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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 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 [...]
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 [...]
Followers of ASX-listed oil and gas specialist Calima Energy Ltd (ASX: CE1) have had plenty to celebrate over the New Year period with the company successfully hitting a number of key targets – both in the field and in the marketplace. Calima, which is currently fully focused on developing its exciting opportunities in the world-class Montney oil and gas play in Canada, has recently completed a multi well drilling campaign [...]
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 [...]
SANTOS has reached an agreement to align the company’s interests, under its operatorship, across four exploration permits in the Bonaparte Basin offshore Northern Australia adjacent to a large existing contingent resource. Santos’ position in the Bonaparte Basin already includes an 11.5% interest in the Bayu- Undan gas-condensate field and the Darwin LNG plant, as well as a 25% interest in the Barossa field, which is currently in front end engineering [...]
THE Perth office of the American Chamber of Commerce (AMCHAM) is putting the finishing touches on its preparation for its annual Australian delegation visit to OTC in Houstion in May. Since 1999, AMCHAM has been taking a large group of local oil and gas industry representatives to Houston to attend the world’s largest oil and gas event. Over the years the Australian delegation has led to numerous business opportunities for [...]
How energy, resources and marine companies can reduce costs By Peter Brady and Martin Lonergan* ALTHOUGH conditions seem to be improving in global oil markets, experience over the past years reveals that companies in the energy, resources and marine (ERM) sectors must continue to streamline processes to keep costs in control. Travel remains a key function for these companies to maintain their operations at rigs, fields or mines, which still [...]
THE Australian oil and gas industry has earned its position as one of the most innovative and promising globally. Following a strong revival in 2018, the industry is expected to continue to play a crucial role in the growth and prosperity of Australia. This results largely from the increasing global demand for Australia’s Liquified Natural Gas (LNG). According to the government’s latest Resources and Energy Quarterly for December 2018, 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 [...]
