Offshore Australia/NZ News - page 44

 

Pertamina Buys NWS Condensate at 'Deep Discount'

Apr 08, 2020

Indonesia's state oil and gas company PT Pertamina has bought a cargo of Australian North West Shelf (NWS) condensate at a deep discount of $8 a barrel to dated Brent on a cost-and-freight (CFR) basis, three trade sources told Reuters on Wednesday…

Australia: Shell Postpones Crux Project FID

Apr 07, 2020

Royal Dutch Shell said on Tuesday its Australian unit and joint venture partners had decided to delay a final investment decision (FID) on the Crux gas project in offshore Australia that was initially planned for 2020.The Crux project is one…

Woodside Gets OK for Scarborough Proposal

Apr 02, 2020

Australian offshore oil and gas safety regulator NOPSEMA has approved Woodside's offshore project proposal (OPP) from for the development of the Scarborough gas fields off northern Western Australia.The OPP is the primary Commonwealth environmental…

Worley, Chevron Extend Service Contract in Australia

Mar 31, 2020

Australian energy services company Worley has secured an extension to an existing services contract with Chevron Australia.Under the contract, engineering and procurement services will be provided to support Chevron's Australian assets, including the Gorgon project…

Australia May Need LNG Imports from 2024

Mar 27, 2020

Australia will need to import liquefied natural gas (LNG) by 2024 for its southern states to avoid shortfalls unless more gas fields are developed locally and pipelines are expanded, the country's energy market operator said on Friday.Despite…

Woodside Halves Spending Plans. Delays Scarborough, Browse FIDs

Mar 27, 2020

Woodside Petroleum halved its forecast spending for 2020 and deferred go-ahead decisions for its two biggest gas projects to ride out the pain of the coronavirus pandemic and plunging oil prices.Australia's top independent gas producer said…

ConocoPhillips to Acquire 80% Stake in 3D Oil's Offshore Block

Mar 26, 2020

ConocoPhillips Australia is nearing completion of the previously proposed acquisition of majority interest in the offshore Tasmanian Permit T/49P from 3D Oil.First announced in December 2019, the deal entailed ConocoPhillips acquiring a 75 percent stake…

Oil Price Crash - Where Does Asia Go from Here?

Mar 17, 2020

Energy companies across the Asia Pacific responding to unprecedented challenges on multiple fronts 2020 has hit us like a fist. Coronavirus is already the most severe shock to hit the world economy since the financial crisis over a decade ago…

Santos Reviewing Spending Plans. Freezes Hiring, No Mass Job Cuts Planned

Mar 17, 2020

Santos Ltd, Australia's No. 2 independent gas producer, said on Tuesday it is reviewing all its capital spending plans in light of the collapse in oil prices and would stop all new hiring.Santos had planned to spend $1.45 billion in 2020, including $500 million on major growth activities…

Dorado Work Unaffected by Recent Global Events, Carnarvon Says

Mar 16, 2020

Carnarvon Petroleum, a partner in Santos-operated Dorado oil field off W. Australia, has said that work on the FEED for the Dorado development continues unabated by the recent global events.Carnarvon stressed that the spread of the COVID-19 virus and the fall in oil prices were serious matters…

Santos Preps for Yoorn-1 Drilling

Mar 12, 2020

Australian oil and gas operator Santos is planning to carry out an offshore survey in preparation for the proposed Yoorn-1 drilling in the offshore block WA-499-P, in W. Australia.According to an application filed this week, as part of the drilling preparatory work…

Santos Sells 25% in Darwin LNG and Bayu Undan Field for $390M

Mar 12, 2020

Australia's oil and gas company Santos will sell a 25% interest in Darwin LNG and Bayu Undan gas condensate offshore field to SK E&S for US$390 million with effect from October 1, 2019 with customary adjustments on completion.Santos also said…

Cooper Energy: Sole Field Gas Flows to Orbost Plant

Mar 11, 2020

Oil and gas company Cooper Energy focused on southeast Australia, has said that its Sole gas project has passed a critical milestone.The company said the milestone was achieved with the first flow of gas from the Sole gas field in the Gippsland…

Triangle Resumes Cliff Head Output After Halt Caused By Electrical Fault

Mar 11, 2020

Triangle Energy has restarted production at the Cliff Head Alpha Platform offshore Western Australia, following a halt caused by an electrical fault in February.'Production resumed on 10 March 2020 and following a thorough testing and inspection program over the last 24 hours…

TGS Plans 3D Seismic Survey in Carnarvon Basin off Australia

Mar 06, 2020

Norwegian offshore seismic data acquisition and processing company TGS is planning to carry out a seismic survey in the Carnarvon Basin, off Australia, and the Australian offshore safety regulator NOPSEMA has opened the TGS for public comment…

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