Santos inks GSA with New Century

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.

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.

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.

Woodside signals LNG expansion

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.

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.

The Pukatea-1 exploration well located in PEP 51135 in New Zealand’s Taranaki Basin, has encountered an oil play in the secondary Mt. Messenger target.

South Korea’s state-run KOGAS has entered court-administered arbitration talks with the NWS LNG Joint Venture over an LNG contract that expired in 2016.

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