Finder underwent a transformational change from a pure explorer to a developer through the acquisition of discovered oil fields in Timor-Leste. Finder is now moving quickly to progress development activity on the Kuda Tasi and Jahal Oil Fields.
Aaron Bond (Exploration Manager) said: "We are busy working through our commitments and developing our organisation to establish the requirements of an early production opportunity and a full field development. Currently the project is in...
On 19 December 2024, both Woodside and Chevron announced their agreement to an asset swap in which Woodside will acquire Chevron’s 16.67% interest in the North West Shelf Project and the North West Shelf Oil Project and it’s 20% interest in the Angel Carbon Capture and Storage Project. In turn, Chevron will acquire Woodside’s interest in 13% interest in the Wheatstone project and 65% interest in the Julimar-Brunello project.
Both companies have indicated that the transactions...
December 2024 saw the award of two additional Greenhouse Gas Assessment Permits:
These awards take the total number of GHG Assessment Permits within Australia to 17, with all major basins covered.
A GHG assessment permit authorizes the participating companies to...
The highly anticipated drilling of the “Beehive” prospect took a step closer on 2 January this year with NOPSEMA accepting the environmental plan for the drilling of up to three exploration and / or appraisal wells on the structure.
Beehive is in Bonaparte Basin WA-488-P and is 100% owned by EOR Resources. The wells are to target a large Carbonate Platform and have a planned total depth of up to 6,000m. Approval is for any time up to 31 December 2029. EOG has stated it intends to...
YOU Could almost hear the palpable sigh of relief at AEP’s offices in Canberra, albeit with a healthy dose of cynicism as Victoria signalled a refreshed new attitude to resolving the state’s looming gas supply shortage.
“The Victorian Government’s commitment to fast-track approvals for new gas supply is welcome and long overdue,” AEP Chief Executive Samantha McCulloch said in a media release “but will need to be backed by immediate action if the state is to avoid looming...
Guyana and Suriname are looming as potential and competitive liquefied natural gas (LNG) exporters to their Caribbean neighbours, South America and Southeast Asia, according to research by Wood Mackenzie (WoodMac).
With an estimated 13 trillion cubic feet of discovered non-associated gas in aggregate, the Haimara cluster in Guyana’s Stabroek block and the Sloanea discovery in Suriname’s Block 52 could supply up to 12 million metric tons per annum (MMtpa) of LNG by the next decade,...
Argentina’s Vaca Muerta shale play reached a new oil production record of 400,000 barrels per day (bpd) in the third quarter and is on track to hit 1 million bpd by 2030, according to Rystad Energy’s latest analysis.
The 35% year-on-year surge in third-quarter production was driven by improved productivity and expanded takeaway capacity, led by flagship operator Yacimientos Petrolíferos Fiscales (YPF) and bolstered by local independent producers.
YPF, which accounted for nearly...
The Environmental Defender’s Office (EDO) will have to pay Santos $9 Million in legal fees after its failed court bid to stop the Barossa Project in the Northern Territory.
Santos, nevertheless, wants the EDO to reveal who funded its legal fees after the taxpayer-funded organisation brought the case against Santos on behalf of the Timor Islanders alleging that the pipeline would upset or anger two revered creatures the Rainbow Serpent and Crocodile Man.
Federal Court Judge Natalie...
The global oil and gas contract activity saw a 35% quarter-on-quarter decrease in total disclosed value from $55.3 billion in Q2 2024 to $35.7 billion in Q3 2024. Despite this, steady contract volumes, particularly in the Middle East, were driven by substantial projects such as Saipem’s $4 billion contract with QatarEnergy and multi-billion-dollar agreements from Saudi Aramco, providing some stability, reveals GlobalData, a leading data and analytics company.
GlobalData’s latest...
The extent of the Environmental Defenders Office’s (EDO) inappropriate conduct has been laid bare in Federal Court documents, reinforcing the need for an immediate halt to taxpayer funds to the activist lawfare group.
This was the assertion of Australian Energy Producers Chief Executive Samantha McCulloch,who said the documents revealed in The Australian show the depths of what Justice Natalie Charlesworth described in her judgment as the EDO’s “distorted...