The Narrabri project, owned by Santos Ltd., could ease a looming gas shortage in eastern Australia, but is at risk of becoming a casualty in a weekend election in the country’s most populous state.
Vitol said its traded crude and products volumes rose to 7.4 million barrels per day last year, up from 7.2 million in 2017.
A recent directive from the country’s EPA provoked a backlash from the state and independent oil and gas company Woodside, which warned of job losses and risk to Australia’s status as an LNG superpower.
Climate change protesters ambush opening keynote targeting Woodside Petroleum and Chevron.
Aker Solutions has been awarded a master contract to support the delivery of a subsea compression system for the Chevron Australia-operated Jansz-Io Field offshore Australia, the company said on March 12.
Industry experts at Rystad Energy expect global deepwater oil production to surpass 10 million barrels per day (MMbbl/d) in 2019, an increase of 700,000 bbl/d compared to last year, as new offshore fields come online in places such as Angola, Norway and Nigeria.
The well hit gas and condensate with the net pay thickness about 34 m, according to a news release.
Australia's top two independent gas producers, Woodside Petroleum and Santos, are being urged by an activist investor to set carbon emissions targets for their businesses to help limit global warming.
Royal Dutch Shell and PetroChina joint venture Arrow Energy on Feb. 28 was granted leases for a AU$10 billion (US$7.2 billion) project to develop Australia’s biggest coal seam gas resource.
Here’s a snapshot of energy deals from the past week including a Marathon Oil’s exit from the U.K. North Sea and a $300 million acquisition in the Permian Basin by Ring Energy.
