Cliff Head progresses toward investment decisions

Throughout 2019, work has been progressing at the WA-31-L Cliff Head Renewable Project that will determine opportunities to transform production rates and economic life. Several bypassed oil and infill opportunities have been identified within Cliff Head, which are being matured for development decisions later this year. Opportunities that will deliver new production streams include two …
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TechnipFMC splitting into two companies

Earlier this week, TechnipFMC announced its board of directors had unanimously approved the plan to split into two separate companies. The separation will comprise of RemainCo, a fully-integrated technology and services provider focused on energy development, and SpinCo, an engineering and construction player. Following the separation, each company will focus on its respective strategies to …
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Kincora plant back online

Three weeks ago, Armour Energy reported the plant had suffered an outage on its C101 compressor – an integral part of the LPG gas circuit and a component required to produce sales quality gas for export to the market. The company now reports the plant is back online, with Armour having also made the decision …
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West Erregulla gas “exceptional”

Strike and its joint venture (JV) partner Warrego Energy had already encountered strong gas shows at West Erregulla’s Wagina sandstone, but the JV now reports the find in the Kingia sandstone is much more significant, with Strike Managing Director Stuart Nicholls calling the discovery “truly an exceptional outcome”. “The Kingia results at West Erregulla have …
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Shell moves to acquire ERM

Shell will purchase 100 per cent of ERM for a price of $2.465 per share, representative of a 38.4 per cent premium on the one month volume weighted average price of an ERM share of $1.78. The deal still requires shareholder approval but has been endorsed by the ERM board. ERM is an energy generation, …
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Bight seismic deferred to next year

In January, the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) approved an application from PGS to conduct seismic surveys in area approximately 90 km west of Kangaroo Island and 80 km southwest of Port Lincoln. But according to The Advertiser the company has suspended the operations until next year after funding from investors was put …
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Senex continues to hit targets

Senex said production in the 2019 financial year increased 43 per cent to 1.2 MMboe, including daily production at the Roma North development exceeding 8 TJ/d in the fourth quarter. Roma North and Project Atlas, both in the Surat Basin, took major steps forward over the past 12 months, seeing regulatory approvals, final investments decisions, …
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Real says Windorah still viable

In July, Real reported lower than expected gas flow rates at the project’s Tamarama 2 and Tamarama 3 wells in the Cooper Basin, but the company said the weak performance was due to operational and mechanical issues, not geological ones. The company said it was now focused on determining the best extraction methods to ensure …
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Buyers circling Crux

Crux is located off the coast of Western Australia and Seven (15 per cent owner), project operator and majority owner Shell (82 per cent) and joint venture (JV) partner Osaka Gas (3 per cent) are looking to develop the field with five production wells and associated infrastructure tied back to the existing Prelude Floating LNG …
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Leigh Creek acquires development funds

Earlier this year, LCK received a petroleum resources management system certificate of 1,153 PJ of 2P gas reserves at its Leigh Creek Energy Project (LCEP), which the company says is the largest uncontracted gas reserve available to Australia’s east coast customers. The company has now completed a placement of 14.32 million ordinary shares in order …
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