Australia
News
December 17, 2014
READING, United Kingdom (Bloomberg) -- The first tanker to ship LNG from BG Group Plc’s $20.4 billion project on Australia’s east coast is due to arrive on about Dec. 20, signaling exports to Asia are set to begin. The ship, the BG-owned Methane Rita Andrea, is heading for Gladstone, in Queensland state, according to data compiled by Bloomberg. BG expects the plant, the world’s first large-scale project to turn coal-bed methane into LNG, to begin by the end of the year, the company reiterated Dec. 17.
News
December 17, 2014
BAYSWATER, Australia -- Peak Well Systems has commissioned two new ISO test facilities in Perth, Western Australia and Aberdeen, UK as part of the company’s R&D commitment to provide operators with the most advanced and reliable plug systems available in the industry.
News
December 15, 2014
HOUSTON -- Apache Corp. is to sell its interest in two LNG projects, Wheatstone LNG and Kitimat LNG, along with accompanying upstream oil and gas reserves, to Woodside Petroleum for a purchase price of $2.75 billion. Apache will also be reimbursed for its net expenditure in the Wheatstone and Kitimat LNG projects between June 30, 2014, and closing which is estimated to be approximately $1 billion.
News
December 15, 2014
WEST PERTH, Australia -- Otto Energy has executed a superior sale and purchase agreement with Nido Petroleum to divest Galoc Production Company (GPC) for $108 million (A$131.09 million) on the same terms and conditions as the Risco SPA.
News
December 10, 2014
READING, United Kingdom -- BG Group has agreed to sell its wholly-owned subsidiary QCLNG Pipeline Pty Ltd to APA Group, Australia's largest gas infrastructure business, for approximately $5.0 billion. QCLNG Pipeline Pty Ltd owns a 543 km, large-diameter underground pipeline network linking BG Group's natural gas fields in southern Queensland to a two-train LNG export facility at Gladstone on Australia's east coast.
News
December 09, 2014
ADELAIDE, Australia -- Origin Energy has confirmed its Speculant-1 exploration well discovered potentially commercial quantities of gas in Waarre Formation reservoirs in the Otway basin, offshore Victoria, within the Origin operated VIC/L1(v) permit.
News
December 08, 2014
CLAREMONT, Australia -- Empire has signed a Letter of Intent (LOI) with drilling contractor Enerdrill for the drilling of upto three wells (subject to successful fundraising).
News
December 03, 2014
HOUSTON -- 2H Offshore has invested in improved office facilities in Kuala Lumpur, Malaysia and Perth, Australia, to support ongoing growth in the Asia Pacific region.
News
December 01, 2014
OSLO, Norway -- PGS has started its Springboard MC3D program in the Ceduna sub-basin, offshore South Australia. The Springboard MC3D has significant industry support and is being acquired by the Ramform Sovereign, a PGS seismic vessel that utilizes PGS' GeoStreamer technology.
News
December 01, 2014
BRISBANE, Australia -- Magnolia LNG (MLNG), a wholly owned subsidiary of Liquefied Natural Gas Ltd. (LNGL), has agreed to an EPC contract with SK E&C USA in relation to the Magnolia LNG Project.
News
November 28, 2014
MELBOURNE, Australia (Bloomberg) -- Tumbling crude oil prices are casting a shadow over almost $70 billion of natural gas projects planned in Australia.
News
November 27, 2014
PERTH, Australia -- Woodside, along with the North West Shelf (NWS) project participants has approved the Persephone gas development project off the north-west coast of Australia.
News
November 27, 2014
SYDNEY -- Drillsearch Energy has made a new wet gas discovery on the Western Cooper Wet Gas Fairway of the Cooper basin.
News
November 27, 2014
BRISBANE, Australia -- Linc Energy has detected hydrocarbon shows in the Stuart Range Formation at the Pata 1 exploration well, located in PEL121, in the Arckaringa basin.
News
November 26, 2014
ADELAIDE, Australia (Bloomberg) -- Santos Ltd. expects its $18.5 billion LNG development on the east coast of Australia to start in the second half of next year. Santos, which previously said the Gladstone LNG project in Queensland would start production at some point in 2015, expects the second unit to be ready to begin by the end of next year, the Adelaide-based company said in a statement. The project is 90% complete, it said.
News
November 26, 2014
MELBOURNE, Australia -- Karoon Gas has completed drilling at Kangaroo-2 appraisal well, located in block S-M-1165 in Santos basin, offshore Brazil, at a total depth of 2,369 mRT (meters below rotary table) and encountered multiple oil bearing zones.
News
November 26, 2014
PERTH, Australia -- Woodside has entered into a contract for an exclusive Reconnaissance License (RL) with the office National des Hydrocarbures et des Mines, the national oil company of the Kingdom of Morocco, to explore a block offshore Morocco.
News
November 25, 2014
SYDNEY (Bloomberg) -- Beach Energy Ltd. is considering selling its holdings in Egypt as the company focuses on Australia, where it’s exploring with Chevron Corp. The decision on what to do with the assets, which include a gas project that’s forecast to begin output in the first quarter of 2015, will likely be made in the first half of next year, Managing Director Reg Nelson said Nov. 25 in an interview.
News
November 18, 2014
ADELAIDE, Australia -- Rampart Energy has secured the rights to an 80% working interest, as operator, in the newly released exploration permit WA-507-P, located within the prolific Northern Carnarvon basin, off the Northwest Shelf of Australia.
News
November 11, 2014
SYDNEY (Bloomberg) -- Russia’s move to broaden its energy ties to China is clouding the outlook for natural gas export projects on the drawing board in the U.S., Canada and Australia. Companies looking to approve LNG plants in the next couple of years and start shipments at the end of the decade will probably experience delays, according to energy consultants Tri-Zen International Inc.
News
November 07, 2014
SYDNEY (Bloomberg) -- Dick Stoneburner helped sell Petrohawk Energy Corp. to BHP Billiton Ltd. in a $15.1 billion deal. Now he’s bringing his experience in U.S. shale to Australia as a board member of Tamboran Resources Ltd. “They have a lot of opportunity embedded in their assets, they just need some direction and need some capital,” Stoneburner, a managing director at New York-based investment firm Pine Brook Partners, said in a phone interview.
