Parkmead takes £33m hit as it gives up on Perth project
Energy firm Parkmead Group (LON: PMG) has given up on a North Sea project containing some 55 million barrels of recoverable oil equivalent (MMBoe).
Perth
Question mark over Beach’s LNG deal with BP as wells disappoint
Australia’s Beach Energy (ASX:BPT) has significantly cut estimated gas reserves at its LNG export project near Perth, Western Australia, by 11% following the Waitsia Stage 2 drilling campaign. BP (LON:BP) has an agreement to offtake the liquefied natural gas (LNG) volumes, which could be in doubt if the geology does not stack up as expected.
FIDs predicted in 2023 for large untapped UK oil and gas fields
Investment decisions could be on the way for Perth, Bentley and Bressay in the North Sea, alongside West of Shetland giants.
Return for event linking global energy hubs in Scotland and Australia
A much-anticipated business event linking key global hubs in Scotland and Australia will return to Aberdeen for the fifth time next week.
McDermott wins Pre-FEED deal for Woodside’s proposed H2Perth project
McDermott International has been awarded a pre-front-end engineering design (Pre-FEED) contract from Woodside Energy (ASX:WDS) for the proposed H2Perth project in Western Australia.
Big gas discovery bodes well for Australia’s Perth basin
Australian junior Norwest Energy (ASX:NEW) recently announced a large gas discovery in the onshore Perth basin in Australia. The news bolsters recent analysis from consultancy Rystad Energy that suggests conditions are ripe for a significant development opportunity, with the basin potentially emerging as a key source of gas supply in Western Australia.
EnerMech lands Chevron Australia deal
Aberdeen-headquartered EnerMech has been awarded a five-year contract extension with Chevron for oil and gas facilities in Western Australia.
More than a dozen North Sea projects face red light due to oil price plummet
More than a dozen UK North Sea projects are facing deferral in light of the oil price drop, an analyst has predicted.
Spark Exploration targets deal on billion-barrel West of Shetland licences
Australia-based Spark Exploration is aiming to find partners in the first half of this year for its West of Shetland licences, which potentially contain north of a billion barrels of oil.
Trac back on track
Trac Oil and Gas’ boss believes the time is right to revisit the firm’s international expansion plans after getting off to a false start several years ago.
Scottish and Australian hubs to the fore during upcoming event
Exploring business links between key energy hubs in Scotland and Australia will be the focus of a business event taking place in Aberdeen next week.
New era for specialist Perth oil drilling firm
A Perth-based extended reach drilling company has moved to an employee ownership model as it looks to drive growth and take advantage of an improving oil and gas market.
Parkmead increases its stake in major North Sea oil project
Parkmead has continued its North Sea acquisition campaign, increasing its stake in a major North Sea oil project.
Total signs understanding with Koreans to develop LNG market
Total has signed a memorandum of understanding with Korea Gas Corporation (KOGAS) during the LNG 18 conference in Perth, Australia.
Wood Group Kenny wins $6million Woodside contract
Wood Group has won a new contract to carry out front end engineering and design (FEED) work for the proposed Woodside Browse Floating Liquefied Natural Gas (FLNG) development. The 12 month contract for the project offshore Western Australia, is worth $6million and will be carried out by Wood Group Kenny (WGK). The company will perform all design engineering for the insulated production flowline system required for the assets offshore gas-condensate fields from their offices in Perth. The three assets – Brecknock, Calliance and Torosa – are 300km from the Kimberley coast.