OIL & GAS

ASX-listed Santos has revised its 2025 production target to 120-million barrels of oil equivalent, which is more than double its 2018 output.

The new target, up from the 100-million-barrel guidance set in 2018, represents a cumulative annual growth r…

India’s protracted efforts to set up a domestic natural gas hub are expected to come to fruition in March 2020, when a national gas trading exchange is expected to become operational. The Indian Energy Exchange – the nationwide automated platform for p…

New research by advisory Wood Mackenzie (WoodMac) has highlighted the need for additional liquefied natural gas (LNG) resources in Australia, stating that the proposed Narrabri project, in New South Wales, could assist with a looming shortage.

While …

Oil and gas major Woodside is hoping to increase production by more than 6% between 2019 and 2028, while also working to triple its reserves. For 2019, Woodside has narrowed its production guidance to between 89-million and 91-million barrels of oil eq…

Oil and gas major Woodside on Monday said that it had agreed a tolling price with mining major BHP for processing gas from the Scarborough offshore field at the Pluto liquefied natural gas facility, in Western Australia.

The toll is based on BHP maint…

Diversified miner BHP on Monday told investors in Sydney that its petroleum portfolio would deliver ‘strong returns and contribute significant value’ to the company, over the next several decades.

BHP’s president for operations petroleum, Geraldine Sl…

Oil and gas major Woodside has reported a 52% increase in the resource volume at the Scarborough field, from 7.3-trillion cubic feet to 11.1-trillion cubic feet. Woodside holds a 75% interest in the Greater Scarborough project, which covers the Scarbor…

ASX-listed Melbana Energy has extended the takeover period on its offer for fellow listed Metgasco from November 15 until December 13.

Melbana earlier this year launched an all-script conditional takeover offer for Metgasco, under which it offered fou…

India’s Union Cabinet of Ministers is likely to consider splitting up operations of natural gas marketing and infrastructure major, GAIL India, but the sale of its pipeline business to a strategic investor has been put on the backburner for at least tw…

The share price of ASX-listed Beach Energy jumped Monday on the announcement of a new conventional gas discovery in the Perth Basin.

The new discovery was made at the Beharra Springs Deep-1, in which Beach holds a 50% interest.