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%.
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.
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.
Australia’s Northern Territory recorded its highest levels of international trade in the year to 2019, reaching $8.1 billion with a 111.5% increase on the previous year, according to government figures. The result was mainly due to recent exports from INPEX’s Ichthys LNG project in Darwin, according to the Australian Petroleum Production and Exploration Association (APPEA).
Exxon Mobil Corp. said on Sept. 18 it was looking to sell its 50% stake in the Gippsland Basin oil and gas development in Australia's Bass Strait as part of a broader review of its global portfolio of assets.
Papua New Guinea's opposition leader, Patrick Pruaitch, on Aug. 30 pressed the nation's prime minister to back a gas deal with France's Total SA rather than seek changes and delay a $13 billion expansion of the country's gas exports.
Australia's No. 2 independent gas producer Santos Ltd on Thursday posted a 89% jump in half-year profit, boosted by its acquisition of Quadrant Energy and strong output from its Cooper Basin fields in South Australia.
The deal would instantly give Shell a power supplier with almost a quarter share of the commercial and industrial retail market in Australia, second only to Origin Energy in that space. It will also get two gas-fired power stations.
Australia's largest oil and gas company, Woodside Petroleum, on Aug. 15 posted a smaller half-year profit and cut its interim dividend, mainly due to extended maintenance period at its Pluto LNG facility, which led to production delays.