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APGA says vital link to ease pressure in east coast gas market

A VITAL link that will bring new gas to Australia’s east coast gas market has been completed and will begin commercial operations in less than a month. Australian Pipeline and Gas Association (APGA) CEO Steve Davies said pipeline owner and operator Jemena had provided local businesses with many opportunities during construction of the 622km Northern Gas Pipeline between Mount Isa and Tennant Creek. “Now towns, businesses and resource projects along [...]

Total raises cost overruns issue as it reduces Ichthys LNG stake by 4%

FRNCE’S Total has signed an agreement to divest a 4% interest in the Ichthys LNG project in Australia to operating partner INPEX for an overall consideration of US$1.6 billion. The transaction, which is subject to Australian regulatory approvals, reduces Total’s interest in the asset to 26%. “This transaction is part of our constant portfolio review to optimize our capital allocation,” said Arnaud Breuillac, President, Exploration & Production at Total. “Ichthys [...]

ExxonMobil gives go-ahead for Bass Strait West Barracouta gas project

EXXONMOBIL and BHP have made a positive final investment decision (FID) to develop the West Barracouta gas field in Bass Strait off the coast of Victoria to bring new gas supplies to the Australian domestic market. The project, located in the VIC/L1 block offshore Victoria, is part of the company’s continuing investment in the Gippsland Basin. The company recently completed front-end engineering design work for the project, which is part [...]

Woodside to supply gas to Alcoa

WOODSIDE Energy has entered into a long-term gas sale and purchase agreement (GSPA) with Alcoa of Australia Limited for the supply of up to 36.4 PJ of pipeline gas. Supply will commence in 2020 from Woodside’s portfolio of domestic gas facilities, including the North West Shelf, Pluto and Wheatstone. Woodside CEO Peter Coleman welcomed the finalisation of the GSPA and said it further demonstrated the company’s commitment to delivering domestic [...]

Cooper reports successful pressure testing of Sole pipeline

COOPER Energy is breathing a sigh of relief after new pressure tests cleared the way for further development of the Sole gas pipeline in Victoria. In November Cooper reported that the Sole pipeline installation contractor had identified an anomaly in the form of a through wall thickness opening at one location in the pipeline. Subsequently the pipeline installation contractor removed a section of pipeline which contained the damage from the [...]

South Korea’s EPIK signs on for Newcastle LNG import terminal project

SOUTH Korean company EPIK Co. Ltd has entered into a Project Development Option Agreement with the Port of Newcastle to commence preliminary works on a proposed LNG FSRU import terminal. EPIK is an LNG and floating storage and regasification unit (FSRU) project development specialist. The project, named “Newcastle LNG,” will be sited within the Port of Newcastle, optimally located to serve the New South Wales gas market where natural gas [...]

Noble jack-up booked for Dorado field appraisal

CARNARVON Petroleum Limited reports that the Noble Tom Prosser jack-up drilling rig has been secured to drill an appraisal programme on the exciting Dorado oil discovery off the Western Australian coast. The company said the shallow water depths mean that the Dorado Joint Venture is able to utilise a cost-effective jack-up drilling rig for its Dorado appraisal wells. The JV is well versed in the capabilities of the Noble Tom [...]

Investment Conference provides a key update on the state of PNG resource sector

ALL roads will lead to Sydney in early December when the PNG Chamber of Mines & Petroleum hosts the 15th Papua New Guinea Mining & Petroleum Investment Conference The key figures behind the PNG resource sector will be in attendance to provide a crucial update on the state of the country’s mining and petroleum sectors. They will be joined by PNG’s political leaders who will provide the government’s view of [...]

Oil and gas industry welcomes lifting of WA fracking moratorium

AUSTRALIAN oil and gas lobby group APPEA has welcomed the Western Australian Government’s decision to lift the hydraulic fracturing moratorium on existing onshore gas projects. “The independent scientific inquiry has confirmed that properly regulated, hydraulic fracturing is a safe practice.  Hydraulic fracturing has been used safely in Western Australia since 1958,” said APPEA chief executive Dr Malcolm Roberts. “The inquiry shows there is no environmental or public health justification for [...]