Australia Bustling With Exploration And Discovery
The energy industry witnessed record production as state governments and operators ramped up operations.
Subsea Compression: Developing Solutions To Keep Gas Flowing
As oil and gas fields become depleted, energy companies are looking at how they can extend the life of operating fields, unlocking low-pressure reserves from reservoirs to maintain plateau production rates.
A&D Transactions From The Week Of Oct. 23, 2019
Here’s a snapshot of energy deals from the past week including another multimillion-dollar royalty sale in the Appalachian Basin by Range Resources.
Oil Search Lowers 2019 Production Outlook, Slashes Capex On Project Delays
For the three months to Sept. 30, production slipped 10% to 6.81 million barrels of oil equivalent (MMboe)—its lowest September quarter output since 2014.
Woodside Aims To Hit Go On $11 Billion Scarborough Gas Project In Early 2020
The company also said it is now targeting a final investment decision on the $20.5 billion Browse project in first-half 2021.
A&D Transactions From The Week Of Oct. 16, 2019
Here’s a snapshot of energy deals from the past week including Parsley Energy’s acquisition of its Permian neighbor Jagged Peak Energy in an all-stock transaction worth roughly $2.3 billion.
ConocoPhillips Sells Northern Australia Assets To Santos For $1.39 Billion
ConocoPhillips has agreed to sell its northern Australian business to its partner Santos Ltd. for $1.39 billion, in a deal that will boost the Australian oil and gas group's output by 25%.
Senex Energy Starts Gas Production At Project Atlas In Australia
Senex anticipates Surat Basin gas production will reach 18 petajoules per annum by the end of fiscal year 2021.
Australia's Santos Posts 'Extremely Positive' Oil Flow At Dorado Well
Australia's Santos Ltd. said on Oct. 8 results from a closely watched appraisal well showed its Dorado field in Western Australia could produce at the higher end of expectations.
Australia’s Explorers Step Up Hunt For Oil After Big Find
Several companies grabbed acreage in waters off Western Australia last year after Quadrant Energy, now owned by Santos Ltd., struck oil in the Dorado Field, Australia’s biggest oil find since 1996.