Australia Is Urgently Looking for Gas for Its Domestic Market
Australia has announced new offshore gas exploration permits for its east and west coast markets in a bid to ease concerns about gas shortages. “As ageing coal generation is phased out in the coming years, gas will continue to be needed to support renewable energy production and as a back-up …
Triangle Energy is Preparing to Drill Its First Well in 30 Years in Western Australia’s Perth Basin
Triangle Energy Global is set to begin drilling Booth-1, its first well in the Perth Basin in Western Australia. The company’s press service reported this on April 18, 2024. The company notes that the lease contract for the Ventia 106 drilling rig has been signed, all necessary approvals have been …
Australian Santos Reduced Hydrocarbon Production by 2% in the First Quarter
In the first quarter of 2024, the Australian company Santos Ltd. decreased hydrocarbon production by 2% compared to the same period in 2023 – to 21.8 million barrels of oil equivalent. The company’s press service reported this. Sales volumes decreased by 3% to 23.2 million barrels of oil equivalent, and revenue fell …
Barossa Gas Project on Australia’s Continental Shelf Nears Completion
The Barossa gas project, located in the Timor Sea on the continental shelf of north-west Australia, is now 70.6% complete. The Santos company announced this on April 18, 2024 in its report for the 1st quarter of 2024. Santos theses: installation of the 262km export gas pipeline between the floating …
American Chevron increases gas production capacity in Australia
American oil and gas company Chevron is increasing gas production capacity in Western Australia, according to a company press release. “Gas production capacity in Western Australia is growing as a result of technical improvements … aimed at increasing the level of production of Wheatstone gas near the city of Onslow,” …
TotalEnergies and Inpex Secure Two Gas Fields off the Coast of Australia
The French and Japanese companies will receive 26% and 74% of the assets of the Ichthys LNG project off the west coast of Australia. It is believed that the involvement of large companies will ensure the sustainability of LNG production in the western part of the country. Permits for the …
TotalEnergies and INPEX Acquired Cash-Maple Gas Fields in Australia
French oil and gas company TotalEnergies and Japan’s INPEX have signed an agreement with PTTEP to acquire PTTEP’s 100% stake in Australia’s AC-RL7 development permit, the companies said in a statement. Under the terms of the agreement, which is subject to approval by the relevant authorities, TotalEnergies will acquire a …
Australian Global Petroleum Hopes to Find Large Deposits of Oil Offshore Namibia
Australian oil and gas company Global Petroleum said today that the Namibian Ministry of Mines and Energy has given permission for the company and its partners to proceed to the first period of the PEL 94 license extension in the Walvis Basin until September 2025. The tasks of the first …
LNG Japan Bought Out a 10% Stake in the Scarborough Gas Project in Australia
Japanese gas company LNG Japan Corp. bought a 10% stake in the large Scarborough natural gas project off the coast of Western Australia from the Australian Woodside Energy Group. This was reported on August 8 by LNG Japan. Abstracts from LNG Japan: the Scarborough field, which will be developed with …
New Natural Gas Field Discovered in Australia
The NED-1 well is located in the northern part of the Perth Onshore Basin, approximately 8.3 km southeast of the Lockyer Deep-1 natural gas field. Source