"Australia" News

Australia: WesternGas to Drill Sasanof-1 Well Using Valaris Rig. Taps AGR for Well Management

Jul 12, 2021

Australian oil and gas company Western Gas, the operator of the offshore Exploration Permit WA-519-P, said Friday it would drill the Sasanof-1 exploration well offshore Western Australia in Q1 2022, using a Valaris semi-submersible drilling rig…

Chevron Sanctions $4B Jansz-Io Compression Project Offshore Australia

Jul 02, 2021

Oil and gas major Chevron as the operator of the Gorgon gas project has, with its partners, agreed to proceed with the Jansz-Io Compression (J-IC) project, offshore W. Australia. The investment is estimated at around $4 billion (AU$6 billion)…

Australia's Oil Industry Slams 'Extreme' Levy for Timor Sea Field Decommissioning

Jun 29, 2021

Australia's oil industry lobby group on Tuesday slammed as 'extreme' the amount the government has proposed as a levy on all of the country's offshore oil producers to cover the cost of decommissioning an offshore field.The levy was announced in May…

Decarbonization an Opportunity, Not a Threat for Australia, Santos CEO Says

Jun 15, 2021

Australia, the world's biggest exporter of coal and liquefied natural gas, should view decarbonization not as a threat but as an opportunity to create a 'new, large-scale industry' in carbon offsets, Santos CEO Kevin Gallagher said on Tuesday…

Australia's LNG Industry Sees a Somewhat Green Hydrogen Future

Jun 15, 2021

Having scaled the peak of becoming the world's top exporter of liquefied natural gas (LNG), Australia's producers of the super-chilled fuel are contemplating switching their industry around to become the global leader in hydrogen.The keynote…

Australia Tells Companies to Nominate Acreage for Offshore Carbon Storage

Jun 16, 2021

Australia asked companies on Wednesday to nominate offshore acreage they want to explore for places to bury carbon dioxide, part of a government drive to promote carbon capture and storage (CCS) to help cut emissions.'The coalition government…

Australia Opens Bidding for Offshore Exploration Acreage

Jun 15, 2021

Australia has this week opened bidding for the 2021 Offshore Petroleum Exploration Acreage Release, offering areas with around 80,000 square kilometers of new acreage available for exploration in Commonwealth waters.Minister for Resources, Water…

Australia's Offshore Decommissioning Levy Arbitrary and Disappointing, ExxonMobil, Chevron Say

May 20, 2021

U.S. oil majors Exxon Mobil Corp and Chevron Corp on Thursday branded Australia's proposed industry-wide levy to cover the cost of decommissioning an offshore oil field, which neither has had any stake in, as 'arbitrary' and 'disappointing'…

Australia: Sparrows to Maintain Cranes on Chevron's Wheatstone, Gorgon Facilities

May 26, 2021

Sparrows, a provider of energy industry engineering and maintenance services, has been awarded a contract by Chevron Australia to work on the Gorgon and Wheatstone natural gas projects.Sparrows said Wednesday it would support the safety and…

Asia, Australia Snub IEA's Call to Halt new Fossil Fuel Investments

May 19, 2021

Asian energy officials on Wednesday disputed the International Energy Agency's (IEA) call for no new oil, natural gas and coal investments for the world to be able to reach net-zero carbon emissions by 2050, viewing that approach as too narrow…

Australia: Gov't Stuns Oil Firms with Levy to Decommission Abandoned Timor Sea Field

May 12, 2021

Australia has stunned the oil industry with a levy to cover the estimated $200 million cost of removing facilities and cleaning up the area around an oil field off northwest Australia after the small company that owned the project collapsed…

Eni, Santos Eyeing Upstream, CCUS Collab

May 03, 2021

Italian oil company Eni and Australia-based Santos on Monday agreed to jointly seek cooperation opportunities in Australia and East Timor.Under the non-binding memorandum of understanding, the companies will look at potential optimizations, synergies…

Undertun Industri to Provide Gangway for MMA Offshore in Australia

Apr 20, 2021

Norway-based Undertun Industri has signed a contract to provide rental of a 15m Motion Compensating Gangway to the Australian offshore vessel operator MMA Offshore.'The gangway will provide safe and efficient crew transfer from an MMA Offshore…

Australia Gets Center for Oil and Gas Infrastructure Decommissioning

Mar 11, 2021

National Energy Resources Australia (NERA) has established what it calls The Centre of Decommissioning Australia (CODA), citing 'a much-needed collaborative effort to address the challenges and maximize the opportunities of decommissioning Australia’s aging oil and gas infrastructure…

Coatings Giant Hempel Buys Wattyl Australia and New Zealand

Apr 01, 2021

Coatings manufacturer Hempel has completed the acquisition of Wattyl Australia and New Zealand, increasing its footprint in Australia and New Zealand.On 18 February 2021, Hempel A/S signed an agreement to acquire leading paint and coatings manufacturer…

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