Ennsub has successfully completed the design, manufacture, testing and installation of bespoke sealing systems for the Wheatstone LNG platform off the coast of Australia.
Spectrum has started the first phase of its 11,000 km Rocket Multi-Client 2D seismic survey in the South Carnarvon, and North Perth basins, offshore Western Australia. This first phase comprises 4,200 km, and the survey has received strong support from industry.
BHP Billiton, the biggest overseas investor in U.S. shale, will cut the number of its rigs there by about 40% as plunging petroleum prices add to concerns about lower iron ore earnings.
SAN RAMON, California -- Chevron's Australian subsidiaries have signed a binding sales and purchase agreement with SK LNG Trading, part of a leading industrial conglomerate in South Korea. SK will receive 4.15 MMt of LNG over a five-year period starting in 2017.
IRVING, Texas -- Exxon Mobil Corp., as operator of the PNG LNG Project and of PRL 3, has signed a Memorandum of Understanding (MoU) with the PNG government with respect to the expansion of the PNG LNG Project.
MELBOURNE (Bloomberg) -- Oil traded near $50 after capping its first weekly gain in two months as investors weigh rising OPEC output against speculation supply from outside the group will slow.
MELBOURNE (Bloomberg) -- Oil headed for the longest run of weekly declines since March 1986 as OPEC forecast weaker demand for its crude, adding to signs that a global supply glut that spurred last year’s price collapse may persist.
DUBAI -- Seismic acquisition has now commenced on the major new Polarcus Capreolus 3D multi-client project over the Phoenix area that contains the recent Phoenix South-1 oil discovery within the Roebuck basin, offshore Western Australia. The survey is utilizing two high performance 12-streamer Polarcus vessels, Polarcus Amani and Polarcus Asima, operating in tandem in order to maximize production.
MELBOURNE and LONDON (Bloomberg) -- Oil extended losses to trade below $45/bbl amid speculation that U.S. crude stockpiles will increase, exacerbating a global supply glut that’s driven prices to the lowest in more than five and a half years.
AHMEDABAD, India -- Woodside has executed a Memorandum of Understanding (MoU) with Adani Enterprises Ltd. The MoU was signed at a ceremony in Gujarat, attended by senior company representatives and Australia’s Minister for Trade and Investment.
MELBOURNE and LONDON (Bloomberg) -- Oil extended losses from the lowest level in more than five and a half years as Goldman Sachs Group reduced its price forecasts and Venezuela called on OPEC producers to work together to spur a recovery.
WEST PERTH, Australia -- Otto Energy has announced that PNOC Exploration Company (PNOC-EC) has expressed an interest in farming into SC55 for a 15% working interest.
SINGAPORE -- EMAS AMC, a subsea services division of Ezra Holdings, has secured a subsea construction contract with Apache Energy in Australia valued in excess of approximately $105 million (A$130 million).
LONDON (Bloomberg) -- The first tanker to ship LNG from BG Group Plc’s $20.4 billion project on Australia’s east coast is sailing to Singapore where it will dock Jan. 15. The Methane Rita Andrea, owned by the London-based company, is carrying a cargo that will help meet the annual 3 million metric tons of LNG that the Energy Market Authority, the regulator in the Asian city-state, agreed in 2008 to import over 10 years from BG.
WEST PERTH, Australia -- Liquefied Natural Gas is pleased to advise that its wholly owned subsidiary, Magnolia LNG (MLNG), has executed a Technical Services Agreement (TSA) with KBR to undertake cost verification and provide other services supporting MLNG project delivery.
BRISBANE, Australia -- GE Oil & Gas has played a pivotal role in the global LNG industry with its systems used in the first ever large-scale production of LNG from Coal Seam Gas (CSG) at BG Group’s Queensland Curtis LNG (QCLNG) plant on Curtis Island.
REGENCY PARK, South Australia -- Halliburton officially opened a new base at Regency Park, South Australia, to service its customers in the state’s growing energy sector.
READING, United Kingdom -- BG Group has been loading the first cargo of LNG from its Queensland Curtis LNG (QCLNG) facility since 28 Dec., the company said in a statement. The vessel being loaded is the Methane Rita Andrea. The second cargo of LNG from the facility will be loaded onto the Methane Mickie Harper, which is expected in Gladstone in the first week of January.
NEW YORK -- Hess Exploration Australia, an Australian subsidiary of Hess Corporation has signed a non-binding Letter of Intent (LOI) with the North West Shelf (NWS).
WEST PERTH, Australia -- Lion Energy will join forces with conventional PSC holders Bukit Energy and New Zealand Oil & Gas to jointly explore an area within the prolific North Sumatra basin.