Australasia ///

Australia's LNG export deals face review amid gas crisis at home

Australia’s competition regulator said the possible sale of natural gas intended for the country’s domestic market to overseas customers instead must be reviewed amid high wholesale prices at home.

Queensland may expand land quarantine to fix local gas shortfall

The state of Queensland may expand the amount of land available for gas exploration to overcome looming gas shortages and high prices on the east coast of Australia.

Origin said to call for bids on oil, gas assets alongside IPO

Origin Energy Ltd., Australia’s largest electricity company, will formally seek bids for its conventional oil and gas assets while continuing preparations for an initial public offering of the unit, according to people with knowledge of the matter.

Sparrows Group secures lifting, rigging contract for Ichthys LNG project

Sparrows Group has secured a three-year contract to deliver fixed crane maintenance and lifting and rigging services for the INPEX-operated Ichthys liquefied natural gas (LNG) project in Australia.

EnerMech wins Technip Oceania pre-commissioning subcontract in Australia

EnerMech has been awarded a pre-commissioning subcontract by Technip Oceania Pty Ltd, part of TechnipFMC in Australia, on the Shell Australia-operated Prelude FLNG project.

Chevron ends LNG mega-project after $88-billion spree

Chevron Corp. has signaled the end of major new LNG projects in Western Australia and is unlikely to sanction an expansion of its Gorgon and Wheatstone export developments as it focuses on boosting returns from $88 billion of investment.

Senex accelerates Cooper basin gas production with grant funding

Senex Energy has today announced it will accelerate the delivery of gas from its Vanessa field in the Cooper basin with the approval of $5.82 million in funding through the South Australian Government’s PACE Gas Grant Program.

Australia's Turnbull wins promise of more gas from energy majors

Oil and gas executives have pledged to boost domestic gas production in Australia as Prime Minister Malcolm Turnbull seeks to bridge a supply shortfall threatening the nation’s energy security.

Asia's U.S. LNG fever going cold as buyers seek supply swaps

More Asian LNG buyers are trying to avoid taking the U.S. supplies they signed up for just a few years ago in order to cut shipping costs.

Gas firms locked in legal spats as $200-billion spree sours

After splurging $200 billion building the world’s biggest gas export plants, producers in Australia are now locked in legal battles with contractors over who should shoulder billions of dollars in liabilities sparked by delays and cost blow-outs.

Papua New Guinea grasps at its own gas as LNG exports surge

Less than three years after it began sending one of its most precious resources overseas, Papua New Guinea’s future may be determined by how much of it stays at home.

Polarcus secures additional backlog in Australia, West Africa

Polarcus Limited has announced that the company has finalized a contract for 3D marine seismic acquisition in Australia. The program will deliver a broadband data-set utilizing one of the company's Polarcus X-bow vessels operating under the Polarcus Explore Green environmental agenda.

iSURVEY Singapore awarded contract with Solstad Offshore

Following two years of successful operations, iSURVEY Pte Ltd, Singapore, has again been awarded a marine construction survey support contract with Solstad Offshore Asia-Pacific for works onboard the DLB Norce Endeavour.

Subsea 7 awarded contract for Cooper Energy's Sole project, offshore Australia

Subsea 7 S.A. has announced the award of a sizeable contract by Cooper Energy Ltd. for the Sole Development Project, offshore Australia.

Cooper Energy reaches final stage of Sole Gas Project field development plan

Cooper Energy announces the Sole Gas Project has now advanced to the final stage before commitment.

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.