News
May 28, 2020
Production associated with the assets being sold averaged approximately 46 Mboepd for the first three months of 2020, and proved reserves were approximately 17 MMboe at year-end 2019.
News
May 19, 2020
The government plans to revamp the A$2 billion ($1.3 billion) Climate Solutions Fund, after an independent report published Tuesday found that stronger action was needed for the country to meet its climate commitments under the Paris Agreement.
News
March 06, 2020
Australia said it will sign a deal with the U.S. this week giving it access to crude oil from to America’s Strategic Petroleum Reserve during an emergency.
News
February 25, 2020
Equinor ASA has dropped plans for oil drilling deep in the ocean off Australia’s south coast following a sustained campaign from environmentalists who said the project posed too big a risk to the marine ecosystem.
Article
January 2020
Considerable potential remains in this gas-prone region
Article
May 2019
Talos Energy—alongside consortium partners Sierra Oil & Gas and Premier Oil—has provided an update on the Zama appraisal program in Mexico’s Block 7, in the prolific Sureste basin.
News
April 20, 2019
Jose Ramos-Horta says he is confident Australia will reimburse ‘every cent it wrongly received’ after the countries signed a maritime border treaty last year.
Article
February 2019
Rising oil supplies and falling prices in second-half 2018 constrained global drilling, but activity should post a measured gain in 2019. Virtually all the global oil production increase is due to U.S. shale activity.
Article
February 2019
Worldwide E&P expenditures should grow 8% during 2019. North America’s uptick will continue, but at a slower rate, while international activity should energize the OFS sector.
Article
February 2019
For years, Australia’s overall production rate has been shrinking. However, according to the U.S. EIA, additional production from new condensate and crude oil developments is expected to offset the decline over the next few years.
Article
January 2019
Total—alongside partners CNOOC Limited (45%), Petrobras (16%) and Nigerian National Petroleum Corp. (15%)—has begun producing from Egina field, about 93 mi off the coast of Nigeria.
Article
November 2018
The technologies and techniques presented significantly reduce deepwater subsea equipment installation and recovery costs, reduce upfront capital equipment cost and facilitate optimized field development.
Article
July 2018
Akofs Offshore has been awarded a contract for light well intervention services, using its 156-m vessel, Akofs Seafarer, for all Equinor-operated licenses, in the period 2020 to 2025.
Article
March 2018
The EPCI solution was just one of many engineering feats within the INPEX-operated Ichthys LNG Project, offshore Australia.
Article
March 2018
If the dam don’t break, recovery will continue
Article
March 2018
TAG Oil Ltd. (70%), operator of the Puka permit (PEP 51135) in New Zealand’s Taranaki basin, said the Pukatea-1 exploration well was drilled to 10,170 ft, MD, encountering variable hydrocarbon shows.
News
February 26, 2018
Exxon Mobil has shut production platforms and a processing plant in the highlands of natural gas exporter Papua New Guinea after an earthquake struck the Pacific nation.
News
February 23, 2018
Two of the world’s biggest energy producers have abandoned the sale of some of Australia’s oldest oil fields after running a 20-month sales process.
News
February 20, 2018
Wood has been awarded the brownfield engineering services contract for the INPEX-operated Ichthys offshore facilities, located 220 km off the coast of Western Australia and onshore liquefied natural gas (LNG) processing facilities in Darwin, Northern Territory.
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