Exclusives

China’s increased appetite for energy helped Australian LNG revenue grow 38% over the last year, according a recent report.

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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.

Gas Production Efforts Stabilize Australia’s Energy Supply Crisis

Australia’s largest oil and gas group lauds efforts of industry and government in alleviating fears of an energy shortage—for now.

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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.

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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.

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

Woodside Petroleum Ltd. on Oct. 18 said it was aiming to bring forward the target date for approving the Browse gas project off northwest Australia by a year to 2020.

Australia's Woodside Petroleum Ltd. on Oct. 18 reported around a 25% jump in third-quarter revenue, underpinned by rising output at the Wheatstone LNG project and higher oil and LNG prices.

Santos Ltd. on Oct. 18 achieved its debt target over a year ahead of plan, tightened its 2018 production guidance upward and reported a 22.7% jump in third-quarter revenue from a year earlier.

The Quadrant takeover gives Santos a business that is the leading supplier of gas into the Western Australian market with strong and stable cash flows.

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.

Production

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.

Reservoir quality exceeded pre-drill expectations and the appraisal well successfully intersected a gas-water contact in the Hedinia.

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.

Subsea Engineering

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.

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.

Technology

Chris Newton has been appointed chairman of Tap Oil, effective immediately, the company said Oct. 15.

The contract covers the project management and engineering, transportation, installation and pre-commissioning of umbilicals and flying leads as well as manifolds.

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.