Australia

Acquisitions & Divestitures

ConocoPhillips Sells Northern Australia Assets To Santos For $1.39 Billion

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%.

October 13, 2019

Unconventional

Australia's Santos Posts 'Extremely Positive' Oil Flow At Dorado Well

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.

October 7, 2019

People

Oil Search Managing Director Peter Botten To Retire In 2020 After 25 years

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.

September 30, 2019

Digital Oilfield

Woodside Energy Moves Past Hype To Deploy Artificial Intelligence At Pluto LNG

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.

September 30, 2019

Liquefied Natural Gas (LNG)

LNG Drives Australia’s Northern Territory To Record Exports

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).

September 25, 2019

Acquisitions & Divestitures

Exxon Mobil Puts Australian Bass Strait Oil, Gas Assets Up For Sale

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.

September 18, 2019

International

Papua New Guinea Opposition Leader Urges Prime Minister To Back Total Gas Deal

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.

August 30, 2019

Earnings

Santos First-Half Profit Soars On Higher Output, Quadrant Buy

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.

August 21, 2019

Acquisitions & Divestitures

Shell Enters Australia Power Industry With $419 Million Bid For ERM Power

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.

August 21, 2019

Earnings

Woodside Petroleum’s Profit Falls On Pluto LNG Production Delay

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.

August 14, 2019