Western Gas, Operator and 100% owner of the Equus Gas Project, has signed an MOU with APA Group to undertake a joint development and marketing study to supply Equus gas at competitive prices to Western Australia and the East Coast via a transcontinental pipeline.
The scope of the study comprises a detailed assessment of development, commercial, marketing and regulatory aspects of the project, which will form the basis of an integrated bankable feasibility study.
The study is a key...
Led by PPG Industries’ $1.52bn acquisition of Tikkurila, Europe’s oil & gas industry saw a rise of 23.73% in cross border deal activity during Q4 2020, when compared to the last four-quarter average, according to GlobalData’s deals database.
A total of 73 cross border deals worth $7.58bn were announced for the region during Q4 2020, against the last four-quarter average of 59 deals.
Of all the deal types, M&A saw most activity in Q4 2020 with 69, representing an 94.5% share for...
Natural gas has a very important role to play in the energy transition and in meeting the world’s climate goals, the Secretary General of the International Energy Forum, HE Joseph McMonigle, said.
Speaking at the inaugural GECF Gas Lecture of 2021, entitled ‘The Role of Gas in Clean, Reliable, and Sustainable Growth’, HE McMonigle said that the success of the energy transition rests “on the use of natural gas technologies and their capacity to accelerate fuel-switching and create...
CO2CRC’s Chief Executive, David Byers, has announced that CO2CRC has established a wholly-owned subsidiary company, CO2Tech Pty Ltd (‘CO2Tech’).
“We have established CO2Tech to meet the growing customer need for multi-disciplinary technical consultation, advisory and project management services across the whole CCUS value chain.” said Mr Byers.
CO2Tech will have access to the Otway International Test Centre (OITC) and CO2CRC’s expertise via commercial agreements.
3D Oil has flagged four potential leads with a best estimate prospective resources of 370 MMboe in the Gippsland Basin.
This follows completion of an estimate of prospective resources for leads and prospects in the VIC/P74 exploration permit.
3D Oil said the largest is the Bigfin Lead, which is hosted within the Lower Latrobe Group and has a Best Estimate Prospective Resource of 502 Bcf and 19 MMbbls of condensate. Bigfin is located approximately 8km West of the Kingfish Oil...
Woodside has penned a deal to supply LNG to RWE Supply & Trading GmbH (RWE) for seven years from 2025.
The company announced that the quantity would be approximately 0.84 million tonnes per annum and was not subject to final investment decision on any project.
Woodside Executive Vice President Development and Marketing Meg O’Neill said the signing of the deal was further evidence of the strong market demand for LNG in the second half of this decade.
“Customers are increasingly...
Will Beacham, of ICIS Chemical Business, says the US polar storm shut down 90% of US polypropylene (PP) capacity, 67% of ethylene and devastated other important products, sending ripples around global chemical markets and prices soaring.
More chemical plants and refineries across the Gulf Coast region have been hit by prolonged power and feedstock outages caused by freezing weather, snow and ice which have also halted logistics networks. More bad weather, forecast for later in the week,...
Shearwater GeoServices has announced the award of an ocean bottom seismic (OBS) 4D survey by Aker BP at the Ivar Aasen field in the Norwegian North Sea.
“This is a welcome return to the Ivar Aasen field for Aker BP with Qseabed,” said Irene Waage Basili, CEO of Shearwater GeoServices.
“Shearwater is established in all segments of high-end offshore seismic, executing our clients’ projects with the technologies of their choice, including market leading solutions for ocean...
APPEA has congratulated Madeleine King and Chris Bowen on their recent appointments as part of the Federal Opposition’s ministerial reshuffle.
APPEA Chief Executive Andrew McConville said the industry looked forward to continuing to work collaboratively with the shadow ministers and the Opposition to ensure the safe and sustainable development of Australia’s oil and gas resources.
The appointment of Ms King to the important resources portfolio, in addition to her existing role as...
Oil and gas geoscience company Searcher has expanded into the mining sector with the completion of an airborne exploration survey in Queensland.
The new airborne magnetic and radiometric geophysical survey was acquired on behalf of Longreach in the latter’s exploration permit (EPM27423), located approximately 40 km northeast of Clermont, Queensland. The survey covers 387 square kilometres and includes 8,770km of data acquisition lines.
Searcher were contracted by Longreach to assist...