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
It’s a ‘once-in-a-cycle’ opportunity, says Woodside Petroleum
Woodside chief executive Peter Coleman said his company’s $8.2billion bid for Oil Search was a ‘once-in-a-cycle’ opportunity.
Strike’s gas project achieves record production
Strike Energy said production in its Southern Cooper Basin Gas project in Australia was significantly higher than previously achieved.
Transerv says gas field could be bigger than expected
Transerv Energy has revealed that its Warro onshore gas field in Western Australia could be bigger than first thought.
OneSubsea wins Woodside contract for Greater Enfield in Australia
OneSubsea - the Cameron and Schlumberger company - has been awarded a front-end engineering and design (FEED) contract for the Greater Enfield Area Development offshore northwest Australia.
Mosman raises £1.5million for New Zealand project
Mosman, the New Zealand and Australia focussed oil exploration and development company, has raised £1.5 million to progress the acquisition of a proposed 70% interest in the South Taranaki Energy Project (STEP) assets in New Zealand.
Songa Offshore settles with Australian tax office
Drilling contractor Songa Offshore has settled with the Australian taxation office by paying A$1.2million.
CEB Resources creates beach head to Indonesian gas and power markets
CEB Resources has agreed with PT Akar Golindo (PTAG) to assess the technical and commercial prospects for gas production in Indonesia creating a beach head into the the country's gas and power markets
3D Oil pushes back on Sea Lion spud
3D Oil has blamed bad weather for the delay in drilling the Sea Lion-1 exploration well offshore Australia.
InterOil begins Antelope drilling in New Guinea
InterOil has started drilling on a side-track well at the Antelope-4 site, as part of its appraisal campaign on the Elk–Antelope gas field in Papua New Guinea.
Tap Oil results show importance of Manora
Australian oil producer Tap Oil's $24.4million of exploration write downs has led to the company reporting a loss of $17.4million in its half year results.
Big Oil’s flight draws US risk takers to Australian shale
Aubrey McClendon, the wildcatter who pioneered the US shale revolution by going where big oil companies wouldn’t, is at it again. This time in Australia.
Transerv spuds key test wells in massive Australian gas play
Work has begun on two test wells that could unlock Australia's biggest undeveloped onshore gas field .
Tap appoints new company secretary
Australian producer Tap Oil has appointed Michele Ryan as its new company secretary and general counsel.
Beach secures Cooper Basin permit
Beach Energy has bought a 40% operating interest in the highly prospective oil producing ATP 1056 permit in Queensland, Australia from AGL Cooper Basin, a subsidiary of AGL Energy, for $850,000.
Strike makes progress at Cooper Basin
Strike Energy has successfully completed operations for its three Klebb wells at its Southern Cooper Basin gas project in Australia.
Red Emperor makes progress in Philippines
Red Emperor Resources has said the Hawkeye-1 exploration well in Palawin Basin in the Philippines has been performing well since being spud at the end of July.
BAM Clough secures Woodside marine services contract
Woodside Energy has awarded the joint venture BAM Clough the marine installation services contract for the Karratha gas plant life extension integrated marine campaign project in Western Australia.
Total takes over New Guinea LNG project
Total has completed the transfer of operations of the Papua LNG Project in New Guinea from national operator Oil Search.
Philippine San Miguel unit seeks $400 mln from banks to build power plant
Philippine conglomerate San Miguel Corp's energy subsidiary is borrowing $400 million from banks to finance the construction of a power plant north of the capital, IFR reported on Wednesday. SMC Global Power Holdings Corp mandated DBS Bank, Mizuho Bank and Standard Chartered for a $400 million, seven-year loan for the construction of a 300-megawatt coal-fired power plant in Bataan province, said IFR, a Thomson Reuters publication.
Global Maritime Group awarded mooring contract for Woodside
Global Maritime has been awarded a contract to provide mooring and rig positioning services to the Australian oil and gas company Woodside.
Roxi makes exploration gains in Central Asia
Kazakhstan focused oil and gas firm Roxi Petroleum has made a second find associated with its flagship BNG asset. Core samples and logging in the second well have revealed a potentially oil bearing interval starting from 4,536 meters and extending 100 meters. It’s located approximately eight kilometres from the first deep well and is being drilled by Sinopec, the Chinese multinational, at a fixed cost of $11 million.
GE signs first deal after Australia passes clean-energy target
General Electric Co. agreed to help develop a A$450 million ($348 million) wind farm in Australia, spurred by parliament’s approval of a new renewable energy target. GE will supply turbines to the 240-megawatt Ararat wind farm in the state of Victoria that’s being developed with partners including Renewable Energy Systems Ltd., according to a statement from the companies. The development is expected to become the nation’s third-largest wind farm.
AWE Limited reaches total depth at Waitsia well
AWE Limited has reached total depth at the Waitsia-1 appraisal well in the Perth Basin, Western Australia. The company said the Holmwood Shale was intersected at 3,490metres and total depth was achieved 17metres into the Holmwood Shale. Wireline logs will be run over a number of intervals, including the Dongara and Kingia Sandstones.
ITF leads collaboration into tropical cyclone forecasting in Australia
Global energy companies have joined forces to fund new research which aims to improve offshore safety in Northern Australia by researching tropical cyclone forecasting. ITF (The Industry Technology Facilitator) has led the collaboration to secure funding for the two-year $3.2million project. It will be carried out by the Australian Bureau of Meteorology and includes companies such as Chevron, Shell and Woodside.
Shell delays drilling of Australian well
Shell has delayed drilling of a $100million-plus exploration well off Australia’s north-west coast. The Shell Cronus-1 well had been due to start drilling in the Browse Basin but has been delayed until later in the year. It comes after a number of wells were also deferred including Japan’s Inpex Corporation and Santos, while a number of other companies have sought modifications to terms.