gas

The Northern Territory has ended its ban on fracking. Chief Minister Michael Gunner today announced the NT Government had accepted all 135 recommendations of an independent fracking inquiry.

French oil and gas major Total and Australia’s Santos have executed a seismic funding and farm-in agreement with Melbana Energy at the WA-488-P licence offshore northern Australia.

AWE will raise up to $48 million through a share placement and purchase plan to help fund stage two of its Waitsia gas project in Western Australia.

Oil Search has secured an agreement to acquire oil assets in Alaska from privately-owned companies, Armstrong Energy and GMT Exploration Company, for $US400 million ($522.4 million).

A new roadmap published by the Commonwealth Scientific and Industrial Research Organisation (CSIRO) has identified several growth areas to aid the expansion of the Australian oil and gas industry, which is currently challenged by low-cost overseas competition and attempts to reduce carbon intensity within the local energy sector.

Origin Energy’s oil and gas division Lattice Energy has secured a $190 million deal with exploration company Benaris International to acquire a 27.7 per cent interest in the Otway gas project, increasing the company’s stake to 95 per cent.

South32 has again suspended operations at the Appin coal mine in New South Wales to investigate concerns about gas levels. The BHP spin-out said its workforce was evacuated from the mine, which forms part of the Illawarra Metallurgical Coal business unit, as a precautionary measure on June 28. However, the company confirmed there was “no gas … Continue reading South32 evacuates Appin coal operation to investigate gas levels →

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.

It has been seven years since the Deepwater Horizon explosion that killed 11 people and created what is regarded as the worst oil spill in United States history. A seminar series investigating the aftermath was recently held in Sydney, exploring the human and organisational factors that led to the disaster.

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.

More jobs in the Northern Territory’s resources sector are on the away after the government granted Australian energy company Jemena a pipeline licence for the Northern Gas Pipeline project.

Origin Energy has signed two agreements with ENGIE that are set to increase gas supply and energy security in South Australia.

The South Australian Government has released the first round of grants for gas exploration and development projects in the state.

APA Group has signed an agreement with Cooper Energy to develop Gippsland Basin gas projects – bringing new gas supply sources to south east Australia.

Lakes Oil is suing the Victorian Government for $2.7 billion in damages following the state’s ban on gas exploration.

The industry body has expressed support for the Australian Government’s decision to review the petroleum tax system in the country.

With Australia’s budget deficit worsening, following Papua New Guinea’s lead may help us bring in more revenue from natural gas, sooner.

Putting a price on carbon would benefit the Australian gas industry, at least in the short term.

The energy sector is dealing with a complex mix of relationships between consumer trends, global commodity markets, and state, federal and industry regulation.