• Cooper Basin

    Santos develops fourth Cooper rig

    Santos has begun operating a fourth rig in the Cooper Basin to further exploration for natural gas.

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  • Business

    Energy stakeholders want approval of NEG

    The Council of Australian Governments (COAG) Energy Council needs to approve the Energy Security Board’s framework for the National Energy Guarantee (NEG), according to a group of energy stakeholders.

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  • Drilling

    Barikewa-3 well strikes gas

    Joint venture (JV) partners Santos, Oil Search and Cue have discovered a significant gas resource in the Barikewa-3 well in Papua New Guinea.

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  • Australia

    Dow backs new gas developments and NEG

    Australia must lift restrictions on gas development and adopt the National Energy Guarantee (NEG) in order to save the local industry, according to Dow Chemical.

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  • Australia

    AGL import terminal gets green light

    AGL Energy is pushing ahead with a planned LNG import terminal despite competition from other projects, according to AGL CEO Andy Vesney.

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  • Company news

    Sole Gas Project on track in big year for Cooper

    Two thirds of the Sole Gas Project have been completed in a big financial year for Cooper Energy.

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  • Australia

    APA approves CKI offer

    The bid by a Hong-Kong consortium led by CK Infrastructure (CKI) to acquire APA Group has been accepted by the Australian company.

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  • Australia

    ACCC: more gas required to lower prices

    The government and the gas industry must take action to increase gas supply to the domestic market in order to lower prices, according to a new report from the Australian Competition and Consumer Commission (ACCC).

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  • Company news

    Galilee shows potential

    The Australian reported exploration in the region, which is yet to have any commercial gas reserves proved up, has seen pipeline operators begin preliminary talks to build connectors to the east coast grid. Companies currently exploring the region include Galilee Energy, Vintage Energy and Comet Ridge, which recently reported that they believed the expanse showed significant potential. The news comes after Venice Energy predicted new gas shortages on the east coast could emerge as early as the middle of 2019,…

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  • Company news

    Ichthys begins production

    Operator and majority stakeholder INPEX Corporation announced today that the giant LNG project has begun operations, which is expected to run for approximately 40 years. The gas produced will be gathered at the Ichthys Explorer processing facility where it will be separated into gases and liquids. From there, the liquids will be piped to the nearby floating storage facility, while the gases are transported to the onshore liquification plant in Darwin via the 890 km Gas Export Pipeline. The project,…

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  • Gas

    Venice predicts Victorian gas shortages

    The Australian reported that Venice Managing Director Kym Winter-Dewhirst said shortages on the southeast coast were likely to increase “from the beginning of next year when the reserves in the Otway Basin start to decline quite rapidly”. The forecast is divergent to the Australian Energy Market Operator’s June assessment that the gas market would continue to improve and no supply gaps were expected before 2030. Mr Winter-Dewhirst, who previously worked as a government relations executive for BHP, also said Venice…

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  • Company news

    Shell starts Prelude testing

    The Australian Financial Review reported Royal Dutch Shell CEO Ben van Beurden announced to investors that LNG and liquified petroleum gas have been introduced to the Prelude plant in preparation for commissioning, with testing now under way. Located in the Browse Basin 475 km northeast of Broome, the Prelude FLNG project is the largest offshore facility ever constructed. The facility has a production capacity of at least 5.3 mtpa of liquids, including 3.6 mtpa of LNG, 1.3 mtpa of condensate…

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  • Company news

    Dow calls for West-East Pipeline

    Speaking to The Australian Financial Review, Mr Vega said the country needed a new pipeline to add an Australian supply-side solution to gas shortages, rather than rely on importing LNG at $10 per gigajoule. He said the industry needed to aim for around $7 a gigajoule, contending a pipeline transporting gas from Western Australia to the east coast could achieve that price range. Gas prices and importation have been a heated debate topic of late. Earlier this week analyst Mark…

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  • CSG

    APPEA sees big future in the Bight

    The Advertiser reported APPEA SA and NT Director Matthew Doman said drilling in the Bight was “the big opportunity” for South Australia’s oil and gas industry, comparing it to the Bass Strait for Victoria and Tasmania. Speaking at the South Australian Major Projects Conference in Adelaide, Mr Doman said there hadn’t been enough focus on the area, which had the potential to create “a very significant stimulus towards South Australia’s economic growth”. BP and Chevron have stalled their plans for…

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  • CSG

    Analyst backs LNG imports for east coast market

    The Australian Financial Review reported that analyst Mark Samter, now of MST Marquee, said “industrial buyers would be extremely naïve not to support” upcoming LNG import projects. Mr Samter said high LNG prices in the Asian market would make it very difficult for Australian exporters to divert their gas to the local market, adding imports would save the government from choosing between breaking export contracts and creating a gas supply shortage down the road. He also said gas prices would…

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  • Company news

    PNG LNG reaches agreement with PetroChina

    The agreement is for the supply of approximately 0.45 million t of LNG per annum over a three-year period, with supply to begin this month. ExxonMobil operates the project on behalf of five JV partners, with Oil Search and Santos holding a 29 per cent and 13.5 per cent interest, respectively. Oil Search Managing Director Peter Botten said the company was very happy with the deal, with sales expected almost immediately. “We are delighted to have entered into a SPA…

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  • Gas

    Australian LNG exports hit new highs

    Australian LNG exports hit a new high of nearly 60 million t in the past year, thanks in large part to the expansion of Chevron's new projects.

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  • CSG

    Canavan calls for end to gas development bans

    Embargoes on gas development have damaged the energy industry and are wasting local resources, according to Minister for Resources and Northern Australia Matthew Canavan.

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  • Gas

    ACCC releases final retail electricity pricing report

    The final report into retail electricity pricing from the Australian Competition and Consumer Commission (ACCC) has found government moratoria on onshore gas exploration and development has "stifled the availability of gas at a low price"?.

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  • Company news

    Real Energy completes diagnostic fracture injection test

    Real Energy has completed a diagnostic fracture injection test (DFIT) on the Tamarama-3 well at its Cooper Basin-located Windorah Gas Project.

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  • Drilling

    Cooper Sole-3 flow-back testing proves successful

    Cooper Energy's first two production wells for its Sole Gas Project (Sole-3) have experienced successful testing of clean up and flow-back operations.

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  • Company news

    Senator calls on Morrison to block CKI bid for APA

    Federal Senator Rex Patrick has urged Treasurer Scott Morrison to block CK Infrastructure's takeover bid for APA Group.

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  • Companies

    AIE terminal gets government backing

    The New South Wales Government has declared the Port Kembla Gas Terminal (PKGT) as Critical State Significant Infrastructure (CSSI).

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  • Companies

    Gas shortage over: AEMO

    The Australian Energy Market Operator's (AEMO) 2018 Gas Statement of Opportunities (GSOO) Report shows things are looking up for the east coast market.

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  • Companies

    Pipeline vandalism in PNG

    ExxonMobil Papua New Guinea (PNG) is investigating reports of pipeline vandalism on its Angore gas pipeline construction project.

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  • Basin Review

    Exxonmobil considering LNG imports

    ExxonMobil is the latest player to consider LNG imports to Australia's east coast to help alleviate an expected gas shortage in 2021.

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