Australia’s Carnarvon Petroleum is one step closer to seeing what BHP and Nexen left behind at the historic Buffalo field offshore East Timor. An exploration well is set to be drilled in late 2021 following the completion of a farm-out deal with UK-listed Advance Energy.
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.
Investors are in the dark about the financial implications of emissions from Woodside Petroleum’s proposed Scarborough liquefied natural gas (LNG) development at the North West Shelf offshore Western Australia, according to the Institute for Energy Economics and Financial Analysis (IEEFA)
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.
The Argos platform for the BP-operated $9 billion Mad Dog 2 project has arrived in the US after completing its 16,000-mile journey from South Korea.
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.
BHP Group on Tuesday said it sees a clear opportunity in oil and gas to enjoy strong returns over the medium term and is ready to seek counter-cyclical deals in a world where many energy companies have cut back on exploration and new projects.
TechnipFMC’s independent engineering consultancy Genesis Oil and Gas Consultants is expanding and dividing its business, separating its oil and gas business from its energy transition and diversified services.
DecomWorld – part of Reuters Events- today announced the confirmation of over 30 international E&P delegations to attend their 12th Annual D&A Summit (March 31 – 1 April, Houston).
DecomWorld – part of Reuters Events- today announced the global E&P delegations already confirmed to attend their 2020 Decommissioning and Abandonment Summit along with an international operator speaker faculty
BP is facing a charge of between $2bn and $3bn (£2.3bn) in the third quarter as its divestment programme will conclude sooner than expected.
One of BHP's biggest investors has warned the company must pull out of industry lobbying groups or face damage to its reputation on climate change.
Oil and gas activity is beginning to return to the Gulf of Mexico this week after Hurricane Barry swept through the region and up into Louisiana.
Oil firm Serica Energy today completed the acquisition of stakes in three North Sea fields from energy giant BP.
Oil firm Serica Energy has announced a second deal in two days for stakes in the Bruce and Keith fields in the UK North Sea.
Australian-headquartered firm BHP has revealed the largest purpose-built artificial reef in the Southern Hemisphere off Exmouth in Western Australia.
Aberdeen-based TEMS international has been awarded a £1million contract with US explorer Murphy Oil.
Shell and private equity firm Blackstone have agreed to make a joint takeover bid for the US shale division of BHP, the world's biggest miner, a news report said.
North-east energy service firm Proserv said yesterday it had won £3million-worth of contracts in the Asia Pacific region.
Woodside Petroleum Ltd. may look to funnel gas from the Scarborough field off Western Australia to one of its existing liquefied natural gas plants after agreeing to a $400 million deal to buy half of BHP Billiton Ltd.’s stake in the remote offshore resource.
BHP Billiton Ltd. (BHP), the biggest overseas investor in US shale, will cut the number of its rigs there by about 40% as plunging petroleum prices add to concerns about lower iron ore earnings. Drilling and development spending on US onshore oil and gas fell to $1.9 billion in the six months to December 31 from $2.1 billion a year ago, the Melbourne-based company said today in a statement. BHP will cut the number of active rigs to 16 from 26 by July, it said. Brent crude, a benchmark for more than half of the world’s oil, declined 48 percent last year as increasing output in the US contributed to a global glut.