Houston American Will Purchase Interest In Tamboran Resources
John Boylan, president of Houston American, also said that the Beetaloo/McArthur Basin compares favorably to U.S. shale plays: well logs on Tamboran's initial test well reflect potential resource recoveries equaling or exceeding the best U.S. shale plays.
Comet Ridge Provides Update On Mahalo 7 Well In Australia’s Bowen Basin
The gas rate in the proof of concept short horizontal well continues to build, and there is about 360 m of coal. Since mid-December, the gas rate has increased over time, and is now beyond 361Mcf/d.
Chevron Readies First LNG Cargo From Australian Mega Project
Natural gas supplies from the $54 billion project will come to market just as a raft of other Australian projects come on line and the U.S. is due to export its first cargo from abundant shale gas supplies.
BHP Takes $4.9 Billion Write-down On US Shale Assets
Impairment is latest caused by BHP's badly-timed push into U.S. shale in 2011, when it spent $17 billion on two acquisitions while oil and gas prices were much higher, Reuters said.
LNG: ‘Real’ Growth Yet To Come
LNG production, particularly in Australia and the U.S., ramps up, while demand takes a hit. How will the global LNG market react?
Through Agreement, Chevron Will Sell Gorgon LNG To Chinese Firm
The Gorgon project combines the development of the Gorgon field and the nearby Jansz-Io Field and is capable of producing 15.6 million tonnes of LNG a year, Reuters said.
BG's Queensland Curtis LNG Plant Fully Operational
The project is expected to produce enough LNG to load about 10 vessels a month by mid-2016, equivalent to exporting around eight million tonnes of LNG a year, Reuters reported.
Australia's Northern Territory Says No To Palatine's Fracking Plans
The Northern Territory government has shot down Palatine Energy’s plans to extract tight oil in the Watarrka national park, a move company managing director David Falvey has described as profoundly disappointing.
Transerv Touts Potential Of Perth Basin's Warro Gas Field
Transerv said Nov. 19 the impressive results of the review highlighted the immense potential for Warro to become a major player in the state’s domestic gas market.
Fracking Concerns Rife Among Community: Inquiry
A broad-ranging inquiry investigating hydraulic fracturing in Western Australia has found that there is a level of misinformation in the public domain associated with the drilling technique that can cause confusion and mistrust.