Industry News

Credit:  Angela Macdonald-Smith

Entrepreneurs who have made billions on US shale and Queensland Coal seam gas are betting that the remote and little known Beetaloo Basin in the Northern Territory will be Australia's answer to the US unconventional gas phenomenon.

American Energy Partners (AEP), headed by US shale pioneer Aubrey McClendon, and multibillion-dollar Texas-based private equity investor Energy & Minerals Group (EMG), are among those that have been lured to the Beetaloo within recent months by huge estimates for resources as well as pipelines and LNG plants that can deliver gas to buyers.

That combination of favourable geology and multiple routes to customers, including the huge international LNG market as well as local mines and customers in southeast Australia, makes the opportunity in the Beetaloo area unique, players say.

Read more: http://www.theage.com.au/business/energy/gas-entrepreneurs-bet-on-beetaloo-basin-as-australias-answer-to-us-shale-20151231-glxgwy.html#ixzz3x4uHLuFK 

Kevin Gallagher will start his rescue mission as CEO at Santos on February 1 fully expecting the low oil prices that have pushed its share price down nearly 70% in 12 months will persist for years to come – and will change the culture if needs be to turn the company around.

Full ENB News article here

Wood Group has secured a new, multi-year contract with oil and gas company ConocoPhillips in Australia.

The oil services group's PSN division will deliver brownfield engineering services to the Bayu-Undan field located south west of Timor-Leste and the Darwin liquefied natural gas plant at Wickham point in Darwin.

See more details on Share Cast here.

In light of Jemena's recent news and appointment as operator for the NEGI pipeline, they have confirmed their support to the NT oil and gas industry becoming a Foundation partner with Petroleum Club NT.

This commitment contributes to PCNT's vision to continue to provide a platform to initiate and sustain business to business relationships and career opportunities  across the sector. 

Jemena will construct and operate the North East Gas Interconnector (NEGI) Pipeline to connect NT gas to eastern gas markets. The pipeline will cost $800 million to construct and will run for 622 kilometres between Tennant Creek in the Northern Territory and Mount Isa in Queensland.

"Earlier this year Transfield Services was presented with a once-in-a-generation opportunity to rebrand.

As part of the journey, we have developed a brand and story aligned to our business and that supports our ongoing development as we grow.

We have a long, rich and diverse heritage. We are moving forward with anew name and logo that represents the diversity of our people, solutions, services, capabilities, sectors, technologies and clients - it is this diversity that underpins our strength.

While our values, culture and legacy remain the same, we are excited to present our new company name - BROADSPECTRUM - and our re-energised story."

Graeme Hunt - Managing Director and CEO.

www.broadspectrum.com

McConnell Dowell has been awarded the coveted construction contract for the North East Gas Interconnector (NEGI) while Jemena will be the project’s lead operator.

The NEGI will be a 623 km pipeline that will link Tennant Creek in the Northern Territory (NT) to Mt Isa in Queensland, opening up supply lines between NT and the east coast gas market. The final project is valued at approximately AU$800 million.

Further information as As reported by Gas Today here.

Monadelphous Group today announced it has been awarded a major long term maintenance and modifications services contract associated with Shell Australia’s Prelude Floating Liquefied Natural Gas (FLNG) project.

The contract, with an estimated value of more than $200 million is located in the Browse Basin, approximately 475 kilometres north-northeast of Broome, in Western Australia. Monadelphous will provide maintenance, brownfield modifications and turnaround services to the LNG process plant, support utilities, hull and non-process infrastructure including accommodation and control rooms.

The contract also includes the delivery of fabrication services from Darwin in support of offshore operations.

Shell Prelude Floating LNG Asset Manager, Jim Marshall (left) and Monadelphous Chairman Jon Rubino. Photo credit: Raw Image

An interesting article discussing the dramatic greenhouse gas reductions in the US...   http://energyindepth.org/national/sierra-club-admits-fracking-has-helped-lower-co2-emissions-2/

INPEX CORPORATION (INPEX) have announced the INPEX-operated Ichthys LNG Project safely completed the offshore pipelay for its 890-kilometer, 42-inch diameter gas export pipeline that began in June 2014. It is the longest subsea pipeline in the southern hemisphere and the third longest subsea pipeline in the world.

The gas export pipeline will deliver gas from the Ichthys Gas-condensate Field to the onshore facilities at Bladin Point near Darwin for processing. “Completion of the offshore pipelay marks a significant milestone for the project,” Managing Director Ichthys Project Louis Bon said.

Monadelphous Group Limited has announced it has been awarded new contracts and contract extensions for customers in the resources and energy markets with a combined value of approximately $150 million. The latest agreements take the value of new contracts and additional work secured since July to approximately $600 million. Details can be found at:  https://www.monadelphous.com.au/news/2015/11/monadelphous-contracts-update/