Oil & Gas

A $21 billion merger of Santos and Oil Search looks set to proceed after the companies agreed to revised terms.

Oil Search has rejected a Santos merger bid valuing the joint entity at $22 billion, revealed one day after Oil Search’s chief executive resigned.

Strike Energy has bought $22 million worth of shares in joint venture partner Warrego Energy, effectively raising its exposure to the West Erregulla development in the Perth Basin.

Keiran Wulff has resigned as managing director of Oil Search after just 17 months, with the company citing both health issues and recent complaints about his behaviour.

Woodside has launched a campaign to selldown equity in the planned Pluto train 2 project; while it has also commenced drilling at Greater Western Flank phase 3.

Ventia has won a roughly $1 billion, ten year, maintenance contract at Chevron’s Gorgon LNG facility.

Chevron Australia has committed $3.45 million to Conservation Volunteers Australia over three years to support lower carbon projects.

Money is seeking a safer home as the threat of inflation looms.

There’s plenty of price push and pull ahead as energy transition proceeds.

Singapore-based RCMA Group has secured environmental approval for an oil exploration well in Beekeepers Nature Reserve near Dongara.

Chevron will proceed with the $US4 billion Jansz-Io subsea compression project to supply the Gorgon facility, while Woodside recently secured JDAP approval for Pluto Train 2.

Exports from WA hit a fresh record in May, with $22.7 billion of merchandise shipped, while job vacancies are substantially up.

Geraldton-based Garla Barna Civil & Mining has been subcontracted by engineering and construction giant Clough for work on the Waitsia gas field in the Perth Basin.

The planned levy to cover decommissioning costs from the Northern Endeavour could be 48 cents per barrel equivalent, with an industry group slamming the price tag.

Engineering work for the $US2 billion Dorado oil and gas project will soon get under way, proponent Santos said, with a final decision due mid-2022.

Perth-based Po Valley Energy has sought funds from an equity raising to progress the development of an onshore gas field in northern Italy.

The petroleum industry and environmental activists may have clashed this week but they are both heading in the same direction on emissions reduction.

Triangle Energy has secured funds from a share placement to complete work at its Cliff Head oil field in the Perth Basin.

Travellers from New South Wales who have visited COVID-19 exposure sites have been told to self-isolate for two weeks, potentially impacting APPEA conference delegates.

Western Australia will be battling with other states to build a hydrogen industry, and won’t be able to rely on its traditional advantages, a senior state bureaucrat has said.

The world risks national oil companies stepping in to replace private capital if emissions reduction is poorly handled, Kevin Gallagher has warned, after the industry came under fire from Andrew Forrest today.

Woodside is making hard work of its simultaneous energy and management transitions.

More than $100 million has been raised in recent weeks for onshore oil and gas developments in WA.

A new carbon target for Woodside’s Pluto LNG has been approved; Chevron has invested in solar; and six carbon capture projects have been granted $50 million.

Woodside says its Scarborough project will be one of the lowest-carbon LNG sources in Australia, as it came under renewed fire from environmentalists today.

Marine and subsea services provider MMA Offshore has secured contracts with the Department of Defence and Japan’s Inpex.

Former WA treasurer Ben Wyatt has accepted his third board role since retiring from politics in March, joining Woodside Petroleum as a non-executive director.

There’s strong interest from potential offtake partners for a Mid West urea plant, Strike Energy said today, while it works on deals for water and port access.

A 50 megawatt solar farm could be installed at Woodside’s Pluto plant near Karratha.

Australia's energy minister has again flagged a plan to incentivise coal-fired power stations to remain open for "as long as needed".

Woodside will take a loss of between $50 million and $80 million as it exits its 50 per cent share of the Kitimat project in Canada, after partner Chevron also left the development.

The biggest risk facing Australian LNG exporters is not trade threats from China, rather its the possibility of not having enough gas, a new report has found.