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Oil & Gas

Suncor to buy Total's Fort Hills stake in C$1.47bn deal
5th October 2023 By: Bloomberg

Suncor Energy agreed to buy TotalEnergies' stake in the Fort Hills oil-sands mine for C$1.47-billion after an earlier deal to buy the French company’s Canadian assets was scuttled by... 


Nicky Oppenheimer.
Conservation: if business-as-usual continues, world’s doomed – Oppenheimer conference hears
4th October 2023 By: Martin Creamer

World-renowned conservationist Jane Goodall reminded hundreds of scientists present at the 12th Oppenheimer Research Conference in Midrand that if the world carries on with a business-as-usual... 


Image shows LNG container ship
AEP welcomes Future Gas Strategy consultation
4th October 2023 By: Esmarie Iannucci

Australian Energy Producers (AEP) this week said the Australian government’s Future Gas Strategy consultation paper highlighted the urgent need for investment in new gas supply to avoid future... 


Image shows iron-ore being loaded to ship
Australian resource exports poised to fall
4th October 2023 By: Esmarie Iannucci

Australia’s commodity export earnings are forecast to fall from last year’s record A$467-billion to A$400-billion in 2023–24, and A$352-billion by 2024–25, the Department of Industry, Science and... 


Vedanta chairperson Anil Agarwal
Vedanta split unlikely to help parent's near-term debt crisis – analysts
3rd October 2023 By: Reuters

Metals-to-oil conglomerate Vedanta's move to split into six separate units in the next 15 months may not immediately help its UK-based parent meet a looming payment deadline for about $4.2-billion... 


Image shows an LNG operation
Consultation starts on Future Gas Strategy
3rd October 2023 By: Esmarie Iannucci

The federal government has released a discussion paper and opened consultations on a national Future Gas Strategy. Minister for Resources and Northern Australia Madeleine King said Australia’s... 


Shell's Mereenie offtake a step closer
2nd October 2023 By: Esmarie Iannucci

Energy major Shell’s gas supply agreement with the Mereenie joint venture (JV) partners has become unconditional. Shell last year struck a supply agreement with ASX-listed Cue Energy for the... 


Vedanta chairperson Anil Agarwal
Vedanta demerges divisions into subsidiaries
29th September 2023 By: Marleny Arnoldi

Dual-listed miner Vedanta's board has approved the demerger of its diversified businesses into separate subsidiaries. The exercise will result in a demerged Vedanta and five wholly-owned... 


QPM's Northern Hub gets enviro approval
29th September 2023 By: Esmarie Iannucci

ASX-listed Queensland Pacific Metals (QPM) has been granted federal environmental approval for its Northern Hub, in Queensland. QPM Energy has sought regulatory approvals for development of the... 


Image shows the Woodside building
Court order hampers Scarborough development
29th September 2023 By: Esmarie Iannucci

The National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) this week said that it would review a Federal Court decision which found that an environmental plan for part... 


Image shows a collage of climate change images
CCUS integral to net zero - IEA
27th September 2023 By: Esmarie Iannucci

Australian carbon reduction technology investment company Low Emission Technology Australia (LETA) has welcomed the International Energy Agency's (IEA) inclusion of carbon capture, utilisation and... 


Sasol moves to improve coal quality, completes study for new destoning unit
Sasol moves to improve coal quality, completes study for new destoning unit
26th September 2023 By: Darren Parker

JSE-listed energy group Sasol has confirmed that its planned new destoning unit, which has the potential to improve the quality of coal at its mines, will be on line towards the end of 2025 or... 


Walyering produces first gas
26th September 2023 By: Esmarie Iannucci

First gas has been produced from the Walyering gas filed, with the gas exported into the Parmelia gas pipeline under commissioning arrangements with gas major Santos. “The commencement of... 


Image shows an aerial view of the Wheatstone operation
Strike likely to end at Chevron operations
22nd September 2023 By: Esmarie Iannucci

Industrial action at the US Gorgon and Wheatstone liquefied natural gas (LNG) operations could come to a close as unions and US energy major Chevron agreed to a deal proposed by the Fair Work... 


APA raises A$200m in SPP
21st September 2023 By: Esmarie Iannucci

Energy infrastructure company APA Group has completed its share purchase plan (SPP), raising A$200-million, well above the targeted A$75-million. The SPP formed part of a greater capital raise,... 


Kinetiko takes full ownership of Amersfoort gas project
Kinetiko takes full ownership of Amersfoort gas project
21st September 2023 By: Esmarie Iannucci

South Africa-focused Kinetiko Energy has taken full ownership of the Afro Energy joint venture, having completed the acquisition of partner Badimo Gas’ interest. Kinetiko has issued Badimo with... 


Invictus raises A$15m for Zim gas hunt
21st September 2023 By: Esmarie Iannucci

ASX-listed Invictus Energy will raise A$15-million in a share placement from sophisticated and institutional investors to fund the upcoming Mukuyu-2 exploration campaign, in Zimbabwe. The company... 


An oil and gas exploration rig in Namibia
Africa’s newest oil jackpot comes with a corruption curse
20th September 2023 By: Bloomberg

It’s touted by some as possibly the world’s biggest-ever deep-water oil find. The discovery off the shores of Namibia last year by TotalEnergies and Shell of an estimated 11-billion barrels of... 


Image shows an LNG operation
ACCC predicts east coast gas surplus in 2024
20th September 2023 By: Esmarie Iannucci

The Australian Competition and Consumer Commission (ACCC) has revealed that Australia’s east coast gas market should have a 1.4 petajoule (PJ) surplus in the first quarter of 2024, even if the... 


Santos announces farm-downs in Alaska
Santos announces farm-downs in Alaska
20th September 2023 By: Esmarie Iannucci

Oil and gas major Santos has announced plans to farm down half of its working interest in 148 exploration leases, covering more than 270 000 acres of land, on the Alaska North Slope in an agreement... 


Blue Energy stumbles on approvals decline
20th September 2023 By: Esmarie Iannucci

The share price of ASX-listed Blue Energy fell nearly 16% on Wednesday after the Queensland Department of Resources declined to grant the company nine potential commercial area (PCA) applications... 


Image shows a handshake
Comet Ridge cements first offtake at Mahalo
19th September 2023 By: Esmarie Iannucci

ASX-listed Comet Ridge has signed its first gas sales agreement for the Mahalo gas hub, inking a seven-year agreement with Queensland-owned CleanCo. CleanCo will take 3PJ a year of natural gas... 


Woodside advances CCS studies
15th September 2023 By: Esmarie Iannucci

Oil and gas major Woodside this week told shareholders that the company was progressing carbon capture and storage (CCS) studies, having signed a memorandum of understanding (MoU) with three... 


Strike awarded production licence at South Erregulla
13th September 2023 By: Esmarie Iannucci

ASX-listed Strike Energy has been granted a production licence by the Department of Mines, Industry Regulation and Safety over its South Erregulla gas field, in Western Australia. South Erregulla... 


EPA backs Woodside's solar plans
13th September 2023 By: Esmarie Iannucci

The Western Australian Environmental Protection Authority (EPA) has recommended the approval of oil and gas major Woodside’s solar facility plans in the Pilbara’s Maitland Strategic Industrial Area... 


Image shows the Northern Endeavour PFSO
Gov weighing safeguards to avoid Northern Endeavour repeat
13th September 2023 By: Esmarie Iannucci

The Australian government is considering ways to strengthen the existing financial assurance regime for offshore oil and gas titleholders, to better insulate taxpayers against future... 


Image shows the North Rankin complex
Decommissioning offering valuable opportunity for sector
13th September 2023 By: Esmarie Iannucci

The Australian government has released an issue paper on offshore decommissioning, which has highlighted the opportunities for the oil and gas sector. Speaking in Parliament, Resources Minister... 


Image shows Woodside CEO Meg O'Neill
Production starts at Shenzi North
13th September 2023 By: Esmarie Iannucci

Oil and gas major Woodside has started production at the Shenzi North project in the deep-water US Gulf of Mexico. Shenzi North is a two-well subsea tieback that takes advantage of the existing... 


Santos prices $850m bond
12th September 2023 By: Esmarie Iannucci

Oil and gas major Santos has priced a $850-million senior unsecured fixed rate bond transaction in the US market. The bonds have been priced at a fixed coupon rate of 6.875% for a period of ten... 


Image shows an LNG plant
WA gas market to remain tight in short term - report
11th September 2023 By: Esmarie Iannucci

An independent report into Western Australia’s gas market has found that domestic supply would remain tight until 2027, until new supply led by Perth Basin and Scarborough volumes came online.... 


Woodside inks CCS MoU with KEPCO
7th September 2023 By: Esmarie Iannucci

Oil and gas major Woodside will collaborate with Japanese company Kansai Electric Power Co (KEPCO) on carbon capture and storage (CCS). The two companies have inked a non-binding memorandum of... 


Image shows the Wheatstone platform
Chevron workers prepare for two week work stop
5th September 2023 By: Esmarie Iannucci

Up to 500 workers at US energy giant Chevron’s Gorgon and Wheatstone projects in Western Australia, are preparing for a two-week strike, starting on September 14. The escalation in notified... 


Kinetiko expects to complete Afro Energy buyout soon
4th September 2023 By: Darren Parker

Energy company Kinetiko Energy expects that it will formally close the acquisition of 100% of Afro Energy within the next few weeks.  Australia-headquartered Kinetiko is developing an energy... 


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