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China’s increased appetite for energy helped Australian LNG revenue grow 38% over the last year, according a recent report.
The company’s managing director, Stuart Nicholls, spoke with Hart Energy about its record-breaking Jaws-1 well and why it sets new horizons in Australia.
Australia’s largest oil and gas group lauds efforts of industry and government in alleviating fears of an energy shortage—for now.
At APPEA 2018, it was revealed that the country’s 2017 oil imports had cost AU$29 billion compared to AU$26 billion in LNG earnings.
Speaking at APPEA 2018 in Australia Nigel Hearne sought an unprecedented effort with majors Woodside and Shell to unlock stranded gas from the North West Shelf.
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.
Describing the find as “truly incredible,” junior joint venture partner Carnarvon said on Aug. 8 more oil had been found in the Dorado-1 well with the thickness of the oil column now measured at 132 m (433 ft). That was up from the 80 m (262 ft) indicated in a drilling update in July.
Reservoir quality exceeded pre-drill expectations and the appraisal well successfully intersected a gas-water contact in the Hedinia.
Carnarvon Petroleum Ltd. confirmed on July 24 that the Quadrant-Carnarvon joint venture (JV) has completed additional wireline evaluation since the last update.
Light oil has been recovered from excellent reservoir containing a gross hydrocarbon package of 96.1 m (315 ft) and a net pay thickness of 79.6 m (261 ft) in highly porous and permeable sands.
The Beehive 3-D seismic survey is being operated by Australian energy company Santos pursuant to an operations services agreement and is fully funded by French major Total (NYSE: TOT) and Santos.
Australia’s Woodside Petroleum Ltd. said on Aug. 15 that its first-half net profit rose 6% and it raised its 2018 production outlook after strong performances from its Wheatstone and Pluto LNG projects.
Wood has been awarded a contract by Woodside on Aug. 9 to support the execution of concept definition for the proposed Scarborough upstream development, offshore Western Australia.
Production has begun at an initial rate of about 2,000 barrels of oil per day (gross), Oil Search said.
Inpex said it now expects to start exporting products by the end of September, with condensate to be shipped first, then LNG and liquefied petroleum gas (LPG), nearly two years later than its initial target.
The contract covers the project management and engineering, transportation, installation and pre-commissioning of umbilicals and flying leads as well as manifolds.
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.
Floater Briefs For March 8
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.
Transocean Ltd. (NYSE:RIG) has lined up an 11-well contract for the ultra-deepwater semisubmersible GSF Development Driller I, the company said July 17.
Stoppage ordered after building sites were vandalized.
The agreement involves the provision of well project management services for Tamarind’s Tui Phase 3 drilling project in New Zealand’s North Island.
These technology solutions will enable a second development phase within the Greater Gorgon area offshore Australia, helping to maintain gas supply to the downstream LNG plant.
Pictures on PNG’s EMTV Online earlier this week showed burnt out heavy machinery and a fire burning in a shipping container at the site in Angore.