Regional News: Austral-Asia
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Osaka Gas Buys PNG Gas Fields
Thursday, May 23, 2013 Osaka Gas buys stakes in natural gas assets in Papua New Guinea from Horizon Oil.
Tangiers Executes Farm-Out Agreement
Wednesday, May 22, 2013 Tangiers Petroleum executes a farm-out agreement for two Australian exploration permits located in the Bonaparte Basin.
Pan Orient Notes Production Testing Progress at L53 Appraisal
Tuesday, May 21, 2013 Pan Orient Energy Corp. announced that the L53-DC3 appraisal well is currently on a 90 day production test producing 15 degree API oil.
Santos Starts Up Production at Fletcher Finucane Offshore AU
Monday, May 20, 2013 Santos commences oil production on an Australian development ahead of schedule.
Pertamina CEO Most Likely to Head Indonesia Investment Body
Monday, May 20, 2013 PT Pertamina's Chief Executive is front runner to head Indonesia's Coordinating Board for Investment, according to sources.
Talisman Brings HST, HSD Development Online
Monday, May 20, 2013 Eighteen months after receiving project sanction, Talisman Energy brings the HST, HSD project online.
Japan Pledges $2 Billion for African Projects
Sunday, May 19, 2013 Japan is pledging $2 billion for energy and mineral projects in Africa as it seeks to catch up with years of Chinese investment.
Smart HR Management Key to Weathering Resources' Sector-Perfect Storm
Friday, May 17, 2013 Successful recruitment and staff retention has become more vital to the success to resources sector operators than ever before, the recent HR Leaders Resources Summit on the Gold Coast was told.
Salamander Pens PSC for Central Kalimantan Licenses
Thursday, May 16, 2013 Salamander signs Production Sharing Contracts (PSC) for the Northeast Bangkanai and West Bangkanai license areas.
NZ O&G Farms Into Canterbury Basin Permit
Thursday, May 16, 2013 New Zealand Oil & Gas acquires a 50-percent interest in an exploration permit for the Canterbury basin, offshore New Zealand.
ConocoPhillips Awards FMC with Bayu Undan Phase III Contract
Wednesday, May 15, 2013 FMC is contracted to supply subsea equipment for the Bayu Undan gas and condensate field in the Timor Sea.
Indonesia Offers Incentives to Invest in New Projects
Wednesday, May 15, 2013 Indonesia is looking to increase investment in new oil and gas projects via incentives.
Second DST Test Successfully Completes Lengo Appraisal
Tuesday, May 14, 2013 KrisEnergy and AWE continue to drill the Lengo-2 appraisal well which may prove to be a commercial success.
Statoil Farms into BP's South Australian Licenses
Tuesday, May 14, 2013 Statoil farms into four exploration licenses operated by BP offshore South Australia.
PetroChina Withdraws Bid for Australian Gas Producer
Tuesday, May 14, 2013 PetroChina confirms it withdrew a bid for an Australian coal-bed methane gas producer but said it would continue to invest in other Australia projects because of their commercial value and importance for energy security.
Thailand: PTTEP Keen to Tap Shale Gas
Monday, May 13, 2013 PTTEP is looking to invest in North America's shale gas through a joint investment with strategic partners, Bangkok Post reports.
Papua New Guinea Draws Energy Interest
Friday, May 10, 2013 Foreign governments are boosting efforts to win influence in PNG, with Australia deepening economic and defense ties with the impoverished South Pacific nation.
Clearer Resource Law to Boost NZ Oil Gas Exploration
Friday, May 10, 2013 New Zealand's government expects a new law governing resource extraction to attract more interest from foreign oil and gas explorers.
Modularization: The Key to Future LNG Developments
Tuesday, May 07, 2013 Woodside's head of technology says modularization and disruptive technologies will be key in reducing the costs of its future LNG developments.
TAG Oil Drills Ahead at New Zealand Well
Tuesday, May 07, 2013 TAG Oil Ltd. reported that drilling of TAG's 100 percent-controlled Ngapaeruru-1 exploration well is drilling ahead, and has encountered elevated mud gas readings.
PetroVietnam Seeks Partners at Home, Abroad for Oil, Gas Development
Tuesday, May 07, 2013 PetroVietnam seeks partners to expand its oil and gas production at home and abroad as the country looks to expand its energy production to meet its growing economy.
Production to Start Soon at Hai Su Trang
Sunday, May 05, 2013 Petrovietnam reports that production is to start next week at the Hai Su Trang field, offshore Vietnam.
Otto Energy Embraces KUFPEC in Galoc JV
Friday, May 03, 2013 Otto Energy Limited announced that Kuwait Foreign Petroleum Exploration Company has become a partner in the Galoc joint venture.
New Wells to Pump Up Maari Profits
Friday, May 03, 2013 Oil production from Taranaki's offshore Maari field picks up in the March quarter after interruptions during the December quarter, as partners prepare for the big second phase of field development later this year.
Cendor Has 16 Times More Oil Than Previously Thought
Thursday, May 02, 2013 Petronas reports that its Cendor field contains more than 16 times the oil originally estimated in 2011.
Seadrill Finalizes SapuraKencana Sale
Tuesday, April 30, 2013 Seadrill and SapuraKencana complete the previously announced transaction pursuant to the conditional SPA.
Woodside Mulls Shell FLNG Concept for Browse
Tuesday, April 30, 2013 Australia's Woodside Petroleum is looking at Royal Dutch Shell's FLNG concept as a fast way to develop the Browse field, offshore Western Australia.
NZ Seeks Bids for Second Lot of Oil, Gas Exportation Permits
Sunday, April 28, 2013 New Zealand's second ever offer of onshore and offshore oil and gas exploration permits opens for bidding May 24, Energy and Resources Minister Simon Bridges says.
Rig Masters Clinches Contract Win for Coastal Energy
Friday, April 26, 2013 Rig Masters announces it has been awarded the contract to provide project management services for Coastal Energy for the Energy Producer 5 and Energy Producer 6.
Australia to Ban Shale Mining Under Great Barrier Reef
Thursday, April 25, 2013 Mining for shale oil under the Great Barrier Reef is likely to be banned by Australia's government, according to report.
Ice Gas: A Step Closer to Commercial Production
Wednesday, April 24, 2013 Could methane hydrate, or "ice gas", succeed shale gas as a source of cheap energy?