- Free Downloads
A legislative move designed to shore up energy supplies will be triggered only when a shortage has been identified and will apply to export operations, Matt Canavan said.
Beach Energy, Santos, Strike and Senex have been named recipients of AU$24 million in grants from the South Australian government.
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.
Australia-based, but Alaska-focused 88 Energy was Australian Stock Index star as the country’s oil and gas sector climbed out of a very deep hole.
Some industry observers have likened the basin to the Haynesville Shale in Louisiana, where production peaked at 100 billion cubic feet per day.
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.
Beach Energy Ltd. has entered into binding agreements with Cue Exploration Pty. Ltd. to acquire equity in North West Shelf exploration permits WA-359-P and WA-409-P in the Carnarvon Basin, offshore Western Australia.
The MSA will be delivered by a JV between Clough, Amec Foster Wheeler and China Petroleum Engineering.
The contract scope includes the subsea tieback of the Sole well to the Orbost Gas Plant. This includes the fabrication and installation of 64 km of pipeline, spool and manifold, plus installation of a 64-km umbilical and the commissioning of the system, Subsea 7 said in the release.
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.
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.
GE Oil & Gas (NYSE:GE) has started production of four HP/HT dynamic flexible risers destined for the world’s largest floating liquefied natural gas (FLNG) facility, Prelude, to be operated by Shell offshore Western Australia, GE said in a news release.
The central processing facility, understood to be the world’s largest semisubmersible, was officially launched from the offshore floating dock at the Samsung Heavy Industries shipyard in Geoje, South Korea, where it has been under construction since 2013.
AWE's board unanimously recommended Mineral Resources' offer, which topped a A$442 million, A$0.73 a share, bid from China Energy Reserve and Chemicals Group.
Australian-based AWE Ltd. has commenced flow testing of its Waitsia-3 well to further appraise the conventional Waitsia gas discovery, the company said on Oct. 23.
Australia's top oil and gas industry group said Chevron's decision reflected the tough conditions in the oil market which has led oil companies to slash spending.
The deal will triple Beach’s oil and gas reserves, transforming a company valued at A$1.5 billion (US$1.2 billion) that has long been focused on one basin in central Australia to give it a foothold across Australia and New Zealand, onshore and offshore.
Australia’s biggest independent oil and gas producer said production fell to 20.7 million barrels of oil equivalent (MMboe) in the second quarter from 22.2 MMboe in the same quarter last year.
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.
David Evans has a bachelor’s degree from the University of London, a postgraduate diploma from Oxford Brookes University in the U.K. and a master’s degree from the University of Canberra in Australia.
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.
The pause on fracking freezes more than A$380 million in investment in new onshore projects, said Stedman Ellis, COO of Australian Petroleum Production and Exploration Association WA.
Major oil and gas producers and the Australian Petroleum Production and Exploration Association were all vehemently opposed to changes to the tax regime, Reuters reported.
Chevron said it was disappointed by the judgment in the case, which covers the five tax years from 2004 through 2008.
Australia's deputy prime minister said he would support lifting bans on coal seam gas (CSG) drilling if landowners were given a bigger slice of royalties, a significant policy shift as the country scrambles to avoid a looming energy crisis.