Australasia ///

Melbana Energy divests two offshore Australian exploration permits

Melbana Energy Limited has provided the following update on its non-core offshore Australian Exploration Permits AC/P50 and AC/P51 (Permits) (Melbana 55%1 and operator).

Santos announces acquisition of Quadrant Energy

Santos has announced that it will acquire 100% of Quadrant Energy for $2.15 billion.

Santos accelerates gas development in the Cooper basin with fourth rig

Santos has announced a fourth rig, the Ensign 965, has started operations in the Cooper basin, as the company continues its drive to produce more Australian natural gas to supply the east coast domestic market.

Wood wins contract for proposed Scarborough gas field development, offshore Western Australia

Wood has been awarded a new contract by Woodside to support the execution of concept definition for the proposed Scarborough upstream development, offshore Western Australia.

Santos reports significant natural gas resource at Barikewa-3, onshore PNG

Santos today announced the Barikewa-3 well, located in Papua New Guinea’s (PNG) onshore Forelands region, intersected 25 m of net gas pay within the Toro and Hedinia reservoir objectives.

Total starts producing at the Ichthys LNG project, offshore Australia

The Ichthys LNG Project reached a major milestone on July 27, with the opening of the first offshore production well, marking the start of 40 years of operations of this gas and condensate field.

TechnipFMC awarded subsea contract for Australia's Gorgon development

TechnipFMC has been awarded a subsea installation contract by Chevron Australia, for the Gorgon Stage Two development, located offshore Western Australia in water depths ranging from 250 to 1,340 m.

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.