Beach Energy has taken rapid and decisive action in response to the lower oil price environment, declaring it is in a stable position to navigate the drop in prices. Read more
Buru, Roc move forward with Ungani oilfield production
Buru Energy has reported that production will continue at the Ungani oilfield joint venture in the Canning Basin, Western Australia, with the next lifting scheduled for mid-May. Read more
Origin, Falcon halt Beetaloo operations
Falcon Oil & Gas has confirmed that operational plans at the Beetaloo joint venture project in the Northern Territory have been temporarily paused due to the impact of COVID-19. Read more
3D Oil nears completion of ConocoPhillips farmout
3D Oil and ConocoPhillips have executed a joint operating agreement for the T/49P permit offshore Tasmanian. Read more
Central development projects come to a standstill
Central Petroleum is anticipating that there won’t be any material impact on its production capacity, but due to the extraordinary market conditions the company has introduced a strong focus on the resilience of the business. Read more
Senex moves Surat Basin projects forward
Senex Energy has advised that the Easternwell Rig 27 returned to Project Atlas in the Surat Basin, Queensland in early March and has subsequently completed drilling, with two wells in production. Read more
Woodside rethinks investment decisions for major growth projects
Woodside has decided to defer proposed final investment decisions (FIDs) for the Scarborough, Pluto Train 2 and Browse projects in Western Australia following the uncertain global investment environment arising from the spread of COVID-19. Read more
Productivity Commission draft to combat industry red tape
A Productivity Commission draft report on resources sector regulations has indebted several ways that governments can reduce red tape and other barriers to develop and invest in the industry. Read more
Jemena to assist Australia’s transition to hydrogen
Jemena, a member of the international hydrogen supply chain, is set to be part of Australia’s low carbon vision using the fuel. Read more
Project Venus JV granted QLD Government approvals
Project Venus, a joint venture between Strata-X and Real Energy, is one of two gas permits in southwest Queensland that has been given the green light for exploration and development by the state government. Read more