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
Transerv Energy work at Warro-6 delayed by metal object
Transerv Energy said four days of work was lost at its Warro-6 well after a metal object was accidently dropped down the hole.
Empryean Energy agrees deal $61.5m deal for Sugarloaf development
Empyrean Energy said it has entered into a conditional sale and purchase agreement with Carrier Energy Partners to dispose of its interest in the Sugarloaf development. The deal is for an initial cash consideration of $61.5million and the company may also receive a contingent consideration of around $10million.
Altona set to receive coal-to-liquids investment from Sino-Aus
Altona Energy said it expects to finally receive the £500,000 it had agreed with the Sino-Aus Energy for its coal-to-liquids joint venture by February 5 after complex regulatory requirements are processed.
Neptue lands Chevron diving contract
Diving specialist Neptune been awarded a marine maintenance diving contract by Chevron in Australia for various natural gas assets in Western Australia.
Drillsearch shareholders set to approve takeover, AFR reports
Shareholders of Drillsearch Energy Ltd. look set to approve a A$384million ($266million) takeover of the Cooper Basin oil and gas producer in Australia by Beach Energy Ltd. later this month, the Australian Financial Review reported.
Buru Energy hits pay at Ungani well
Buru Energy said it has identified a five metre sandstone interval at the Ungani Far West 1 well in North Western Australia. The company said an oil sample was recovered with interpretation of pressure data indicating a potential oil column of at least 14 metres with around five metres of net pay. A sampling program is continuing with results expected to be on going.
Mosman issues review notice for South Taranaki deal
Mosman Oil and Gas has issued a review notice to Origin Energy over the acquisition of the South Taranaki licence in New Zealand after the Brent oil price benchmark dropped below $40 per barrel.
AWE moves forward with Waitsia gas project
Australian oil and gas explorer AWE has taken the final investment decision to develop Stage 1A of the Waitsia gas field project, located onshore in the Perth Basin in Western Australia.
Carnarvon’s Roc-1 well yields encouraging results
Carnarvon Petroleum has confirmed condensate rich gas has been recovered from the Roc-1 well offshore western Australia.
Clough Amec wins ConocoPhillips contract in Timor Sea
The joint venture between Clough and AMEC has been awarded a three-year contract by ConocoPhillips to provide asset support, operations and maintenance services to the Bayu-Undan offshore field development, located in the Timor Sea, north of Australia.
Woodside makes oil find in emerging Myanmar
Woodside Petroleum confirmed a viable oil find for its exploration campaign in Myanmar.
Mosman gets extension in Amadeus Basin
Mosman Oil and Gas has received a 12 month suspension and extension approval for its EP145 project in the Amadeus Basin in Australia.
Oilex files defence papers as legal dispute with Zeta continues
Oilex has filed its defence in Australia's Federal Court proceedings initiated by Zeta Resources.
Shell and CNOOC agree to expand petrochemical complex in China
Shell and its joint venture, China National Offshore Oil Corporation CNOOC,have agreed to expand its petrochemical complex in China.
BG assumes full control at Australian LNG plant
BG Group has begun commercial operations from the second train at its Queensland Curtis LNG plant in Australia, assuming full control of the facilities in the process.
Mosman waiting for rubber stamp on New Zealand project
Australasian focused exploration firm Mosman said it expects its acquisition of the South Taranaki Energy Project (STEP) in New Zealand to complete early next year with the only outstanding matter being Government approval.
Transerv’s Australian gas field is double size previously thought
Australia's Transerv Energy has revealed its Warro onshore gas field is more than twice the size it initially thought.
Falcon moves ahead with Australian shale play
Falcon Oil and Gas has reported good progress with the first horizontal well drilled in the Beetaloo basin shale play in Australia.
Cue Energy signs rig deal for onshore stake
Cue Energy Resources (CUE) has confirmed a rig deal for its onshore Indonesian exploration push.
BG Group makes $1.7bn vote of confidence in Australian natural gas
BG Group has approved A$1.7billion natural gas development in Australia.
Mosman gets new funding as it aims for NZ production
Mosman, the Australasia focussed oil exploration and development company, raised an additional £1.47million from US investors as it seeks to bring 12 low cost assets to production on its South Taranaki Energy Project (Step) assets in New Zealand.
Terra Nova signs up Senex for Australian drilling programme
Terra Nova Energy has engaged Senex Energy to drill the Baikal #1 well onshore Australia.
Santos rejects $5.5billion takeover bid by Scepter
Australian energy giant Santos, has rejected a $5.5billion takeover bid by fund managers Scepter, which represents Middle Eastern and Asian royals.
Falcon brings forward Australian horizontal drilling programme
Falcon Oil and Gas is to bring forward horizontal drilling by a year following a successful second drilling programme in Australia’s Beetaloo shale basin.
Santos to reduce headcount by 200 as it aims for $73million savings
Australian oil and gas producer Santos has revealed it will reduce its headcount by around 200, or 6% of its staff, as it looks for A$100million ($73million) in additional savings to ride out weak oil prices.