FAR secures offtake with Glencore for Sangomar oil

FAR has signed a memorandum of understanding (MoU) with Glencore Energy for the full allocation of its crude oil from the Sangomar oil field development offshore Senegal. The agreement with Glencore provides
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BHP petroleum output hit by storms and maintenance

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. The company, with operator
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Metgasco executes farm-out agreement for Cervantes

Metgasco has executed a re-stated L14 Western Flank farm-out agreement with Vintage Energy and Jade Energy subsidiary RCMA Australia. The re-stated farm-out agreement has been executed as per the conditions
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FAR secures Sangomar final investment decision

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
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Barossa pipeline project tender opens

A new contract relating to the Barossa joint venture’s gas export pipeline has been offered this week. The Barossa project, 300km north of Darwin in the Bonaparte Basin offshore Northern Territory, will
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Aker secures contract for Beach offshore project

Aker Solutions has won a contract to provide subsea control systems for Beach Energy to undertake phase four and five of the Otway project offshore Victoria. The order includes seven sets of Vectus
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Oil and gas discoveries hit four-year high

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. There were 26 discoveries of more than
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Shell makes significant gas discovery offshore WA

The company’s drilling of the Bratwurst -1 exploration well, within title AC/P64 (100 per cent Shell equity, operated), was safely and successfully concluded on December 4 last year after a 78-day
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Triangle resumes Perth Basin production

The CH-13 well in the Perth Basin returned to production on December 13 following the installation of an electric submersible pump (ESP) replacement. The well has since been tested over the past weekend.
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