CENTRAL PETROLEUM ORD
Central Petroleum Signs Major Gas Deal for Palm Valley Expansion
Central Petroleum signs multi-year gas deal with NT Government powering Palm Valley expansion; 21 PJ to 2034, ~40% output boost; first gas by H2 2026.
Mereenie Joint Venture Partners Sign Agreement with NT Government’s PWC for Long-Term Gas Supply
Horizon Oil (ASX: HZN) and partners Echelon Resources (ASX: ECH) and Central Petroleum (ASX: CTP) have signed an agreement with the Northern Territory to support an accelerated drilling program for four new wells at the Mereenie and Palm Valley fields.
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 […]