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BHP Handing Smaller than Expected $3.9B Clean-up tab to Woodside in Oil Merger

Sep 14, 2021

BHP Group will transfer a smaller-than-expected $3.9 billion in oil and gas decommissioning liabilities to Woodside when it merges its petroleum business with the independent Australian gas producer.Woodside's shares jumped 6.5% after the figure was disclosed in BHP's annual report on Tuesday…

BW Offshore In Barossa FPSO Equity JV Partnership

Sep 10, 2021

FPSO leasing firm BW Offshore on Friday announced a partnership with international global infrastructure investors for the equity financing of the FPSO for Santos' Barossa gas field offshore Australia.Earlier this year Santos and BW Offshore…

Santos, Oil Search Agree to Merge Despite PNG Scrutiny

Sep 10, 2021

Santos sealed an agreement to buy Oil Search to create a global top 20 oil and gas company, the companies said on Friday, even as the Papua New Guinea government raised concerns that a takeover could harm national interests.The deal will make…

Asia Eyes Australia Blueprint as $100B Oil and Gas Decommissioning Bill Looms

Sep 08, 2021

Australia has passed legislation that could set a precedent for who pays to clean up the fossil fuel industry in Asia, making former owners of oil and gas fields responsible for the costs of dismantling facilities if later owners fail.The new…

Australia: Western Gas Finds Drilling Partner for Sasanof-1 Offshore Well

Sep 07, 2021

Australian oil and gas company Western Gas, the operator of the offshore Exploration Permit WA-519-P in W. Australia, has found a partner to fund part of the drilling costs for the Sasanof-1 offshore exploration well.The partner is the ASX-listed Global Oil and Gas Limited…

CHC Buys Babcock's Offshore Helicopter Business

Sep 03, 2021

Offshore helicopter transportation company CHC has said it has completed the acquisition of Babcock International’s offshore oil and gas aviation business. The acquisition, first announced in March, will increase CHC's offshore crew transportation…

Carnarvon Hires Valaris Jack-Up Rig for Buffalo Well in Timor Sea

Sep 02, 2021

Australian oil and gas company Carnarvon Petroleum has hired Valaris JU-107 jack-up drilling rig to drill the Buffalo-10 well in the Timor Sea.'The drilling operations are expected to commence once the rig has completed its current operations…

MAN Energy Solutions' Subsea Compressors for Chevron's Jansz-Io Project in Australia

Aug 31, 2021

Norwegian firm Aker Solutions has awarded MAN Energy Solutions the contract to supply subsea compressor units for Chevron's Jansz-Io Compression (J-IC) Project offshore Western Australia.The Jansz-Io field was first discovered in April 2000 and is a part of the Gorgon project…

Australia: New Law to Make Former Oil Field Owners Pay for Decom Works if Needed

Aug 30, 2021

Australia’s parliament last week passed legislation under which the government will be able to make offshore license owners pay for decommissioning and environmental remediation if they sell their offshore blocks and the new owner is then unable to meet its financial obligations…

Sapura Energy Bags FEED for Santos' Dorado Offshore Platform

Aug 26, 2021

Malaysia's Sapura Energy has won the FEED contract for the design, construction, and installation of the Wellhead Platform (WHP) for Dorado offshore development in Western Australia.The WHP will be an unmanned installation, located in 90 meters water over the Dorado oil and gas field…

Worley Names New CFO

Aug 24, 2021

Australian engineering firm Worley has appointed Tiernan O'Rourke to the position of Chief Financial Officer (CFO).'Tiernan will commence in the position later this calendar year and will be based at Worley’s headquarters in North Sydney,' Worley…

Oil Search Says Merger with Santos Crucial to Growth Plans

Aug 24, 2021

Oil Search Ltd will need billions of dollars to fund its growth plans, and tying up with Santos Ltd to create a A$20 billion ($14 billion) company will give it the access to capital that it needs, its boss said on Tuesday.Oil Search agreed to…

BHP at Risk of Credit Rating Downgrade on Oil Business Sale

Aug 24, 2021

BHP Group is at risk of a two-notch downgrade that would provoke its lowest ever credit rating as the sale of its petroleum business raises the miner's dependence on its major business of iron ore, S&P Global said on Tuesday.BHP has agreed to…

Worley Lands Jansz-Io Compression Gig with Chevron

Aug 23, 2021

U.S. oil giant Chevron has awarded the Australian engineering firm Worley a contract for the provision of engineering and construction management services in support of Chevron’s recently sanctioned $4 billion Jansz-Io Compression (J-IC) project in Australia…

Santos Selects Altera for Dorado FPSO FEED

Aug 23, 2021

Australian oil and gas company Santos has awarded the FEED contract for the FPSO for the Dorado project offshore W. Australia to Altera Infrastructure.Located in the Bedout Sub-basin, Dorado is an oil and gas project which is planned to be developed in two phases…

Current News

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Thai Oil Firm PTT Expands Pharma Business with $475M Alvogen Deal

New Worley Chief Financial Officer Set to Assume Role Next Week

New Worley Chief Financial Officer Set to Assume Role Next Week

Australian Parliament Clears Way for Offshore Wind Farms

Australian Parliament Clears Way for Offshore Wind Farms

Brent Drops Under $80 as Investors Wary of New Variant, Q1 Surplus

Brent Drops Under $80 as Investors Wary of New Variant, Q1 Surplus

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Keppel Nets $145,8M Orders for FPSO, FSRU Work

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SHI Demos SENSE IV, Its Own Natural Gas Liquefaction Process

DeltaTek's Cementing Tech Saves Petronas Time and Cost Offshore Mexico

DeltaTek's Cementing Tech Saves Petronas Time and Cost Offshore Mexico
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