Wednesday, April 24, 2019

Northern Territory News

Challenge Peak Ships 1st Plant Condensate from Ichthys LNG Project

The project’s first plant condensate shipment by NYK’s Challenge Peak. Photo: NYK Line

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

Image: Shell

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

Pic: Ichthys LNG Project’s floating production, storage and offloading facility

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

File Image (CREDIT: AdobeStock / © Shamtor)

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

File Image (CREDIT: AdobeStock / (c) Fotmart)

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

File Image: A typical natural gas pipeline arrangement (CREDIT AdobeStock / (c) pisotckii)

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

Water and plants Photo APPEA

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

Australias Bright Gas Future Image APPEA

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

Fulcrum3D has sold its first CloudCAM cloud tracking systems Photo Fulcrum3D

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…

Hydraulic Fracturing Poses Minimal Risk – US EPA

Hydraulic fracturing. Shale gas drilling rig near Alvarado, Texas Photo Wikipedia

APPEA welcomes the US Environmental Protection Agency’s finding that hydraulic fracturing poses minimal risk to groundwater resources. APPEA Chief Technical Officer Rick Wilkinson said the EPA report added to the vast body of credible science which showed that…

Extra Solar PV for Grid - NT Study

This project has developed innovative strategies for the distribution of mature, commercialised PV technologies within existing electricity networks, and in particular identified that up to 10MW of distributed solar PV coul

The Australian Renewable Energy Agency (ARENA) today released a study that shows how up to 10MW of extra solar photovoltaic (PV) could be installed in the Alice Springs grid without adversely affecting supply stability. ARENA CEO Ivor Frischknecht said this additional…

Statoil Wins Exploration License off Australia

(Image: Statoil)

Statoil  expands in Australia with the award of 100% equity share in a large exploration permit located in the prolific Northern Carnarvon Basin on the Northwest shelf of Australia. This is Statoil’s third asset in Australia, adding to the onshore operatorship…

Australian LNG - A Lost Cause?

Recent news headlines on the LNG sector in Australia seem to be centered around its unsustainable rising costs. Woodside Petroleum had to ditch plans last year for its Browse LNG plant, which had gone way over budget at an estimated cost of US$80bn. In the interest of continuing the development…

Australia Priced Out of LNG Sector? Analysts

FPSO: File photo

Recent news headlines on the LNG sector in Australia seem to be centered around its unsustainable rising costs. Woodside Petroleum had to ditch plans last year for its Browse LNG plant, which had gone way over budget at an estimated cost of US$80bn. In the interest of continuing the development…

Kurdish Crude Oil Tankships: End-Game Still in Doubt

After a legal show-down in Texas this week, the outlook for a handful of tankers holding some $300 million worth of Kurdish oil is not looking good. Seemingly unable to find enough buyers willing to take a risk on million-barrel cargoes of disputed crude, the Kurdish authorities are paying over $75…