WorldOil Chevron boosts spending to $20 Billion, first increase since 2014 Chevron Corp. will hike spending by 9.3% next year to $20 billion, its first budget increase since 2014 as it expands investments in the Permian Basin and its Tengiz project in Kazakhstan. McDermott signs up Aqualis Offshore Aqualis Offshore has entered into a master services agreement with McDermott Asia Pacific Sdn Bhd to provide engineering reviews and marine warranty services for the company’s offshore operations in the Asia Pacific region. LNG import boom seen as no relief for Australian gas prices Plans in Australia to import gas to ease a supply squeeze may fail to bring down domestic prices as it pits the nation against some of the world’s biggest buyers for supplies. Fugro achieves significant cost savings through innovative ROV deployment technique Fugro says its innovative use of platform deployed ROV (PDROV) technology has demonstrated substantial reductions in the costs of subsea jacket inspections and significant operational improvements. ACCC clears way for Quadrant Energy acquisition Santos announced on 22 August 2018 the proposed acquisition of 100% of Quadrant Energy (Quadrant) for $2.15 billion, plus potential contingent payments. Santos Shell JV wins Queensland domestic gas acreage Santos is pleased to have been appointed as preferred tenderer to explore new acreage in Queensland’s key gas-producing Surat and Bowen Basins, in a 50-50 joint venture with Shell. Total signs MoU with Papua New Guinea for LNG project Total and its partners ExxonMobil and Oil Search have signed a Memorandum of Understanding (MoU) with the Independent State of Papua New Guinea defining the key terms of the gas agreement for the Papua LNG Project. Senex makes FID on natural gas projects in the Surat basin Senex Energy announced today that it has made Final Investment Decisions (FID) to develop two natural gas projects in the Surat basin. Service companies chase international boom as U.S. shale drilling moderates The biggest providers of oilfield services are surfing a wave of international spending on the back of higher prices, but the good news is tempered by an activity slowdown in their own back yard. ICON completes world's deepest CAN-ductor deployment and recovery The world's deepest installation of a CAN-ductor (Conductor Anchor Node suction pile with integrated conductor) well foundation has been completed after being successfully recovered from Woodside Energy's Ferrand-1 deepwater exploration well.