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Barossa project awards FEED contracts

SANTOS has announced the award of three major front end engineering and design (FEED) phase contracts for the Barossa offshore gas project off the northern coast of Australia with the award of three major engineering contracts. “These contracts reaffirm Barossa’s position as the leading candidate for Darwin LNG backfill, with no alternative projects in the FEED phase,” Santos managing director and CEO, Kevin Gallagher said. “Barossa would more than double [...]

Second Wheatstone LNG train comes on line

THE Wheatstone Project has successfully commenced liquefied natural gas (LNG) production from Train 2 at its onshore facility near Onslow, Western Australia. Woodside CEO Peter Coleman said the safe start-up of Train 2 demonstrated the success of the project as part of Woodside’s growth strategy, building on more than 30 years of experience delivering domestic gas and LNG to Western Australia and the world. “We are very pleased Train 1 [...]

Polarcus chosen for big Beehive 3D survey off Australian coast

MELBANA Energy Limited reports that Polarcus has been awarded the contract to undertake the Beehive 3D Seismic Survey over the Beehive Prospect, one of the largest undrilled hydrocarbon structures in Australia. The Beehive 3D Seismic Survey is being operated by Santos pursuant to an Operations Services Agreement and is fully funded by French major Total and Santos. The Beehive 3D survey is expected to be commenced in July and completed [...]

Wood Mac says LNG market looking strong as China takes up the slack

LEADING oil and gas research firm Wood Mackenzie is forecasting a rebalancing of the LNG market with fears of oversupply beginning to ease. According to Massimo Di Odoardo, Wood Mackenzie’s VP Global Gas and LNG, record demand from China has absorbed a large part of the additional 33 million tonnes (mt) of LNG supply in 2017, with the question being can it continue to support the market? “We think yes [...]

Global group picks Port Kembla for first NSW LNG import terminal

A NEW, Australian-led international consortium, Australian Industrial Energy (AIE), announces today that it has selected Port Kembla as the site for NSW’s first Liquefied Natural Gas (LNG) Import Terminal. The terminal would have the ability to supply in excess of 100 PJ per annum, sufficient to meet over 70% of NSW’s total gas needs. The LNG import terminal will be named the Port Kembla Gas Terminal (PKGT). Development and construction [...]

$2 million boost for east coast Gas Acceleration Program

A PROJECT to restart gas processing facilities in South West Queensland will get a $2 million boost from the Australian Government’s $26 million Gas Acceleration Program, increasing gas supply to the East Coast market. Federal Minister for Resources and Northern Australia Matt Canavan said the funding would allow Australian Gasfields Limited to bring forward by a year the refurbishment and restarting of the Eromanga and Gilmore Gas Plants, adding a [...]

Santos announces A$400 million investment in Arcadia project in Qld

SANTOS and its GLNG Partners have announced an investment ofi more than A$400 million in the 137-well Arcadia gas project in the Bowen Basin in Queensland’s Central Highlands region. The A$400 million Arcadia investment is in addition to the A$900 million they are investing in upstream developments in the Maranoa, Western Downs, Central Highlands and Banana regions of Queensland this year. Santos managing director and CEOKevin Gallagher said the Arcadia [...]

Exxon aiming to double earnings capacity by 2025

EXXONMOBIL has revealed plans to more than double its earnings potential by 2025. The company’s chairman and CEO Darren Woods told shareholders during the company’s annual meeting that the world’s growing energy needs will require trillions of dollars in new investment across industry, even under a scenario to limit the global increase in temperature to two degrees Celsius. Mr Woods said the company will continue to focus on investments that [...]

Santos rejects Harbour proposal and terminates discussions

LEADING Australian oil and gas company Santos has named improving oil prices and share market activity amongst its reasons for rejecting a major takeover offer from Harbour Energy Ltd. Santos said that since Harbour’s initial offer on May 21 and a number of subsequent increases in the offer price, Brent oil prices have increased by 14 per cent and the share prices of other major ASX-listed energy peers by an [...]

Philippine President starts new Cebu onshore oil and gas field

PHILIPPINE President Rodrigo Duterte was on hand to turn the valves for the official start-up of production at the Alegria Oilfield in southern Cebu island. The President was joined by the Secretary of the Department of Energy (DOE) Alfonso Cusi at the inauguration ceremony which signaled the start of the commercial production of oil and gas in the oilfield, which is currently being operated by China International Mining Petroleum Limited [...]