Latest News

Carnarvon identifies hundreds of millions of barrels in Dorado follow-up opportunities

HIGH flying Carnarvon Petroleum Limited has identified a number of follow-up targets totalling more than 600 million barrels with the confirmation of the exciting potential associated with this year’s Dorado-1 oil discovery off the north-west coast of Western Australia. Carnarvon, which drilled Dorado-1 in a JV with Santos’ takeover target Quadrant Energy in the underexplored Bedout Basin has now his completed its initial assessment of the follow-up oil prospects that [...]

Siemens and Bentley Systems announce PlantSight digital twin cloud services

SIEMENS and Bentley Systems have introduced the PlantSight digital solution for providing customers with more efficient plant operations. PlantSight enables as-operated and up-to-date digital twins which synchronize with both physical reality and engineering data, creating a holistic digital context for consistently understood digital components across disparate data sources, for any operating plant. Plant operators benefit from high trustworthiness and quality of information for continuous operational readiness and more reliability. Every [...]

ICON completes world’s deepest CAN-ductor deployment and recovery

THE world’s deepest installation of a CAN-ductor (Conductor Anchor Node suction pile with integrated conductor) well foundation has been completed after being successfully recovered from Woodside Energy’s Ferrand-1 deepwater exploration well in the Carnarvon Basin, offshore Western Australia. The CAN-ductor was designed, supplied, installed and recovered by a venture comprising Norwegian developers Neodrill AS and Australian offshore installation contractor ICON Engineering Pty Ltd using a Siem Offshore Anchor Handling Tug [...]

Programme promotes oil and gas options to female students

FEMALE school leavers are being encouraged to consider engineering careers in the Australian oil and gas sector, thanks to a Perth-based outreach programme targeting high school students. The Women in Subsea Engineering Network (WISE) is currently mentoring 30 female students as part of a week-long Future Engineers Program. The high school outreach program showcases the diversity of opportunities and interesting careers available for female students to consider as they make [...]

Beach to sell 40% of Victorian Otway interests for $344 million

BEACH Energy Limited and Eyal Ofer’s O.G. Energy Holdings Ltd, a member of the Ofer Global group of companies, have entered into a binding agreement whereby O.G Energy will acquire 40% of Beach’s Victorian Otway assets for $344 million in cash. Through their wholly-owned subsidiaries Lattice Energy Limited and OGOG (Otway) Pty Ltd (OGOG), Beach and O.G. Energy have signed a sale and purchase agreement under which OGOG will acquire [...]

Australia’s Calima to benefit from US$21.5 billion LNG Canada go-ahead

ASX-listed Calima Energy (ASX: CE1) has welcomed the news that a Shell-led JV has approved the go-ahead for the massive LNG Canada project at Kitimat. Calima, which is preparing to drill its first well in its Montney project area in Canada, is expected to see benefits from the billions in new infrastructure that will located near its assets, as well as a forecast increase in local gas and liquids pricing. [...]

Timor-Leste to acquire interest in Greater Sunrise Fields from ConocoPhillips

THE Government of Timor-Leste and ConocoPhillips have reached agreement on terms for the sale of ConocoPhillips’ 30% interest in the Greater Sunrise Fields. The Prime Minister of Timor-Leste congratulated the Parties on successfully reaching an agreement, which benefits both Parties and is expected to allow Timor-Leste to proceed with discussions with the other Greater Sunrise Joint Venture members on future development of the Greater Sunrise resources. Timor-Leste’s Special Representative, Xanana [...]

First condensate cargo from Ichthys departs

THE INPEX Corporation-led Ichthys LNG Project has achieved another milestone with the departure of its first shipment of condensate. The cargo departed from the roject’s massive offshore floating production, storage and offloading facility – the Ichthys Venturer –moored in the Browse Basin, some 220 kilometres off the northwest coast of Western Australia. “Departure of the first condensate cargo from the INPEX-operated Ichthys LNG Project demonstrates our commitment to be a [...]

Greymouth Gas outlines claims against NZ Government

NEW Zealand owned and operated Greymouth Gas Turangi Limited has updated details on its lodgement of High Court claims against the New Zealand Government and its plans to halt offshore oil and gas exploration in the country. The Greymouth claims allege that: NZ Energy Minister Megan Woods’ decision declining to grant an offshore coastal permit to Greymouth following submission of a compliant bid in the 2017 Block Offer was not [...]