Regional News: Austral-Asia

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Australia's Santos Post 2Q 2016 Sales Revenue of $590M, Down 3% YOY
Friday, July 22, 2016 Australia's Santos sales revenue fell to $590 million in the second half of 2016, down 3 percent from last year's $611 million.

Oil Search Won't Counter Exxon Bid For Gas Explorer InterOil
Thursday, July 21, 2016 Oil Search declines to submit a counteroffer for Papua New Guinea-focused gas explorer InterOil, leaving Exxon Mobil Corp. to wait and see if Total will challenge its bid alone.

Woodside Q2 Revenue Falls 8% On Weaker Oil Prices
Thursday, July 21, 2016 Woodside reported a 10 percent rise in oil and gas output in the June quarter, while revenue fell 8 percent due to weaker oil prices, but says it expects third quarter revenue to improve.

Total Seen Unlikely to Fight Exxon Mobil Over South Pacific Gas
Wednesday, July 20, 2016 Total SA is unlikely to challenge ExxonMobil in a bidding war for explorer InterOil Corp, the French firm's partner in a gas field in Papua New Guinea, analysts said on Wednesday.

Chevron Says Gorgon LNG Export Plant Output To Resume Shortly
Wednesday, July 20, 2016 Production should resume shortly at Chevron's $54 billion liquefied natural gas (LNG) Gorgon export plant in Australia, a company spokesman says, following a longer-than-expected shutdown caused by a leak.


Monadelphous Lands Contract from JKC Australia LNG for Ichthys Project
Wednesday, July 20, 2016 Monadelphous secured a new contract from JKC Australia LNG for the Ichthys Project onshore liquefied natural gas facilities in Darwin, Northern Territory, Australia.

Total Seen Unlikely to Fight ExxonMobil over South Pacific Gas
Wednesday, July 20, 2016 French oil and gas producer Total is unlikely to take on ExxonMobil in a bidder war for explorer InterOil Corp, analysts say.

Australia's Santos Commences Search for New CFO to Succeed Andrew Seaton
Wednesday, July 20, 2016 Australia's Santos is searching for a new chief financial officer to succeed Andrew Seaton ahead of the latter's retirement at the end of this year.

BHP Billiton Cuts Petroleum CAPEX by 44% in FY2017 to $1.4B
Wednesday, July 20, 2016 BHP Billiton cuts oil and gas capital expenditure (CAPEX) by 44 percent in financial year 2017 to $1.4 billion, compared to $2.5 billion in the previous year.

Even The Losers May Win As Exxon Outbids Partner For PNG Gas
Tuesday, July 19, 2016 Being outbid by Exxon Mobil Corp. for prized Papua New Guinea natural gas assets might actually be a good thing for Oil Search Ltd.

Australia's PM Names Josh Frydenberg as Minister for Environment and Energy
Tuesday, July 19, 2016 Australia's Prime Minister Malcolm Turnbull, fresh from a narrow general election victory, appoints Josh Frydenberg as Minister for the Environment and Energy.

Russell: Exxon's Offer for InterOil a Model for Buying at the Bottom
Tuesday, July 19, 2016 Exxon's bid to buy a junior natural gas explorer in a remote Pacific country shows that rare corporate ability of planning a deal at the bottom of the commodity cycle that holds the promise of long-term returns.

Advent Pushes Ahead with Seismic Campaign in PEP 11 in Sydney Basin
Tuesday, July 19, 2016 Advent Energy pushes ahead with seismic campaign in PEP 11 in offshore Sydney Basin, Australia.

Oil Search Says Exxon Makes 'Superior' Bid for PNG's InterOil
Monday, July 18, 2016 ExxonMobil offers superior bid for InterOil, according to Oil Search, which is also in the running for large natural gas reserves in Papua New Guinea and the possibility to export the fuel from the Pacific nation.

OneSubsea Bags $300M Contract for Greater Enfield Project Off Australia
Friday, July 15, 2016 OneSubsea bags a $300 million engineering, procurement and construction contract from Woodside for the Greater Enfield Project offshore northwest Australia.

Queensland Court Judges in Favor of Armour in Farm-out Deal with AEGP
Friday, July 15, 2016 The Supreme Court of Queensland delivers judgement in favor of Armour Energy over the farm-out agreement for the Northern Territory tenements in Australia to AEGP.

NOPSEMA Gives BP More Time for Great Australian Bight Environmental Plan
Thursday, July 14, 2016 The National Offshore Petroleum Safety and Environmental Management Authority gives BP more time to resubmit an environmental plan for exploration drilling in the Great Australian Bight off South Australia.

AusGroup Signs Deal with Technip for Work on Shell's Prelude FLNG Project
Thursday, July 14, 2016 AusGroup's unit MAS Australasia signs agreement with Technip to provide scaffolding and rope access services on Shell's Prelude floating liquefied natural gas project off Western Australia.

Australia's Oil Basins Inks Deal with Ochre Group for Financing Support
Wednesday, July 13, 2016 Australia's Oil Basins inks agreement for Ochre Group Holdings to provide advice and financing in developing its upstream portfolio.

Sources: Exxon Tops Oil Search's Bid For InterOil
Wednesday, July 13, 2016 ExxonMobil tables an offer to buy InterOil topping the $2.2 billion deal from Australia's Oil Search, according to people familiar with the matter.

Woodside to Buy ConocoPhillips' Senegal Holdings for $350M
Wednesday, July 13, 2016 Woodside Petroleum agrees to buy ConocoPhillips' deepwater stakes off Senegal, including one of the world's most promising recent oil finds, for $350 million.

Searcher Seismic Commences 3D Reprocessing Project in Australia
Tuesday, July 12, 2016 Searcher Seismic commences the Olympus 3D Reprocessing Project in the Carnarvon Basin, Western Australia at DownUnder GeoSolutions' Perth facility.

Transerv Successfully Completes Retesting Ops at Warro-4 Well in WA
Tuesday, July 12, 2016 Transerv Energy successfully completes retesting operations at Warro-4 well in Western Australia's Warro Gas Project.

Quadrant Spuds Roc-2 Well in Permit WA-437-P in North West Shelf
Tuesday, July 12, 2016 Quadrant Energy spuds Roc-2 well in exploration permit WA-437-P in Australia's North West Shelf.

Beach Energy Flows First Gas from Udacha Field in Cooper Basin
Monday, July 11, 2016 Beach Energy commences first gas from the Udacha field in PRL 26 license in the Cooper Basin, South Australia.

Transerv, Norwest Join Hands to Drill Xanadu Prospect in Perth Basin Off WA
Monday, July 11, 2016 Transerv Energy forms strategic alliance with Norwest Energy to facilitate the farmout and drilling of the Xanadu Prospect in the TP-15 license in the Perth Basin off Western Australia.

SPR Welcomes PNG's Stance on Unconventional Hydrocarbons Development
Friday, July 08, 2016 South Pacific Resources welcomes Papua New Guinea Minister for Petroleum and Energy's comments on the development of unconventional hydrocarbons in the country.

Deloitte: Leadership and Culture Now Crucial for Oil and Gas Companies
Friday, July 08, 2016 As the oil and gas industry transforms in Australia, companies have turned their attention to establishing leadership teams and cultures that reflect market conditions, Deloitte's Julie Harrison says.

Quadrant to Commence Final Drilling Ops Soon at Outtrim East-1 in NWS
Friday, July 08, 2016 Quadrant Energy plans to commence final drilling operations soon at Outtrim East-1 well in exploration permit WA-155-P(1) in Australia's North West Shelf.

Real Energy Recommences Field Ops at Tamarama-1 Well in Queensland
Thursday, July 07, 2016 Real Energy recommences field operations at Taramara-1 well in permit ATP 972P in Queensland, Australia.

Repsol Plugs & Abandons Strickland 2 Prospect in PRL 269 in PNG
Thursday, July 07, 2016 Oil Search plugs and abandons the Strickland 2 prospect in Petroleum Retention Lease (PRL) 269 in the Highlands of Papua New Guinea.

MEO Grants Rouge Rock Option to Acquire Stake in 2 Permits Off NW Australia
Tuesday, July 05, 2016 MEO Australia grants option to Rouge Rock to acquire 45 percent stake each in exploration permit AC/P50 and AC/P51 in the Vulcan sub-basin off north west Australia subject to completion of the remaining work programs.

Transerv Continues Retesting Ops at Warro-4 Well in WA's Warro Gas Project
Tuesday, July 05, 2016 Transerv Energy continues with retesting operations at Warro-4 well in the Warro Gas Project in Western Australia.

PNG Awards 5 Unconventional Exploration Licenses to South Pacific Resources
Monday, July 04, 2016 South Pacific Resources reported that its applications for five unconventional hydrocarbon prospecting licenses in Papua New Guinea have been reserved by the government.

MEO Farms Out 50% Stake in Permit WA-454-P in Bonaparte Gulf to Origin
Monday, July 04, 2016 MEO Australia farms out its 50 percent interest in WA-454-P exploration permit in the Bonaparte Gulf offshore northern Australia to Origin Energy.

Aibel Bags Modification Contract from Woodside for Nguijma-Yin FPSO
Monday, July 04, 2016 Aibel bags a modification contract from Woodside for the Nguijma-Yin floating production storage and offloading facility located offshore Western Australia.

MGPalaeo to Build Stratigraphic Database for Australia's NWS for Carnarvon
Monday, July 04, 2016 Carnarvon Petroleum engages MGPalaeo to build a comprehensive stratigraphic database for Australia's North West Shelf.

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.

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.

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.

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.

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.

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