Technology Australia Exclusives

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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.

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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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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.

Australian E&Ps With US Focus Top The Charts

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.

Contracts Australia

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.

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.

Downhole Australia

Equipment Australia

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 Facility Sets Sail From S. Korea For Australia

Shell’s Prelude FLNG expected to begin operations in 2018.

Project is designed to ease possible gas shortage in Queensland.

Australia, offshore, equipment, subsea, technology, Wood Group, Woodside, Shell, PTTEP, Inpex, JIP

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.

Operations Australia

Stoppage ordered after building sites were vandalized.

U.S. private equity firm Lone Star is betting on two large unconventional gas projects in China that Austrailia's Sino Gas & Energy is developing.

Australian oil and gas explorer FAR Ltd on May 30 cut the estimated capital cost for the promising SNE oil project off Senegal by 33% to $2 billion.

Harbour Energy was forced to bid against itself five times until it made a final offer for Santos of $10.8 billion, up more than 50% from its first approach last August.

Australia’s Santos on May 22 ended talks with Harbour Energy and rejected the U.S.-based firm’s $10.8 billion takeover offer, saying it undervalued the oil and gas producer as oil prices surge.

People Australia

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.

Regulations Australia

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.