Archives for November 2020

November 2020

Senex announces sale of Cooper Basin business

09/11/2020 Posted by Dale

Senex has entered into a binding agreement with Beach Energy to sell its South Australian Cooper Basin assets for an $87.5 million cash consideration.

The sale will result in Senex’s exit from the Cooper Basin after more than 20 years, and will support plans to accelerate the development of its Surat Basin natural gas assets, increasing the supply of natural gas to the east coast to support manufacturing and jobs.

Senex said that together with strong and increasing cash flow generation from its low-cost, high-margin natural gas assets, the company is well positioned to materially enhance shareholder value through its suite of Surat Basin natural gas production acceleration and expansion opportunities, and resultant capital management initiatives.

Oil and gas reforms key to Queensland’s energy future

02/11/2020 Posted by Dale

Australia’s oil and gas industry has congratulated Premier Annastacia Pałaszczuk and the Labor Party following their election success in Queensland on Saturday.

APPEA Chief Executive Andrew McConville said the industry makes a significant contribution to the state and has invested more than $70 billion into Queensland’s economy due to the rapid development of the natural gas and LNG industries.

“As a key driver of Queensland’s economy, the oil and gas sector is committed to working with the new government as there are many challenges ahead for economic recovery,” Mr McConville said.

“We have a long and proud history of engaging with the government to grow the sector to where it is today.

Searcher commences Perth Basin Airborne Survey

02/11/2020 Posted by Dale

Searcher has announced the acquisition of two proprietary airborne exploration surveys over the onshore Perth Basin, to be acquired on behalf of Mitsui E&P Australia (MEPAU).

The new airborne geophysical data includes two surveys over three of MEPAU’s onshore Perth Basin permits (EP455, L4 and L5) located in the Shire of Coorow and Shire of Carnamah.

Searcher have assisted MEPAU with the project planning and regulatory approvals, including obtaining feedback from local stakeholders and land managers, and operational management.