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Santos signs gas supply contract with Wesfarmers

Santos has entered a second contract to supply natural gas to the Wesfarmers Chemicals, Energy & Fertilisers (WesCEF). Under the agreement, Santos will supply up to 34 PJ of gas to WesCEF over 4 years. It follows an agreement last month to supply approximately 28 PJ of gas to WesCEF over three years. Santos Executive Vice President, Marketing and Trading, Philip Byrne, said this latest contract reinforced Santos’ position as [...]

Australian subsea sector set to see major activity improvement

THE Australian subsea oil and gas industry is about to see a significant increase in activity, according to one of the region’s leading figures. Marius Martens, the Chairman of national industry body, Subsea Energy Australia. and a senior committee member overseeing content for the 2018 Australasian Oil & Gas Exhibition & Conference (AOG2018) Subsea Forum, says that subsea activity is expected to grow to support both new and recently constructed [...]

BP takes out sort after Bentley award

BP Oman has won the prestigious BIM Advancements in Asset Performance of Utilities and Industrial Facilities category in Bentley’s Be Inspired Awards programme. The Khazzan Project in Oman is one of BP’s seven major projects in 2017, and started its production in September 2017. BP Oman was selected as a finalist from more than 400 nominations of projects around the world, and as the winner out of the three finalists [...]

EY says offshore exploration poised for growth

Multinational professional services firm EY is tipping a turn around in the fortunes of the beleaguered offshore exploration sector. Offshore exploration has been one of hardest hit areas of the oil and gas industry during the recent downturn, with a number of seismic and drilling service companies going to the wall. However, EY says their are signs that the tide might be turning, with some oil and gas companies look for the [...]

DNV updates preferred pipeline standard

The most used and recognised offshore pipeline standard in the world has been updated to reflect the latest pipeline research & developments by DNV GL, the quality assurance and risk management company, and other leading industry players.  The standard, previously called DNV-OS-F101 is now renamed DNVGL-ST-F101. Around 65% of all new projects globally are designed according to the standard, first issued in 1976. The new revision reflects the conclusions of [...]

Santos rejects take-over offer

Santos has confirmed that it is not currently engaged in discussions with, and has not received a current proposal from, Harbour Energy regarding a change of control transaction for the company On 14 August 2017 Santos received a confidential, non-binding conditional and indicative proposal from Harbour Energy to acquire all the shares in Santos by way of a scheme of arrangement. The indicative price was AUD$4.55 per share.  The Board [...]

Registrations are now open for AOG 2018

Diversified Communications, the organiser of the 2018 Australasian Oil & Gas Exhibition & Conference (AOG 2018), is pleased to announce that registrations for Australia’s largest oil and gas industry event are now open. With strong support from government and industry groups from around the globe and Principal Sponsors Woodside Energy, National Energy Resources Australia (NERA), the City of Perth and the Western Australian Department of Jobs, Tourism, Science and Innovation, [...]

Chevron and Woodside celebrate first Wheatstone LNG shipment

CHEVRON  Australia has dispatched the first shipment of  LNG from the Wheatstone Project located 12 kilometres west of Onslow in Western Australia. The cargo will be delivered to one of Chevron’s foundation buyers, JERA for delivery into Japan. Chevron Australia Managing Director Nigel Hearne said the first shipment of LNG from the Wheatstone Project signifies our commitment to be a safe and reliable long-term supplier of cleaner-burning natural gas for our customers [...]

Australia looking at replacing Offshore Acreage Release system

THE Australian Government is seeking views on potential policy reforms to reduce barriers to exploration investment. The Federal Department of Industry, Innovation and Science reports that the proposals consider replacing the annual Offshore Petroleum Exploration Acreage Release with what is hoped will be a more agile system that streamlines the exploration permit allocation process and gives industry improved access to bid on vacant acreage. This consultation process will assist in [...]

Successful tenderers for West-East gas pipeline study pre-feasbility study named

A LONG awaited dream of having a gas pipeline linking from the west coast to the east of Australia may be a step closer with the Federal Government named ACIL Allen and GHD as the successful tenderer to conduct a pre-feasibility study on the proposal. The West-East Gas Pipeline pre-feasibility study is the first Commonwealth investigation of the potential for constructing a gas pipeline from Western Australia to link up [...]