New Zealand Prime Minister Jacinda Ardern at a press conference in 2017 Global Markets

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.

By Sally Bogle 13 April 2018
Exploration & Production

Santos fires back

Australia’s Santos has fired back against a report published on Tuesday by the Australia Institute, which questions the “alleged benefits” of the company’s coal-bed methane (CBM) projects in New South Wales.

14 February 2012
Companies & Finance

WestSide takeover proposal

Australian coal-bed methane (CBM) producer WestSide has received an indicative, conditional and non-binding takeover proposal, it announced on Monday.

13 February 2012
Companies & Finance

Sponsors closing in on $2.5 bln APLNG debt

UK-based RBS, in its role as financial adviser to the project company, is pushing ahead with arranging a $2.5 billion project finance facility to help fund the Australia Pacific LNG (APLNG) project according to market reports.

10 February 2012
Companies & Finance

JKC JV signs EPC for Ichthys

The JKC JV, a joint venture between Texas-based KBR and Japan’s JGC and Chiyoda, has signed an engineering, procurement and construction contract with the developers of the Ichthys LNG project in northern Australia for $15 billion, KBR announced on Thursday.

10 February 2012
Companies & Finance

Samson registers gross profit of $2.5 mln

Australia’s Samson Oil & Gas registered a gross profit of A$2.3 million ($2.5 million) for the second half of 2011, up by 112% year-on-year, it announced on Friday.

10 February 2012
Companies & Finance

Santos reports spills from Eastern Star operations

Santos has reported three spills of contaminated water containing heavy metals from its coal-bed methane (CBM) operations in Australia’s New South Wales, Reuters reported on Friday.

10 February 2012
Companies & Finance

Shell opens representative office in Papua New Guinea

Royal Dutch Shell has opened a representative office in Papua New Guinea for visiting company personnel – a move that “affirms” Shell’s interest in investing in the country and working with state-owned Petromin PNG Holdings, Vice-President of Commercial Asia Ton Ten Have said in a statement on Thursday.

9 February 2012
Exploration & Production

BAM Clough JV awarded Wheastone contract

The BAM Clough joint venture has been awarded an A$400 million ($432.5 million) contract with Bechtel to design and build a product loading facility and tug berths for the Wheatstone LNG project in Western Australia, parent company Clough announced on Thursday.

9 February 2012
Exploration & Production

Santos’ 2P Reserves down on Gladstone divestments

Australian-listed Santos announced on Wednesday that its total proven and probable (2P) reserves stood at 1,364 million barrels of oil equivalent (MMboe) at the end of 2011.

8 February 2012
Companies & Finance

US shale to drive BHP’s liquids production through 2015

BHP Billiton is banking on shale gas assets in the United States – acquired through the takeover of Petrohawk Energy and Chesapeake Energy in 2011 – to significantly boost onshore liquids production by the end of 2015, the mining major said at the presentation of its 2011 half-year results on Wednesday.

8 February 2012
LNG

Fisherman’s Landing: Gladstone’s underdog

The Fisherman’s Landing LNG development suffered a significant setback when it lost an expected supply stream from Arrow Energy. But with Chinese backing and proprietary technology, the developers of the less-known project are confident of success.

3 February 2012
Exploration & Production

Australia’s fading magnetism

While two of the big majors this week emphasized their intent to continue pouring money and resources into their immense – and growing – Australian LNG developments, analysts are warning that Australia’s booming sector is entering a period of discontent.

3 February 2012
Exploration & Production

Attention shifts back to Australia’s onshore reserves

>While Australia’s distant offshore gas reserves and the lure of their LNG potential has garnered most of the international majors’ attention in the past few years, onshore exploration and production has faltered – until now.

2 February 2012
Exploration & Production

SBM Offshore awarded $500 million contract by Ichthys

Holland’s SBM Offshore has been awarded a $500 million contract by the Ichthys LNG project, the company announced on Tuesday.

2 February 2012
Policy & Regulation

Woodside Petroleum accused

An environmental group in north-western Australia has accused Woodside Petroleum of illegally drilling for gas at James Price Point last year.

1 February 2012
Exploration & Production

Wortel project starts producing gas

Australia’s Santos has started producing gas from its Wortel project off the coast of East Java, Indonesia, it announced on Wednesday.

1 February 2012
Exploration & Production

GE awarded $1 billion supply contract

GE Oil & Gas has been awarded a contract worth over $1 billion to supply equipment and services for the Ichthys LNG development in northern Australia, it announced on Monday.

31 January 2012
Exploration & Production

CBM, LNG output offsets conventional declines

Australia’s coal-bed methane (CBM) and LNG output both climbed between 2010 and 2011 whereas conventional gas production continued to decline, keeping overall production mostly stable year-on-year,

31 January 2012
LNG

Chevron pleased with Gorgon, Wheatstone progress

Chevron’s Western Australian Gorgon LNG development is more than one-third complete and on track to begin operating the 15 million ton per annum liquefaction facility by late 2014, Chairman and Chie

30 January 2012
Exploration & Production

Thiess and BESIX JV win Chevron contract

A joint venture between Australia’s Thiess and Belgium’s BESIX has won a $260 million contract to develop the breakwater and materials offloading facility for the Chevron-operated Wheatstone LNG development in Western Australia, Thiess parent Leighton Holdings announced on Monday.

30 January 2012

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