligible for millions of dollars – a figure that would cause significant harm to the EDO.

Santos earlier this month revealed its legal costs from the case were approximately $8m.

Typically about 70 per cent of the costs incurred are offered to the victor, a sizeable sum for the EDO.

A spokeswoman for the EDO declined to comment.

Lawyers for the organisation said the offer to pay Santos was driven by a desire to end the litigation.

A spokeswoman for Santos declined to comment.

However, sources familiar with the case said the company believed the delivery of documents would provide it with the most illuminating information yet.

However, the EDO may wait until mid-October to provide the most sensitive information as the Federal Court has ruled all documents must be turned over to Santos by then.

The EDO has little scope for further delays. In the most recent hearings, Federal Court Justice Natalie Charlesworth rebuked the legal group for its failure to comply with an earlier order to hand Santos the relevant documents by the end of August, though she gave a short extension.

Lawyers for the EDO said the process of determining relevant documents was difficult, and the entity had to be mindful of so-called privileged information.

Privileged communication includes interactions between two parties where the law recognises a private, protected relationship. Whatever is communicated between the two parties must remain confidential, and the law cannot force disclosure.

The EDO assured Justice Charlesworth it was moving as quickly as possible, and had engaged outside help to accelerate the transfer.

Santos is eager to see the documents, and had offered to pay for an independent entity to accelerate the transfer – underscoring the keenness and conviction of the oil and gas company.

Santos chief executive Kevin Gallagher has repeatedly declined to comment on the matter directly, but has said that those who brought cases that were deemed to have no merit should be held accountable.

The comments illustrate growing frustration in the Australian gas industry after environmentalists used the courts to slow or block LNG developments.

Santos has been a particular target, with critics successfully arguing on behalf of Indigenous groups.

Santos’s Barossa project was delayed by more than a year when the Federal Court ruled the company had not adequately consulted with stakeholders before seeking approval for its environmental plan.

The federal government had promised to restrict the capacity of opponents to use the courts, but shelved plans earlier this year.

But Santos’s aggressive pushback appears to have altered the legal landscape.

In August, in an unrelated case, the Australian Conservation Foundation dropped its legal bid to block Woodside’s $16.5bn Scarborough LNG project off the coast of Western Australia.

In 2022, the ACF asked the Federal Court to order a suspension of work on the project until an assessment was made about its potential effects on the Great Barrier Reef.

Source: The NT News

Resources Week to showcase how CLP Government will rebuild NT economy

Wed, 18 Sep 2024 03:48:39 GMT

The CLP Government will fix the economic mess Labor left behind and aim to capitalise on record mineral exploration expenditure in the NT.

Mineral exploration expenditure for 2023-24 was the highest financial year on record at $227.4 million, increasing from $200.1 million in 2022-23.

Kicking off NT Resources Week in Darwin, Chief Minister Lia Finocchiaro said the 14 per cent rise was nearly nine times higher than the Australia-wide increase of 1.6 per cent.

“Under my new CLP Government’s economic policies, we will vigorously pursue mining, gas, defence, tourism and agriculture,” Mrs Finocchiaro said.

“This is unlike the previous Labor Government which left the Territory as a place which was too hard to do business. We saw no new major mines open in eight years and approval times have blown out to ridiculous levels.

“The development of new mines, as well as the Beetaloo Basin, is now an urgent priority for us to rebuild the Territory’s economy.

“Labor failed to have the right framework to deliver, which is why we have changed up government departments, and we are making it easier to do business through reducing payroll tax and establishing a new Territory Coordinator to slash red tape and fast-track approvals.”

Mr Maley said: “The mining and resource sector will continue to play a vital role keeping Territorians employed, and hundreds of businesses across our regions engaged.”

“We have recently established the Department of Mining and Energy to support our key resources industry. We have also established the Department of Lands, Planning and Environment to ensure timely environmental approvals are achieved and create a better system for economic development,” he said.

Mrs Finocchiaro said: “Our CLP Government is full of hope and optimism about the future of the Northern Territory.”

The Territory has 17 of the world’s most in demand critical minerals, including cobalt, copper, lithium, manganese, rare earths, and zinc.

The total value of mineral production in the Northern Territory was $4.32 billion in 2023-24.

Source: Northern Territory Government Newsroom

Empire Energy Group: Empire executes drilling & fracture stimulation contracts for Carpentaria Pilot Project

Tue, 10 Sep 2024 02:12:55 GMT

Empire is now entering an exciting phase, targeting commencement of sales from the Beetaloo.

Following the recent successful capital raising, the team has been progressing design and execution planning for the C-5H pilot development well and engineering works for the installation of surface facilities to allow for the sale of test gas into the McArthur River Pipeline.

We remain on track to drill and stimulate C-5H this year, with initial flow test results due in Q1 2025.

Engineering work on the surface facilities continues with installation on track for Q2 2025, with pilot production sales anticipated to commence in mid-2025 (subject to regulatory approvals for sale of test gas which are well advanced)

To view the fill announcement, visit: Beetaloo Services Contracts Executed

Source: Empire Energy Group

NT Government: Strengthening the public sector to deliver for Territorians

Tue, 10 Sep 2024 01:10:06 GMT

Changes to Northern Territory public sector agencies will create a strong, effective government focused on our key priorities of reducing crime, rebuilding the economy and restoring our lifestyle.

In line with the official swearing-in of the new Cabinet today, Chief Minister Lia Finocchiaro said the machinery of government changes enable Ministers to deliver on the Northern Territory Government’s commitments to Territorians.

“We are determined to lead a government which is effective, coordinated and focused on the priorities of Territorians,” she said.

"A strong public service is vital in delivering the changes the Northern Territory and its people need. Public sector jobs are safe.

"Together, we will rebuild the Territory for all Territorians.”

Under the changes, the number of key agencies will increase from 12 to 18.

The Chief Minister said the new arrangements have been designed with clear objectives in mind.

“We are aligning our public sector structures with our Government’s top priorities, building a stronger, more specialised public service with technical expertise within smaller departments, empowering quicker and informed decisions that are made closer to the ground” the Chief Minister said.

“The new structures will also enable services to be more agile and responsive.

“Mr Ken Davies PSM, CEO of the Department of the Chief Minister and Cabinet is experienced and knowledgeable and will provide sure footing to implement the machinery of government changes and our reform agenda.

"I take this opportunity to thank Ms Karen Weston for her service to education in the Northern Territory, as well as Dr Marco Briceno for his service to Health, who will continue to bring his professional expertise to the frontline in health. I also thank Mr Craig Graham for his long service as Under Treasurer and I am pleased that he will take on a strategic advisory role to support the development of the Middle Arm Sustainability Development precinct as a major driver of the Territory’s economy.”

Full changes can be viewed through the Administrative Arrangement Order at https://legislation.nt.gov.au/en/Legislation/ADMINISTRATIVE-ARRANGEMENTS-ORDER

Agencies under the new structure with CEO (in Administrative Arrangements Order)

Department of the Chief Minister and Cabinet (CM&C) - Ken Davies PSM
including the Office of the Commissioner for Public Employment (OCPE) – Nicole Hurwood

Department of Treasury and Finance (DTF) - Under-Treasurer Tim McManus

Attorney-General’s Department (AGD)- Gemma Lake

Department of Corporate and Digital Development (DCDD) - Catherine Weber

NT Police (NTPOL) - Commissioner Michael Murphy APM

NT Fire and Emergency Service (NTFES) - Commissioner Andrew Warton

Department of Education and Training (DET) - Susan Bowden

Department of Health (DOH) - Chris Hosking

Department of Children and Families (DCF)- Emma White

Department of Corrections (DoC) - Commissioner Matthew Varley

Department of Trade, Business and Asian Relations (DTBAR) - Hayley Richards

Department of Mining and Energy (DME) - Alister Trier

Department of Logistics and Infrastructure (DLI) - Louise McCormick

Department of Lands, Planning and Environment (DLPE) - Joanne Townsend

Department of Agriculture and Fisheries (DAF) - Andrew Kirkman

Department of Housing, Local Government and Community Development (DHLGCD) - Luccio Cercarelli PSM

Department of Tourism and Hospitality (DTH) - Suzana Bishop

Department of People, Sport and Culture (DPSC) - Samantha Livesley

Source: Northern Territory Government Newsroom

NT Government: Chief Minister announces first Cabinet

Mon, 09 Sep 2024 06:04:41 GMT

Chief Minister Lia Finocchiaro has announced the new CLP Government’s full ministry.

“The CLP has been given a mandate to deliver change for all Territorians and our new Cabinet will ensure a better Northern Territory for everyone,” Mrs Finocchiaro said.

“Community safety is my government’s first priority, and we are on track to deliver our promised reforms on bail and increased police powers in the first week of Parliament.

“Rebuilding the economy and restoring the Territory’s reputation as a competitive destination to live, work, visit and invest is a key focus of our new Cabinet.

“Territorians voted for change for the better and our Cabinet will lead the Territory forward.”

Here is the full list of the Finocchiaro Government’s Cabinet:

Lia Finocchiaro

Chief Minister

Minister for Police

Minister for Fire and Emergency Services

Minister for Defence NT

Minister for Territory Coordinator

Gerard Maley

Deputy Chief Minister

Minister for Agriculture and Fisheries

Minister for Mining and Energy

Minister for Corrections

Minister for Renewables

Minister for Recreational Fishing

William (Bill) Yan

Treasurer

Minister for Logistics and Infrastructure

Minister for Housing Construction

Marie-Clare Boothby

Attorney-General

Minister for Tourism and Hospitality

Minister for Major Events

Minister for Parks and Wildlife

Minister for Racing

Steven (Steve) Edgington

Minister for Health

Minister for Mental Health

Minister for Alcohol Policy

Minister for Aboriginal Affairs

Minister for Housing, Local Government and Community Development

Minister for Essential Services

Joshua (Josh) Burgoyne

Minister for Lands, Planning and Environment

Minister for Corporate and Digital Development

Minister for Water Resources

Jo-Anne (Jo) Hersey

Minister for Education and Training

Minister for Early Education

Minister for Public Service

Robyn Cahill

Minister for Trade, Business and Asian Relations

Minister for International Education, Migration and Population

Minister for Workforce Development

Minister for Advanced Manufacturing

Minister for Children and Families

Minister Child Protection

Minister for Prevention of Domestic Violence

Jinson Charls

Minister for People, Sport and Culture

Minister for Disability

Minister for Arts

Minister for Youth, Seniors and Equality

Minister for Multicultural Affairs

Minister for Veterans

Source: Northern Territory Government Newsroom

Tamboran Resources: EP 98 Operational Update - Commencement of Shenandoah South Pilot Project drilling program

Thu, 29 Aug 2024 23:47:51 GMT

Highlights

Tamboran Resources Corporation has commenced its Shenandoah South (SS) Pilot Project drilling program with the spudding of the Shenandoah South 2 (SS-2H) well in EP 98. The SS-2H well is being drilled off a new pad located approximately 3 miles north of the Shenandoah South 1H (SS-1H) well and within the Tamboran-operated SS Pilot Project area (47.5% working interest).

Following the drilling of the SS-2H well, Tamboran will immediately drill the Shenandoah South 3H (SS-3H) well off the same pad ahead of the stimulation program.

The SS-2H and SS-3H wells will be drilled with the Helmerich & Payne (NYSE: HP) super-spec FlexRig® Flex 3 rig and will target the Middle Velkerri B Shale at a depth of approximately 9,910 feet (3,020 metres). Each well is expected to be drilled in 30 days.

Both the SS-2H and SS-3H wells are designed to include a 10,000-foot (3,000-metre) horizontal section and will each be stimulated with up to 60 stages utilizing the Liberty Energy (NYSE: LBRT) modern frac fleet which has recently been mobilized from the US to Australia. The increased efficiency and performance of the Liberty frac fleet is expected to result in a material increase in the number of completed stages per day and optimized gas flows.

Initial flow test results from each well are expected in Q1 2025. Once flow testing is complete, both wells will be suspended as future producers to supply Tamboran’s proposed 40 million cubic feet per day (MMcf/d) SS Pilot Project. Production from the SS Pilot Project is expected to commence in H1 2026, subject to final stakeholder and regulatory approvals.

The two well program will be the largest single campaign in the Beetaloo Basin to date.

To view the full ASX Announcement, click here.

Source: Tamboran Resources

Spudding of Shenandoah South 2H in Exploration Permit 98

Thu, 29 Aug 2024 22:43:59 GMT

Falcon Oil & Gas Ltd. is pleased to announce the commencement of the 2024 drilling programme with the spudding of the Shenandoah South 2H (“SS2H”) horizontal well in exploration permit 98 in the Beetaloo Sub-basin, Northern Territory, Australia with Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran (B2) Pty Limited (“Tamboran B2”).

Following the drilling of the SS2H well, Tamboran B2 will immediately move to the Shenandoah South 3H (“SS3H”) well off the same well pad location ahead of the stimulation program.

Both wells will be drilled with a H&P super-spec FlexRig® Flex 3 Rig and will include a horizontal section of approximately 3,000 metres and will target the Amungee Member B-shale at an estimated target depth of 3,020 metres. Each well is expected to be drilled in 30 days.

The wells will be stimulated with up to 60 stages utilising the Liberty Energy modern frac fleet currently being mobilised from the US to Australia. The increased efficiency and performance of the Liberty fleet is expected to result in a material increase in the completed stages per day and optimised gas flows.

Initial flow test results from each well are expected in Q1 2025. Once flow testing is complete, both wells will be suspended as future producers to supply the proposed 40 million cubic feet per day (MMcf/d) Shenandoah South Pilot Project, which is expected to commence production in H1 2026, subject to final stakeholder and regulatory approvals.

The two well program will be the largest single campaign in the Beetaloo Sub-basin to date. An additional four well program is planned for 2025 which will complete the drilling for the proposed Shenandoah South Pilot Project that will supply 40 MMcf/d to the Northern Territory government.

Falcon Australia will participate in both wells in the Shenandoah South Pilot Project at its elected participating interest of 5%.

Source: Falcon Oil and Gas

SunCable receives major Commonwealth Government environmental approval for flagship project

Wed, 21 Aug 2024 23:20:39 GMT

SunCable has announced that the Australia-Asia Power Link (AAPowerLink) has received environmental approval from the Commonwealth Government under the Environment Protection and Biodiversity Conservation (EPBC) Act.

This follows last month's approval of the project by the Northern Territory Government under the Environment Protection (EP) Act (2019).

These approvals enable SunCable to proceed with the next phases of development to deliver industrial-scale electricity to customers in Darwin and Singapore.

AAPowerLink is one of the largest energy infrastructure projects to receive EPBC Act approval, covering a project footprint approximately 2,000km long, stretching from the heart of the Northern Territory to the Australian and Indonesian maritime border.

Through its flagship AAPowerLink project, SunCable aims to supply power to both Darwin and Singapore by harnessing, storing, and transmitting renewable energy sourced from the Northern Territory of Australia.

AAPowerLink is set to attract large-scale investment and global talent to Australia, further solidifying the country’s standing as a global leader in renewable energy technology.

A Final Investment Decision (FID) on the project is anticipated in 2027, with electricity supply expected to begin in the early 2030s.

Source: SunCable

Central to drill two new Mereenie wells

Thu, 15 Aug 2024 00:23:07 GMT

Central and its Mereenie partners have agreed to drill two new production wells which are expected to return Mereenie gas production back to above 30 TJ/d (100% JV).

Project economics are compelling, benefitting from the new Gas Sale Agreement with the Northern Territory Government and low incremental production costs through the use of existing surface infrastructure.

Drilling is anticipated to commence around the end of this year, with new production coming on line in early 2025.

To read the full release, click here.

Source: Central Petroleum ASX Announcements

Santos apprentice honoured as training program wins national honour

Wed, 14 Aug 2024 23:43:08 GMT

A Santos-inspired recruitment and employment program has won a national award for delivering training and job opportunities for Aboriginal people.

The Santos, KAEFER Integrated Services program took home the best social value initiative at the Chartered Institute of Procurement and Supply awards in Sydney this month.

The award recognised projects that delivered significant social value and community benefits, with nine Aboriginal cadets starting jobs at Darwin LNG facility this year after completing a scaffolding traineeship and another nine beginning traineeships in June in areas including mechanical fitting, boilermaking, administration, accounting and bookkeeping.

Santos Darwin general manager Peter Kirkpatrick said the award acknowledged the pivotal role training and education programs could play in improving outcomes for Aboriginal Territorians.

“I am extremely proud of our Santos-KAEFER Employment Program,” Mr Kirkpatrick said. “It’s a genuine example of how Santos is taking real and practical action to help close the gap on Aboriginal disadvantage in the Northern Territory.

“The successful program is just one of several that Santos is rolling out in the Territory in coming months and years aimed at maximising employment and training opportunities for Aboriginal Territorians.

“Our major projects such as Barossa Gas and the Darwin LNG Life Extension will allow us continue to develop and fund initiatives that will support local Aboriginal communities for decades to come.”

KAEFER chief operating officer Trent Northover said the Santos partnership was about skills and jobs.

“We share an ongoing commitment to fostering the growth and development of Aboriginal Territorians and this program providing structure pathways that will lead to meaning, sustainable employment,” he said.

The training award came after Santos administration trainee Vanessa Williams was named apprentice of the year at the 2024 NAIDOC awards.

A Tiwi Island woman, Ms Williams first completed a supply chain operations traineeship at Santos’ Darwin Supply Base.

After a varied career that included retail, education and hair dressing, Ms Williams began a pathway through warehouse and logistics and is now completing a Cert III in business administration traineeship at Santos DLNG.

“I have enjoyed every minute of my traineeships and I’ve gained valuable insights into the industry, honed my skills, and cultivated a new-found confidence,” Ms Williams said.

“My daughters have witnessed this transformation, learning the importance of perseverance and happiness in one’s work.

“I’ve been fortunate enough to have the opportunity to travel back to the Tiwi Islands with Santos and speak directly with community about how training can impact their lives positively.

“Seeing my family and friends’ children gain employment and traineeships in the oil and gas industry has been immensely rewarding, reinforcing my belief that everyone deserves equal opportunities for growth and success.”

Source: NT News

Training on new workplace delegates' rights

Wed, 14 Aug 2024 23:42:18 GMT

AREEA is launching an important training package for members on workplace delegates’ rights.

To ensure all leaders get across these new laws and changes efficiently, the training is designed in two streams, for site-based leaders (supervisors and managers) and head office leaders.

Bolstered union rights are now enshrined in all modern awards and must be included in all new enterprise agreements.

This follows the Fair Work Commission’s final determination on a workplace delegates’ rights term, which took effect on July 1.

New privileges include the right for union delegates to represent all “eligible members” of an enterprise; the right for union delegates to communicate with eligible workers “during working hours”; employers providing five paid days for workplace delegates to undertake union training in their first year in the role; and ensuring workplace delegates have reasonable access to workplace facilities.

As your industrial relations specialist organisation, AREEA will ensure training participants:

Understand new rights, protections and obligations under the Closing Loopholes amendments to delegates’ rights;
Understand employers’ rights, protections and obligations;
Know the guidelines for workplace delegates’ expanded right of representation, reasonable communication, access to facilities and training; and
Understand practical considerations specific to Australia’s resources and energy industry workforces and workplaces.

The course will be delivered online. In person, on-site training across Australia can be arranged and customised to meet specific company needs.

Source: AREEA

$4.7m to help install solar on NT apartments

Wed, 07 Aug 2024 22:39:24 GMT

The Territory and federal governments have committed to a $4.7m agreement to boost solar uptake in the NT.

Announced in July, after a similar scheme last year, the Northern Territory government will implement two solar schemes funded through the Australian government’s Community Solar Banks program.

The first scheme supports apartment complexes to install shared rooftop solar systems – potentially slashing power bills by up to $500 a year for about 300 Territory households.

Applications will soon be open for the first round of the scheme, with grants of up to $7500 per dwelling or apartment offered to eligible Body Corporates to support up to half of the cost of installing a shared solar PV system.

Ben Hassall, director of No Hassall’s Electrical, said the schemes helped his business by promoting solar uptake across the NT.

“It’s one of the best ways to reduce your cost of living,” he said, estimating the average cost of a system between $15,000 to $20,000, including rebates.

He said demand for solar had remained steady despite solar tariff incentives being reduced two years ago.

Renewables and Energy Minister Kate Worden hoped the schemes would incentivise solar for those in high density blocks.

“I can be very difficult for individuals to get permission through body corporates, particularly in the larger complexes, to have single roof solar, we know that the uptake has been really low in those body corporate areas,” she said.

The second scheme is a new $2.35 million NT Community Solar Share initiative which will be launched later in the year and will see new solar systems installed on Territory government buildings with the revenue generated used to support vulnerable electricity consumers across the Territory.

The NT government will work with its government-owned energy corporations and private retailers to implement the program which will target around $300 of bill relief to approximately 700 vulnerable households across the Territory each year.

These schemes are on top of the Community Service Obligation.

Source: NT News

The Northern Territory Government and Vopak sign MoU to cooperate on common user CO2 infrastructure hub in Australia

Sun, 04 Aug 2024 22:32:58 GMT

On 31 July 2024, the Northern Territory Government and Vopak signed a memorandum of understanding (MoU), to develop a common-user infrastructure including a CO2 import terminal in the Middle Arm Sustainable Development Precinct - Northern Territory, Australia.

The MoU frames how the government and Vopak will cooperate to progress the development of common user CO2 import, storage and handling infrastructure in Darwin.

“The Lawler Labor Government is committed to developing the Middle Arm Sustainable Development Precinct, strategic industrial land to accommodate advanced manufacturing and green energy production. CCUS capability is a core component of the circular economy design of this Precinct. I am excited to be partnering with Vopak who have been contributing to the energy security and economic development of the Northern Territory with their operations in East Arm for almost 20 years. This project contributes to the NT’s goal of a $40 billion economy by 2030 and our transition to net zero by 2050. This agreement leverages Vopak’s global expertise in developing infrastructure solutions to accelerate the energy transition worldwide,” said Eva Lawler, Chief Minister of The Northern Territory.

“For nearly 20 years, Vopak has been contributing to the energy security and economic development in East Arm near Darwin city. This project not only signifies our ongoing commitment to growth but also contributes to playing a role in decarbonisation ambitions for both the Northern Territory and Australia. Together with the Northern Territory Government, we look forward to playing a key role in Australia's transition to net zero. This development of CO2 infrastructure is fully in line with Vopak's global strategy to develop infrastructure solutions to accelerate the energy transition,” said Paul Kanters, Managing Director, Vopak Terminals Australia.

Common user CO2 facility

The CO2 import, storage and handling infrastructure will be designed to manage the import, storage and distribution of carbon dioxide in an efficient and accessible way. The facility will be shared infrastructure that can be used by various companies to help manage CO2 emissions. The imported CO2 can come from different sources such as industrial plants that capture CO2 to prevent it from being released to the atmosphere. Also CO2 from neighbouring countries can be handled. Once the CO2 is imported, it needs to be stored safely in large tanks before it will be transferred to a permanent destination, for example in underground facilities CCS, or followed by recycling the CO2 for utilization (CCUS).

About Royal Vopak

Royal Vopak helps the world flow forward. At ports around the world, we provide storage and infrastructure solutions for vital products that enrich everyday life. These products include liquids and gases that provide energy for homes and businesses, chemicals for manufacturing products, and edible oils for cooking. For all of these, our worldwide network of terminals supports the global flow of supply and demand. For more than 400 years, Vopak has been at the forefront of fundamental transformations. With a focus on safety, reliability, and efficiency, we create new connections and opportunities that drive progress. Now more than ever, our talented people are applying this mindset to support the energy transition. Together with our partners and customers, we are accelerating the development of infrastructure solutions for hydrogen, ammonia, CO₂, long-duration energy storage, and low-carbon fuels & feedstocks – paving the way to a more sustainable future. Vopak is listed on the Euronext Amsterdam and is headquartered in Rotterdam, the Netherlands. For more information, please visit www.vopak.com

Source: Vopak Website

New members appointed to the NT Environment Protection Authority

Thu, 01 Aug 2024 22:29:46 GMT

The Northern Territory Environment Protection Authority (NT EPA) has welcomed two new members, Dr Gillian Sparkes AM from Victoria and Ms Tracey Wilson from Queensland.

Initially an industrial chemist in the steel industry, Dr Sparkes has spent decades working in the manufacturing, industrial services, and waste management industries.

She has held the statutory role of Commissioner for Environmental Sustainability in Victoria since 2014, and is an experienced non-executive director working across industry, government and the not-for-profit sector.

Based in Queensland, Tracey Wilson is an experienced board member and advisor to government, business, and non-government organisations, providing research and project management services across Australia and the Asia Pacific on sustainable regional economic development.

Ms Wilson previously resided in Nhulunbuy and has extensive experience working with Indigenous communities in the Northern Territory and North Queensland.

Chaired by Dr Paul Vogel AM, the current NT EPA Board members are Janice van Reyk, Joe Woodward, Samantha Nunan, Dr Rod Lukatelich, Jordy Bowman and NT Planning Commission Chair Dr David Ritchie as an ex officio member.

The NT EPA will also be farewelling Ms Janice van Reyk who is the longest serving member, having been on the NT EPA since its establishment in 2013.

The NT EPA Board is an independent authority established under the Northern Territory Environment Protection Authority Act 2012.

Quotes from Dr Paul Vogel AM:

“The experience and expertise of incoming board members Gillian Sparkes and Tracey Wilson will contribute to ensuring that the values and expectations of Territorians in regional and remote parts of the Territory are reflected in the deliberations and decisions of the NT EPA.

“As an independent authority, the work of the NT EPA is critical to ensure the Northern Territory has a robust and transparent environmental assessment and regulation framework and is able to provide sound, evidence-based advice to Government.

“I look forward to working with Dr Sparkes and Ms Wilson as the NT EPA continues to focus its efforts on improving environmental outcomes across the Northern Territory.

“And heartfelt thanks to Janice van Reyk who has made such an important and long-lasting contribution to ecologically sustainable development in the NT.”

Source: Northern Territory Environment Protection Authority

New Zealand Oil & Gas is Now Echelon Resources

Wed, 31 Jul 2024 01:10:09 GMT

New Zealand Oil & Gas Limited has officially changed its name to Echelon Resources Limited, trading as Echelon, effective 31 July 2024. Our new ASX ticker code is ECH.

New identity, same commitment
As we embrace our new name and visual identity as Echelon, we honour the legacy and achievements of New Zealand Oil & Gas. Echelon is a geological term describing the repeated nature of geological features like mountain ranges, fault lines, beds of rocks, rivers and lines of data, and an abstract reflection of our stakeholders’ priorities. It draws inspiration from the industry we operate in and its relevance to the changing mindsets of energy consumers.

Our role in the transition.
The name Echelon signifies our progress and pivotal role in the energy transition. It reflects our commitment to providing consistent and reliable energy solutions in a world facing significant energy challenges.

Echelon's commitment to you
We are committed to upholding the highest ethical and value standards and ensuring regular communication and engagement with you. Our new emails will also change to reflect the new domain, echelonresources.com and emails sent to our old nzog.com addresses will be automatically forwarded to the new domain.

We invite you to visit our new website and follow our updated platforms Echelon Website: www.echelonresources.com
Echelon LinkedIn: https://www.linkedin.com/company/327887
Echelon ASX announcements: https://www.echelonresources.com/news

Source: Echelon Website

Securing the Territory’s Energy Security – updated Gas Plan released

Mon, 29 Jul 2024 22:58:16 GMT

The Lawler Labor Government is continuing to take a common sense approach to securing the Territory’s energy future.

Today, the Lawler Labor Government has released the updated Northern Territory Gas Plan – A pathway to 2030 that looks at capitalising on what is expected to be one of the most transformational, five-year periods in NT history.

The Plan focuses on key areas – Economic Growth (work), Energy Security (keeping the lights on) and Environmental Sustainability (emissions reduction).

Reliable, affordable and cleaner energy is the key focus; and can be done as the Lawler Government keeps public assets in public control.

Since April 2024, the Lawler Government has signed energy security arrangements with three gas producing companies who are also providing working opportunities in the Territory.

This updated gas plan outlines the role of the NT Government, with five enablers and objectives. It also includes a clear action plan to achieve these objectives.

Partnerships - Forging the relationships required to streamline development
Local Workforce and Supply Chains – Building a workforce for the future
Planning and Infrastructure – coordinating and planning the delivery of hard and soft infrastructure required for significant industry development
Regulation – Maintaining a contemporary regulatory environment that balances effectiveness with efficiency
Investment – Facilitating public and private investment to build capacity and capability

Success of the new gas plan will be measured by the growth of a diverse industrial base that increases energy production, decreases emissions and generates sustained local economic growth.

Further planning for industry infrastructure is also underway, with $367 million committed to gas industry road upgrades for the Beetaloo Basin and the Carpentaria Highway.

To view the plan visit - https://territorygas.nt.gov.au

Source: Northern Territory Government Newsroom

Gas deals signed with Mereenie and Palm Valley

Mon, 29 Jul 2024 01:05:46 GMT

The Territory Government and Mereenie and Palm Valley joint ventures have signed a six year gas supply deal commencing from 2025.

The agreements will provide energy security to the Territory until the end of 2030.

The gas will be supplied by Central Petroleum, New Zealand Oil & Gas, Horizon Australia Energy and Cue Energy from the Mereenie and Palm Valley Fields, both located in the Northern Territory, providing up to 29 Terajoules of gas per day.

The Mereenie and Palm Valley Fields are the largest onshore gas production fields in the Territory and have been secure energy sources for over 40 years.

Within the Territory the Mereenie and Palm Valley joint ventures provide over 40 working opportunities for Territorians in Central Australia.

ASX announcements from JV partners: Central Petroleum New Zealand Oil & Gas, Horizon Australia Energy & Cue Energy.

Another Gas Deal powering the Territory forward

Fri, 26 Jul 2024 04:22:40 GMT

The Lawler Labor Government is continuing to support the industries that get the Territory working and securing our energy supply, by signing up to buy more gas from the Beetaloo Basin.

The gas sales agreement between the Territory Government and Empire Energy, will provide competitively priced gas for the Territory’s electricity generation for years to come.

Empire Energy, which is expecting first gas from its Carpentaria Pilot Project, in the Beetaloo Basin, will supply gas to the Northern Territory from mid next year until 2035, with an opportunity to extend to 2040.

Empire Energy is working towards Final Investment Decision for the project by the end of this year.

The Carpentaria Pilot Project is targeting 25 Terajoules of gas per day, initially scaling the production in line with long term targets. Empire Energy will continue to progress its environmental approvals for the project.

The Lawler Labor Government is focused on making sure the Territory has environmentally sustainable, stable and affordable power for Territorians and local businesses.

Developing the Beetaloo Basin and boosting our on-shore gas industry will create thousands of work opportunities for Territorians and boost the economy by $17 billion.

Source: Northern Territory Government Newsroom

$250 million to supercharge renewables and jobs in the Northern Territory

Wed, 24 Jul 2024 23:46:58 GMT

The Albanese Government is accelerating the delivery of reliable renewable energy in the Northern Territory after signing a landmark $250 million deal with the Lawler Government as part of the Rewiring the Nation Program.

Through the Clean Energy Finance Corporation (CEFC), the investment will create hundreds of new jobs and see the power grid upgraded and expanded across the Territory, supporting major transmission projects and bolstering grid strength.

The Rewiring the Nation investment will also accelerate the rollout of transmission projects across the Territory with the first wave of these to be completed before 2030.

We have also signed an agreement to deploy community-scale solar, rooftop solar and clean energy technologies. This will provide up to $500 in energy cost savings per year for consumers locked out of installing their own rooftop solar, like hardship customers, renters and apartment dwellers.

Working together the Commonwealth and Northern Territory Governments are securing crucial power bill price relief for Territorians, ensure the Territory’s growing share of renewable energy is more reliable and secure and reducing emissions.

Projects financed under this agreement will contribute to the energy mix across the Territory by increasing amounts of renewable generation such as solar and wind and reducing reliance on power generation from fossil fuels.

In addition to priority projects supporting the Darwin-Katherine Interconnected System (DKIS), there is potential for projects in Alice Springs and Tennant Creek to also receive support as part of the decarbonisation of the NT’s energy system.

The Commonwealth has now negotiated five agreements under the $20 billion Rewiring the Nation program, with previous deals in New South Wales, Tasmania, Victoria and Western Australia.

Australia’s electricity system is changing rapidly, but progress on critical transmission projects stalled under the former federal Government. The Albanese Labor Government is getting on with the job and working closely with states to deliver these vital projects on time and at lowest cost through Rewiring the Nation.

Source: Northern Territory Government Newsroom

Lawler Government signs Major Critical Minerals and Energy MoU

Sun, 21 Jul 2024 21:30:00 GMT

The Lawler Labor Government is driving economic development through our thriving critical minerals industry.

Two Memorandum of Understanding’s (MoU) have been signed with Japanese energy giant, Japan Organisation for Metals and Energy Security (JOCMEC).

The MoU’s signed with JOCMEC strengthen economic and strategic trade ties between the Lawler Labor Government and Japan, ties which underscored $7.7 billion worth of goods exported from the NT to Japan in 2022/23 alone.

The first MoU, signed by the Chief Minister and Mr. Hiroyuki MORI, Executive Vice President of JOGMEC, establishes a framework for cooperation in various energy sectors including natural gas, carbon capture and storage and hydrogen production.

The second MoU signed by Minister Mark Monaghan and Mr. Hiroshi KUBOTA, Executive Vice President of JOGMEC, focuses on greater collaboration with critical mineral supply chains.

This collaboration will be facilitated through the exploration, extraction, processing and supply of critical minerals such as nickel, cobalt, lithium, graphite and rare earth elements.

These signing’s highlight the strategic importance of the Northern Territory will play in the transition to renewables and critical minerals supply chains both domestically and internationally, with this sector currently worth $4.38 billion and employs over 5300 Territorians.

Source: Northern Territory Government Newsroom

Wood awarded concept study for Greater Sunrise Development

Sun, 21 Jul 2024 01:36:44 GMT

Wood, a global leader in consulting and engineering,has been selected as the lead specialist consultant for an independent study for the Sunrise Joint Venture’s (SJV) Greater Sunrise Development.

Wood will deliver a comprehensive concept study for the Greater Sunrise Development, considering engineering, technology, financing, commercial structures, fiscal, environmental, health & safety and socioeconomic drivers including local content. The study, on target for completion by no later than Q4 2024, will support the SJV to advance the development to the next stage.

Azad Hessamodini, President of Consulting at Wood, said: “This is an important concept study for the Greater Sunrise Development. We are delighted to support and deliver the work at pace to ensure the SJV has the impartial insights to advance this regionally significant project.”

SJV comprises TIMOR GAP (56.56%), Woodside Energy (33.44% and Operator) and Osaka Gas (10.00%). The development project is located between Timor-Leste and Australia’s Northern Territory and comprises the Sunrise and Troubadour gas and condensate fields.

Wood has completed over 100 LNG feasibility studies globally, providing technical consulting and advisory services at the earliest stages to support clients in making informed and independent decisions.

Source: Wood

Territory can attract twice as many skilled workers through 2024 Migration Program

Fri, 19 Jul 2024 06:00:00 GMT

The Lawler Labor Government is continuing to take a common sense approach to growing the Territory’s economy and ensuring Territory businesses have the skilled workers needed to expand.

Under the General Skilled Migration (GSM) program the Northern Territory’s allocation has doubled from the previous year – up to 1,600 overseas skilled workers.

Workers from a range of industries including health, science, finance, agriculture, construction, telecommunications, IT and hospitality can apply to MigrationNT for NT Government nominations under the GSM program, which offers permanent as well as provisional 5-year visas with a pathway to permanent residency in the NT.

Today’s news is additional to the Federal Government’s announcement in December 2023 that gave employer sponsored visa applications from regional areas the highest priority in processing with the entirety of the Northern Territory deemed regional for migration purposes.

Skilled migrants are projected to contribute approximately $1.4 billion to the Territory economy in the period from 2021 to 2027. Attracting and retaining workers in the Northern Territory is essential to growing the NT economy to $40 billion by 2030.

Territory employers and jobseekers can connect through the Territory Government’s online platform WorkerConnect - which already has a talent pool of over 10,000 job seekers wanting to work in the NT. For more information go to www.jobs.theterritory.com.au or to learn more about the GSM Program go to theterritory.com.au/migrate/migrate-to-work

Source: Northern Territory Government Newsroom

Strengthening the Territory’s workforce

Thu, 18 Jul 2024 00:30:00 GMT

The Lawler Labor Government is focussed on providing working and training opportunities for all Territorians.

Budget 2024 invests more than $109 million for vocational education and training, workforce growth and skilled workforce initiatives to support business and industry build the Territory’s workforce.

Currently, there are 3,772 Territorians in apprenticeship or traineeship; to make sure more training opportunities are available the Lawler Labor Government has partnered with the Industry Skills Advisory Council NT (ISACNT), and signed an agreement to provide more workforce and training advice.

Signed under the Workforce Advisory Grant, ISACNT will receive $3 million every year for five years to increase industry capability and capacity across the Northern Territory, and work with Government to create more training opportunities.

ISACNT workforce advisory services includes all Territory industries and sectors, including regional and remote areas, as well as priority and disadvantaged groups.

Most recently ISACNT partnered with Arafura Resources to identify the Territory’s current labour force capacity and the skills required to deliver critical minerals projects in the NT.

They are also working hand in hand with the Northern Territory Indigenous Business Network (NTIBN), the peak body representing NT Indigenous businesses to support the NTIBN’s advocacy for Aboriginal businesses and workforce.

The pivotal work being delivered by ISACNT under the WAG will help get more Territorians working and support industry and businesses as the Lawler Labor Government continues towards its target of a $40 billion economy by 2030.

Source: Northern Territory Newsroom

New gas drilling plan approved

Wed, 17 Jul 2024 23:30:46 GMT

Eni Australia BV (Eni) has received the green light for a drilling campaign, 300km southwest of Darwin.

Eni operates the Blacktip facilities, located in WA-33-L, which consists of a wellhead platform (WHP) in approximately 51m water depth, platform wells, flowlines and a subsea gas export pipeline which brings gas and produced water to the Yelcherr Gas Plant.

The Blacktip drilling environment plan (EP), first submitted to the National Offshore Petroleum Safety and Environmental Management Authority in July 2022, is a standalone drilling EP covering the development drilling and completion scope for a new Blacktip development well at the WHP.

The schedule for these drilling activities will subject to mobile offshore drilling unit availability, however, is anticipated to take place between 2024 and 2027.

Once drilled, the new well will be shut in, its hook-up, commissioning and production will be covered under the Blacktip operations EP.

The Blacktip drilling EP includes a geophysical survey at the WHP, the mobilisation, positioning, and demobilisation of a jack up mobile offshore drilling unit, drilling and completions of a new development well in the Blacktip field through an existing slot, intervention on current production wells, contingent workover operations on current production wells and ongoing operations of Blacktip facilities.

Source: Energy Today Magazine

Future NT: Darwin Port masterplan to map out future of key economy driver

Tue, 16 Jul 2024 23:06:46 GMT

Darwin Port’s crucial enabling role during Exercise Pitch Black reflects the facility’s rise from government ownership to privatisation over almost a decade.

Leased for 99-years in November 2015 by the Territory Government to Landbridge, port chief executive Peter Dummett said the evolution from public to private operation had brought significant benefit to the facility and the broader Territory economy.

The port is in the process of preparing its first masterplan in the post-privatisation phase, almost 15 years after the last one recommended, among other measures, development of a marine supply base at East Arm.

It’s expected to be finalised by the end of the year.

“A lot has evolved in the 14 years since the last masterplan,” Mr Dummett said.

“There has been significant stakeholder engagement and we have got a pretty good idea of what might be coming on through the port well into the future.

“There are a lot of moving parts as we’re a multi-industry, multi-commodity port and the masterplan will need to find that balance between all the operations conducted out here.”

The port employs about 90 workers, 10 per cent more than before the pandemic, with at least another five employees tipped to commence later this year.

Activity in 2024 passed pre-Covid levels and with a slew of potential projects expected to reach financial investment decision in coming years including the Beetaloo Basin and Arafura Rare Earths Nolan’s project, he is optimistic the facility has capacity to properly service its stakeholders.

He said the port was making a return and in FY24 achieved record cargo volumes in some areas with live cattle exports and containers up 20 per cent on the previous year, motor vehicle imports increasing from an average 6000 to 8000, an eight per cent increase in total cargo tonnage and total vessel visits up 10 per cent to 1751.

Mr Dummett was the port’s trade and property general manager for a decade before becoming chief executive two years ago, with a vision to consolidate and maximise the facility’s economic contribution to the Territory.

He acknowledged the port’s future rested on the major projects that come to Darwin, with Santos’ Barossa project already delivering benefits, as well as the emerging fracking industry at the Beetaloo Basin near Elliott.

This however needs to be balanced with the other industry sectors the port looks after.

A naturally deep water harbor with tides up to 8m means maintenance dredging is rarely required and the port can attract a wide variety of vessels required to trade out of the Territory, including the large LNG tankers and cruise ships which can berth comfortably.

“As far as the port goes there is a lot of existing capacity and there is also the ability to expand that capacity as demand grows, and that’s what the masterplanning is all about,” Mr Dummett said.

“In my experience when the resource sector is doing well, the Territory is doing well, and that’s a result of the flow down of opportunities to the wider business community.

“Over the years resources, tourism and defence were the top three contributors to the economy but with tourism a little slow its resources and defence that are currently leading the way.”

In the Defence frame, Darwin Port hosts regular visits by international military vessels and last week had an Italian aircraft carrier berthed at East Arm along with two British supply vessels.

“International defence vessels like coming to Darwin because it’s a stable environment and its close to the Central Business District, and we’re seeing more and more visits in that space,” he said.

While the East Arm facility is the port’s major commercial contributor, Fort Hill wharf near the Darwin CBD also plays a major role servicing the cruise industry, which is a growing aspect of port work, servicing 107 cruise ships last financial year and with more expected in the coming year.

“We’ve got a lot of room to grow with cruise,” Mr Dummett said.

“We’ve got a dedicated facility at Fort Hill Wharf and it would be nice to use it 365 days a year. In addition to touring and accommodation demands, there are opportunities for resupplying and refuelling the vessels, particularly those operating between here and Broome.”

Source: NT News

Supporting projects that get Territorians working

Mon, 15 Jul 2024 22:34:15 GMT

The Lawler Labor Government is continuing to back projects that get Territorians working with the environmental approval of the SunCable project.

The SunCable project proposes to construct a 12,000 ha large scale solar farm, delivering renewable energy to Darwin via a high voltage cable and to Singapore through a high voltage undersea cable. The project is expected to create 1750 jobs during construction.

The solar farm will be constructed at Powell Creek Station near Elliot with 800km long high voltage overhead power lines from the solar farm to Gunn Point.

The project is expected to create 350 ongoing jobs and have an operational life of 70 years.

A converter site will be constructed at Gunn Point where the solar power will be transported to, and then through the undersea cable to Singapore via Commonwealth and International waters.

The NT Environment Protection Authority considered potential significant impacts from the project through a rigorous environmental impact statement process and made recommendations to the Minister.

In accepting the NT EPA’s recommendations, the Minister has issued an environmental approval that includes conditions to ensure potential environmental impacts are managed to an acceptable level.

The proponent is also required to ensure impacts on the terrestrial and marine environments, including threatened species, are avoided and appropriately managed.

The NT EPA’s assessment report can be viewed on the environmental assessment public register: https://ntepa.nt.gov.au/your-business/public-registers/environmental-impact-assessments-register/completed-assessments

The environmental approval can be viewed on the Department of Environment, Parks and Water Security website: https://depws.nt.gov.au/environment-information/environmental-assessment-and-approvals/environmental-approvals

Source: Northern Territory Government Newsroom

Significant Gas Play Potential Emerging in the South Nicholson Basin

Sun, 14 Jul 2024 23:16:36 GMT

Top End Energy Limited (Top End or the Company) (ASX:TEE) advises of preliminary outcomes from the detailed geophysical and geological evaluation undertaken on its recently acquired Exploration Permit (EP) 144 (the Permit), which is located in the South Nicholson Basin area of the Northern Territory (NT) of Australia.

HIGHLIGHTS

Significant gas play fairway (up to ~3,500 km2) has been identified on EP 144 based on offset drilling and seismic interpretation.
NDI Carrara-1 deep stratigraphic well (3.5km East of EP144 boundary) intercepted multiple source rock intervals with total organic carbon (TOC) sampled up to 5.5%.
Permit located proximate to the Northern Gas Pipeline, providing access to Mt Isa and the East Coast gas market.
NDI Carrara-1 well also suggests localised presence of Hydrogen and Helium, with high Hydrogen concentration samples of up to 27% (air-corrected) acquired.
Top End holds a 100% interest in EP144, which is the only granted permit in the South Nicholson basin in the Northern Territory.
Low-cost near-term work program designed to prove presence of source rocks on EP 144 and acquire samples of Helium and Hydrogen.

Commenting on the growing potential of the EP 144 acreage in the South Nicholson Basin, Managing Director Oliver Oxenbridge said:

“Our initial work on the potential of EP 144 has delivered exciting outcomes. Our interpretation of the GA seismic lines indicates high probability of key source rock formations extending well into our acreage. When overlaid with the results from the Carrara-1 stratigraphic well, the potential for a highly prospective unconventional gas play fairway on EP 144 is readily evident. This is complemented further by Helium and Hydrogen potential also indicated across the basin. We now plan to refine our near-term work program for EP 144, which is expected to include further geophysical analysis, soil gas sampling, and targeted stratigraphic drilling.”

All results and figures can be found through the Top End Energy ASX Announcements page.

Completion of NT Granted Acreage Acquisition

Thu, 11 Jul 2024 23:13:46 GMT

Top End Energy Limited (Top End or the Company) (ASX:TEE) is pleased to announce completion of the transaction to acquire granted Northern Territory (NT) acreage from wholly owned subsidiaries of Hancock Prospecting Limited (Hancock), first announced on 27 February 2024 (the Transaction).

TRANSACTION AND COMPLETION

On 27 February 2024, the Company announced the execution of a binding term sheet to acquire NT Exploration Permits (EP) 144, 153 and 154 (the Permits) from Minerals Australia Pty Ltd and Jacaranda Minerals Limited, wholly owned subsidiaries of Hancock (together, the Vendors). On 14 May 2024, the Company announced that it had entered into a full form Sale and Purchase Agreement (SPA) with the Vendors.

On 31 May 2024, the Company and the Vendors received the consent of the Northern Land Council to the transfer of the titles pursuant to the terms of the existing Co-existence and Exploration Deeds with the Traditional Owners of the Permits.

On 2 July 2024, the Company announced that the parties had received approval for the acquisition of the granted NT acreage in the SPA from the delegate of the Minister of Mining under section 96 of the Petroleum Act 1984. Following satisfaction of all conditions, the parties have now completed the Transaction in accordance with the SPA.

Commenting on completion of the Transaction, Managing Director Oliver Oxenbridge said:

“We are delighted to have completed the transaction, having received key stakeholder approvals in relatively short order. Having reached this point, we now turn our attention to executing work programs and maturing the significant prospectivity that we see in the permits. The acquisition of this acreage, in addition to the recent Ministerial grant of EP 258, finally allows Top End to commence on ground activities in the NT and address multiple high impact opportunities for discovering natural gas, Hydrogen and Helium.

Pending completion, we have kept busy refining identified play fairways and preparing for near-term activities – we are excited to provide investors with more information in the coming weeks on the material potential we see in the permits and next steps for unlocking it.”

Source: Top End Energy ASX Announcements

New 10GW H2 projects coming to NT and SA

Wed, 10 Jul 2024 06:30:00 GMT

Australian green hydrogen firm Climate Impact Corporation (CIC) is to develop two 10GW green hydrogen projects in central Australia, using renewable hydrogen production modular technology developed in partnership with GE Vernova.

CIC chairman and co-founder David Green said its processes would unlock inland hydrogen production opportunities in solar-rich NT and SA.

CIC's David Green

"Renewable hydrogen production requires a significant amount of energy and water, which aren't often found together in places like Australia," he said.

He said the company is solving the challenge with solar power and atmospheric water generation technology.

"It's an approach that solves one of the biggest challenges Australia has faced in becoming a renewable hydrogen superpower, and we're excited to bring it to market first," he said.

CIC's 10GW projects would be by far the largest renewable hydrogen ventures developed in Australia to date. Having secured offtake buyers, the project is now considered commercially viable.

Traditional renewable hydrogen production requires large quantities of water and grid-provided electricity.

CIC's modular hydrogen production units operate off-grid and consist of solar panels, atmospheric water generators, electrolysers, and the necessary infrastructure to produce hydrogen in insolation.

The use of atmospheric water allows hydrogen to be produced anywhere there is abundant solar radiation, opening new locations in arid central Australia.

CIC's H2 production process video

No water, no problem

"The demand for dependable, sustainable, and affordable renewable fuels in the Asia-Pacific is growing, and Australia is perfectly placed to become a regional hydrogen superpower to meet that need," Green added.

"But that means we need to invest in technology that maximises Australia's advantages and come up with creative solutions to challenges like water scarcity without a huge financial burden being placed on governments and communities.

"Modular, off-grid hydrogen is based on proven technology and has enormous potential to meet Australia and the region's renewable fuel needs."

The first test modules are expected to begin production as soon as later this year.

Source: Energy News Bulletin

Wood wins Prelude EPCM contract to support Shell's FPSO asset

Tue, 09 Jul 2024 06:00:00 GMT

Wood Group, the global consulting and engineering firm, has secured a six-year contract to provide brownfield engineering, procurement, and construction management (EPCM) solutions for Shell's Prelude Floating Liquified Natural Gas (FLNG) facility in Western Australia.

Ken Gilmartin, CEO at Wood said "LNG is a key transition fuel as industry balances the need for global energy security with the importance of urgent reduction in carbon emissions.

"We're delighted to build on our 70-year global relationship with Shell to deliver integrated brownfield engineering solutions for Prelude, the world's largest floating offshore gas facility.

"The contract will draw on our global LNG expertise and underlines our position as a market leader for brownfield engineering across Australia," Gilmartin said.

Shares in the firm rallied on Tuesday when the announcement was made to the London Stock Exchange, opening at GBP195.50 per share, up slightly on the close the previous evening.

Adam Cheeseman, Wood's SVP Australia West, added: "Delivered by our teams in Perth and Darwin, this win is a testament to the strength of our client relationship, our track record of successful industrial relations and our unique capabilities in construction management.

"Securing this major contract means we are now the only company providing brownfield engineering support to every major O&G operator in Western Australia – something we are tremendously proud of," Cheesman said.

The contract starts this month.

Source: Energy News Bulletin

Investing in battery technology and renewable energy across the Northern Territory

Tue, 09 Jul 2024 04:21:53 GMT

The Lawler Labor Government is continuing to invest in battery storage to ensure more Territorians can get the benefits from renewable energy.

The Territory Government’s Power and Water Corporation has secured conditional support from the Australian Renewable Energy Agency for 16 community batteries, which will be located in various locations on the Darwin-Katherine electricity grid.

Once online, the batteries are expected to have a significant impact on local network constraints and will expand rooftop solar capacity, reduce emissions and keep power prices as affordable as possible.

The $6.1 million Wurrumiyanga Solar Farm project is also a step closer to having battery storage. Testing of the battery which was undertaken at Berrimah is now complete.

This project will provide an additional 1.1 megawatt solar array, together with a 1.75 MVA battery energy storage system.

The project is estimated to reduce diesel fuel consumption by 519,000 litres in the first year of operation by introducing additional renewable energy technology.

The battery has been prepared for transport to Wurrumiyanga, where work will begin to connect the battery to the solar farm in the coming months.

The testing for the battery included simulating the complete loss of the solar array to ensure the battery can cover the loss of the renewable supply.

Work on the Remote Power System Strategy, which will deliver an average of 70 per cent renewable energy to 72 remote communities provided with electricity through the Indigenous Essential Services program is continuing.

In Budget 2024, the Lawler Labor Government invested $3.1 million for preparatory works for the rollout of more solar and batteries in remote communities, including detailed technical analysis. The RPSS will reduce the reliance of diesel generators in regional and remote communities

Consultation has begun with Indigenous Essential Services community representative bodies including the Northern, Central, Tiwi and Anindilyakwa Land Councils along with 10 regional councils.

The feedback received during the consultation process will be incorporated into a detailed business case in the coming months.

Source: Northern Territory Newsroom

New Tennant to Darwin industrial corridor planned

Sat, 06 Jul 2024 02:57:07 GMT

Unlike her predecessors, who tip-toed around with gas, Territory Labor leader and chief minister Eva Lawler is embracing the product and the sector.

Famously, Michael Gunner announced a fracking moratorium pending the results of an inquiry into the process before Labor won the 2016 NT election, just months after the previous CLP Government had delivered its own report green-lighting fracking in the Beetaloo Basin.

Michael Gunner’s successor, Natasha Fyles, refused to publicly support Santos’ Barossa gas project and under her watch the word ‘petroleum’ was removed from a website promoting the Middle Arm sustainable development precinct.

Australian Energy Producers NT director David Slama and chief minister Eva Lawler.

Ms Lawler is far less squeamish, talking up the gas industry at every opportunity in the knowledge that without development of the Territory’s significant onshore and offshore gas resources, the social issues that divide our community will never change.

In the process, she put taxpayer’s money where her mouth is, signing-up the Territory to a 15-year gas sales agreement with Tamboran Resources to supply almost two-thirds of the Territory’s gas requirements from its Beetaloo Basin field.

Unlike her predecessors, Ms Lawler also condemned the judicial delays to Santos’ Barossa gas project and she censured the Environmental Defender’s Office, which had contributed to the delays.

The Territory Government believes Middle Arm is a nation-building project designed to maximise the Territory’s gas bounty, centred around the Beetaloo, about 500km south of Darwin.

Encouraging diverse investment in a sustainable industrial precinct using common user principles will decrease initial capital costs, de-risk private sector investment and provide clear pathways to secure regulatory approvals.

The government wants Middle Arm to become a globally competitive energy hub supporting up to 20,000 Territory jobs, focused on future industries including critical minerals battery processing, renewables, carbon capture and low-emission energy and fuels including LNG.

As well as underwriting Middle Arm with $1.5bn equity, the Commonwealth has contributed $440m to develop regional logistics hubs in Tennant Creek and Katherine with common user infrastructure to improve the Territory’s rail efficiency and capacity.

To further value-add the Territory’s resources bounty, the government is investigating developing an infrastructure corridor from Tennant Creek to Darwin that would support future development of emerging industries.

A prefeasibility study found that the corridor could potentially include infrastructure assets including a gas pipeline, a natural gas liquids pipeline, an oil pipeline, hydrogen pipeline, utility and services including water, electricity and other mains and communications including fibre optic.

Source: NT News

Rio Tinto secures clean energy for bauxite production

Thu, 04 Jul 2024 02:31:29 GMT

Rio Tinto is installing two new solar farms to secure sustainable energy for its bauxite mine on the Gove Peninsula in the Northern Territory.

Once the two 5.25-megawatt solar farms are operational, they will reduce the power station's diesel consumption by about 20%, or 4.5 million litres a year.

The mining giant also expects the project to reduce its annual carbon emissions by over 12,000 tonnes, which is equivalent to removing 2,800 cars from the road.

Rio Tinto Gove operations acting general manager Shannon Price said: "The Gove solar project is part of our shared vision with Traditional Owners to leave a positive legacy for the Gove Peninsula communities after bauxite mining ceases.

"We're working in partnership with the NT government and Traditional Owners to ensure a smooth transition of leased land and town assets and infrastructure as Rio Tinto prepares to stop mining at Gove later this decade."

The new solar farms will be built on Gumatj and Rirratjingu country, the largest Traditional Owners groups who are signatories to the RTA Gove Traditional Owners Agreement.

Aggreko, an energy solutions company, has been contracted to build and operate the solar farms for Rio Tinto for up to 10 years, with completion scheduled for early next year.

Rio Tinto's Gove site in the NT has been supplying the global aluminium industry with bauxite for more than 40 years.

Gove bauxite is shipped internationally and supplies the Queensland Alumina and Yarwun refineries in Gladstone, Queensland.

These refineries produce alumina as feedstock for Rio Tinto's Australian aluminium smelting operations and for sale on the international market.

Source: Energy News Bulletin

Government Approval for NT Acquisition Received

Tue, 02 Jul 2024 03:15:31 GMT

Government Approval for NT Acquisition Received Top End Energy Limited (Top End or the Company) (ASX:TEE) is pleased to provide an update on the acquisition of the granted Northern Territory (NT) acreage from wholly owned subsidiaries of Hancock Prospecting Limited (Hancock), first announced on 27 February 2024.

HIGHLIGHTS

• Approval for the acquisition of the granted NT acreage in the Sale and Purchase Agreement (SPA) has been received from the NT Government

• The approval represents satisfaction of the key remaining condition to completion of the transaction U

PDATE ON TRANSACTION AND PROGRESS TO COMPLETION

On 27 February 2024, the Company announced the execution of a binding term sheet to acquire NT Exploration Permits (EP) 144, 153 and 154 (the Permits) from Minerals Australia Pty Ltd and Jacaranda Minerals Limited, wholly owned subsidiaries of Hancock (together, the Vendors)(the Transaction). On 14 May 2024, the Company announced that it had entered into a full form SPA with the Vendors.

The Company has now also received approval for the acquisition of the granted NT acreage in the SPA from the delegate of the Minister of Mining under section 96 of the Petroleum Act 1984.

The parties will now move forward to completion of the Transaction once deeds of assignment and assumption for key existing agreements have been executed.

Source: Top End Energy

Release of the Territory Water Plan’s first annual progress report

Thu, 27 Jun 2024 03:19:10 GMT

On Thursday 20 June the Minister for Environment, Climate Change and Water Security, Hon Kate Worden MLA released the first annual progress report of the Territory Water Plan.

One year on from the release of the plan, the 2024 report details how the Northern Territory Government and partner organisations like Power and Water are tracking on implementing 16 priority actions, which aim to set the foundations for a water secure future for the Northern Territory (NT).

Over the last 12 months work has started on all priority actions and the majority of the commitments within these actions are on track to be delivered.

Some key achievements include:

NT Health has started drafting the Safe Drinking Water Bill.
A water reform taskforce has been set up and a program for water reform has been published identifying 4 phases for developing a new Water Act by 2026.
Power and Water is on track to start construction to return Manton Dam to service by 2026.
Over $84 million in funding has been committed by both NT Government and Australian Government on 8 new National Water Grid Fund projects to give NT communities better access to clean, safe and reliable water.
Power and Water and Clean TeQ Water won the Infrastructure Project Innovation Regional Award for the Laramba Water Treatment Plant at the 2024 Australian Water Awards.
The Territory Water Plan was nominated for the Organisational Excellence Award after winning this category at the NT Water Awards.
A cross-agency remote water team has been established to develop a community engagement program to share information about water supplies, water quality, water security and infrastructure investment in remote Aboriginal communities.
The Office of Water Security has continued to lead and coordinate water programs and priorities across the NT Government. This includes coordination with the Australian Government on national water reform.

Territory water plan annual progress report 2024 PDF (1.5 MB).

Source: Northern Territory Government: Department of Environment, Parks and Water Security.

Securing our power supply

Wed, 26 Jun 2024 03:38:48 GMT

The Territory Labor Government is continuing to invest in securing our electricity grid to make sure Territorians have reliable power supply.

Territory Generation is embarking on a project to integrate new infrastructure to support the Darwin to Katherine electricity system to take on more renewable energy.

The synchronous condenser projects will further assist in stabilising the grid as more renewable energy is generated and deliver Essential System Services currently provided by existing rotating generators.

Territory Generation has commenced detailed design and engineering works to convert one of its Channel Island Power Station Frame 6B gas turbine generators to operate as a synchronous condenser.

The synchronous condenser complements Territory Generation’s big battery, the 35 MVA DK BESS and the recently announced DK BESS 2 to increase stability of the power system.

This investment in the electricity grid is designed to enable further uptake of renewable energy.

The project has been developed in consultation with Northern Territory Government stakeholders to align with the Immediate Investment Plan.

Source: Northern Territory Newsroom

Major Territory Natural Gas Project hits new Milestone

Wed, 19 Jun 2024 02:14:23 GMT

The Lawler Labor Government is continuing to back industries that grow our economy, create working opportunities and secure our energy future.

Today, the Territory Government has awarded Major Project status to Tamboran Resources for their Beetaloo basin project, and Liquefied Natural Gas (LNG) export terminal at the Middle Arm Sustainable Development Precinct (MASDP).

Major Project Status provides Tamboran with significant benefits, including the Territory Governments acknowledgement of the Beetaloo Basin’s significance to the Territory’s economic prosperity and working and training opportunities.

Tamboran recently secured approval of its environmental management plan by the independent EPA for the drilling and flow testing of more wells in the Beetaloo. Tamboran has also completed its concept select process for a site it is seeking to develop at Middle Arm.

Territorians can have confidence that Tamboran’s integrated approach to development will support the growth of the on-shore gas industry in the Beetaloo Basin – which is expected to boost the Territory economy by over $17 billion and create thousands of working opportunities for many years to come – and support the development of the Middle Arm Sustainable Development Precinct.

Middle Arm will support up to 20,000 working opportunities for Territorians, with multiple proponents already slated for development.

The Lawler Government has signed a deal with Tamboran that will provide Territory gas for Territorians for nine years with an option to extend for another six-and-a-half years. This means the first gas from the Beetaloo Basin that is expected to be will be delivered to Territory power generators is expected in the first half of 2026

Tamborans Major Project status also provides assurances to investors of the importance that the Lawler Labor Government places on natural gas – creating more investment opportunities in the Territory.

Source: Northern Territory Newsroom

Key Middle Arm Proponent pens major Deal

Tue, 11 Jun 2024 22:45:52 GMT

The Lawler Labor Government is getting the Territory working through the Middle Arm Sustainable Development Precinct, a precinct set to transform the NT’s Energy market and economy.

The cornerstone project just took another step forwards, with one of its key proponents signing an agreement with a Fortune Global 500 company.

Tivan, whose headquarters are in Darwin, have formed a strategic alliance with Japanese giant Sumitomo Corporation to drive the development and financing on Tivan’s Speewah Project.

The Speewah project, located in East Kimberley region, is planned to produce vanadium oxides to supply the Middle Arm Development Precinct – creating a local supply chain for Vanadium Redox Flow Batteries (VRFB). VRFB are an optimal long duration energy storage solution, with a lifespan of over 20 years, suitable for large-scale integration with the Territory’s world class solar and gas resources.

This landmark agreement follows a big week in the Territory resources sector, including Top End Energy being granted a petroleum exploration permit in the McArthur Basin and Tamboran Resources expanding their development in the Beetloo Sub-Basin by 15 new wells.

Gas extracted from the Beetaloo Sub-Basin has the potential to support 13,000 jobs by 2040 and increase the Northern Territory’s economic activity by $17 billion.

At the same time, The Middle Arm Sustainable Development Precinct will boost our economy with 20,000 jobs for Territorians – providing work opportunities in Darwin and right up and down the Stuart Highway.

Confidence in NT Resources Sector reaches new Heights

Fri, 07 Jun 2024 03:07:37 GMT

The Lawler Labor Government is driving economic development in the Territory through the highly successful Resourcing the Territory (RTT) program.

A new round of grants under the RTT program has seen a record number of recipients share in a record $4 million to begin, progress and expand a range of early stage exploration and development works.

41 projects from 29 companies have received a share of $4 million from the Lawler Labor Government under the Geophysics and Drilling Collaboration grants. Seven of the record 29 companies are brand new to the Resourcing the Territory Program, signifying industry confidence in our growing resources sector.

Tivan Limited, a key proponent of the Middle Arm Precinct, has been awarded $129,000 across two projects. This funding will enable drilling and geophysical projects in the Aileron area of central Australia, where innovative exploration has already identified surface lead and silver mineralisation.

The Territory Government increased the annual funding for the Resourcing the Territory program to $9.5 million, encouraging new and expanded development in the Territory’s resources sector.

This comes as industry confidence in the NT’s resources sector reaches new heights, with Top End Energy becoming the newest company to advance exploration in the highly prospective McArthur Basin and Tamboran Resources being granted environmental approvals to construct up to four appraisal sites, drilling, and natural gas testing of up to 15 wells in the Beetaloo Sub-basin.

Mineral development is a huge driver of the Territory economy, the total value of the sector in the Northern Territory was $4.38 billion last year, with 5,300 working within the resources industry.

Source: Northern Territory Government Newsroom

Tamboran receives environmental approval

Thu, 06 Jun 2024 23:32:57 GMT

The Lawler Labor Government is backing industries that get the Territory working and grow our economy.

Tamboran Resources has received approval of its Environment Management Plan (EMP) to construct up to four exploration and appraisal sites, and undertake drilling and flow testing of up to 15 natural gas wells in the Beetaloo Sub-basin.

This EMP has undergone robust and stringent assessment by the Department of Environment, Parks and Water Security with the independent NT EPA determining the proposed activities did not meet the threshold for an environment impact assessment, in line with legislative and regulatory requirements.

Tamboran has also committed to an emissions management regime that is consistent with the NT Government’s net zero by 2050 target, in line with NT and Commonwealth Government requirements through its Greenhouse Gas Abatement Plan as part of its EMP.

Natural gas from the Beetaloo has the potential to provide work opportunities for thousands of Territorians, secure our energy supplies and deliver a huge boost to local businesses across the Territory.

Supporting the gas industry to grow and provide work opportunities to Territorians is another way we are getting the Territory working.

Gas extracted from the Beetaloo Sub-Basin has the potential to support 13,000 jobs by 2040 and increase the Northern Territory’s economic activity by $17 billion.

The Territory Labor Government is backing the expansion of the Territory gas industry by investing $2 million each year in the 2024 Budget to conduct a regional monitoring program in the Beetaloo Sub-Basin.

The monitoring program will ensure we have the strongest environmental safeguards and will build on the baseline data already collected through the Beetaloo SREBA.

Approved EMPs are available here https://depws.nt.gov.au/onshore-gas/environment-management-plan/approved-emps

Source: NT Government Newsroom

Top End Energy: New Player enters Territory’s highly prospective Energy Region

Thu, 06 Jun 2024 02:34:08 GMT

Top End Energy has been granted NT Exploration Permit 258 (EP 258), the first such permit in the Northern Territory since 2015. This milestone follows a multi-year application process, including native title holder agreements and NT Ministerial approvals.

The grant allows for an immediate start to the exploration program, which includes:

Airborne Gravity Gradiometry (AGG) Survey
Targeted 2D Seismic Acquisition and Data Processing
Geochemical Analysis of Gas Migration Pathways
Drill Prospect Determination and Ranking

The exploration aims to confirm the extension of the Velkerri Shale and the presence of the Bessie Sandstone formation. It will also evaluate natural hydrogen and helium potential. The AGG survey is expected to begin in Q3 2024, funded by current cash reserves.

This achievement sets the stage for the potential grant of additional NT permits (EP 257, EP 259, and EP 261) and reflects industry support from both federal and Territory governments for natural gas development.

Source: Top End Energy

Northern Territory Government Statement

Top End Energy: Key Stakeholder Consent to NT Acquisition Received

Fri, 31 May 2024 02:36:33 GMT

Top End Energy Limited (Top End or the Company) (ASX:TEE) is pleased to provide an update on the acquisition of the granted Northern Territory (NT) acreage from wholly owned subsidiaries of Hancock Prospecting Limited (Hancock), first announced on 27 February 2024.

HIGHLIGHTS

Consent has been received from the Northern Land Council (NLC) for the previously announced acquisition of granted NT acreage from Hancock

NLC consent satisfies a critical condition for completion, with approval from the NT regulator being the final outstanding requirement

Transaction remains on schedule for completion in June 2024

UPDATE ON TRANSACTION AND PROGRESS TO COMPLETION

On 27 February 2024, the Company announced the execution of a binding term sheet (the Term Sheet) to acquire NT Exploration Permits (EP) 144, 153 and 154 (the Permits) from Minerals Australia Pty Ltd and Jacaranda Minerals Limited, wholly owned subsidiaries of Hancock (together, the Vendors)(the Transaction). On 14 May 2024, the Company announced that it had entered into a full form Sales and Purchase Agreement (SPA) with the Vendors.

The Company and the Vendors have since received the consent of the NLC to the transfer of the titles pursuant to the terms of the existing Co-existence and Exploration Deeds with the Traditional Owners of the Permits. This consent represents satisfaction of a critical condition required for the Transaction.

Completion of the Transaction is now only pending approval from the NT regulator. The parties are engaging with the NT Government and expect to receive this approval in the coming weeks.

Source: Top End Energy

To read the full ASX Announcement, click here.

Sustainable Business Solutions (SuBS) Grant Program

Wed, 29 May 2024 23:14:24 GMT

The Territory Labor Government is supporting businesses reduce waste with grants of up to $20,000 on offer to invest in equipment or technology which improves recycling.

The Sustainable Business Solutions (SuBS) grant program has a funding pool of $500,000 available to incentivise businesses to adopt alternatives to waste disposal and help the Territory transition towards a circular economy.

The circular economy has the potential to play a key role in helping the Territory achieve a $40 billion economy by 2030.

Adopting new approaches to how businesses manage waste will create economic and environmental benefits for all Territorians.

Grants up to $20,000 are available on a co-contribution basis to purchase equipment or technology for businesses to reduce their waste and improve recycling outcomes.

Eligible equipment or technology includes those that avoid or prevent waste being generated on site or reuses waste on site and facilitates recycling. This may include cardboard perforators, commercial worm farms or food waste monitoring equipment.

Prior to applying, businesses must undertake a waste assessment using the Bin Trim App.

Bin Trim App will provide a customised Action Plan for the business which will include baseline waste data, low or no cost waste recycling opportunities and recommendations to purchase relevant equipment or technology.

The business should discuss the action plan with the Small Business Champions team to understand whether the recommended equipment or technology may be eligible for grant funding under the SuBS grant program.

Applications close on 30 June 2025 or, sooner if funding is fully allocated.

To download the fact sheet please proceed here.

To find out more information and to apply visit nt.gov.au/subs

Source: Northern Territory Government Newsroom

Santos: signs long-term LNG supply contract with Hakkaido Gas

Wed, 29 May 2024 04:07:42 GMT

Santos today announced the signing of a binding long-term LNG Supply and Purchase Agreement (SPA) with Hokkaido Gas Co., Ltd. to provide LNG from Santos’ portfolio of world-class LNG assets.

The long-term SPA will supply up to approximately 0.4 million tonnes per annum of LNG for 10 years, commencing in 2027, from Santos’ LNG portfolio on a delivered ex-ship basis.

Hokkaido Gas and Santos also intend to collaborate to explore carbon sequestration and e-methane opportunities to reduce carbon emissions across their respective portfolios.

Santos Managing Director and Chief Executive Officer Kevin Gallagher said the contract is consistent with Santos’ strategy of maintaining long-term LNG pricing and demonstrates the value of Santos’ high-quality LNG portfolio. This agreement further demonstrates the strong demand for high heating value LNG from projects such as Barossa and PNG LNG.

“This SPA is a significant step in developing Santos’ equity LNG portfolio and establishes a long-term relationship with Hokkaido Gas, a Japanese gas utility providing natural gas within the Hokkaido region of Japan.”

“Our agreement with Hokkaido Gas demonstrates Santos’ commitment to providing reliable, competitive energy supplies to support our valued customers in Asia. We also look forward to working together to explore CCS and e-methane opportunities to support Japan’s and Santos’ decarbonisation targets,” Mr Gallagher said.

Source: Santos

Infrastructure NT: Construction Ramps up on the Darwin Ship Lift Facility

Mon, 27 May 2024 01:28:38 GMT

Construction activity is ramping up on the Darwin Ship Lift Facility project with work progressing on and off site.

Head contractor Clough-BMD Joint Venture (CBJV) has now fully mobilised to the East Arm site and commenced construction activity site, including:

locating and identifying existing underground services
demolishing and removing existing concrete structures
constructing temporary access to the ship lift site for construction vehicles.

Construction activity completed off site includes:

installation of site office and crib facilities at the Common User Facility adjacent to the ship lift site on Berrimah Road
preparatory works for dredge spoil placement in the ponds at Darwin Port on Berrimah Road.

Further on site construction activity planned for this month includes importing quarry materials, commencing site establishment works for dredging and placement of imported material.

Approximately $17.8 million in supply and subcontracts to date have been awarded to local Territory businesses, including $16.9 million to Wilga Indigenous Corporation to supply quarried rock to construct the Darwin Ship Lift Facility.

Find out more on the construction progress here. While keeping informed on the project here.

Infrastructure NT: New Website

Fri, 24 May 2024 02:01:14 GMT

The Northern Territory Government’s vision is to become a $40 billion economy in 2030, by driving investment, creating 35,000 more jobs and growing the population.

Infrastructure NT is working with the Investment and Major Projects Commissioners to attract private sector investment and accelerate growth.

To increase engagement with our stakeholders and partners we have launched a new Infrastructure NT website as a central location for details and updates on the biggest enabling infrastructure projects in the Territory.

Projects we are leading delivery of include:

Middle Arm Sustainable Development Precinct
Regional Logistics Hubs
Adelaide River Off-stream Water Storage project, Manton Dam Return to Service and Strauss Water Treatment Plant as part of the Darwin Region Water Supply Program
Darwin Ship Lift Facility
Civic and State Square Precinct revitalisation.

Australia is on the cusp of an unprecedented wave of investment in public infrastructure projects and the Territory has the strategic location, and access to resources, to capitalise on this opportunity.

We are ensuring the Territory invests in the right infrastructure, in the right place, and at the right time, to attract more private investment to create and sustain jobs. This will support better quality of life for all Territorians.

We will support private sector investment through the development of enabling economic and social infrastructure.

The Territory is the land of opportunity and infrastructure plays a key role in unlocking those opportunities. Focussing on strategic infrastructure planning and investment will enable long term sustainable economic and population growth in the Territory.

To view the new website and register for updates please go to: infrastructure.nt.gov.au

You can also watch the introduction video for the new website.

For more information, contact Infrastructure NT on phone (08) 8936 5696 or email Infrastructure.NT@nt.gov.au

Sun Cable: To add 12GW of wind to the world's biggest renewable project

Fri, 24 May 2024 01:16:56 GMT

Dramatic new details have been released on the future of Sun Cable, the world’s biggest renewable energy and storage project, with 12 gigawatts (GW) of wind capacity to be added to the massive arrays of solar panels and giant batteries planned for the Northern Territory.

The new details were unveiled this week by Quinbrook Infrastructure Partners, the Australian-founded global investor that was brought in by Sun Cable’s principal backer, software billionaire Mike Cannon-Brookes, to look at the near term domestic opportunities for the project.

Quinbrook quickly identified that wind energy would be a useful addition to the project that was originally focused on 20 GW of solar and 42 GWh of battery storage.

After nearly a year of studies, Quinbrook now has a better idea of what that might look like – 12 GW of wind, with the solar component reduced from 20 GW to 12 GW, and the storage component also reduced to 32 GWh – thanks in part to the role that wind will play in providing power after the sun goes down.

The project, according to James Allan, a director of both Quinbrook and Sun Cable, will likely be rolled out in two stages – with the first sized at 12 GW of wind and solar and 16 GWh of battery storage.

Interestingly, the first stage will now target both a link to Singapore and the planned supply to a new massive green manufacturing hub at Middle Arm in Darwin, rather than just the domestic component that had been touted last year.

The second stage, of another 12 GW of wind and solar, and another 16 GWh of battery storage, will be focused on expanding the capacity of the link to Singapore.

“It’s a very large and ambitious project,” Allan told the Energy Storage conference in Sydney this week. “In some sense. it’s the largest behind the meter project in the world, because what we’re what we’re actually going to be doing is running our own cable into the (Middle Arm precinct).”

That means it will be separate to the existing Darwin grid, which is tiny in comparison with a maximum load of around 300 MW. “We’re going to be running six gigawatts into Darwin’s area, and about four gigawatts of that will go into the Middle Arm precinct to support new green industries,” Allan said.

“About two gigawatts of that power will be delivered into the international cable and follow through to Singapore to support Singapore decarbonising its grid.

“And so Quinbrook at the moment is focused on what’s called the downlink side of the project, which is the domestic generation fields, the 800 kms HVDC domestic link from those generation fields up to Darwin and the connections into Middle Arm and the export terminal.

Sun Cable project map released last September

“The second stage of the project called Singapore Link is then focused on the much longer subsea cable, the 4,300 Kkm cable that will run through Indonesian waters to the offtake facility in Singapore they need to connect into the Singaporean grid.

“And so it’s a massive project. I think what the reason that we were attracted to it and why we see this as a really interesting, exciting project to be involved in is the ability to not just send power to Singapore, but also to use it domestically to do exactly this thematic investing that I’ve been talking about in this presentation.

“We want to see some of these industries springing up in Darwin.”

Allan also flagged that Quinbrook itself – which is looking at an $8 billion polysilicon production project to help Australia grab a bigger share of the solar supply chain – would likely be a customer for its own planned projects “and hopefully do something useful with it and export it to Asian markets and elsewhere.”

Allan said Sun Cable would be able to support multiple projects of that nature and help Darwin achieve its goal of creating $40 billion green economy.

“Australia is blessed to have … all the ingredients that are needed to make this happen,” Allen said. “We have to renewables, we have the minerals, we have the ports, we just need to push and assume our place in these growing and new markets that are springing up.

“But time is of the essence. There are a number of other countries that have exactly the same idea and whilst these ports are scarce, they’re not completely unique.

“And so many other countries are trying to fold in under the wing of US policy support, to get special status to be able to contribute to push their ports push their renewable industries as hard as they possibly can. And we need to be in the mix right now.”

Source: Renew Economy: Clean Energy News and Analysis

Northern Territory Power System Performance Review

Tue, 21 May 2024 02:11:13 GMT

Since 2018, the Utilities Commission of the Northern Territory (Commission) has published an annual Northern Territory Power System Performance Review (NTPSPR), which focuses on overall power system, generation and network performance in the Darwin-Katherine, Alice Springs and Tennant Creek power systems. Where possible and relevant, the NTPSPR compares current performance with historical data to identify trends and industry benchmarks to provide context to the results.

The NTPSPR’s main purpose is to inform the responsible minister, government, electricity licensees and stakeholders on the performance of the Darwin-Katherine, Alice Springs and Tennant Creek power systems, and provide an assessment of generation and network performance in 2022-23, including by highlighting any areas of concern.

Regular reporting on the electricity supply industry helps increase understanding and transparency of issues, with a view to improving planning and investment decisions, understanding of value for money (price compared with level of service) and general performance by holding electricity licensees accountable for their decisions and performance, and the subsequent impacts on customers.

The 2022-23 NTPSPR is prepared by the Commission in accordance with section 45 of the Electricity Reform Act 2000 and is restricted to the Darwin-Katherine, Alice Springs and Tennant Creek power systems, with the Darwin-Katherine power system further segmented into the regions of Darwin and Katherine for some indicators. The 2022‑23 NTPSPR has been prepared with input from licensees through stakeholder consultation.

The 2022-23 NTPSPR continues to transition its ‘look and feel’ from that of earlier reviews, with the Commission revising the focus from a technical and broad-based review of overall power system, network and generation performance, to a review with a narrower scope and focus on standards of service and outcomes of licensee performance as experienced by customers. This change in focus realigned the NTPSPR with the Commission’s role as an economic regulator, noting the Commission is not a technical regulator. However, when and where necessary, the Commission will undertake a ‘deep dive’ on a particular issue or issues, including of a technical nature, either as part of this publication or another publication.

Find the results of this review here.

To find out more about the Utilities Commission of the Northern Territory.

Airborne survey the next step in AROWS project

Tue, 21 May 2024 02:09:06 GMT

The Adelaide River Off-Stream Water Storage (AROWS) project is continuing to take shape with an Airborne Electromagnetic (AEM) Survey taking place to help streamline infrastructure design investigations for AROWS.

AROWS is a sustainable approach to water security. Unlike traditional dams that block river flow, AROWS stores water away from the river in an off-stream storage by utilising a naturally occurring basin made up of a ridge formation north of Lake Bennett.

The AEM survey is a non-invasive form of survey that will be conducted by a helicopter carrying a sensor minimum of 30 metres above the ground to measure the natural variations in the electrical properties of the soil, rocks and water.

The information collected in the AEM survey will help streamline future ground investigations, increase certainty of geological and geotechnical models, reduce design and construction risks and provide a thorough understanding of the land within and surrounding the AROWS site.

AEM data will be collected by transmitting an electromagnetic signal over the AROWS site and surrounding areas from a sensor attached to a helicopter.

AROWS is part of the Darwin Region Water Supply Program, which also includes Manton Dam Return to Service; Stage 1 of the Program has attracted over $300 million in investment from the Australian Government.

AROWS will secure Greater Darwin’s drinking water supply over the long term, and will be a critical enabler for agricultural and industrial growth. Construction of AROWS (Stage 2 of the Darwin Regional Water Supply Program) will provide long term water supply for the proposed Lambells Lagoon Agribusiness Precinct and the Middle Arm Sustainable Development Precinct.

Quote attributable to Chief Minister Eva Lawler:

“It is vital we secure sustainable solutions that protect our environment and maintain our great Territory lifestyle.

“This new surveying will feed into the infrastructure design work which has just kicked off, creating even more working opportunities for Territorians.”

Quotes attributable to Minister for the Environment, Climate Change and Water Security Kate Worden:

“Water is a very important resource for the Territory as we work to build our economy to $40 billion by 2030.

“The AROWS project will secure our drinking water supply over the long term and help develop our agribusiness industries and drive industrial growth."

Source: Northern Territory Government Newsroom

Australia's oil and gas industry delivers record tax contribution

Tue, 21 May 2024 02:05:47 GMT

The Australian oil and gas industry is set to deliver a record $17.1 billion in taxation revenue to federal, state and territory governments for the 2023-24 financial year, according to a survey by Australian Energy Producers.

This represents a 5.3 per cent increase from the $16.3 billion paid in 2022-23.

The massive tax haul includes $12.8 billion in company income tax, $1.2 billion in Petroleum Resource Rent Tax (PRRT), $2.5 billion in state royalties and excise, and $656 million in other taxes.

Australian Energy Producers Chief Executive Samantha McCulloch said the $17 billion contribution is equivalent to funding 11 new public hospitals, and 250 schools, or covering healthcare costs for 1.76 million Australians.

“The latest survey results represent the highest revenue contribution to date, helping governments fund essential services and infrastructure like roads, schools and hospitals,” McCulloch stated.

In addition to the record tax payments, the survey showed the oil and gas industry will spend over $41 billion on Australian goods and services in 2023-24, supporting local jobs, businesses and communities across the country.

McCulloch reinforced the federal government’s Future Gas Strategy, which recognises the crucial role of gas in Australia’s energy security and economy.

“The strategy put beyond doubt that gas is essential to Australia’s energy transformation and investment in new gas supply is needed to ensure Australian households and businesses, and our trade partners, continue to have reliable and affordable energy,” she said.

The record tax and spending figures underscore the oil and gas industry’s critical importance to the Australian economy and its role in funding vital public services and infrastructure for all Australians.

Source: Petroleum Australia

Northern Territory gas could be the hit that eastern Australia needs

Fri, 17 May 2024 03:32:59 GMT

Northern Territory could offer the solution to eastern Australia’s gas woes
Basins such as the Beetaloo, Amadeus and Bonaparte are seeing significant activity
Bonaparte has proven gas fields both offshore and onshore

Much has been made about the expected gas supply crunch that Australia’s eastern states will face in the coming years and equally how new sources of supply are needed to address this.

The AEMO has forecast that the annual supply gap would increase in magnitude from 2028 as southern gas production declines.

This has led to calls for the relevant governments to open up new areas in existing basins, targeting untapped offshore basins, overturning laws preventing the use of fracture stimulation in certain states, and diverting gas meant for export towards domestic use.

Gas supporters are unlikely to find much support from the recently released budget with Treasurer Jim Chalmers saying there won’t be any new money for gas – outside of the already promised $566m over 10 years for GeoScience Australia to map Australia’s soil and seabed.

That said, the federal government’s new gas strategy provides hope that efforts will be made to streamline gas project approvals in order to ensure supply is maintained.

And the conversation about the gas supply shortage and its solutions isn’t just restricted to the eastern states.

The Northern Territory has also seen a fair amount of attention given its own supply woes and rich potential in areas such as the Beetaloo and Bonaparte basins.

Gas supply in the territory has been impacted by the downturn in supply from the offshore Blacktop field to the point that blackouts were experienced.

This same shortfall has led to the closure of the Northern Gas Pipeline (NGP) that transports gas out of the NT to the eastern states, impacting on manufacturing groups such as Incitec Pivot, which had to shut operations in Queensland due to the pipeline closure.

Untapped gas potential

While the NT is facing its own gas supply woes, it also has the potential to not only address its own issues but go a long way towards meeting the needs of the eastern states.

The territory is home to several very significant oil and gas basins, three of which have drawn significantly more attention.

The Beetaloo Basin (in blue). Pic: Department of Industry, Science, Energy and Resources

First up is the Beetaloo Sub-basin, which if its pundits are to be believed will solve all our gas supply woes if only the Federal and territory governments stepped up with regulatory approvals and some funding (pretty please) towards infrastructure or tax breaks for exploration.

At first glance, there’s plenty going for it.

The 28,000km2 sub-basin – part of the larger 180,000km2 McArthur Basin – about 500km southwest of Darwin has been estimated by the NT government to host some 500 trillion cubic feet of in-place gas resources just in the proven Velkerri B layer.

Existing infrastructure includes the Stuart, Barkly, Roper and Carpentaria Highways, the Adelaide-Darwin railway, regional airports and – perhaps most importantly – three existing gas pipelines with the Northern Gas Pipeline linking the Amadeus Gas Pipeline to the East Coast market.

While in-place resources are not considered to be an accurate measure of just how much gas (or oil) is actually present – as it is an estimate of how much gas might be present if the target reservoir was filled to the brim, it nonetheless provides a hint of its potential.

Even if just 10% of this amount is recoverable, 50Tcf of gas is equivalent to about 25 years’ worth of domestic gas demand.

That said while there is little doubt that the target shales in the Beetaloo are prospective for gas, shale formations typically have very low permeability meaning that you often need to drill horizontal sections that require fracture stimulation before you are able to get commercial gas flow rates. Read here for a little explanation into the process.

Despite this, companies operating in this region include major companies such as Santos (ASX:STO) though its focus seems to be elsewhere at the moment along with juniors such as Empire Energy (ASX:EEG) and Tamboran Resources (ASX:TBN) .

Tamboran has demonstrated the ability of the Velkerri B shale to produce gas with its Shenandoah South 1H well flowing 3.2 million cubic feet per day from a 501m stimulated length within the mid-Velkerri B.

The second basin of note is the mature Amadeus Basin that is the source of practically all of the NT’s onshore gas production, specifically from Central Petroleum (ASX:CTP) Mereenie, Palm Valley and Dingo fields.

During the March 2024 quarter, CTP’s sales volumes were down 13% to 1.03 petajoules of gas equivalent due to the closure of the NGP from mid-February though they have increased in April under a new supply agreement with the Power & Water Corporation.

Other companies operating in the Amadeus include Greenvale Energy (ASX:GRV), which holds a 75% interest in EP 145 from Mosman Oil and Gas.

EP 145 hosts an existing best estimate prospective resource of 440 billion cubic feet of natural gas, 26.4Bcf of helium and 26.4Bcf of hydrogen and is on trend with the producing Mereenie oil and gas field.

Preparations are underway for a seismic program that will be completed in August 2024 to guide targeting for drilling in 2025.

Bonaparte has proven potential

The remaining area that could address supply shortfalls in the NT and beyond is the Bonaparte Basin.

Already known as being one of the most successful basins for petroleum exploration and production both onshore and offshore Australia, the success rate at the Bonaparte Basin is extremely high, making it a significant source of liquids and gas to the domestic and export markets.

Notable examples of fields in this area include the shut-in Blacktip field and the Petrel, Tern and Frigate fields that have total undeveloped Contingent Resources of 2.7 trillion cubic feet of gas.

While most of the ~270,000km2 area is offshore, the Bonaparte also includes about 20,000km onshore Northern Territory.

While the onshore area was previously difficult to commercialise due to the lack of infrastructure, this has been addressed by the recent construction of a new highway through the area.

Advent’s RL1 licence. Pic: Advent Energy

This is music to the ears of BPH Energy (ASX:BPH), which holds a 36% interest in unlisted company Advent Energy, as said highway passes within 4.5km of Advent’s Weaber gas discoveries.

Advent holds 100% of RL1 in the onshore Bonaparte that has firm 2C (best estimate) contingent resources of 11.5 billion cubic feet for the Weaber gas field.

Weaber appraisal wells have already proven the ability to produce gas at potentially commercial flow rates.

It recently received a five-year extension to RL1, which BPH managing director David Breeze says places Advent in a position to commercialise the area.

This has the potential to feed the territory’s gas needs.

Nor is BPH the only junior looking to explore the riches of the Bonaparte Basin.

Vintage Energy (ASX:VEN) holds EP 126, which includes the cased and suspended Cullen-1 well that intersected oil and gas shows.

The 6716km2 permit has multiple play types that have the potential to host large volumes though half of the area has been declared a “Reserved Area” by the NT government.

Source: https://stockhead.com.au/

Deloitte: Future Made in Australia - Key incentives and funding

Wed, 15 May 2024 10:18:24 GMT

On 14 May 2024, the Australian federal government handed down the Federal Budget 2024-25 which delivered an investment of AUD 22.7 billion over the next decade to build a Future Made in Australia.

The Future Made in Australia plan seeks to maximize the economic and industrial benefits of the move to a net zero transition, and secure Australia’s place in a changing global economic and strategic landscape. The agenda is now taking steps to encourage significant private sector investment into priority industries that are viewed as necessary to ensure Australia’s future prosperity.

National Interest Framework

As part of the Future Made in Australia plan, the government will create a Future Made in Australia Act and establish a National Interest Framework to guide the identification of priority industries and prudent investments in the national interest.

Five industries are aligned with the National Interest Framework as follows:

Renewable hydrogen;
Critical minerals processing;
Green metals;
Low carbon liquid fuels; and
Clean energy manufacturing, including battery and solar panel supply chains.

New production tax incentives

The budget announced targeted production incentives to scale up priority industries. This will align tax incentives to investments in the national interest, target "green premiums" that are not yet reflected in market prices, and enable investment in economic resilience and security, including by shoring up and diversifying supply chains.

An AUD 6.7 billion Hydrogen Production Tax Incentive will provide an incentive of AUD 2 per kilogram of renewable hydrogen produced for up to 10 years per project, between 2027–28 and 2039–40 for projects that reach final investment decisions by 2030. This will operate alongside the expanded Hydrogen Headstart program, which supports the early movers investing in the industry’s development.
An AUD 7 billion Critical Minerals Production Tax Incentive will provide a production incentive valued at 10% of relevant processing and refining costs for Australia’s 31 critical minerals. This incentive will also be applicable for up to 10 years per project, for production between 2027–28 and 2039–40 by projects that reach final investment decisions by 2030.

Both of these incentives will be subject to industry consulatation before their implementation.

Key industry funding measures

The budget introduced significant industry funding measures to support the identified priority industries under the National Interest Framework which include:

AUD 1.7 billion Future Made in Australia Innovation Fund: Designed to drive innovation and commercialization of innovative technologies and facilities linked to priority sectors, including green metals, batteries, and low carbon fuels;
AUD 1.5 billion ARENA funding: Supporting the commercialization of technologies that are critical to net zero over the next decade;
AUD 1 billion Solar Sunshot Program: Intended to incentivize private investment in Australia's solar panel manufacturing capabilities;
AUD 1.3 billion Hydrogen Headstart: Supporting early industry movers through an additional round of the Hydrogen Headstart program;
AUD 523.2 million Battery Breakthrough Initiative: Aimed at promoting the development of battery manufacturing capabilities through targeted production incentives;
AUD 1.2 billion Critical Minerals investment: Providing strategic investment in priority projects through the Critical Minerals Facility (AUD 655 million), Northern Australian Infrastructure Facility (AUD 400 million), and supporting the funding of pre‑feasibility studies for common user precincts; and
AUD 165.7 million Defence Industry Development Grant program: Increasing the scale and competitiveness of the Australian defense industry.

Content provided by Deloitte Australia.

Liability limited by a scheme approved under Professional Standards Legislation.

Source: https://www.taxathand.com/article/34431/Australia/2024/Future-Made-in-Australia-key-incentives-and-funding-

NT Budget 2024: Resources and gas key to NT Labor’s record budget debt

Tue, 14 May 2024 09:46:57 GMT

Industry groups have largely welcomed the Labor government’s decision to invest in services including law and order, education and health in the 2024-25 budget.

The Territory’s resources sector said increased spending in the budget was on the back of past and projected revenues sourced front the Barossa and Beetaloo gas provinces.

Chief Minister and Treasurer Eva Lawler’s second budget contained record expenditure, created record debt and moved the economy close to the government’s self-imposed $15bn debt ceiling.

NT Minerals Council chief executive Cathryn Tilmouth said the budget reinforced the heavy reliance on the minerals industry to provide budget revenue.

She said with NT mines at Groote Eylandt and Gove expected to close around 2030, there is enormous needs to find alternative sources of own-sourced revenue.

“You’re looking at some mines closing by the end of the decade if the NT Government doesn’t secure investment in opening new mines before that, then the economy is vulnernable and exposed to those conditions,” she said.

“The Minerals Council welcomes the ongoing investment in exploration through

the $9.5m commitment to the NT Geological Services’ Resourcing the Territory program.”

Australian Energy Producers NT director David Slama said gas was crucial to the NT Government’s rollout to net-zero emissions by 2050.

“The Budget shows the Territory Government is focused on delivering practical solutions on the road to net zero and underscores the importance of gas in Australia’s energy transformation,” Mr Slama said.

“The Budget continues to help progress development of the extraordinary opportunity of the Beetaloo Basin and Middle Arm Sustainable Development Precinct, while reinforcing the economic importance of the Barossa project.”

“The oil and gas industry also supports the Resourcing the Territory exploration program, delivering investment in the NT and supporting new energy supply with all of its benefits.”

NT Chamber of Commerce chief executive Greg Ireland said Territorians will benefit from the spin-offs of investment in health, education and policing.

“If you look at this from a liveability retention perspective, this is setting the scene,” Mr Ireland said.

“We have to invest in those social issues and have to make our environment more conducive to business wanting to stay here and invest in the Territory.