Oil and gas
Buru to start fracking next year
Buru Energy intends to start its exploratory hydraulic fracturing program in March next year.
In the meantime it will be concentrating on construction works, well preparation and what it describes as diagnostic fracture injection tests.
Energy Publications [read this story]
New Aboriginal waterfront company
Former KLC leader Wayne Bergmann is managing director of a new Aboriginal maritime services company.
Aboriginal Maritime Pty Ltd is competing with union labour for various waterfront and other marine contracts in the oil and gas industry.
The Australian [read this story]
Browse Basin: New gas condensate find
Santos has found gas condensate at its Lasseter-1 well, in the Browse Basin.
Proactive Investors [read this story]
This follows Apache Corporation’s discovery of oil in the offshore portion of the Canning Basin, said to be Australia’s biggest oil discovery in 30 years.
Sydney Morning Herald [read this story]
Canning Basin: Massive oil find
Apache Energy has discovered a new oilfield in the offshore part of the Canning Basin.
The company was exploring for gas, but instead found light crude oil.
Some industry players say it could be Australia’s biggest oil discovery in 30 years.
WA Today [read this story]
Yawuru opposed to fracking
The Yawuru native title group has voted not to support hydraulic fracturing for gas.
Buru Energy already holds exploration permits to frack two wells at Yulleroo, on Roebuck Plains east of Broome.
The Yawuru group is therefore unable to legally stop the company.
A Buru spokesman said the company would continue to work with the Yawuru people.
The Australian [read this story]
Buru Energy: Managing Director steps down
Keiran Wulff has stood down as Managing Director for Buru Energy and resigned as a company director.
Buru founder Eric Streitberg will take his place.
You can read a Buru media release here: http://www.buruenergy.com/wp-content/sharelink/20140702-board-and-management-changes-77545355565866955.pdf
Browse Basin: Submersible to drill for oil
Cal Energy and IBP Petroleum intend to drill for oil with a submersible rig.
The Pryderi-1 oil exploration well is located in Block WA-424-P, an IBP lease located about 200km east of Prince Regent Nature Reserve.
Upstream Online [read this story]
Browse Basin: Ichthys ‘half way’ to completion
Inpex says construction work on its Ichthys gas project is now half complete.
The company intends to extract gas from the Browse Basin lease, piping it along the sea bed to its own processing facility near Darwin.
The West Australian [read this story]
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