S&P Global Ratings believes that leading Australian oil and gas company Santos Ltd (BBB-/Stable/A-3) has a solid buffer to withstand the current plunge in oil prices due to the strong balance sheet built up over the past two to three
COOPER Energy has announcesdhe Sole Gas Project has passed a critical milestone with the first flow of gas from the Sole gas field to the Orbost Gas Processing Plant for the second, and final, phase of commissioning. Gas produced by
SANTOS has announced a positive Final Investment Decision for the Van Gogh Infill Development Phase Two Project, which will maximise field production, access additional reserves and lower unit production costs. The project will involve the drilling and completing of three
Norwegian energy giant Equinor has informed Australian authorities of its decision to discontinue its controversial exploration drilling plan (Stromlo-1) in the Ceduna sub-basin, offshore South Australia. The company announced that following a holistic review of its exploration portfolio, it has
SENEX Energy Ltd reports that it is successfully delivering its Surat Basin natural gas development programme on schedule and on budget, with production outperformance at both Roma North and Atlas. Key points: Roma North gas production outperformance; rates exceeding 13.5
Santos managing director and CEO Kevin Gallagher reports that the company has delivered record annual production and revenues in 2019, and lower unit production costs, demonstrating the effectiveness of its disciplined, cash generative operating model. “The year was highlighted by
GLOBAL energy industry research firm Rystad Energy has released a base-case production profile for the Perth Basin predicting it will reach a peak gas production rate of over 400 million cubic feet per day (MMcfd) by about 2024, surpassing that
SANTOS has lifted its 2025 production target further to 120 million barrels of oil equivalent (mmboe), more than double 2018’s output. The new target, up from 100 mmboe set in 2018, represents a cumulative annual growth rate in production of
AUSTRALIAN-based, Indonesian oil producer, Bass Oil Limited has set a new oil production record at its 55% owned Tangai-Sukananti KSO for November 2019. Monthly average oil production for November was 975 bopd up 36% over October and 9% higher than
SENEX Energy Ltd has announced that Project Atlas achieved first gas sales into the east coast market ahead of schedule, with gas being sold to Queensland power generator CleanCo. Following start-up of the first two trains of the five-train, 15