Santos and New Century Resources have signed a long-term Gas Supply Agreement (GSA) for the supply of gas directly to Mt. Isa power generation facilities.

PPO News provides you with a wrap of this week’s company news and movements in the Australian oil and gas industry.

Strike Energy has spudded the vertical intercept well as part of its Jaws-1 appraisal campaign for the Southern Cooper Basin Gas Project (SCBGP) in PEL 96 in South Australia.

Kumul Petroleum Holdings Limited (KPHL) has signed a binding Heads of Agreement (HoA) with Total for the joint marketing and sale of their shares of LNG and condensates to be produced from the Papua LNG Project.

NEG consultation paper released


The Federal Government has welcomed the Energy Security Board’s release of its consultation paper on the National Energy Guarantee (NEG).

Origin looks at positives despite loss


Origin Energy has revealed a statutory loss of $207 million in its half year FY18 report, driven by impairment charges after tax of $533 million.

The Review of Australia’s Energy Policies by the International Energy Agency (IEA) has found the National Electricity Market (NEM) is “world leading” while also identifying a number of key challenges facing Australia’s energy markets.

Following yesterday’s announcement of a $2.5 billion fundraising scheme for a majority stake in the Scarborough gas field, Woodside is looking to expand its LNG presence.

Federal Minister for Resources and Northern Australia, Matt Cananvan, explores Australia's rich gas history, and why the association must continue.

Valmec reveals strong half year results


Valmec recorded sales revenues of $49.8 million for the first half of FY18, coming off the back of a significant ramp up in construction activity.

Woodside gunning for Scarborough stake


Woodside Energy has said it will raise $2.5 billion to fund the purchase of ExxonMobil’s stake in the Scarborough gas field, offshore Western Australia.

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