Regional News: Austral-Asia

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APPEA Says WA Labor's Call for Moratorium on Fracking Jeopardizes Jobs
Monday, August 31, 2015 APPEA says the Western Australian Labor Party is jeopardizing jobs and investments in the state's oil and gas industry by calling for a moratorium on hydraulic fracturing.

Buru Energy Hits Oil at Praslin 1 Well
Friday, August 28, 2015 Buru Energy Limited encounters oil at the Praslin 1 exploration well, located in Western Australia.

UIL Energy to Acquire Perth Basin 2D Seismic
Friday, August 28, 2015 UIL Energy plans to acquire up to 164 miles of 2D seismic data across three central Perth Basin permits.

Pilot Energy Gets Clearance to Vary Work Program for Permit WA-503-P Off WA
Thursday, August 27, 2015 The National Offshore Petroleum Titles Administrator approves Pilot Energy's application to vary its work program for Permit WA-503-P offshore Western Australia.

NZOG Reports Full Year Net Loss of $4M, Eyes Under-Valued Assets
Thursday, August 27, 2015 New Zealand Oil & Gas reports a full year net loss of $4 million as it seeks to acquire under-valued assets.


Galilee Completes Acquisition of ATP 529P Permit in Queensland, Australia
Thursday, August 27, 2015 Galilee Energy completes the acquisition of the remaining 50 percent stake in ATP 529P in Galilee Basin om Queensland, Australia from AGL Energy.

InterOil Awards PNG Field Connectivity Contract to Speedcast
Wednesday, August 26, 2015 InterOil awards a satellite communications and network services contract for its operations in Papua New Guinea's Gulf province to Speedcast.

Mosman Plans to Acquire New Zealand's Upstream Assets from Origin Energy
Wednesday, August 26, 2015 Mosman Oil and Gas plans to acquire New Zealand upstream oil and gas assets, including the Rimu, Kauri and Manutahi fields from Australia's Origin Energy.

NOPTA Approves Cue's Application to Defer WA-359-P Year 3 Program Off WA
Wednesday, August 26, 2015 The National Offshore Petroleum Titles Administrator approves Cue Energy's application to suspend Year 3 work program for Permit WA-359-P offshore Western Australia.

Transerv to Recover Stuck Pipe at Warro-5 Well in WA's Warro Gas Field
Tuesday, August 25, 2015 Transerv Energy prepares to commence fishing operations to recover a stuck pipe at the Warro-5 well in Western Australia's Warro gas field.

Australia's PPP CEO Tom Prudence Steps Down, Firm Not Seeking Replacement
Tuesday, August 25, 2015 Pan Pacific Petroleum CEO Tom Prudence steps down from post, with company not seeking a replacement.

Oil Search Eyeing Acquisitions in PNG
Tuesday, August 25, 2015 Oil Search Ltd is looking for acquisitions in Papua New Guinea, where it holds the bulk of its assets, but Managing Director Peter Botten says deals may take some time as buyer and seller expectations remain wide apart.

Oilex Updates on Operations at Upstream Assets in India, Australia
Tuesday, August 25, 2015 Oilex provides an update on operations at its upstream assets in India and Australia.

Buru Energy Continues Drilling at Praslin 1 Well in WA's EP391 Permit
Monday, August 24, 2015 Buru Energy provides update on drilling at Praslin 1 well in permit EP391 in Western Australia.

Australia's AWE Posts Underlying Net Loss After Tax of $37.52M
Monday, August 24, 2015 Australia's AWE posts an underlying net loss of $37.52 million for financial year 2014-2015 ending June 30.

Big Oil's Flight Draws US Risk Takers to Australian Shale
Friday, August 21, 2015 Aubrey McClendon, the wildcatter who pioneered the US shale revolution by going where big oil companies wouldn't, is at it again. This time in Australia.

AWE Raises WA's Perth Basin Gross Recoverable Gas to 700 Bcf
Friday, August 21, 2015 AWE raises onshore Perth Basin gross recoverable gas in Western Australia to more than 700 billion cubic feet after evaluating the Waitsia-1 and Waitsia-2 appraisal well results.

Pressure Mounts to Retire Older Fleet as Rig Oversupply Persists
Friday, August 21, 2015 More old rigs may head for the scrapyard as oversupply persists, thanks to relatively weak drilling demand and addition of newbuilds to the global fleet.

Santos CEO Knox Stepping Down Stokes Takeover Speculation
Friday, August 21, 2015 Santos CEO David Knox is stepping down as a slide in crude prices increases pressure on the Australian oil producer, stoking speculation it could become a takeover target.

Australia's Santos Posts 82% Fall in 1H 2015 Net Profit to $27M
Friday, August 21, 2015 Santos's first half 2015 net profit fell 82 percent to $27 million, with the decline attributed to lower oil prices and higher exploration expense.

Tempo Australia Provides More Personnel for Gorgon LNG Project in WA
Friday, August 21, 2015 Tempo Australia to provide more personnel for construction, pre-commissioning and commissioning services for the Gorgon liquefied natural gas project in Western Australia .

Shale Pioneer McClendon Seeks Global Footprint in Armour Deal
Thursday, August 20, 2015 US shale gas explorer Aubrey McClendon negotiates $100 million acquisition of Australian drilling rights.

Origin Slumps as Oil's Plunge Threatens LNG Project Returns
Thursday, August 20, 2015 Origin Energy heads for its biggest decline in 15 years in Sydney after the utility turned to a full-year loss and said the plunge in oil prices could significantly reduce the contribution from its liquefied natural gas project.

More Oil Pain Needed Before Energy Deals Seen Picking Up
Wednesday, August 19, 2015 Acquisitions in the energy industry will depend on at least a few more months of weakness in oil prices, according to Australia's Woodside.

Woodside's 1H 2015 Net Profit After Tax Falls 39% to $679M on Lower Revenue
Wednesday, August 19, 2015 Woodside's net profit after tax falls 39 percent to $679 million in the first half of 2015, with the decline attributed to lower operating revenue.

WHL Energy Receives Approval to Vary Work Program
Wednesday, August 19, 2015 WHL Energy receives approval from the authorities to vary its work program for exploration permit VIC/P67 in the Otway Basin, offshore Australia.

Transerv Energy Spuds Warro-5 Well in WA's Warro Gas Field
Tuesday, August 18, 2015 Transerv Energy spuds Warro-5 well in the onshore Warro gas field in Western Australia.

Indonesia's Pertamina Says To Only Need Fraction Of Planned Debt Financing
Tuesday, August 18, 2015 Pertamina slashes the amount it plans to raise through long-term debt financing this year after the government paid back some fuel-subsidy money it owed the state energy company.

Tempo Secures Variations to Sub-Contract for WA's Gorgon Project
Monday, August 17, 2015 Tempo Australia secures variations to an existing sub-contract at the Gorgon project in Western Australia.

Australia's Santos Denies Plans to Launch Equity Raising
Monday, August 17, 2015 Santos denies plans to launch an equity raising, adding that it retains ample liquidity.

Monadelphous Bags Contract for Chevron's Barrow Island Assets in WA
Monday, August 17, 2015 Monadelphous bags a 3-year contract facilities maintenance services contract for the Chevron-operated Barrow Island assets in Western Australia.

WA's Praslin 1 Well Drilling Delayed by Minor Mechanical Issues on Rig
Thursday, August 13, 2015 Buru Energy reveals that drilling at the Praslin 1 well in Permit EP391 in Western Australia has been delayed by minor mechanical issues on the rig.

Texas Investor Energy & Minerals Acquires Aussie Shale Stake
Thursday, August 13, 2015 Energy & Minerals Group, the Texas-based private-equity firm, acquires shale oil and gas prospects in northern Australia.

InterOil Completes Wahoo-1 Sidetrack Ops in PPL 474 in PNG
Thursday, August 13, 2015 InterOil to plug and abandon the Wahoo-1 well in PPL 474 in Gulf Province, Papua New Guinea.

New Zealand's GNS Science Launches iMage Platform for the Seismic Industry
Thursday, August 13, 2015 New Zealand's GNS Science launches iMage platform, a new seismic tool for the industry.

Origin Energy Writes Down $244.7M on Australian Upstream Assets
Wednesday, August 12, 2015 Origin Energy writes down $244.7 million on its upstream assets in Australia.

DMP Says Western Australia Takes a Year to Grant Exploration Licenses
Wednesday, August 12, 2015 Western Australia's Department of Mines and Petroleum reports that the state took an average of 364 days to grant exploration licenses.

West Telesto to Spud Sea Lion-1 Prospect in Gippsland Basin in Late August
Wednesday, August 12, 2015 The West Telesto jackup is likely to spud the Sea Lion-1 exploration well in permit VIC/P57 in the Gippsland Basin, offshore Australia in late August.

Strike Completes Workover Ops at Klebb Wells in Australia's SCB Gas Project
Tuesday, August 11, 2015 Strike Energy successfully completes workover operations at three Klebb wells in the Southern Cooper Basin gas project in South Australia.

Quadrant Energy Finds Dry Hole at Levitt-1 Well in Permit WA-482-P Off WA
Tuesday, August 11, 2015 Quadrant Energy finds dry hole at the Levitt-1 prospect in WA-482-P permit offshore Western Australia.

Beach Energy Acquires 40% Stake in ATP 1056 Permit in Queensland
Tuesday, August 11, 2015 Beach Energy signs agreement to acquire 40 percent operating interest in ATP 1056 permit in Queensland, Australia.

Japan's Inpex Says Ichthys LNG Project a Little Behind Schedule
Friday, August 07, 2015 Inpex Corporation's $34-billion Ichthys liquefied natural gas project in Australia is slightly behind schedule but the firm says it is still on target to start commercial production by the end of 2016.

APLNG Completes Workover of Mahalo 6 Well in Queensland's Bowen Basin
Thursday, August 06, 2015 APLNG completes workover of the Mahalo 6 vertical intercept well in Permit ATP 337P in Queensland's Bowen Basin in Australia.

Comet Ridge Provides Contingent Resource at Galilee Basin's Permit ATP 744
Wednesday, August 05, 2015 Comet Ridge discloses the initial contingent gas resource at permit ATP 744 in the Galilee Basin in Queensland, Australia.

APPEA Supports Call by Productivity Commission for Workplace Reforms
Wednesday, August 05, 2015 APPEA supports the call by the Productivity Commission in Australia for workplace reforms, especially for oil and gas development projects.

InterOil to Drill Antelope 4 Sidetrack Well in PNG's PRL 15 Soon
Tuesday, August 04, 2015 Oil Search reveals that InterOil will be drilling the Antelope 4 well in Petroleum Retention License 15 in Papua New Guinea soon.

Octanex Seeks Retention Lease for Ascalon Gas Find Off Western Australia
Tuesday, August 04, 2015 Octanex moves to obtain a retention lease for the Ascalon gas discovery in permit WA-407-P in Southern Bonaparte Basin, offshore Western Australia.

Origin Energy to Sell 53.09% Stake in NZ's Contact Energy for $1.18B
Tuesday, August 04, 2015 Australia's Origin Energy agrees to sell its entire 53.09 percent interest in New Zealand's Contact Energy for $1.18 billion, with the proceeds to be used to reduce cost and debt.

Industry Counts on FLNG to Beat the Odds and Live Up to Promise
Tuesday, August 04, 2015 Weak liquefied natural gas (LNG) prices could dampen relatively brisk activities in the floating LNG sector, currently a bright spark in the oil and gas industry.

Total Takes Over as Operator of PRL 15 in Papua New Guinea's Gulf Province
Monday, August 03, 2015 Total takes over as operator of Petroleum Retention License 15 in the Gulf Province of Papua New Guinea.

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