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Report says potential Bight benefits great for State and nation

Successful oil exploration in the Great Australian Bight could see the creation of more than 2,000 jobs in South Australia and generate over $7 billion in average annual tax revenue to Federal and State governments over the next four decades, a new study has found. The indirect benefits of the activity and the associated tax revenue could see almost 5,000 jobs created across Australia in the period between 2020 and

Bhagwan Marine continues “dynamic” expansion with addition of two new vessels

JUST months after moving its corporate headquarters to Perth in order to strengthen relationships with Western Australia’s largest oil and gas clients, Bhagwan Marine has announced an expansion of its offshore support vessel fleet. The CMV Athos and the DP2 SeaMaster are both Dynamic Positioning (DP2) vessels, combining enhanced capabilities with greatly improved efficiency, safety and manoeuvrability. The CMV Athos is a 65m ABS Classed, Multi-Purpose Anchor Handling Tug Supply

Woodside awards SEA Scarborough Export Trunkline contract

SUBSEA Engineering Associates Pty Ltd (SEA) has been awarded the contract for Define Phase engineering services for the Scarborough Development Export Trunkline from Woodside Energy Limited. This will enable SEA to utilise the award-winning ICE Platform, and enable rapid delivery of engineering and a mature digital basis of design to be carried into FEED. SEA have subcontracted INTECSEA Pty Ltd to provide specialised deepwater experience gained on international projects. The

Offshore production starts up at world-class Ichthys LNG Project

INPEX CORPORATION has announced that the INPEX-operated Ichthys LNG Project’s has commenced production of gas from the wellhead following the completion of final safety verifications including additional verifications concerning electrical equipment. The Ichthys LNG Project reached a major milestone with the opening of the first offshore production well, marking the start of 40 years of operations of this gas and condensate field. At full capacity, the offshore facilities are expected

BHP to sell onshore US assets to BP for US$10.8 billion

BHP has entered into agreements for the sale of its entire interests in the Eagle Ford, Haynesville, Permian and Fayetteville Onshore US oil and gas assets for a combined base consideration of US$10.8 billion, payable in cash. BP American Production Company, a wholly owned subsidiary of BP Plc, has agreed to acquire 100% of the issued share capital of Petrohawk Energy Corporation, the BHP subsidiary which holds the Eagle Ford,

3D survey over giant Beehive prospect underway off northern Australia

MELBANA Energy Limited reports that acquisition of the Beehive 3D Seismic Survey has commenced. The Beehive 3D Seismic Survey is being acquired by Polarcus using its vessel Polarcus Naila and will acquire approximately 600 sq. km of seismic data over the Beehive Prospect in the Joseph Bonaparte Gulf, 225 km southwest of Darwin. Water depths in the acquisition area range from approximately 30 to 50 m. Melbana said the acquisition

Woodside accelerates Scarborough development planning

WOODSIDE has accelerated planning for a proposed development of the giant Scarborough gas field off the Western Australian coast. In announcing the company’s latest Quarterly report, Woodside CEO Peter Coleman said the company has accelerated target ready for start-up to 2023 for the upstream component of the Scarborough development and 2024 for the downstream to maximise the market opportunity. “We have also increased the design capacity of the proposed Pluto

Carnarvon makes “transformational” oil discovery off WA coast

CARNARVON Petroleum Limited and its JV partner Quadrant Energy have made a significant oil discovery with the Dorado-1 well off the north-west coast of Western Australia. While the Dorado exploration well was testing what was largely expected to be a gas prospect, light oil has been recovered from excellent reservoir containing a gross hydrocarbon package of 96.1 metres and a net pay thickness of 79.6 metres in highly porous and

APPEA says NT implementation plan will get gas industry back to work

THE Australian Petroleum Production & Exploration Association (APPEA) has welcomed the release of the Northern Territory Government’s plan to implement the recommendations of the independent scientific inquiry into unconventional hydraulic fracturing. The framework outlines the need for collaboration and transparency between government, industry, local business and the broader community in ensuring the safe and sustainable development of the Territory’s onshore shale gas resources with real benefits for Territorians. “Unlocking these

Maersk Supply Service completes rig tow from Africa to offshore WA

MAERSK Supply Service has successfully completed the tow of a semi-submersible from Las Palmas, Canary Islands to north west Western Australia. The tow was carried out by new-build Anchor Handling Tug Supply vessel Maersk Master of the Starfish series, whose energy efficient design minimised fuel costs during transit. The first leg of the tow of the semi-submersible MODU rig was direct from Las Palmas to Cape Town. Maersk Master and