Australasia ///

Petrofac awarded well project management contract on New Zealand's North Island

Petrofac's Engineering and Production Services business has strengthened its presence in Australasia following the award of a Well Project Management contract from Tamarind Taranki Ltd (Tamarind).

Maersk Drilling awarded contract extension by Brunei Shell Petroleum

Maersk Drilling has been awarded a contract extension for the jackup rig Maersk Convincer by Brunei Shell Petroleum (BSP).

BHGE awarded subsea, well completions contracts for Australia's Gorgon project

Baker Hughes, a GE company has been awarded a substantial contract from Chevron Australia Pty Ltd. for the supply of subsea production equipment, under a 15-year Master Service Order (MSO), with a second contract for well completion equipment.

Santos, Conoco award FEED contracts for Barossa project, offshore Australia

Santos announced further progress on the front end engineering and design (FEED) phase of the Barossa offshore project with the award of three major engineering contracts.

Searcher Seismic completes 3D reprocessing project offshore Papua New Guinea

Searcher Seismic has announced the expansion of its modern, high-quality and exploration focused seismic, magnetic and geochemical focused production offerings offshore Papua New Guinea with the completion of the Laurabada UltracubeTM 3D reprocessing project.

New Zealand's suspension of offshore licensing unlikely to have immediate effect, says GlobalData

In April 2018, the New Zealand government announced that it would no longer grant new offshore oil and gas exploration permits. According to leading data and analytics company GlobalData, the suspension of new offshore licensing is unlikely to have an immediate impact on the oil or gas sector, but does signal the possibility of increased restrictions in the future.

Santos announces final investment decision on Arcadia project in Australia

Santos and its GLNG Partners will invest more than A$400 million in the 137-well Arcadia gas project in the Bowen basin, in Queensland’s Central Highlands region.

Tiny Pacific island nation battles oil giant for LNG profits

The tiny, impoverished nation of Papua New Guinea came out on the short end of a $19-billion development with ExxonMobil Corp. to build one of Asia-Pacific’s biggest energy projects. But as the company pushes to expand the venture, the government is vowing that round two may require a much bigger payday for the locals.

Santos rejects $10.9-billion Harbour offer as too low, too risky

Santos Ltd. rejected Harbour Energy Ltd.’s $10.9-billion final offer and terminated talks, saying its proposal was too low and too risky.

Harbour Energy sweetens Santos offer, bidding $10.9 billion

Harbour Energy Ltd. made a final sweetened bid of $10.9 billion for Santos Ltd., claiming support from the Australian oil and gas producer’s biggest shareholders.

UIL Energy upgrades prospective resources at Walyering field in Australia

The Directors of UIL Energy Ltd. have announced the progress achieved at Walyering gas field, located in the southern part of EP447, in Australia's Perth basin.

Australia's "spaghetti junction" prompts teamwork to cut costs

The energy industry in Australia, looking back on an era of waste and profligacy, is now preaching the gospel of thrift and collaboration as it tries to attract more investment in an age of fiscal discipline.

Gas giants swap roles as biggest buyer turns to Australia

The gas market is being flipped upside down.

Santos announces Barossa FEED decision that could double production in Northern Australia

Santos has announced that agreement has been reached with our joint venture partners to enter the front-end engineering and design (FEED) phase for the development of the Barossa project to backfill Darwin LNG (DLNG).

New Zealand draws "line in the sand" with exploration ban

New Zealand will stop granting offshore oil and gas exploration permits, saying it is committed to playing its part in tackling climate change.

ExxonMobil reports 84% increase in P’nyang resource, potential expansion in PNG

ExxonMobil Corp. today announced that the size of the natural gas resource at P’nyang field in Papua New Guinea has increased to 4.36 Tcf of gas, an 84% increase from a previous assessment completed in 2012.

Woodside completes Scarborough acquisition

Woodside advises that the acquisition of ExxonMobil’s interest in Scarborough gas field has been completed. The effective date of the transaction is Jan. 1, 2018.

Singapore's non-oil exports slide the most since 2016

Singapore’s non-oil domestic exports slumped the most since October 2016, signaling growth risks to one of Asia’s most trade-dependent economies.

Government policy crucial for future of upstream sector in Southeast Asia, says GlobalData

As the upstream sector recovers from the 2014 oil price crash and resulting budget cuts, a number of Southeast Asian governments are adapting policies in the sector in the hope of capturing a share of new investment, according to GlobalData, a leading data and analytics company.

Shell sells New Zealand interests to OMV for $578 million

Royal Dutch Shell plc (Shell), reached an agreement today to sell its shares in Shell entities in New Zealand, to OMV for $578 million.