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Inpex, Chevron Cutting Jobs in Australia

Sep 18, 2020

Inpex Corp said on Friday it expects to shed jobs at its Ichthys liquefied natural gas (LNG) project in Australia due to the slump in oil prices, but did not say how many would go.The cuts by Japan's biggest oil and gas company mark the latest in a swathe of job cuts across the industry in Australia and worldwide in the wake of the coronavirus pandemic, which has decimated fuel demand and battered prices…

Shell Working to Turn Around Troubled Australian Operations

Sep 15, 2020

Undaunted by hefty writedowns on its Australian gas assets, Royal Dutch Shell sees its liquefied natural gas business and 'new energy' acquisitions Down Under as core to its long term plans, the Australian unit's chairman said on Tuesday.As…

Oz Offshore Regulator Launches Probe after Eni's Subsea Buoy Comes to Surface, Posing Threat to Vessels

Sep 10, 2020

The Australian offshore safety agency NOPSEMA has ordered Eni to 'make safe' a floating mid-depth buoy at the Woollybutt field off W. Australia, after the buoy, normally chained 50 meters underwater, was spotted floating on the surface, posing a navigational threat to vessels passing by…

Jadestone Energy Declares First Dividend Despite Oil Slump

Sep 10, 2020

Asia Pacific-focused oil and gas production company Jadestone Energy declared a maiden interim dividend on Thursday and reported positive operating cash flows in the first half, despite a slump in crude oil prices.The maiden dividend payout…

Big Projects Will Be Needed to Fill Up North West Shelf's Spare Capacity, Woodmac Says

Sep 08, 2020

Woodside-operated North West Shelf (NWS) LNG project in Australia could have up to 7 million tonnes per annum (mmpta) of spare capacity available by 2027. This equates to 40% of the project’s nominal capacity, energy intelligence firm Wood Mackenzie said in a report this week…

Australia's Offshore Oil and Gas Industry Faces New Indigenous Heritage Test

Sep 07, 2020

A discovery of ancient artefacts on the seabed off Australia's west coast has opened up a new frontier for resource companies to watch out for in conserving indigenous heritage.Archaeologists in July reported they had found hundreds of stone…

MMA Offshore Nets Long-Term Charter Extension with Woodside for AHT Duo

Sep 04, 2020

Australian offshore vessel operator MMA Offshore has secured vessel charter extensions with Woodside Energy.The contracts are for two of MMA Offshore vessels and will run until March 2022.'These extensions increase the Company’s contracted revenue…

Kato Energy Files Amulet Offshore Project Proposal

Sep 04, 2020

Australian oil and gas company Kato Energy has filed an offshore project proposal for the development of the Amulet field - and possibly the Talisman field - on the North West Shelf, offshore of mainland Western Australia (WA).The field, located 132 km north of Dampier…

With Dampier Spirit FSO Set to Leave Stag Field, Jadestone Turns to Tankers

Sep 03, 2020

Oil and gas firm Jadestone Energy has signed new offtake arrangements for its Stag offshore oil field in W. Australia as the FSO used to take oil off the Stag platform is set to retire.Jadestone’s Stag oilfield produces crude oil via a fixed leg…

Airborne Oil & Gas to Deliver TCP Jumpers for Julimar Field in Australia

Sep 02, 2020

Airborne Oil & Gas has received an order for the delivery of two Thermoplastic Composite Pipe (TCP) Jumpers, in what the company says is the first time its TCP technology is being used in the region.The Dutch company has been contracted by Subsea 7 to supply 2” 10…

Exxon Considering Global Job Cuts after Lay-Off Plan in Australia Revealed

Sep 02, 2020

Exxon Mobil Corp is assessing possible worldwide job cuts, a spokesman said on Wednesday, after the company announced a voluntary lay-off program in Australia.Exxon is the latest oil major to embark on axing jobs spurred by a historic collapse in fuel demand because of the coronavirus pandemic…

Three Firms in Dorado FPSO FEED Contract Race

Aug 21, 2020

Three FPSO specialists are competing for Santos' Dorado FPSO front end engineering design contract, set to be awarded later this year.This is according to Carnarvon, Santos' partner in the Dorado field discovered offshore W. Australia in 2018…

Santos Cautious on Pandemic Recovery, Hangs On to Cash

Aug 20, 2020

Australia's No. 2 independent gas producer Santos Ltd paid out a weaker than expected half-year dividend amid uncertainty over a recovery from the coronavirus pandemic, as the oil market slump halved its first-half underlying profit.Disappointed investors sent its shares down more than 5%…

BHP to Sell Stake in Exxon-led Bass Strait Joint Venture

Aug 18, 2020

BHP Group said on Tuesday it plans to sell its 50% stake in the Australian Bass Strait oil and gas venture as it seeks to focus on its higher-value petroleum assets.The Bass Strait joint venture is co-owned and operated by Exxon Mobil Corp, which has also put its 50% stake up for sale…

Australia's North West Shelf LNG: Key Terms Agreed for Third-party Gas Processing

Aug 17, 2020

Australia's North West Shelf LNG venture has agreed key terms for processing third-party gas from the Pluto and Waitsia gas projects, operator Woodside Petroleum said on Monday.Gas from Woodside's Pluto project could start going into the North…

Current News

Petronas Pays $700M in Tax to Sarawak State after Dispute Settlement

Petronas Pays $700M in Tax to Sarawak State after Dispute Settlement

Inpex, Chevron Cutting Jobs in Australia

Inpex, Chevron Cutting Jobs in Australia

GC Rieber's Ice-Breaker to Stay in Sakhalin with Exxon for Three More Years

GC Rieber's Ice-Breaker to Stay in Sakhalin with Exxon for Three More Years

OPEC+ to Meet Amid Oil Price Decline

OPEC+ to Meet Amid Oil Price Decline

Report: Seven Xihe Holdings Tankers Up for Sale

Report: Seven Xihe Holdings Tankers Up for Sale

Dyna-Mac, Keppel Shipyard Enter MoU

Dyna-Mac, Keppel Shipyard Enter MoU

Iberdrola, Macquarie Enter Offshore Wind JV in Japan

Iberdrola, Macquarie Enter Offshore Wind JV in Japan

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