Australia Is Open For Business
Policy uncertainty, however, has not encouraged E&P activity.
New Seismic, Water Use Technologies Will Help Meet Global Energy Demand
New seismic techniques are being devised on Australia’s North West Shelf, while new methods for water use in fracing are being developed in the Permian Basin of Texas.
Unconventional Resources Help Put Australia On Path To LNG Dominance
Coalseam gas production is helping the country work toward meeting energy needs.
Fate Of Arrow Energy In Question As Company Faces Job Cuts
Dark clouds had been gathering over the Arrow LNG project for some time. Amid falling gas prices and rising construction and labor costs, a final investment decision on the project was pushed back from the start of 2013 until the end of 2013 before being postponed until 2014.
Shale’s ‘Next Big Play’ Draws U.S. Gas Producer To Australia
Australia has the seventh-biggest potential shale gas resources and sixth-biggest shale oil resources in the world, the U.S. Energy Information Administration estimated last June.
TransAlta Forms JV To Construct A Natural Gas Pipeline In Western Australia
It will be the longest gas pipeline built in Western Australia during the past 10 years.
PetroFrontier Announces 2014 Work Plan, Budget For Australia's Southern Georgina Basin
Under the terms of the amended farmin agreement between Statoil Australia Theta BV and PetroFrontier, Statoil has committed to spend a minimum of $50 million in phase 2A, which includes the Amy 2D seismic program completed in August of 2013 and the new vertical test wells.
Bengal Energy, JV Partner Abandon First Tookoonooka Well In Cooper Basin
Under the terms of the JV, Beach will fully fund the drilling of two exploration wells, and the acquisition of 300 km2 of new 3D seismic in Tookoonooka up to a total maximum value of AUD$11.5 million.
Schramm Acquires Air Drill & Sister Company In Australia
Since the 1990’s, Air Drill Pty Ltd. has been Schramm’s exclusive distributor for hydraulic top drive drill rigs in Australia, developing major market share for its rigs in mineral exploration, coal seam gas and water well drilling.
Shale Interest Remains In Cooper Basin
The basin has been called Australia’s 'lowest hanging fruit,' but challenges are present.