Contractors set to feel COVID-19 impact: Rystad

Contractors will have to compete harder than ever, with Rystad Energy confirming that due to oil and gas companies cutting their investment budgets, it will only leave $US60 billion ($93.6 billion) worth of greenfield tenders for the market of services companies. According to the Rystad Energy analysis, pre-COVID-19 estimates placed the total value of tenders …
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Oil Search LNG production drops after equipment damage

Its September production dropped from 6.88 million barrels of oil in June to 6.81 million barrels despite strong production rates in July. The marginally lower quarter was a result of reduced rates of liquids, following the detection of damage to one of the mooring chains at the Oil Search-operated offshore liquids loading facility in the Gulf …
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Valmec reaches milestone at Project Atlas

The Atlas gas pipeline project will transport gas from the Atlas gas field, the first domestic gas acreage from the Queensland Government, to the domestic east coast market via Jemena’s Darling Downs Pipeline. Atlas is a 60-kilometre-long, buried gas pipeline between Senex Energy’s Atlas gas field, west of Wandoan and Jemena’s Darling Downs Pipeline, and …
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AEC appoints new Chair

AGL Energy CEO and Managing Director Brett Redman is the new AEC Chair, while Delta Electricity Chief Executive Greg Everett is the new Deputy Chair. The new appointments replace outgoing Chair and CEO Jeff Dimery and Deputy Chair and Hydro Tasmania CEO Stephen Davy. Mr Dimery will remain on the AEC board, but Mr Davy …
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Industry funds LNG training

The Australian Petroleum Production and Exploration Association (APPEA) announced $400,000 in funding towards the training as a support to the Western Australian Government’s LNG Jobs Taskforce. The program would create the materials and coursework needed to ensure LNG workers obtain qualifications recognised by all the operating companies in the industry. APPEA Chief Executive Andrew McConville …
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Industry welcomes National Hydrogen Strategy

The strategy was released last week by the Council of Australian Governments (COAG) Energy Council after being in development for nearly 12 months by COAG’s Hydrogen Working Group, chaired by Australia’s Chief Scientist Dr Alan Finkel. The strategy provides a plan for Australian governments and industry to grow the country’s hydrogen sector and turn the …
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ERA keeps ATCO prices low

In July, ATCO unveiled its $3.6 million Clean Energy Innovation Hub in Jandakot, WA, where it is investigating the potential of integrating hydrogen into the natural gas mix. ATCO had pushed for a greater increase in customer cost to use its 14,000 km WA gas pipeline network in order to subsidise the hydrogen project, but …
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NOPSEMA needs more from Equinor

The National Offshore Petroleum Safety and Environment Management Authority (NOPSEMA) has issued a notice to the Norwegian-based rel=”noopener noreferrer”>Equinor for further information relating to consultation, source control, oil spill risk and other matters protected under Part 3 of the Environment Protection and Biodiversity Conservation Act 1999. Equinor first submitted its environment plan in April this …
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Resource statement confirms West Erregulla size

Following the drilling and flow testing of the West Erregulla-2 well in Western Australia’s Perth Basin, project operator Strike Energy has released a resources statement confirming the field has a 2C contingent resource estimate of 1,185 BCF (33.55 billion m3) of gas. Strike said this estimate is likely to increase as the current total does …
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Testing underway at Reid’s Dome

State Gas has suspended drilling of the Aldinga East-1A well, located in PL 231 in Queensland, at a depth of 882 m with wireline logging and permeability testing operations now commencing. The company is also planning the re-entry and production testing of the Nyanda-4 well, situated approximately 12 km south of Aldinga, which was drilled …
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