Australia
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The well had been touted as one of the most anticipated in the North West Shelf for many years.
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ExxonMobil has initiated front-end engineering design studies to determine the feasibility of developing a South East Australia carbon capture and storage hub in the Bass Strait, where some of Australia’s oldest offshore oil and gas fields are to be decommissioned.
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The deal resulted from the exercise of ConocoPhillips’ preemption right to acquire the stake when operator Origin Energy had intended to sell it to US energy investment firm EIG Global Energy Partners for $2.12 billion.
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The company believes its booking represents the industry's first to be made under SPE's CO2 Storage Resource Management System.
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New projects coming on line throughout the year will vault the nation ahead of Australia and Qatar.
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Being first isn’t easy, as the massive Prelude has demonstrated. Since being commissioned in 2018, the world’s largest vessel has suffered a series of setbacks and has now halted production for an indefinite period of time.
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A new dose of constraint may just be the best prescription for those making reserves estimates on prospective unconventional resources.
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Natural gas delivered as LNG to growing economies in Asia has a strong role to play in achieving net zero in carbon emissions, and most of that gas will come from unconventional resources.
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A supervised machine-learning algorithm is developed to classify drilling parameters that increase rate of penetration and bit endurance for use in unconventional fields in Australia.
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This paper details new technologies and work flows implemented for Australian offshore wells to improve drilling efficiency while managing associated risks.