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Strike Energy’s Davenport-1 unconventional well has reached a total depth of 2,102 metres and that wireline logging and sidewall coring has been completed. Preliminary log data indicated Davenport-1 had intersected thick shales and coals in the Toolachee Formation as well as the Roseneath...
A report by KPMG has said that shale gas sector faces many hurdles in Australia before it can be commercially viable. In a report, KPMG said that significant production of shale gas is a decade away in Australia. The country will face challenges especially in terms of cost of extraction, which is three...
Tokyo Electric Power Co along with three other Japanese may buy into Chevron’s Wheatstone natural gas project in Australia, media reports said. Along Mitsubishi Corp., Nippon Yusen KK and Japan Oil, Gas and Metals National Corp., TEPCO now plans to acquire a 10 percent interest in the development...
Development of unconventional gas reserves in Australia is likely to follow the US model with a supply glut pushing gas prices back down towards the end of the decade, said Santos managing director David Knox. Sydney Morning Herald reported Knox as saying that the new drilling rigs that would tap shale...
ConocoPhillips said it’s interested in further shale investments in Australia following a partnership last year with Perth-based New Standard Energy, Bloomberg reports. “We’re chasing a bunch of stuff,” Todd Creeger, president of Conoco’s Australian unit told Bloomberg.
Beach Energy has closed a data room for parties eyeing its shale gas assets in central Australia and doesn't expect to attract a partner until it proves up more gas, Dow Jones Newswire reported chairman Bob Kennedy as saying. Adelaide based Beach holds huge reserves of shale gas in the Cooper Basin...
The New South Wales government is determined to develop the state's coal seam gas industry to address a looming shortfall in gas supply, Sydney Morning Herald reported citing energy minister Chris Hartcher. The minister said that the state needs to develop its own coal seam gas reserves to overcome...
Senex Energy Limited has commenced hydraulic fracture stimulation at the Sasanof-1 unconventional gas exploration well in the southern Cooper Basin permit PEL 516. Perforation of the first zone is underway, and the injection test will commence this afternoon. Senex will perform a multi zone stimulation...
Origin Energy may be willing to sell further equity in Australia Pacific LNG project to finance for expansion. Chief executive Grant King told Dow Jones Newswires on the sidelines of a conference in Adelaide that Origin would contemplate some further dilution over the current 37.5 per cent interest...
Total SA has said Australia may eventually produce as much as 100 million tons of liquefied natural gas a year, Bloomberg reported. “That’s a tremendous increase compared with existing production,” Chief Executive Officer Christophe de Margerie was quoted by Bloomberg as saying. The...