United States oil and gas giant Harbour Energy has increased its takeover offer for Santos by $US480 million ($650 million).
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.
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.
Monadelphous has been awarded a long-term maintenance services contract at INPEX’s Ichthys LNG project offshore Western Australia.
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.
Origin Energy has signed two agreements with ENGIE that are set to increase gas supply and energy security in South Australia.
The 10 Organisation of the Petroleum Exporting Countries (OPEC) members are getting closer to reaching their production reduction goals, dropping output in January to an average of 32.03 million barrels per day.
BHP Billiton has delivered a significant rise in profit during the first half of the 2017 financial year, helped by a resurgence in commodity prices and a company push to lift productivity.
Australian-listed companies are spending more on exploration, according to the latest research from BDO.
BHP Billiton has won a bid to acquire a majority share in the deep-water Trion oil field project in the Gulf of Mexico.
BP is moving forward with the US-based Mad Dog oil project, which includes BHP Billiton as a key partner, at a considerably lower development cost.
Global oil prices surged significantly overnight after OPEC took the surprising move to cut production from January next year.
The industry body has expressed support for the Australian Government’s decision to review the petroleum tax system in the country.
Ever since the invention of the internal combustion engine, oil has been one of the most crucial commodities on Earth.
Oil prices have crept up higher after with recent figures showing hefty draws in diesel and petrol, offsetting the first crude inventory build in six weeks.
Santos has closed the first quarter of 2016 with oil production up 11 per cent year on year. With 15.6 mmboe, the first quarter production is up five per cent on the previous quarter. Sales volumes are up 40 per cent year on year, taking revenue to $835 million, despite the average price of oil … Continue reading Santos oil production up in 2016
Despite the weaker oil price, the mining industry is always on the hunt for efficiency measures and way to drive down costs.
Santos is predicted to unveil sweeping changes to its oil and gas production in a possible move to raise $3 billion in capital