Oil and gas major Santo has inked a letter of intent (LOI) to divest of a 12.5% interest in its Barossa project, in Northern Australia to project partner JERA.
The Barossa gas field sits within Santos’ Northern Australia portfolio, one of the company…
Santos to sell a stake in Barossa Read More »
Lower realised prices and impacts related to the Covid-19 pandemic has seen oil and gas major Woodside report a significant fall in revenue during the three months to March.
While production was up by 12% on the previous corresponding period, to 24.2-…
Lower prices cut into Woodside profits Read More »
Oil and gas major Oil Search is hoping to raise some A$1.1-billion to assist the company in retaining liquidity during the low oil-price environment.
The equity raising will consist of an underwritten institutional placement to raise an initial A$76…
Oil Search looks to raise A$1.1bn Read More »
Energy major Origin Energy has announced plans to cut between A$300-million to A$400-million in upstream capital expenditure at the Australia Pacific liquefied natural gas (APLNG) project for 2021.
The reduction will be driven by reduced development a…
Origin cuts APLNG cots for 2021 Read More »
The National Offshore Petroleum Safety and Environmental Management Authority (Nopsema) has given the green light for oil and gas major Woodside’s Scarborough project, offshore Western Australia, following an assessment of its potential environmental …
Nopsema approves Scarborough development Read More »
Oil and gas giant Santos has confirmed that it will cut some 150 contractor rolls and will shut down all of its offices for a two-week period across the Easter period. The office shutdown will cover all of the states and territories in which the compan…
Santos cuts contractor numbers, closes offices Read More »
Debt funding arrangements for the Sangomar joint venture (JV), offshore Senegal, has collapsed, ASX-listed FAR said on Tuesday.
The company noted that the COVID-19 pandemic, combined with the precipitous fall in the Brent oil price by over 60% since J…
Sangomar debt talks collapse – FAR Read More »
Latest data from the Australian Energy Market Operator’s (AEMO) has confirmed that actions taken by the industry to bring more gas into the domestic market will ensure domestic gas supply to at least 2023.
In its 2020 Gas Statement of Opportunities (G…
Gas supply assured ntil 2023 – AEMO Read More »
Latest data from the Australian Energy Market Operator (AEMO) has confirmed that actions taken by the industry to bring more gas into the domestic market will ensure domestic gas supply to at least 2023. In its 2020 Gas Statement of Opportunities, AMEO…
Gas supply assured until 2023 – AEMO Read More »
Oil and gas major Woodside has announced a number of measures to protect its balance sheet during the COVID-19 pandemic, including the deferral of targeted final investment decisions for its Scarborough, Pluto Trian 2 until 2021, as well as delaying t…
Woodside confirms FID delays and cost cuts Read More »
