For the first time in a decade, a massive new liquefied natural gas (LNG) project has been approved for construction in Australia, but the Scarborough venture's structure and market realities indicate it may well be the last of its kind.Woodside…
Australian shares ended higher on Tuesday, buoyed by gains in the mining and energy sectors, a day after BHP Group and Woodside Petroleum gave the final sign-off on their $12 billion Scarborough LNG project.The S&P/ASX 200 rose 0.78% to close at 7…
Houston-based offshore services firm Helix Energy Solutions has won a 5-well complete abandonment project by New Zealand’s Ministry of Business, Innovation & Employment (MBIE).Helix Energy Solutions will deploy its Helix Q7000 semi-submersible vessel and 10K Intervention Riser System (IRS)…
Woodside Petroleum and BHP Group gave their final go-aheads to spend $12 billion to develop the Scarborough gas field off Western Australia and expand the Pluto liquefied natural gas (LNG) plant, with the first cargo expected in 2026.The approval…
Lawyers for the Conservation Council of Western Australia have sent letters to Woodside Petroleum and the country's energy minister seeking to delay, if not stop, the company's Scarborough natural gas project.The letters were sent just weeks…
Offshore engineering and construction firm McDermott will deliver a booster compression module for the Inpex-operated Ichthys LNG development, having successfully completed FEED services.Under the contract award, McDermott will build the module…
Australian oil and gas company Woodside on Tuesday announced the resignation of its Chief Financial Officer, Sherry Duhe, to pursue a careeropportunity with another ASX-listed company.Woodside CEO Meg O’Neill said: 'Sherry’s financial and commercial…
Australia's Woodside Petroleum on Monday took a big step toward funding its biggest growth project, announcing the sale of a 49% stake in the planned expansion of its Pluto liquefied natural gas (LNG) plant in Western Australia.In a statement…
Chevron Corp and its partners in the Gorgon liquefied natural gas (LNG) project in Western Australia have agreed to buy carbon credits likely to cost more than $180 million as a penalty for failing to meet a five-year target for carbon capture and storage (CCS)…
Oil Search shareholders are set to vote on Dec. 7 on a merger with Santos Ltd after gaining approval from a Papua New Guinea court and a mixed endorsement from an independent expert.If it goes ahead, the A$8.8 billion ($6.5 billion) takeover…
Norwegian offshore energy equipment supplier Aker Solutions has won more work at Chevron's Jansz-Io subsea gas compression development, offshore Australia.After it in July secured a contract to deliver the subsea compression system for the project…
Woodside Petroleum slashed its gas reserves estimate for two fields at the Wheatstone project on Thursday, in an unexpected downgrade that knocked the top Australian oil and gas company's shares.The company also said it was on track to sell…
Matt Kay, the Managing Director and Chief Executive Officer of the Australian oil and gas company Beach Energy, has tendered his resignation and is departing Beach to pursue other professional opportunities. Morné Engelbrecht – who is currently…
East Timor wants to press ahead with plans for a carbon capture and storage (CCS) project in a depleted oil and gas field off its coast as it races to fill a multi-billion dollar revenue hole starting in late 2023 when the field dries up.The…
Australian offshore vessel operator MMA Offshore has secured a contract with Oil Search Limited in Papua New Guinea.The contract is for the provision of diving inspection services. 'The works will leverage the successful working relationship between MMA and Oil Search…
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