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Oil & Gas

Image shows a Santos operation
Santos profits fall in H1
23rd August 2023 By: Esmarie Iannucci

Oil and gas major Santos has reported a fall in production, revenue and underlying profits for the half-year ended June. Production for the six months under review was down 13% on the previous... 


Image shows an aerial view of Wheatstone
Chevron ups output at Wheatstone
23rd August 2023 By: Esmarie Iannucci

US energy major Chevron on Wednesday revealed that the official nameplate capacity of the Wheatstone project’s domestic gas plant would increase by 5% from 205 TJ/d to 215 TJ/d, following technical... 


LNG production infrastructure
Kinetiko strikes LNG deal with the IDC
22nd August 2023 By: Esmarie Iannucci

The share price of ASX-listed Kinetiko Energy surged by nearly 40% on Tuesday on the signing of a non-binding term sheet with the Industrial Development Corporation of South Africa (IDC) to jointly... 


QPM sets A$24m raising target
22nd August 2023 By: Esmarie Iannucci

ASX-listed Queensland Pacific Metals (QPM) has flagged a A$24-million capital raise to enable gas production growth at its Moranbah project and to fund ongoing technical workstreams to secure debt... 


Image shows Woodside's Pluto LNG plant
Woodside posts record profits
22nd August 2023 By: Esmarie Iannucci

Energy major Woodside has reported a record net profit after tax of $1.74-billion for the first half of the 2023 financial year. Underlying net profits after tax for the half year was also up by... 


Renewable energy and fossil fuel power infrastructure
TIPS sets out to create a South Africa-focused Just Transition Transaction Framework
21st August 2023 By: Darren Parker

Independent, nonprofit economic research institution Trade & Industrial Policy Strategies (TIPS) has launched research on a proposed Just Transition Transaction Framework. During a webinar on... 


Image shows the North Rankin complex
Woodside workers vote on industrial action at NWS
21st August 2023 By: Esmarie Iannucci

The global oil market is bracing for the start of industrial action at Australian major Woodside’s North West Shelf platforms, should negotiations fail. Offshore Alliance members at Woodside will... 


A map showing the location of Kinetiko Energy's gas project in South Africa
Kinetiko reports reserve at pilot field
21st August 2023 By: Esmarie Iannucci

ASX-listed Kinetiko Energy has announced a maiden gas reserve of 3.1 BCF over its pilot gas production field in South Africa. An independent gas reserve and resource report has also resulted in a... 


Exxaro Resources CEO Dr Nombasa Tsengwa.
Decarbonisation is urgent imperative, says coal mining company Exxaro
17th August 2023 By: Martin Creamer

Decarbonisation of coal mining company Exxaro’s operations and entire value chain is an urgent imperative to reduce carbon dioxide emissions, which will result in the additional benefits of... 


Emission-free hydrogen taxis taking Berlin by storm.
Platinum-enabled hydrogen fuel cell taxis pass million kilo zero emission mark
17th August 2023 By: Martin Creamer

Platinum-enabled hydrogen fuel cell technology is taking the pollution out of the city of Berlin, as it may in time also do in Johannesburg given the local projects that are under way. By hailing a... 


Image shows an LNG plant
WA changes domestic gas policy
17th August 2023 By: Esmarie Iannucci

The Australian Petroleum Production and Exploration Association (Appea) has warned that changes to the Western Australian Domestic Gas Policy would curb investment in new onshore gas supply, saying... 


Jadestone remains fixed on Montara cure
16th August 2023 By: Esmarie Iannucci

Upstream oil and gas company Jadestone Energy remains focused on repairing its Montara floating production and storage operation (FPSO) offshore Australia, after a gas alarm was triggered. The... 


Image shows LNG tanker
ACCC releases guidelines for new Gas Market Code
15th August 2023 By: Esmarie Iannucci

Australian oil and gas producers could be hit with penalties of up to A$50-million if they are found not to be in compliance with the new Gas Market Code. The Australian Competition and Consumer... 


Buru exits MinRes JV
14th August 2023 By: Esmarie Iannucci

ASX-listed Buru Energy has struck a A$5-million deal with the energy arm of ASX-listed Mineral Resources (MinRes), for the sale of its interest in an onshore Carnarvon Basin permit and... 


Image shows the Waitsia development
Beach readies for stronger 2024
14th August 2023 By: Esmarie Iannucci

Energy major Beach Energy has reported an 8% fall in revenue and a 12% fall in underlying earnings before interest, tax, depreciation and amortisation (Ebitda) for the full year ended June, on the... 


Women making a home in Qld resources sector
14th August 2023

The number of women starting an apprenticeship or traineeship in Queensland’s resources sector had tripled over the past ten years. The figures from Queensland’s Department of Employment, Small... 


Image shows a handshake
Strike and Talon finally make a deal
14th August 2023 By: Esmarie Iannucci

ASX-listed Strike Energy has made good on its ambitions to acquire fellow-listed Talon Energy, entering into a binding scheme implementation deed with the takeover target after twice missing the... 


Image shows the Gorgon operation
Woodside and Chevron facing labour issues
11th August 2023

Oil and gas producers Woodside and Chevron could be facing industrial action from Offshore Alliance members over failure to reach an agreement on benchmark pay and conditions, prohibitions against... 


Chevron invests in low carbon projects
11th August 2023 By: Esmarie Iannucci

Oil and gas major Chevron has announced investments in two lower carbon projects in Western Australia. In its first nature-based carbon offsets project in Australia, Chevron will provide funding... 


Premier backs Scarborough deal
10th August 2023 By: Esmarie Iannucci

The Western Australian government has backed energy major Woodside’s $880-million deal with a subsidiary of LNG Japan Corporation to sell a 10% stake in the Scarborough liquefied natural gas (LNG)... 


Image shows Woodside logo on building
Woodside sells 10% in Scarborough
8th August 2023 By: Esmarie Iannucci

Oil and gas major Woodside has struck a near $880-million deal with a subsidiary of LNG Japan Corporation to sell a 10% stake in the Scarborough project. LNG Japan will pay Woodside a purchase... 


Bayu-Undan partners for CCS
7th August 2023 By: Esmarie Iannucci

Oil and gas major Santos and the joint venture (JV) partners at the Bayu-Undan project have signed a memorandum of understanding (MoU) with Timor-Leste’s national oil company TIMOR GAP to explore... 


Image shows Woodside CEO Meg O'Neill
King condemns protest action at Woodside boss' home
3rd August 2023 By: Esmarie Iannucci

Federal Resources Minister Madeleine King has condemned environmental protesters who were this week arrested outside the home Woodside boss Meg O’Neill. WA Police this week laid charges against... 


Jadestone forced to stop Montara
1st August 2023 By: Esmarie Iannucci

Upstream oil and gas company Jadestone Energy has suspended operations at its Montara floating production and storage operation (FPSO) offshore Australia, after a gas alarm was triggered. The... 


Strike/Talon deal sinks again
1st August 2023 By: Esmarie Iannucci

ASX-listed Strike Energy has again made and abandoned a bid for fellow-listed Talon Energy. Talon in July told shareholders it had been approached by Strike with a non-binding and indicative... 


UK Prime Minister Rishi Sunak
Britain commits to future North Sea oil and gas licences
31st July 2023 By: Reuters

Britain on Monday committed to granting future licences for North Sea oil and gas extraction as part of efforts to become more energy independent, in plans that have drawn criticism from... 


Senex signs another offtake deal at Atlas
31st July 2023 By: Esmarie Iannucci

Energy major Senex has inked a conditional gas supply agreement with French multinational utility company ENGIE for the supply of 9PJ of natural gas from its proposed Atlas expansion, in the... 


APA cuts the ribbon at new gas connector
28th July 2023 By: Esmarie Iannucci

Energy infrastructure group APA Group has officially opened its Northern Goldfields Interconnect (NGI) pipeline, in Western Australia, providing greater energy security and supporting growth and... 


Image shows an LNG plant
Victoria bans gas in new-build homes
28th July 2023 By: Esmarie Iannucci

The Victorian government has announced a landmark decision to phase out gas in new homes, drawing criticism from the industry. From January 2024, planning permits for new homes and residential... 


Strike makes and withdraws offer for Talon
25th July 2023 By: Esmarie Iannucci

ASX-listed Talon Energy on Tuesday confirmed that it had been approached by fellow-listed Strike Energy with a non-binding and indicative takeover offer, but that this offer had subsequently been... 


Image shows Santos operations
Santos' production rises in June quarter
21st July 2023 By: Esmarie Iannucci

Oil and gas major Santos has reported a 3% increase in production during the three months to June, compared with the previous quarter, on the back of higher production from its Western Australian... 


Image shows the North Rankin complex
Woodside closes difficult quarter
19th July 2023 By: Esmarie Iannucci

Oil and gas major Woodside has reported a 5% decline in production during the second quarter ended June, compared with the first quarter, owing to planned turnaround and maintenance activities.... 


Aus joins methane mitigation alliance
19th July 2023 By: Esmarie Iannucci

Australia has signed the joint statement on Accelerating Methane Mitigation from the Liquefied Natural Gas (LNG) Value Chain, joining the US, Japan, the Republic of Korea and the European Union.... 


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