Rock Physics Diagnostics: A Prerequisite for Successful Modeling
An offshore Australia case study demonstrates a rock physics diagnostics workflow using three texturally different sandstones.
Exxon, Chevron Question Australia’s Industry-wide Levy to Clean Up Offshore Field
The government decided to impose the levy as it did not want taxpayers to cover the cost after the owner, Northern Oil & Gas Australia, went into liquidation.
Woodside Petroleum to Exit Chevron-operated Kitimat LNG Project
The exit of the Kitimat LNG development project would comprise the sale or wind-up of agreements and assets on the Pacific Trail Pipeline route and at the site for the proposed facility, Woodside Petroleum said.
Australia Hits Oil Producers with Levy to Decommission Abandoned Timor Sea Field
The move, announced in the government’s 2021-22 budget late May 11, came as a surprise as it was not flagged in a proposed new framework for decommissioning rules set out last month.
Energy A&D Transactions from the Week of May 5, 2021
Here’s a snapshot of recent energy deals including a Bakken deal between Oasis Petroleum and Diamondback Energy plus the sale of Hunt Oil’s Permian Basin asset in a transaction believed to be worth over $1 billion.
Energy A&D Transactions from the Week of April 21, 2021
Here’s a snapshot of recent energy deals including an acquisition by EOG Resources in Australia marking the Houston-based oil and gas producer’s entry into the country plus the closing of Equinor’s $900 million Bakken exit.
TechnipFMC Gets Go-ahead for Santos Barossa Project Offshore Australia
TechnipFMC has received a notice to proceed on April 26 for a significant subsea production system contract from Santos Ltd. for the Barossa project, located 300 km north of Darwin, Australia, at a water depth of approximately 130 m.
EOG Resources Strikes Deal for First Australian Venture
Houston-based EOG Resources agreed to pay $22.5 million, including contingent and production-linked payments, to acquire a stake in the giant Beehive oil prospect offshore Australia.
Woodside’s Interim Boss Banks on $11 Billion Scarborough Project
The company sees LNG demand growing 6% in 2021 and sees further strong growth among its key customers in Asia.
Exxon Mobil Cranks Up West Barracouta Offshore Australia
Exxon said the project enables the delivery of gas to southern and eastern Australian states, where a potential gas shortfall had been predicted as early as 2023.