ExxonMobil believes its latest field development will likely be the largest domestic gas project for eastern Australia this decade after the $400 million West Barracouta project started up in the Gippsland basin.
Australia’s Santos plans to take a final investment decision (FID) on its proposed Moomba carbon capture and storage (CCS) project that it said would be among the largest in the world.
Australia’s Origin Energy is progressing its export-scale liquid hydrogen project after signing a memorandum of understanding (MOU) with the Port of Townsville to collaborate on the potential expansion of the port, as well as the development of a liquefaction facility, new berth and associated infrastructure.
Meg O’Neill, a leading candidate for the top job at Australia’s Woodside Petroleum, will act as interim chief executive from 20 April as current boss, Peter Coleman, steps down from the board on 19 April.
UK-listed Advance Energy has successfully raised the capital to acquire a 50% stake in the Buffalo project off East Timor. Drilling at the redevelopment project later this year is targeting a potential oil bonanza.
Santos chief executive Kevin Gallagher, reportedly one of the top candidates to replace Peter Coleman as Woodside chief executive later this year, has been offered a one-off, A$6 million ($4.5 million) “growth projects incentive” to see through the delivery of major developments at the Australian company until 2025.
Oil and gas producers will be subject to tougher liabilities and rules around decommissioning in Australia in an effort to prevent a repeat of the Northern Endeavour fiasco, which is expected to cost taxpayers over $190 million.
An Australian company says its “unique” technology could lead to oil and gas rigs in the UK North Sea being repurposed as key infrastructure for geothermal energy - a new renewables sector.
Rystad Energy estimates that Chevron, based on the gas reserves of its discovered fields in Australia, holds the top position in terms of non-producing assets, totalling 21 trillion cubic feet (Tcf), among the major upstream companies operating in the country.
East Timor is considering building a liquefied natural gas (LNG) import terminal and converting oil-fired power plants to gas in an effort to slash energy supply costs and cut greenhouse gas emissions. The move seems slightly ironic given the country advocated developing an LNG export complex for much of the past decade.
The rise of China’s mega-refineries was always going to make life tougher for their competitors across Asia. But the fallout from Covid-19 is hastening the impact and accelerating consolidation across the region.
Santos’ proposed offshore Barossa gas field development off Australia’s Northern Territory has the unfriendly tag of having more carbon dioxide than any gas currently made into liquefied natural gas (LNG), finds a new report from the Institute for Energy Economics and Financial Analysis (IEEFA).
Asia remains the world’s largest and fastest expanding energy demand centre. Significantly, regional investments in the transition towards a cleaner energy system have maintained pace during the coronavirus pandemic.
Santos has approved final investment for its $3.6 billion Barossa gas and condensate project off Australia’s Northern Territory that is targeting production in 2025. The go-ahead marks the biggest investment in Australia’s oil and gas sector since 2012.
Australian-listed producer Bass Oil is planning new development drilling at its onshore oilfields in south Sumatra as it seeks to double its output in Indonesia over 2022.
Australia’s Santos has awarded the biggest contract tied to its $3.6 billion Barossa liquefied natural gas (LNG) project in northern Australia that will backfill Darwin LNG. This offers a strong signal that a final approval for the scheme is imminent.
The Indonesian government has welcomed an Australian court ruling ordering Thailand’s PTT Exploration & Production (PTTEP) to pay compensation to Indonesian seaweed farmers following the 2009 Montara oil spill. The total bill could top more than $262 million.
Japan’s Sumitomo has plans to develop a significant hydrogen hub near one of Australia’s major liquefied natural gas (LNG) export complexes. Sumitomo and its Australian partners ultimately aim to start hydrogen exports by 2030.
Bass Oil is seeking Australian upstream acquisition opportunities, which are largely being ignored by the market amid the energy transition, to complement its increased activities in Indonesia.
Global energy consultancy Xodus Group has appointed a new late life and decommissioning lead in Asia-Pacific following a significant increase in activity in the region.
Aberdeen-headquartered EnerMech has been awarded a five-year contract extension with Chevron for oil and gas facilities in Western Australia.
More than A$50 billion ($40.5 billion) of necessary decommissioning work needs to be carried out on Australia’s offshore oil and gas infrastructure, over half of which must be started within the next ten years.
Santos said today that its largest shareholder had sold about one third of its stake worth A$785 million ($603.7 million) in the Australian gas producer. This ends a strategic relationship with ENN Group, which is one of the largest gas distributors in China.
Asia Pacific-focused Jadestone Energy is preparing to re-issue a tender for a floating production storage and offloading (FPSO) vessel for its planned gas development at Nam Du and U Minh off Vietnam.
Australia, Japan and Vietnam are leading the shift to renewable energy in Asia Pacific, according to the latest research from IHS Markit. Significantly, coal and gas power plants are also being built at a brisk pace as part of the energy mix across the region.