Australia Threatens Gas Majors With ‘Action’ To Avert Domestic Shortage
ExxonMobil, Shell promise the government that natural gas will be available for domestic use.
E&Ps Land Grants To Develop Gas Resources In South Australia
Beach Energy, Santos, Strike and Senex have been named recipients of AU$24 million in grants from the South Australian government.
Australia Needs More Gas For Power As Three New LNG Plants Open
However, the need for more gas for power has arisen just as three new LNG export plants have opened in the northeast, tripling gas demand and drawing supply out of the domestic market, Reuters reported.
Meet Australia’s Oil And Gas Stock Star—In Alaska
Australia-based, but Alaska-focused 88 Energy was Australian Stock Index star as the country’s oil and gas sector climbed out of a very deep hole.
Australian National Audit Office: North West Shelf Gas JV Was Underpaying Royalties
The audit office questioned the eligibility of deductions claimed for the cost of debt and equity funded capital and the excise paid on crude and condensate, Reuters reported.
Terra Nova Will Acquire Additional Interest In Cooper Basin Licenses
Terra Nova also said that the board of directors approved a change of jurisdiction from the province of Alberta to the province of British Columbia in Canada.
Strike Energy Reports Update On Southern Cooper Basin Gas Project
The goal is to maintain stable and reliable operations as consistent water flow from all four Klebb wells will accelerate. Reservoir pressure reduction will lead to increased gas flow rates.
Australia Has Rich Gas Reserves, But Faces Supply Crunch
Victoria has banned onshore gas developments including fracking, and New South Wales has restricted developments, limiting new supply, Reuters reported.
Bengal Energy Begins 2016 Cooper Basin Drilling Campaign
The five wells will be drilled back-to-back in the program, which will probably last about two and a half months, Bengal said.
Woodside, Sempra Enter PDA For Port Arthur LNG Facility
The project pre-filed with the Federal Energy Regulatory Commission in March 2015, and this process is scheduled to be completed later this year, Sempra said.