WOODSID has signed a Heads of Agreement (HOA) with ENN Group for the sale of 1.0 million tonnes of LNG per annum from Woodside’s portfolio for a period of 10 years, commencing in 2025. Woodside CEO Peter Coleman said the HOA, signed at LNG2019 in Shanghai, builds on an October 2018 cooperation agreement, under which the two companies committed to work together to explore a broad range of potential business [...]
The Western Australia Government has teamed up with The University of Western Australia (UWA) and the LNG industry to develop a world-first microscale LNG plant, as part of an LNG Futures Facility in Kwinana. In Shanghai, representing Western Australia at the 19th International Conference & Exhibition on Liquefied Natural Gas (LNG19), Premier Mark McGowan was joined by industry leaders and UWA to make the announcement. The State Government will provide [...]
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 [...]