News
CSG-LNG facing pricing, policy issues
WHILE liquefied natural gas projects drawing on conventional gas fields in Western Australia have been having a field day, their Queensland counterparts – which use coal seam gas as feedstock – have run into some hurdles with gas quality and government policies.
Arrow embarks on its largest Surat CSG project
ARROW Energy has started preparing an environmental impact statement for its proposed Surat Gas project, the company’s largest gas exploration, development and production project in the Surat Basin.
LNG Ltd raises Fisherman's Landing funds
LIQUEFIED Natural Gas Ltd has received strong support for its LNG project at Fisherman's Landing, Gladstone, after raising $29.4 million through an oversubscribed institutional placement.
CSG players on the rise
COAL seam gas has attracted much of the attention this week with two of the companies on PNN’s watchlist receiving strong support from punters on the back of their announcements.
Arrow Energy prepares for Surat Gas project
ARROW Energy says it has started preparing an environmental impact statement for its proposed Surat Gas project.
Gas the pipeline to lower emissions
AUSTRALIAN Pipeline Industry Association chief executive Cheryl Cartwright believes there is increasing awareness in Australia that natural gas is the logical transition fuel towards a lower carbon economy.
New rig launches WestSide’s CSG campaign
WESTSIDE Corporation has kicked off the second stage of its 2009 coal seam gas drilling campaign in the Bowen Basin with the spudding of the Tilbrook-9a well.
QLD challenges WA for Australia’s LNG crown
Queensland’s emerging LNG industry has the potential to rival that of Western Australia, according to Queensland’s Parliamentary Secretary for Natural Resources, Mines, Energy and Trade Michael Choi.
Comet to launch Galilee CSG campaign
COMET Ridge has secured another coal seam gas exploration permit in Queensland’s Galilee Basin which will be explored in an eight-well drilling campaign next month.
Bow pulling the right strings
BOW Energy has achieved its reserves target for the Don Juan coal seam gas project a year ahead of schedule after independent certifiers tripled its 2P certified reserves to 101 petajoules.
CSG-LNG consolidation makes sense
THERE has been more talk of consolidation coming to Queensland’s burgeoning coal seam gas-to-liquefied natural gas sector.
Santos: Gladstone LNG on track for 2010 investment
Australian oil and gas firm Santos Ltd (STO.AX) is on track to reach a final investment decision in 2010 on the key Gladstone gas export project in Australia and still sees the project producing its first gas in 2014.
Beach, Sundance eye unconventional plays
BEACH Petroleum has formed an alliance with Sundance Energy to jointly pursue unconventional oil and gas exploration projects in Australasia and other parts of the world.
Exoma completes Galilee Basin CSG buy
EXOMA Energy has become the largest permit holder in Queensland’s Galilee Basin after completing the acquisition of five coal seam gas permits covering 26,840 square kilometres.
WorleyParsons to manage Surat Gas FEED study
ARROW Energy has appointed WorleyParsons as the program manager for the front-end engineering and design study for its Surat Gas project.
CSG lags cut into WDS’s outlook
START-UP delays in Queensland’s coal seam gas sector have forced contractor WDS to cut its net profit guidance for the 2010 financial year.
Origin ramping up CSG production
ORIGIN Energy has posted a 1% quarterly increase in production to 25.4 petajoules equivalent for the September quarter as coal seam gas development continues to pick up pace.
Galilee, AGL gets cracking on ATP 529P
GALILEE Energy says AGL has spudded the first of seven core holes that will be drilled in ATP 529P in the Galilee Basin, Queensland.
BG picks up pace for QCLNG
BG Group has continued to make inroads in the development of its Queensland Curtis liquefied natural gas project with more than 150 wells drilled this year.
Origin sees output fall on CBM sale
Australia’s Origin Energy posted a 25% year-on-year fall in September quarter output to 25.4 petajoule equivalent after selling half of its coalbed methane assets to US ConocoPhillips.
Bow upgrades CSG reserves
BOW Energy has announced substantial certified reserves upgrades at its Don Juan and Blackwater coal seam gas projects during the September quarter.
Bow sells non-core Surat Basin asset
BOW Energy has announced it will sell its interest in ATP 574P in Queensland’s Surat Basin to Victoria Petroleum for multiple considerations, including $8 million in cash and interests in Vicpet’s Surat Basin tenements.
ESG to kick off new CSG program in NSW
EASTERN Star Gas is gearing up for a two-well coal seam gas drilling program in PEL 6, northern New South Wales, as part of its farm-in to three Orion Petroleum licences.
APPEA urges support for ETS
Australia’s natural gas industry, representing the coalbed methane (CBM) gas sector, exporters of liquefied natural gas and the producers of natural gas for the Australian market, have urged the coalition to grasp with both hands, the opportunity to work with the government on amendments to improve the emissions trading scheme.
Arrow's Tipton West CSG field - a field operator and wellsite geologist confer
Under the deal, Shell will pay Arrow $99 million for a further 12% stake in the Tipton West joint venture, raising its interest to 30%.
Beach sells Arrow shares
Australia’s Beach Petroleum has sold all shares it has received from Arrow Energy in exchange for a stake in Tipton West coalbed methane (CBM)project.
Beach to probe Wakefield hydrocarbon, CSG potential
WIRELINE logs run on Beach Petroleum’s Wakefield-1 exploration well in the Cooper-Eromanga Basin have indicated good hydrocarbons and possible coal seam gas potential.
BG turns to assets in Oz
BRITISH giant BG Group is turning its focus onto developing the extensive coal seam gas assets in Australia it acquired with the purchase of Queensland Gas Company.
Blue drilling ahead in Surat
BLUE Energy’s quest for reserves certification in the Surat Basin is progressing with the company drilling the last well in its three-well program to evaluate the Walloon Coal Measures in ATP 854P.
Bow adds more wells to Bowen CSG program
BOW Energy is pushing ahead with its reserve certification program in the Bowen Basin and has begun a 16-well coal seam gas drilling campaign in the Blackwater and Norwich Park blocks.
Bow pushes ahead with Bowen CSG plans
BOW Energy is pushing ahead with its reserves certification program at the Blackwater prospect in the Bowen Basin and has drawn up plans for more exploration at the Norwich Park block.
Bow ramps up Bowen CSG campaign
BOW Energy is planning to drill up to three pilot wells in the Comet Block, Bowen Basin, late next month following positive results from its current coal seam gas drilling program.
Bow set to spin Bowen bit
Bow Energy is set to start a 16 well drilling campaign in its coalbed methane (CBM) tenements in Australia’s Bowen basin after securing the services of three rigs.
Bow sets Blackwater plans in place
BOW Energy has firmed up plans to certify proved and probable reserves at its Blackwater coal seam gas field in the Bowen Basin by drilling up to 12 wells.
Bow’s Bowen CSG program continues to deliver
BOW Energy says the first two wells on the Comet coal seam gas prospect in the BowenBasin have intersected the thickest coal seams to date.
Comet Ridge firming up CSG plans
COMET Ridge expects to award the contract for its planned eight-well coal seam gas drilling program in ATP 743P and 744P of the Galilee Basin, Queensland, during the first half of August.
Dispute could delay Comet’s Kiwi CSG campaign
COURT action between Australia-listed junior Comet Ridge and New Zealand private company McDonald Investments threatens to delay the appraisal and possible development of New Zealand’s first commercial coal seam gas scheme.
Duo tuck in with Gladstone FEED
Fluor and Foster Wheeler have been awarded dual front-end engineering and design contracts for the upstream part of the Gladstone liquefied natural gas project in Queensland, Australia.
ESG continues NSW drilling
EASTERN Star Gas continues to make progress with its coal seam gas drilling programs in New South Wales and has also drilled a follow up to the Coonarah-2 well.
ESG continues NSW drilling
EASTERN Star Gas continues to make progress with its coal seam gas drilling programs in New South Wales and has also drilled a follow up to the Coonarah-2 well.
ESG on a roll in NSW
GOOD news continues to flow from Eastern Star’s coal seam gas drilling operations in New South Wales, with the Yallambee-1 corehole intersecting 35.2m of coal within the Bohena seam, the largest intersection of the seam in PEL 238 to date.
ESG to kick off new CSG program in NSW
EASTERN Star Gas is gearing up for a two-well coal seam gas drilling program in PEL 6, northern New South Wales, as part of its farm-in to three Orion Petroleum licences.
Exoma to seal Galilee CSG deal within a month
EXOMA Energy expects to complete its acquisition of the Galilee coal seam gas project this month after the project’s five permits were granted by the Queensland mines and energy minister.
Galilee, AGL step on the gas
GALILEE Energy is looking forward to a busy October as it prepares to shoot seismic and drill two core holes to assess the coal seam gas potential of ATP 799P in the Galilee Basin, Queensland.
GSG exercises rights to Central CSG deal
GREAT Southern Gas has chosen to exercise its pre-emptive right to take up a 25% stake in EPA 130, onshore Northern Territory, which Central Petroleum was offering to privately held Energy Infrastructure and Resources.
Icon moves ahead in Surat CSG campaign
ICON Energy has signed up Major Drilling to drill nine wells as part of stage two of its coal seam gas drilling campaign in ATP 626P, Surat Basin, Queensland.
Icon, Red Sky snap up CSG permits
COAL seam gas hopefuls Icon Energy and Red Sky Energy have each been awarded a permit in the SuratBasin by the Queensland Department of Mines and Energy.
Icon to bag another CSG permit, progresses work in Surat
ICON Energy is close to securing a promising coal seam gas permit west of Roma, Queensland, after the permit was cleared for grant and ministerial sign-off.
Icon’s Lydia CSG resource jumps 37%
INDEPENDENT certifiers have upgraded Icon Energy’s coal seam gas resource for the Lydia farm-in area in ATP 626P of the Surat Basin by 37% to 357 billion cubic feet.
Kiwi to expand CSG acreage
THE private L&M Group has applied for its first onshore/offshore coal seam gas and conventional petroleum exploration permit – a large block in the geological Canterbury Basin of New Zealand.
L&M eyes CSG ‘sibling’
LISTED junior L&M Petroleum is acquiring all or part of private company L&M Coal Seam Gas – the largest individual CSG permit holder in New Zealand – or its assets.
L&M gives the green light to CSG test
LISTED junior explorer L&M Petroleum again has coal seam gas cores fizzing at one of its wells onshore Southland, New Zealand, and is now confident enough to conduct its first long-term production test later this year.
L&M Petroleum eyeing richer CSG pastures
IF listed junior L&M Petroleum succeeds in its plans to acquire all or part of private company L&M Coal Seam Gas or its assets, it will have more of the richer, deeper Cretaceous-aged Morley Formation coals that should spur development of the Southland resource.
LNG Ltd raises Fisherman’s Landing funds
LIQUEFIED Natural Gas Ltd has received strong support for its LNG project at Fisherman’s Landing, Gladstone, after raising $29.4 million through an oversubscribed institutional placement.
LNG Ltd starts second train FEED
FOLLOWING closely behind yesterday’s Gorgon final investment decision, Liquefied Natural Gas Limited has announced it will start front-end engineering design studies for its second LNG train at Fisherman’s Landing in Gladstone.
Membrane tank gets tick of approval
LIQUEFIED Natural Gas Limited’s planned Fisherman’s Landing coal seam gas-to-LNG project in Queensland has taken another step forward after receiving approval for its membrane tank technology.
Molopo spells out 2010 drilling plans
MOLOPO Australia is expecting a busy start to 2010 as it prepares to drill the Harcourt and Timmy gas prospects in the Bowen Basin and at its Quebec City shale gas prospect in Canada.
New drilling contractor for CSG sector
DIVERSIFIED drilling contractor Every Day Mine Services has entered into the coal seam gas drilling market with a contract to drill CSG wells for private company Apollo Gas.
Permit award triggers Comet’s Galilee CSG campaign
COMET Ridge will kick-off an eight-well coal seam gas drilling program in the Galilee Basin, Queensland, next quarter after it was awarded permit ATP 743P by the Queensland government today.
QGC moving ahead in Surat
QUEENSLAND Gas Company has kicked off an exploration and appraisal drilling program to establish coal seam gas reserves in PL 171 of the Surat Basin.
Queensland real estate market could get CSG boost
QUEENSLAND’S property sector is poised to take off from the impact of the planned coal seam gas-to-liquefied natural gas projects in the state.
Queensland releases CSG-LNG blueprint
QUEENSLAND has released a framework that outlines the state government’s plans to develop the world’s first coal seam gas-to-liquefied natural gas industry.
Rawson leaping ahead
RAWSON Resources is pushing ahead with programs in the Surat, Otway and Pedirka Basins in Australia as well as the Taranaki Basin in New Zealand.
Red Sky Energy to Acquire Interest In Significant Coal Seam Gas Project In SuratBasin
Red Sky Energy Limited has entered into an agreement to acquire 100% of the issued capital of Cydonia Resources Pty Limited (“Cydonia” or “CRL”) that has the rights to earn up to 100% interest in two CSG permits in the highly prospective Surat Basin, Queensland region of Australia.
Red Sky to join hunt for Surat CSG
PERTH-based junior Red Sky Energy is set enter the coal seam gas industry by acquiring an interest of up to 100% by farming into two highly prospective coal seam gas permits in the Surat Basin.
Reserves upgrade underpins Fisherman’s Landing
ARROW Energy says it has enough reserves to underpin the 1.5 million tonne per annum Fisherman’s Landing LNG project in Queensland after independent certifiers substantially upgraded the size of its coal seam gas reserves.
Santos investigating Mahalo potential
SANTOS has begun exploring the Mahalo Block in ATP 337 of the Bowen Basin for coal seam gas potential with the spudding of the Scrubber Gully-1 core well on Tuesday.
Scrubber Gully-1 hints at Mahalo CSG potential
EXPLORATION of the Mahalo Block in ATP 337, Bowen Basin, is off to a good start with the Scrubber Gully-1 coal seam gas well delivering encouraging results.
Strike Oil to explore for coal seam gas in Cooper Basin
STRIKE Oil will target coal seam gas in the Cooper Basin region after winning the first petroleum exploration licence granted under a native title land access agreement.
Surat Basin CSG work continues
BLUE Energy and Icon Energy are moving ahead with their respective coal seam gas programs in the Surat Basin.
Surat Basin CSG work continues
BLUE Energy and Icon Energy are moving ahead with their respective coal seam gas programs in the Surat Basin.
Westside taking up Galilee Basin position
WESTSIDE Corporation is taking up two coal seam gas exploration permits in Queensland’s Galilee Basin that could hold up to 21 trillion cubic feet of gas.
Westside taking up GalileeBasin position
WESTSIDE Corporation is taking up two coal seam gas exploration permits in Queensland’s GalileeBasin that could hold up to 21 trillion cubic feet of gas.
Red Sky bags more CSG permits
RED Sky Energy has continued to enhance its coal seam gas exploration portfolio and will acquire 100% of seven prospective CSG permits in the Surat and Eromanga basins.
Oil major flags CSG synergies
ANOTHER round of consolidation may be on the horizon for the burgeoning Queensland coal seam gas-to-liquefied natural gas sector.
Wakefield points to new CSG play: Icon
GAS-saturated coals intersected in the Beach Petroleum-operated Wakefield-1 exploration well in the Cooper-Eromanga Basin could point to a new coal seam gas play, according to partner Icon Energy.
Shell in talks over Gladstone consolidation
Shell said today that it is in consolidation talks with other ventures planning to build liquefied natural gas plants in the Australian state of Queensland.
Queensland gas projects face labor risks – Fitch
Bloomberg quoted a Fitch Ratings analyst said a labor shortage is set to push up costs and drive consolidation among proposed coal-seam gas ventures in Australia’s Queensland state.
New kings ride UCG wave as coal seam gas sector booms
A RELATIVELY new energy source to Queensland has caused scepticism within the resources sector but created a wave of new gas kings in a very short space of time.
LNG Ltd starts Fisherman’s Landing earthworks
LIQUEFIED Natural Gas Ltd has started ground improvement and earthmoving works for its LNG project at Fisherman’s Landing in Gladstone.
GLNG eyes second Asian buyer
Australia’s Santos has commenced talks with Asian buyers for gas supplies from the first two trains of its Gladstone liquefied natural gas (GLNG) project in the Queensland state of Australia, according to chief executive, David Knox.
ESG outlines plans for Narrabri CSG project
EASTERN Star Gas has moved a step closer to the full-scale development of the Narrabri coal seam gas project after lodging a concept plant for the project with the New South Wales government.
Central locks in rig for Pedirka CSG campaign
CENTRAL Petroleum is gearing up for a five-well coal seam gas drilling campaign that is targeting up to 70 trillion cubic feet of prospective resources in the Pedirka Basin, central Australia.
LNG Ltd raises more funds
LIQUEFIED Natural Gas Ltd has raised an additional $17.9 million through its share purchase plan to push ahead with the LNG project at Fisherman’s Landing in Gladstone, Queensland.
ESG keeps drill bit spinning in Surat-Bowen
EASTERN Star Gas expects to resume drilling later this week in PEL 6 of the Surat-Bowen Basin, northern New South Wales, as part of its farm-in to three Orion Petroleum licences.
Galilee continues drilling
GALILEE Energy continues to work on its two coal seam gas permits in the Galilee Basin where it is carrying out drilling programs for a CSG pilot production and to assess CSG potential.
Queensland rejects gas reservation
THE Queensland government’s decision to set aside future gas fields for future domestic supply rather than take a percentage from all fields has been lauded by industry groups.
QGC kicks off Surat CSG drilling
QUEENSLAND Gas Company has started a three-well drilling campaign in the Walloon Coal Measures of ATP 574P, Surat Basin, as it works to prove up initial reserves for the permit by mid-2010.
Blue starts Galilee Basin drilling campaign
BLUE Energy has spudded the first of 10 core holes it is drilling in ATP 813P to assess the coal seam gas potential of the Permian-aged Betts Creek Beds and Aramac Coal Measures.
Two sides to CSG
FUNNY isn’t it, how the peak oil debate has faded in the wake of the global financial crisis. Well, actually it isn’t so much funny as predictable because there was always a missing factor in peak oil – price.
Comet starts Galilee CSG campaign
COMET Ridge has spudded the Skiff-1 well, the first of eight coal seam gas wells to be drilled across ATP 743P and ATP 744P of Queensland’s Galilee Basin.
BOW Energy rise 15%, firm upgrades CSG fields
Australia-based energy and exploration firm, Bow Energy Ltd (ASX:BOW) has remained on a roller-coaster ride over past three months as the stock price remained fluctuating during the period and settled at AUD 1.39 per unit of stock.
Unconventional gas boom to hit our shores
UNCONVENTIONAL gas is emerging as the next revolution in the Australian petroleum industry, with the potential to rival even the coal seam gas sector in its impact.
Bibblewindi success to lead to fewer wells
EASTERN Star Gas is confident the success of its lateral drilling methods used for the Bibblewindi multi-lateral pilot in New South Wales will translate into fewer wells being drilled during development.
Santos mulls second train at GLNG
FRESH from approving the ExxonMobil-led PNG LNG project, Santos has said that Asian demand for liquefied natural gas could be cause for a second LNG train at its planned Gladstone LNG project in Queensland.
Month in Petroleum: November 2009
NOVEMBER has been rather subdued in comparison to the months before though much still happened that impacted the oil and gas industry.
Lodestone drilling for CSG
COAL seam gas-focused Lodestone Energy is about to embark on a three-well CSG drilling campaign at its Tambo project in the upper portion of Queensland’s Surat Basin.
CSG-LNG set to power up Queensland
AUSTRALIA is on the brink of becoming a liquefied natural gas powerhouse and much of that growth could be fuelled by Queensland’s fledging coal seam gas-to-liquefied natural gas industry.
Australia emerging as a heavyweight in world gas
DEVELOPMENT approval for Gorgon is set to leapfrog Australia up the ranks of the world’s gas-rich nations, overtaking countries such as Norway, Indonesia, Iraq and India.
Santos Rises on Arranging A$2 Billion Credit to Help Fund LNG
