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Strike Energy Ltd. is set to spud what it believes will be the world’s deepest pure coal-seam well and the first of its kind not only in Australia, but also the southern hemisphere.
China is now Australia’s second-largest LNG market, and Australia is China’s biggest LNG supplier.
Sydney independent oil and gas producer AWE Energy has announced one of the highest onshore flow rates in the history of the Australian oil and gas industry.
Association’s chief urges states to back off fracking inquiries to facilitate greater supply in the east.
The latest startups mean BP has brought five of its seven major 2017 projects onstream.
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.
AWE's board unanimously recommended Mineral Resources' offer, which topped a A$442 million, A$0.73 a share, bid from China Energy Reserve and Chemicals Group.
AWE said on Dec. 19 Waitsia holds 820 petajoules (PJ) of proved and probable reserves, up from the previous estimate of 811 PJ as some contingent reserves have been reclassified. The estimate has been raised 80% since June after the company drilled new wells.
The suitors are targeting AWE's stake in its Waitsia gas project in Western Australia, which the company has called the country's biggest conventional gas find onshore in four decades.
The Chinese firm CERCG, which runs oil and gas projects and LNG plants, said it was attracted to AWE for its stake in the Waitsia gas field in Western Australia.
Beach Energy Ltd. has entered into binding agreements with Cue Exploration Pty. Ltd. to acquire equity in North West Shelf exploration permits WA-359-P and WA-409-P in the Carnarvon Basin, offshore Western Australia.
Senex Energy Ltd. has received environmental authority from the Queensland government to develop the Western Surat Gas Project, the company said on Dec. 8.
The deal would bring to market about 5 trillion cubic feet of gas held by Shell and PetroChina’s Arrow Energy in the state of Queensland, Arrow said.
Australian-based AWE Ltd. has commenced flow testing of its Waitsia-3 well to further appraise the conventional Waitsia gas discovery, the company said on Oct. 23.
Norway’s Add Energy, Australia’s Transborders Energy and other partners will pick a site in 2018 for a low-cost floating liquefied natural gas (FLNG) development, the Norwegian consultancy firm said Oct. 17.
Australia expects to increase exports of LNG by 16% from mid-2018 as $180 billion in new projects hit their stride, nearly catching up with Qatar, the world’s top supplier.
Chevron Corp. has started producing LNG at its Wheatstone project in Australia, slightly later than expected, and plans to ship its first cargo soon.
The last massive component of Australia’s $180 billion LNG construction boom arrived on Aug. 14, stepping up a race between Anglo-Dutch giant Shell and Japan’s Inpex to start chilling gas for export in 2018.
Four of the biggest oil and gas operators in Australia have joined forces in an effort to combat an issue offshore Australia that is costing the industry hundreds of millions of dollars: replacing subsea equipment that fails prematurely.
The successful installation of the complex network of subsea infrastructure and equipment to safely and efficiently extract gas and condensate from the Ichthys Field for the Ichthys LNG Project has been completed, INPEX said Jan. 13.
Woodside Petroleum Ltd. has agreed Sept. 5 to buy half of BHP Billiton Ltd.’s stake in the Scarborough area gas fields off Western Australia for $400 million, in a move that could help speed a decision to develop the long delayed project.
Chevron Corp. could face tougher emissions curbs at Wheatstone LNG in Western Australia after the state reviews environmental conditions imposed on the $34-billion project.
Speedcast International Ltd. said on Jan. 18 it has been selected by Noble Corp. Plc (NYSE: NE) to provide new IT communications equipment and fully managed connectivity services to their global drilling fleet.
Commencing March 2018, Maersk Master and Maersk Mariner, Maersk Supply Service’s two first Starfish-class anchor handling vessels built in 2017, will be on contract with Quadrant Energy in Western Australia.
UTEC, a survey company in subsea services group Acteon, has been awarded a contract by Technip Oceania Pty Ltd. to provide survey and positioning services on the Greater Enfield Project, offshore Western Australia.
Gas extraction via fracking could only resume in Australia’s Northern Territory district after a study on the controversial practice is completed in two to three years, according to the recommendations of an independent group released on Dec. 12.