Monarch has exhibited Direct Hydrocarbon Indications on seismic within the Waarre C sands, the main gas reservoir in the Otway basin, in the form of a flat spot.
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A flare boom on the Scarborough Floating Production Unit (FPU) was recently safely installed, marking a huge turning point for the energy project.
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Australian Energy Market Operator’s (AEMO) report for the last quarter of 2023 shows that new records are being set for the amount of renewable energy being fed into the grid, reducing the reliance on traditional coal-fired generation.
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2023 saw Buru Energy regain full ownership of Rafael, the first significant conventional gas and condensate discovery in the onshore Canning Basin of Western Australia.
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Pilot Energy’s application to declare a greenhouse gas storage formation has progressed to the final stage and is now with the Minister for Resources and Minister for Northern Australia for decision.
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