Japan's Mitsui & Co has put its 40% stake in the BassGas project off southeastern Australia up for sale, the company said on Thursday.Mitsui's stake in the BassGas project, which includes the undeveloped Trefoil gas project, could be worth about A$360 million ($244 million)…
Exxon Mobil Corp said on Wednesday 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.The sale could fetch up to $3 billion…
Beach Energy has awarded Baker Hughes, a GE company, a contract to supply subsea production systems for its Victorian Otway Basin brownfield development project located in offshore Victoria, Australia.The Otway Basin is approximately 500 kilometers…
The oil and gas producer in the Asia-Pacific region Santos has struck a joint venture (JV) agreement with fellow-listed Beach Energy to partner over four exploration permits in the Bonaparte basin, offshore northern Australia.The two companies will each hold a 50% JV interest in the four permits…
Semi-submersible drilling rig Ocean Apex, operated by Diamond Drilling, has been contracted by BP Developments Australia, for the drilling of the Ironbark prospect in exploration permit WA-359-P, in the Carnarvon Basin offshore Western Australia…
Australian Oil and gas explorer Beach Energy said it will sell a 40 percent stake in its Victorian Otway gas assets for USD 243 million, and trimmed its earnings and production guidance.Through their wholly-owned subsidiaries Lattice Energy Limited and OGOG (Otway) Pty…
Cue Energy Resources has agreed yet another extension to BP's 42.5% equity option over the exploration permit containing the Ironbark prospect offshore Australia. The extension on WA-359-P, as announced on 13 October 2016, is now extended until 25 April 2018…
Australia-based Beach Energy will farm into two adjoining permits in the Carnarvon Basin offshore Western Australia that contain the gas-condensate prospect Ironbark. Ironbark map. Source: Cue Under the agreement…
New Zealand Oil & Gas (NZOG) is upping the potential at the Barque prospect offshore New Zealand, following an updated analysis. Barque is offshore South Canterbury and North Otago, in the Canterbury basin, approximately 60km from shore east of Oamaruat…
Australia’s 3D Oil has commenced a farm-out process for its Otway Basin permit T/49P, offshore Tasmania. Image from 3D Oil. In T/49P, 3D Oil is the operator and holds 70% interest…
Beach Energy and Cooper Energy have accepted an offer from the National Offshore Petroleum Titles Administrator (NOPTA) to convert the Basker, Manta and Gummy gas field permits VIC/L26, 27, and 28 (BMG joint venture) in the offshore Gippsland Basin into retention leases…
A New Zealand joint venture consisting of New Zealand Oil & Gas (NZOG), Tag Oil, and Beach Energy will relinquish the Kaheru permit offshore New Zealand due to the current economic conditions, according to partner Tag Oil. Map of Kaheru…
Falklands and Mediterranean-focused explorer Rockhopper Exploration has taken a step forward in its plans to develop an offshore Italy oil field. The firm's Ombrina Mare field environmental impact assessment has been approved by Italy's…
Australia’s Woodside Petroleum will exit the Lake Tanganyika South block it farmed into last July, according to partner Beach Energy. Beach Energy made the announcement on 27 May that Woodside decided not to enter the next phase of exploration on the production sharing agreement (PSA)…
Perth, Australia-based Woodside Petroleum will farm into 30% of the Tilapia production sharing contract offshore Cameroon, the company announced on 14 October. The company signed an agreement with Tilapia partners Noble Energy and Glencore for the block…
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