Offshore Australia/NZ News - page 38

Colloquy: Energy and Capital: Operators reinvest cash

Jul 21, 2014

Business is good in the oilfield, and as increased production and steady commodity prices contribute an influx of cash, operators are reinvesting in themselves, expanding their share buyback programs. Management usually says that…

Australian Parliament repeals maritime crew visas

Jul 17, 2014

On 17 July, senators in the Australian Parliament voted to disallow the Federal Government from continuing to issue Maritime Crew (subclass 988) visas to foreign workers for the purposes of working in Australia’s offshore oil and gas industry…

TMT ROVs en route to Brazil

Jun 12, 2014

Two Total Marine Technology ROVs have just passed deepwater acceptance tests to 3000m in the North Atlantic Ocean with perfect scores. The Typhoon MK2 ROVs are now on their way to Brazil as part of a five-year contract with Petrobras. In total…

Australia awards 9 offshore exploration permits

Jun 05, 2014

Industry Minister Ian Macfarlane announced the award of nine new permits located in Commonwealth waters offshore Western Australia, Victoria, and the Territory of Ashmore and Cartier Islands as part of round one of the Australian government’s 2013 Offshore Petroleum Exploration Acreage Release…

Australia debates offshore work visas

Jun 02, 2014

Australia's current federal coalition government seeks to abolish the work visa requirement for offshore oil and gas workers, over objections from the Maritime Union of Australia, according to ABC Rural. The former Labor government, under Gillard…

Apache to begin drilling Phoenix South-1 off WA

May 20, 2014

The Atwood Eagle semisubmersible drilling rig has been mobilized to the Phoenix South-1 well location within the WA-435-P exploration permit, off Western Australia. Perth-based partner Carnarvon Petroleum Ltd. said that operator Apache Energy Ltd…

Hydrography as a career

May 06, 2014

Considering a career in hydrography? This video provides some information on what a career in the field may entail.

Mobilizing subsea foundations

Apr 22, 2014

The Prelude FLNG subsea architecture, supported by traditional mudmats. image source: Shell. Mobile foundation technology could offer an economic solution to some stranded offshore hydrocarbon reserves…

OMV completes Mohua 2D in Taranaki basin

Apr 22, 2014

Octanex N.L. announced that OMV New Zealand Ltd. has completed the planned 2D seismic survey, named Mohua, in the Taranaki basin off New Zealand. OMV has confirmed the survey vessel, Aquila Explorer, commenced acquisition of the Mohua survey on 19 April…

More Pateke disappointments

Apr 15, 2014

AWE Ltd. recently announced that preparations are being made to drill a second sidetrack on the Pateke-4H development well, offshore New Zealand. Operations have been unable to drill past an obstruction in the lower portion of the first…

AWE wins exploration permit in Western Australia

Apr 09, 2014

AWE Limited announced that it has been awarded a new exploration permit offshore Western Australia, WA-497-P (formerly release area W13-18), as part of the Australia 2013 Offshore Petroleum Exploration Acreage Release. The permit covers…

Roc Oil exits BMG

Mar 31, 2014

Roc Oil has farmed out its entire interest in the Baker Manta Gummy (BMG) fields in the Bass Strait. The Australia-based firm sold its 50% interest and operatorship to Cooper Energy Ltd. for a US$924,959 cash payment, followed by a A$5 million contingent consideration…

Santos begins Peluang production

Mar 24, 2014

Australia-based Santos Ltd. announced that natural gas production has commenced ahead of schedule from the Peluang gas project offshore East Java in Indonesia. Sanctioned in February 2013, Peluang is a tie-back to the existing facilities…

CB&I wins $625m Wheatstone job

Mar 19, 2014

CB&I announced it has been awarded a contract by Bechtel valued at about US$625 million to provide structural, mechanical and piping construction work for all outside battery limits modules and associated units for the Chevron-operated Wheatstone Project at Ashburton North in Western Australia…

Cardno acquires PPI Group

Mar 19, 2014

Australia's infrastructure & environmental services consultancy Cardno Ltd. reported its largest acquisition to date with the purchase of the PPI Group of companies (PPI) headquartered in Houston, Texas for US$145 million. Cardno CEO…

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