Exclusives

Inquiry finds that hydraulic fracturing could be safely managed in the Northern Territory.

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.

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.

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.

BP, Woodside, gas, offshore, Trinidad, Australia, Persephone, Juniper

The latest startups mean BP has brought five of its seven major 2017 projects onstream.

Completion

APPEA, Western Australia, Labor Party, Fracking, Ban, Australia

A ban on fracking by the Western Australia Labor Party would hold until it was shown that fracking doesn't compromise the environment, groundwater, public health or contribute adversely to climate change.

The largest problem facing hydraulic stimulation in Australia is Earth stresses—a rarely regarded problem.

Drilling

Chevron Corp. (NYSE: CVX) will proceed with the second stage of its giant Gorgon LNG export plant off the northwest coast of Western Australia, the company said on April 14.

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

Australian Worldwide Exploration Ltd. said that preliminary analysis of wireline log and pressure data from the Waitsia-4 appraisal well has confirmed the eastern extension of the Waitsia gas field.

Gas supply has become a hot issue following blackouts and brownouts in Australia's eastern states over the past year, and as growth in LNG exports has led to soaring gas prices for manufacturers, Reuters reported.

natural gas, LNG, South Australia, Senex, Beach, Strike, Santos, energy

Beach Energy, Santos, Strike and Senex have been named recipients of AU$24 million in grants from the South Australian government.

Field Development

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.

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.

Woodside said on Feb. 14 it had agreed to pay $744 million for ExxonMobil Corp.’s 50% stake in the Scarborough Field, a project that has been stuck on the drawing board for nearly 40 years due to factors including its remote, deepwater location.

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.

Senex Energy Ltd. has received environmental authority from the Queensland government to develop the Western Surat Gas Project, the company said on Dec. 8.