Woodside Petroleum News

(Photo: Subsea 7)

Subsea 7 Wins Three Woodside Contracts

Australia's Woodside Petroleum in recent months has awarded several oil and gas engineering contracts to Subsea 7 for two projects offshore Australia and one off Senegal, the offshore services company said on Wednesday.The three contracts awarded since December 2018 are for engineering studies related to the SNE Field Development-Phase 1 offshore Senegal, as well as the Scarborough Project and Julimar Development Phase 2, both offshore Australia. The contracts include options for Woodside to proceed to the execute phase with engineering, procurement, construction and installation (EPCI) contracts.

FPSO: File photo

Australia Priced Out of LNG Sector? Analysts

Recent news headlines on the LNG sector in Australia seem to be centered around its unsustainable rising costs. Woodside Petroleum had to ditch plans last year for its Browse LNG plant, which had gone way over budget at an estimated cost of US$80bn. In the interest of continuing the development, Woodside and its partners have now turned to FLNG vessels as a practicable alternative, says Douglas-Westwood's 'DW Monday' piece. More recently, Santos and GDF Suez have also scrapped plans to build gas plants off the Northern Territory Coast of Australia. Projects that have gone ahead have seen

Talisman to Sell Stakes in Two Australian Offshore Fields

to sell its 40 percent stake in the Corallina and its one-third stake in the Laminaria fields, whose production averaged under 6,000 barrels per day last year, a small fraction of the 373,000 barrels of oil equivalent per day that Talisman averaged over 2013. The two oilfields are operated by Woodside Petroleum Ltd. Talisman has been slimming its operations and cutting debt in order to satisfy disgruntled investors and boost shares that have fallen 7.9 percent over the past 12 months. The Toronto Stock Exchange's energy index has climbed 39 percent over the same span. Brent Anderson, a spokesman

Spain Gives Go-ahead to Canary Islands Drilling

on a number of appeals on environmental grounds. Of the seven appeals against drilling rejected by the Supreme Court, one was from the local Canary Island government, which initially supported the project but then turned against it. Repsol, which leads a consortium including Australia's Woodside Petroleum Ltd and Germany's RWE Dea AG , has said exploration could start in the third quarter for commercial extraction to begin in 2019 if findings are positive. (By Andrés González; Additional reporting by Sarah Morris and Tracy Rucinski; Editing by Fiona Ortiz and Louise Heavens

Spain Backs Repsol Oil Exploration off Canary Islands

he was backing it. The Environment Ministry said in a statement that Repsol would have to seek a separate authorisation for drilling and extracting oil in case it found any crude in the area, located 60 kilometres away from the islands. The company, leading a consortium including Australia's Woodside Petroleum Ltd and Germany's RWE Dea AG , said the exploration could start in the third quarter of the year if permits were granted on time. The Canary Islands regional government has been a fierce opponent to any oil exploration off its coasts because it believes it could harm its natural resources

Ocean Power Awards Australian Seabed Survey Contract

off the coast of Portland, Victoria. The proposed Portland wave power station is the largest of its kind in the world. The project is being developed by VWP, a wholly owned subsidiary of Ocean Power Technologies Australasia Pty Ltd.  an Australian company owned by OPT (88%) and energy company Woodside Petroleum Ltd (12%). OPTA awarded the seabed survey contract to PDS after undertaking an extensive qualification process, marking a major step in development of the project. The project recognizes the significance of the ocean environment for the Portland region and the survey will identify the best

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