Australia
News
October 19, 2014
SYDNEY, Australia (Bloomberg) -- An extended slump in oil prices threatens an expansion of the LNG industry and risks cutting returns for project developers in Australia, poised to become the world’s biggest supplier of LNG.
News
October 17, 2014
READING, England -- Expro has secured a major new contract to supply a high rate well testing package and ancillary services for the Inpex-operated Ichthys LNG Project.
News
October 16, 2014
PERTH, Australia -- Fugro is to fund the creation of a new ‘Fugro Chair in Geotechnics’ at the University of Western Australia’s (UWA) Centre for Offshore Foundation Systems (COFS). The agreement, which also provides funding for three PhD scholarships, was signed by Professor Robyn Owens, UWA’s Deputy Vice-Chancellor (Research) and Dr Phil Watson, Director of Fugro Advanced Geomechanics in Perth and Fugro’s Global Service Line Manager GeoConsulting.
News
October 16, 2014
PERTH, Australia -- Woodside has finalized an agreement with Noble Energy and Glencore to farm in to the Tilapia Production Sharing Contract (PSC) off the coast of Cameroon. The 3,875 sq km block is located within the Douala basin, offshore southwest Cameroon in water depths ranging from the shoreline to 1,100 m.
News
October 15, 2014
PERTH, Australia (Bloomberg) -- Woodside Petroleum raised its output forecast after quarterly sales jumped 46% as it achieved higher prices for its LNG. Sales climbed to $1.96 billion from $1.34 billion a year ago, Woodside said in a statement Oct. 16. That was in line with an estimate of $1.95 billion from UBS.
News
September 26, 2014
MELBOURNE, Australia (Bloomberg) -- BHP Billiton Ltd., Australia’s biggest oil and gas producer, backed plans to develop what may be the world’s largest floating LNG project, saying it’s “fully aligned” with partner Exxon Mobil Corp.
News
September 26, 2014
News
September 25, 2014
SYDNEY (Bloomberg) -- AWE Ltd. may start initial production at its Senecio and Waitsia fields as soon as 2016 after announcing what may be the largest onshore natural gas discovery in Western Australia since the 1960s. The project could supply as much as 10% of the West Australian market in the next 10 to 20 years, Bruce Clement, managing director of the Sydney-based oil and gas explorer, said Sept. 25 in a phone interview.
News
September 18, 2014
SYDNEY -- AWE Limited, as operator of the L1/L2 JV, has announced initial Contingent Resource estimates for the Waitsia discovery (formerly Senecio Deep) in the north Perth basin, Australia. The news follows the recently announced upgrade of the 2C Contingent Resources in Senecio field. After initial analysis of data from the Senecio-3 well, and the existing 3D seismic, AWE estimates that the Kingia/High Cliff Sandstone intervals in Waitsia field have gross Contingent Resources in the range of 65 Bcf to 1,170 Bcf, with a best estimate (2C) of 290 Bcf.
News
September 18, 2014
PERTH, Australia -- Neptune Marine Services Limited (Neptune) has reported that its Subsea Stabilisation division was recently awarded two subcontracts by McDermott Australia for the Ichthys LNG Project. McDermott is the appointed main contractor for the Subsea Umbilicals, Risers and Flowlines (SURF) engineering, procurement, construction and installation portion of the project.
News
September 17, 2014
LONDON -- Lloyd’s Register Energy has been chosen by Woodside as one of its global inspection providers. The new contract will help to ensure the components and equipment Woodside procures globally meet quality expectations.
News
September 16, 2014
SYDNEY (Bloomberg) -- Origin Energy Ltd., the Australian company building a LNG export project with ConocoPhillips, said global forecasts probably underestimate demand, partly as China cuts its shale production goals.
News
September 10, 2014
MELBOURNE, Australia (Bloomberg) -- Australian LNG producers may face pressure to renegotiate long-term sales contracts amid a flood of low-cost supply into Asia, according to former BHP Billiton executive Alberto Calderon.
News
September 10, 2014
DENVER, Colorado (Bloomberg) -- Sundance Energy Australia Ltd., an explorer focused on the Eagle Ford shale formation of Texas, expects its acreage in the region to almost double as competition for assets declines.
News
September 09, 2014
ABERDEEN, United Kingdom -- Wood Group PSN (WGPSN) has secured a contract with Woodside Petroleum in Western Australia which boosts Wood Group’s maintenance and brownfield project portfolio in Australia.
News
September 08, 2014
SYDNEY, Australia -- Mermaid Marine Australia Limited (MMA) has been awarded a contract for the operation and management of the accommodation vessel Silja Europa. The contract will generate revenue of approximately $98.4 million (A$105 million) over the 12-month term and there is an option for the client to extend the contract.
News
September 08, 2014
BRISBANE, Australia -- Arrow Energy is to proceed with the front-end engineering design (FEED) phase for its proposed Bowen Gas Project. Arrow Energy CEO, Andrew Faulkner, said the decision was a critical milestone in progressing the development of the company's Bowen basin gas reserves.
News
September 04, 2014
BRISBANE, Queensland -- Linc Energy has commenced operations as part of its three well drilling program in the Arckaringa basin in South Australia. The three well locations have been selected following a lengthy and ongoing field appraisal study headed by Baker Hughes. This drilling program is focused on the Boorthanna Trough, which formed the basis for the majority of the prospective resources separately identified by Gustavson Associates and DeGolyer and MacNaughton.
News
September 03, 2014
HOUSTON, Texas -- Holloman Energy Corporation (Holloman) reported the completion of the incremental reprocessing of Petroleum Exploration License (PEL) 444's Wingman 3D Seismic Survey (the Wingman Survey) and has begun the interpretation process on the data.
News
September 03, 2014
SYDNEY, Australia -- The Directors of Planet Gas Limited (Planet Gas) reported the commencement of a two well drilling program within PEL 514 in the South Australian Cooper Basin.
