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Oil & Gas

Santos announces farm-downs in Alaska
Santos announces farm-downs in Alaska
20th September 2023 By: Esmarie Iannucci

Oil and gas major Santos has announced plans to farm down half of its working interest in 148 exploration leases, covering more than 270 000 acres of land, on the Alaska North Slope in an agreement... 


Blue Energy stumbles on approvals decline
20th September 2023 By: Esmarie Iannucci

The share price of ASX-listed Blue Energy fell nearly 16% on Wednesday after the Queensland Department of Resources declined to grant the company nine potential commercial area (PCA) applications... 


Image shows a handshake
Comet Ridge cements first offtake at Mahalo
19th September 2023 By: Esmarie Iannucci

ASX-listed Comet Ridge has signed its first gas sales agreement for the Mahalo gas hub, inking a seven-year agreement with Queensland-owned CleanCo. CleanCo will take 3PJ a year of natural gas... 


Woodside advances CCS studies
15th September 2023 By: Esmarie Iannucci

Oil and gas major Woodside this week told shareholders that the company was progressing carbon capture and storage (CCS) studies, having signed a memorandum of understanding (MoU) with three... 


Strike awarded production licence at South Erregulla
13th September 2023 By: Esmarie Iannucci

ASX-listed Strike Energy has been granted a production licence by the Department of Mines, Industry Regulation and Safety over its South Erregulla gas field, in Western Australia. South Erregulla... 


EPA backs Woodside's solar plans
13th September 2023 By: Esmarie Iannucci

The Western Australian Environmental Protection Authority (EPA) has recommended the approval of oil and gas major Woodside’s solar facility plans in the Pilbara’s Maitland Strategic Industrial Area... 


Image shows the Northern Endeavour PFSO
Gov weighing safeguards to avoid Northern Endeavour repeat
13th September 2023 By: Esmarie Iannucci

The Australian government is considering ways to strengthen the existing financial assurance regime for offshore oil and gas titleholders, to better insulate taxpayers against future... 


Image shows the North Rankin complex
Decommissioning offering valuable opportunity for sector
13th September 2023 By: Esmarie Iannucci

The Australian government has released an issue paper on offshore decommissioning, which has highlighted the opportunities for the oil and gas sector. Speaking in Parliament, Resources Minister... 


Image shows Woodside CEO Meg O'Neill
Production starts at Shenzi North
13th September 2023 By: Esmarie Iannucci

Oil and gas major Woodside has started production at the Shenzi North project in the deep-water US Gulf of Mexico. Shenzi North is a two-well subsea tieback that takes advantage of the existing... 


Santos prices $850m bond
12th September 2023 By: Esmarie Iannucci

Oil and gas major Santos has priced a $850-million senior unsecured fixed rate bond transaction in the US market. The bonds have been priced at a fixed coupon rate of 6.875% for a period of ten... 


Image shows an LNG plant
WA gas market to remain tight in short term - report
11th September 2023 By: Esmarie Iannucci

An independent report into Western Australia’s gas market has found that domestic supply would remain tight until 2027, until new supply led by Perth Basin and Scarborough volumes came online.... 


Woodside inks CCS MoU with KEPCO
7th September 2023 By: Esmarie Iannucci

Oil and gas major Woodside will collaborate with Japanese company Kansai Electric Power Co (KEPCO) on carbon capture and storage (CCS). The two companies have inked a non-binding memorandum of... 


Image shows the Wheatstone platform
Chevron workers prepare for two week work stop
5th September 2023 By: Esmarie Iannucci

Up to 500 workers at US energy giant Chevron’s Gorgon and Wheatstone projects in Western Australia, are preparing for a two-week strike, starting on September 14. The escalation in notified... 


Kinetiko expects to complete Afro Energy buyout soon
4th September 2023 By: Darren Parker

Energy company Kinetiko Energy expects that it will formally close the acquisition of 100% of Afro Energy within the next few weeks.  Australia-headquartered Kinetiko is developing an energy... 


Exploration spend sets records for June quarter
4th September 2023 By: Esmarie Iannucci

New data from the Australian Bureau of Statistics (ABS) has shown that mineral exploration expenditure in Australia rose to record highs in the June quarter. In original terms, quarter on quarter,... 


Image shows an aerial view of the Gorgon operation
Workers reject Chevron's overtures
1st September 2023 By: Esmarie Iannucci

Workers at US energy major Chevron’s Gorgon and Wheatstone Downstream gas processing facilities in north-west Western Australia have rejected an enterprise agreement not endorsed by their... 


Image shows a handshake
Santos strikes deal on PNG LNG stake
1st September 2023 By: Esmarie Iannucci

Oil and gas major Santos has struck a $576-million deal to sell off a 2.6% participating interest in the Papua New Guinea (PNG) liquefied natural gas (LNG) project to Kumul Petroleum Holdings.... 


Image shows an LNG plant
More gas needed to avoid AEMO predicted shortfall - Appea
31st August 2023 By: Esmarie Iannucci

The Australian Petroleum Production and Exploration Association (Appea) said on Thursday there was an urgent need for more gas supply after the Australian Energy Market Operator (AEMO) said there... 


WA gas policy could curtail investment - MinRes
30th August 2023 By: Esmarie Iannucci

ASX-listed Mineral Resources (MinRes) this week said that Western Australia’s domestic gas policy could hamper the development of its onshore gas assets. During the company’s full-year results... 


Aus releases greenhouse gas storage acreage
30th August 2023 By: Esmarie Iannucci

The Australian Petroleum Production and Exploration Association (Appea) has welcomed the release of new areas for exploration for offshore greenhouse gas storage to help Australia lower emissions... 


Image shows Woodside headquarters in Perth
Woodside gets Trion approval
30th August 2023 By: Esmarie Iannucci

The Mexican regulator, Comision Nacional de Hidrocarburos, has approved oil and gas major Woodside Energy’s field development plan for its Trion project. Woodside in June approved the $7.2-billion... 


Image shows the Gorgon platform
Alliance members vote for industrial action at Chevron
29th August 2023 By: Esmarie Iannucci

US energy major Chevron is facing industrial action with Offshore Alliance members at the company’s Western Australian gas facilities issuing a notice of intention to take protected industrial... 


Strike won't increase the offer for Talon
28th August 2023 By: Esmarie Iannucci

ASX-listed Strike Energy on Monday said it would not increase its bid for fellow-listed Talon Energy, in the absence of a superior offer. Under the current scheme, Talon shareholders will receive... 


QPM completes Moranbah buy
25th August 2023 By: Esmarie Iannucci

ASX-listed Queensland Pacific Metals (QPM) has completed the acquisition of the Moranbah gas project, transforming the company into the sixth largest domestic gas producer on the Australian... 


Image shows the Wheatstone LNG operation
Woodside avoids strike, but Chevron remains in the crosshair
24th August 2023 By: Esmarie Iannucci

Oil and gas major Woodside has avoided industrial action at its North West Shelf operations, offshore Western Australia, reaching an agreement with the Offshore Alliance employee representatives.... 


Image shows a Santos operation
Santos profits fall in H1
23rd August 2023 By: Esmarie Iannucci

Oil and gas major Santos has reported a fall in production, revenue and underlying profits for the half-year ended June. Production for the six months under review was down 13% on the previous... 


Image shows an aerial view of Wheatstone
Chevron ups output at Wheatstone
23rd August 2023 By: Esmarie Iannucci

US energy major Chevron on Wednesday revealed that the official nameplate capacity of the Wheatstone project’s domestic gas plant would increase by 5% from 205 TJ/d to 215 TJ/d, following technical... 


LNG production infrastructure
Kinetiko strikes LNG deal with the IDC
22nd August 2023 By: Esmarie Iannucci

The share price of ASX-listed Kinetiko Energy surged by nearly 40% on Tuesday on the signing of a non-binding term sheet with the Industrial Development Corporation of South Africa (IDC) to jointly... 


QPM sets A$24m raising target
22nd August 2023 By: Esmarie Iannucci

ASX-listed Queensland Pacific Metals (QPM) has flagged a A$24-million capital raise to enable gas production growth at its Moranbah project and to fund ongoing technical workstreams to secure debt... 


Image shows Woodside's Pluto LNG plant
Woodside posts record profits
22nd August 2023 By: Esmarie Iannucci

Energy major Woodside has reported a record net profit after tax of $1.74-billion for the first half of the 2023 financial year. Underlying net profits after tax for the half year was also up by... 


Renewable energy and fossil fuel power infrastructure
TIPS sets out to create a South Africa-focused Just Transition Transaction Framework
21st August 2023 By: Darren Parker

Independent, nonprofit economic research institution Trade & Industrial Policy Strategies (TIPS) has launched research on a proposed Just Transition Transaction Framework. During a webinar on... 


Image shows the North Rankin complex
Woodside workers vote on industrial action at NWS
21st August 2023 By: Esmarie Iannucci

The global oil market is bracing for the start of industrial action at Australian major Woodside’s North West Shelf platforms, should negotiations fail. Offshore Alliance members at Woodside will... 


A map showing the location of Kinetiko Energy's gas project in South Africa
Kinetiko reports reserve at pilot field
21st August 2023 By: Esmarie Iannucci

ASX-listed Kinetiko Energy has announced a maiden gas reserve of 3.1 BCF over its pilot gas production field in South Africa. An independent gas reserve and resource report has also resulted in a... 


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