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.
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.
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.
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.
People
BHP Group Taps Mike Henry For CEO Role
Henry was named Nov. 14 as the successor to Andrew MacKenzie.
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.
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.
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.
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.
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.