Despite offshore exploration spending hitting a new low, drilling activities are expected to ramp up, with BP’s exciting Ironbark-1 well targeting a potentially giant gas deposit off Western Australia and Santos probing an exciting shale formation in Northern Australia
The energy industry has a reputation for being slow to support new technologies, but one exception to this generalisation is the rise of autonomous offshore vehicles.
Blue Ocean Seismic Services (BOSS) has won £10 million of backing from a range of companies including BP Ventures, Woodside Energy and Blue Ocean Monitoring.
Bosses at MODS are planning a recruitment drive after selling a 40% stake in the family-owned energy software business to a Japanese engineering firm for £7.3 million.
Oilex has said it will continue to “review business opportunities” in high potential areas despite taking a financial hit due to the Covid-19 pandemic.
Warrego Energy has signed a binding Gas Sales Agreement (GSA) with one of Western Australia’s leading gas buyers, Alcoa of Australia, for the long term supply of a total of 155 petajoules (PJ) of natural gas from the West Erregulla gas field.
An Aberdeen-based duo have claimed their Australian venture is “on the cusp” of becoming a major, international onshore, conventional gas exploration and production company.
A BP worker who was sacked for mocking management using a meme of Hitler has won a compensation claim for nearly £110,000.
Aberdeen’s EnerMech has secured a contract to provide mechanical, electrical and instrumentation (ME&I) services on the next stage of WestConnex, Australia’s largest road infrastructure project.
Pandemic-driven lockdowns have taken their toll on small companies in every sector, while larger companies can take a longer view on matters, including in the LNG sector.
Helicopter operators Bristow Group and Era have finalised their merger.
Australia is seeking to cut emissions in one of the world’s biggest per-capita polluters by encouraging oil firms including Chevron Corp. and Woodside Petroleum Ltd. to invest in carbon-reduction projects.
The upstream supply chain “faces the very real threat of collapse”, a new report from Wood Mackenzie has warned, setting the industry on the path of another crisis as demand recovers.
More assets are expected to hit the market across Asia Pacific this year following the sustained drop in global oil prices and the COVID-19 pandemic, which has destroyed energy demand growth as economic activity contracts.
Despite a recently announced planned capital raising, Australian-listed Oil Search, which has major stakes in Papua New Guinea’s emerging LNG sector, is a prime takeover target, as mergers become more likely in a low oil price world.
Woodside Petroleum has slashed its spending this year by 50%, to around $2.4 billion, but Senegal’s Sangomar development should progress as planned.
Equinor ASA has dropped plans for oil drilling deep in the ocean off Australia’s south coast following a sustained campaign from environmentalists who said the project posed too big a risk to the vast and unique marine ecosystem.
ExxonMobil’s PNG LNG expansion project risks being delayed several years after the government of Papua New Guinea rejected the US major’s proposed terms for the P’nyang field development.
Energy service firm Worley said today that its chief executive, Andrew Wood, will retire later this month after 26 years with the firm, including seven at the helm.
Energy services giant Wood has secured a £100 million, three-year contract extension to provide maintenance on Melbourne's water infrastructure.
Well engineering firm Zenith Energy is expecting an even better year ahead after UK office turnover soared by 80% during 2019.
Australian LNG exports will rise to 81 million tonnes in 2019-20, according to the country’s new Resources and Energy Quarterly (REQ), although the value of these will decline.
U.S. energy giant Chevron will buy Australia's Puma Energy for about $292 million to provide more fuel distribution support in the Asia-Pacific region.
Southeast Asia and Australia are set to take centre stage in the region’s upstream M&A activity as private equity companies sense a value opportunity.
Aberdeen’s energy sector has been urged to invest in Western Australia as the country’s largest producer of natural gas embarks on a mammoth £20bn project.