Exclusives

Leigh Creek Energy, gas, South Australia, David Shearwood

Former fund manager David Shearwood has big plans to turn Leigh Creek Energy into an underground coal gasification producer by 2018, and in the process, offer hope of future employment to the hundreds of workers affected by the Leigh Creek coalmine shutdown.

The Northern Territory government has shot down Palatine Energy’s plans to extract tight oil in the Watarrka national park, a move company managing director David Falvey has described as profoundly disappointing. 

Woodside Petroleum, LNG, Q3, third quarter, production, LNG, oil, prices

The Western Australia-based company reported that its revenue fell 44.6 percent year-on-year due to lower oil prices.

Cooper Basin, Santos, unconventional, oil, gas, Australia

With a proven history of production, plenty of invested players and a bright unconventional resources outlook, the venerable basin is still alive and kicking.

APPEA, Western Australia, Labor Party, Fracking, Ban, Australia

A ban on fracking by the Western Australia Labor Party would hold until it was shown that fracking doesn't compromise the environment, groundwater, public health or contribute adversely to climate change.

Deepwater International

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.

Exploration

Fugro’s work will include seabed and shallow geological investigations including in areas of difficult terrain.

Impairment is latest caused by BHP's badly-timed push into U.S. shale in 2011, when it spent $17 billion on two acquisitions while oil and gas prices were much higher, Reuters said.

Fugro’s Seafloor Drill 2 (SFD2) has successfully completed a challenging multi-site investigation across the North West Shelf of Australia, encountering variable calcareous sediments and delivering results to support a jack-up drilling campaign.

Four offshore permits were granted to OMV NZ Ltd, a unit of OMV Austria, in partnership with Mitsui E&P Australia Pty Ltd, a subsidiary of Japan's Mitsui & Co.

The company's 2P reserves for its ATP814P coal seam gas asset ​have jumped by 29 percent to about 2 Bcm (71 Bcf). Meanwhile 3P reserves have jumped by 49 percent to about 8 Bcm (284 Bcf).

Production

Natural gas supplies from the $54 billion project will come to market just as a raft of other Australian projects come on line and the U.S. is due to export its first cargo from abundant shale gas supplies.

Stage 1A includes the installation of new infrastructure and upgrades to existing assets that will connect the recently flow tested Waitsia-1 and Senecio-3 gas wells to the Xyris Production Facility (XPF), AWE Ltd. said in the release. T

Senex received $42 million in cash and a suite of subsurface, production and other technical data, in exchange for the sale of the Maisey Block to GLNG, the Santos-led partnership with partners Petronas, Total and KOGAS. In addition, Senex will supply up to 50 TJ/day (47.4 MMcf/d) of sales gas from its Western Surat Gas Project to GLNG under a binding 20-year gas sales agreement, the release said.

Woodside, which operates the North West Shelf project, and partners will develop 1.6 trillion feet of gas which will be piped to the existing Goodwyn A platfor.

Transerv said Nov. 19 the impressive results of the review highlighted the immense potential for Warro to become a major player in the state’s domestic gas market.

Subsea Engineering

Woodside Petroleum said that the North West Shelf (NWS) Project participants have approved the Greater Western Flank Phase 2 (GWF-2) Project.

It’s back to the drawing board for BP in the unexplored Great Australian Bight after the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) rejected the company’s drilling plans for the region.

OneSubsea has bagged a FEED contract for Woodside Petroleum’s Greater Enfield Area development offshore northwest Australia.

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.

Technology

Perth-based Wood Group Kenny will provide specialist consultancy services for flexible riser integrity management prior to and during operation of Prelude FLNG, which will be located 475 km north-northeast of Broome in Western Australia, a news release said.

Matthew Kay most recently served as the executive general manager, strategy and commercial at Oil Search, a position he has held for the past two years. 

Under the new contract with Woodside, effective immediately, Wood Group Kenny (WGK) will progress the configuration design of the flexible risers and umbilicals for the asset's offshore gas-condensate fields—Brecknock, Calliance and Torosa, according to a news release.

Analysts said the decision to walk away probably reflected the fact that Woodside was unable to win support from Oil Search's top shareholders.

The project is expected to produce enough LNG to load about 10 vessels a month by mid-2016, equivalent to exporting around eight million tonnes of LNG a year, Reuters reported.