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Australia: QGC Launches Reconciliation Action Plan

20 November 2013

Queensland Minister for Aboriginal and Torres Strait Islander Affairs Glen Elmes on Tuesday launched a QGC plan to provide economic, social and environmental opportunities for Aboriginal and Torres Strait Islander communities. The Reconciliation Action Plan, approved by the non-government, not-for-profit foundation Reconciliation Australia, sets targets for employment numbers, contracts with indigenous businesses and mentoring schemes […]

CUCBM Signs Supplementary Gas Agreement on Linxing PSC (China)

29 October 2013

Sino Gas & Energy Holdings Limited announced that its Linxing Production Sharing Contract partner China United Coalbed Methane (CUCBM), has signed a supplementary gas agreement with an industrial gas purchaser in Shanxi Province, China. The supplementary agreement will allow earlier pilot production than anticipated in Q4 2013, through a Compressed Natural Gas (CNG) off-take arrangement, which will see […]

Santos Enters into Set of Principles for Land Access in NSW

28 March 2014

Santos has entered into a set of principles in NSW that recognizes the company’s long-standing position that it will not undertake drilling activities on private land without the voluntary consent of the landholder. The Principles of Land Access was signed by Santos, AGL, NSW Farmers, Cotton Australia and the NSW Irrigators Council at NSW Parliament House. Santos is […]

UK: Wood Group Profit Climbs

6 March 2012

Wood Group of UK reported its full year results for the year ended 31 December 2011. Financial Highlights – Total revenue of $6,052.3m (2010: $5,063.1) up 19.5% – Total EBITA1 of $398.7m (2010: $344.8m) up 15.6% – Revenue from continuing operations of $5,666.8m (2010: $4,085.1m) up 38.7% – EBITA from continuing operations2 of $341.6m (2010: […]

Israel: Delek Revenues Rise

30 March 2012

Delek Group said that it revenues in 2011 were NIS 59.2 billion, a 38% increase compared with NIS 42.8 billion in 2010. Net income in 2011 totaled NIS 2.6 billion, a 53% increase compared with net income of NIS 1.7 billion in 2010. Operating profit in 2011 totaled NIS 1.6 billion, a 32% increase compared […]

Australia: Tap Oil Finds Gas Shows in Tallaganda-1 Well

11 April 2012

Tap Oil Limited provides the following update on the Tallaganda-1 exploration well in permit WA-351-P offshore Carnarvon Basin, Western Australia. Location / Proposed Depth The Tallaganda-1 well is located within permit WA-351-P, of the Carnarvon Basin, Western Australia. The well was drilled in 1,141 metres of water to a final total depth of 4,365 metres […]

Italy: TITAN, Micoperi Present Costa Concordia Wreck Removal Plan

15 August 2012

Business & Finance

The Italian-American Consortium, TITAN/Micoperi, presented the detailed engineering and design plan for the removal of the wreck Costa Concordia to representatives from Osservatorio during a regularly scheduled meeting on Monday, August 13, 2012. The presentation confirmed the previously presented and shared phases of the plan. Activities in recent months have focused on the testing of […]

South Korea: Steel Cutting Ceremony Held for LNG Tanker

29 June 2012

Business & Finance

Steel cutting has commenced on the LNG vessel Hull Number S-1911 at the STX Offshore & Shipbuilding yard in Jinhae, South Korea. This vessel, together with her sistership Hull Number S-1910 which was started this May, were ordered by SCF Group (Sovcomflot) last year for a long-term time charter with GM&T group. When completed in […]

Strike Energy and Orora Ink GSA

23 June 2014

Strike Energy said that it has entered into a Gas Sales Agreement (GSA) for 45PJ of gas with Orora Limited. The GSA adds a further 15PJ of gas to the 30PJ agreed with Orora earlier this year in the Gas Supply Option Agreement (Option Agreement) announced by Strike on 15 January 2014 and supersedes and replaces that Option Agreement. […]

USA: Chesapeake Announces Sale of Fayetteville Shale Assets to BHP Billiton for $4.75 Billion

22 February 2011

Project & Tenders

Chesapeake Energy Corporation announced it has agreed to sell all of the company’s interests in approximately 487,000 net acres of leasehold and producing natural gas properties in the Fayetteville Shale play in central Arkansas to BHP Billiton Petroleum, a wholly owned subsidiary of BHP Billiton Limited, for $4.75 billion in cash before certain deductions […]

Mersey Tidal Power Project Enters Next Phase

10 May 2019

Research & Development

Metro Mayor of the Liverpool City Region, Steve Rotheram, has announced the next phase of a project to harness the tidal power of the river Mersey and Liverpool Bay. The Mersey Tidal Power project is expected to provide thousands of jobs for local people during the construction phase as well as into the future. Steve […]

Santos plummets to $1.1 bln loss on GLNG impairment

19 August 2016

Adelaide-based LNG player Santos on Friday reported a US$1.1 billion loss in the first half of 2016 due to a previously revealed impairment charge of $1.05 billion after tax for the GLNG project and lower oil prices.

Carnegie identifies potential sites for CETO 6 project

19 August 2015

Operations & Maintenance, Research & Development, Technology

Carnegie Wave Energy, an Australian wave energy developer, has completed the geophysical surveys and identified a number of feasible sites for the CETO 6 project. The geophysical survey activities used a number of different methods, including single and multi-beam echo sounding, side scan sonar and sub-bottom profiling to determine the composition and features of the […]

Scottish Energy Minister visits MeyGen

22 January 2016

Authorities & Government, Business & Finance

Atlantis Resources, the majority owner of the MeyGen tidal energy project, has welcomed the Scottish Energy Minister, Fergus Ewing, to the MeyGen site in Caithness, Scotland. The Minister visited the site to witness first-hand the onshore and offshore construction works taking place, and spoke to infrastructure team on the ground about the engineering aspects of […]

Marine Power Systems gets £2M for WaveSub

22 October 2015

Business & Finance, Research & Development, Technology

Swansea-based wave energy developer, Marine Power Systems (MPS), has received a grant from the EU that will be used for the testing of WaveSub wave energy converter. According to MPS, the £2 million of EU funds will enable the development and testing of MPS’ 1:4 scaled WaveSub, paving the way for a full-scale device planned for […]

Exmar to take delivery of Caribbean FLNG in April, cancels order for 2nd unit

30 March 2017

Belgium’s Exmar, the Nicolas Savery-led shipowner said it will take delivery of its Caribbean FLNG by the end of next month. The Caribbean FLNG is currently located at the Wison Offshore & Marine’s yard in Nantong, China. The 0.5 mtpa FLNG unit, with a 16,100-cbm storage capacity, was scheduled for delivery to Pacific Exploration and […]

UK: Phase 1 of Walney Offshore Wind Farm Becomes Operational

11 July 2011

Operations & Maintenance

The first phase of the offshore wind farm being developed in the Irish Sea by Walney (UK) Offshore Windfarms Ltd, in which SSE (Scottish and Southern Energy plc) has a 25.1% stake, is now operational. This means that 51 turbines, with a total installed capacity of 183.6MW, have successfully completed commissioning tests and are […]

Tellurian to acquire 15 tcf of gas for Driftwood LNG project

12 March 2018

The Houston-based LNG export project developer, Tellurian plans to acquire 15 trillion cubic feet of natural gas over the life of its Driftwood LNG project.

Australia, Timor-Leste sign milestone maritime boundary treaty

8 March 2018

Australia and Timor-Leste signed a treaty establishing permanent maritime boundaries as well as a framework to jointly develop the Greater Sunrise gas fields.

Ophir says Fortuna FLNG project on target for FID in Q4

14 September 2017

London-based Ophir Energy on Thursday said it expects to make a final investment decision on its Fortuna FLNG project in Equatorial Guinea in the fourth quarter of this year. The final decision on the FLNG project has been pushed back several times. In its July trading update, Ophir and its partner, OneLNG, a joint venture […]

Online service goes live for tidal and wave collaborations

13 December 2017

Authorities & Government, Business & Finance, Operations & Maintenance, Research & Development, Technology

Wave Energy Scotland (WES) and National Subsea Research Initiative (NSRI) have launched an online service to help subsea supply companies work together in bidding for contracts in wave and tidal energy.

Metgasco Commences Kingfisher Stimulation Program (Australia)

9 November 2010

Metgasco is pleased to advise that the trial stimulation program for Kingfisher E01 is in progress. Stimulation of the target sandstone interval at 1450 metres, in the Gatton sandstone, was completed on 5th November 2010. The well has been cleaning up over the weekend in preparation for flow testing. The reservoir has responded to the […]