Santos announced Tuesday it has confirmed significant gas resource in the Corvus-2 appraisal in the Carnarvon Basin, offshore Western Australia.Corvus-2 is located in 63 meters water depth, approximately 90 kilometers northwest of Dampier in Commonwealth waters within petroleum permit WA-45-R…
After heavy spending on developing LNG export capacity Oceania companies focus on expansion and backfillAustralia is well positioned to maintain its role as an important supplier of the world’s energy needs, particularly in the Asia-Pacific region…
Australian oil and gas exploration and production company Carnarvon Petroleum has secured a Noble Tom Prosser jack-up drilling rig for two appraisal wells at the Dorado joint venture oil, gas and condensate discovery offshore Western Australia…
Quadrant Energy is lining up drilling the Phoenix South-3 well in the Roebuck Basin offshore Western Australia, using Transocean's Development Driller-1 semisubmersible rig. The rig is about to start its voyage to Western Australia…
Australian operator Northwest has signed a contract with ENSCO for use of the ENSCO 10 jackup to drill the Dorado-1 exploration well in exploration permit WA-437-P in the North West Shelf of Australia, according to partner Carnarvon Petroleum…
Drilling contractor Seadrill reported today (24 August) that it would likely file for Chapter 11 bankruptcy on or before 12 September to implement its comprehensive restructuring plan. Source: Seadrill The…
Quadrant Energy has agreed a contract with Transocean to drill the Phoenix South-3 well in the WA-435-P exploration permit on the North-West Shelf of Australia. Drilling is due to start between 1 February and 1 April 2018 using the GSF Development Driller-1…
Quadrant Energy is in the final stages of evaluating tenders for a semisubmersible to drill the Phoenix-3 South well offshore Western Australia in early 2018. Source: Carnarvon Petroleum The…
Carnarvon Petroleum has increased its resource estimates by 32% at Quadrant Energy’s Phoenix South discovery offshore Western Australia, with hopes of reaching 1Tcf of gas and more than 100 MMbbl oil and condensate within an area. Phoenix…
Sri Lanka’s government is offering a tender for Block M2 later this year, giving companies opportunities to undertake appraisal and development of gas discoveries and prospects, according to the country’s Ministry of Petroleum Resources Development…
Quadrant Energy is planning formation testing on the Roc-2 well over the next 7-10 days, according to partner Carnarvon Petroleum. Carnarvon announced a discovery on the well, in the North West Shelf, offshore Western Australia, earlier this month…
Freeport-McMoRan’s (FCX) net loss of US$4.1 billion in Q4 2015 has led to several cuts across the company, including deferring exploration and development activities in the Gulf of Mexico by idling its three deepwater drillships that are currently under contract…
Seadrill is exercising its right to cancel the construction of the newbuild West Mira after Hyundai Heavy Industries failed to deliver the vessel on time. West Mira illustration. From Seadrill…
Seadrill is keeping with its cost management program in part by delaying newbuilds, but still experienced a 7.8% decrease in revenue in 2Q 2015. The West Vela. From Seadrill. Currently…
Phoenix, Arizona-headquartered Freeport-McMoRan boosted its production estimates on both its Holstein Deep and Dorado developments in the Gulf of Mexico, the company announced on 4 December. Freeport-McMorRan said it expects to achieve 30…
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