Strike Energy’s Post

Big news today for Strike Energy with our South Erregulla peaking #gas #power station in WA awarded the full 85MW of #capacity #credits from the Australian Energy Market Operator (AEMO). AEMO confirmed our Certified Reserve Capacity Credits and our requested Network Access Quantity, having published the 2026 capacity price of $216,092 per MW per annum, which is at the higher end of Strike’s forecast. These awards and confirmation of price are further significant de-risking events as the project proceeds towards its Final Investment Decision #FID Our Managing Director and Chief Executive Officer Stuart Nicholls said today’s awards confirm the need and requirement for Strike’s 85MW peaking gas power station at the northern end of the South West Integrated System, or SWIS, to firm the region’s vast #renewable #energy. "This project marks the next leg of Strike’s gas development and #decarbonisation strategy and demonstrates how Strike is using its gas endowment for a positive impact in Western Australia’s energy transition.” Read more in our announcement here: https://lnkd.in/gRgwf5s7

  🎉 Congratulations to Strike Energy on successfully registering its proposed 85MW gas-fired peaking power station in the Western Australian Wholesale Electricity Market Capacity Mechanism! This power station is needed if we want to put more renewable energy (e.g.: wind. 🌬️and solar ☀️) on the WA network!       🚀 The power station is set to be fully operational by October 2026 and will provide fast-responding capacity for short periods, ensuring secure and reliable power supplies.     We're proud to support Strike Energy with grid connection, power flow modelling, and market participation services.     Crispin Collier, Chief Development and Marketing Officer commented:  "The Incite team's knowledge of the electricity network and the operation of the wholesale electricity market has been invaluable as we pursued the capacity registration process. Their passion and commitment are perfectly aligned with our project team and other advisors." 🛠️👏    Aligned with the AEMO Integrated System Plan, this project highlights the need for a mix of technologies to decarbonize the electricity grid. The Strike Energy gas-fired power station will operate less than 20% of the year to provide electricity typically when the wind isn't blowing and the sun isn't shining. 🌬️☀️ Together, we are accelerating towards a decarbonized future. 🌍🌱 #EnergyTransition #InciteEnergy #IntegratedSystemPlan #WEM #RenewableEnergy #SustainableFuture #CleanEnergy  South Erregulla Peaking Power Plant | Strike Energy   https://lnkd.in/g4eHpzvb 

***𝐏𝐑𝐎𝐉𝐄𝐂𝐓 𝐔𝐏𝐃𝐀𝐓𝐄***   𝐍𝐎𝐑𝐓𝐇 𝐖𝐄𝐒𝐓 𝐒𝐇𝐄𝐋𝐅 𝐏𝐑𝐎𝐉𝐄𝐂𝐓 𝐄𝐗𝐓𝐄𝐍𝐒𝐈𝐎𝐍 𝐑𝐄𝐂𝐄𝐈𝐕𝐄𝐒 𝐒𝐓𝐀𝐓𝐄 𝐄𝐍𝐕𝐈𝐑𝐎𝐍𝐌𝐄𝐍𝐓𝐀𝐋 𝐀𝐏𝐏𝐑𝐎𝐕𝐀𝐋 With 40 years of domestic gas production from the Karratha Gas Plant and 35 years of LNG exports, Woodside Energy is set to see that continue for the next 50 years to come, with the WA Government yesterday confirming approval of Woodside's plan for their North West Shelf project extension!   Since commencing operations in 1984, the North West Shelf Project has supplied more than 6,000 petajoules of domestic gas, powering homes and industry in Western Australia. The announcement of this news will allow Woodside to continue to support local and global energy security and regional development opportunities in the Pilbara in northern Western Australia. Airswift #projectupdate #marketnews #WeAreAirswift

Strike announced this morning that it has been awarded Certified Reserve Capacity (CRC) for the 2026 capacity year by the Australian Energy Market Operator (AEMO) for our proposed fully integrated 85 MW peaking gas power station, as part of the development of the 100% owned and operated South Erregulla gas field. This comes at a time in Western Australia where investment in new gas power generation is needed to firm renewables and support the phase out of coal fired power generation. The CRC and associated capacity credits form a valuable part of the economics of the project and may provide annualised revenues of $15 - 20 million before the sales of energy generated or ancillary services. Our CEO, Stuart Nicholls, said: “Being awarded the 85 MW of capacity for the 2026 cycle paves the way for South Erregulla’s path to market. The project capitalises on the incremental value that integrated gas to power projects can generate from the spark-spread during peak power prices and WA’s capacity credit mechanism. Upon receiving confirmation of our minimum network access quantity, we look forward to taking a Final Investment Decision. Strike’s proposal to integrate the South Erregulla gas field into a dedicated peaking gas power station to firm local renewable power generation, is a clear demonstration of how Strike is using its gas endowment for a positive impact in Western Australia’s energy transition.” Read the full release here: https://lnkd.in/gbuv8mcM

The Australian company Hartshead Resources plans to revise its development plan for the Anning and Somerville gas fields, with an alternative #export route now available under new UK fiscal terms. L’article Hartshead Resources explores a new route for its North Sea gas fields est apparu en premier sur energynews.

Deltic Energy PLC (AIM:DELT) is the latest British oil firm to lay bare the impact of the political and fiscal approach that the UK government is taking to the North Sea and offshore oil and gas, as it reports interim results today. For Deltic, this meant the exit in June from the Pensacola project, one of the North Sea’s largest new discoveries for over decade – and the uncertainty for investors and industry remains a headwind as the company works to advance other highly promising potential sources of gas and oil in its portfolio, “There is no doubt that the first half of the year has been one of the most challenging periods for the company since its inception, with highly publicised fiscal and political pressures impacting companies operating across the UK's domestic oil and gas sector,” chief executive Graham Swindells said today’s interim results statement. More at #Proactive #ProactiveInvestors http://ow.ly/WAva105JWqG

Company group behind NSW #offshore gas plan yet to clean up abandoned wells in WA A company with question marks over its financial viability is behind the push to drill for gas off the northern NSW coast and another subsidiary in WA has not complied with directions from a regulator to make old gas wells safe. A well of Advent Energy subsidiary Onshore Energy in WA’s remote Kimberley region had an increasing risk it could leak due to rising gas pressure or heat from a bushfire, according to an internal state government memo seen by this masthead. “A well leak during a bushfire season poses a very high and uncontrollable bushfire risk,” the April 2023 memo at WA’s Department of Energy, Mines, Industry Regulation and Safety said. Any emergency at the remote Vienta-1 well, 44 kilometres north of Kununurra, would be “challenging and expensive” to respond to and the department was concerned a gas leak or fire could significantly damage surrounding stations, Indigenous communities and a conservation park #riskasessment #companyethics #respectlaw #socialgovernance #consequences #directors https://lnkd.in/g6vn8kYj

Our chair Kevin Keable has returned from Offshore Energies UK's Offshore Decommissioning event in St Andrews powered with ideas to make the east of England the southern North Sea decommissioning hub. A new campaign is under way to bring the lion's share of the up to 50 platforms due to be dismantled and disposed of in the next decade to east coast ports, bringing work for the regional supply chain. The priority is to shape an offer more attractive than competition in the Netherlands. A new working party has been set up by EEEGR (East of England Energy Group) to explore the region's potential after we brought operators, demolition experts, the supply chain, local authorities and the North Sea Transition Authority together to discuss their ambitions. Thanks to Adam Barker and the Eastern Daily Press for covering this key issue for the region, which could bring huge economic benefits to our businesses. #decommissioning #gas #oilandgas

The CRC assignment is a critical step in the reserve capacity mechanism, determining the maximum capacity a facility or component can provide during peak periods through a technical review. ▶️ https://lnkd.in/dijKQux4 #NGW #energy

Operators need to plug 200 abandoned #NorthSea #OilandGas wells a year to stay on top of targets, with the goal to keep #decommissioning jobs in the U.K. Read more: https://ow.ly/3tKE50TRWGc