Australian company Timor Resources said it will drill three more exploration wells onshore East Timor after certifying 24.2 million barrels of oil and 1.3 billion cubic feet of gas reserves from its first two onshore wells.
Australian junior Norwest Energy (ASX:NEW) recently announced a large gas discovery in the onshore Perth basin in Australia. The news bolsters recent analysis from consultancy Rystad Energy that suggests conditions are ripe for a significant development opportunity, with the basin potentially emerging as a key source of gas supply in Western Australia.
The government of Bangladesh has shortlisted eight potential global companies, including ExxonMobil and TotalEnergies, as well as various Japanese players, to build the South Asian nation’s first onshore liquefied natural gas (LNG) import terminal. Significantly, the proposed 7.5 million tonne per year (t/y) LNG processing facility would double Bangladesh’s import capacity.
The eastern Malaysian state of Sarawak, home to the country’s liquefied natural gas (LNG) export complex, has awarded its first onshore block to Petra Energy and Uzma, as it hopes to revitalise its onshore oil and gas industry after taking regulatory control from the federal government.
Siemens world-renowned fire safety products, systems and solutions safeguard assets from fire risk. This teamed with Dron & Dickson’s UK wide distribution capabilities and electrical engineering expertise have created a powerhouse in Fire & Gas Engineering for hazardous and industrial areas, both on and offshore.
Doubling the share of renewables in the global energy mix by 2030 is feasible, but only with concerted action to jump-start their use in transport, building and industry.
Bioenergy is seen as being a critical component to achieving this objective. And if it is, then the sector could “sustain 24.4million jobs worldwide” just 15 years from now.