WorldOil Woodside cuts seismic processing time from weeks to hours with Amazon Web Services Woodside successfully executed a million-vCPU scale computing workload across three AWS regions in the United States, performing full-waveform inversion on 3,200 km2 of 3D seismic data from the Greater Sunrise gas resource, located offshore Timor-Leste. CGG supports Australia’s acreage release The industry-first basin-wide survey represents Phase II in CGG’s Gippsland ReGeneration reprocessing and acquisition project. Blocks V20-3 and V20-4 in the newly released Australian acreage are covered by the project. Technical snags and changing markets hamper Australia’s $200 billion LNG boom More than a year after the completion of a decade-long LNG construction boom, two of the seven marquee projects haven’t been able to work right, the nation’s east coast urban centers face an impending gas shortage blamed partly on exports, and the government is receiving relatively meager tax revenues from fuel sales. Australia’s energy future may hinge on Santos’ Narrabri gas project decision After a decade-long struggle pitting a mix of farmers, grandmothers and activists against oil producers and local and federal governments, a panel will decide by early next month whether to greenlight the A$3.6 billion ($2.6 billion) natural gas project. A key element of Australia’s LNG ambitions is up for grabs After more than three decades, the project that kick-started Australia’s push to become a liquefied natural gas powerhouse faces a shakeup. Chevron selling stake in Australian LNG project Chevron will start a sales process for its interest in the North West Shelf project in Australia, one of the nation’s first liquefied natural gas export ventures, after receiving a number of approaches from potential buyers. ConocoPhillips completes Australian asset sale to Santos Production associated with the assets being sold averaged approximately 46 Mboepd for the first three months of 2020, and proved reserves were approximately 17 MMboe at year-end 2019. Australia revamps climate fund to encourage Big Oil investment The government plans to revamp the A$2 billion ($1.3 billion) Climate Solutions Fund, after an independent report published Tuesday found that stronger action was needed for the country to meet its climate commitments under the Paris Agreement. Australia inks deal with U.S. for access to Strategic Petroleum Reserve Australia said it will sign a deal with the U.S. this week giving it access to crude oil from to America’s Strategic Petroleum Reserve during an emergency. Equinor decides against Great Australian Bight exploration Equinor ASA has dropped plans for oil drilling deep in the ocean off Australia’s south coast following a sustained campaign from environmentalists who said the project posed too big a risk to the marine ecosystem.