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Oil Search says PNG could double its LNG production in near future

PNG is on the threshold of substantial new investment that could double its LNG production in the coming years, according to the country’s leading petroleum company. Oil Search managing director, Peter Botten, made this forecast whilst advocating major new infrastructure must be developed in a responsible and sustainable way. Speaking at the PNG Petroleum and Energy Summit in Port Moresby, Mr Botten said the global LNG market is highly competitive

Aker Solutions lands Jansz-IO FEED contract

AKER Solutions has been awarded a master contract to support the delivery of a subsea compression system for the Chevron Australia-operated Jansz-Io off the north-west coast of Western Australia. The company announced that the first service order under the master contract will be for front-end engineering and design of a subsea compression station that will boost the recovery of gas from the field. The FEED scope will also cover an

Bhagwan lands Port of Melbourne contract

WA-based offshore support specialist Bhagwan Marine has been awarded the prestigious Port of Melbourne Marine Maintenance Contract. Bhagwan won the contract in a wide-ranging competitive tender, in which the selection criteria was founded on the appointee’s ability to “continually improve, innovate and drive value-based outcomes for the business.” The contract scope covers the inspection, reporting and maintenance of the Port of Melbourne’s infrastructure assets – a huge inventory encompassing hundreds

Equinor releases draft Great Australian Bight drilling environmental plan

INTERNATIONAL energy company, Equinor, has released its draft Environment Plan (EP) for the proposed Stromlo-1 exploration drilling programme in permit EPP-39 in the Great Australian Bight for public comment. The development of the EP is a key step in the offshore exploration regulatory process. It details Equinor’s planned activity and all the measures to be put in place to avoid and mitigate impacts on the environment.  The EP concludes drilling can be done safely. This is

Wood and KBR win Crux FEED project offshore Western Australia

WOOD and KBR,Inc. have secured  a multimillion dollar contract to deliver integrated front-end engineering  design (FEED) for Shell Australia’s Crux project to build a not normally manned  (NNM) platform and gas export pipeline located approximately 600km north of  Broome, offshore Western Australia (WA). The Crux facilities will be an important  source of backfill gas supply to the Shell-operated Prelude floating liquefied  natural gas (FLNG) facility. The remotely operated, minimum facilities

Woodmac says exploration’s back in the black – and keen to stay there

AFTER a difficult few years, the exploration sector is back in the black – and keen to stay there. New studies from international industry anlysts Wood Mackenzie shows that explorers’ success in 2018 reflects a disciplined approach that’s set to continue this year. “We are seeing a long-overdue recovery in the sector. Last year conventional exploration returns hit 13% – the highest calculated in more than a decade. As 2018’s

Santos celebrates first oil from Van Gogh infill project

SANTOS has announced that first oil is flowing from the Van Gogh infill project, marking the successful completion of the two-well programme that will increase production from the field off the north west coast of Australia. The Van Gogh field is one of three subsea oil field developments located in the Exmouth Basin, offshore Western Australia, which tie into the Floating Production, Storage and Offloading vessel (FPSO), the Ningaloo Vision.

Study forecasts a boost in Asia Pacific oil and gas investments

CONFIDENCE in the outlook for Asia Pacific’s oil and gas industry has more than doubled in the past two years, according to new research published by DNV GL. The study found that 76% of senior oil and gas professionals in Asia Pacific are optimistic about the industry’s growth in 2019, compared with 58% in 2018 and 30% in 2017. The proportion of industry leaders who are confident in their own

AGIG successfully commissions Pluto domestic gas connection

AUSTRALIAN Gas Infrastructure Group (AGIG) has successfully commissioned the Pluto Inlet Station – the new facility connecting the Pluto LNG Project to the Dampier to Bunbury Natural Gas Pipeline (DBNGP). The successful commissioning allows additional gas supply to reach Western Australian consumers. Woodside – which operates the Pluto LNG plant near Karratha in WA – engaged AGIG’s development group to undertake a Front End Engineering Design (FEED) study to convert

WoodMac tips Brent crude to average US$65 a barrel in 2019

Global markets were volatile heading into the new year. Oil has been no exception, with Brent trading between $62 per barrel on 7 December 2018 before falling to $51/b on 21 December. Mixed macroeconomic data have driven much of the volatility, with political uncertainty compounding concerns of a sharper than expected economic slowdown. What oil price is justified by the fundamentals? Ann-Louise Hittle, vice president, for macro oils at Wood