Santos has delivered record annual production across its operations in 2019, as well as a lower unit production costs attributed to the effectiveness of the company’s disciplined, cash generative operating model. Read more
Carnarvon Petroleum has marked the beginning of a company transformation after a successful 2019 that included encouraging results from its Dorado asset and Buffalo project. Read more
BHP has reflected on a second half of 2019 where its petroleum output decreased by 9 per cent, while it also looks ahead to growth opportunities in this area of the company.
Metgasco has executed a re-stated L14 Western Flank farm-out agreement with Vintage Energy and Jade Energy subsidiary RCMA Australia. Read more
FAR has taken the final investment decision (FID) and received final credit approvals for an underwritten $US300 million ($436.3 million) senior secured reserve-based lending (RBL) facility for the Sangomar field development offshore of Senegal. Read more
Australian-based, Indonesian oil producer Bass Oil has reported a production record in December 2019 at its 55 per cent owned Tangai Sukanati KSO project. Read more
Bounty Oil & Gas has commenced the 2020 oil appraisal and exploration program at the Naccowlah Block in the Cooper-Eromanga Basins in Queensland. Read more
Buru Energy and Roc Oil have recorded the largest lifting of crude oil to date at the Ungani joint venture in Western Australia with 78,000 barrels. Read more
Falcon Oil & Gas has announced that the vertical section of the Kyalla 117 well in the Beetaloo Sub-Basin in the Northern Territory has been successfully and safely completed.
Oil and gas companies discovered 12.2 billion barrels of oil equivalent (boe) in 2019, the highest volume since 2015, according to estimates from Rystad Energy.