Regional News: Austral-Asia

 
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Chevron's $54B Gorgon LNG Project Evacuated After Leak
Friday, July 01, 2016 Chevron Corp. evacuated workers at its $54 billion Gorgon liquefied natural gas development after a gas leak at the site, the latest problem for the Australian mega-project.

Australia's Aconex Wins 4 Year Contract from ExxonMobil
Friday, July 01, 2016 Australia's Aconex wins a four year contract from ExxonMobil to provide its cloud and mobile collaboration platform for the latter's engineering and construction projects globally.

Rawson's Unit Acquires Moira, Gains Stake in PPL 391 in Papua New Guinea
Friday, July 01, 2016 Rawson Resources' unit inks deal to acquire Moiro Ltd., giving it ownership of petroleum prospecting license (PPL) 391 in Papua New Guinea's North New Guinea Basin.

Quadrant to Drill Driftwood-1 Well in WA-320-P in Carnarvon Basin
Thursday, June 30, 2016 Quadrant Energy plans to drill Driftwood-1 exploration well in permit WA-320-P in the Carnarvon Basin, off Western Australia using the Noble Tom Prosser in August.

Pilot Energy Seeks Partner for Exploration Permit WA-507-P Off Australia
Thursday, June 30, 2016 Pilot Energy seeks partner for exploration permit WA-507-P in the Northern Carnavon Basin off the Northwest Shelf of Australia.

  


Papua New Guinea Awards Petroleum Prospecting License 549 to Rawson
Thursday, June 30, 2016 Papua New Guinea's Ministry of Petroleum and Energy awards Petroleum Prospecting License 549 to Australia's Rawson Resources.

InterOil Gets Unsolicited Takeover Offer from Unnamed Bidder
Thursday, June 30, 2016 InterOil, which agreed last month to be acquired by Australia's Oil Search, says it received an unsolicited offer from an unnamed bidder, with whom it would engage in further talks.

APLNG Delivers First LNG Cargo to Kansai Electric
Thursday, June 30, 2016 Australia Pacific LNG ships its first cargo of liquefied natural gas to Japan's Kansai Electric Power, with the project's Train 2 expected to deliver the first cargo by end 2016.

Searcher, BGP Complete Seismic Surveys Offshore Western Australia, Norway
Thursday, June 30, 2016 Searcher Seismic and BGP complete acquisition of new seismic surveys offshore Western Australia and offshore Norway.

TGS Commences the NW Shelf Renaissance 2D Seismic Survey off Australia
Wednesday, June 29, 2016 TGS commences the Northwest Shelf Renaissance 2D seismic survey offshore north west Australia.

Australis Oil & Gas Launches IPO in Australia to Raise $22.17M
Wednesday, June 29, 2016 Australis Oil & Gas launches an initial public offering in Australia to raise $22.17 million to help build its upstream asset portfolio.

Intertek Clinches Inpex-operated Ichthys LNG Project Contract Off Australia
Tuesday, June 28, 2016 Intertek clinches contract to provide quality assurance services into the operational phase of the Inpex-operated Ichthys liquefied natural gas project off northwestern Australia.

POSH Wins Contract from Technip for Prelude FLNG Project in Browse Basin
Monday, June 27, 2016 Singapore's PACC Offshore Services Holdings (POSH) wins a contract from Technip Oceania to support Shell's Prelude floating liquefied natural gas facility in the Browse Basin, off Western Australia.

Woodside-Mitsui JV Approves $1.9B Greater Enfield Project Off WA
Monday, June 27, 2016 The Woodside-Mitsui joint venture approves the development plan for the $1.9 billion Greater Enfield Project off Exmouth in Western Australia, with first oil planned for mid-2019.

Central Confirms Gas Flow at Mereenie Field in Australia's Amadeus Basin
Monday, June 27, 2016 Central Petroleum confirms gas flow during production testing at Mereenie field in Amadeus Basin in Australia's Northern Territory.

BHP Billiton to Invest $900M in Oil, Copper Exploration in FY17, Up 18% YOY
Monday, June 27, 2016 BHP Billiton plans to invest $900 million in oil and copper exploration in financial year 2017 (FY17), including three conventional deepwater oil projects in the Australia's Northern Beagle sub-basin, the Gulf of Mexico and the Caribbean.

NZEC Plans to Boost Exploration, Appraisal Work at its NZ Assets
Thursday, June 23, 2016 New Zealand Energy Corp. plans to boost exploration and appraisal work at its upstream assets in New Zealand.

Atkins Wins Engineering Support Services Contract for Chevron's WA Assets
Thursday, June 23, 2016 Atkins secures a contract from Chevron to provide onshore and offshore engineering support services for the latter's oil and gas assets in Western Australia.

Advent's RL1 Project in Australia's NT to Gain from Infrastructure Project
Thursday, June 23, 2016 Advent Energy's Weaber Gas Field project in permit RL1 in Australia's Northern Territory is likely to gain from a government infrastructural funding program in the state.

Triangle Energy Buys Cliff Head Oil Field Offshore Perth Basin for $2.4M
Tuesday, June 21, 2016 Triangle Energy acquires 57.5 percent stake in Cliff Head Oil field located offshore West Australia for $2.4 million.

RBA: Australia LNG Export Boom Set To Defy Weak Prices
Tuesday, June 21, 2016 Australian exports of liquefied natural gas are likely to grow strongly over the new few years despite subdued prices for the energy given the massive amount of money already sunk into projects, a top central bank official says.

Real Energy Suspends Taramara-1 Ops in Queensland Due to Wet Weather
Monday, June 20, 2016 Real Energy temporarily suspends operations at Taramara-1 well in ATP972P in Queensland due to wet weather.

Quadrant Spuds Outtrim East-1 Well in Permit WA-155-P(1) in Australia's NWS
Monday, June 20, 2016 Quadrant Energy spuds Outtrim East-1 well in exploration permit WA-155-P(1) in Australia's North West Shelf.

BLOG: New Job Creation in Australia's Gas Sector Remains Elusive
Sunday, June 19, 2016 Job creation in Australia's natural gas industry may become a casualty in a protracted tussle between gas firms and state governments over new developments.

Empire O&G Plans Remedial Solutions at RGN-1 Well in WA's Perth Basin
Friday, June 17, 2016 Empire Oil and Gas plans to carry out remedial solutions in the last two quarters of this year at the Red Gully North-1 well in permit EP 389 in Western Australia.

AWE Scraps Plans to Sell Cliff Head Oil Field in WA's Perth Basin to Elixir
Thursday, June 16, 2016 AWE scraps plans to sell stake in Cliff Head oil field in Western Australia to Elixir Petroleum after reaching deal with a third party.

InterOil Says Protest Against Board Won't Impact Takeover Vote
Wednesday, June 15, 2016 Takeover target InterOil Corp says a protest vote against its directors at a shareholders' meeting will have no bearing on an upcoming vote on a $2.2 billion bid for it by Australia's Oil Search.

Exxon, BHP Examining Sale of Joint Australia Oil and Gas Assets
Wednesday, June 15, 2016 Exxon Mobil Corp. and BHP Billiton Ltd. are studying plans to sell depleting energy assets in Australia, including the largest oil field ever discovered in the nation.

Mineral Resources Becomes Key Shareholder of Australia's Empire Oil & Gas
Wednesday, June 15, 2016 Mineral Resources acquires ERM Power's 18.72 percent stake in Australia's Empire Oil and Gas as it expands into the liquefied natural gas business.

NZP&M Extends Tariki, Waihapa and Ngaere Licenses in New Zealand
Monday, June 13, 2016 New Zealand Petroleum & Minerals (NZP&M) extends the term for Tariki, Waihapa and Ngaere licenses in the country.

Australia's Bounty Closes Deal with Bridgeport for Surat Basin Assets
Monday, June 13, 2016 Australia's Bounty Oil & Gas closes agreement with Bridgeport to acquire additional stakes in Petroleum Lease 2 in the southern Surat Basin, Queensland and exits PL 214 Utopia Joint Venture.

Oil Demand Boosted As Global Refinery Capacity To Reach Record
Friday, June 10, 2016 Oil demand is set to surge in the short-term as refining capacity hits a record.

Beach Energy Names Morne Engelbrecht as CFO to Replace Kathryn Presser
Thursday, June 09, 2016 Beach Energy names Morne Engelbrecht to replace Kathryn Presser as chief financial officer.

Russell: No New Australian LNG Projects Doesn't Mean No New LNG
Thursday, June 09, 2016 Conventional wisdom in the liquefied natural gas (LNG) sector is that no new projects will be built for several years, given the vast cost can't be reconciled with the current low prices.

Dozens Reported Wounded As PNG Police Fire On Protesters, Riots Spread
Wednesday, June 08, 2016 Dozens of people were wounded in Papua New Guinea after police opened fire on a student demonstration in the capital and riots erupted across the country, but officials say earlier reports of up to four dead are incorrect.

Australia's Oilex, Zeta Resources Agree to Terminate Legal Proceedings
Wednesday, June 08, 2016 Oilex and Zeta Resources agree to terminate legal proceedings between both parties.

Quadrant to Drill Roc-2 Well in North West Shelf in Late June/Early July
Wednesday, June 08, 2016 Quadrant Energy plans to drill the Roc-2 appraisal well in permit WA-437-P off Western Australia with the Ocean Monarch semisub in late June or early July.

Real Energy Prepares for Taramara-1 Flow Testing Phase in Queensland
Monday, June 06, 2016 Real Energy completes a fracture stimulation program at Taramara-1 well in ATP972P in Queensland, Australia ahead of the flow testing phase.

Russell: Australian LNG Sector Knows Its Enemies, But Not How To Fight Them
Monday, June 06, 2016 It should be a golden age for Australia's liquefied natural gas producers as they sit on the cusp of becoming the world's largest supplier of the fuel that holds the largest growth potential among its fossil rivals.

Australia's UGL Faces More Provisions On Work For Ichthys LNG
Monday, June 06, 2016 Australian contractor UGL Ltd warns it may have to book a provision of up to $146 million for losses on its work for the Ichthys liquefied natural gas (LNG) project, knocking its shares down 35 percent.

IFAP: Australia Not Compromising Safety Standards and Training
Monday, June 06, 2016 The importance of safety training remains high on the agenda for Australia's oil and gas industry despite ongoing challenges for companies, an industry expert says.

Australian O&G Industry Welcomes Govt's Funding for Onshore Gas Research
Monday, June 06, 2016 The Australian Petroleum Production and Exploration Association says the industry welcomes the government's $2.9 million commitment to CISRO to conduct social and environmental research around local natural gas development.

TAG Oil Gets Approval to Take 70% Operating Stake in NZ's PEP51153
Monday, June 06, 2016 TAG Oil gets approval to assume a 70 percent operating stake in petroleum exploration permit (PEP) 51153 in New Zealand's Taranaki Basin.

Santos, Quadrant Terminate Sale of Stag Oilfield Off WA to Malaysia's Sona
Friday, June 03, 2016 Santos and Quadrant Energy terminate the sale of Western Australia's offshore Stag Oilfield to Malaysia's Sona Petroleum.

Repsol Continues Drilling at Strickland 2 Prospect in PNG's Highlands
Friday, June 03, 2016 Repsol continues drilling activities at Strickland 2 exploration well in Petroleum Retention License 269 in Papua New Guinea's Highlands.

AWE Upgrades 2P Reserves for WA's Waitsia Field by 93% to 344 Bcf
Friday, June 03, 2016 AWE upgrades proved and probable (2P) reserves for the Waitsia gas field located onshore Western Australia by 93 percent to 344 billion cubic feet.

Australia's PEL 444 Partners Swap Seismic Data with Senex, Bridgeport
Thursday, June 02, 2016 Holloman Energy and its partner in petroleum exploration license 444 in South Australia agree to swap 3D seismic data with Senex Energy and Bridgeport Energy.