Australia ///

Buru Energy spuds Olympic 1 exploration well in Western Australia

Buru Energy has commenced its extensive 2015 exploration drilling program with the spudding of the Olympic 1 conventional oil well located southeast of Broome in Western Australia.

BG takes full operational control of Queensland Curtis LNG in Australia

BG Group announced Thursday that operational control of Train 1 at its Queensland Curtis LNG plant has been formally transferred to QGC, BG Group's Australian subsidiary, from Bechtel Australia, which constructed the facility.

BP plans to sell part of its stake in Australian oil venture

BP Plc plans to sell part of its oil project off southern Australia, before an exploration campaign that’s slated to start late next year at a cost of more than $800 million (A$1 billion).

BHP lowers priority of Australian LNG project with Exxon

BHP Billiton Ltd. is lowering the priority of its Scarborough liquefied natural gas project with Exxon Mobil Corp. in Australia amid a fall in prices and increasing competition from the U.S.

Wood Group Kenny supports industry leading oil spill containment project

Wood Group Kenny (WGK) has secured a five-year contract with Oil Spill Response (Capping) Ltd. (OSRCL) to provide the maintenance support for a key part of a containment toolkit that would be used to control hydrocarbon release in the event of a subsea well control incident.

Apache, Inpex produce first oil from Australia's Coniston field

Inpex Corporation, through its wholly owned subsidiary Inpex Alpha, Ltd., has commenced oil production from the Coniston oil field, offshore Western Australia on Sunday.

WorleyParsons cuts 2,000 jobs on falling oil prices

WorleyParsons Ltd., Australia’s largest oil services business, said second-half earnings will fall about 50% from the first half as it cuts 2,000 jobs and reduces work due to falling commodity prices.

Barbados, BHP Billiton sign offshore exploration licences

The Government of Barbados and BHP Billiton have signed exploration licences for two offshore blocks, Carlisle Bay and Bimshire.

BP’s deepwater oil hunt off Australia evokes Gulf disaster fears

Five years after the Gulf of Mexico oil spill poured millions of barrels of crude into the sea, BP is being challenged over its hunt for oil in the pristine waters off southern Australia.

BP’s Australian drilling to start later than expected in 2016

BP expects to start drilling an untapped oil frontier off the coast of southern Australia later than it had estimated, citing the potential for a delay in the delivery of the rig.

Polarcus marks halfway point on Capreolus survey

Polarcus has reached the 50% completion milestone in the acquisition of the Capreolus 3D multi-client project, the largest single 3D survey ever acquired offshore Australia, the company announced Monday.

Delmar Systems installs new spooling unit in Karratha, Western Australia

Delmar Systems has installed a new 170 mT state-of-the-art spooling unit at its equipment yard in Karratha, Western Australia, to support mooring-related operations.

Inpex awards Ichthys LNG contract to Petrofac

Petrofac has been awarded an Integrity and Maintenance Program Development contract by Inpex for the Ichthys LNG Project.

Apache Corp. sells Australian operations for $2.1 billion

Apache Corporation has signed an agreement to sell its Australian subsidiary Apache Energy Limited to a consortium of private equity funds managed by Macquarie Capital Group Limited and Brookfield Asset Management for cash payment of $2.1 billion.

Buying BG gives Shell solution to stranded Australian gas assets

Royal Dutch Shell is seeking an outlet for its natural gas reserves in Australia’s Queensland state. Its $70 billion purchase of BG Group provides a solution.

Woodside hits gas offshore Western Australia

Woodside Petroleum's Pyxis-1 exploration well, in production license WA-34-L, has intersected approximately 18.5 m of net gas within its Jurassic sandstone target, the company announced Wednesday.

Polarcus expands Capreolus 3D Project offshore Australia

Polarcus has secured further industry prefunding, enabling the expansion of its Capreolus 3D project northward, the Dubai-based company announced last week.

Apache completes sale of Wheatstone LNG to Woodside

Apache Corp. announced Thursday that it had completed the sale of the Wheatstone LNG project and accompanying upstream oil and gas reserves to Australia's Woodside Petroleum for total proceeds of $2.817 billion.

Chevron pulls out of Australian gas project with Beach Energy

Chevron Corp. withdrew from a natural gas exploration venture in central Australia, as the second-biggest U.S. energy producer curtails spending.

Global Maritime Deep Sea Mooring signs winches deal with GMO

Global Maritime Deep Sea Mooring unit has announced a $770,000 million (AU$ 1 million) investment with local manufacturer Green Monster Offshore (GMO) for two state-of-the art remote operated spooling winches to support offshore pre-lay mooring operations.