Australia ///

CGG kicks off Davros survey in Northern Carnarvon basin

CGG has started acquiring the Davros 3D BroadSeis and BroadSource multi-client survey in the Northern Carnarvon basin on the North West Shelf of Western Australia.

Otto Energy to farm-in with 15% stake in SC55; hires Maersk Venturer drillship

PERTH, Australia -- Otto Energy Philippines, a subsidiary of Otto Energy, has signed a farm-in agreement with Red Emperor Resources to earn a 15% working interest in SC55, offshore the Philippines.

McDermott and Petrofac form strategic alliance to pursue SURF projects

McDermott International and Petrofac have formed a strategic marketing alliance to pursue top-tier deepwater subsea, umbilical, riser and flowline (SURF) projects.

Inpex bags exploration blocks offshore Western Australia

INPEX's subsidiary, INPEX Browse has been awarded exploration permits for release areas WA-513-P and WA-514-P.

AGSL bags contract by oil and gas supermajor in Australia

Asset Guardian Solutions Ltd. (AGSL), which specialises in protecting companies’ process critical software assets, has secured a deal with an oil and gas supermajor in Perth, Western Australia.

OEG buys West Australian oilfield services providers

Two West Australian-based oilfield services providers have been purchased by global offshore equipment firm OEG Offshore.

Australian LNG output cuts seen long term amid gas shortage

A shortage of coal-seam gas, needed to feed about $60 billion of export projects in eastern Australia, may prompt the developers to reduce shipments in the long term, according to Credit Suisse Group.

Deep Sea Supply bags PSV contracts for Sea Brasil, Sea Frost

LIMASSOL,Cyprus -- Deep Sea Supply has agreed on a one year firm plus one year options contract with Petrobras for the PSV Sea Brasil for operations in Brazil.

Subsea 7 bags contract from Woodside Energy offshore Australia

Subsea 7 has been awarded a contract by Woodside Energy for the Persephone Work Pack 2 fabrication, subsea installation and diving services project, offshore Australia.

Australia Pacific LNG’s first gas reaches Curtis Island

GLADSTONE, Queensland -- Australia Pacific LNG announced Wednesday that it had reached a significant milestone with the arrival of first gas from its coal seam gas fields in the Surat basin to its LNG facility on Curtis Island, near Gladstone, Queensland.

Tap Oil ends farm-in to offshore Otway basin

Tap Oil has advised WHL Energy that it has elected not to exercise its option to acquire 10% interest in exploration permit Vic/P67 in the offshore Otway basin.

Otto Marine bags two PSV charter contracts worth $64 million

Otto Marine has secured two long term charter contracts for two PSVs to an oil major in Australia.

WGK wins FEED contract for Woodside’s GWF-2 development

Wood Group Kenny (WGK) has secured a contract with Woodside to provide the FEED of the flowline system, and associated procurement support, for the proposed Greater Western Flank Phase 2 (GWF-2) development for the North West Shelf Project, offshore Western Australia.

Inpex kicks off Ichthys LNG development drilling campaign

Inpex Corp. announced Wednesday that the Inpex-operated Ichthys LNG Project had started drilling at the Ichthys gas-condensate field, about 200 km off the Western Australian coast.

Asia Pacific set for renewed interest in exploration, Wood Mackenzie says

The fall in oil prices has set the tone for a challenging 2015, says Wood Mackenzie, which will affect E&P activity across Asia Pacific’s (APAC) entire upstream sector.

Searcher Seismic announces 2015 GroupSeis campaign

Searcher Seismic in conjunction with project partner, BGP, has announced the 2015 GroupSeis campaign over the North West Shelf, Western Australia.

Ennsub completes sealing work on Wheatstone LNG platform

Ennsub has successfully completed the design, manufacture, testing and installation of bespoke sealing systems for the Wheatstone LNG platform off the coast of Australia.

Spectrum kicks off 2D survey offshore Western Australia

Spectrum has started the first phase of its 11,000 km Rocket Multi-Client 2D seismic survey in the South Carnarvon, and North Perth basins, offshore Western Australia. This first phase comprises 4,200 km, and the survey has received strong support from industry.

BHP cuts U.S. shale spending as oil to iron ore prices slide

BHP Billiton, the biggest overseas investor in U.S. shale, will cut the number of its rigs there by about 40% as plunging petroleum prices add to concerns about lower iron ore earnings.

Chevron signs five-year LNG supply agreement with South Korea

SAN RAMON, California -- Chevron's Australian subsidiaries have signed a binding sales and purchase agreement with SK LNG Trading, part of a leading industrial conglomerate in South Korea. SK will receive 4.15 MMt of LNG over a five-year period starting in 2017.