The company also said it is now targeting a final investment decision on the $20.5 billion Browse project in first-half 2021.
ConocoPhillips has agreed to sell its northern Australian business to its partner Santos Ltd. for $1.39 billion, in a deal that will boost the Australian oil and gas group's output by 25%.
Senex anticipates Surat Basin gas production will reach 18 petajoules per annum by the end of fiscal year 2021.
Australia's Santos Ltd. said on Oct. 8 results from a closely watched appraisal well showed its Dorado field in Western Australia could produce at the higher end of expectations.
Several companies grabbed acreage in waters off Western Australia last year after Quadrant Energy, now owned by Santos Ltd., struck oil in the Dorado Field, Australia’s biggest oil find since 1996.
The project will commence in fourth-quarter 2019 with an approximate duration of two months.
Papua New Guinea's biggest company Oil Search Ltd. said on Oct. 1 long-serving managing director Peter Botten will retire from the firm next year after 25 years in the role.
Finding suitable applications for artificial intelligence and then implementing them at scale has challenged the oil and gas industry for many years. At Offshore Europe, Woodside Energy’s head of robotics, Alison Barnes, explained how the technology is being put to good use at its Pluto LNG facility in Australia.
Atlassian Corp. co-founder Mike Cannon-Brookes has pledged to help fund an ambitious A$20 billion (US$14 billion) project to supply solar power from northern Australia to Singapore by a subsea cable, an Australian newspaper reported on Sept. 25.