The Ministry of Petroleum and Mineral Resources has announced positive drilling results of Nasim-1X natural gas exploratory well in Tiba Concession in the Mediterranean Sea. Drilling operations and preliminary evaluation have revealed a gas-bearing interval with excellent petrophysical properties, with initial estimates indicating approximately 200 Bcf of natural gas in the reservoir. The Ministry highlighted that […]
Australia’s government has relaxed gas supply rules for producers aimed at securing enough gas for the domestic market. Originally, the rules stipulated that producers should reserve 20% of output for the Australian market. Now, the proposal is for up to 20% of output to be reserved for the domestic market.
Zenith Energy Australia has been awarded a contract by the Australian government to lead Phase 2 of the Northern Endeavour decommissioning program, including the permanent plugging and abandonment (P&A) of nine subsea wells in the Timor Sea. The contract, awarded following an international tender process, covers wells within the Laminaria-Corallina oil fields and represents a key stage […]
A new oil refinery being considered for Australia would still require imported oil to run, only partially shielding the country from ongoing global shocks.
Australia’s Northern Territory has granted land to a major data center project that claims it could attract A$40 billion ($28 billion) in private investment.
Industrial action at the Ichthys LNG project offshore Australia has started to affect loadings, with Reuters reporting that one tanker has been delayed as a result of the limited strike.
OEG has secured a multi-million-dollar contract extension to continue supporting offshore drilling operations in Australia’s Bass Strait through the expected end of field life in 2036.
The Browse LNG project in Australia, proposed by Woodside Energy, is set to cost about $35 billion, a new report commissioned by the Australian oil and gas major showed on Monday.
The Australian government said Wednesday it will include a AUD-10 billion ($7.26 billion) Australian Fuel Security and Resilience package in the federal budget next week.
Australia’s Queensland state has expanded oil and natural gas exploration in a major basin, as the fossil fuel exporter seeks to address local shortfalls.