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Companies & Finance

Oil Search revenue drops by 14% in Q1

Oil Search saw its revenue drop by 14.2% year on year in Q1 2018, to $295 million,

17 April 2018
Exploration & Production

Northern Australia lifts ban on fracking

Australia’s Northern Territory has lifted a nearly two-year-old moratorium on fracking for shale gas but will implement strict laws to protect the environment

17 April 2018
New Zealand Prime Minister Jacinda Ardern at a press conference in 2017 Exploration & Production

Industry blindsided by New Zealand offshore ban

New Zealand’s prohibition on offshore exploration appears to have taken the industry by surprise, but the signs were there.

13 April 2018
Exploration & Production

New Zealand to stop all new offshore exploration

New Zealand is halting all new offshore oil and gas exploration as part of its efforts to reduce its greenhouse gas emissions.

12 April 2018
Companies & Finance

ENN Group ‘cautiously considering’ Harbour offer for Santos

China’s ENN Group, the biggest shareholder in Australia’s Santos, will “cautiously consider” a $10.3 billion takeover offer for the company

9 April 2018
Global Markets

India to establish trading exchange for gas by October

India plans to establish a gas trading exchange as soon as October,

6 April 2018
A Santos rig in Australia Companies & Finance

Private equity moves on undervalued Aussie assets

Harbour Energy’s new bid for Santos is likely to be the first of many private equity moves into the Australian market.

6 April 2018
Companies & Finance

Santos to review new takeover bid from Harbour Energy

Santos has agreed to review an improved takeover bid from United States-based private investment company Harbour Energy worth $10.3 billion

4 April 2018

Tanker docks at PNG LNG

An LNG tanker has docked at ExxonMobil’s PNG LNG plant in Papua New Guinea

3 April 2018
A gas facility in Papua New Guinea. LNG

PNG halts gas project approvals ahead of policy overhaul

The reforms being proposed to PNG’s gas policy would not be retroactively applied, but experts say they will slow progress on existing projects anyway.

29 March 2018

Inpex delays Ichthys LNG startup

Japan’s Inpex has announced that the startup of the Ichthys LNG project will be delayed from its original end-March schedule until April or possibly May

26 March 2018
Alternative Fuels

Carnegie wins grant for solar and battery system on offshore gas platform

Carnegie Clean Energy has been awarded a A$471,000 grant to develop a solar and battery storage solution for an offshore oil and gas platform.

20 March 2018
Solar panels in Australia Alternative Fuels

IOCs show growing appetite for Australian solar projects

Oil and gas companies are demonstrating a greater interest in new renewable developments in Australia.

19 March 2018
Companies & Finance

Shell selling New Zealand upstream business to OMV

Shell has agreed to sell its New Zealand upstream oil and gas business to Austria’s OMV for $578 million.

16 March 2018
ExxonMobil’s Snapper platform in Australia’s Bass Strait. Policy & Regulation

IOCs under pressure in Australia on corporate tax

A Senate inquiry into tax avoidance is due to report in May, and many of the submissions have been highly critical of oil and gas companies.

14 March 2018
Exploration & Production

Woodside receives approval to buy Exxon’s Scarborough stake

Woodside Petroleum has obtained approval to buy ExxonMobil’s 50% interest in Australia’s Scarborough gas field.

12 March 2018

Ichthys LNG to start up by end March

Japan’s Inpex plans to start up the Ichthys LNG export project in Australia by the end of March

12 March 2018
Australian PM Malcolm Turnbull and US President Donald Trump. LNG

Australia, US collaborating to boost Indo-Pacific market

A deal struck between the two LNG exporters could see them working together to develop gas demand and regasification infrastructure in Asia.

9 March 2018
Exploration & Production

Comet Ridge ups Mahalo CBM reserves

Comet Ridge has upgraded proven and probable CBM reserves at its Mahalo project in Queensland from 1.94 billion cubic metres to 11.10 bcm.

7 March 2018
Australia and East Timor signing the maritime border treaty. (PA) Exploration & Production

Australia and East Timor agree Greater Sunrise split

The two countries have agreed a royalty-sharing split for the gas field following their new maritime boundaries treaty.

7 March 2018

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