Australia ///

AWE looking for new CEO as Bruce Clement prepares to step down

Bruce Clement, managing director and CEO of AWE Ltd., will step down during 2016 after five and a half years in the role. The company has commenced a search for a new CEO.

Ichthys LNG project floats world’s largest semisubmersible, INPEX says

The INPEX-operated Ichthys LNG project launched its central processing facility (CPF) on Sept. 19 from the offshore floating dock at the Samsung Heavy Industries shipyard in Geoje, South Korea, where it is being constructed.

Gladstone LNG starts production on schedule, Santos says

The Gladstone LNG (GLNG) project has started producing its first liquefied natural gas on Curtis Island, Queensland, on schedule and within budget, Adelaide, Australia-based Santos announced Thursday.

OneSubsea wins FEED contract for Greater Enfield Area Development

OneSubsea, a Cameron and Schlumberger company, has been awarded a front-end engineering and design (FEED) contract for the Greater Enfield Area Development offshore northwest Australia.

Peak Well Systems extends SIMPLUS Retrievable Bridge Plug range

Peak Well Systems has extended its range of V3 validation grade SIMPLUS plugs with the addition of a new 7” Retrievable Bridge Plug to cover 23# - 26# tube casing.

INPEX delays start, raises capacity of Ichthys LNG project

INPEX Corporation has updated the expected production start-up schedule and raised the anticipated production capacity of the Ichthys LNG project, which it is currently developing as operator alongside its project partners.

Woodside Petroleum offers A$11.65 billion for Oil Search

Woodside Petroleum Ltd., Australia’s second-largest oil and gas producer, made a A$11.65 billion ($8.1 billion) share-based preliminary takeover bid for Oil Search Ltd. in a deal that would increase its exposure to Papua New Guinea.

CIS installs directional conductors offshore Australia

Conductor Installation Services (CIS), an Acteon company that provides hammer services to install conductors and drive piles, has successfully installed directional conductors to form the basis of two new production wells as part of a major project offshore Australia.

Energy companies cheaper than assets after rout, Oil Search says

Oil and gas companies are looking more attractive to buy than individual assets following the plunge in share prices, according to Oil Search Ltd., Exxon Mobil Corp.’s partner in Papua New Guinea.

Oil’s slump claims another casualty as Santos CEO steps down

Oil’s collapse claimed its next victim.

Shale pioneer McClendon seeks Australian drilling right

U.S. shale gas explorer Aubrey McClendon is negotiating a $100 million acquisition of Australian drilling rights in a move that marks the former Chesapeake Energy Corp. chief’s first move overseas.

Origin Energy falls to lowest since 2008 after posting loss

Origin Energy Ltd. plunged to the lowest intraday price in seven years after posting a full-year loss on asset writedowns and accelerating cost cuts amid a decline in crude prices.

More oil pain needed before energy deals seen picking up

It may take another quarter of weakening oil prices before energy companies start selling assets, according to Australia’s Woodside Petroleum Ltd.

Woodside first-half profit slumps 39% after oil price plunge

Woodside Petroleum, Australia’s second- largest oil and gas producer, posted a 39% decline in first-half profit following the slide in crude prices.

National Energy Board grants export licence to Bear Head LNG

The Directors of Liquefied Natural Gas Ltd. have announced that Canada's National Energy Board (NEB) has granted Bear Head LNG Corporation and Bear Head LNG (U.S.) authorization to export liquefied natural gas (LNG) from Bear Head LNG's project site on the Strait of Canso in Nova Scotia.

Quadrant Energy drills dry well offshore Western Australia

Karoon Gas Australia has announced that the Levitt-1 exploration well in WA-482-P Carnarvon basin, offshore Western Australia encountered no hydrocarbons.

Wood Group awarded FEED contract from Woodside

Wood Group has secured a new contract to carry out front-end engineering and design (FEED) for the Woodside operated proposed Browse Floating Liquefied Natural Gas (FLNG) Development, offshore Western Australia.

Woodside sales slide 47% as gas trades near five-year low

Woodside Petroleum Ltd.’s sales fell by almost half in the second quarter amid falling energy prices and lower output of LNG.

Global Maritime Group awarded mooring contract for Woodside

Global Maritime Deep Sea Mooring has been awarded a contract for the provision of mooring and rig positioning services to the Australian oil and gas company Woodside.

Subsea 7 wins emergency pipeline repair contracts offshore Australia

Subsea 7 has been awarded four contracts, by Chevron Australia Pty Ltd and INPEX Operations Australia Pty Ltd, for the engineering, procurement and construction of an emergency pipeline repair system (EPRS) to be used offshore Australia.