Bumi Armada intends to take legal action against Woodside Energy after Woodside terminated a floating production storage and offloading (FPSO) charter contract for operations offshore northwestern Australia. The Armada Claire鈥
Australia and New Zealand hold vast petroleum potential, much of which remains undeveloped. Audrey Raj sets out the detail. Samples of oil from various New Zealand discoveries. Photo from TAG Oil鈥
US supermajor Chevron announced in its Q3 results that it expects to make further workforce reductions in the realm of 6000-7000 in an effort to cut costs. The company鈥檚 earnings this quarter were better than anticipated, according to analysts Simmons & Co鈥
In a battle between the Australian Tax Office (ATO) and Chevron in the Australia federal court, the US supermajor lost and will have to pay more than US$232 million (A$322 million) in back taxes, in addition to fines. Wheatstone鈥
Chevron鈥檚 results for 2Q 2015 show the company in a drastic drop of nearly 90% compared to last year, from substantial impairments that have lead the company to implement multiple efforts to improve future earnings and cash flows. Image鈥
After postponing a final investment decision due to the low oil prices last December, Australian operator Woodside Petroleum has announced it will press forward into the FEED phase for its long-struggling Browse LNG mega project. The鈥
Denise Smiles, of Optical Metrology Services Ltd (OMS), discusses how to correct internal HiLo misalignment between butted pipes. OMS鈥 automatic pipe end dimensioning tool. Images from OMS. Deepwater鈥
Apache agreed to sell its Australian subsidiary Apache Energy Ltd. to a consortium of private equity funds managed by Macquarie Capital Group Ltd. and Brookfield Asset Management Inc. for cash payment of $2.1 billion. With the sale, the company鈥
2015 may well be remembered as the year when natural gas truly announced itself as the major energy fuel source. With the announcement that Shell is targeting a US$70 billion deal for BG Group, and in doing so increasing their current LNG capacity to around 33 million tons per annum鈥
Woodside made a gas discovery at its Pyxis-1 exploration well in production license WA-34-L, offshore Western Australia. Map of WA-34-L. From Woodside. The well intersected approximately 18鈥
Chris Sparrow shows how using inflatable buoyancy for pipelaying operations could result in shallow-water savings. Inflatable buoyancy units during deployment on Wheatstone. Photo from Allseas鈥
Woodside Petroleum's proposed acquisition of Houston-based Apache's interests in the Wheatstone, Balnaves and Kitimat projects are moving forward after the Australian Competition and Consumer Commission (ACCC) announced that it will not oppose the deal鈥
Ennsub completed the design, manufacture, testing and installation of bespoke sealing systems for the Wheatstone liquefied natural gas (LNG) platform off Australia. The company designed two different systems to provide an external and internal sealing system for 64-off 8 in鈥
Perth, Australia, based explorer Tap Oil has been awarded 100% of Blocks W14-7 and W14-16 in the Barrow and Dampier sub-basins on Australia's North West Shelf. The blocks were awarded as part of Australia's Work Program Round 1, which鈥
Angus Rodger and Matt Howell discuss the exploration environment as well as the potential impact from the recent fall in oil prices on Australian and New Zealand projects. Graphs from Wood Mackenzie. Australia鈥
