Pipelines

APA to raise $500 million


APA Group has launched an entitlement offer to raise approximately $500 million to assist in its growth projects and capital expenditure program.

Valmec’s wholly owned subsidiary, APTS, has secured a licensing agreement with Evisive Inc for its microwave inspection technology in Australia and New Zealand.

Wood has been awarded the brownfield engineering services contract for the INPEX-operated Ichthys offshore facilities.

Santos’ debt reduction strategy has delivered a 433 per cent increase in underlying profit, which now sits at US$336 million (AU$426.5 million).

PNG expansion on the cards


Oil Search, ExxonMobil and Total have identified the potential for up to three extra LNG trains in Papua New Guinea (PNG) following recent meetings.

Senex identifies development priorities


Senex Energy’s east coast gas business is expected to drive major production and earnings growth in 2019, with the company looking to accelerate gas project development.

Cooper Energy has begun the mobilisation of Diamond Offshore’s Ocean Monarch rig from offshore Fremantle to the Otway Basin, offshore Victoria.

Woodside Energy has successfully raised approximately $1.57 billion as part of the institutional component of its entitlement offer.

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

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