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.

ShaleTech: China, Australia shales

Jim Redden, Contributing Editor

High hopes, but results slim so far

OneSubsea wins FEED contract for Woodside’s Browse FLNG development

Woodside Energy and OneSubsea, a Cameron and Schlumberger company, announced Monday that OneSubsea has been awarded a front-end engineering and design (FEED) contract for the proposed Woodside-operated Browse FLNG Development offshore northwest Australia.

Quadrant Energy spuds Levitt-1 well offshore Western Australia

Karoon Gas Australia has commenced the high impact Levitt-1 exploration well in WA-482-P Carnarvon basin, offshore Western Australia.

Drydocks World delivers world’s largest turret mooring system

Drydocks World has marked a major milestone in successfully completing the world’s largest turret mooring system at Shell's Prelude FLNG off Australia.

Global Maritime Group bags mooring and rig move contract for Quadrant Energy

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 Quadrant Energy Ltd.

FEED phase entered for Browse FLNG development, Woodside says

Woodside, as a participant in the Browse FLNG Development, advised Wednesday that an agreement has been reached to enter the front-end engineering and design (FEED) phase for the proposed development.

Wood Group wins onshore pipeline work for Origin Energy

Wood Group has secured a $1-million contract with Origin Energy to provide detailed design engineering for the onshore pipelines related to the Halladale, Black Watch & Speculant (HBWS) Natural Gas Project in South West Victoria, Australia.

Origin Energy expects Chinese LNG buyer to fulfill contract

Origin Energy Ltd. expects China Petrochemical Corp. to fulfill its agreement to purchase liquefied natural gas from a A$24.7 billion ($19 billion) export project in Australia.