Australia
Highlights , Shale Plays
Best Of This Week’s Drilling Activity Highlights (Jan. 24, 2020)
A Marcellus Shale discovery by EQT, Marathon’s Upper Three Forks completion and two horizontal Woodford producers top this week’s drilling activity highlights from around the world.
Exploration & Production
Australia’s Santos Posts Record Annual Production
The oil and gas producer said annual output rose to 75.5 million barrels of oil equivalent.
Liquefied Natural Gas (LNG)
Woodside Finalizes Deal To Supply Germany's Uniper With LNG From Scarborough
Woodside Petroleum Ltd. said on Dec. 24 it has signed an agreement to supply liquefied natural gas (LNG) to German utility Uniper SE for 13 years starting 2021.
Crude Oil
Oil Prices Rise In Quiet Christmas Eve Trade Amid Supply Cuts
Oil prices rose on Dec. 24 in thin pre-Christmas trading after Russia's energy minister said cooperation with OPEC to support the market would continue and as analysts forecast a second weekly decline in U.S. crude inventories.
Discoveries
Shell Makes ‘Significant’ Gas, Condensate Find Offshore Australia
The discovery was located within title AC/P64 about 160 km (99 miles) northeast of the Shell-operated Prelude floating LNG facility.
Exploration & Production , Transactions
ConocoPhillips Farms In To Otway Basin Offshore Australia
ConocoPhillips has reached an agreement with 3D Oil to take a 75% interest and operatorship of an exploration permit offshore Australia in the Otway Basin, the U.S. major said Dec. 18.
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.