Australia
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.
News
November 03, 2014
BRISBANE, Australia -- Exoma Energy has withdrawn from the Galilee JV exploration permits (ATP 991P, ATP 996P, ATP 999P and ATP 1005P), effective from Jan. 1, 2015. Following Exoma’s withdrawal, CNOOC Galilee Gas company will have a 100% interest in the exploration permits.
News
October 31, 2014
PERTH, Western Australia -- Neon Energy has awarded a contract to CGG Services for licensing of 200 sq km of new broadband 3D seismic data over the WA-503-P offshore petroleum exploration permit.
News
October 29, 2014
MEO Australia has reported that ENI Australia has elected not to drill an additional well on the Heron structure and will therefore withdraw from the Heron area of NT/P68, approximately 300 km, northwest of Darwin in the Timor Sea.
News
October 29, 2014
MELBOURNE, Australia -- Polarcus Asima has recieved a contract from 3D Oil to acquire the Flanagan 3D seismic survey in its T/49P Permit in the Otway basin, offshore eastern Australia.
News
October 28, 2014
PERTH, Australia -- Marine Contracting has reported that it has opened its Australian office in Perth, as it seeks to bring its industry leading engineering and offshore marine solutions to the growing Australian offshore market.
News
October 27, 2014
CALGARY, Alberta -- Savanna Energy Services has signed a contract to expand its drilling operations in Australia.
News
October 24, 2014
STAVANGER, Norway -- Statoil continues to expand in Australia, with the award of 100% equity share in a large exploration permit located in the prolific Northern Carnarvon basin on the Northwest shelf of Australia. This is Statoil’s third asset in Australia, adding to the onshore operatorship in the Northern Territory’s South Georgina basin and four BP-operated offshore permits in the Great Australian Bight.
News
October 24, 2014
HOUSTON -- Hoover Container Solutions (Hoover), a subsidiary of Hoover Group, has moved to a larger and newly renovated facility in Perth, Western Australia, to accommodate its expansion in the region. The new distribution and service center allows Hoover to provide expanded services in Western Australia, while handling all Intermediate Bulk Containers (IBCs), ISO tanks and offshore equipment destined for oil and gas platforms, mining sites, islands and supply bases north of Perth.
News
October 23, 2014
SYDNEY (Bloomberg) -- High-cost energy projects globally will struggle to stay profitable if crude oil prices stay around $80/bbl to $85/bbl and some proposed developments may be shelved, according to Oil Search Ltd. “The bottom line is that much of the industry around the world needs $80, $85 consistently to provide returns,” Managing Director Peter Botten said in an interview in Sydney on Oct. 23. “If it stays at that level, marginal projects will struggle, and eventually production will adjust.”
News
October 21, 2014
DUBAI -- Polarcus is to commence a major new RightBAND multi-client project over the Roebuck basin, offshore North West Shelf, Australia. The Capreolus 3D survey, supported by strong industry funding, will comprise approximately 15,000 sq km and is designed to provide exploration companies with an extensive basin-wide high quality broadband 3D seismic dataset over and adjacent to the recent Phoenix South oil discovery.
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.
