Australia & Oceania

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
Companies & Finance

Western Australia to bring China into Browse

The Western Australian government is facilitating talks to bring China into the Browse LNG Development, The Australian reported on Saturday, citing state Premier Colin Barnett.

30 January 2012
Companies & Finance

Woodside considers selling a Browse LNG stake

Western Australia’s Woodside Petroleum on Friday confirmed that it is considering selling part of its 50% majority share in the troubled Browse LNG Development, but emphasised that it has not yet ma

27 January 2012
Exploration & Production

Conoco to being drilling at Browse this quarter

ConocoPhillips expects to begin a drilling programme at its Browse Basin joint venture off the north-western coast of Australia this quarter, slightly later than initially planned, Chief Financial Officer Jeff Sheets said on Thursday, according to The Australian.

27 January 2012
Exploration & Production

ExxonMobil restarts operations at PNG LNG

ExxonMobil has restarted operations at its PNG LNG project following a deadly landslide in the country, and said that the two-day pause would not delay the development, Reuters reported on Thursday.

26 January 2012
Supply & Demand

NZ oil and gas fields stand to grow from higher oil prices

If oil prices remain high in the coming years, they will encourage more oil and gas field development in New Zealand and lead to a rise in gas use in the 2020s, the country’s Ministry of Economic De

26 January 2012
Companies & Finance

AWE’s Indonesian buys receive praise

Australian explorer and producer AWE has decided to shrink its stakes in the Bass Basin at home and invest in two oil and gas production sharing contracts (PSCs) in Indonesia a move which has received praise from analysts for “ticking the boxes”.

25 January 2012
Companies & Finance

Inpex in talks over Ichthys financing

With a capital expenditure plan of $24.7 billion for its newly approved Ichthys LNG project, Japan’s Inpex is in talks about project financing with export credit agencies (ECAs) and major commercial

24 January 2012
LNG

Australian LNG faces uncertain future

Despite a recent boom, high prices, rising competition and environmental restrictions could be putting the future of Australian LNG at risk.

23 January 2012
Companies & Finance

Sinopec increases stake in Australian LNG

China’s Sinopec has increased its stake in the Australia Pacific LNG project by 10% to 25% for $1.1 billion, as well as signed a series of agreements with project partners ConocoPhillips and Origin Energy for additional LNG supply from the project.

23 January 2012
Companies & Finance

Aussie explorer gets IFC debt

Australian explorer Rialto Energy has reached an agreement with Washington-based lending arm of the World Bank the International Finance Corporation for an investment of up to $20 million for the deve

20 January 2012
Exploration & Production

InterOil hunts for more Papua New Guinea gas

Texas-based InterOil has begun an exploratory drilling campaign in Papua New Guinea, in the hopes of adding to its discoveries of the reserve-rich Elk and Antelope fields in the past five years.

20 January 2012
Exploration & Production

Chevron makes lucky 13th gas find in Western Australia

Chevron has made its fourth gas discovery in a year off the coast of Western Australia, further boosting its reserves for its three LNG developments in the area, the company announced on Thursday.

20 January 2012
LNG

Gloomy outlook for Australian LNG

Although analysts predict a tough year ahead for the Australian upstream oil and gas sector, some companies are optimistic about the future.

19 January 2012
Exploration & Production

Austrailian gas project nears completion

The BHP Billiton-ExxonMobil Bass Strait Turrum gas project in south-eastern Australia is 72% complete and expected to begin producing 5.7 MMcm/d in 2013, BHP said on Wednesday.

18 January 2012

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