Kimberley gas aspirant Buru Energy will cut its workforce by 40 per cent, following a comprehensive review designed to reduce spending by $3 million each year.
Buru Energy is actively pursuing a joint venture partner to help it bring its Canning Basin gas interests into production, less than a year after buying out Origin Energy's share of its projects.
Buru Energy has sold a 25 per cent stake in onshore Carnarvon Basin permit and applications to JV partner Mineral Resources, as it sharpens its focus on its Rafael gas and condensate discovery.
Buru Energy will explore commercialising its Rafael gas and condensate discovery in the Canning Basin by 2027 through a phased development strategy announced today.
Oil and gas player Buru Energy has restarted production from the Ungani oilfield after its operations were impacted by ex-tropical cyclone Ellie in January.
JV partners Buru Energy and Mineral Resources' subsidiary Energy Resources have become the largest acreage holders in the onshore Carnarvon Basin and Merlinleigh Sub-basin.
Our weekly appointments wrap includes Thomas Nador, Eric Streitberg, Danicia Quinlan, Shaun McRobert, Samuel McSkimming, Derry Simpson, Daniel Smith and Michael Kerman.
Buru Energy executive chairman Eric Streitberg has started a non-executive role in the oil and gas company, with recently appointed chief executive Thomas Nador taking over some of his duties.
