The oil and gas industry needs to focus on cost and competitiveness to thrive in the current low-oil-price environment, says Australian Petroleum Production & Exploration Association (APPEA) Chairman Martin Ferguson. His comments were echoed by Roy Krzywosinski…
Australia has total of 29 offshore blocks across eight basins up for bid that the government is offering up to investors in its annual Offshore Petroleum Exploration Acreage Release. Map of the Browse basin…
The National Offshore Petroleum Titles Administrator (NOPTA) has granted a six-month extension to the permit year 5 of NT/P68 located offshore northern Australia, said MEO Australia Ltd. Permit year 5 will now end 26 October, plus give…
Chevron Australia made an additional gas discovery at the Greater Gorgon Area in the Carnarvon Basin, offshore northwest Australia. The Isosceles-1 exploration discovery well found about 134m of net gas pay in the Triassic Mungaroo Sands in 968m water depth…
Rystad Energy’s Senior Analyst Bielenis Villanueva Triana ranks Mexico’s exploration competitiveness as compared to other global prospective areas. Fig. 1: Mexico’s petroleum provinces which have proven hydrocarbon potential…
The Duke, owned and operated by the Gardline CGG joint venture, has been selected by Geoscience Australia to acquire the Gippsland 2D Infill marine seismic survey offshore Victoria, Australia. Preparation for the project is underway and the expected start date is on 6 April 2015…
Perth, Australia, based explorer Tap Oil has been awarded 100% of Blocks W14-7 and W14-16 in the Barrow and Dampier sub-basins on Australia's North West Shelf. The blocks were awarded as part of Australia's Work Program Round 1, which…
Woodside Petroleum's proposed acquisition of Houston-based Apache's interests in the Wheatstone, Balnaves and Kitimat projects are moving forward after the Australian Competition and Consumer Commission (ACCC) announced that it will not oppose the deal…
Angus Rodger and Matt Howell discuss the exploration environment as well as the potential impact from the recent fall in oil prices on Australian and New Zealand projects. Graphs from Wood Mackenzie. Australia…
Hess’s Australian subsidiary, Hess Exploration Australia Pty Ltd. and the North West Shelf (NWS) signed a non-binding letter of intent (LOI) for Hess to develop its natural gas discoveries in its deepwater permits offshore northwestern Australia…
The North West Shelf (NWS) Project partners, led by Woodside Energy, have approved the A$1.2 billion subsea Persephone project, off the north-west coast of Australia. Persephone is the third major gas development for the NWS Project in the past six years…
Eni's Australian subsidiary decided to shed its stake in the Heron area off Northern Australia after opting out of plans to drill a second well inside permit area NT/P68. The Italian explorer also elected to hold its current 50% share in the Blackwood area…
Wood Group PSN (WGPSN) has secured a contract with Woodside in Western Australia which boosts Wood Group's maintenance and brownfield project portfolio in Australia. The scope of work includes the engineering, procurement and construction…
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…
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…
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