Booming oil and gas production in the Cooper Basin is helping South Australian companies survive through record low oil prices caused by the COVID-19 crisis.
Santos has reported its strongest quarter of gas production in the Cooper Basin in nine years while Beach Energy told the ASX this week it had achieved a 15 per cent oil production increase in the basin’s Western Flank.
In a statement to the Australian Securities Exchange on Thursday, 23 April, Santos reported a $209 million...
Due to the COVID-19 pandemic, the APPEA Conference and Exhibition, originally planned for May 2020, has been postponed to June 14-17, 2021 at the Perth Convention & Exhibition Centre.
The APPEA Conference and Exhibition is the largest annual upstream oil and gas event in the southern hemisphere, attracting thousands of delegates from across the country and around the world.
The conference’s technical and business papers already submitted will be published in the...
TGS has commenced the Gambito 2020 3D seismic survey offshore Gambia.
The acquisition, utilising the BGP Prospector vessel, is being undertaken in conjunction with BGP under the cooperation of The Gambian Ministry of Petroleum & Energy
The 4,770km2 Gambito 2020 3D survey covers open acreage in deep and ultra-deep waters and is perceived to be highly prospective considering that extensive basin floor fans were identified in TGS’ 2D regional seismic grids.
NOPSEMA has approved Santos' application for a 3D seismic marine survey in the Bedout Sub-basin offshore Western Australia.
The approval was granted on April 9, 2020.
The Keraudren Extension 3D Marine Seismic Survey area is located approximately 45km from Bedout Island, 56 km from the mainland coastline and 141 km from Port Hedland.
The survey data will develop regional geologic models to assist an exploration permit retention strategy and potential...
Global oil & gas industry M&A deals were worth US$5.6 billion in February, according to GlobalData’s deals database.
The value marked a decrease of 37.8% over the previous month and a drop of 82.9% when compared with the last 12-month average, which stood at $32.62bn.
Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $2.19bn. At the country level, the US topped the list in terms of deal value...
CGG has anticipated first quarter revenues of around US$273 million, down 3% year-on-year, including geoscience revenue of about US$93 million, up 2% year-on-year, and multi-client first quarter 2020 segment revenue around US$104 million -- up 17% year-on-year, with after-sales of around $47 million.
This was revealed in the company’s latest financial update in which CGG said it had generated a positive net cash flow of around $25 million during the first quarter...
The effects of the COVID-19 virus, in tandem with the ongoing crude oil price war, are likely to reduce oil and gas project sanctioning by up to $131 billion, or about 68% year-on-year, as major players batten down the hatches to weather the story, according to Rystad Energy.
At the same time, at least nine of the world’s top planned exploration wells for 2020 are at risk of suspension, the independent energy research and business intelligence company has said.
The Mitquq 1 ST1 and the Stirrup 1 wells were both digged, logged, cored and flow tested, which included a clean-up and flow period and a pressure build-up before the final flow test to assess deliverabilities.
At Mitquq 1 ST1, located nine-kilometres east of the proposed central processing facility of the Pikka Unit Development, Oil Search encountered a net pay zone of 52.5m with a gas cap of nine metres. The well flowed at a rate of 1730 barrels of oil per day (bopd) from a single...
NOPSEMA has announced approval of the Scarborough project, which it says has satisfied environmental hurdles and the management of greenhouse gas emissions.
This follows a year’s assessment, including an eight-week public comment process.
Woodside CEO, Peter Coleman, said NOPSEMA’s acceptance of the offshore project proposal was a significant step forward for the proposed development of the gas resource, which is now being progressed on a revised schedule due...
A move to provide immediate bill relief across three states to small businesses and households struggling to pay electricity and gas bills as a result of the COVID-19 pandemic, has been welcomed by one of the country's largest energy infrastructure businesses.
Multinet Gas Networks (MGN) and Australian Gas Networks (AGN), part of the Australian Gas Infrastructure Group (AGIG), which supplies over two million customers across Australia, said the measures would help soften the blow for...