Page 19 - AsianOil Week 20

AsianOil
NEWS IN BRIEF
AsianOil
available for exploration and a new explorer looking to supply Australian-only gas users.
Mines Minister Dr Anthony Lynham today announced 12 prospective parcels of land were now open to tender across Queensland’s resource rich Bowen and Surat basins between Blackwater and Goondiwindi.
“This is about keeping exploration moving in Queensland to support our post COVID-19 economic recovery,” Dr Lynham said.
“Queensland has been the leader in getting gas to Australian users, including our manufacturers, to fuel jobs. More affordable domestic gas supply will
help secure more Aussie jobs across the supply chain—from the well head to the manufacturing plant.”
Queensland Regional Development and Manufacturing Minister Glenn Butcher says 872 km2 of the land could only supply gas to the Australian market - good news for manufacturers and jobs.
“Gas is critical to our manufacturers as a feedstock as well as an energy source to fuel jobs,” he said. “Already we have Senex Energy producing critical gas feedstock and energy, including to businesses like Orica at Yarwun. As well, Australian Pacific LNG and Armour Energy’s joint venture project near Chinchilla is set to supply gas next year to help secure around 650 manufacturing jobs in plants across Queensland.”
The land is in central and southern Queensland across five regional areas: 2501 square km near Rolleston; 2642 square km between Blackwater and Banana; 882 square km, south of Theodore; 703 square km, 30 km south of Moonie; 18 square km, 15km south- west of Wandoan.
QUEEENSLAND GOVERNMENT, May 14, 2020
Caltex rebrands to Ampol
At the company’s 2020 Annual General Meeting held on 14 May 2020, shareholders approved the change of company name from Caltex Australia Limited to Ampol Limited.
The Australian Securities and Investment Commission recorded the change of name on 14 May 2020. For ASX purposes, the effective date for the company name and ASX code change will be on 19 May 2020. On that date, the ASX code will change from ‘CTX’ to ‘ALD’. AMPOL, May 15, 2020
Senex and CleanCo
Queensland sign new gas
sales agreement
Senex Energy today announced it had agreed a further domestic gas sales agreement with power generator CleanCo Queensland for 2.55 petajoules (PJ) of natural gas.
Under the one-year agreement, Senex will supply CleanCo with 2.55 PJ of natural gas from Atlas, commencing 1 January 2021. Gas will be supplied at the Wallumbilla Gas Hub in Queensland at a fixed price in line with current market levels.
CleanCo is the new Queensland Government-owned corporation focused
on delivering affordable and reliable clean energy. Atlas gas will fuel Swanbank E, CleanCo’s highly efficient 385 MW gas-fired power station near Ipswich in south-east Queensland. Initial gas sales to CleanCo – the first from dedicated domestic gas acreage in Australia – have been made since December 2019.
Senex has contracted more than 35
PJ of natural gas from Atlas (including potential contract volume expansions and term extensions). Atlas gas production for calendar year 2020 is fully contracted and 2021 expected production is more than 70% contracted.
Senex has drilled 39 wells of the 50-well Atlas campaign, with Atlas gas production continuing to perform strongly at ~14 TJ/day. Total daily Surat Basin gas production is above 32 TJ and continues to increase towards initial nameplate capacity of 48 TJ/day (about 18 PJ/ year).
SENEX ENERGY, May 14, 2020
Domestic gas prices fall as LNG exports sustained
A new report by energy consultancy EnergyQuest has found Australian domestic gas prices have fallen while shipments of Australia’s gas exports have been sustained.
The report shows the number of liquified natural gas shipments increased 3 per cent in April from the same month last year, while domestic gas prices have dropped more than 50 per cent in the same period and are at their lowest since 2016.
APPEA Chief Executive, Andrew McConville said the report again confirms that sustained domestic supply and export revenue are not mutually exclusive – one need not come at the expense of the other.
The price of Brent crude oil (the most relevant international price marker for Australia) fell by nearly 75 per cent between January and April 2020, to its lowest level in 20 years.
McConville said governments must resist calls coming from some for intervention in the gas market that force non-commercial outcomes.
“Such approaches act as a tax on gas production, raising costs and can discourage long-term investment, reducing production and undermining long-term energy security,” he said.
APPEA, May 15, 2020
Warrego Energy requests trading halt
The securities of Warrego Energy Limited
will be placed in trading halt at the request of WGO, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier
of the commencement of normal trading
on Monday, 25 May 2020 or when the announcement is released to the market. WARREGO ENERGY, May 21, 2020
Week 20 21•May•2020
w w w . N E W S B A S E . c o m
P19