Oilex has been granted an exploration permit in Western Australia. The WA Department of Mines and Petroleum (DMP) approved the firm's application to convert its Special Prospecting Authority (SPA 17 AO) application to an exploration permit.
BG Group has agreed to sell its Australian pipeline business for $5billion to the APA Group. The subsidiary, QCLNG Pipeline, owns a 543 kilometre underground pipeline network which links BG group’s natural gas field in southern Queensland to a two-train export facility. It was constructed between 2011 and 2014 and has a value of $1.6billion.
Empire Oil and Gas has signed a Letter of Intent (LOI) with drilling contractor Enerdrill. The agreement is for the upcoming planned three-well programme at the onshore Perth Basin. The company said one of these is planned to be within Permit 389, which hosts Empire’s Red Gully Gas and Condensate project.
Rey Resource has entered in to an agreement with Backreef Oil for a 50% stake in a licence in the Canning Basin of Western Australia. The deal, which would be worth $1.7million, is for a large exploration area in the Derby Block. A licence for the area was recently given to both Backreef Oil and to Oil Basins who each had a 50% stake.
The North West Shelf (NWS) operator Woodside Petroleum and its partners have approved the $1.2billion Persephone project. It is the third major gas development for the NWS project, which is off the north-west coast of Australia. The project will involve a two well, 7km subsea tieback from the Persephone field to the existing North Rankin complex.
The second stage of South Australia's largest wind farm was officially launched yesterday, ahead of time and under budget.