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Oil & Gas

Exploration spend sets records for June quarter
4th September 2023 By: Esmarie Iannucci

New data from the Australian Bureau of Statistics (ABS) has shown that mineral exploration expenditure in Australia rose to record highs in the June quarter. In original terms, quarter on quarter,... 


Image shows an aerial view of the Gorgon operation
Workers reject Chevron's overtures
1st September 2023 By: Esmarie Iannucci

Workers at US energy major Chevron’s Gorgon and Wheatstone Downstream gas processing facilities in north-west Western Australia have rejected an enterprise agreement not endorsed by their... 


Image shows a handshake
Santos strikes deal on PNG LNG stake
1st September 2023 By: Esmarie Iannucci

Oil and gas major Santos has struck a $576-million deal to sell off a 2.6% participating interest in the Papua New Guinea (PNG) liquefied natural gas (LNG) project to Kumul Petroleum Holdings.... 


Image shows an LNG plant
More gas needed to avoid AEMO predicted shortfall - Appea
31st August 2023 By: Esmarie Iannucci

The Australian Petroleum Production and Exploration Association (Appea) said on Thursday there was an urgent need for more gas supply after the Australian Energy Market Operator (AEMO) said there... 


WA gas policy could curtail investment - MinRes
30th August 2023 By: Esmarie Iannucci

ASX-listed Mineral Resources (MinRes) this week said that Western Australia’s domestic gas policy could hamper the development of its onshore gas assets. During the company’s full-year results... 


Aus releases greenhouse gas storage acreage
30th August 2023 By: Esmarie Iannucci

The Australian Petroleum Production and Exploration Association (Appea) has welcomed the release of new areas for exploration for offshore greenhouse gas storage to help Australia lower emissions... 


Image shows Woodside headquarters in Perth
Woodside gets Trion approval
30th August 2023 By: Esmarie Iannucci

The Mexican regulator, Comision Nacional de Hidrocarburos, has approved oil and gas major Woodside Energy’s field development plan for its Trion project. Woodside in June approved the $7.2-billion... 


Image shows the Gorgon platform
Alliance members vote for industrial action at Chevron
29th August 2023 By: Esmarie Iannucci

US energy major Chevron is facing industrial action with Offshore Alliance members at the company’s Western Australian gas facilities issuing a notice of intention to take protected industrial... 


Strike won't increase the offer for Talon
28th August 2023 By: Esmarie Iannucci

ASX-listed Strike Energy on Monday said it would not increase its bid for fellow-listed Talon Energy, in the absence of a superior offer. Under the current scheme, Talon shareholders will receive... 


QPM completes Moranbah buy
25th August 2023 By: Esmarie Iannucci

ASX-listed Queensland Pacific Metals (QPM) has completed the acquisition of the Moranbah gas project, transforming the company into the sixth largest domestic gas producer on the Australian... 


Image shows the Wheatstone LNG operation
Woodside avoids strike, but Chevron remains in the crosshair
24th August 2023 By: Esmarie Iannucci

Oil and gas major Woodside has avoided industrial action at its North West Shelf operations, offshore Western Australia, reaching an agreement with the Offshore Alliance employee representatives.... 


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... 


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