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Australia & New Zealand News - page 21

 

Shell Weighs Sale of $2B-plus Share in Queensland LNG

Jun 03, 2020

Royal Dutch Shell is considering raising more than $2 billion from the sale of a stake in the common facilities at its Queensland Curtis LNG plant in Australia, according to a sale flyer reviewed by Reuters.'Royal Dutch Shell plc is considering a sale of a 26…

Melbana Gets More Time to Find Beehive Drilling Partner

May 29, 2020

Australian oil and gas company Melbana Energy has been given more time to work on its Beehive offshore prospect in the Bonaparte Basin off W. Australia.The company said Friday that the National Offshore Petroleum Titles Administrator had approved…

Santos Completes Acquisition of ConocoPhillips' Australia Assets

May 28, 2020

U.S. oil company ConocoPhillips has completed the sale of its Australia-West assets and operations to Australia's Santos.The two companies in October 2019 struck a deal for Santos to acquire ConocoPhillips’ northern Australia business with operating interests in Darwin LNG…

Woodside to Boost Vincent Crude Quality to Ride VLSFO Demand

May 21, 2020

Woodside Petroleum will improve the quality of Vincent crude by increasing its flash point from July so that it can be blended into very low sulphur fuel oil (VLSFO) and capture higher premiums, two sources told Reuters.Among crude grades, heavy sweet oil…

Australia: Polarcus Completes Petrel Survey for Neptune

May 21, 2020

Oil and gas company Neptune Energy on Thursday announced the completion of the acquisition of the 3D broadband seismic survey of the extensive Petrel field located in the Bonaparte basin of Australia.'The 2,900 km2 survey significantly expanded…

Santos Gets OK for Dorado Block Survey

May 13, 2020

Australia's offshore oil and gas safety body NOPSEMA has approved oil company Santos' plan to carry out a geotechnical and geophysical survey within Permit WA-437-P offshore W. Australia, containing the large oil discovery Dorado.Santos is planning…

NOPSEMA: Offshore Operators Well Equipped to Deal with COVID-19

May 06, 2020

Australian offshore oil and gas safety regulator NOPSEMA has said that the offshore oil and gas companies operating in the country are 'are equipped with adequate arrangements for protecting workers from infectious diseases such as COVID-19…

Woodside Holding Off on $11B Scarborough Project FID until Prices Improve

Apr 30, 2020

Woodside Petroleum's final investment decision on the $11 billion Scarborough gas project will require stable oil prices and credit ratings, the company's CEO said on Thursday.The company in March deferred a final investment decision on the…

Inpex Gets Nod for Further Subsea Installation Works at Ichthys

Apr 29, 2020

Australian offshore safety regulator NOPSEMA has approved Inpex's application to install Umbilicals, Risers and Flowlines (URF) infrastructure as part of the next stage of the development of the Ichthys gas and condensate field offshore W. Australia…

Inpex Sells Ichthys LNG at Record Low

Apr 28, 2020

Inpex sold a liquefied natural gas (LNG) cargo from Australia's Ichthys plant for loading in May at what traders say is a record low price.Inpex had offered two cargoes for loading in May and has sold at least one of them at about $1.70 to $1…

Diamond Offshore Sues Beach Energy for Terminating Drilling Contract

Apr 27, 2020

Bankrupt Diamond Offshore Drilling Inc has sued Australian oil and gas producer Beach Energy Ltd for abruptly terminating a $65 million drilling contract.Beach Energy ended the agreement, claiming Diamond Offshore missed a 'contractual milestone to deliver the rig'…

Santos Revenue Down. Says Has Strong Liquidity Position

Apr 23, 2020

Australia's Santos Ltd posted a 13% drop in first-quarter revenue on Thursday due to lower realized prices for oil and gas, but said it had sufficient liquidity and debt headroom to weather the recent crude price crash.The country's second-largest…

Jadestone Delays Stag, Montara Drilling

Apr 22, 2020

After recently delaying projects in Vietnam, London-listed oil company Jadestone Energy has decided to postpone infill drilling programs at its Stag and Montara offshore fields in Australia, in a move to reduce cash spending due to the oil price rout…

Beach Energy Ends Diamond Offshore Drilling Rig Deal Citing Late Arrival Date

Apr 20, 2020

Australian oil and gas company Beach Energy has terminated the contract for Diamond Offshore's Ocean Onyx semi-submersible drilling rig, citing delays in the rig's arrival.The rig was to be used by Beach Energy at the Victorian Otway Basin, however…

Woodside's Sales Slump as Coronavirus Cripples Demand

Apr 16, 2020

Australia's Woodside Petroleum Ltd said on Thursday that its sales slumped more than 20% in the first quarter, as the coronavirus pandemic and draconian measures to curb the outbreak crippled fuel demand globally.Oil and gas producers have been…

Current News

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More Than Two Dozen Missing after Ship Snaps in Two, Sinks Off Hong Kong

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Russia's Control of Sakhalin Project Could Pose Upside Risk to LNG Prices

Portugal's EDP to Scale Up Offshore Solar Plants in Southeast Asia

Portugal's EDP to Scale Up Offshore Solar Plants in Southeast Asia

India Imposes A Windfall Tax On Oil Producers and Export Duties For Oil Products

India Imposes A Windfall Tax On Oil Producers and Export Duties For Oil Products

Russia to Replace Sakhalin-2 Project Operator with New Firm

Russia to Replace Sakhalin-2 Project Operator with New Firm

State Agency Wants Net-zero Carbon Emissions from Australia's Giant LNG Plant

State Agency Wants Net-zero Carbon Emissions from Australia's Giant LNG Plant

Gazprom Cancels Dividend for First Time Since 1998. Shares Drop

Gazprom Cancels Dividend for First Time Since 1998. Shares Drop
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