Changes to the petroleum resource rent tax (PRRT) announced today by the Commonwealth must be assessed carefully by Australia’s oil and gas industry, said the Australian Petroleum Production & Exploration Association (APPEA).“Attracting investment…
The future of oil and gas exploration in Australia looks bright after new offshore petroleum exploration permits were awarded by the Government that could see more than $530 million invested over the next six years.Minister for Resources and…
Australian oil and gas company with a global presence Woodside announced that the Greater Western Flank Phase 2 (GWF-2) Project off the north-west coast of Australia has commenced gas production.A press release from the operator of the North…
Stena Clyde (Australia) Pty Ltd have decided to remove the Stena Clyde from active service and retire the rig from the Stena Drilling fleet.The rig has been warm stacked in Australia for the past three years and is presently in Singapore. Although…
Inpex Corporation announced the departure of its first shipment of condensate from the Inpex-operated Ichthys LNG Project.The cargo departed from the Project’s massive offshore floating production, storage and offloading facility - the Ichthys Venturer –moored in the Browse Basin…
Eni has acquired from Shell a 32.5% interest in and operatorship of the Evans Shoal gas field offshore northern Australia. Evans Shoal is in Retention Lease NT/RL7, in the north Bonaparte Basin around 300km northwest of Darwin, where the Darwin liquefied natural gas (LNG) plant is operating…
Australia's Santos has agreed to partly fund and lead a new 3D seismic survey over the beehive prospect in Australia's Bonaparte Basin in return for an up to 80% farm-in option in the permit. Santos calls Beehive, which sits on the WA-488-P permit…
The first shipment from Chevron’s Wheatstone liquefied natural gas (LNG) project in Australia has set sail for Japan. Wheatstone is Australia’s first third-party natural gas hub, which will enable future development of natural gas resources offshore Western Australia…
Chevron Australia and its 50:50 partner Woodside Energy have acquired exploration interests in three blocks in the Northern Carnarvon Basin off the Western Australia coast. Map of new acreage, from Chevron…
US oil major Chevron has decided to discontinue its exploration program in the Great Australian Bight, according to the country's industry body. BP dropped its plans for drilling two deepwater wells in the area after a tussle with…
Chevron has started LNG production at the Wheatstone Project in Western Australia. The first cargo is on track to be shipped in the coming weeks. At full capacity, the Wheatstone Project's two train LNG facility will supply 8.9 MTPA of LNG for export to Asia…
Australia’s marine energy companies have united in an industry task force to advance the commercialization of marine renewable technologies. Tidal and wave energy developers Atlantis Resources, Bombora Wave Power, BioPower Systems, MAKO Tidal Turbines…
Shell has confirmed that its massive Prelude floating LNG (FLNG) facility has arrived at its location in the Prelude field, offshore Australia. An aerial view of the Prelude FLNG, on its journey from South Korea to Australia…
The Australian government will complete a study into offshore gas basins in Southern Australia, as part of a US$90 million investment in domestic gas security and supply. Minister for Resources and Northern Australia Senator Matt Canavan said the study of the Gippsland…
Members on an Australian Senate Inquiry have mostly supported oil and gas activities in the Great Australian Bight, subject to robust regulatory standards, says the Australian Petroleum Production & Exploration Association (APPEA). The…
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