Friday, November 22, 2024

Northern Territory News

Australia approves $13.5 billion project to export solar energy to Singapore

Australia announced on Wednesday that it has given the green light to a A$20 Billion ($13.5 Billion) solar project. The project will ship energy from the giant solar farm located in the north of the country to Singapore via a 4,300 km undersea cable. Tanya Plibersek…

Origin Energy to Defer Shale Drilling in Australia

Illustration only; Image by FerrizFrames - AdobeStock

Origin Energy will defer shale exploration drilling in Australia's Northern Territory until the second half of this year in a bid to protect workers from a coronavirus, the company said on Thursday.Origin, operator of a joint venture with Dublin-based Falcon Oil & Gas Ltd…

Santos Acquires ConocoPhillips’ Northern Australia Interests

Santos announced it has acquired ConocoPhillips’ northern Australia business with operating interests in Darwin LNG, Bayu-Undan, Barossa and Poseidon for US$1.39 billion plus a $75 million contingent payment subject to FID on Barossa.Matt Fox, ConocoPhillips executive vice president and chief operating officer…

Inpex Eyes Australia Expansion

Ichthys LNG onshore facilities (Photo: Inpex)

Inpex Corp, Japan's top oil and gas company, wants to expand in Australia at its Ichthys liquefied natural gas (LNG) plant and through potential acquisitions, as part of a plan to become a major regional gas company, its Australian boss said."In Australia our focus…

Flowserve Inks Deal for Prelude FLNG

Flowserve Corporation (FLS), a provider of flow control products and services for the global infrastructure markets, has entered into a five-year contract with Shell Australia to provide general maintenance services for Shell’s Prelude Floating Liquified Natural Gas (FLNG) facility…

Sun Cable Eyes World’s Biggest Solar Project

World's largest solar project proposed in Australia, connected to South East Asia via subsea cable.Singapore-based Sun Cable has proposed a 10 GW solar farm near Tenant Creek in Australia, with facilities to export electricity via a subsea High Voltage Direct Current…

Challenge Peak Ships 1st Plant Condensate from Ichthys LNG Project

The oil products tanker operated by Singapore-based NYK Bulkship (Asia) Challenge Peak  has shipped the first batch of plant condensate produced at the onshore gas liquefaction plant of the INPEX-operated Ichthys LNG Project.According to a press release from the…

Shell Australia Agrees to Sell Stake in Natural Gas Fields to Timor-Leste

Royal Dutch Shell's  Shell Australia said Wednesday it entered into a sales agreement with Timor-Leste to sell the government a 26.56% interest in the Greater Sunrise fields for $300 million.The Greater Sunrise fields, comprised of the Sunrise and Troubadour gas and condensate fields…

Inpex Officially Opens Ichthys LNG Site

A landmark celebration has officially opened the onshore LNG processing facilities of INPEX-operated Ichthys LNG – one of the largest and most complex resource developments in the world.Japanese, Australian and Northern Territory government representatives unveiled…

To Frack or Not to Frack? Australia's NatGas Dilemma

The decision by the government of Australia's Northern Territory government to allow the resumption of fracking for natural gas will do little to immediately solve the country's energy woes, but will likely sharpen political battle lines. The territory's government…

Australia Gas Export Restrictions Counterproductive

When governments adopt new policies the benchmark for success should be that the change works, is efficient and fair to all parties and does not create unintended consequences. The decision by the Australian government to restrict exports of natural gas if the domestic market is constrained meets none of these criteria…

ConocoPhillips looks to Aussie Transcontinental LNG Pipeline

ConocoPhillips will consider diverting natural gas from fields in northern Australia along a proposed transcontinental pipeline that would link directly to markets in the southeast, a senior executive told Reuters on Thursday. The U.S. oil major is also leaning…

Shale Gas Operations: Protecting Water is Central

Natural gas can be safely produced from the Northern Territory’s deep shale rocks without affecting precious water resources, according to a respected local environmental scientist. In a video produced by APPEA, Ray Hall, Managing Director at Darwin-based EcOz Environmental Services…

Fracking inquiry in Australia to start next week

Australia's Northern Territory government said a planned inquiry into the impact and possible risks of fracking will begin next week, and the practice will remain banned until it has been completed. The resource-rich Territory's newly elected centre-left Labor…

Australia's Natural Gas Ban Replicates Springsteen's Rust Belt

When government policies are driven by populist politics, it is almost certain to lead to poor outcomes and a low standard of debate, as shown by the current conundrum in Australia's natural gas sector. The natural gas-rich Northern Territory has become the latest…

AEMC Gas Market Report Highlights Need for Action

Increasing the supply and affordability of natural gas is critical to developing a genuinely national strategy to transition Australia to a cleaner energy future. APPEA chief executive Dr Malcolm Roberts said the Australian Energy Market Commission’s report on…

Australia's LNG Sector Must Tackle its Enemies

It should be a golden age for Australia's liquefied natural gas (LNG) producers as they sit on the cusp of becoming the world's largest supplier of the fuel that holds the largest growth potential among its fossil rivals. But instead of taking a moment to reflect on its achievements…

CloudCAM Cloud Tracking Enters Market

An advanced cloud tracking system that enables cheaper renewable energy by forecasting the power output of solar photovoltaic (PV) plants has entered the Australian market. Fulcrum3D has sold its first CloudCAM cloud tracking systems to utility-scale solar customers…

United Petroleum hires ex-Trafigura Trader

Australia's United Petroleum has hired a former Trafigura trader to start trading oil products at its new office in Singapore, trade sources said on Monday. Gaurav Kapoor, a former light distillates trader at Trafigura, has joined United Petroleum's Singapore office which has three other staff at the branch for logistics…

Dana Gas Announces New Senior Management

Chris Hearne (Photo: Dana Gas)

Dana Gas PJSC, a publicly listed natural gas company in the Middle East, has announced several key senior management appointments. Chris Hearne was appointed as the Chief Financial Officer of the company on January 4, 2016. Prior to joining Dana Gas, Hearne was with Serica Energy plc…