Australia ///

Ennsub completes sealing work on Wheatstone LNG platform

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 kicks off 2D survey offshore Western 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 cuts U.S. shale spending as oil to iron ore prices slide

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.

Chevron signs five-year LNG supply agreement with South Korea

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.

Exxon to add third train to PNG LNG Project

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.

Oil trades near $50 after capping first weekly gain in two months

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.

Oil heads for longest weekly losing streak since 1986 amid glut

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.

Polarcus starts survey offshore Western Australia

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.

Oil drops below $45 as U.S. stockpiles seen worsening collapse

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.

Woodside inks LNG MoU with India's Adani Enterprises

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.

Oil falls as Goldman cuts outlook while Venezuela seeks recovery

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.

PNOC-EC to farm-in into SC55 block; Otto seeks partners for Hawkeye-1

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.

EMAS bags $150 million contract for Apache’s Julimar Development Project

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).

LNG from BG Group's QCLNG project heading to Singapore

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.

Magnolia LNG signs technical services agreement with KBR

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.

GE utilizes its technology for QCLNG's first ever large scale production of LNG from CSG

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.

Halliburton celebrates opening of new South Australian base

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.

BG starts LNG shipments from $20 billion QCLNG project

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.

Hess signs LOI with North West Shelf to liquefy Equus gas

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).

Lion Energy to join forces with PSC holders for North Sumatra basin exploration

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.