Industry News

Highlights

Tivan signs Letter of Intent with Larrakia Energy for the supply of up to 30 MW of renewable energy from 2026 at the Middle Arm Sustainable Development Precinct.

Tivan announces plans to develop a Vanadium Electrolyte Facility at MASDP to facilitate a renewable value chain for long duration energy storage across northern Australia.

Larrakia Development Corporation is an Aboriginal organisation representing the Larrakia people, the Traditional Owners of the lands and waters in and surrounding Darwin.

Larrakia Energy, majority owned by Larrakia Development Corporation, is planning the development of a 300 MW solar farm to provide renewable energy to MASDP in joint venture with Australian and international partners.

Tivan’s proposed VE Facility is based on planned production of high-purity vanadium at the Speewah Project in Western Australia, and is the largest planned facility outside of China.

Tivan’s mission is to contribute to the global energy transition via large-scale, full-cycle deployment of Vanadium Redox Flow Batteries.

Agreement between Larrakia and Tivan based on a shared vision of harnessing the power of renewables to lessen impacts on country and to create sustainable economic opportunities

To view full ASX announcement, click here.

Source: Tivan 

The Territory Labor Government’s vision for Middle Arm as a vibrant hub of cleaner energy, investments, and job creation is one step closer.

Tivan Limited and Larrakia Energy have entered an agreement to supply up to 30 MW of renewable energy from 2026 to support Tivan’s planned Vanadium Electrolyte Facility, the largest of its kind in Australia.

The partnership between Tivan Limited and Larrakia Energy is a major step towards the Northern Territory's goal of becoming a leader in low-emissions energy and critical minerals processing.

The Middle Arm Sustainable Development Precinct is poised to become a catalyst for clean energy innovation and economic growth, with these initiatives representing a major leap towards a more sustainable future.

Tivan's planned large-scale Vanadium Electrolyte Facility at Middle Arm aligns with the vision of creating a renewable value chain for long-duration energy storage in Northern Australia.

Larrakia Development Corporation, an Aboriginal organisation representing the Larrakia people, and Larrakia Energy, majority-owned by Larrakia Development Corporation, are pivotal partners in advancing sustainable development in the region.

Larrakia Energy's joint venture, along with Australian and international partners, for a 300 MW solar farm near Middle Arm demonstrates their dedication to providing renewable energy to the precinct.

Quotes attributable to Minister for Industry, Nicole Manison:

“The Northern Territory Government congratulates Tivan Limited and Larrakia Energy for their commitment to building a cleaner, more prosperous, and sustainable future at Middle Arm.

“We look forward to the positive impact of this collaboration, as it drives economic growth, job opportunities, and sustainable energy solutions.

“This puts Darwin on the map when it comes to the critical minerals and renewable technologies needed for the energy transition.”

Quotes attributable to Minister for Territory Development, Eva Lawler:

“We welcome this partnership between Tivan Limited and Larrakia Energy as it solidifies the renewable energy value chain in the Northern Territory.

“This creates jobs for Territorians, in an inclusive way, that will see benefits across the entire Territory.

“The Middle Arm Sustainable Development Precinct will be a global leader in the energy transition and is strategically important not just to Australia but our whole region.”

Source: NT Government newsroom

Santos respects the cultural heritage of the Tiwi people and while we understand and respect there are a range of views about the Barossa gas project, we will vigorously defend Federal Court proceedings commenced by the Environmental Defenders Office on behalf of Mr Simon Munkara.

The Environment Plan (EP) for the gas export pipeline installation was accepted by the regulator NOPSEMA in March 2020.  Santos has, at all times, complied with the applicable regulations and requirements stipulated by NOPSEMA, and the regulator has monitored that compliance.

Santos rejects the allegations in the application that there are significant environmental impacts or risks in relation to submerged Tiwi cultural heritage.

Provided the GEP pipelay is completed in 2023, and drilling activities commence before the end of the year, guidance to the market on Barossa cost and schedule remains unchanged.

In the event any injunction is granted, Santos will need to assess any impact on the schedule and cost of the Barossa Gas Project and will update the market accordingly.

Background

The Barossa GEP will run from the Barossa gas field 262 km offshore along a narrow underwater corridor. The pipe has a maximum diameter of 86 cm and will lay directly on top of the seafloor in water depths ranging from 33 to 254 metres. There will be no excavation of the seabed. At its closest point to land, the pipeline will be more than seven kilometres offshore from Bathurst Island in Commonwealth waters where the water depth will be around 70 metres.

In fully meeting its obligations, and as required by the General Direction issued by NOPSEMA on 13 January 2023, Santos engaged an independent expert to undertake and complete an assessment to identify any underwater cultural heritage places along the Barossa pipeline route to which people, in accordance with Indigenous tradition, may have spiritual and cultural connections that may be affected by the activities covered by the Barossa GEP EP. The independent expert was accepted as a suitably qualified independent expert by the regulator NOPSEMA, and was informed by Tiwi people and international experts in underwater cultural heritage, Wessex Archaeology, and in the geology and sedimentology of the Arafura Sea, Dr Posamentier.

The independent expert obtained information from about 170 Tiwi Island people with cultural connections to the sea country where the GEP is located and considered extensive, relevant archaeological and anthropological literature and studies.

The independent expert concluded there are no specific underwater cultural heritage places along the Barossa GEP route to which people in accordance with Indigenous tradition, may have spiritual and cultural connections that may be affected by the future activities covered by the EP.

There is no significant new environmental impact or risk that is not already provided for in the approved environment plan for pipeline installation. Santos has complied with the General Direction and the GEP EP is valid.

Santos will continue to engage with communities, land councils and First Nations people as we conduct our activities in accordance with the Environment Plans accepted by the regulator NOPSEMA.

To view full media release, click here.

Source: Santos

• Tivan signs Letter of Intent with Larrakia Energy for the supply of up to 30 MW of renewable energy from 2026 at the Middle Arm Sustainable Development Precinct.

• Tivan announces plans to develop a Vanadium Electrolyte Facility at MASDP to facilitate a renewable value chain for long duration energy storage across northern Australia. 

• Larrakia Development Corporation is an Aboriginal organisation representing the Larrakia people, the Traditional Owners of the lands and waters in and surrounding Darwin. 

• Larrakia Energy, majority owned by Larrakia Development Corporation, is planning the development of a 300 MW solar farm to provide renewable energy to MASDP in joint venture with Australian and international partners. 

• Tivan’s proposed VE Facility is based on planned production of high-purity vanadium at the Speewah Project in Western Australia, and is the largest planned facility outside of China. 

• Tivan’s mission is to contribute to the global energy transition via large-scale, full-cycle deployment of Vanadium Redox Flow Batteries. 

• Agreement between Larrakia and Tivan based on a shared vision of harnessing the power of renewables to lessen impacts on country and to create sustainable economic opportunities. 

The Board of Tivan Limited (ASX: TVN) (“Tivan” or the “Company”) is pleased to advise that it has signed a nonbinding letter of intent (“Letter of Intent”) with Larrakia Energy for the supply of renewable energy to support a Vanadium Electrolyte Facility (“VE Facility”) at the Middle Arm Sustainable Development Precinct (“MASDP”) in Darwin.

To view the full ASX announcement, click here

Source: Tivan Limited 

Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to provide an operational update on  the Shenandoah South 1H (“SS1H”) well in EP117 which is operated by Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran (B2) Pty Limited.

Details are as follows:

• A diagnostic fracture injection test (“DFIT”) of the Amungee Member B-shale on the SS1H well was conducted to analyse geo-mechanical and reservoir properties, with results verified by third-party subsurface experts, Subsurface Dynamics, Inc.

• Formation pressures at SS1H were monitored for over 20 days and analysed to provide a pore pressure prediction for the area.

• DFIT results have demonstrated an over pressured regime, with a pore pressure gradient of at least 0.54 pounds per square inch (psi) per foot, which is consistent with an over pressured regime observed in the core area of the Marcellus shale. In addition, this result provides confidence that the upcoming flow test of the SS-1H well can replicate or exceed commercial flow tests achieved at the Santos-operated Tanumbirini 2H and Tanumbirini 3H wells (0.51 – 0.56 psi per foot) in the EP 161 acreage.

• Condor Energy Services have commenced the mobilisation of stimulation equipment to the SS1H well pad ahead of the planned 10 stage stimulation program in November 2023. IP30 flow rate results are anticipated to be released in early Q1 2024, subject to the timing of stimulation fluid flow back.

• On successful flow testing of SS1H, the Beetaloo Joint Venture (“BJV”) expect to be in a position to sanction a proposed pilot development in the Shenandoah South region.

View full operations update here.

Source: Falcon Oil & Gas

• Carpentaria-3H (“C-3H) has been shut-in following completion of extended production testing. The 90-day initial production rate (IP90) achieved for C-3H was 3.1 TJ per day

• Carpentaria-2H and C-3H are now available to form part of the Carpentaria Pilot Project well inventory with the intention to tie into facility infrastructure for production

• APA will spend up to $5 million on Engineering and Design Concepts and may provide funding support for midstream gas infrastructure facilities associated with Empire’s Carpentaria Pilot Project to transport up to 25 TJ per day to market

• Carpentaria Pilot Project is progressing towards a final investment decision (“FID”)

• Cash at the end of the Quarter was $15.1 million and $29.3 million at the date of this report following receipt of a total Research and Development Tax Offset of $15.6 million after Quarter-end

To view the full ASX announcement, click here.

Source: Empire Energy Group

Today Chief Minister Natasha Fyles has announced a new Cabinet team as part of a renewed, refreshed and refocused Territory Government.

The Territory’s Cabinet team has the experience, energy and ideas to keep building the Territory’s future.

There are two new appointments to the Cabinet.

Member for Fannie Bay Brent Potter has been appointed Minister for Police, Minister for Fire and Emergency Services, and Minister for Veterans’ Affairs.

The second new appointment is Member for Johnston Joel Bowden. Mr Bowden will serve as Minister for Infrastructure, Planning and Logistics, Minister for Business and Jobs, Minister for Skills, Training and International Education, Minister for Tourism and Hospitality, and Minister for Recreational Fishing.

The full Ministry list is detailed below.

Quotes attributable to Chief Minister Natasha Fyles:

“My Cabinet team is renewed, refreshed and ready to work even harder for the Territory.

“I’ve chosen people and portfolios that I think best reflect the priorities of Territorians, which are my priorities.

“My priorities are growing the economy and creating more jobs, easing cost of living pressures, and making the Territory a safer place for all.

“My team will focus on those priorities every day. As we keep building the Territory’s future.”

MINISTRY LIST

Natasha Fyles

Chief Minister

Minister for Health

Minister for Alcohol Policy

Minister for Major Projects

Minister for Defence Industries

Minister for Major Events

Nicole Manison

Deputy Chief Minister

Minister for Industry and Trade

Minister for Renewables and Energy

Minister for Mining

Minister for Agribusiness and Fisheries

Minister for Essential Services

Eva Lawler

Treasurer

Minister for Education

Minister for Territory Development

Chansey Peach

Leader of Government Business

Attorney-General and Minister for Justice

Minister for Aboriginal Affairs and Treaty

Minister for Local Government

Minister for the Arts, Culture and Heritage

Selena Uibo

Minister for Remote Housing and Homelands

Minister for Parks and Rangers

Minister for Local Decision Making

Minister for Public Employment

Minister for Corporate and Digital Development

Kate Worden

Minister for the Environment, Climate Change and Water Security

Minister for Mental Health and Suicide Prevention

Minister for Prevention of Domestic, Family and Sexual Violence

Minister for Sport                                                                                     

Ngaree Ah Kit

Minister for Territory Families

Minister for Urban Housing

Minister for Youth, Seniors, and Equality

Minister for Multicultural Affairs

Minister for Disabilities

Brent Potter

Minister for Police

Minister for Fire and Emergency Services

Minister for Veterans’ Affairs

Joel Bowden

Minister of Infrastructure, Planning and Logistics

Minister for Business and Jobs

Minister for Skills, Training and International Education

Minister for Tourism and Hospitality

Minister for Recreational Fishing

Source: NT Government - Newsroom

EP 117 Operations Update: SS-1H DFIT results demonstrate over pressured regime, similar to the Tanumbirini wells

Highlights

• Results from the diagnostic fracture injection test (DFIT) of the Mid Velkerri B Shale in the Shenandoah South 1H (SS-1H) well have demonstrated an over pressured regime, with a pore pressure gradient of at least 0.54 pounds per square inch (psi) per foot, in line with results demonstrated at Tanumbirini (0.51 – 0.56 psi per foot).

• Results have been verified by third-party subsurface experts, Subsurface Dynamics, Inc.

• The results provide confidence that the upcoming flow test of the SS-1H well can replicate or exceed commercial flow tests achieved at the Tanumbirini 2H (T2H) and Tanumbirini 3H (T3H) wells in the Santos-operated EP 161 acreage.

• Condor have commenced the mobilisation of stimulation equipment to the SS-1H well pad ahead of the planned 10 stage stimulation program in November 2023. IP30 flow rate results are on track to be released in early Q1 2024, subject to the timing of stimulation fluid flow back.

• On the successful flow testing of SS-1H, Tamboran and the Beetaloo Joint Venture (BJV) expect to be in a position to sanction the proposed Pilot Development in the Shenandoah South region.

To view the full ASX announcement, click here.

Source: Tamboran Resources

Local exporters now have greater access to Austrade services and overseas networks following the appointment of Northern Territory based TradeStart advisor, Iain Forrest.

TradeStart is an extension of Austrade and brings the Northern Territory into a network of experienced advisors across Australia who provide practical export advice to enterprises to grow their international business.

Mr Forrest has previously worked for the NT Farmers Association and brings a wealth of business experience to the position.

Mr Forrest said he was extremely excited to commence in the role of TradeStart Advisor.

“I look forward to supporting Territory businesses to export to international markets. The NT produces world class products and services, I am proud to assist businesses to put our products on a global stage.”

“Enhancing the value of our NT export industry is key to helping the NT grow to a $40 billion economy by 2030. My focus will be to support a wide range of small to medium businesses to export and create jobs for locals.”

“As a born and raised Territorian, I am passionate about finding opportunities to export our unique Territory products and raising the profile of industry in the NT.”

Mr Forrest will assist Territory businesses develop their export capacity, increasing international trade which will help attract new investment and create local jobs.

TradeStart also provides an opportunity for the Territory Government to work more closely with other key agencies and stakeholders to better co-ordinate export assistance and maximise international success for Territory businesses.

You can get in touch with Iain on iain.forrest@nt.gov.au

Source: Business Bulletin 

Department of Industry, Tourism and Trade

Joint Media release with Prime Minister Anthony Albanese MP.

The Albanese Government has announced a $2 billion expansion in critical minerals financing, which will solidify Australia's position as a world leading provider, help the transition to net zero, boost the economy and support more jobs and opportunities for Australians.

Critical minerals, including rare earths, are the building-blocks for a clean energy future, and are essential to achieving Australia's energy transition. This significant commitment will double the capacity of the Critical Minerals Facility to finance Australian critical minerals mining and processing projects.

This expansion of the Critical Minerals Facility takes the Government's value-adding investments in Australian resources to $6 billion. Investing in critical minerals financing will bolster the sector in Australia, resulting in technology, skills, jobs and economic benefits for Australians.

Prime Minister Albanese and Resources Minister Madeleine King announced the $2 billion expansion, surrounded by Australian and US industry leaders, after the inaugural meeting of the Australia-United States Taskforce on Critical Minerals.

This Taskforce is an important component of building our Alliance with the United States for the future and delivers on commitments made by President Biden and Prime Minister Albanese at Hiroshima earlier this year.

A sustainable and reliable supply of critical minerals is vital to supporting the Australian and United States' manufacturing sectors. Australia is ideally positioned to provide responsibly-produced and processed critical minerals to fulfil this demand.

Working with international partners is essential for Australia to deliver on emissions reduction targets, decarbonise our economy and build our clean energy industries.

Cooperation with the United States on critical minerals is central to the Climate, Critical Minerals and Clean Energy Transformation Compact. The Compact affirms the position of climate and clean energy as the third pillar of Australia's alliance with the United States.

The expanded Critical Minerals Facility supports the Australian Government's Critical Minerals Strategy 2023-2030.

Quotes attributable to Prime Minister Anthony Albanese:

"My Government is committed to transforming Australia into a renewable energy superpower, and harnessing the critical minerals we have at home is crucial to achieving this.

"Australians will benefit through this investment in critical minerals, through technology, skills, jobs and economic gains.

"Australia is committed to building sustainable and secure critical minerals supply chains with the United States. This is central to building a clean energy future and delivering economic growth.

"The expansion of the Critical Minerals Facility will help to build supply chains with the United States and support our shared clean energy, manufacturing and defence ambitions."

Quotes attributable to Resources Minister Madeleine King:

"The Australia-United States Taskforce on Critical Minerals will be a key part of progressing our work under the Compact. This week we agreed on priority areas of work and immediate actions such as joint supply chain mapping and deeper cooperation between our science agencies on critical minerals.

"The road to net zero runs through Australia's resources sector.

"The Australian Government is providing significant support to de-risk investment in Australia's critical minerals sector. The Critical Minerals Facility is a cornerstone of that support, providing finance to strategically significant projects which can crowd in private investment.

"Coupled with our support for processing, we are well positioned to be a world leading provider of critical minerals, including rare earths elements, and to support global efforts on clean energy transformation."

Source:

The Hon Madeleine King MP

Minister for Resources and Minister for Northern Australia