Oil and Gas Journal's News & Analysis
Fri, 16 Nov 2018 21:30:00 GMT
Oil production from Thai company PTTEP’s Montara field in the Timor Sea has been halted following several potentially injurious safety incidents and cannot resume until cleared by Australia’s offshore safety regulator, the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA).
Fri, 16 Nov 2018 17:18:00 GMT
Santos Ltd., Adelaide, has been cleared by the Australian Competition and Consumer Commission (ACCC) for its proposed acquisition of Quadrant Energy Ltd., Perth. The $2.15-billion deal announced at the end of August is now expected to reach completion in a matter of weeks.
Fri, 16 Nov 2018 17:06:00 GMT
The Papua LNG joint venture partners led by Total SA have signed a memorandum of understanding with the government of Papua New Guinea for development of the Elk-Antelope gas-condensate fields, known as the Papua LNG Project.
Fri, 16 Nov 2018 16:46:00 GMT
Japanese Prime Minister Shinzo Abe has officially opened the Inpex group’s $40-billion Ichthys LNG project at a ceremony in Darwin, a symbolic milestone that also propels Australia to the top of the list of the world’s LNG exporters, according to Adelaide-based energy economics group EnergyQuest.
Fri, 16 Nov 2018 16:35:00 GMT
Brazos Midstream, with an 85% interest, will operate a newly formed joint venture in the Delaware basin with Williams Cos. Inc. Under terms of the agreement, Williams will contribute its existing Delaware basin assets to the partnership in exchange for a 15% minority position.
Fri, 16 Nov 2018 16:07:00 GMT
Anadarko Petroleum Corp. will invest 70% of its 2019 capital expenditures budget on the US onshore, where it expects to operate an average of 15 rigs and 10 completion crews focused mainly on development in the Delaware and DJ basins.