Archives for January 2020

New five-year plan set to deliver WA gas supplies at ‘lower cost’

28/01/2020 Posted by Dale

Maintaining strong safety, reliability and service performance with lower revenue and costs are the focus of Australian Gas Infrastructure Group’s Final Plan for Western Australia's Dampier to Bunbury Natural Gas Pipeline (DBP) for the 2021 to 2025 period.

The Plan also puts in place measures to support the DBP continuing to deliver gas to an evolving Western Australian energy market well into the future.

The Plan was presented this month to WA’s Economic Regulation Authority (ERA) and follows an extensive 18-month consultation period with…

Santos achieved record annual production, sales and revenue in 2019

28/01/2020 Posted by Dale

The largest company in South Australia reported production of 75.5 million barrels of oil equivalent (mmboe) in 2019 – up 28 per cent from 58.9 mmboe the previous year.

The report says Santos sold 94.5 mmboe over the year, up from 78.3 mmboe in 2018 – and it achieved sales revenue of $4.03 billion, up from $3.66 billion in 2018.

Santos Managing Director and CEO Kevin Gallagher said in a statement to the Australian Securities Exchange that the company had also delivered lower unit production…

Pioneering WA Geoscience teacher praised for key ‘Australian of the Year’ nomination

28/01/2020 Posted by Dale

A Perth geoscientist who has pioneered taking science out of the classroom into a hands-on, in-the-field experience – particularly for remote area schools – has been praised for her nomination among Saturday night’s “Australian of the Year” awards in Canberra.

Ms Suzy Urbaniak was WA’s nominee in the “Australian of the Year - Local Heroes” award category.

Significant education inroads

The ‘Local Hero’ award acknowledges extraordinary contributions made by Australians in their local community – with Ms Urbaniak…

Shearwater GeoServices awarded Western Offshore India 3D campaign by ONGC

28/01/2020 Posted by Dale

Shearwater GeoServices has been awarded a 3D broadband marine seismic acquisition campaign by ONGC in Western Offshore India. The project is scheduled to commence in the first quarter of this year.

The four-month survey covers 2,000 sq. km of 3D in a shallow-water area of the Arabian Sea. The contract award follows last month’s announcement of a combined 2D and 3D broadband marine seismic survey for ONGC off the East Coast of India.

“We are pleased to receive this second award…

Shearwater kicks 2020 off with sevenfold increase in vessel backlog

10/01/2020 Posted by Dale

Shearwater has announced announce a more than sevenfold increase in 2020 backlog to 65 vessel-months at the start of 2020, up from nine vessel-months at the same time a year ago.

This backlog includes 24 months of the minimum commitment in the recently signed capacity agreement with CGG for two vessel-years annually over a five-year period. The backlog numbers exclude WesternGeco minimum commitment.

Shearwater said the backlog expansion reflects growing demand for marine seismic, particularly 4D, and successful execution of the company’s market consolidation strategy.…

CGG exits from Seabed Data Acquisition Business

08/01/2020 Posted by Dale

CGG has completed its exit from the seabed data acquisition business and terminated the Seabed Geosolutions’ joint venture agreement.

The Paris-headquartered geophysical services company said that in line with its strategy to exit the data acquisition business, which was effective from December 31, 2019, the company had agreed to transfer its 40% shareholding in Seabed Geosolutions to Fugro before the end of the first quarter of 2020.

Payment to Fugro

In addition, it was agreed to conclude remaining matters…

Fugro performs first deepwater AUV and geotechnical site survey for Brunei Shell Petroleum

08/01/2020 Posted by Dale

Fugro has successfully completed the first deepwater autonomous underwater vehicle (AUV) site survey for Brunei Shell Petroleum Company Sdn Bhd (BSP).

Ceri Powell, BSP’s Managing Director, delivered a congratulatory note acknowledging the quality of Fugro’s work and HSSE leadership shown throughout the campaign. BSP’s Project Lead Bilman Pardomuan Hutabarat commented: “This campaign was the first deepwater survey project for Shell in Brunei and its success will lead to many more deepwater programmes.”

Future deepwater developments

The survey was performed…

Australia formally becomes world’s largest exporter of LNG

07/01/2020 Posted by Dale

Australia has officially become the world’s largest exporter of Liquefied Natural Gas (LNG) on an annualised basis.

In sending overseas, an estimated record 77.514 million tonnes (Mt) of locally produced LNG in calendar 2019, Australia edged out former No. 1 LNG export titleholder Qatar, expected to produce 75Mt in 2019.

Double the United States

The 2019 Australian LNG exports were more than twice those of the United States, the world’s other fast-growing LNG producer. The US Energy Information Administration…