Industry Headlines News for Austral-Asia


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Beach Energy Buys Origin's Lattice in $1.25 Billion Deal
Thursday, September 28, 2017 The agreement will boost Beach's proved and probable reserves by 200 percent.

Association: Indonesia's Changes To Oil, Gas Deals 'Positive' For Investors
Tuesday, September 05, 2017 Indonesia's revisions to new oil and gas production-sharing contracts are positive for investors, the leading energy industry association says.

Western Australia Halts Hydraulic Fracturing, To Probe Risks
Tuesday, September 05, 2017 Western Australia state will ban onshore hydraulic fracturing while it looks into the risks associated with the drilling technique, its environment minister says.

HOW COOL IS THAT!: Geologist, Author, Global Marathoner
Thursday, August 17, 2017 Australian wellsite geologist Amanda Barlow provides glimpse of offshore life to 'laypeople.'

Philippines Weighs China Energy Deal in Disputed South China Sea
Tuesday, August 15, 2017 The Philippines is considering potential ways to jointly develop oil and gas resources with China in a disputed part of the South China Sea, according to Foreign Affairs Secretary Alan Peter Cayetano.

ExxonMobil Says Will Drop Discussions Over Indonesia's East Natuna
Tuesday, July 18, 2017 Difficulties with the field, first discovered in the 1970s, have included contract disputes and remoteness.

New MAS LNG Contract Will Allow for Creation of New Australian Jobs
Tuesday, July 04, 2017 AusGroup Limited subsidiary MAS Australasia Pty Ltd enters into an agreement with Clough Projects International for the supply of rope access trade services on an INPEX-operated LNG project.

TRACE Secures INPEX Deal, Creates Jobs
Friday, June 23, 2017 TRACE has been awarded a 6-year contract by INPEX for maintenance services to support the operation of the Ichthys LNG onshore facilities in Darwin.

Australian Government Looks to Avert Gas Crisis
Friday, May 19, 2017 Australian Federal Resources Minister Matt Canavan was at pains to emphasize that the controversial 'Domestic Gas Security Mechanism' would only be triggered as a last resort.

Australian Govt 'Encouraged' By Steps To Avert Gas Crunch
Wednesday, April 19, 2017 The Australian government said it was "encouraged" on steps taken to avert a gas crisis after meeting on Wednesday with producers and the energy market operator.

BHP Rejects Elliott's Overhaul Proposals As Flawed, Costly
Wednesday, April 12, 2017 BHP Billiton says a minor shareholder's proposal to overhaul its corporate structure and spin off its US oil division was flawed.

Armed With $11 Billion, Thai Oil Giants Hunt for Investments
Monday, March 20, 2017 The Asian energy companies sitting on the largest hoard of cash outside China are ready to put it to use.

Over 800 Workers Demobilized From Ichthys LNG Tanks Project
Wednesday, March 15, 2017 Laing O'Rourke Australia Construction has demobilized approximately 800 of its people from the Ichthys LNG Tanks Project in Darwin.

Macquarie To Buy Cargill's Global Oil Business
Monday, March 06, 2017 Australian bank Macquarie Group Ltd is planning on buying Cargill Inc's global oil business, according to people familiar with the matter.

Japan's Inpex Sticks To Australia Ichthys LNG Output Target
Friday, February 10, 2017 Inpex Corp is sticking to its plans to start up its huge Australian Ichthys liquefied natural gas (LNG) export plant in July-September this year, despite trouble over the completion of a power station.

Australia's Ichthys LNG Dealt Blow As Major Contractor Pulls Plug
Wednesday, January 25, 2017 Australia's over $35 billion Ichthys liquefied natural gas (LNG) export project has been dealt a blow as engineering firm CIMIC pulls the plug.

Australia, East Timor Aim To Agree Maritime Border By Sept
Tuesday, January 24, 2017 Australia and East Timor aim to reach an agreement on a maritime border by the end of September, which would end a decade-old row between the 2 nations that has stalled a $40 billion gas project.

Shale Revolution That Shocked US Markets Heads to Japan
Friday, December 09, 2016 The US shale revolution that turned North American energy markets upside down is finally headed to the world's largest consumer of LNG: Japan.

Minister Plays Down Landowner Threats To PNG LNG Operations
Tuesday, December 06, 2016 Papua New Guinea's petroleum minister on Tuesday played down threats of disruptions to ExxonMobil's $19 billion PNG LNG project due to landowners being unable to buy a stake in the project by the end of this year.

Australia Takes Aim At Oil And Gas Industry In Tax Review
Wednesday, November 30, 2016 Australia is targeting the oil and gas industry for a tax review ahead of next year's budget, in a push to boost revenue after a sharp slump over the past 3 years and collect more from multinational giants.

Australia Watchdog Says North West Shelf Gas Venture Underpaying Royalties
Monday, November 28, 2016 The North West Shelf joint venture cut royalties it owed by claiming more than $3.7 billion in deductions, some of which weren't valid, a government watchdog says.

IEA Expects Oil Investment To Fall For Third Year In 2017
Thursday, November 24, 2016 Investment in new oil production is likely to fall for a third year in 2017 as a global supply glut persists.

Japan Passes Law To Allow JOGMEC To Invest In Foreign Oil, Gas Firms
Friday, November 11, 2016 Japan's parliament passes a bill to allow state-run JOGMEC to participate in purchases of foreign oil and gas companies by Japanese firms or buy into foreign state-owned oil companies on its own.