European gas prices slump as risk of Australian strike recedes
With inventories nearly full well before the start of the heating season and industrial demand subdued, the continent for now remains well supplied.
Australasia
Oil and Gas Australasia
Inpex, Total secure more gas for Ichthys exports
"This acquisition is also supported by the efforts undertaken with Inpex in the Bonaparte CCS Assessment joint venture to appraise the area’s potential for geological storage of CO2, in order to abate CO2 emissions from the Ichthys LNG project.”
Australian union flags safety concerns at Woodside platform
The OA said Woodside should be held to account for “running their facilities and their workforce into the ground. Clean your act up Woodside as the health and safety of our members and your 'Licence to Operate' depends on it.”
Wood wins Woodside extension, FEED work
Woodside also awarded Wood front-end engineering and design (FEED) work for the Goodwyn Alpha Low-Low Pressure project, off Western Australia.
Contractor woes at Waitsia drive Beach changes
Beach Energy has appointed a new CEO, Brett Woods, as it faces the fallout from challenges at its Waitsia project.
Australia’s Santos reports $2.5bn profit surge from higher oil and gas prices
Santos (ASX:STO) today announced its full-year results for 2022, reporting record free cash flow of US$3.6 billion and underlying profit jumping 160% to US$2.5 billion. The results reflect significantly higher oil and LNG prices compared to 2021, due to stronger global energy demand, combined with a higher interest in PNG LNG following its merger with Oil Search.
All Australasia Posts
AI breakthrough could save £10bn in North Sea decom costs
A breakthrough artificial intelligence (AI) project could save taxpayers and the offshore industry billions of pounds in oil and gas decommissioning costs.
Aberdeen’s Imrandd completes first contract for major Australian operator
Aberdeen-based consultancy Imrandd has expanded its global footprint after completing its first contract in Australia for a "major upstream operator".
Aberdeen’s CUT delivers major offshore decom project in Australia
Aberdeen-headquartered decommissioning firm Cutting Underwater Technologies (CUT) has completed a major offshore project in Western Australia (WA).
Woodside, climate group agree to end Scarborough gas challenge
Woodside Energy Group Ltd. and the Australian Conservation Foundation agreed to dismiss the latter’s challenge to the development of the $12.5 billion Scarborough natural gas field off Western Australia.
Shell hands Wood Aussie FLNG contract
Aberdeen-based engineering firm Wood has secured a contract with Shell for work on the Prelude floating liquified natural gas (FLNG) facility in Western Australia.
Australia backs $47 billion gas sector’s role in transition
Australia is calling for the development of new natural gas resources to ensure it remains affordable and the nation continues as a major exporter, the latest shift by the center-left Labor government toward greater support for the fossil fuel.
North Sea operator Hartshead Resources shares in trading halt
Australia-listed North Sea operator Hartshead Resources (ASX:HHR) has been placed into a trading halt at the company's request, pending an announcement.
New Well-Safe Solutions CCO looks to double rig count
Well-Safe currently runs three rigs - but Christopher Hay will be looking to "try and double that within the next five years".
Woodside investor calls for new directors with climate skills
An investor in Woodside Energy Group has urged Australia’s largest oil and gas producer to consider adding new directors with skills suited to climate-related challenges.
LNG demand will surge 50% in next decade, Woodside CEO says
Woodside Energy Group Ltd. (ASX:WDS), Australia’s top liquefied natural gas exporter, expects consumption of the fuel to rise 50% over the next decade, pushing the supplier to consider further expansions.
Jadestone signals interest in transformative Woodside deal
Should the purchase move ahead, Jadestone said, it would qualify as a reverse takeover. This would trigger a suspension of Jadestone shares on AIM.
Woodside and Santos end talks on $57 billion deal
Woodside Energy Group Ltd. (ASX:WDS) and smaller rival Santos Ltd. (ASX:STO) ended talks over a potential merger that would have created an Australian gas export powerhouse after the companies failed to agree on a valuation.
Aberdeen energy firms look Down Under for new opportunities
North East energy supply chain firms will look to emerging opportunities Down Under as the Aberdeen-Perth WA Gateway event returns to the Granite City on February 8.
Castorone off Scarborough work for at least a month
Saipem’s initial assessment attributed the problem to a software anomaly. This appeared to have led to a tensioner failing.
Saipem’s Castorone chalks up second accident in a month
The union went on to say Saipem's Castorone would have to return to Broome and probably be down manned.
Jadestone hits Montara, Stag snags but sees better times ahead
“As we said we would, we have worked hard to successfully grow the business away from Montara and to diversify into higher quality assets, and this is reflected in this year's guidance.”
Aberdeen’s Cutting Underwater Technologies toasts record year in 2023
Aberdeen's Cutting Underwater Technologies (CUT) has posted record revenue and project numbers in 2023.
Worley shares fall as it denies corruption, bribery allegations in Ecuador
Australian engineering firm Worley (ASX:WOR) has seen its shares fall at least 2.3% after it denied allegations of bribery and corrupt conduct in Ecuador.
Global offshore rig market could reach 96% utilisation in 2024
Westwood expects offshore rig dayrates to continue their upward trajectory across the board in 2024 as supply tightens.
Australia’s Finder Energy estimates 206 million boe at North Sea Boaz prospect
Australian oil and gas explorer Finder Energy (ASX:FDR) has outlined details of its Boaz gas prospect in the Central North Sea.
Woodside takes long view on LNG, with Asian demand in focus
“As the market has grown and evolved and become more sophisticated we’re no longer source specific and the customers are often no longer destination specific as well,” said O’Neill.
Deal-hungry Woodside CEO draws criticism in rush for growth
At one of Perth’s most affluent beach-side suburbs, police were already in wait on an early morning in August as climate campaigners arrived near the home of Woodside Energy Group's Chief Executive Officer Meg O’Neill.
Jadestone, union clash over negligence allegations
“During the generator testing, numerous safety devices appear to have been deliberately overridden by Jadestone, including heat detectors, flame detectors, and smoke detectors,” the OA said. No alarms went off because of the overridden sensors.
Australian oil and gas majors Santos and Woodside confirm £40bn merger talks
Australian oil and gas giants Santos (ASX: STO) and Woodside Energy (ASX: WDS) have confirmed ongoing discussions on a A$80 billion (£40bn) potential merger.
Australia’s Origin Energy rejects private equity offer
A representative for AustralianSuper told local media that Origin’s value was “better in the hands of members and other shareholders rather than a private equity consortium seeking to make a quick return based on the proposed scheme terms and we are pleased that this is the outcome”.