AUSTRALIA’S oil and gas sector has welcomed the Queensland Government’s announcement to open 6700 square kilometres of land in central Queensland for gas exploration across five regional areas. The State’s Resources Minister Dr Anthony Lynham announced 12 prospective parcels of
Arrow Energy has sanctioned commencement of the first phase of its Surat Gas Project (SGP) in southern Queensland, with construction set to begin this year. CEO Cecile Wake said Arrow’s sanction decision follows the announcement from its shareholders, PetroChina and
APPEA has welcomed the South Australian Government’s move to provide relief to oil and gas explorers by deferring costs and work program commitments linked to exploration licences as the industry confronts the challenges posed by the COVID-19 pandemic. The Government
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