Australasia ///

Wood Group launches next phase of industry collaboration into subsea equipment reliability

Wood Group announced that it is commencing the next phase of a collaborative industry effort to develop a better understanding of the reliability of subsea equipment for use in offshore Australia.

Senex Energy sanctions $50-million investment in Australia's Western Surat gas project

Senex Energy Limited has sanctioned its first major investment in the Western Surat gas project, committing $50 million to a 30 well drilling campaign, with gas production of around ~0.6 MMboe expected by mid-2018.

Oil Search weighs plans for further LNG expansion via possible Exxon, Total deal

On the jungle-covered hills of southern Papua New Guinea, 62-year-old geologist Peter Botten is seeking to engineer a $5-billion deal that would cement the country’s emerging status as one of the world’s most lucrative gas exporters.

AWE divests interest in New Zealand's Tui fields

AWE Limited has entered into an agreement to sell the company’s 57.5% interest in the Tui area oil fields to Tamarind Management Sdn Bhd, subject to customary consents from the New Zealand Government and Tui Joint Venture.

ICON Engineering and ENRA Group form JV for Asian wellhead platforms, marginal facility developments

ICON Engineering Pty Ltd, headquartered in Perth, and Malaysian-based ENRA Group Berhad have announced the formation of a jointly owned incorporated Joint Venture, ENRA ICON Sdn Bhd, based in Kuala Lumpur, to target undeveloped Asian oil and gas fields using ICON’s range of minimal facility, wellhead platforms and self-installing production facilities.

TAG Oil expands oil and gas operations into Australia

International oil and gas production company TAG Oil Ltd. has announced that the Company’s wholly owned Australian subsidiary, Cypress Petroleum Pty Ltd., has closed the purchase of 100% interest in Petroleum Lease (PL) 17 from privately held Southern Cross Petroleum & Exploration Pty Ltd.

TechnipFMC receives well intervention work from INPEX in Australia

A subsidiary of TechnipFMC has entered into an agreement with INPEX Operations Australia for Riserless Light Well Intervention (RLWI) services in Ichthys field, approximately 220 km offshore Western Australia, for the Ichthys LNG Project.

CGG, Searcher commence Carnarvon basin seismic project

Searcher Seismic, in conjunction with project partner CGG, has commenced the PSDM reprocessing of ~1,668 km2 of 3D seismic data in the Carnarvon basin, Western Australia.

Asia-Pacific’s upstream holds M&A opportunities worth $40 billion

Asia-Pacific's upstream sector holds up to $40 billion worth of opportunities in 2017 as oil majors continue to divest mature and mid-life assets in the region, according to a research by Wood Mackenzie.

Exxon Mobil, Oil Search in Papua New Guinea gas find

Exxon Mobil has reported a new natural gas discovery in the Papua New Guinea North Highlands, 13 miles (21 kilometers) northwest of Hides gas field.

Exxon foe says bigger InterOil offer still isn’t good enough

Exxon Mobil Corp.’s offer to raise its bid for InterOil Corp. to as high as $3.9 billion isn’t enough to pacify the deal’s most prominent opponent. Exxon Mobil Corp.’s offer to raise its bid for InterOil Corp. to as high as $3.9 billion isn’t enough to pacify the deal’s most prominent opponent.

Technip awarded engineering and project management services contract

Technip has been awarded an engineering and project management services contract by Shell Australia. This contract will provide multi-disciplinary engineering and design services in support of the Prelude FLNG project, and will allow the delivery of brownfield engineering scope as the project moves into operations.

EnerMech secures first Subsea 7 contract in Australian market

EnerMech has been awarded its first contract by Subsea 7 in the Australian oil and gas market.

CHC to provide additional aircraft for Shell’s Prelude development

CHC Group has announced that three new Sikorsky S-92 aircraft will begin serving Shell for the company’s Prelude FLNG project from its base in Broome, Australia.

Subsea 7 awarded surf contract, offshore Australia

Subsea 7 S.A. announced the award of a sizeable contract by Woodside Energy Ltd for the Greater Western Flank Phase 2 Project, offshore Australia. The Greater Western Flank is located on the North West Shelf of Australia, 60 km southwest of the Goodwyn Alpha (GWA) platform. The contract scope comprises the subsea tie-back of adjacent fields to the GWA platform, including the installation of manifolds, umbilicals and spool pieces, together with the pre-commissioning of the system.

OMV shuts in Maari field after crack found in platform strut

OMV New Zealand, the operator of Maari oil field, has ceased oil production and is de-manning the Maari wellhead platform (WHP) as a precautionary measure while it deals with a crack found in one of the platform’s horizontal struts.

Beach Energy spuds Penneshaw-1 in South Australia

Beach Energy Limited and Cooper Energy Limited have announced that Penneshaw-1, an oil exploration well located in PR L 87 on the western flank of the Cooper basin, South Australia, spudded on Tuesday, Nov. 22, 2016 at 00:15 hours.

Veolia to supply water treatment system module for Woodside FPSO

Veolia has been awarded a multi-million dollar contract for the supply of the customized water flood water treatment system on the Ngujima-Yin Floating Production Storage and Offloading (FPSO) facility that will operate in Woodside’s Greater Enfield Area Development fields, offshore northwest Australia.

Woodside, BHP Billiton complete Scarborough asset deal

Woodside has completed its acquisition of half of BHP Billiton’s Scarborough area assets in the Carnarvon basin, located offshore Western Australia.

Santos quarterly sales rise 11% on production boost, LNG volumes

Santos, the Australian oil and gas company, reported an 11% rise in third-quarter sales due to a boost in production.