While the mining sector has experienced tough times it seems there are calmer waters ahead, according to trade credit insurer Atradius. “Australia is one of the world’s leading mineral resources nations, ranking in the top two to five countries in the world, depending on the commodity,”said Mark Hoppe, managing director ANZ, Atradius. “2014 saw the … Continue reading Four key challenges ahead for the Australian mining sector →

The design competition phase for the Waitsia gas project in the northern Perth Basin has been given the green light. Starting immediately, the competition for the project facilities will include a gas plant capable of processing 100 TJ/d, carbon dioxide extraction, collection hubs and flow lines. The approach will allow the joint venture to establish … Continue reading Design phase for WA gas project announced →

Statoil has been granted regulatory approval to revive exploration in the Great Australian Bight after signing a swap agreement with BP. The Norwegian company will take over two permits off Australia’s southern coastline to drill an exploration well before the end of October 2019. The National Offshore Petroleum Titles Administrator (NOPTA) has approved the transfer, … Continue reading Statoil to begin Great Australian Bight drilling →

AGL has announced plans to invest $295 million to develop a 210mW gas-fired power station alongside the company’s Torrens Island plant, near Adelaide. Construction of the Barker Inlet power station is scheduled to begin later this year, with full operation expected to be underway in early 2019. “Our decision to move ahead with this development reflects … Continue reading AGL announces development of $295m gas-fired power station →

Magnum Gas and Power has entered into a Letter of Intent (LOI) with Gasfields LLC to farm in to the Tulainyo high-pressure gas project in California’s Sacramento Basin. The Australian-based energy and gas exploration company will have to invest US$3.4million (A$4.57 million) into Gasfields, to pay for the initial farm-in well and equates to a 60 … Continue reading Australian energy explorer to invest in California gas discovery →

Liquefied Natural Gas Limited (LNGL) will no longer fund maintenance for Queensland’s Fisherman’s Landing LNG (FLLNG) project, it has announced. Following a review of its asset portfolio, the Australian company has relinquished the site to the Gladstone Ports Corporation (GPC), a wholly-owned subsidiary of LNGL. “The closure of the FLLNG project was not an easy decision … Continue reading LNG company ends funding in QLD gas project →

Changes to federal legislation to allow investment in carbon capture and storage (CCS) technology could see coal-fired power plants use cleaner energy. Energy minister Josh Frydenberg has announced the move, which will allow the Clean Energy Finance Corporation (CEFC) to fund “clean coal” projects. CCS involves capturing carbon dioxide from a power plant and storing … Continue reading Parliament to consider plans for cleaner coal-fired power plants →

Sydney-based Oil Search has bought a 30 per cent stake in five licences in the emerging Eastern Foldbelt region of the onshore Papuan Gulf Basin. The company has made an agreement with US oil giant, ExxonMobil, to undertake a seismic acquisition programme into early 2018, which will include exploration and drilling “Prior to our proposed … Continue reading Oil Search to farm-in to PNG exploration project →

Monadelphous has been awarded a long-term maintenance services contract at INPEX’s Ichthys LNG project offshore Western Australia.

Arrow Energy plans to double the production capacity of its Tipton gas project in Queensland amid an east-coast gas shortage.

Santos chairman Peter Coates has announced his intention to step down from his role at the Australian oil and gas company in the coming months.

A new Australian-developed technology could make an important contribution to solving the country’s gas crisis by improving production rates and removing many of the environmental impacts associated with traditional fracking, according to the technology’s licensee, V2H Australia.

Chevron has launched production from the third train at the Gorgon liquefied natural gas (LNG) project off the northwest coast of Western Australia.

Laing O’Rourke has demobilised about 800 of its people from the $46 billion Ichthys liquefied natural gas (LNG) project near Darwin because of a pay dispute.

Woodside Petroleum cut the pay of chief executive officer Peter Coleman by more than $1 million in 2016.

Richard Goyder will take over as chairman of Woodside Petroleum next year, his second major appointment since Wesfarmers announced he would step down as managing director of the company earlier this year.

Engineering company Aurecon has appointed Alex Wonhas as the new global managing director to lead its energy and resources business.