The company said it is well positioned in northern Australia to develop brownfields.
Armour Energy and American Energy Partners will explore and develop Armour’s extensive oil and gas prone McArthur Basin Project.
Armour holds vast shale oil and gas resources in northern Australia, mainly in the McArthur and South Nicholson basins.
Gorgon was initially slated to produce gas in early 2015 at a cost of US$37 billion when the final investment decision was made.
The Santos-operated GLNG project is set to be the second project to commercialize CSG to LNG in Queensland, behind the BG Group-led QCLNG project.
Santos has been awarded two exploration permits close to its existing acreage in the vicinity of the giant ongoing Ichthys LNG development in the Browse Basin offshore Western Australia.
The giant Inpex-operated Ichthys LNG Project has hit a couple of significant milestones, with the start of deepwater pipelay work on the 889-km gas export pipeline and the start of the development drilling program.
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.
Plans for a newbuild semisubmersible production facility off North Western Australia look to be back on the development path.
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.
Australian Competition and Consumer Commission said many market participants are concerned takeover might lead Shell's Arrow Energy to sell gas into BG's Queensland Curtis LNG plant for export, Reuters reported.
Woodside last week sought exclusive talks with the Papua New Guinea-focused oil and gas producer on a one-for-four share offer.
Woodside would gain a 29% stake in Oil Search's PNG LNG project. Morgan Stanley is adviser for Oil Search. Bank of America Merrill Lynch and Gresham are Woodside’s advisers.
Wireline logs indicate a gross oil-bearing interval of about 23 meters at the top of the Ungani Dolomite section in the well, Buru Energy said.
The Drover-1 exploration well will now be decommissioned and rehabilitated back to its pre-existing state, according to AWE.
INPEX will raise the annual LNG production capacity by about 6% to 8.9 million tons per annum (MTPA) from the initially planned 8.4 MTPA.
Warro Field is 200 kilometers north of Perth and 30 kilometers from the Dampier Bunbury Natural Gas and Parmelia pipelines. Wells could cost $30 million to $40 million.
The BassGas project consists of the Yolla offshore well head platform connected by pipeline to the gas processing facility at Lang Lang, Victoria, AWE Ltd. said in a news release.
Production at Ungani, which is a 50:50 joint venture (JV) between Buru and Japan’s Mitsubishi, is at an initial rate of 1,250 barrels of oil per day (bbl/d), with an initial increased target of 2,500 bbl/d, rising to 3,000 bbl/d.
The decision to progress the project comes after Cooper Energy’s 50% acquisition in the gas field and Orbost gas plant from Santos was finalized.
Chevron’s Gorgon project has hit industrial action turbulence with hundreds of workers on the giant LNG project on Barrow Island voting to take industrial action over demands for more favourable work rosters.
AWE could book a $110 million non-cash impairment on the BassGas (SEN, 31/19) asset in Victoria in the wake of a reduction in the project’s reserves.
Cooper Energy is confident a $560mn subsea option for the development of the Manta gas field in Victoria’s offshore Gippsland Basin could deliver gas within two years of a financial investment decision.
The Western Australian government has signed a Key Principles Agreement with the proponents of the Browse FLNG project for the provision of domestic gas and to locate a supply chain in Western Australia.
Two major offshore LNG developments off the coast of Western Australia are both still on the drawing boards of their respective operators, although one looks set to fall further behind the other.
Walter Simpson has been working in an acting CEO capacity since July. Simpson joined Drillsearch as COO in March 2015 from BG Group subsidiary QGC.
Santos on Aug. 21 appointed Peter Coates as executive chairman following a one-third slide in its share price this year, and said it was looking for a successor for Managing Director David Knox.
The environmental tick of approval covers the installation, operations and decommissioning phases for the development of the Torosa, Brecknock and Calliance fields using FLNG technology.
Conservative Prime Minister Tony Abbott said greenhouse-gas emissions would be cut up to 28% of 2005 levels by 2030, ahead of Paris global climate deal discussion, Reuters said.
The 12-month contract, valued at $6 million and effective immediately, will be delivered from WGK’s Perth office, a news release said.