The New South Wales Government will not appeal the Supreme Court’s decision that overturned the suspension of Metgasco’s petroleum exploration licence at the Rosella site in northern NSW.

Horizon Oil’s Maari MR7A oil development well, located in PMP 38160 in the offshore Taranaki Basin, New Zealand, has been brought online, with a provisional initial production rate of 1,500–2,000 BBl/d of oil.

Buru Energy’s Olympic-1 conventional oil well, located south-east of Broome in EP 473, Western Australia, has spud, marking the commencement of the company’s 2015 exploration drilling program.

Cooper Energy has completed its acquisition of a 50 per cent interest in the Sole gas field and Orbost Gas Plant in Victoria, with the project entering front-end engineering and design (FEED).

Analysts tip delays for Ichthys start up

Energy analysts at Wood Mackenzie have flagged potential delays for the INPEX-operated Ichthys LNG Project on the back of problems at the South Korean shipyard building the project’s offshore module.

Company news: Oil, Gas and Energy Resources Growth Centre, IWCF

Oil and gas industry executive Ken Fitzpatrick has been appointed as the Chair of the Federal Government’s new Oil, Gas and Energy Resources Growth Centre.

The Queensland Resources Council has said the sector is ready to partner with the Queensland Government to help boost the economy in light of poor outlook figures released by Treasurer Curtis Pitt.

The Surat North Project, which covers the next stage of development of the gas fields under the QCLNG Project, is seeking expressions of interest for early contractor involvement (ECI).

Chevron has released its latest video update on its Gorgon and Wheatstone projects in Western Australia, with construction on both surging ahead.

BG Group commences QCLNG operations

Operational control of the Queensland Curtis LNG (QCLNG) Project Train 1 has been formally transferred to BG Group subsidiary, QGC, from construction contractor Bechtel Australia.

Beach eyeing Real offer

Beach Energy is reported to be considering a takeover offer for Cooper Basin company Real Energy.

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PPO Annual 2014, the comprehensive guide to Australia’s petroleum industry, is a compendium of all key Australasian proposed, under construction and commissioned pipelines and oil, gas and LNG projects.


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