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Australasia

Oil and Gas Australasia

The Ichthys Explorer central processing facility

Inpex, Total secure more gas for Ichthys exports

"This acquisition is also supported by the efforts undertaken with Inpex in the Bonaparte CCS Assessment joint venture to appraise the area’s potential for geological storage of CO2, in order to abate CO2 emissions from the Ichthys LNG project.”

Kevin Gallagher, CEO of Santos, speaks to delegates at the APPEA conference 2022 in Brisbane, Australia.

Australia’s Santos reports $2.5bn profit surge from higher oil and gas prices

Santos (ASX:STO) today announced its full-year results for 2022, reporting record free cash flow of US$3.6 billion and underlying profit jumping 160% to US$2.5 billion. The results reflect significantly higher oil and LNG prices compared to 2021, due to stronger global energy demand, combined with a higher interest in PNG LNG following its merger with Oil Search.

All Australasia Posts

Oil & Gas

Oil spill offshore Western Australia at Jadestone’s Montara field, share price dives

UK-listed Jadestone Energy has reported an oil spill offshore Western Australia at the Montara oilfield when oil was being transferred between two crude tanks onboard the Montara Venture FPSO. Oil was observed on the surface of the sea and the field has now been shut down after a hole was identified in the bottom of the tank of the floating production storage and offloading (FPSO) unit.

Asia

South Korea court rejects case against Barossa pipeline financing

A South Korean court has rejected an application from a group of indigenous Australians to block South Korean export credit agencies from funding a deep-water pipeline for the Santos-led (ASX:STO) Barossa gas and liquefied natural gas (LNG) project off northern Australia.

Oil & Gas

Carnarvon cheers Pavo resource estimate near Dorado

Australia’s Carnarvon Energy (ASX:CVN) reported that the recent Pavo-1 exploration well drilled offshore Australia proved up a “substantial volume of light oil in excellent quality reservoirs” and “significantly increases Carnarvon’s oil resources for potential development through the Dorado facilities.”

Oil & Gas

Ichthys legal spat settled says KBR

KBR said it expects to receive a total of $271 million under a tentative settlement with a consortium that included GE and Australian construction giant CIMIC Group in a contract dispute over work at the Inpex-operated Ichthys project in Australia.

Oil & Gas

EnerMech wins five-year deal for Inpex Ichthys LNG

Global integrated solutions specialist EnerMech has been awarded a five-year onshore and offshore inspection services, lifting equipment and crane maintenance contract by Japan’s Inpex at its Ichthys liquefied natural gas (LNG) export project in northern Australia.

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