Chevron, Partners to Proceed with $4 Billion Project at Gorgon LNG
The decision comes as Australia’s LNG exporters tout their role in helping Asian customers switch from using coal in power generation, while the Australian government faces pressure to do more to curb carbon emissions.
Santos Launches Design Work for $2 Billion First Phase of Dorado Project
Australian gas producer Santos kicked off the FEED process for its Dorado oil project on June 29, and said the first phase of the project will cost about $2 billion.
Australian Shale Play Tamboran to Debut, Defying Green Energy Push
Shale gas explorer Tamboran Resources is set to debut on the Australian bourse on June 30 in the country's biggest oil and gas float in a decade, pitching itself as a growth story despite the world's push toward greener energy.
Woodside Sees Some Cost Pressures Facing $11 Billion Scarborough Gas Project
The development offshore Western Australia will feed an expansion of Woodside’s Pluto LNG plant.
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.