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Company News
The Race Is on to Re-Establish Australia’s Natural Helium Production Capabilities
International and local explorers are in a race to bring a natural helium industry back to Australia, where no local production has been available since the country’s only extraction plant in Darwin shut down in late 2023 after the depletion of the helium-rich gas supply from the Bayu-Undan field. However, analysts see Australia as having […]
ACCC report boosts confidence in Australia’s gas industry
With a number of junior and major petroleum companies increasing their output, Australia’s gas industry says a new Australian Competition & Consumer Commission (ACCC) report has confirmed it is doing its bit to ensure the east coast of the nation will be well supplied into the future. The ACCC’s September 2023 interim gas inquiry report […]
Oil and gas rush speeds-up as prices surge
A promising gas discovery revived interest in Buru Energy (ASX: BRU) earlier this week – delivering a 30% share-price rise in the latest example of investors returning to the politically incorrect oil and gas sector, a move which iron ore billionaire Gina Rinehart successfully made late last year. Though miles apart in terms of size […]
Central Petroleum to supply Mereenie gas to AGL Energy
Central Petroleum (ASX: CTP) has inked a deal to supply up to 21.9 petajoules of gas from its Mereenie field in the Northern Territory to major retailer AGL Energy (ASX: AGL). The new gas sale agreement, signed together with Central’s private joint venture partner Macquarie Mereenie Pty Ltd, spans a three-year period and is expected […]
Central Petroleum and Incitec Pivot announce 2C gas resource for Project Range
Australian joint venture partners Central Petroleum (ASX: CTP) and Incitec Pivot (ASX: IPL) have announced a higher-than-expected 2C contingent gas resource at Project Range in Queensland’s onshore Surat Basin. The duo today unveiled an independently certified 2C contingent resource of 270 petajoules of Walloons coal seam gas (CSG) at the project, which exceeds the original […]
Incitec Pivot looks to receive Central Petroleum’s gas before month end
The first delivery of contract gas under a fresh sales agreement between Central Petroleum (ASX: CTP) and Incitec Pivot (ASX: IPL) is within arm’s reach as the northern gas pipeline – the conduit for the contract – prepares for start-up. In June, the oil and gas junior signed an agreement with the $6 billion Australian […]
Central Petroleum gets green light for Mereenie gas development
Natural gas exploration junior Central Petroleum (ASX: CTP) and its larger 50/50 joint venture partner, financial major Macquarie Group, have been given the green light to develop the Mereenie gas project in Australia’s Northern Territory. Central Petroleum today announced the wholly-owned subsidiaries of the joint venture partners had agreed and signed an Authorities for Expenditure […]
Central Petroleum and Incitec Pivot join forces in Queensland
Junior oil and gas company Central Petroleum (ASX: CTP) could soon be adding fresh acreage and renewed exploration impetus into its portfolio after the natural gas explorer announced it was the preferred bidder for the Queensland Government’s tender for acreage (PLR201718-1-1), a 77 square kilometre plot of land dedicated to supplying the domestic Australian market. […]