Offshore Australia/NZ News - page 4


Shell Sanctions $2.5B Crux Gas Field Development Offshore Australia

May 30, 2022

Shell said on Monday it had given the go-ahead to develop the Crux gas field offshore Australia, which analysts estimated would cost around $2.5 billion.Construction is expected to start in 2023 with first gas expected in 2027, which will feed the 3…

Western Gas Spuds Sasanof Well, Offshore W. Australia

May 27, 2022

Australian oil and gas company Western Gas has started drilling the Sasanof-1 exploration well offshore W. Australia, using Valaris' MS-1 semi-submersible offshore drilling rig.Western Gas said Friday that the well had been spudded with the jetting of the 36” conductor at a water depth 1068…

LNG Prices Could Stay High for a Few Years, Woodside CEO Says

May 25, 2022

Woodside Energy Group, Australia's top independent natural gas producer, sees liquefied natural gas (LNG) prices staying high for a few years as the market adjusts to supply disruptions after sanctions on Russia for its Ukraine invasion.'With the invasion…

Valaris MS-1 Offshore Drilling Rig Reaches Sasanof-1 Well Site

May 23, 2022

The MS-1 semi-submersible offshore drilling rig has arrived at the Sasanof-1 exploration well location on the North West Shelf, off Australia, the oil and gas company Western Gas, the Sasanof license holder, said Monday.The drilling rig completed…

S. Korea Court Dismisses Application Against Barossa Pipeline Funding

May 23, 2022

A South Korean court has dismissed an application from a group of Indigenous Australians to block South Korean export credit agencies from funding a deep-sea gas pipeline for the $3.6 billion Barossa gas project off northern Australia.People…

Inpex Plans Maintenance at Australia's Ichthys LNG from July 1 to Aug. 5

May 20, 2022

Japan's Inpex Corp plans to conduct scheduled maintenance at its Ichthys liquefied natural gas (LNG) plant in Darwin, Australia, from around July 1 to Aug. 5, a company spokesperson said on Friday.The company declined to comment on shipment plans during the maintenance period…

Woodside Shareholders Vote in Favor of Merger with BHP's Oil and Gas Business

May 19, 2022

Australian oil and gas company Woodside said that its shareholders voted to approve the proposed merger with BHP's oil and gas business at its Annual General Meeting on Thursday, with 98.66% of the votes in favor of the merger.'All conditions…

Australia's Gas Producers Cash in on Global Energy Security Fears. Giant Browse Project Gets New Momentum

May 19, 2022

Gas producers in Australia are dusting off plans for new projects as Asian customers fret over energy security following Russia's invasion of Ukraine and seek gas with lower carbon credentials.With sanctions on Moscow stalling Russian liquefied natural gas (LNG) export projects…

Australia's LNG Industry Takes Risky Bet on Carbon Capture: Russell

May 18, 2022

Australia's vast liquefied natural gas (LNG) sector is betting its future on carbon capture and storage (CCS), a technology it says is vital to decarbonization and is proven.Convincing everybody else is going to be the tricky part, especially…

Japan's Inpex Targets Australia for Growth

May 18, 2022

Inpex Corp, Japan's top oil and gas producer, wants to grow in Australia through expansion of its liquefied natural gas (LNG) output as well as hydrogen and nature-based carbon offset projects, a senior executive said on Wednesday.Inpex's $40…

Chevron Wraps Up Wheatstone Maintenance

May 17, 2022

Chevron Corp has completed maintenance work at its Wheatstone liquefied natural gas (LNG) plant, and the facility's two processing units, or trains, are now running, the operations head of its Australian business said on Tuesday.'We are still starting up our domgas (domestic gas) plant…

Woodside Sees Slim Risk of Big Share Selloff by BHP Investors

May 17, 2022

Woodside Petroleum does not expect heavy selling of the company's shares by BHP Group investors if Woodside's acquisition of BHP's petroleum business goes ahead in June, Chief Executive Meg O'Neill said on Monday.Woodside shareholders are set…

Sasanof-1 Drilling: Rig Preps, Checks Underway ahead of Offshore Mobilization, Western Gas Says

May 12, 2022

Valaris' MS-1 semi-submersible drilling rig, currently anchored in the Dampier outer harbor in Australia, is on schedule to start tow to the Western Gas' Sasanof-1 location on Monday, May 16, 2022, the oil and gas company said Thursday. 'Western…

Japan's Inpex Boosts Annual Profit Outlook on Soaring Oil Prices. Shares Abadi Plans

May 11, 2022

Japan's biggest oil and gas explorer Inpex Corp raised its net profit forecast for 2022 by 20% to a record 300 billion yen ($2.3 billion) thanks to higher-than-expected oil prices and a lower yen against the U.S. dollar.Its annual net profit…

SapuraOMV Spuds Kanga-1 Well Offshore W. Australia

May 10, 2022

SapuraOMV has started drilling at the Kanga-1 well in the WA-412-P offshore license in Western Australia, Finder Energy, a partner in the project said Tuesday.The well is located in the Dampier Sub-basin, around 20 km east of the Mutineer/Exeter and Fletcher/Finucane oil fields…

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