Wood Group in second win for Browse FEED
Wood Group has secured its second front-end engineering design (FEED) contract for the proposed Browse floating liquefied natural gas (FLNG) Development offshore Western Australia.
Commercial Oil Production Gets Underway at Ungani Field in Western Australia
Mitsubishi Corporation (MC) and Buru Energy Limited (Buru Energy) have been working together to undertake exploration and development of onshore oil and gas in the Canning Super Basin, located in the Kimberley region of Western Australia (WA). The MC-Buru Energy joint venture is pleased to announce the commencement of commercial production of the Ungani oil field. This is the first commencement of commercial onshore oil production involving Japanese companies in WA.
Apache Agrees To Sell Australian Operations For $2.1 Billion
Apache Corporation (NYSE, Nasdaq: APA) today announced an agreement to sell its Australian subsidiary Apache Energy Limited to a consortium of private equity funds managed by Macquarie Capital Group Limited and Brookfield Asset Management Inc. (NYSE: BAM) (TSX: BAM.A) (Euronext: BAMA) for cash payment of $2.1 billion. The transaction is expected to close mid-year 2015 and is subject to necessary government and regulatory approvals and customary post-closing adjustments. The effective date of the sale is October 1, 2014.