Nexus Energy Limited today announces that it has reached a binding agreement with Santos Limited (Santos) to amend the Longtom Agreement relating to Nexus’ 100% owned Longtom gas production asset. The agreement is subject to certain conditions being satisfied or waived by 30 June 2013. These include Nexus obtaining funding for the required work program to satisfy the [...]
Nexus Energy Limited (Nexus) advises that, further to the operational update issued on 14 January, in which the company announced that production at the Longtom gas processing facility has been suspended as a result of an electrical fault, an offshore intervention program will commence shortly. A vessel with the capability to inspect and potentially rectify the [...]
Nexus Energy Limited (Nexus) advises that production at the Longtom gas processing facility near Orbost, Australia, has been suspended as a result of an electrical fault. The location of the fault is in the process of being determined and could be within the Santos Limited (Santos) or Nexus offshore facilities. The outage is expected to [...]
Nexus Energy Limited (Nexus) advises it has provided to Shell Development (Australia) Pty Ltd (Shell) an Option Notice that will result in the disposal of 2% of Nexus’ 17% participating interest in the Crux AC/L9 development project in the East Browse Basin, off the coast of North West Australia for $75 million. The put option [...]
Nexus Energy Limited, an Australia-based oil and gas exploration and production company, has appointed new Managing Director. The company today announced that that Lucio Della Martina has been appointed as Managing Director with immediate effect. Della Martina was appointed as Chief Executive Officer on 13 May 2012 and since his appointment he has developed and [...]
Nexus Energy Limited (Nexus) advises that the following changes to the Nexus Board of Directors will take place in the coming weeks. Don Voelte has agreed to be appointed and take over the position of Non-Executive Chairman with effect from 11 October 2012 from Michael Fowler. Further, on 31 October 2012 four of Nexus’ longstanding [...]
Australia’s Nexus today signed Consolidation Agreements with Shell and Osaka Gas for a new Joint Venture which will commercialise the Crux offshore field. The participating interests in the new Joint Venture in AC/L9 will be Nexus 17%, Shell 80% (operator) and Osaka Gas 3%. Nexus also has a 12-month option to sell 2% of its [...]
Nexus Energy Limited (Nexus) advises that the vessel to inspect and potentially rectify the electrical fault that caused the suspension of Longtom offshore gas field production announced on 6 June 2012 arrived on site on 20 June 2012. Initial inspections have successfully identified the fault to be contained within a specific section of the offshore [...]
Nexus Energy Limited has been informed by Santos Limited (Santos), as operator of the Patricia-Baleen gas processing facility (facility), that a series of short-term production interruptions have occurred due to an intermittent electrical fault. Production at the facility has been suspended, with the outage expected to continue until the fault is identified and fixed through [...]
The Board of Nexus Energy Limited (Nexus) has appointed Mr Lucio Della Martina as its Chief Executive Officer. Mr Della Martina will take up his appointment with Nexus mid-May and will be relocating from Perth to Melbourne. Following a short handover period, Executive Directors, Michael Fowler and Ian Boserio will resume the positions of Non-executive [...]
