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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.
The Australian Petroleum Production & Exploration Association (APPEA) said the report should encourage the immediate suspension of the hydraulic fracturing moratorium 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.
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.
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.
Wood Plc has been awarded the brownfield engineering services contract for the INPEX-operated Ichthys offshore facilities, the company said on Feb. 20.
AWE Ltd. on Feb. 5 recommended that shareholders accept a takeover bid from Japan’s Mitsui & Co. Ltd. after rival suitor Mineral Resources failed to match Mitsui’s offer within a specified time period.
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.
Australia’s challenges include a shortage of support services, vendors, and good proppant sand.
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.
Shell’s Prelude FLNG expected to begin operations in 2018.
Project is designed to ease possible gas shortage in Queensland.
The companies are part of a Wood Group-led joint industry project launched to eradicate the degradation of subsea equipment in shallow, warm waters offshore Australia.
The Geoholm vessel will be required to provide ROV and light construction support services to TechnipFMC in Australia for the Prelude FLNG water intake riser installation, a news release said.
Chevron will idle the second production unit at its Gorgon LNG project in May to carry out modifications already implemented at the other two units, a senior executive said April 30.
Oil and gas producer Santos Ltd. on April 19 reported a near 7% fall in first-quarter production as output from the Papua New Guinea LNG project fell after a powerful quake hit the region in February.
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.
Facility and export pipeline were relatively undamaged in the recent earthquake, company says.
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.
Comet Ridge Ltd. has appointed Peter Harding-Smith as its new CFO who will succeed Don Langdon, the company said in a statement on May 8.
Global miner BHP Billiton unveiled a board shakeup where controversial director Grant King will step down just six months after his appointment with the company amid oil investments concerns, BHP said on Aug. 23.
Grant King has led Origin since it peeled off from Boral Ltd. in 2000, and he headed the energy arm of Boral for six years before that, Reuters reported.
Cathal Smith became interim company secretary, effective immediately; he has been legal counsel and commercial manager for the last three years while he has been retained by the company.
Chevron promoted its deputy managing director in Australia Nigel Hearne to take over from long-time managing director Roy Krzywosinski, who will be moving to Houston as head of engineering in Chevron's Energy Technology Co.
Australia's NT commissioned an inquiry into the environmental, social and economic risks of fracking and on April 17 accepted the inquiry's conclusion that the risks were manageable.
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.
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.
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.