Australia
Unconventional , Policy & Regulations , Technology , Joint Ventures
Australian National Audit Office: North West Shelf Gas JV Was Underpaying Royalties
The audit office questioned the eligibility of deductions claimed for the cost of debt and equity funded capital and the excise paid on crude and condensate, Reuters reported.
Unconventional , Acquisitions & Divestitures , Lease Sales
Terra Nova Will Acquire Additional Interest In Cooper Basin Licenses
Terra Nova also said that the board of directors approved a change of jurisdiction from the province of Alberta to the province of British Columbia in Canada.
Unconventional , Technology
Strike Energy Reports Update On Southern Cooper Basin Gas Project
The goal is to maintain stable and reliable operations as consistent water flow from all four Klebb wells will accelerate. Reservoir pressure reduction will lead to increased gas flow rates.
Unconventional , Natural Gas , Technology
Australia Has Rich Gas Reserves, But Faces Supply Crunch
Victoria has banned onshore gas developments including fracking, and New South Wales has restricted developments, limiting new supply, Reuters reported.
Unconventional , Technology
Bengal Energy Begins 2016 Cooper Basin Drilling Campaign
The five wells will be drilled back-to-back in the program, which will probably last about two and a half months, Bengal said.
Unconventional , Liquefied Natural Gas (LNG) , Policy & Regulations , Midstream
Woodside, Sempra Enter PDA For Port Arthur LNG Facility
The project pre-filed with the Federal Energy Regulatory Commission in March 2015, and this process is scheduled to be completed later this year, Sempra said.
Business , Unconventional , Acquisitions & Divestitures , Lease Sales , Mergers
Houston American Will Purchase Interest In Tamboran Resources
John Boylan, president of Houston American, also said that the Beetaloo/McArthur Basin compares favorably to U.S. shale plays: well logs on Tamboran's initial test well reflect potential resource recoveries equaling or exceeding the best U.S. shale plays.
Unconventional , Technology
Comet Ridge Provides Update On Mahalo 7 Well In Australia’s Bowen Basin
The gas rate in the proof of concept short horizontal well continues to build, and there is about 360 m of coal. Since mid-December, the gas rate has increased over time, and is now beyond 361Mcf/d.
Field Development , Unconventional , Liquefied Natural Gas (LNG) , Construction
Chevron Readies First LNG Cargo From Australian Mega Project
Natural gas supplies from the $54 billion project will come to market just as a raft of other Australian projects come on line and the U.S. is due to export its first cargo from abundant shale gas supplies.
Business , Unconventional , Acquisitions & Divestitures , Lease Sales
BHP Takes $4.9 Billion Write-down On US Shale Assets
Impairment is latest caused by BHP's badly-timed push into U.S. shale in 2011, when it spent $17 billion on two acquisitions while oil and gas prices were much higher, Reuters said.