Latest News

US$3.5 billion Leviathan gets green light

Noble Energy, Inc. has announced that it has sanctioned the first phase of the US$3.5 Leviathan natural gas project offshore Israel, with first gas targeted for the end of 2019. Noble Energy is the operator of the Leviathan Field, which contains 22 trillion cubic feet (Tcf) of gross recoverable natural gas resources. Leviathan is Noble’s third major natural gas development offshore Israel. “Bringing Leviathan online will expand Israel’s supply of [...]

Australian JIP plans to save operators millions in subsea equipment failures

A media conference at the 2017 Australasian Oil & Gas Exhibition & Conference (AOG) has been told that an Australian Joint Industry Project JIP) is aiming to find answers to a unique local problem that is costing local subsea equipment operators millions of dollars a year. Subsea Equipment Australian Reliability Joint Industry Project (SEAR JIP) is a collaboration between operators and subsea equipment vendors looking into how to deal with [...]

Exxon acquisition of InterOil finally done

After months of an on again off again takeover deal, major PNG gas reserves holder InterOil Corporation has reported that its acquisition by ExxonMobil has been completed. The takeover had been held up by dissident shareholder and former CEO Phil Mulacek had successfully had the deal blocked in a Yukon Court. But after more strong shareholder support and a successful court appeal InterOil has finally been able to announce the [...]

Carnarvon announces Dorado drilling plans

Inform explorer Carnarvon Petroleum Limited has announced plans for a key new well off the WA coast that will look to build on the success of the recent Roc gas and condensate discoveries. Carnarvon reported that it and JV partner Quadrant Energy have committed to acquiring long lead items for the Dorado-1 exploration well and planning for the well is underway. The company said Dorado-1 will have a number of [...]

UPBEAT OIL & GAS INDUSTRY TURNS OUT IN FORCE FOR AOG 2017

A forecast turnaround in the oil and gas industry has been reflected by a strong turnout for day one of the 36th staging of the Australasian Oil & Gas Exhibition & Conference (AOG) in Perth today. Organisers are estimating up to 8,000 attendees will pass through the doors of the Perth Convention and Exhibition Centre (PCEC) over the three days of AOG 2017 to see more than 300 exhibitors from [...]

Woodside has eyes on new LNG opportunities

Australia’s leading domestic oil and gas producer Woodside has announced a number of new innovations to allow it to tale advantage of its strong LNG position. Announcing its full year results, the company said it is eyeing off a number of different avenues for potential new domestic markets for its Pluto LNG project. Woodside CEO Peter Coleman said the company is also looking at potential expansion opportunities at the Pluto [...]

Critical industry gathering begins in Perth tomorrow

The eyes of the oil and gas industry will turn towards Perth tomorrow when one of the world’s leading petroleum industry events opens its doors for the 36th time. The three day Australasian Oil & Gas Exhibition & Conference (AOG) will run from Wednesday February 22 to Friday February 24 and will bring together key decision makers from around the globe to discuss the latest developments for an oil and [...]

Senex funds $50m for first stage of Western Surat Gas Project

Senex Energy Limited has sanctioned its first major investment in the Western Surat Gas Project in Queensand, committing $50 million to a 30 well drilling campaign, with gas production of around 10 TJ/day (~0.6 mmboe p.a.) expected by mid-2018. The funding will cover the drilling of 30 wells and the construction of gas and water handling infrastructure, in parallel with appraisal activities west of the Eos block. Senex managing director [...]

Chevron places winning bid for high profile offshore WA block

Gorgon operator Chevron has placed the winning cash bid for an offshore block close to its major offshore Western Australia gas discoveries. The company paid $3 million for the cash bid permit to secure the right to explore the area for the next six years. Federal Minister for Resources and Northern Australia Senator Matt Canavan said this was the first cash bid permit to be awarded since the process was [...]

Bhagwan Dryden sets new benchmarks in local Safety Case regime

LEADING Australian offshore support company Bhagwan Marine has achieved an industry first and an important milestone with the recent receipt of notification from NOPSEMA of acceptance of the Safety Case submitted for the vessel Bhagwan Dryden. The important Safety Case documentation includes hydrocarbon work scope activities under the Safety Case regime addressing all potential risks associated with operating adjacent to offshore facilities. Bhagwan Marine managing director Loui Kannikoski said the [...]