Real Energy said it has recommenced field operations in the Cooper Basin.
Terra Nova Energy has engaged Senex Energy to drill the Baikal #1 well onshore Australia.
Beach Energy has agreed to buy Drillsearch creating an $842.7million energy company in Australia. The move comes amid a decline in oil prices and will create what could be the region’s biggest onshore oil producer and natural-gas supplier. Drillsearch has been valued at about $384million in the deal which its chairman says will help provide growth in the challenging market.
Real Energy said a director has resigned from his position with the company. Michael Mager will leave his role with the Australian firm with immediate effect. Earlier this week AWE Limited announced its chief executive would be stepping down from his role.
Beach Energy has bought a 40% operating interest in the highly prospective oil producing ATP 1056 permit in Queensland, Australia from AGL Cooper Basin, a subsidiary of AGL Energy, for $850,000.
Sundance Energy Australia has completed the acquisition of New Standard Energy’s US and Cooper Basin assets, which include producing oil and gas wells in a $15million deal.
Cooper Energy Limited said the Sensation-1 exploration well has been plugged and abandoned. The oil exploration well in the Cooper Basin had reached a total depth of 1,937 metres in the Merrimelia formation.
An Australian energy company has announced the discovery of oil in a well in the south of the country.
Strike Energy has suspended operations at the Southern Copper Basin Gas Project. The firm temporarily shut down work on two of its wells as localised flooding hit the area.