Canadian oil sands production is expected to decline by nearly 175 000 bbl/d this year as a result of Covid-19, which will be the largest annual decline on record, says global analytics company IHS Markit.
It forecasts that the longer-term trajectory …
IHS maintains pre-Covid projections for Canadian oil sands output Read More »
Oil and gas developer Cairn Energy has struck a deal with Russian producer LukOil to divest of its 40% interest in the Rufisque offshore, Sangomar offshore and Sangomar deep offshore (RSSD) contract area, offshore Senegal, for a cash consideration of u…
Cairns inks Russian deal for Sangomar Read More »
The share price of ASX-listed Karoon Energy increased by more than 11% on Monday as the company announced plans to continue its investment in Brazil, and to amend the sale and purchase agreement (SPA) of the Bauna field, in the Santos basin.
Karoon to…
Karoon sticks to plans in Brazil Read More »
The Australian Manufacturing Workers’ Union (AMWU) is calling for the shut-down of the Gorgon liquefied natural gas (LNG) project, in Western Australia, claiming reports of ‘massive cracks’ in pressurized propane kettles.
The AMWU said in a statement…
Union raises concerns at Gorgon Read More »
Oil and gas major Santos has reported a record quarter of production during the three months to June, with production topping 20.6-million barrels of oil equivalent, a 15% increase on the previous quarter.
Half-year production was also up by 4% on the…
Record output for Santos in the June quarter Read More »
ASX-listed Oil Search has reported a 4% increase in production during the six months ended June, compared with the previous corresponding period, while sales for the interim period was up 2%.
Total production in the six months under review reached 14…
Oil Search revenues fall Read More »
Oil and gas major Santos has warned of a $700-million to $800-million non-cash impairment charge for the 2020 interim results.
The impairment charge was related to revised oil price assumptions resulting from the effects of the Covid-19 pandemic, the …
Santos warns of impairments Read More »
Seven companies, including major BHP’s Nickel West division and oil and gas major Woodside, have progressed to the next stage of the federal government’s Australian Renewable Energy Agency’s (Arena’s) A$70-million Renewable Hydrogen Deployment funding …
BHP and Woodside shortlisted for hydrogen funds Read More »
ASX-listed Cooper Energy has committed A$55-million to support increased and new gas supply for south-east Australia with a decision to upgrade the Minerva gas plant in Victoria.
Cooper Energy in December of last year completed the acquisition of mini…
Minerva restart planned for 2021 – Cooper Energy Read More »
nancial year.
The company told shareholders that the non-cash charges related to an updated year-end valuation estimate and was primarily driven by revised commodity price assumptions, the economic impacts of the Covid-19 pandemic, and the progressiv…
Origin warns of massive impairment in full year Read More »
