Australasia ///

Santos, Exxon Mobil report positive results at Muruk 1ST3 well in Papua New Guinea

Santos today announced positive production well test results from the Muruk 1ST3 exploration well in the Papua New Guinea (PNG) Highlands.

Wood Group awarded contract for Greater Western Flank 2 in Australia

Wood Group has secured a $6-million contract with Woodside to support the execution of phase two of their Greater Western Flank (GWF-2) project, on the North West Shelf (NWS), offshore Western Australia.

Statoil revises exploration program in Great Australian Bight

Statoil has signed a swap agreement with BP and has been granted regulatory approval to take over two exploration permits and extend its work program in the Great Australian Bight.

TechnipFMC awarded three-year well intervention contract in Australia

TechnipFMC has entered into a three-year frame agreement with Woodside Energy in Australia for Riserless Light Well Intervention (RLWI) and subsea services, including intervention, installation, and plug and abandonment services.

Callawonga-14 well is cased and suspended as future oil producer, Cooper Energy says

Cooper Energy has announced that Callawonga-14, an appraisal and development well drilled by the PEL 92 Joint Venture in PPL 220, has been cased and suspended as a future oil producer.

Chevron's $54-billion LNG plant in Australia hits new snag

Chevron’s Gorgon liquefied natural gas plant shut a production train for about a month, at least the eighth outage since operations started 14 months ago.

Gas export boom loser may win from Australia supply crunch

Missing out on Australia’s natural gas export boom may be the best thing that happened to Arrow Energy Ltd.

Santos announces positive results from Muruk-1 exploration well in Papua New Guinea

Santos has announced further positive results from the Muruk-1 exploration well, being drilled in the Papua New Guinea Highlands.

Origin Energy increases interest in prospective Beetaloo JV to 70%

Origin Energy Limited has announced it had increased to 70% its share in the Beetaloo JV, after acquiring Sasol Petroleum Australia Limited’s 35% share.

Australia's LNG export deals face review amid gas crisis at home

Australia’s competition regulator said the possible sale of natural gas intended for the country’s domestic market to overseas customers instead must be reviewed amid high wholesale prices at home.

Queensland may expand land quarantine to fix local gas shortfall

The state of Queensland may expand the amount of land available for gas exploration to overcome looming gas shortages and high prices on the east coast of Australia.

Origin said to call for bids on oil, gas assets alongside IPO

Origin Energy Ltd., Australia’s largest electricity company, will formally seek bids for its conventional oil and gas assets while continuing preparations for an initial public offering of the unit, according to people with knowledge of the matter.

Sparrows Group secures lifting, rigging contract for Ichthys LNG project

Sparrows Group has secured a three-year contract to deliver fixed crane maintenance and lifting and rigging services for the INPEX-operated Ichthys liquefied natural gas (LNG) project in Australia.

EnerMech wins Technip Oceania pre-commissioning subcontract in Australia

EnerMech has been awarded a pre-commissioning subcontract by Technip Oceania Pty Ltd, part of TechnipFMC in Australia, on the Shell Australia-operated Prelude FLNG project.

Chevron ends LNG mega-project after $88-billion spree

Chevron Corp. has signaled the end of major new LNG projects in Western Australia and is unlikely to sanction an expansion of its Gorgon and Wheatstone export developments as it focuses on boosting returns from $88 billion of investment.

Senex accelerates Cooper basin gas production with grant funding

Senex Energy has today announced it will accelerate the delivery of gas from its Vanessa field in the Cooper basin with the approval of $5.82 million in funding through the South Australian Government’s PACE Gas Grant Program.

Australia's Turnbull wins promise of more gas from energy majors

Oil and gas executives have pledged to boost domestic gas production in Australia as Prime Minister Malcolm Turnbull seeks to bridge a supply shortfall threatening the nation’s energy security.

Asia's U.S. LNG fever going cold as buyers seek supply swaps

More Asian LNG buyers are trying to avoid taking the U.S. supplies they signed up for just a few years ago in order to cut shipping costs.

Gas firms locked in legal spats as $200-billion spree sours

After splurging $200 billion building the world’s biggest gas export plants, producers in Australia are now locked in legal battles with contractors over who should shoulder billions of dollars in liabilities sparked by delays and cost blow-outs.

Papua New Guinea grasps at its own gas as LNG exports surge

Less than three years after it began sending one of its most precious resources overseas, Papua New Guinea’s future may be determined by how much of it stays at home.