Industry News
Timor-Leste buys Shell’s stake in Greater Sunrise gas field
Timor-Leste is set to become the majority owner of the Greater Sunrise gas field after taking Shell’s 26.56% stake for US$300 million (AUD$415 million) following on from an earlier buy-out of ConocoPhillips’ 30% stake for $350 in early October.
Santos aiming for over 100 mmboe of production by 2025
SANTOS has outlined plans to grow production to more than 100 million barrels of oil equivalent (mmboe) by 2025, almost doubling current levels of production.
How Blockchain can fuel the next boom in the oil & gas industry
The recent turbulence in cryptocurrencies such as Bitcoin and Ethereum has brought blockchain implementation into the public eye. At the same time, CXOs across industries are increasingly recognizing the potential value that blockchain can deliver.
Santos to acquire red hot Quadrant Energy for US$2.15 billion
AS expected, a string of drilling successes off the WA coast has attracted a big suitor to Quadrant Energy, with Santos announcing it will pay US$2.15 billion to acquire 100% of the company a month after it made the huge Dorado oil discovery.
Carnarvon makes “transformational” oil discovery off WA coast
CARNARVON Petroleum Limited and its JV partner Quadrant Energy have made a “significant” oil discovery with the Dorado-1 well off the north-west coast of Western Australia.
Good news for Australia as gas is on target to take over as world’s primary energy source
As one of the world’s premier LNG producers Australia is expected to benefit from a major transition to gas in global energy mix.
Developing the oil and gas industry’s future workforce
Leading Australian employment consultancy Hays recently reported the outlook for the oil and gas industry was mainly positive, particularly in Western Australia, where there is increased growth in maintenance and sustainability.
Woodside promotes a spectrum of diversity
Due to the current political environment, conversations surrounding LGBTI+ are attracting more attention. So what is the Australian oil and gas industry doing to promote diversity within the industry? Woodside believes it’s a company that can lead the way in this context.
Australian Government extends NERA funding
The Australian Government has continued its commitment to AOG 2018 Principal Sponsor NERA with a significant announcement in the 2018-19 Budget.
AOG | Oil and Gas Industry Confidence Report
There is a clear view that a turnaround in industry confidence is occurring, with the majority of the respondents suggesting that the local industry is in the early stages of recovery, although there was a strong perception that the real strength of the turnaround will be more noticeable in the mid-term (2 to 5 years).
