Australasia
News
September 07, 2020
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.
News
August 06, 2020
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.
News
June 23, 2020
After more than three decades, the project that kick-started Australia’s push to become a liquefied natural gas powerhouse faces a shakeup.
News
June 18, 2020
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.
News
May 28, 2020
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.
News
May 19, 2020
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.
News
March 06, 2020
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.
News
February 25, 2020
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.
Article
January 2020
Considerable potential remains in this gas-prone region
News
December 13, 2019
CGG has completed JumpStart multi-client geoscience packages for the North West Shelf of Australia and the Banda Arc in the Asia-Pacific region.
News
November 29, 2019
Japan’s largest petroleum exploration company, Inpex Corp., is looking at expanding its natural gas business in Australia, even as U.S. energy majors Exxon Mobil and ConocoPhillips scale back their operations in the country.
News
November 18, 2019
The contract will see Expro continue to supply a high rate 175 MMscf/day well testing package, which will include enhanced electronic emergency shut down (ESD) systems.
News
October 28, 2019
Opening up a potentially huge shale gas region in Australia’s Northern Territory would increase the country’s already-hefty greenhouse gas emissions making it a “particularly dangerous” contributor to climate change, according to a new study.
News
October 14, 2019
Santos Ltd. agreed to buy ConocoPhillips’ northern Australia business for $1.4 billion in a deal that will boost the Adelaide-based oil and gas producer’s position in the growing Asian liquefied natural gas market.
News
October 08, 2019
SNC-Lavalin has been awarded a three-year provision of operations and maintenance workforce contract from Shell Australia for its QGC upstream asset located in Queensland, Eastern Australia.
News
October 08, 2019
Santos has announced that the initial flow test of the Caley reservoir from the Dorado-3 appraisal well has confirmed the main oil pool in the field is capable of producing flowrates at the higher end of pre-drill expectations.
News
October 02, 2019
EnerMech Australia has been awarded a five-year contract to provide specialist nitrogen and flange management services to a LNG facility in Central Queensland.
News
October 01, 2019
The program will utilize Polarcus’ Xarray multi-source acquisition system, a hybrid combination of towed streamers and ocean-bottom nodes.
News
September 26, 2019
Australia’s offshore petroleum regulator is due to decide by Nov. 14 whether to approve Equinor's plan to drill exploration wells in the Great Australian Bight. Environmentalists argue that it makes no sense to drill in the notoriously rough waters of a unique marine environment while fossil fuels are rapidly being eclipsed by renewable energy.
News
September 18, 2019
"We would expect interest to be strong from domestic players that wish to gain greater exposure to rising gas prices, of which there are a significant number," said Wood Mackenzie research director Angus Rodger.
Article
September 2019
Another mixed outlook awaits the E&P sector
