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Anadarko pens Mozambique gas sales agreement with CNOOC

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U.S. oil and gas company Anadarko has signed 1.5 million tonnes per annum gas sale and purchase agreement for 13 years with China’s CNOOC for gas to be produced from its gas field offshore Mozambique. Mitch Ingram, Anadarko Executive Vice President, International, Deepwater & Exploration said: “We are pleased to announce this SPA with CNOOC, an important global energy player in one of the biggest and fastest growing LNG markets in the world. “This deal gives China’s largest LNG...

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Talon Petroleum casts its North Sea net for Encounter Oil

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Australia’s Talon Petroleum is making a bid for 100 % takeover of EnCounter Oil, which is the owner of two UK North Sea licenses. EnCounter, a private UK-based company, was formed in 2012 by the former executive management team of EnCore Oil and was involved in 25 wells and produced significant hydrocarbon discoveries at Breagh, Cladhan, Catcher, Varadero. EnCore was acquired by Premier Oil in 2011 for £221 million. Talon said the completion of the transaction is subject to final...

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Lightning strikes for Otto Energy with significant Gulf Coast discovery

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Otto Energy shareholders had reason to celebrate yesterday after the ASX-listed exploration and production company announced a ‘Lightning strike’ in the Gulf that spiked its share price 69 per cent, to $0.071, before closing at $0.060 yesterday. The West Perth-headquartered company, which is already producing shallow oil from its SM 71 well, Louisiana, revealed that exploration well Green 1, which is testing the Lightning prospect in Matagorda County, Texas, had reached total depth of...

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Australia leads FPSO deployments in Oceania by 2025

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Australia will account for all floating production, storage and offloading vessels (FPSOs) planned for deployment in Oceania during 2019–2025, according to GlobalData. The data and analytic company’s report reveals that 67 planned and announced FPSOs are expected to start operations globally between 2019 and 2025. Of these, 26 are planned and 41 are announced. In Oceania, all the five upcoming FPSOs – Barossa, Browse 1, Browse 2, Buffalo (Re-Development), and Crux – are announced...

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Cath Norman

FAR completes survey across WA-458-P permit

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Late last quarter FAR concluded stakeholder engagements with CGG to join in the much anticipated Davros Extension Multiclient 3D Survey. FAR received a Notice of Start of Acquisition from CGG in mid-December as the MV Geo Coral began its mobilisation from southeast Asia. After a brief port call in Broome, the vessel commenced deployment of in-water equipment whilst on route to the survey area. Post end of the quarter, seismic acquisition across permit WA-458-Pbegan. The survey was...

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AGIG Pluto facility taps into more gas for WA

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The Australian Gas Infrastructure Group (AGIG) has announced the successful commissioning of the Pluto Inlet Station – the new facility connecting the Pluto LNG Project to the Dampier to Bunbury Natural Gas Pipeline (DBNGP). The successful commissioning allows additional gas supply to reach Western Australian consumers. Woodside – which operates the Pluto LNG plant near Karratha in WA – engaged AGIG’s development group to undertake a Front End Engineering Design (FEED) study to...

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APPEA says gas industry to play key role in hydrogen future

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APPEA has welcomed the release of the Australian Labor Party’s National Hydrogen Plan. “There is tremendous interest in hydrogen as a new, cleaner fuel. Labor’s promise to direct $1 billion into funding of hydrogen research and commercial development would spur investment into this emerging technology,” said APPEA Chief Executive Malcolm Roberts. The Hydrogen Strategy Group, chaired by the Chief Scientist, Professor Alan Finkel AO, has highlighted the opportunity for Australia...

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New CGG Survey Supports Gabon’s 12th Offshore Licensing Round

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Building on the success of its 25,000 km2 3D BroadSeis™ survey, which led to the recent Boudji-1 and Ivela-1 oil discoveries, CGG is extending its Gabon multi-client data footprint with a 9,800-km long-offset 2D seismic survey in an unexplored deepwater area of the South Basin. A subset of the data over the offered license blocks will be available in advance of Gabon’s 12th offshore licensing round planned for June 2019. CGG said the new 2D data will help define the full extent of...

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Woodside announces Scarborough contracts

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Woodside has awarded four contracts for front-end engineering design activities for the proposed Scarborough project located offshore Australia. The Perth-headquartered company said the contracts were for engineering activities related to the upstream development’s floating production unit, the export trunkline, and the subsea umbilical risers and flowlines. Woodside said each contract includes an option to progress to execute phase activities, which is subject to, among other...

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China to account for 44% of Asia’s crude oil refining capacity in 2023

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China will drive the majority of growth in the crude oil refining industry in Asia between 2018 and 2023, contributing 44% of Asia’s crude oil refining capacity within five years. That was the conclusion drawn by data and analytics company, GlobalData, in its company report entitled: 'China Crude Oil Refinery Outlook to 2023'. The report reveals that the total refining capacity of China in 2018 was 15,994 thousand barrels per day (mbd), which was 46% of Asia's total refining capacity...

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