Australia

Exploration & Production

Australia’s Santos Raises Forecast For 2025 Production By 20%

The company plans to produce 120 million barrels of oil equivalent (MMboe) a year by 2025, up from a forecast of 100 MMboe previously.

December 3, 2019

Highlights

Best Of This Week’s Drilling Activity Highlights (Nov. 22, 2019)

More EOG Wolfcamp completions, Cabot Marcellus Shale results and a Powder River Basin wildcat top this week’s drilling activity highlights from around the world.

November 22, 2019

Exploration & Production

Australia’s Woodside Sees Reserve Base Tripling As New Projects Progress

Success in those projects would result in its reserve base reaching 3.7 billion barrels over the next seven years and help Woodside expand production by 6% a year over the next decade, the company said.

November 19, 2019

Field Development

Australia’s Woodside, BHP Agree On Tolling Terms For Scarborough Gas

The breakthrough follows months of talks between the two companies over what to charge for processing gas from the field through Woodside’s Pluto LNG plant.

November 18, 2019

People

BHP Group Taps Mike Henry For CEO Role

Henry was named Nov. 14 as the successor to Andrew MacKenzie.

November 14, 2019

Public Capital , Earnings , Deepwater

Miner BHP Taps Oil, Gas For Growth After Shale Exit

Last year, BHP ended a massive loss-making seven-year foray into shale by selling most of its U.S. onshore shale oil and gas assets to BP for $10.5 billion.

November 11, 2019

Exploration & Production , Liquefied Natural Gas (LNG)

Australia Bustling With Exploration And Discovery

The energy industry witnessed record production as state governments and operators ramped up operations.

November 1, 2019

Exploration & Production , Deepwater , Technology , Pressure Pumping , Subsea

Subsea Compression: Developing Solutions To Keep Gas Flowing

As oil and gas fields become depleted, energy companies are looking at how they can extend the life of operating fields, unlocking low-pressure reserves from reservoirs to maintain plateau production rates.

November 1, 2019

Trends

A&D Transactions From The Week Of Oct. 23, 2019

Here’s a snapshot of energy deals from the past week including another multimillion-dollar royalty sale in the Appalachian Basin by Range Resources.

October 23, 2019

Exploration & Production

Oil Search Lowers 2019 Production Outlook, Slashes Capex On Project Delays

For the three months to Sept. 30, production slipped 10% to 6.81 million barrels of oil equivalent (MMboe)—its lowest September quarter output since 2014.

October 22, 2019