Lukoil has abandoned takeover plans for Australia’s FAR Limited and thus exited its ambitions to participate in the Woodside-operated Sangomar project offshore Senegal.
The Russian company had offered FAR 2.2c per share in February after it had failed to become a participant in the RSSD project via the acquisition of Cairn Energy’s stake in the discovery -- which was scuppered by Woodside’s entry into the development.
FAR had sounded a note of caution over Lukoil’s proposal,...
Buru Energy is all set for a significant exploration program in the Canning Basin targeting 97 million barrels of oil which will entail exploration wells at Kurrajong and Rafael and ongoing development of the Ungani Oilfield.
The company announced that the contract for seismic as well as a three well drilling program is expected to be awarded within weeks.
Natural gas and the jobs it can create has the potential to be an economic and environmental strength for Australia but only with the right regulatory environment and if the misinformation stops, APPEA Chief Executive Andrew McConville has warned.
Using his keynote address at the Australian Domestic Gas Outlook conference, Mr McConville said there was an enormous opportunity to create thousands of jobs and help Australia reach zero net emissions by 2050.
“Sadly, vested...
Mineral Resources has been awarded two highly prospective gas exploration permits in the Perth and Northern Carnarvon Basins.
The award is a boost to MRL’s strategy to secure its own natural gas supply to provide energy security for current and future MRL mining operations at lower-cost and with lower emissions to replace diesel use across the business.
MRL said it has committed to achieve Net Zero Emissions by 2050 and is presently developing the roadmap to achieve this target to...
The recent LNG supply agreement signed between Qatar Petroleum, Singapore-based LNT Marine, the American Bureau of Shipping and Shanghai Waigaoqiao Shipbuilding is “the latest sign of a new surge in gas investment that is set to shape the small Gulf state beyond the football World Cup in 202.
That’s according to GlobalData, who said over the past 10 years Qatar’s investment focus had been on the development of infrastructure for the FIFA football World Cup in 2022 to deliver...
Sercel and Kappa Offshore Solutions have announced the release of PIKSEL, a compact marine seismic solution specially designed for acquiring seismic data for high-resolution 3D imaging of targeted offshore areas.
PIKSEP, capitalizing on Sercel’s Sentinel® streamer technology, recognized for its robustness and accurate measurement capabilities, and Kappa Offshore Solutions’ expertise in equipment integration and hydrodynamic modeling, can acquire high- and ultra-high-precision...
Searcher has launched a mining edition of GeoClerk.
The company described GeoClerk as “an advanced geo-imagery search engine that intelligently extracts imagery and surrounding data from all types of unstructured documents, and then utilizes machine learning to classify them into geologically relevant categories.”
“The intuitive, web-based interface enables simple and complex querying to provide images in categories such as maps, core photos, imagery, cross-sections and tables,...
Blue Energy and Origin sign new long term gas supply deal
Blue Energy Limited has announced that it has executed a non-binding Heads of Agreement (HOA) with Origin Energy Limited for the supply of up 300 PJ of gas at Wallumbilla over 10 years from Blue Energy’s Northern Bowen Basin ATP814 coal seam gas tenure.
This is the second such HOA executed by Blue Energy which facilitates North Bowen Basin gas to be delivered into the main East Coast domestic market to the south from...
Shearwater GeoServices has announced a new long-term frame agreement with Equinor for 4D seismic services on the Norwegian continental shelf.
The company said the agreement can also be applied for the UK continental shelf. Under the frame agreement, Shearwater has been awarded an initial survey over the Heidrun Field in the Norwegian North Sea.
Shearwater said it will allocate one of its high-end Isometrix vessels for the one-month Heidrun survey, which starts in Q2 2021. The award...
Australia’s oil and gas industry has congratulated Premier Mark McGowan and WA Labor on its reelection in Western Australia on Saturday.
Australian Petroleum Production & Exploration Association (APPEA) WA State Director Claire Wilkinson said the industry has worked collaboratively with the McGowan Government since 2017 and intends to continue that positive relationship.
“The Premier’s LNG Jobs Taskforce and the Jobs and Skills website are clear examples of what can be...