Despite positive drilling results in Zimbabwe, Invictus Energy ran into headwinds at its AGM, with shareholders opposing a number of resolutions and chairman Stuart Lake opting to leave.
Indonesia is seeking at least 27.4 trillion rupiah ($1.7 billion) in damages from PTT Exploration & Production (BKK:PTTEP) in a planned lawsuit next year over the Montara oil spill, even after the Thai company reached an initial settlement with farmers in the area.
Thailand’s PTT Exploration & Production (PTTEP) has concluded an out of court settlement with Indonesian seaweed farmers after agreeing to pay A$192.5 million (US$127.4 million) in compensation for the oil spill that resulted from the 2009 Montara blowout offshore Australia.
UK-listed Jadestone Energy (LON:JSE) has reported that the start-up of the company’s Montara Venture floating production storage and offloading (FPSO) vessel remains uncertain following oil leaks offshore Australia.
Buru Energy has hired Transborders Energy to study an innovative offshore LNG solution to export gas and condensate from its large Rafael discovery in the Canning basin onshore Australia.
Chevron (NYSE:CVX) is studying plans to sell greenhouse gas storage space in Australian underground reservoirs to polluters across Asia.
Australia’s government is considering action including a possible cap on the price gas producers can sell into the domestic market amid efforts to tame surging energy costs.
Woodside Energy and the Japan Bank for International Cooperation (JBIC) have signed a memorandum of understanding (MOU) aimed at securing a stable supply of energy for Japan and to assist in achieving its decarbonisation goals.
Following a lengthy trial, DOF Subsea Australia (DOF) have been convicted in the Magistrates Court of Western Australia of three counts of an employer negligently breaching its health and safety duties under the Offshore Petroleum and Greenhouse Gas Storage Act 2006, reported the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) on Tuesday.
Australia joined the Global Methane Pledge, becoming one of the last major developed economies to sign on to an effort to reduce emissions of the potent greenhouse gas 30% from 2020 levels by the end of this decade.
Citing a recent report from the International Energy Agency (IEA), the Australian Petroleum Production & Exploration Association (APPEA), notes that Australian exports of liquefied natural gas (LNG) to Asia would need to triple to support the region’s energy transition.
Fresh research from trade body RenewableUK shines a light on the massive growth in floating offshore wind projects in recent months.
EIG-backed MidOcean Energy has struck a deal to buy Tokyo Gas’ stakes in four Australian LNG projects, for $2.15 billion in cash.
Akastor subsidiary DDW Offshore has been awarded a firm one-year contract by Petrofac for the AHTS vessel Skandi Atlantic. The AHTS will support the disconnection of the FPSO Northern Endeavour together with towing and well isolations work in the Laminaria Corallina oil fields in the West Timor Sea.
The development of the Santos-led (ASX:STO) Barossa gas project offshore Australia that will backfill the Darwin liquefied natural gas (LNG) export plant could be delayed by up to two years after a Federal Court ordered the operator to stop drilling at the US$3.6 billion project on 21 September.
Santos has been ordered to stop drilling at its $3.6 billion Barossa gas project off northern Australia by a Federal Court following a successful challenge from an indigenous group against environmental approvals for drilling and completion activities.
Origin Energy will sell its interests in Australia’s Northern Territory Beetaloo basin - where expectations are high that the area could be on par with shale gas plays in North America – in a A$60 million (US$40.3 million) deal with Tamboran (B1), a joint venture owned by Tamboran Resources (ASK:TBN) and US oil and gas billionaire Bryan Sheffield.
Australia’s Woodside Energy has signed a joint research agreement with numerous Japanese partners to study the creation of a ammonia supply chain from Australia to Japan.
Indonesia-focused oil and gas company Conrad Asia Energy is preparing an initial public offering (IPO) on the Australia Stock Exchange to raise some A$45 million (US$30.3 million) as it seeks to develop its Indonesia upstream business.
Santos (ASX:STO) today confirmed that China’s ENN has ceased to be a substantial shareholder in the Australian-listed oil and gas producer.
US giant Chevron (NYSE:CVX) has confirmed that it has been granted stakes in three permits to potentially access carbon storage offshore Australia.
With some of the cheapest solar and wind costs in Asia Pacific, as well as virtually unlimited land resources, Australia has great potential to be a leading exporter of green hydrogen.
Australia says it’s doing what it can to ensure supplies of liquefied natural gas (LNG) to Asian customers will remain reliable, in response to concerns producers could be forced to redirect to relieve domestic shortfalls.
Australia’s Woodside Energy (ASX:WDS) will take up to 2.5 million tonnes per year of liquefied natural gas (LNG) exports from Commonwealth’s LNG export facility under development in Cameron Parish, Louisiana, after confirming a 20-year deal.
Australia’s Woodside Energy (ASX:WDS) will supply liquefied natural gas (LNG) from its global portfolio to Europe, including Germany, starting in January 2023 after signing a flexible long-term deal with Uniper.