Australia & New Zealand News - page 21


Oil Search Rejects $6.5B Takeover Offer from Santos

Jul 20, 2021

Oil Search rejected an unsolicited takeover proposal from Santos Ltd that valued the Papua New Guinea-focused oil and gas producer at A$8.8 billion ($6.5 billion), the two companies said on Tuesday.Oil Search said the offer was not in the best interests of shareholders…

Australia: WesternGas to Drill Sasanof-1 Well Using Valaris Rig. Taps AGR for Well Management

Jul 12, 2021

Australian oil and gas company Western Gas, the operator of the offshore Exploration Permit WA-519-P, said Friday it would drill the Sasanof-1 exploration well offshore Western Australia in Q1 2022, using a Valaris semi-submersible drilling rig…

Woodside Fixing Corrosion Issue at Plant that Processes Gas from Offshore Fields

Jul 09, 2021

Woodside Petroleum is rectifying a corrosion issue identified during planned maintenance at the Karratha gas plant in Western Australia, a company spokesperson said on Friday.'We have discussed with the regulator and are taking all necessary…

Transborders' FLNG Solution Re-Awarded Major Project Status by Australian Gov't

Jul 09, 2021

Australia's Transborders Energy, a company working to develop an FLNG solution for marginal field developments, said Thursday that its FLNG Solution development had secured the Major Project Status (MPS) renewal from the Australian Commonwealth Government…

Santos Taps McDermott for Bayu Undan EPCI

Jul 07, 2021

Oilfield services company McDermott has won a contract to deliver subsea systems for Santos' Bayu Undan field in the Timor Sea.The contract is for a Subsea, Engineering, Procurement, Construction and Installation (EPCI) of equipment at the Bayu-Undan Infill Well Phase 3C Project…

Aker Solutions Confirms Major Subsea Compression Contract with Chevron

Jul 06, 2021

Norway's Aker Solutions confirmed Tuesday it had secured a 'major contract' from Chevron to provide a subsea gas compression system for the Jansz-Io field, offshore Western Australia. The contract follows Chevron's sanction of the $4 billion project last week…

Australian Gov't Invites Expressions of Interest for Timor Sea FPSO Decommissioning

Jul 05, 2021

The Australian government on July 1 released a Request for Expressions of Interest (REOI) for Phase 1 works related to decommissioning of the Northern Endeavour FPSO currently at Laminaria-Corallina oil fields in the Timor Sea.After the offshore fields' owner…

Jadestone, OMV Extend Long-stop Date for New Zealand Oilfield Transaction

Jul 02, 2021

Oil and gas companies Jadestone Energy and OMV New Zealand have given themselves more time to complete the transaction related to the Maari offshore field in New Zealand.Singapore-based Jadestone in November 2019 agreed to buy OMV's 69% operated interest in the Maari Project for $50 million…

Chevron Sanctions $4B Jansz-Io Compression Project Offshore Australia

Jul 02, 2021

Oil and gas major Chevron as the operator of the Gorgon gas project has, with its partners, agreed to proceed with the Jansz-Io Compression (J-IC) project, offshore W. Australia. The investment is estimated at around $4 billion (AU$6 billion)…

Carnarvon Picks Jack-up Rig for Buffalo Well in Timor Sea

Jun 30, 2021

Australian oil company Carnarvon Petroleum has selected a jack-up drilling rig for the Buffalo-10 well offshore Timor-Leste, planned to be drilled in October of this year.The company has signed a letter of intent with an undisclosed offshore drilling contractor…

Australia's Oil Industry Slams 'Extreme' Levy for Timor Sea Field Decommissioning

Jun 29, 2021

Australia's oil industry lobby group on Tuesday slammed as 'extreme' the amount the government has proposed as a levy on all of the country's offshore oil producers to cover the cost of decommissioning an offshore field.The levy was announced in May…

Australia: Santos Starts Dorado Offshore Field FEED

Jun 29, 2021

Australian oil and gas company Santos on Tuesday announced the start of Front-End Engineering and Design (FEED) for the Dorado field development in the Bedout Sub-basin, offshore Western Australia. Contracts are expected to be awarded in the next few months…

Australia Tells Companies to Nominate Acreage for Offshore Carbon Storage

Jun 16, 2021

Australia asked companies on Wednesday to nominate offshore acreage they want to explore for places to bury carbon dioxide, part of a government drive to promote carbon capture and storage (CCS) to help cut emissions.'The coalition government…

Australia Opens Bidding for Offshore Exploration Acreage

Jun 15, 2021

Australia has this week opened bidding for the 2021 Offshore Petroleum Exploration Acreage Release, offering areas with around 80,000 square kilometers of new acreage available for exploration in Commonwealth waters.Minister for Resources, Water…

Decarbonization an Opportunity, Not a Threat for Australia, Santos CEO Says

Jun 15, 2021

Australia, the world's biggest exporter of coal and liquefied natural gas, should view decarbonization not as a threat but as an opportunity to create a 'new, large-scale industry' in carbon offsets, Santos CEO Kevin Gallagher said on Tuesday…

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