Exclusives

Woodside Petroleum has re-affirmed that FLNG is the most commercially viable option for the proposed Browse Basin project, off Western Australia, as it released the draft environmental impact statement.

The largest problem facing hydraulic stimulation in Australia is Earth stresses—a rarely regarded problem.

Whether it is in shales, tight sands or CSG, the number of international oil companies jumping into the Australian plays to 'crack the code' is increasing along with spending.

Long offsets, wide line spacing and fine spatial sampling can deliver economic large-sale 3-D surveys.

Two operators describe the basin as ‘world class.’

Deepwater International

Browse FLNG development operator Woodside has pushed back its schedule for the large project to focus further on reducing costs, according to CEO Peter Coleman.

A production test is to get underway on an oil discovery offshore Brazil that is expanding nicely in terms of its size and scope as operator Karoon Gas Australia continues to firm up more reserves.

A total of 15 new petroleum exploration permits have been granted in New Zealand’s latest licensing round, including several in remote deepwater and ultra-deepwater frontier zones off the coasts of both the North and South islands.

Exploration

Senex Energy Ltd. and the QGC joint venture have completed the Surat Basin gas asset swap transaction.

The PEL 513 joint venture made its second wet gas discovery in Cooper Basin, Australia.

TAG Oil Ltd. announced that New Zealand Petroleum and Minerals has awarded the company 100% interest in two new onshore Taranaki Basin permits.

Senex Energy Ltd. has reported strong production testing results at the Vanessa conventional gas field in the South Australian Cooper Basin.

ONGC Videsh Ltd. has won exploration block 14TAR-R1 in New Zealand in the 2014 bidding round block offer by the government of New Zealand.

Production

Origin Energy’s Speculant-1 exploration well has discovered potentially commercial quantities of gas in Waarre Formation reservoirs in Australia’s Otway Basin, offshore Victoria within the Origin-operated VIC/L1(v) permit.

Senex Energy Ltd. has started production from the recently discovered Martlet oil field in the Western flank of the Cooper Basin.

Participants in the North West Shelf (NWS) gas development project have approved the Persephone Project off the northwest coast of Australia, operator Woodside Energy Ltd. said in a news release.

Senex has completed a flow test of the Hornet-1 gas well during which gas flowed to surface at a rate of more than 2 MMcf/d. 

Subsea Engineering

The Western Australian Parliament has approved legislation to increase its share of Browse Basin gas fields following reclassification of the state’s  offshore boundaries. 

Australian minnows Neon Energy and MEO Australia have decided to merge into a 50:50 new entity.  

AWE has completed the sale of a portion of its interests in the offshore Tasmanian offshore Bass Basin gas/condensate permits and that contain the Yolla and Trefoil fields.

Technology

Hess intends to develop its natural gas discoveries in its deepwater permits offshore northwestern Australia and toll the production through existing NWS processing and liquefaction facilities in Karratha, Australia.

Jumbo signed a contract with Technip Oceania for the installation of 13 subsea structures for the Chevron Wheatstone Project.

The board of Roc Oil Co. Ltd. (ROC) has appointed Yuanlin Jiang, Yao Xu and Qunbin Wang as non-executive directors of ROC, according to a news release.

Dick Stoneburner helped sell Petrohawk Energy Corp. to BHP Billiton Ltd. in a $15.1 billion deal. Now he’s bringing his experience in U.S. shale to Australia as a board member of Tamboran Resources Ltd.

Santos GLNG has installed the final module on its two LNG processing trains.