With hydrocarbons plentiful, the region is a sleeping giant for the oil and gas industry.
As supply and demand alter market conditions, activity in Australia pushes forward.
Plans for a newbuild semisubmersible production facility off North Western Australia look to be back on the development path.
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.
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.
The farm-in agreement was originally announced Sept. 18, 2013.
The new acquisition program has been designed to complement the newly acquired Geoscience Australia research survey in the Houtman Basin.
Seismic acquisition has now commenced on the major new Polarcus Capreolus 3-D multiclient project.
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.
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.
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.
Wood Group Kenny has secured a contract with Woodside to provide the FEED of the flowline system and associated procurement support for the proposed Greater Western Flank Phase 2 development.
Ennsub was responsible for the design and supply of all equipment, including downline recovery winches, remote disconnect heads and isolation plugs.
The start of production from the plant's first LNG train is the result of more than four years of development and construction on Curtis Island, BG Group said in the release.
AusGroup Ltd.’s subsidiary MAS Australasia Pty. Ltd. has been awarded a $55.62 million contract extension with CB&I Kentz joint venture for LNG projects in Australia.
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.