The latest report from the Australian Competition and Consumer Commission (ACCC) shows the east coast gas market is forecast to have sufficient supply to meet forecast demand for the remainder of 2023.
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The global energy company’s floating production, storage and offloading vessel (FPSO), part of the Sangomar Field Development Phase 1 project, is set to hit first oil at the end of 2023.
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Storage of renewable energy will be essential to Australia’s net zero transition but will require significant investment, according to the latest roadmap released today by Australia’s national science agency, CSIRO.
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The Carpentaria-2H well has achieved a new average flow rate over 30 days of 2.81 million standard cubic feet (mmscf) per day. The current flow rate is 2.3 mmscf per day.
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Tamboran Resources believes the Beetaloo Basin’s low reservoir CO2 is an attractive source of supply for industry seeking to reduce greenhouse gas (GHG) emissions.
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Australia’s oil and gas industry has urged the incoming New South Wales Labor Government to recognise the crucial role of natural gas in the state’s cleaner energy future and enable investment in new supply to avoid forecast shortfalls and put downward pressure on prices.
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The Australian Taxation Office has approved Galilee Energy’s research and development (R&D) application, with it also receiving a tax offset of $7.6 million for the 2021/2022 financial year.
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