Australia ///

CGG completes Phase 1 processing for Davros multi-client survey in northern Carnarvon basin

CGG announced today that the final pre-stack depth-migrated data for Phase 1 of its Davros 3D BroadSeis and BroadSource multi-client survey in the northern Carnarvon basin on the North West Shelf of Western Australia is available now.

Ichthys LNG project reaches milestone with startup of offshore power generators

The INPEX-led Ichthys LNG project has reached a key milestone with both its central processing facility (CPF) and FPSO facility safely starting up their main power generators in the South Korean shipyards where they are being constructed.

Bengal Energy announces discovery in Australia

Bengal Energy has announced that the first four wells of the Cuisinier 2016 five well drilling campaign have been cased as future oil producers in the Murta horizon.

Origin Energy’s new CEO to focus on cutting $6.8-billion debt

Frank Calabria, who was named Friday as Origin Energy Ltd.’s new CEO, said he’ll focus on paying down a A$9-billion ($6.8-billion) debt pile and consider more asset sales when he takes over from Grant King next month.

Emerson awarded contract for Shell’s Prelude FLNG facility

Shell Australia has chosen Emerson to provide automation maintenance and reliability services for Shell’s Prelude FLNG facility.

Woodside eyes LNG boost after $400-million gas deal with BHP

Woodside Petroleum may look to funnel gas from Scarborough field off Western Australia to one of its existing LNG plants after agreeing to a $400-million deal to buy half of BHP Billiton Ltd.’s stake in the remote offshore resource.

New partnership challenges coal seam gas water reduction methods

Zilift, a developer of permanent magnet technologies for artificial lift applications, has signed an agreement with Auscoil, an oilfield services solutions provider for the Australian Coal Seam Gas (CSG) industry.

Woodside sees lower LNG prices as buyers push contract changes

Woodside Petroleum Ltd. expects lower LNG prices as it renegotiates short-term contracts and says buyers across Asia will increasingly resist deals that restrict the reselling of the super-cooled fuel.

Cooper Energy recommences drilling with Callawonga-12 in South Australia

Cooper Energy Limited has announced the recommencement of drilling by the PEL 92 joint venture with the spudding of Callawonga-12, an oil development and appraisal well located in PPL 220 on the western flank of the Cooper basin, South Australia.

Australia LNG export boom nips Santos amid gas pinch at home

After spending billions of dollars constructing a world-class LNG export project in Australia, Santos Ltd. has found itself short of gas.

Gas glut upends global trade flows as buyers find leverage

The market for LNG is about to attract more players and more trading as new supply from the U.S. and Australia strengthens buyers’ bargaining power.

Santos flags $1-billion Gladstone LNG charge on gas supply

Santos Ltd. will take a $1.05-billion writedown on the value of its Gladstone LNG project due to rising prices for third-party natural gas supplies and slower than expected ramp up of its own equity output.

Technip wins subsea contract for Woodside’s Greater Enfield development

Technip has been awarded a large subsea contract by Woodside to support the development of the Greater Enfield Project offshore Western Australia.

Falcon spuds Beetaloo W-1 vertical well in Beetaloo basin, Australia

Falcon Oil & Gas Ltd. has announced the successful re-entry and casing of Amungee NW-1H horizontal well, and the spudding of the Beetaloo W-1 vertical well in the Beetaloo basin, Australia.

ShaleTech: Australia-China shales

Jim Redden, Contributing Editor

Despite state policies, tough economics stymie gas

Searcher Seismic starts 3D reprocessing project in Australia

Searcher Seismic’s Olympus 3D Reprocessing Project in the Carnarvon basin, Western Australia, has commenced processing at DownUnder GeoSolutions’ Perth facility.

Chevron suspends LNG production at Gorgon again after leak

Chevron Corp. halted output at its $54-billion Gorgon LNG development for the second time this year after a gas leak at the site, the latest problem for the Australian mega-project.

TGS announces 2D multi-client survey offshore northwest Australia

TGS has announced the commencement of the Northwest Shelf Renaissance 2D seismic survey offshore northwest Australia. The survey consists of approximately 8,000 km of long offset, broadband 2D seismic data as well as magnetic and gravity data.

Woodside, Mitsui approve $1.9-billion Greater Enfield Project

Woodside and Mitsui E&P Australia have approved the $1.9-billion Greater Enfield Project for development.

50-year-old Australia oil fields spurned in cheap crude age

They’re among the oldest oil fields in Australia still in production. Now they are proving superfluous to some of the world’s biggest producers that are purging high-cost assets to weather crude’s collapse.