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. Source: News
Papua LNG group signs MOU with Papua New Guinea
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. Source: News
Ichthys production elevates Australia to world’s top LNG exporter
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. Source: News
Brazos Midstream, Williams form Permian basin combine
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. Source: News
Agar oil find prompts Azinor Catalyst to drill sidetrack well
Prompted by successful exploration and appraisal wells drilled in the Agar-Plantain area in the UK North Sea, Azinor Catalyst Ltd. recently drilled an associated sidetrack well. Source: News
Anadarko to allocate 70% of 2019 capex to US onshore
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. Source: News
MARKET WATCH: NYMEX settles under $57/bbl, Brent under $67/bbl
Light, sweet crude oil prices settled under $60/bbl for the fourth consecutive day on the New York market Nov. 15 while Brent settled under $70/bbl for a third consecutive day. The US Energy Information Administration said US crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 10.3 million bbl for the week ended Nov. […]
Santos, Shell combine named preferred tenderer of Queensland gas permit
Santos, in joint venture with Shell Australia, has been appointed preferred tenderer to explore a new permit in southeast Queensland’s Surat and Bowen basins. The permit, PLR201718-2-5, covers 400 sq km and lies 19 km east of Surat. It was released by the Queensland government specifically to boost local gas supply on Australia’s east coast. […]
Talos lets services contract for Zama field development
Talos Energy Inc. has let a concept and engineering services contract to McDermott International Inc. for a development project in Zama field—the first offshore Mexico block awarded to a private operator. The contract award is for engineering services, including concept selection and follow-on pre-FEED. Source: News
Energy Sec. Perry urges more European countries to diversify gas suppliers
US Energy Sec. Rick Perry congratulated the Czech Republic on breaking free of its dependence on the Russian Federation for natural gas in the 1990s and called on other European nations to similarly diversify their suppliers now. “The dangers of excessive dependence were highlighted in 2006, 2009, and 2014…[when] Russia cut off gas supplies to […]