The federal government has opened up 27 new offshore petroleum acreages across nine basins in Commonwealth waters off five states, including 13 new areas off the coast of Western Australia.
Australia's offshore petroleum industry is to have its safety benchmarks strengthened.
A major energy conference in Adelaide has heard that a sub-sea first response toolkit to deal with potential spills will be developed because Australia is off-pace when it comes to safety benchmarks.
The federal government has granted some of the world’s largest oil and gas players, including Woodside Petroleum and BHP Billiton, the right to drill new permits off the coasts of Western Australia and Victoria, stimulating more than $300 million in exploration over the next three years.
Woodside Petroleum has struck a $2 billion deal to sell part of its stake in the proposed Browse LNG development, in a move that will add to speculation the gas will be piped to the North West Shelf venture rather than processed in the Kimberley.
Pura Vida Energy shares have jumped on the ASX today, after the Perth-based company unveiled an upgraded resource at its Mazagan exploration permit, off the coast of Morocco.
Perth based oil and gas junior Aurora Oil and Gas has announced a $107 million, unconditional on-market cash takeover bid for Eureka Energy.
Aurora announced today it had offered 45 cents for each Eureka share, a 36.4 per cent premium to its last traded price of 33 cents.
Perth-based oil and gas explorer Zeta Petroleum is expecting to list on the ASX early next month, after its $8.35 million initial public offering closed oversubscribed.
Perth-based oil and gas explorer Tap Oil is entering the shale gas arena, after signing an agreement with privately-owned Rusa Resources to explore acreage in the onshore Carnarvon Basin.
Perth-based oil and gas explorer Strike Energy shares have jumped after the company reported drilling results that exceeded expectations from its latest round of exploration in South Australia’s Cooper Basin.
Explorer Copper Range has outlined a move into the African energy sector after signing an agreement that could see it acquire up to an 80 per cent interest in the Bezaha oil project in Madagascar.
Exoma Energy has signed Ausdrill to provide a drill rig and drilling services at its Galilee natural gas joint venture in Queensland, in a deal worth $13 million.
Geraldton company Bhagwan Marine is planning to expand its oil & gas services business after gaining financial backing from private equity group Catalyst Investment Managers.
Central Petroleum has completed a $9.9 million capital raising to continue exploration efforts at its Amadeus Basin oil and gas prospects in the Northern Territory.
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