The Australian Petroleum Production & Exploration Association (APPEA) has hailed a supply deal between Shell Australia cum PetroChina owned Arrow Energy to supply gas from the massive Surat Basin to the QCLNG LNG export facility at Gladstone, Queensland.
The oil and gas sector on the Australia Securities Exchange continued a rejuvenating recovery in 2017 with market cap growth of 20% in the last year.
Sydney independent oil and gas producer AWE Energy has announced one of the highest onshore flow rates in the history of the Australian oil and gas industry.
The Australian federal government has awarded a contract to study the feasibility of a west to east gas pipeline stretching across the length of Australia and to report back to the government in March next year.
The Australian oil and gas producer delivered ‘outstanding’ test results from its onshore project in the Perth Basin.
The deal comes after Origin Energy agreed to release more gas for domestic use following a meeting between Australia’s Prime Minister and major east coast gas suppliers.
Forecasts indicate that the domestic gas shortages from next year could be three times greater than initially feared.
Association’s chief urges states to back off fracking inquiries to facilitate greater supply in the east.
The Australian-based E&P finds the Northern California ripe for drilling success.
Speaking at SEAAOOC, Santos’ Kevin Gallagher said Australia should encourage shale gas development to drive down energy prices.
