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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
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

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