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.
Brookfield Asset Management and Macquarie Capital’s successful $US2.1 billion play for a slice of Apache Energy’s Australian oil and gas business has spawned the creation of a new Perth-based energy company, dubbed Quadrant Energy.
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.
The Drover-1 exploration well will now be decommissioned and rehabilitated back to its pre-existing state, according to AWE.
In cooperation with TGS and supported by major oil companies, Dolphin mobilized its high capacity 3-D Sanco Swift vessel to acquire the North Carnarvon Basin survey covering both newly awarded licensed and open acreage, a news release said.
Managing director Adam Lowry will head 3D at Depth Asia Pacific Pty Ltd.’s office in Perth, strengthening offshore oil, gas E&P market.
Lowry worked for Fugro Australia and Seabed Geosolutions.
The results confirmed initial results from the Senecio-3 discovery well, according to AWE Ltd.
Chevron Corp. is studying data from its largest-ever seismic survey of the Great Australian Bight, Bloomberg said. TGS Nopec Geophysical Co., gathered data covering about 22,000 sq km of the untapped area.
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.
The underexplored Great Australian Bight off the coast of South Australia remains high on BP’s agenda with the supermajor taking the chance to talk up the opportunities of the frontier basin at the Appea conference and exhibition.
Australia's Titan Energy Ltd. started commercial production on first well in multiwell program in Allen Dome area of Brazoria County, Texas. Titan has planned a five-well program in Allen Dome.
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.
Australia’s Minister for Industry and Science, Ian Macfarlane, pledged the Australian Federal Government’s continuing support to an oil and gas industry shining as one of the country’s main success stories.
The 12-month contract, valued at $6 million and effective immediately, will be delivered from WGK’s Perth office, a news release said.
The appointment of Graham Yerbury follows the resignation of Andrew Price, who has been appointed CFO of PanAust Ltd., a news release said.
In next few years, BHP will cut about 100 jobs in Melbourne, Australia, Reuters said. Commodities have fallen. There are more than $2 billion in impairments on U.S. shale operations.
Maritime authorities will continue searching near Australia’s Great Barrier Reef where oily water was detected, after an aircraft July 18 failed to find material trace of oil, Bloomberg said.
The contract will involve up to 20 locally employed people working on the subsea scope over the next 12 to 18 months as Woodside prepares for a final investment decision.