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…
Australia’s Woodside Petroleum has signed a Cooperation Agreement with Chinese private sector gas distribution firm ENN Group under which the two companies will work together to explore a broad range of potential business opportunities.The Cooperation…
Elaine Maslin looks at some of the ongoing and proposed FLNG projects around the globe (First published in the December 2017 OE, access the full issue here). West Africa has seen a good amount of floating LNG project activity this year with three developments underway…
Norwegian cylindrical floating production unit designer Sevan Marine won a long-term framework agreement with US supermajor ExxonMobil. Sevan Marine has been working with ExxonMobil since 2015, when it was given a feasibility study to…
Australia's Woodside says the Scarborough project could move into front end engineering and design in 2017, with a final investment decision by 2020. Woodside acquired a stake in the ExxonMobil-operated license, containing the Scarborough field…
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…
UK independent Arenite Petroleum is seeking investors to help it drill a proof-of-concept horizontal well into UK Permian carbonates, as well as test an underlying Carboniferous strata. The move, which will target two horizons in the Permian carbonates…
Woodside has completed the acquisition of half of BHP Billiton’s Scarborough area assets in the Carnarvon basin, offshore Western Australia. The acquisition was concluded for a purchase price of US$250 million and a contingent payment…
For the offshore oilfield equipment and services industries, 2016 was a difficult year. Douglas Westwood’s Joel Hancock looks forward to see if there is a light at the end of the tunnel. The Maersk…
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…
Australian energy giant Woodside will acquire half of BHP Billiton’s Scarborough gas assets in the Carnarvon Basin, offshore Western Australia. Woodside will pay US$250 million on completion of the transaction and a contingent payment…
The market for floating production systems may have stalled, but FPSs will still be a key part of the offshore technology tool kit, outlines Douglas-Westwood’s Ben Wilby. The FPSO Cidade de Saquarema…
Infield Systems’ Catarina Podevyn takes a look at recent oil price movements and market conditions on the deepwater (500m+) capex spending up to 2019. Olympus platform in deepwater US Gulf of Mexico…
Australian oil and gas firm BHP Billiton has backed plans to develop what may be the world’s largest floating LNG project, saying it is “fully aligned” with partner ExxonMobil. But, the project is still facing difficulties, according to a statement from Exxon to news agency Bloomberg…
As Infield Systems prepares for the annual release of its Deep and Ultra-deepwater Market Report to 2018, we look to global development of the deepwater sector and the emerging trends over the forthcoming five years. Looking back over the previous five-year period…
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