WA Local Government Association

Billions more to be spent

Capital expenditure (capex) into Oceania’s conventional gas and coal bed methane (CBM) projects would add up to $48.6 billion and $4.6 billion respectively over the eight-year period. Conventional
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Mereenie gets to go ahead

The JV reached the agreement after receiving approval from the Australian Competition and Consumer Commission (ACCC) for joint marketing arrangements. The JV agreed and signed Authorities for Expenditure
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Woodside becomes Scarborough operator

Under the agreement, Woodside will become the operator on completion of Woodside’s purchase of ExxonMobil’s 50 per cent interest in the field. Furthermore, the agreement also outlines that: BHP
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Joint marketing approved at Mereenie

The ACCC released a draft determination for a joint marketing arrangement on Friday last week for the Mereenie oil and gas field in the Amadeus Basin in the Northern Territory. In order to allow the development
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Santos invests big in Queensland

As well as upstream developments around the Fairview, Scotia and Arcadia fields, this investment includes the first year of funding for the new $750 million Roma East project which will be developed over
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PNG expansion on the cards

The meetings all but confirm that ExxonMobil’s PNG LNG Project and Total’s proposed Papua LNG Project will collaborate, with Oil Search holding significant stakes in each project and acting
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Future Fuels secures funding

The combined investment from the Commonwealth, Australia’s Energy Industry and Universities (cash and in-kind support) will total more than $90 million over the life of the program. The Future Fuels
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AWE farms out NZ permit

The permit is located southeast of New Plymouth in a prolific gas producing region, and includes the planned Kohatukai-1 well. The well is scheduled to be drilled in Q4 2018 to test the dual objectives
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