CARNARVON Petroleum Limited has reported that a new 3D seismic survey has commenced over the Dorado and Roc discoveries and a number of nearby prospects off the north-west coast of WA. Known as the Keraudren 3D survey, the seismic data acquired will assist with the advancement of the Dorado oil and gas field development and to prepare for the potential drilling of a number of high graded exploration targets. The [...]
STRIKE Energy Limited has completed a share placement raising approximately $12 million. The placement followed the May 29 announcement of the grant of an option to CSBP Limited, a significant Western Australian industrial gas user, for up to 100PJ of gas from West Erregulla contingent on the success of the drilling at West Erregulla in the Perth Basin. CSBP is to pay Strike $5 million for the grant of the [...]
The plan for development and operation (PDO) of the second phase of the Johan Sverdrup field development has been formally approved by Norwegian authorities. Construction has also started on the field’s second processing platform at Aibel’s yard in Haugesund. “This is a big day for Equinor and the other Johan Sverdrup partners comprising Lundin Norway, Petoro, Aker BP and Total. Johan Sverdrup is a world-class field that will provide value [...]
THE Australian Petroleum Production & Exploration Association (APPEA) has welcomed the further steps taken by Queensland and South Australia to meet eastern Australia’s ongoing natural gas needs. The Queensland Government recently awarded more than 2700 square kilometres of exploration acreage to four companies and opened a new round of bids to explore 3700 square kilometres of land in central Queensland. In South Australia, over 20,000 square kilometres has been made [...]
ACCORDING to research by Wood Mackenzie, Australia’s Beetaloo basin is the only new gas resource with sufficient scale to supply the east coast market in the long term. Australia’s east coast market has seen a rapid transition from conventional gas resources to unconventional gas supplies. As legacy gas sources mature and decline, the race is on to seek alternative supplies to meet east coast demand. Last year, unconventional coal seam [...]
AUSTRALIA’S largest gas infrastructure company APA Group has announced it has signed a Memorandum of Understanding (MOU) with Comet Ridge Galilee Pty Ltd and Vintage Energy Limited that includes commencing an in-field work programme to select a pipeline route to connect Queensland’s Galilee Basin to gas markets. Under the MOU, APA, Comet Ridge and Vintage agreed a framework for working together towards entering into a Gas Transportation Agreement (GTA). APA [...]
After producing for 43 years the Statfjord A platform will cease production in 2022. The topside will be dismantled and recycled at Stord, where it was built in the 70’s. Pioneering Spirit, the world’s largest heavy lift vessel will remove the topside in one single lift. [...]
ALL roads will lead to Brisbane next week when APPEA hosts Australia’s premier oil and gas event. APPEA 2019 will be staged at the Brisbane Convention Centre from May 27 to 30. Thousands of oil and gas insiders will hear the latest news and views from leading industry specialists over the four days of the conference, which this year has a theme of “Navigating The Future” For more details go [...]
SANTOS has moved closer to completing its move into a key Papua New Guinea permit with the signing a binding letter of intent (LOI) which sets out the terms by which the Australian company will purchase a 14.32% equity interest in Petroleum Retention Licence (PRL) -3. PRL-3 contains the giant P’nyang gas field, which the licence participants ExxonMobil, Total, Oil Search, JX Nippon and soon Santos, propose to develop in [...]
SANTOS has announced that the Barossa project has strengthened its position as what it believes is the leading candidate for Darwin LNG (DLNG) backfill with the award of the Subsea Production System (SPS) contract. Following a competitive tender, Technip Oceania Pty Ltd was the successful bidder to supply the SPS. The Engineering, Procurement and Construction (EPC) contract represents a commitment to long-lead items in advance of a final investment decision. [...]