The INPEX-operated Ichthys LNG Project’s floating production, storage and offloading facility (FPSO) has been safely moored in the Ichthys Field, 220 kilometres off the north coast of Western Australia. INPEX announced that the 336-metre long FPSO, named Ichthys Venturer, longer than three soccer fields and designed for 40 years of operations without being dry docked, had reached Australia in mid-August and was moored on August 24. “The safe and efficient mooring of the Ichthys Venturer in the 250-metre deep waters of the Ichthys Field heralds another successful milestone for the INPEX-operated Ichthys LNG Project,” Mr Louis Bon, Managing Director Ichthys…

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AGL Energy Limited is selling its North Queensland gas assets to a consortium comprising Chinese gas distribution company Shandong Order Gas Co and Australia energy investment company, Orient Energy. The assets comprise AGL’s 50% interest in each of the Moranbah Gas Project Joint Venture and the North Queensland Energy Joint Venture and AGL’s participation rights in the ATP1103 exploration licence located in the Bowen Basin. The Chinese investor backed Orient Energy is believed to also have acquired gas assets in the Roma region of Queensland from Santos last year. The sale is subject to Arrow Energy, joint venture partner in…

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Woodside has brought its Persephone project online six months ahead of schedule. This was announced by BP, one of six partners with a 16.67% interest in the project along with BHP, Chevron, Shell, Mitsubishi-Mitsui and Woodside. BP said production from five of seven major upstream projects targeted for production in 2017 were now online, with Juniper, offshore Trinidad, and the Woodside-operated Persephone the latest to begin production. This followed the start-ups of the first phase of the West Nile Delta development in Egypt, the Trinidad Onshore Compression project and the Quad 204 redevelopment in the UK. The first phase of…

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Woodside has begun the process of ceasing production from the Enfield oil field in production license WA-28-L off Western Australia and remove the Nganhurra FPSO from the area. The Perth-headquartered oil and gas company has submitted an environmental plan with NOPSEMA to cease production and decommission, dismantle and remove facilities from the oil field, located approximately 52km north-west of Exmouth. Developed using subsea wells, manifolds and flowline systems tied back to the Nganhurra floating production, storage and offloading system (FPSO), the Enfield field has been in production since 2006. Woodside is planning to flush the subsea and topside infrastructure prior…

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AWE Limited has toasted the taste of hydrocarbons with its appraisal of the Waitsia gas field north of Perth successfully encountering gas at the first target level. The company reported that the Waitsia-4 appraisal well has successfully intersected the Kingia formation, with good gas shows observed and wireline logs to be acquired to confirm reservoir quality. The well is now drilling towards the second primary target, the High Cliff Sandstone, and is expected to take five weeks to complete. It is being directionally drilled to a planned maximum total depth of 3,834 m and is designed to appraise the gas…

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Chevron has reported a net income of $1,45 billion for the second quarter, a significant reversal from a loss of $1,47 billion a year ago. “Second quarter results improved substantially from a year ago and year-to-date net cash flow is positive,” said Chairman and CEO John Watson. “We’re delivering higher production with lower capital and operating expenditures.” Results were boosted with upstream income contributing $853 million, compared to a second quarter loss of $2.46 billion in the corresponding period a year ago. “Oil and gas production was up 10 percent in the second quarter from a year ago,” Watson added.…

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