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What you were reading in 2015

2015 has seen projects started, companies booming and busting, legislation changing for better and worse.

The following collection highlights what made Gas Today readers tick.

[Ichthys onshore facilities]1. Ichthys under fire over incidents “cover up”

Fri 11 September 2015

The joint-venture contractors accused of misreporting months of safety and injury incidents at INPEX’s Ichthys LNG Project in the Northern Territory have strongly rejected the claims.

AOG exhibitors in action 2. 200 more Santos jobs to go

Mon 12 October 2015

Santos has cut 200 jobs from its eastern Australian businesses, according to a company statement.

The company cited the low oil price environment as a key reason for the additional head-count reduction, which has been touted as part of its continued effort to reduce overheads across its operations and maximise shareholder value.

AOG exhibitors in action
3. Timor-Leste’s sun will rise at AOG 2015

Wed 14 January 2015

What is the future for the Sunrise gas field? What is the latest on maritime boundary discussions between Timor-Leste and Australia? What exploration and business opportunities are available in this young nation?

These questions and many more will be up for discussion when a delegation of leading Timor-Leste dignitaries participate in a must attend luncheon at the Australasian Oil & Gas Exhibition and Conference (AOG) in Perth, Western Australia in March 2015.

 Top 20 gas leaders 4. Announcing the Top 20 Australian Gas Leaders

Thu 21 May 2015

The Top 20 Australian Gas Leaders – 2015 lists have officially been launched and are now available to view.

In what is a first for the Australian gas industry, Gas Today is excited to provide an exclusive guide to the movers and shakers of Australia’s gas industry.

AOG exhibitors in action5. Chevron loses ATO case

Fri 23 October 2015

Chevron will have to pay over $A250 million in back taxes and an estimated $A60 million in fines after having lost a Federal Court case brought by the Australian Taxation Office (ATO).

The ATO accused Chevron of using an in-house loan to an Australian subsidiary worth around $A2.7 billion to raise up to $A862 million in tax-free dividends over five years, utilising a higher interest rate on the loan which was not subject to tax in either Australia or the United States.

 Top 20 gas leaders 6. Armour rejects WestSide hostile takeover

Wed 9 September 2015

Armour Energy directors have pleaded with shareholders to reject a hostile takeover bid launched by WestSide Corporation, a Brisbane-based gas producer.

A statement issued to the ASX today urges shareholders to reject the WestSide offer, labelling it is “opportunistic and inadequate”?.

Armour Energy’s board has reportedly unanimously refused the offer.

AOG exhibitors in action 7. It looks gloomy, but is it? Emerging workforce needs for Australian gas

Written By Geoffrey Cann: featured in Winter 2015

It really does look gloomy out there. Globally, oil and gas industry layoffs number well north of 100,000.

The services companies have taken the brunt of the losses, and it’s interesting how few jobs have been lost among the exploration and production companies.

So what gives?

 Spirit of Hela 8. Asian LNG demand much lower than expected

Mon 19 January 2015

The LNG industry celebrated its 50th birthday in 2014, but while the industry may have matured, global mining research and consultancy Wood Mackenzie found in its annual review that Asian LNG demand was much lower than expected.

AOG exhibitors in action 9. Arrow postpones upstream Bowen Basin plans

Wed 9 December 2015

Production challenges have resulted in Arrow Energy deciding to delay its upstream Bowen Basin development, which involved a gas field expansion and the proposed 500 km Arrow Bowen Pipeline to Gladstone.

An Arrow spokesperson told PPO News that the Bowen Basin, which contains deeper and tighter coals than the company’s holdings in the Surat Basin, presented a number of production challenges.

 Oil Rig 10. FAR Ltd appoints oil industry analyst Gordon Ramsay

Fri 23 January 2015

Junior oil and gas explorer FAR Ltd has appointed respected oil industry analyst and advisor Gordon Ramsay as its Executive General Manager of Business Development.

The new role will include responsibility for identifying new industry opportunities for FAR following its exploration success offshore Senegal in 2014, when the company discovered two world scale oil fields.

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