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BLUE Energy Limited has signed an MOU with North Queensland Gas Pipeline (NQGP) owner Palisade Investment Partners to facilitate bringing new domestic gas supplies into the strong Townsville market through the NQGP. As part of the MOU, both parties will market Blue Energy’s Northern Bowen Basin gas reserves in the Sapphire Block, which is located in close proximity to the NQGP and also the agreement will seek to obtain access [...]
CARNARVON Petroleum Limited has announced that the Dorado-3 appraisal well has successfully confirmed the Caley reservoir is capable of delivering oil at significant production flow rates. A well test was conducted over an approximate 11 metre section of net Caley reservoir, between 3,999 and 4,015 metres Measured Depth. Carnarvon said the test indicated very high potential flow rates of around 30,000 barrels per day from each production well in the [...]
EQUINOR and the Johan Sverdrup partnership consisting of Lundin Norway, Petoro, Aker BP and Total, started production from the giant field in the North Sea, more than two months ahead of and NOK40 billion below the original estimates in the Plan for development and operation. “Johan Sverdrup coming on stream is a momentous occasion for Equinor, our partners and suppliers. At peak, this field will account for around one third [...]
AFTER a world-wide search PNG’s largest petroleum Oil Search Ltd has picked a replacement from its own ranks to replace its legendary managing director Peter Botten. Mr Botten had months ago that would retire from Oil Search on 25 August 2020. This triggered a major executive hunt for a suitable replacement, with the company deciding to replace him with a highly regarded oil and gas and long-term Oil Search man [...]
EXXONMOBIL has signed an agreement today with Vår Energi AS for the sale of its non-operated upstream assets in Norway for US$4.5 billion as part of its previously announced plans to divest approximately US$15 billion in non-strategic assets by 2021. “Our objective is to have the strongest, most competitive Upstream portfolio in the industry,” said Neil Chapman, senior vice president of ExxonMobil. “We’re achieving that by adding the best set [...]
CONOCOPHILLIPS Australia, operator of the Barossa joint venture, has awarded an Engineering, Procurement, Construction and Installation (EPCI) contract for the Barossa Gas Export Pipeline off the north-west coast of Ausralia to Allseas Marine Contractors Australia Pty Ltd. The terms of the contract includes procurement, transportation and installation of the 260-kilometre pipeline, project management, engineering and associated services. The Barossa offshore gas and light condensate project is currently in the front-end [...]
SANTOS GLNG’s $750 million Roma East project has marked a significant milestone, with the natural gas compression facility officially handed over to the operations team. First gas from the Roma East field flowed in February this year and with commissioning now safely completed, the plant is fully operational. The Roma East project involves bringing 480 wells online, including drilling about 430 new wells, connecting existing appraisal wells, and drilling pre-development [...]
ExxonMobil has announced plans to sell its Gippsland Basin upstream portfolio as it continues to refine its global portfolio. Wood Mackenzie research director Angus Rodger says this is a major development on the Australian oil and gas front. “ExxonMobil putting its entire Gippsland Basin upstream portfolio up for sale represents big news for the Australian upstream and gas market,” Mr Rodger said. “As a pivotal producer on the east coast, [...]
LEADING oil and gas industry analysts have agreed that the weekend drone attacks on Saudi Arabia oil fields will have a significant impact on the oil price and the industry. Saudi Aramco emergency crews contained fires at its plants in Abqaiq and Khurais, as a result of terrorist attacks with projectiles. These attacks resulted in production suspension of 5.7 million barrels of crude oil per day. “We are gratified that [...]
SENEX Energy Ltd has completed the sale of its Roma North gas processing facility and pipeline to major energy infrastructure operator Jemena for $50 million. Following successful commissioning and performance testing, Jemena has taken ownership of the facility and will compress and transport Senex’s natural gas to market under a long-term gas tolling arrangement. Key terms of the transaction included: Cash consideration of $50 million, with proceeds to support continued [...]
