Exclusives

australia_hydrauling_fracturing_report

The Australian Petroleum Production & Exploration Association (APPEA) said the report should encourage the immediate suspension of the hydraulic fracturing moratorium in the Northern Territory.

Western Australia is aiming to revive the LNG export boom that made Australia’s biggest state a land of milk and hydrocarbons that carried the country through the worst of the global financial crisis.

The treaty signing in New York on March 6 marked the first conciliation under the U.N. Convention on the Law of the Sea—a process UN Secretary-General António Guterres said could offer other countries a path toward resolving contentious maritime boundary disputes.

Australian E&Ps With US Focus Top The Charts

Australia’s Freedom Oil & Gas, a shale producer with Eagle Ford assets, and Byron Energy, which has Gulf of Mexico operations, are star performers on the ASX.

Strike Energy, Jaws-1, Australia oil and gas, Halliburton, oil exploration drilling

Strike Energy is in the hunt for a gas prize estimated at up to 11 trillion cubic feet.

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

Santos said April 3 it would "engage with" Harbour Energy after receiving a $10.4 billion takeover offer from the U.S. company, its fourth unsolicited bid since August 2017.

Royal Dutch Shell is selling its upstream assets in New Zealand to Austria's OMV AG for $578 million, the companies said on March 15.

Australia had sought a boundary aligned with its continental shelf, but East Timor argued the border should be half way between it and Australia—placing much of the Greater Sunrise Field under its control.

Australia had sought a boundary aligned with its continental shelf, but East Timor argued the border should be located half way between it and Australia—placing much of the Greater Sunrise fields under its control.

The resource giants had said they were looking to sell 13 fields, licenses and associated infrastructure held in Australia's Gippsland Basin.

Production

The rig broke dirt after an issue free move to the horizontal lease.

The comments from Inpex come a month after the head of junior partner Total suggested possible delays ahead on Ichthys and hinted at further cost blowouts.

Floater Briefs For March 8

Australian gas explorer Comet Ridge Ltd. on March 6 upgraded its share of gas reserves at the Mahalo gas project in Queensland state, sending its shares up as much as 20% to an 8-year high.

Proposal would provide second import terminal for world’s No. 2 LNG exporter.

Subsea Engineering

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.

Technology

Facility and export pipeline were relatively undamaged in the recent earthquake, company says.

Australia's governing Liberal party has won a tight regional election in South Australia, a victory that could deal a blow to national renewable energy plans.

The Australian oil and gas sector is rebounding and is about to receive a further boost from government, Western Australian Premier Mark McGowan told the opening session of the Australasian Oil and Gas Exhibition and Conference (AOG) in Perth.

The Ngujima-Yin FPSO will be leaving station from the Vincent Field, located offshore of the state of Western Australia, from May for “modifications ahead of forecast Greater Enfield production” from the middle of 2019, a spokeswoman from majority stakeholder and operator Woodside told Reuters in an email.

Wood Plc has been awarded the brownfield engineering services contract for the INPEX-operated Ichthys offshore facilities, the company said on Feb. 20.