The Western Australian Government has banned hydraulic fracturing over 98 per cent of the state, with traditional owners and farmers having the right to say no to fracking production for the first time.
New figures from the Australian Bureau of Statistics (ABS) have reported that the mining industry contributed 8.8 per cent of Australia’s gross value in 2017–18, a figure around 87 per cent higher than 1994–95 levels (4.7 per cent).
BHP has finalised the sale of its Fayetteville onshore gas assets in Arkansas to MMGJ Hugoton III for $US300 million ($415.3 million).
Valmec has won new services and construction contracts in the gas and infrastructure sectors worth more than $14 million.
United States oil and gas giant Harbour Energy has increased its takeover offer for Santos by $US480 million ($650 million).
The Beetaloo Sub-basin in the Northern Territory has been selected as the third and final region to be assessed by the Geological and Bioregional Assessment Program, a decision made following the move to lift the territory’s moratorium on hydraulic fracturing.
Santos has completed commissioning and start-up of the Scotia CF1 project in Queensland ahead of schedule and under budget, with initial full field production exceeding 40TJ of gas a day.
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.