Offshore Australia/NZ News - page 49

IEA sees shifts in gas trade

Jun 08, 2016

The next five years will bring a reshaping of the global gas trade, the International Energy Agency (IEA) said in its 2016 Medium-Term Gas Market Report. New liquefied natural gas (LNG) supplies are coming online just as demand growth in some major markets weakens…

Ichthys uses Sonardyne SensorView

May 10, 2016

Software that enables acoustic data to be streamed in real-time from subsea structures as they are installed has helped to reduce non-production time (NPT) for independent oil and gas producer, INPEX, and its survey contractor, Neptune Geomatics…

Tracerco technology arrives in Australasia

Feb 26, 2016

Tracerco, an oil and gas service company part of Johnson Matthey, has brought its technology to the Australasia region, permanently basing their equipment at their Western Australia facility in Perth. OTC Spotlight on New Technology 2015 winner…

Wood Group expands automation services to Asia

Dec 15, 2015

Wood Group is continuing to expand its Automation and Control business, establishing automation capabilities at Wood Group Mustang’s Kuala Lumpur office to serve the Asia Pacific market. With this entry into the Asia Pacific markets,…

Drilling commences on Roc-1

Nov 25, 2015

Carnarvon Petroleum has announced that operator Quadrant Energy has spud the Roc-1 well on 24 November 2015. Drilling is expected to reach 4700m total depth, and take about 35-40 days trouble free. Well logging and sidewall coring is expected to take about 5-10 days on success case…

Mitsui acquires Kipper stake

Nov 09, 2015

Mitsui has reached an agreement with Santos concerning the acquisition of Santos' 35% working interest in the Kipper gas and condensate field offshore Southern Australia. The sales and purchase agreement was signed on 6 November 2015 between…

Origin in US$1 billion Contact deal

Aug 04, 2015

Origin Energy is entering a deal to sell 53% stake of its New Zealand subsidiary Contact Energy for approximately US$3.06 ($4.65 NZD) per share in an attempt to reduce the company’s debt and costs. Image of BassGas…

EnerMech promotes Conlon to director

Jul 09, 2015

Mechanical engineering group EnerMech has announced that general manager Niall Conlon has been promoted to director of its Australian operations, with Ciaran Hallinan taking over his role as general manager. The promotion is in recognition…

Polarcus extends Australian seismic scope

Apr 03, 2015

Polarcus has secured further industry prefunding enabling the expansion of the Capreolus 3D multi-client project offshore Australia. The additional pre-funding will see the survey expand northwards with an additional 7130sq km to be covered…

Drydocks World completes two turret modules for Shell Prelude

Aug 18, 2014

Dubai's Drydocks World has successfully completed turret modules 1 and 2 for the world’s largest floating liquefied natural gas (FLNG) facility. This innovative FLNG facility will be stationed at Shell's Prelude gas field off the northwest coast of Australia…

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…

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