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  • 25 Sep 2019 3:07 PM | Sonia Harvey (Administrator)

    TIMOR Resources will drill Timor-Leste’s first onshore well in almost 50 years in January 2020.

    The company has commissioned Eastern Drilling to mobilise a rig to Timor-Leste, according to a company statement.  

    The country has not had an onshore drilling campaign since 1972, when the Portuguese still controlled the country.  

    In 2017, the privately-listed Timor Resources won the rights to explore and develop 2,000 square kilometres of onshore acreage on Timor Leste's south coast and holds two production sharing contracts via joint venture with state-owned Timor Gap.  

    The first well, Karau, at a depth 1,080 meters, will target the Viqueque formation, with the company expecting approximately 430 meters of gross reservoir interval, which is known to be oil bearing in the near surface from evidence of the oil seeps.  

    "This play type is proven in the Bula field on the Isle of Seram where 20 million barrels of oil have been recovered," Timor Resources general manager Jan Hulse said.  

    "The Timor Resources drilling campaign targets four different play types, maximizing the chance of commercial discovery.  

    The deepest well in the five well campaign is 2,740 meters and targets the Triassic Jurassic Formation, according Hulse. 

    Source: Energy News Bulletin

    Read more here

  • 24 Sep 2019 3:01 PM | Sonia Harvey (Administrator)

    AUSTRALIA’s chief scientist Dr Alan Finkel opened today’s International Conference on Hydrogen Safety in Adelaide, the first time the event has been held in the Southern Hemisphere.

    Finkel is overseeing the nation's hydrogen roadmap and speaks often on the huge potential it could offer Australia across the energy system, and as a new export.

    "The time to act is now, to seize the moment," he said.

    Finkel began with praise of Australia's Antarctic unit, which first developed hydrogen for use at the Mawson Station 2005, using wind power and electrolysers to split water into its component parts and cut back on diesel reliance in one of the most distant and least hospitable places in the world.

    "What a staggering feat of ingenuity - proving that even in the coldest, darkest, most-hostile continent on Earth, where special materials and construction techniques are often required, hydrogen energy can be safely and effectively harnessed for human benefit," he said.

    Finkel sees a plan where Australia has worked its way thought the benefits, risks and barriers to using hydrogen as transport fuel by 2030 before the country realises "the opportunities for clean hydrogen production and storage to contribute to the resilience of Australia's electricity systems," he said.

    He also wants to see it introduced into gas networks, something most of Australia's major pipeliners like ATCO and APA Group have been looking at in varied ways, and, following from the federal government's focus, wants to create an export industry to take advantage of the hydrogen roadmaps proposed by North Asia's major economies.

    Finkel's speech was a general one and based around his view of Australia's future hydrogen roadmap, and focused on collaboration, safety and transparency, the themes of the conference.

    He didn't delve into how the fuel could, or should be made, whether from renewable energy and electrolysers to split water, or from fossil fuels and carbon capture and storage technologies.

    But in a separate interview on the sidelines he spoke to the ABC's Radio National and the inevitable question of 16-year-old climate activist Greta Thunberg's speech to the United Nations came up, where she said should governments not act now her generation would never forgive them.

    Source: Energy News Bulletin

    Read more here

  • 24 Sep 2019 2:57 PM | Sonia Harvey (Administrator)

    ASX-listed GR Engineering has gone into voluntary suspension following news Northern Oil & Gas Australia has been placed in administration.

    On Friday morning a published notice on the Australian Securities and Investment Commission website stated that Robyn Duggan and Peter Gothard from KPMG had been appointed to Northern Oil & Gas and its associated subsidiary companies TOGA Services and Timor Sea Oil & Gas Australia.

    The appointment of administrators comes just months after regulator the National Offshore Petroleum Safety and Environmental Authority took the extraordinary measure of shutting down the companies' Northern Endeavour floating production storage and offloading vessel.

    GR's subsidiary, Upstream Production Solutions, is the contracted operator of the Northern Endeavour FPSO in the Timor Sea offshore Western Australia.

    Today, GR requested to be placed in a voluntary suspension to "manage its continuous disclose obligations" between UPS and NOGA.

    "The agreement represents a material contract for the company. The company awaits additional clarity," GR said.

    In particular the company said it required information on the administrators' intention and capacity to continue to manage the Northern Endeavour and whether or not the FPSO would be brought back online.

    GR also noted that Northern Oil had "accrued obligations" to UPS.

    "The company has initiated dialogue with the administrator and TOGA's senior secured lender," GR said.

    Source: Energy News Bulletin

    Read more here

  • 19 Sep 2019 2:59 PM | Sonia Harvey (Administrator)

    Programmed, together with INPEX Operations Australia Pty Ltd (INPEX), is proud to offer Northern Territorians the opportunity to undertake operations traineeships at the Ichthys LNG onshore processing facilities in Darwin.

    INPEX-operated Ichthys LNG incorporates some of the world’s largest and most advanced offshore and onshore processing facilities.This is an exciting opportunity to be an integral part of the LNG industry.

    Applications are now open online until Thursday 17 October 2019 

    Programmed and INPEX value a diverse workforce. Women and Larrakia people, as well as other Aboriginal and/or Torres Strait Islander peoples are strongly encouraged to apply.


  • 16 Sep 2019 11:16 AM | Sonia Harvey (Administrator)
    The Onshore Shale Gas Community and Business Reference Group (Reference Group) held its fifth meeting in Darwin on 28 August 2019.
    Established to provide a forum for government to seek advice and share information, the Reference Group received updates on:
    • baseline methane monitoring and groundwater characteristics of the Beetaloo Sub-basin
    • the public comment process for Environment Management Plans
    • the progress of the Framework for Strategic Regional Environmental and Baseline Assessments (SREBA)
    • key actions to support industry development, and position NT businesses to benefit from development of the onshore gas industry, which include:
      • a study into the infrastructure and logistics required to support development of the onshore industry
      • a study to map existing industry capabilities and what work is being delivered by local firms and joint ventures to support the development of the offshore industry
      • planning for an NT Oil and Gas Service and Supply Strategy and Action Plan to identify and build local capability, strengthen local procurement strategies, workforce capability and local participation.
    The Reference Group discussed the implementation priorities for 2019-20, and acknowledged that as at 28 August 2019, 54 of the 135 recommendations were fully implemented with a further 73 commenced.

    Communique 5 from this meeting has been published and is 
    available here

    The Petroleum Reserved Block Policy (no-go zones) is available here

    To read the Implementation Plan or access additional information, please visit hydraulicfracturing.nt.gov.au
    To read the Inquiry report and recommendations, please visit frackinginquiry.nt.gov.au

    Or you can contact the Hydraulic Fracturing Inquiry Implementation Taskforce at hydraulic.fracturing@nt.gov.au


  • 06 Sep 2019 11:17 AM | Sonia Harvey (Administrator)

    FEDERAL Minister for Resources and Northern Australia Matt Canavan told the South East Asia Australia Offshore and Onshore Conference yesterday, that the federal government will support the development of a manufacturing hub in Darwin and that the key to a flourishing industry lies in the Beetaloo Sub-basin.

    Speaking at the conference, the minister noted that the government had learned from mistakes from the past - namely the lack of a gas reservation policy in Queensland over the last decade which has seen gas produced for export and little left for the domestic market.

    Canavan told conference-goers that the government was keen to establish a national gas reservation scheme to ensure gas produced from the Beetaloo would support the manufacturing industry and domestic market.

    "We are determined not to repeat the mistakes that we made in Queensland, in the Northern Territory," he said.

    "Almost a decade ago now when the Queensland coal seam gas fields were being developed, no one was in charge of looking at what their development would mean for the domestic gas market.

    "We shouldn't make the same mistakes twice though. That is why the government has announced that we will consult on the design of a national gas reservation scheme.

    The suggestion of a gas reservation policy for the NT comes around 12 months after Santos chief Kevin Gallagher urged a rethink on reservation for the top end.

    "The Northern Territory and the Beetaloo Basin are obvious candidates to benefit from such a scheme," Canavan said.

    Canavan also used his speech to reaffirm the government's commitment to support the Northern Territory to develop its "world class" oil and gas resources, which he said would lead to the establishment of a massive industrial hub in the state.

    Earlier this week chemical manufacturer Coogee announced it would build a $500 million methanol plant in Darwin which would require 40 terajoules of gas per day.

    Source: Energy News Bulletin

    Read more here.

  • 04 Sep 2019 11:23 AM | Sonia Harvey (Administrator)

    West Australian chemical company Coogee has commenced a feasibility study into a methanol plant near Darwin.

    The 350,000 tonne per annum methanol plant would be located at Middle Arm industrial precinct. A final investment decision is expected in Quarter 1 early 2021, with construction commencing soon after.

    The Project will cost approximately $500 million and commence operating in 2024, and is estimated to create around 1000 jobs during construction and 350 direct and indirect jobs on an ongoing basis.

    Last year Chief Minister Michael Gunner unveiled the NT Government’s 5-Point NT Gas Strategy – aimed at driving Government’s vision for the Territory as a world class hub for gas production, manufacturing and services by 2030.

    Methanol is used as a fuel additive and in the manufacture of products such as textiles and pharmaceuticals.

    Coogee are currently working with the NT Government’s Gas Task Force as they undertake these studies and the Power and Water Corporation, and gas owners, on options to supply up to 40 TJ’s of gas  per day.

    Coogee owns Australia’s only methanol plant, which operated for 22 years before closing in March 2016 due to high east coast gas prices.

    Middle Arm is already home to the ConocoPhillips Darwin LNG Plant and the INPEX Ichthys Onshore LNG Processing Facility.

    Quotes from Chief Minister Michael Gunner:

    “The Territory Government’s focus is on creating jobs for Territorians - this project will support over 1000 jobs during construction, and a further 350 direct and indirect jobs during operations, meaning it will create the kind of long term jobs the Territory needs.

    "There is enormous opportunity in the Territory to build a manufacturing hub, which will create many hundreds of permanent local jobs. I have long said the Northern Territory can be a world class hub for gas production and manufacturing – it is a value-add industry right here in the NT.

    "I’ve met with Coogee and have been encouraging them to invest right here in the Top End.

    "They believe in the Territory’s economy and are keen to invest in Territory jobs."

    Quotes from Coogee Chief Executive Officer and Managing Director Dr Grant Lukey:

    “The proposed Methanol Plant will be strategically located in Darwin to take advantage of its abundant gas supply and its proximity to the south east Asia market. The proposed plant will use innovative, low-emission technology.”

     

    Media Contact: Cameron Angus 0404 021 192


  • 30 Aug 2019 2:28 PM | Sonia Harvey (Administrator)

    DUBLIN-based explorer and producer Falcon Oil & Gas said it is in a solid financial position for its upcoming drilling and fraccing program with Origin Energy in the Beetaloo Basin, onshore Northern Territory.

    Falcon released its interim six month financials overnight, noting it had US$14.6 million cash in the bank, double what it had at the end of 2018.

    The company posted a net loss of US$900,000 for the six months to June 30, compared to a net loss of $1.1 million for the same time last year.

    It also announced it would cease trading on Euronext Dublin on September 25.

    It will however remain on the AIM exchange in London and Canada's TXS venture exchange.

    Over the last six months Falcon which holds a 30% stake ion EP76, EP98 and EP117, alongside Origin Energy (70%) announced contingent resource estimates for the Middle Velkerri B Shale Pool with an estimated 2C gas resource estimate of 6.6 trillion cubic feet of gas.

    In January the joint venture signed a rig contract with Ensign Australia for Rig 963 for stage 2 of the Beetaloo drilling program with an option to extend the contract to 2020.

    Preparatory work is ongoing in the Beetaloo and Falcon notes that two horizontal appraisal wells will be drilled this calendar year.

    The environmental management plan for both drilling, fraccing and testing the wells was approved by the Northern Territory government last week.

    The first well to be drilled will be the Kyalla 117-N2 well, targeting the Kyalla shale liquids rich gas fairway.

    Source: Energy News Bulletin

    Read more here


  • 30 Aug 2019 2:13 PM | Sonia Harvey (Administrator)

    Airnorth has successfully retained the contract to provide chartered air services to Jadestone Energy between Darwin, Northern Territory and Truscott- Mangalalu Airport, Western Australia.

    The contract extension highlights Jadestone’s confidence in Airnorth and its capability to service large oil and gas contracts.

    Airnorth CEO Daniel Bowden was delighted to retain the extension, expressing that “The team at Airnorth are proud of the service we have delivered to PTTEP over the past 4 years, and that this has been recognised by Jadestone the new operators of the Montara Project. We look forward to supporting Jadestone and their staff with twice weekly flights on Tuesday and Thursday with our Embraer E120 fleet.”

    Airnorth will continue to operate two weekly air services to Truscott-Mungalalu Airport located 520kms westsouthwest of Darwin. The route will be serviced with Airnorth’s Embraer 120 fleet, a 30-seat aircraft proven to be successful due to its size and speed, allowing for faster and more direct air services from its home base in Darwin.

    For more information, please contact:

    Airnorth Media:

    Teyghan Stadelbauer

    M: +61 (0) 400 230 684 E:

    Teyghan.stadelbauer@airnorth.com.au

  • 28 Aug 2019 2:18 PM | Sonia Harvey (Administrator)

    JADESTONE Energy has posted record cash from operations, as revenue soared four-fold to US$171.7 million (A$254.2 million) in the first six months of the calendar year, compared to just $35 million in the first half of 2018.

    Profit after tax for the six-month period to June 30 was $30.9 million, a major achievement considering the company made a loss of $21.5 million in the first half of 2018. 

    The Singapore-headquartered mid-cap's strong results were driven by its acquisition of the Montara oilfield off Western Australia, which once online more than tripled the company's production over the last six months.  

    Overall production from Montara and the nearby Stag fields reached 13,315 barrels of oil per day in the second quarter, despite a shutdown due to cyclone Veronica in April.   

    With increased production, sales also lifted to a total of 2.3 million barrels over the six months, at an average realised price of $71.7/bbl.  

    "We are building a material business that is strongly cash flow generative, while providing growth through organic investment, both within our existing producing assets in Australia, as well as the new gas developments in Vietnam," CEO Paul Blakeley said.  

    "Our balance sheet is in excellent shape, with net debt effectively eliminated by mid-year, just nine months since we closed the Montara acquisition with a US$120 million RBL financing arrangement." 

    Jadestone was formally awarded operatorship for the Montara field in early this month, but had effectively operated the field since acquiring it from PTTEP last year.  

    It conducted a riserless light well intervention program in June to restore gas lift to the Skua-11 and Swift-2 wells as well as perforated additional sands in the Swallow-1 well.  

    The work delivered rapid payback and marked the company's first major investment in the field this year.  

    Jadestone planned to drill an additional infill well, H6, at Montara in the latter half of this calendar year; however, its guidance noted a tightening rig market would likely push the drilling of the well into next year. 

    Source: Energy News Bulletin

    Read more here

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