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Oil and Gas News

Mining drives WA to a A$5.6bn surplus

By: Esmarie Iannucci     9th September 2021 The Western Australian government is predicting a surplus of A$5.6-billion for 2020/21, driven by a strong economy and increased revenues from the resources sector. For 2021-22, the state government is currently predicting a surplus of A$2.8-billion, with strong surpluses expected to continue... 

Senex to supply gas to Qld zinc mine

By: Esmarie Iannucci     9th September 2021 ASX-listed Senex Energy has inked a gas sales agreement with zinc miner New Century Resources for the sale of 7 PJ of natural gas over a three-year period Senex on Thursday announced that the natural gas would be supplied to New Century at the Diamantina power station in Mount Isa, generating... 

Santos eyes zero-emissions as Oil Search refinances

By: Esmarie Iannucci     9th September 2021 Takeover target Oil Search has secured a $565-million non-amortising revolving credit facility with an expiry date of December 2026, from abanking group comprises banks from Papua New Guinea (PNG), Australia, Asia and the US. The new corporate facility replaces the previous $600-million... 

World's largest plant capturing carbon from air starts in Iceland

By: Reuters     8th September 2021 The world's largest plant that sucks carbon dioxide directly from the air and deposits it underground is due to start operating on Wednesday, the company behind the nascent green technology said. Swiss start-up Climeworks, which specialises in capturing carbon dioxide directly from the air, has... 

Appea blasts lack of gas mention in WA strategy

By: Esmarie Iannucci     8th September 2021 The Australian Petroleum Production and Exploration Association (Appea) this week said that the Western Australian government had ‘missed an opportunity’ with its resources sector strategy, as it did not acknowledge the critical role that a reliable and affordable supply of energy, particularly... 

Extractives sector moves to turn the tide on corruption

By: Creamer Media Reporter      7th September 2021 Governments, business and civil society are uniting in the fight against corruption in the extractives sector, demonstrating support and commitment for beneficial ownership transparency. The Extractive Industries Transparency Initiative (EITI) reports that anonymous ownership of companies can be... 

A photo of an openpit mining operation

EPA approves $4.5bn Perdaman plant

By: Esmarie Iannucci     7th September 2021 The Western Australian Environmental Protection Authority (EPA) has approved plans by multinational Perdaman to construct and operate a urea plant within the Burrup Strategic Industrial Area. Perdaman is proposing to invest $4.5-billion to develop the plant that will transform natural gas into... 

Botswana copper miner Khoemacau giving attention to ESG silver lining  

By: Martin Creamer     7th September 2021 Khoemacau Copper Mining of Botswana, which is ramping up to nameplate throughput of 3.65-million tonnes a year, is also giving attention to environmental social and governance (ESG) matters that include considerable renewable energy generation and promising community development initiatives. In... 

Picture from Cupric Canyon Capital and Khoemacau Copper Mining CEO Johan Ferreira
Cupric Canyon Capital CEO Johan Ferreira interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Beetaloo exploration to continue - Minister

By: Esmarie Iannucci     7th September 2021 Federal Resources and Water Minister Keith Pitt on Tuesday said that exploration on the Beetaloo basin would continue, despite a looming Federal Court case. The Environment Centre of the Northern Territory lodged an application to the Federal Court on July 28 to have the Beetaloo Coopeative... 

Santos and Oil Search extend talks

By: Esmarie Iannucci     6th September 2021 Oil and gas producer Santos and takeover target Oil Search have extended the exclusivity agreement between the two companies for a further week, until September 13. The two companies in August announced a potential merger to create a A$21-billionoil and gas giant, under which Oil Search... 

BHP contributes to Ida relief efforts

By: Esmarie Iannucci     6th September 2021 Diversified miner BHP will donate $1-million to the American Red Cross to assist in relief efforts in Louisiana, following Hurricane Ida. The donation will assist the Red Cross in providing food, shelter, and financial assistance to families in Terrebonne and Lafourche Parishes, and BHP will... 

Offshore drilling ban and mining curbs edge closer to passage

By: Bloomberg     3rd September 2021 Legislation to block oil drilling in most US waters and Alaska’s Arctic National Wildlife Refuge edged closer to passage Thursday, as the House Natural Resources Committee rejected more than a dozen changes sought by Republicans. The bill would slap new fees on oil and mining companies and... 

Offshore drilling ban and mining curbs edge closer to passage

BHP returns workers to Shenzi platform in US Gulf, no damages identified

By: Reuters     2nd September 2021 BHP Group has started to re-staff its Shenzi oil and gas platform in the US Gulf of Mexico, a spokesperson said on Wednesday. No damage has been identified in the platform and remobilisation should be concluded by the end of the day, according to spokesperson Judy Dane. Timing for production... 

An image of an oil platform

Govt paves the way for offshore energy projects

By: Esmarie Iannucci     2nd September 2021 The federal government has introduced legislation to unlock a wave of new investment in offshore electricity generation and transmission projects. The Offshore Electricity Infrastructure Bill 2021 will establish a framework for the construction, operation, maintenance and decommissioning of... 

Senex signs gas deal with Opal

By: Esmarie Iannucci     2nd September 2021 Gas producer Senex Energy has inked a gas sales agreement with packaging and paper manufacturer Opal. Under the initial four-year agreement starting 1 January 2023, Senex will provide around 8 PJ of natural gas to support the Opal Paper & Recycling division’s manufacturing operations at Botany,... 

Image shows a generic LNG plant

Opec+ sees 2021 oil deficit, 2022 surplus as supply revived

By: Bloomberg     31st August 2021 Opec and its allies expect global oil markets will continue to tighten this year even as they revive output, but then flip into surplus again in 2022. The data -- to be presented to the group’s Joint Technical Committee on Tuesday -- ought to reassure the Organization of Petroleum Exporting... 

Trudeau pledges tighter rules for oil companies to cut emissions

By: Bloomberg     30th August 2021 Prime Minister Justin Trudeau said his government would require Canada’s oil and gas sector to set benchmarks to reduce emissions if he is re-elected. In a platform published Sunday, the Liberals pledged to force oil and gas companies to set five-year targets to cut their emissions with the aim... 

An image of Canadian PM Justin Trudeau speaking.
Prime Minister Justin Trudeau

'Extremely dangerous' Hurricane Ida knocks out more oil than Katrina

By: Reuters     28th August 2021 US oil and gas companies on Friday cut more than 1.6-million barrels of oil production as a major storm churned toward oilfields that provide 17% of the nation's oil production. Production cutbacks ahead of Hurricane Ida exceed those during 2005's devastating Katrina Ida barreled into Cuba on... 

Woodside joins forces with MAN Energy

By: Esmarie Iannucci     27th August 2021 Oil and gas major Woodside has inked a cooperation agreement with MAN Energy Solutions to commercialise a liquefied natural gas (LNG) technology for small- to mid-scale LNG production. Known as Factory LNG, the technology would combine Woodside’s intellectual property and LNG experience with... 

Multinational oil company promotes EALs growth

By: Claire O'Reilly     27th August 2021 Biodegradable, environmentally acceptable lubricants (EALs) offer companies a solution to balance productivity and environmental protection, with performance levels comparable with those of conventional fluids, says multinational oil and gas company Shell.  

US offshore oil workers flee as storm approaches Gulf of Mexico

By: Reuters     26th August 2021 US energy companies on Thursday began airlifting workers from Gulf of Mexico oil production platforms and moved vessels from the path of what could become a devastating hurricane by the weekend. A storm is brewing in the Caribbean Sea and is forecast to grind through the main oil-producing... 

BHP will fully evacuate its Shenzi platform and shut in its production by Friday.
BHP will fully evacuate its Shenzi platform and shut in its production by Friday.

Mining sector's contribution to Egypt's GDP to rise to 5% by 2025

By: Simone Liedtke     26th August 2021 The recent implementation of landmark legislation and regulatory reforms in Egypt is expected to result in the country attracting greater investment in infrastructure and human capital development. That, in turn, will pave the way for the country to tap into its significant deposits of metals and... 

Beetaloo alludes to promising future - Appea

By: Esmarie Iannucci     26th August 2021 An interim report into the development of the Beetaloo basin has found that it could create up to 6 300 new long-term jobs for the Northern Territory. The Australian Petroleum Production and Exploration Association (Appea) this week said that the Beetaloo basin was only in the exploration phase,... 

Parliament gives govt greater leeway in oil and gas framework

26th August 2021 The federal Parliament has passed legislation to strengthen Australia’s offshore oil and gas regulatory framework. The changes would enhance the government’s oversight and scrutiny of a range of company transactions to ensure that entities that want to operate in the oil and gas industry are... 

Santos awards a second FEED contract at Dorado

By: Esmarie Iannucci     26th August 2021 Oil and gas major Santos has awarded the front-end engineering and design (FEED) contract for the design, construction and installation of the wellhead platform (WHP) for the Dorado project, offshore Western Australia, to Sapura Energy. The WHP will be an unmanned installation, located in 90 m... 

Heaps of downstream potential in WA - report

By: Esmarie Iannucci     25th August 2021 An independent study into the economic benefits of diversifying and growing downstream gas processing industries in Western Australia, has shown shows there is gas available in the state to support opportunities for investment in new downstream gas processing industries, including urea, methanol... 

Oil Search sees tie-up with Santos crucial to growth plans

By: Reuters     24th August 2021 Oil Search will need billions of dollars to fund its growth plans, and tying up with Santos to create a A$20-billion company will give it the access to capital that it needs, its boss said on Tuesday. Oil Search agreed to an all-stock takeover this month after Santos raised its offer slightly to... 

BHP risks losing two notches to credit rating on oil asset sale

By: Reuters     24th August 2021 BHP Group is at risk of losing two notches on its credit rating given the sale of its petroleum business will raise the miner's dependence on its major business of iron ore, credit ratings agency S&P Global said on Wednesday. BHP has agreed to hive off its petroleum business to Woodside... 

PNG back at the table for P'nyang

By: Esmarie Iannucci     23rd August 2021 The government of Papua New Guinea (PNG) on Monday confirmed that it would restart talks with energy producer ExxonMobil over the P'nyang project. Negotiations between the PNG government and ExxonMobil stalled in 2019, as the then-newly appointed government sought to renegotiate the terms of the... 

Santos awards FEED contract at Dorado

By: Esmarie Iannucci     23rd August 2021 Oil and gas major Santos has awarded the front-end engineering design (FEED) contract for the floating production, storage and offloading (FPSO) facility for the Dorado project, in the Bedout sub-basin, offshore Western Australia, to Altera Infrastructure (Altera). The facility is targeting an... 

Dorado opens for public comment

By: Esmarie Iannucci     20th August 2021 The National Offshore Petroleum Safety and Environmental Management Authority (Nopsema) has called for public comment on oil and gas major Santos’ Dorado development. Dorado is an integrated oil and gas project which is planned to be developed in two phases. Phase 1 development involves the... 

CCS integral to zero emissions - Appea

By: Esmarie Iannucci     20th August 2021 The Australian Petroleum Production and Exploration Association (Appea) has said that carbon capture and storage (CCS) was the key to safely and permanently reducing greenhouse gas emissions in the oil and gas industry. Speaking at the Australian Carbon Capture Utilisation and Storage (CCUS)... 

Taliban's return clouds long-delayed plans for Afghanistan's resources

By: Reuters     19th August 2021 China is warily eyeing the resumption of some Afghan resource projects but it will take years before the infrastructure is ready while security issues threaten to once again stall projects, according to state media and industry sources. Afghanistan's vast mineral wealth - including large reserves... 

An image of a fighter in Afghanistan

Senex doubles revenue in 2021

By: Esmarie Iannucci     19th August 2021 Oil and gas producer Senex Energy has reported a 103% increase in sales revenue for the 2021 financial year, as production increased by 140%. The ASX-listed company on Thursday reported that natural gas production for the full year reached 17.3 PJ, with revenues growing to A$109.6-million.... 

Trump-approved ConocoPhillips Alaska project voided by judge 

By: Bloomberg     19th August 2021 The Trump administration’s approval of a ConocoPhillips oil field project on Alaska’s Northern Slope was rescinded by a federal judge who said it failed to adequately protect polar bears and didn’t properly consider the effects on climate change. Federal officials also failed to properly... 

Minister blasts green protestors

By: Esmarie Iannucci     19th August 2021 Federal Resources and Water Minister Keith Pitt has slammed attempts by activists to disrupt gas exploration to the west of King Island, after some protesters attached themselves to a seismic vessel. This was the third day of protests against the planned seismic activity by major ConocoPhillips... 

Woodside buys BHP's petroleum division

By: Esmarie Iannucci     17th August 2021 Diversified miner BHP and oil and gas producer Woodside has struck a merger agreement to combine their respective oil and gas portfolios through a stock merger. It is proposed that BHP’s oil and gas business would merge with Woodside, and Woodside would issue new shares to be distributed to BHP... 

Image shows a handshake

Biden to resume oil, gas drilling-rights sales as appeal unfolds

By: Bloomberg     17th August 2021 The Biden administration is appealing a federal judge’s ruling against its moratorium on the sale of new drilling rights and expanding its scrutiny of the activity. “Federal onshore and offshore oil and gas leasing will continue as required by the district court while the government’s appeal is... 

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