Wheatstone News

Cue gives BP more time to take Ironbark stake

Dec 13, 2017

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…

Beach acquires Ironbark interest, option

Nov 29, 2017

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…

First Wheatstone LNG cargo sets sail

Oct 31, 2017

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…

Wheatstone LNG production starts

Oct 09, 2017

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…

Chevron, Woodside get three blocks off Western Australia

Oct 05, 2017

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…

BP gains further Ironbark extension

Oct 05, 2017

Cue Energy Resources has granted a further extension to supermajor BP to mull over the option of acquiring stake in the Ironbark prospect offshore Western Australia. Ironbark. Map from Cue. BP…

BP gets Ironbark extension

May 26, 2017

BP is getting an extension from Cue Energy Resources that will allow the UK supermajor more time to consider acquiring 42.5% stake in the permit in which the Ironbark prospect is thought to straddle on Australia’s North West Shelf. Map of Ironbark…

Aussie tax changes could risk investment

Feb 01, 2017

Although Australia has some of the most progressive fiscal regimes for offshore oil and gas, the country is being short-changed in LNG exports, which is on the verge of further expansion this year. Audrey Raj reports.  Shell’s…

Chevron posts 17% drop in revenue

Jan 27, 2017

Chevron posted total earnings of US$415 million for Q4 2016, however, posted a loss for full-year 2016 that the US supermajor says were due to the low oil prices. Image from Chevron. Chevron’s Q4 2016 earnings reflected a gain…

Searcher, CGG start Foxhound reprocessing

Jan 19, 2017

Searcher Seismic and partner CGG have started the PSDM reprocessing of about 1668sq km of 3D seismic data in the Carnarvon Basin, Western Australia. The project comprises broadband PSDM reprocessing of the Western portion of the existing Foxhound 3D Seismic Survey…

BP completes Ironbark acquisition

Dec 20, 2016

BP has completed its deal with Cue Energy to take 80% interest in and operatorship of permit containing the Ironbark prospect, offshore northwest Australia.  Under the deal, BP will fund 100% of the required work program on exploration permit WA-409-P for the next three years…

Chevron unveils $19.8 billion budget focused on short-term

Dec 08, 2016

More than 70% of Chevron's US$19.8 billion 2017 planned upstream investment will generate production within two years, the firm said yesterday.  Chevron says it is targeting shorter-cycle, high-return investments with its 2017 capital budget…

Chevron posts 35% fall in Q3

Oct 28, 2016

US supermajor Chevron reported a 35% decline for Q3 2016 when compared to 2015, and an even more drastic drop when looking at its total earnings for the first nine months of the year. Big Foot…

Chevron to start Wheatstone mid-2017

Oct 24, 2016

Chevron is setting its sights for mid-2017 for first liquefied natural gas (LNG) from its giant Wheatstone project in Australia, according partner Woodside Petroleum said. Illustration of Wheatstone…

BP bets on 'massive' Ironbark prospect

Oct 13, 2016

BP is to acquire a majority stake in two exploration permits containing the potentially massive Ironbark gas prospect on Australia's North West Shelf from Cue Energy Resources. The move will see BP acquire 80% interest in permits WA-409-P and WA-359P in the Carnarvon basin…

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