Energy firm Parkmead Group (LON: PMG) has given up on a North Sea project containing some 55 million barrels of recoverable oil equivalent (MMBoe).
Australia’s Beach Energy (ASX:BPT) has significantly cut estimated gas reserves at its LNG export project near Perth, Western Australia, by 11% following the Waitsia Stage 2 drilling campaign. BP (LON:BP) has an agreement to offtake the liquefied natural gas (LNG) volumes, which could be in doubt if the geology does not stack up as expected.
Investment decisions could be on the way for Perth, Bentley and Bressay in the North Sea, alongside West of Shetland giants.
A much-anticipated business event linking key global hubs in Scotland and Australia will return to Aberdeen for the fifth time next week.
McDermott International has been awarded a pre-front-end engineering design (Pre-FEED) contract from Woodside Energy (ASX:WDS) for the proposed H2Perth project in Western Australia.
Australian junior Norwest Energy (ASX:NEW) recently announced a large gas discovery in the onshore Perth basin in Australia. The news bolsters recent analysis from consultancy Rystad Energy that suggests conditions are ripe for a significant development opportunity, with the basin potentially emerging as a key source of gas supply in Western Australia.
Aberdeen-headquartered EnerMech has been awarded a five-year contract extension with Chevron for oil and gas facilities in Western Australia.
More than a dozen UK North Sea projects are facing deferral in light of the oil price drop, an analyst has predicted.
Australia-based Spark Exploration is aiming to find partners in the first half of this year for its West of Shetland licences, which potentially contain north of a billion barrels of oil.
Trac Oil and Gas’ boss believes the time is right to revisit the firm’s international expansion plans after getting off to a false start several years ago.
Exploring business links between key energy hubs in Scotland and Australia will be the focus of a business event taking place in Aberdeen next week.
A Perth-based extended reach drilling company has moved to an employee ownership model as it looks to drive growth and take advantage of an improving oil and gas market.
Parkmead has continued its North Sea acquisition campaign, increasing its stake in a major North Sea oil project.
Total has signed a memorandum of understanding with Korea Gas Corporation (KOGAS) during the LNG 18 conference in Perth, Australia.
Wood Group has won a new contract to carry out front end engineering and design (FEED) work for the proposed Woodside Browse Floating Liquefied Natural Gas (FLNG) development. The 12 month contract for the project offshore Western Australia, is worth $6million and will be carried out by Wood Group Kenny (WGK). The company will perform all design engineering for the insulated production flowline system required for the assets offshore gas-condensate fields from their offices in Perth. The three assets – Brecknock, Calliance and Torosa – are 300km from the Kimberley coast.