How do you see Australia’s Oil & Gas industry at the moment? Is it flourishing or facing problems? If we remove the historic commodity cycles and events, Oil & Gas (O&G) companies have generally been able to achieve profitability, capture
The Australian Government should embrace measures for long-term business investment that will ensure sustained job creation and economic growth for Australia, according to APPEA’s 2021-22 pre-Budget submission. Acknowledging the Government’s actions taken during 2020 and as part of the previous
ESSO Australia Pty Ltd has revealed it is nearing completion of its West Barracouta project, which will bring much-needed new gas supply to the Australian domestic market this year, as it gets ready to construct the project’s final subsea infrastructure.
WOODSIDE Energy Trading Singapore Pte Ltd and Uniper Global Commodities SE have agreed to amend the binding long-term sale and purchase agreement (SPA) announced in December 2019 to increase the supply of LNG from Woodside’s global portfolio to Uniper. The
GOVERNMENT plans to accelerate gas exploration and development in the Northern Territory’s Beetaloo sub-basin to create thousands of jobs, provide significant economic benefits to the region and ensure Australia remains a world leader in the production of natural gas. Federal
SANTOS, as operator of the Bayu-Undan Joint Venture, has announced a Final Investment Decision (FID) for the US$235 million Phase 3C infill drilling programmr at the Bayu-Undan field in the Timor Sea. The programme comprises three production wells (two platform
CARNARVON Petroleum Limited has entered into a binding agreement with AIM listed, Advance Energy Plc to enable the redevelopment of the Buffalo oil field off the north west coast of WA Advance will acquire up to a 50% interest in
LEADING global energy industry research firm Wood Mackenzie’s Australasian upstream 2021 outlook report shows at least US$11 billion of gas projects poised for FID in 2021. Wood Mackenzie senior analyst, Daniel Toleman, said that with LNG backfill as the focus, these
SANTOS has signed a binding long-term LNG Supply and Purchase Agreement (SPA) with Diamond Gas International Pte Ltd (DGI), a wholly-owned subsidiary of Mitsubishi Corporation, for the supply of LNG from the Barossa project off the north coast of Australia.
TENSE negotiations and rumours of a rift between Saudi Arabia and UAE ended with a compromise deal for OPEC+ on 3 December 2020. Despite concerns on oversupply for Q1 2021, the group agreed to increase output by 500,000 b/d in