Posts Tagged ‘Coal Seam Gas’

ASX Company News: Leighton Secures $325 million Coal Seam Gas Contract

Thursday, February 9th, 2012

Thiess, a wholly owned subsidiary of Leighton (LEI),  has won a $325 million contract from coal seam gas explorer and producer QGC Pty Limited to construct gas processing facilities for one of Australia’s largest infrastructure projects. The six field compression stations and one central processing plant, to be built about 30km north- west of Dalby in southern Queensland, represent some of the upstream facilities being developed by QGC for its Queensland Curtis LNG Project (QCLNG). The facilities will process gas for transport via an underground pipeline to Gladstone. On Curtis Island, off Gladstone, the gas will be converted into liquefied natural gas for export.

Thiess Managing Director Bruce Munro said the contract was testimony to the multi-disciplinary expertise and experience Thiess brings to such a large geographically-dispersed project. “Thiess has a culture of valuing and building long-term partnerships and we are proud to work with QGC on this project of state significance,” Mr Munro said. Work will begin in February 2012 and is expected to be completed in April next year. The project will extend Thiess’ presence in the upstream coal seam gas sector in the region where its founding fathers started the business more than 77 years ago.

Thiess has an annual turnover of $7 billion and nearly $22 billion work in hand. With over 19,000 employees, it has become Australia’s leading and most trusted construction, mining and services contractor. Thiess is a wholly-owned subsidiary of Leighton

www.leighton.com

http://www.traderdealer.com.au/fundamentals/lei

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ASX Company News: Eden Energy To Spin Off UK Gas Assets

Tuesday, September 13th, 2011

Eden Energy Ltd (EDE) plans to spinout its’ wholly owned UK coal seam methane/shale gas subsidiary, Eden Energy (UK) Ltd into a new proposed ASX listing to be called Adamo Energy Ltd (Adamo).    Independently reported Shale Gas Unrisked Prospective Mean Resources GIIP for part of the licence area, of which Eden holds 50%, stand at 49.8 TCF.   This spinout will be undertaken as soon as it is deemed that the market conditions are suitable.

The key details of this proposed new float, which will be subject to all necessary approvals being obtained are:

• Capital Raising – it is proposed to raise at least A$10.0 million

• Eden Energy Ltd shareholders – To be offered a priority entitlement via a Prospectus

• Large UK landholding – South Wales, Bristol and Kent

• Large Prospective Gas Resource

• Strong UK management team arranged2

• Very strong prospective UK gas market

www.edenenergy.com.au

http://www.traderdealer.com.au/Fundamentals/ede

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ASX Company News: WDS Secures $40 million Coal Seam Gas Project

Wednesday, August 3rd, 2011

WDS Limited (WDS), a leading integrated services provider to the energy, mining and infrastructure sectors  announced its Energy & Infrastructure (E&I) Division has been awarded a new contract in the emerging Coal Seam Gas (CSG) sector. Fluor Australia Pty Ltd has awarded WDS the Water to Grade General Work Contract on behalf of the Gladstone LNG Upstream Project (participants are Santos, Petronas, Total and Kogas). Contract revenue is expected to be circa $40 million with a nine month construction period commencing August 2011.

WDS Managing Director Terry Chapman said that “this contract is one of the first to be awarded for the large CSG to LNG projects and builds on WDS’ proven experience over the past 8 years working for all the major CSG to LNG proponents”. WDS E&I Division Chief Executive Ciaran Hallinan stated that “this contract continues on from WDS’ work on Santos’ Fairview CSG project over the past 5 years where we consistently delivered on our core values of safety and quality”. The work includes the construction of gathering pipelines, well pad connections and the construction of a water treatment plant.

WDS is a leading integrated provider of specialist development, design, engineering, construction, fabrication and maintenance related services to the cross section of energy, mining and infrastructure sectors.

www.wdslimited.com.au

http://www.traderdealer.com.au/fundamentals/wds

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ASX Company News: WDS Limited Secures Coal Seam Gas Contract

Thursday, July 7th, 2011

WDS Limited (WDS), a leading integrated services provider to the energy, mining and infrastructure sectors announced that its Energy & Infrastructure (E&I) Division has been awarded a new contract in the emerging Coal Seam Gas sector. Flour Australia Pty Ltd has awarded WDS the Water to Grade General Work Contract. Contract revenue is expected to be circa $40 million with a 9 month construction period commencing August 2011.

WDS Managing Director Terry Chapman said that “this contract is one of the first to be awarded for the large CSG to LNG projects and builds on WDS’ proven experience over the past 8 years working for all the major CSG to LNG proponents.”

WDS is a leading integrated provider of specialist development, design, engineering, construction, fabrication and maintenance related services to the cross section of energy, mining and infrastructure sectors.

www.wdslimited.com.au

http://www.traderdealer.com.au/fundamentals/wds

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ASX Company News: Origin Energy Signs LNG Contract And Sells Stake In Australia Pacific LNG

Tuesday, April 26th, 2011

Australia Pacific LNG Pty Ltd (“Australia Pacific LNG”) and China Petroleum & Chemical Corporation (“Sinopec”) signed a Sale and Purchase Agreement for the supply of 4.3 million tonnes per annum of LNG for 20 years from Australia Pacific LNG’s world-class coal seam gas resources and proposed LNG facility on Curtis Island, Gladstone in Queensland.

Australia Pacific LNG and Sinopec International Petroleum Exploration & Production Corporation (“SIPC”, a subsidiary 100% owned by Sinopec Group) also signed a Subscription Agreement for SIPC to subscribe for a 15% interest in Australia Pacific LNG thereby reducing ConocoPhillips’ and Origin Energy’s ownership interest to 42.5% respectively.

These agreements reflect the commercial terms outlined in the Heads of Agreement signed between Australia Pacific LNG and Sinopec on 25 February 2011. The agreements are subject to approvals by the Chinese Government and in Australia, the Foreign Investment Review Board and are conditional on Australia Pacific LNG reaching a final investment decision.

Origin Energy Managing Director, Mr Grant King said, “Today marks an important milestone in the development of the Australia Pacific LNG project and represents the largest LNG supply agreement in Australian history by annual volume.  “These agreements are testament to the strength  of the Australia Pacific LNG project, which is based on Australia’s largest coal seam gas reserves and resources together with ConocoPhillips’ proven Cascade© LNG technology that is well-suited to a CSG application,” Mr King said.

ConocoPhillips’ Senior Vice President Exploration and Production, Mr Ryan Lance said, “We welcome Sinopec as an equity partner of Australia Pacific LNG and as a foundation buyer of LNG. “It is through the large amount of ground work and cooperation by all parties that we have been able to move from a Heads of Agreement to binding agreements in such a short period of time. We reaffirm our target of first LNG cargo to be delivered to Sinopec in 2015.  “Australia Pacific LNG continues to be in discussions with other customers that have the potential to secure off-take agreements,” Mr Lance said.

www.originenergy.com.au

http://www.traderdealer.com.au/fundamentals/org

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ASX Company News: L&M Energy Secures Electricity Sale Contract

Friday, April 8th, 2011

L&M Energy Limited (LME) has entered into a landmark agreement to sell electricity output from its Ohai Coal Seam Gas Pilot Project to the Rio Tinto Alcan-owned New  Zealand Aluminum Smelters Limited. The smelter, situated less than 80km away from Ohai, is New Zealand’s biggest single electricity user and expects to consume 5,500 GWh of electricity in 2011.

L&M Energy chairman, Geoff Loudon, said this was a vindication of the potential for the Company’s CSG project to generate strong economic returns and was looking forward to building a strong commercial relationship with NZAS.

L&M Energy is New Zealand based company which is focused on the development of commercial coal seam gas resources and discovering major conventional oil and gas resources. The Company holds equity interests in a number of exploration permits and is well funded for its current work programmes.

www.lmenergy.co.nz

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KRudd ready to compromise on mining tax: The Australian

Wednesday, June 16th, 2010

The Australian is reporting that the Rudd government is ready to negotiate on the super-profits tax, with Queensland’s coal-seam gas industry at the forefront of discussions.

The article also suggests the ‘one size fits all’ approach to imposing the 40 per cent profit tax could be changed, with “greenfields” industries such as coal-seam gas, offshore gas and petroleum projects being treated differently to lower-value mining industries like quarrying.

Mining companies vs the governnment

Wesfarmers yesterday wrote a letter to all WES shareholders regarding the proposed Resource Super Profits Tax.

The tussle between the government and Australia’s mining companies will no doubt continue for some time.

FMG – Fortescue Metals
BHP – BHP Billiton
RIO – Rio Tinto

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Arrow Energy Acquires Stake In China Coal Seam Gas Project

Tuesday, December 22nd, 2009

Arrow Energy (AOE) has advanced its plans to create the first global coal seam gas company after acquiring a major stake in a highly prospective coal seam gas block in China. Arrow Energy subsidiary Arrow Energy International (AEI) has signed an agreement with Fortune Oil subsidiary, Fortune Green Energy (FGE), to acquire a 35 percent stake in Fortune Liulin Gas (FLG). Total consideration for this stake is US$13.3m with US$6m of these funds being committed to the 2010 work program which includes the drilling of horizontal pilot wells. Arrow has conditional options to increase its stake to 75 percent over time.

Arrow Energy Chief Executive Officer, Mr Nick Davies, said the transaction was a significant step forward for Arrow International in China. “The advanced status of the Liulin block represents a unique opportunity for Arrow to showcase its skills and capabilities and achieve near-term production and gas sales while providing the company with some existing reserves,” Mr Davies said. “We look forward to working closely with Fortune Oil and our Chinese partners at CUCBM on realising the potential of this block,” he said.

The project is expected to be the first of a series of co-operations in China that combine Arrow’s upstream expertise with Fortune’s gas distribution capabilities in China. This will include co-operation on coal mine degassing, a priority area for China in tackling coal mine safety and climate change.

www.arrowenergy.com.au

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Central Petroleum Signs Drill Contract For CSG

Tuesday, November 10th, 2009

The search for oil, helium, coal seam gas and other unconventional “new era” hydrocarbons in Central Australia received a significant boost late last week, with the signing of a five-well drilling contract by the region’s largest Operator in innovative energy exploration. Perth-based Central Petroleum Limited (CTP) signed the contract with WA-based drilling services company, Wallis Drilling Pty Limited, to drill five fully cored coal seam gas (CSG) wells over the next five months, in the highly prospective Pedirka Basin southeast of Alice Springs where the Company is exploring for an independently reported potentially recoverable prospective resource of 34 -70 trillion cubic feet (TCFG) of CSG as well as conventionally reservoired oil targets.

“This contract represents another milestone for our exploration in Central Australia, paving the way for the next phase of an extensive drilling and seismic exploration programme to prove up the tremendous potential for hydrocarbons that all our previous surveys have been pointing to,” Central Petroleum’s Managing Director, Mr John Heugh, said today. “If the results from these first five CSG are successful, subject to Joint Venture approval, they could be followed up quickly with further fully cored and or production test CSG wells in the Pedirka Basin.”  Central’s imminent Phase One 2009 exploration  programme– valued at A$32 million – will also include a comprehensive geochemical survey over the Johnstone, Surprise and Stuart oil prospects in the Amadeus Basin near the WA border in EP 115, a promising oil permit where the Company is targeting upside “high” estimates of over 500 MMbbls UOIIP in the first three prospects.

A conventional well, Ooraminna 2, targeting c. 2 TCF of gas UGIIP will also be drilled as part of the Phase One programme probably early in 2010, subject to the availability of an appropriate drilling rig and the readiness of other wells to be drilled in the Phase Two 2010 programme. Ooraminna 2 (2 TCFG UGIIP) and Johnstone 1 (over 500 MMbbls UOIIP) or an alternative will be drilled in 2010. Details of the proposed Phase Two 2010 exploration programme are being readied to be presented to Joint Venture participants in November 2009. Various elements of the Phase Two programme are subject to Joint Venture approval and various elements are part of the Northern Territory Regional Development, Primary Industries, Fisheries and Resources (RDPIFR) minimum requirements.

www.centralpetroleum.com.au

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Greenpower Energy Sells Mirboo Tenement

Thursday, September 10th, 2009

Greenpower Energy Limited (GPP) has sold its Mirboo tenement in Gippsland Victoria for $2.8 million. The purchaser is Latrobe Fuels Limited. Greenpower is also developing coal seam gas tenements in NSW, South Australia and the Perth Basin in Western Australia. Funds from the sale will contribute to developing other tenements. Greenpower will also receive a royalty of 2.5 % on profits of production of all minerals and oil and gas produced from the tenement.

“Greenpower will focus on its most highly prospective coal seam gas tenements and is open to collaborations or sales when it’s expedient,” said Mr Gerry King, chairman of Greenpower. Payments are staged with $200,000 deposit. A further $1.6 million is to be paid 12 months after the Victorian Department of Primary Industries approves a work plan for the site. A further $1 million will be contingent on a mining lease being granted for the site. The vendor is by Sawells Pty Ltd, a full owned subsidiary of Greenpower Energy. Latrobe Fuels is based in Western Australia and is not listed on the Australian Securities Exchange.

Greenpower Energy Limited is an Australian publicly listed explorer and supplier of ‘coal seam natural gas’. With a mature CSG industry that provides some 12 % of the United States’ natural gas production, modern exploration and completion techniques have led to the exponential growth of CSG in both the US and Australia. Greenpower Energy has approximately 2 million hectares of commercially-attractive CSG tenements in three Australian states – Gippsland and Otway Basins in Victoria, the Eromanga and Willochra Basins in South Australia, the Perth Basin in Western Australia, and the Gunnedah Basin in New South Wales.

www.greenpowerenergylimited.com.au

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