Australia ///

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.

Innovative installation technology potentially “punches above its weight class”

Art J. Schroeder, Jr., Safe Marine Transfer; Collin Gaskill, Trelleborg Offshore & Construction; Scott Draper, River Lab UWA

The technologies and techniques presented significantly reduce deepwater subsea equipment installation and recovery costs, reduce upfront capital equipment cost and facilitate optimized field development.

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.

Total's Ichthys LNG project begins gas exports

Total announces that the first cargo of liquefied natural gas (LNG) from Ichthys LNG has left Darwin, in the Northern Territory of Australia, following the production start-up at the end of July.

Shell's up next in $200-billion Australia LNG bonanza

Australia’s $200 billion LNG boom has a final debut in the works: Shell’s Prelude, floating 124 mi off its northwest coast.

Ichthys first LNG cargo is said possible as soon as this week

The Inpex Corp.-operated Ichthys LNG export project in northern Australia may load its first cargo as soon as this week.

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.

Santos plans to double its production by 2025

Santos today outlined its plans to grow production to more than 100 MMboe by 2025, almost doubling current levels of production.

Vitol-Cheniere pact shows long-term LNG deals aren't dead

Developers of LNG export terminals can breathe a sigh of relief: A supply boom hasn’t killed the long-term contracts that underpin the projects.

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.

TGS announces updates to Australian data library

TGS has announced that the purchase of the Capreolus 3D seismic survey from Polarcus has been completed.

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.

Allies in Australia's oldest LNG plant spar in race for new gas

After partnering for three decades at Australia’s oldest LNG export plant, Woodside and Chevron are competing to shape the next phase of the country’s gas development.