GPS News  
OIL AND GAS
Surveys set for Australian offshore gas field
by Daniel J. Graeber
Washington (UPI) Jun 13, 2018

A geophysical survey company said Wednesday it was supporting data collection to help Woodside Petroleum develop its Scarborough field offshore Australia.

Ocean Energy said it was awarded a contract by Woodside to provide data on the deepwater field off the Burrup Peninsula in Western Australia. The company said it would use autonomous underwater vehicles to scan areas in support of Woodside's field development plans.

"We have worked closely with Woodside in developing a robust solution which meets their demand for high quality data delivered in a time critical, innovative and cost-effective way," Ocean Infinity CEO Oliver Plunkett said in a statement emailed to UPI.

Terms of the contract weren't disclosed. Woodside had no comment on the agreement.

Woodside was cleared to take on Exxon Mobil's 50 percent interest in the Scarborough gas field in March after rival BHP Billiton cleared the way after waiving its right to pre-emption on the deal. As a result, Woodside increased its stake in Scarborough to 75 percent.

The Australian energy giant is now the operator of the gas field. In return, BHP has the option to buy into the Scarborough development on terms similar to those reached with Exxon.

Net reserves in the Scarborough area, which consists of three natural gas fields, are more than 9 trillion cubic feet of dry gas. Upon completion of the acquisition, Woodside estimated its net share of resources more than doubled.

Woodside reported a net profit after tax of nearly $80 million, an 18 percent improvement over 2017.

Ocean Infinity said its surveys would begin later this month.


Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


OIL AND GAS
Equinor sees break-evens slashed for Johan Castberg
Washington (UPI) Jun 12, 2018
Norwegian energy company Equinor said Tuesday its Johan Castberg field could be profitable so long as the price of oil is about $35 per barrel. The Norwegian Parliament approved the company's plans for development of the Barents Sea field on Monday and it awaits formal approval from the Norwegian Ministry of Petroleum and Energy. Oil was first discovered at Johan Castberg in 2011. Its future was in doubt when the price of crude oil collapsed and Equinor was envisioning a break-even cost ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
On the origins of agriculture, researchers uncover new clues

Dogs can detect agricultural diseases early

Five things to know about the Bayer-Monsanto megadeal

French beekeepers accuse Bayer after glyphosate found in honey

OIL AND GAS
Building nanomaterials for next-generation computing

Novel insulators with conducting edges

Toshiba completes $21 bn sale of chip unit

Time crystals may hold secret to coherence in quantum computing

OIL AND GAS
Lockheed awarded $735.7M for F-35 production support

US fighter jet crashes off Japan coast

Northrop wins more than $81.2M for Hawkeye services

US grounds B-1 bombers over safety concerns

OIL AND GAS
MIT study helps driverless cars change lanes more like humans do

Self-driving cars must reduce traffic fatalities by at least 75 percent to stay on the roads

Fleet of autonomous boats could service cities to reduce road traffic

Germany orders recall of 60,000 Audis over emissions

OIL AND GAS
US launches another trade case against China

Malaysia PM urges TPP 'renegotiation'

London hopes for bright tech future despite Brexit

US, China reach $1.4 bn ZTE deal as signs emerge of trade talks progres

OIL AND GAS
'Shocking' die-off of Africa's oldest baobabs

New research finds tall and older Amazonian forests more resistant to droughts

Zangbeto: voodoo saviour of Benin's mangroves

New technique reveals details of forest fire recovery

OIL AND GAS
Wind satellite shows off

20 Years of Earth Data Now at Your Fingertips

NASA Soil Moisture Data Advances Global Crop Forecasts

New algorithm fuses quality and quantity in satellite imagery

OIL AND GAS
A new way to measure energy in microscopic machines

AI-based method could speed development of specialized nanoparticles

Researchers use magnets to move tiny DNA-based nano-devices

Atomically thin nanowires convert heat to electricity more efficiently









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.