Australasia
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
News
September 03, 2019
After months of delays and new commitments by Total SA, Papua New Guinea will honor a gas deal with the French energy giant, clearing a major hurdle for a $13 billion plan to expand the nation’s fuel exports.
News
August 21, 2019
The Total SA-led liquefied natural gas joint venture in Papua New Guinea is seeking to finish a new round of negotiations with the government by the end of August, while insisting that the original agreement signed with the state in April is fair and equitable to both sides.
News
August 12, 2019
Australia is on track to surpass Qatar as the world’s largest LNG exporter, according to Australia’s Department of Industry, Innovation, and Science (DIIS). Australia already surpasses Qatar in LNG export capacity and exported more LNG than Qatar in November 2018 and April 2019.
Article
July 2019
New Zealand’s faux ban
Article
May 2019
Talos Energy—alongside consortium partners Sierra Oil & Gas and Premier Oil—has provided an update on the Zama appraisal program in Mexico’s Block 7, in the prolific Sureste basin.
Article
February 2019
Rising oil supplies and falling prices in second-half 2018 constrained global drilling, but activity should post a measured gain in 2019. Virtually all the global oil production increase is due to U.S. shale activity.
Article
February 2019
Worldwide E&P expenditures should grow 8% during 2019. North America’s uptick will continue, but at a slower rate, while international activity should energize the OFS sector.
Article
February 2019
For years, Australia’s overall production rate has been shrinking. However, according to the U.S. EIA, additional production from new condensate and crude oil developments is expected to offset the decline over the next few years.
Article
January 2019
Total—alongside partners CNOOC Limited (45%), Petrobras (16%) and Nigerian National Petroleum Corp. (15%)—has begun producing from Egina field, about 93 mi off the coast of Nigeria.
Article
November 2018
The technologies and techniques presented significantly reduce deepwater subsea equipment installation and recovery costs, reduce upfront capital equipment cost and facilitate optimized field development.
Article
July 2018
Akofs Offshore has been awarded a contract for light well intervention services, using its 156-m vessel, Akofs Seafarer, for all Equinor-operated licenses, in the period 2020 to 2025.
Article
March 2018
The EPCI solution was just one of many engineering feats within the INPEX-operated Ichthys LNG Project, offshore Australia.
Article
March 2018
If the dam don’t break, recovery will continue
Article
March 2018
TAG Oil Ltd. (70%), operator of the Puka permit (PEP 51135) in New Zealand’s Taranaki basin, said the Pukatea-1 exploration well was drilled to 10,170 ft, MD, encountering variable hydrocarbon shows.
Article
February 2018
Outside of the U.S., a global recovery is on the horizon for the upstream oil and gas industry.
Article
February 2018
With the recovery definitely underway, Evercore ISI predicts global E&P spending to rise 7% in 2018 following a 4% increase in 2017 and a 33% decline in 2016.
Article
February 2018
With E&P on the mend, major breakthroughs are underway
