Offshore Australia/NZ News - page 11

 

Asia Eyes Australia Blueprint as $100B Oil and Gas Decommissioning Bill Looms

Sep 08, 2021

Australia has passed legislation that could set a precedent for who pays to clean up the fossil fuel industry in Asia, making former owners of oil and gas fields responsible for the costs of dismantling facilities if later owners fail.The new…

Australia: Western Gas Finds Drilling Partner for Sasanof-1 Offshore Well

Sep 07, 2021

Australian oil and gas company Western Gas, the operator of the offshore Exploration Permit WA-519-P in W. Australia, has found a partner to fund part of the drilling costs for the Sasanof-1 offshore exploration well.The partner is the ASX-listed Global Oil and Gas Limited…

CHC Buys Babcock's Offshore Helicopter Business

Sep 03, 2021

Offshore helicopter transportation company CHC has said it has completed the acquisition of Babcock International’s offshore oil and gas aviation business. The acquisition, first announced in March, will increase CHC's offshore crew transportation…

Australia to Clear Path for Offshore Wind Farms

Sep 02, 2021

Australia's conservative government introduced legislation on Thursday that could help clear the way for offshore wind farms to go ahead in a country considered to have massive offshore renewable energy potential.The long-awaited legislation will set up a framework for building…

Carnarvon Hires Valaris Jack-Up Rig for Buffalo Well in Timor Sea

Sep 02, 2021

Australian oil and gas company Carnarvon Petroleum has hired Valaris JU-107 jack-up drilling rig to drill the Buffalo-10 well in the Timor Sea.'The drilling operations are expected to commence once the rig has completed its current operations…

MAN Energy Solutions' Subsea Compressors for Chevron's Jansz-Io Project in Australia

Aug 31, 2021

Norwegian firm Aker Solutions has awarded MAN Energy Solutions the contract to supply subsea compressor units for Chevron's Jansz-Io Compression (J-IC) Project offshore Western Australia.The Jansz-Io field was first discovered in April 2000 and is a part of the Gorgon project…

Australia: New Law to Make Former Oil Field Owners Pay for Decom Works if Needed

Aug 30, 2021

Australia’s parliament last week passed legislation under which the government will be able to make offshore license owners pay for decommissioning and environmental remediation if they sell their offshore blocks and the new owner is then unable to meet its financial obligations…

Woodside, Oil Majors, Work to Overturn $723M Timor Sea Field Decommissioning Levy

Aug 27, 2021

Woodside Petroleum said on Friday it is working with other companies on a plan to replace a proposed Australian government levy that would make offshore producers pay for the clean up of an abandoned oilfield in the Timor Sea.The government…

Sapura Energy Bags FEED for Santos' Dorado Offshore Platform

Aug 26, 2021

Malaysia's Sapura Energy has won the FEED contract for the design, construction, and installation of the Wellhead Platform (WHP) for Dorado offshore development in Western Australia.The WHP will be an unmanned installation, located in 90 meters water over the Dorado oil and gas field…

Worley Names New CFO

Aug 24, 2021

Australian engineering firm Worley has appointed Tiernan O'Rourke to the position of Chief Financial Officer (CFO).'Tiernan will commence in the position later this calendar year and will be based at Worley’s headquarters in North Sydney,' Worley…

Oil Search Says Merger with Santos Crucial to Growth Plans

Aug 24, 2021

Oil Search Ltd will need billions of dollars to fund its growth plans, and tying up with Santos Ltd to create a A$20 billion ($14 billion) company will give it the access to capital that it needs, its boss said on Tuesday.Oil Search agreed to…

BHP at Risk of Credit Rating Downgrade on Oil Business Sale

Aug 24, 2021

BHP Group is at risk of a two-notch downgrade that would provoke its lowest ever credit rating as the sale of its petroleum business raises the miner's dependence on its major business of iron ore, S&P Global said on Tuesday.BHP has agreed to…

Worley Lands Jansz-Io Compression Gig with Chevron

Aug 23, 2021

U.S. oil giant Chevron has awarded the Australian engineering firm Worley a contract for the provision of engineering and construction management services in support of Chevron’s recently sanctioned $4 billion Jansz-Io Compression (J-IC) project in Australia…

Santos Selects Altera for Dorado FPSO FEED

Aug 23, 2021

Australian oil and gas company Santos has awarded the FEED contract for the FPSO for the Dorado project offshore W. Australia to Altera Infrastructure.Located in the Bedout Sub-basin, Dorado is an oil and gas project which is planned to be developed in two phases…

Minister Blasts Activists Protesting Against Offshore Seismic Blasting in Australia

Aug 20, 2021

Australian Minister for Resources and Water Keith Pitt said Thursday that protestors attempting to disrupt gas exploration to the west of King Island in Australia's Bass Strait were wasting time and energy and has called for them to allow ConocoPhillips to proceed with work…

Current News

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Deirdre Michie to Step Down as Offshore Energies UK CEO

Deirdre Michie to Step Down as Offshore Energies UK CEO

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