Regional News: Austral-Asia

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Minister Plays Down Landowner Threats To PNG LNG Operations
Tuesday, December 06, 2016 Papua New Guinea's petroleum minister on Tuesday played down threats of disruptions to ExxonMobil's $19 billion PNG LNG project due to landowners being unable to buy a stake in the project by the end of this year.

Australia's Origin Energy To Spin Off Oil And Gas Assets In IPO
Monday, December 05, 2016 Origin Energy will spin off its interests in conventional oil and gas fields in an initial public offering.

Gas Producer Santos Needs to Impress as China's ENN Eyes Strategy
Sunday, December 04, 2016 Australian gas producer Santos is expected this week to outline its strategy to pay down debt and cope with weak oil and gas prices.

Subsea 7 Secures Services Contract with Woodside Energy
Friday, December 02, 2016 Oilfield services company Subsea 7 S.A. secures a sizeable contract with Woodside Energy Ltd for the Greater Western Flank Phase 2 Project, offshore Australia.

Cooper Energy CFO Steps Down
Wednesday, November 30, 2016 Australia-focused exploration and production company Cooper Energy announced Wednesday that its chief financial officer Jason de Ross will be resigning Dec. 9.


Australia Takes Aim At Oil And Gas Industry In Tax Review
Wednesday, November 30, 2016 Australia is targeting the oil and gas industry for a tax review ahead of next year's budget, in a push to boost revenue after a sharp slump over the past 3 years and collect more from multinational giants.

Chevron Temporarily Halts Production Unit At Australia LNG Plant
Wednesday, November 30, 2016 Chevron Corp temporarily halts output from one of the 2 production units at its Gorgon liquefied natural gas (LNG) plant off Australia's west coast.

Australia Watchdog Says North West Shelf Gas Venture Underpaying Royalties
Monday, November 28, 2016 The North West Shelf joint venture cut royalties it owed by claiming more than $3.7 billion in deductions, some of which weren't valid, a government watchdog says.

Woodside Moving Forward With Browse, Scarborough Projects At Similar Pace
Thursday, November 24, 2016 Woodside Petroleum is moving forward with its Scarborough area gas fields and its delayed Browse liquefied natural gas (LNG) project at a similar rate.

OMV Finds Crack in Maari Platform, Ceases Production
Thursday, November 24, 2016 The operator of the Maari oil-field, OMV New Zealand, has ceased oil production and is de-manning the Maari wellhead platform as a precautionary measure.

IEA Expects Oil Investment To Fall For Third Year In 2017
Thursday, November 24, 2016 Investment in new oil production is likely to fall for a third year in 2017 as a global supply glut persists.

China To Invest $268M In Chongqing Shale Gas Project
Wednesday, November 23, 2016 China will invest 1.85 billion yuan to develop a shale gas project in Chongqing with an annual production capacity of 2 billion cubic meters in 3 to 5 years.

Singapore's SGX, Japan's TOCOM To Jointly Develop Asian LNG Market
Tuesday, November 22, 2016 Singapore Exchange and Japan's Tokyo Commodity Exchange sign a memorandum of understanding to jointly develop Asia's liquefied natural gas (LNG) market.

Armour Energy Agrees Investment Terms
Monday, November 21, 2016 Armour Energy Limited agrees terms with M.H. Carnegie & Co Pty Ltd for a staged investment of up to $17.5 million worth of convertible notes.

China's Flurry Of Gas Measures To Lift Investment, Third-Party Access
Wednesday, November 16, 2016 Sweeping moves by China to boost transparency in the natural gas sector will encourage private investment in pipelines and terminals, industry experts say.

China Oct Crude Oil Output Down 11.3% On Year
Monday, November 14, 2016 China's October crude oil production was down 11.3% from the same period last year to 16.05 million tons, or 3.78 million barrels per day, data from the statistics bureau showed.

Mitra Closes Stag Oilfield Acquisition
Monday, November 14, 2016 Mitra Energy Inc. confirms that Jadestone Energy (Australia) Pty Ltd, a wholly owned subsidiary of Mitra, has closed the acquisition of the Stag oilfield, located offshore Western Australia.

ICE Proposes Limit On Dubai Oil Futures Positions In 2017
Monday, November 14, 2016 Intercontinental Exchange Inc has proposed limiting the size of positions investors can hold next year when trading Dubai futures, a document issued by the exchange to its members showed.

Central Petroleum Rejects $57M Macquarie Bid, Invites Higher Offer
Sunday, November 13, 2016 Australian oil and gas firm Central Petroleum rejects a $57-million takeover bid from finance group Macquarie.

Japan Passes Law To Allow JOGMEC To Invest In Foreign Oil, Gas Firms
Friday, November 11, 2016 Japan's parliament passes a bill to allow state-run JOGMEC to participate in purchases of foreign oil and gas companies by Japanese firms or buy into foreign state-owned oil companies on its own.

Queensland Government Releases 2 New Exploration Areas
Friday, November 11, 2016 Australia's Queensland Government releases 2 new prospective areas for petroleum and gas exploration in Queensland's Bowen and Surat basins.

Indonesia's Bontang LNG Plant Expects 10% Decline In 2017 Output
Friday, November 11, 2016 Indonesia's Bontang LNG plant expects its output of liquefied natural gas to decline by up to 10% in 2017.

Polarcus Secures Data Acquisition Project in Asia Pacific
Friday, November 11, 2016 Dubai-based marine geophysical company Polarcus Ltd. announced Friday that it has been awarded a contract for a broadband 3D marine seismic project in Asia Pacific.

Norway's Statoil Says To Close Down Its R&D Office In Beijing
Wednesday, November 09, 2016 Norway's Statoil has decided to close down its Beijing-based research and development department as part of ongoing cost cuts.

Sinochem Names Zhang Wei As General Manager
Monday, November 07, 2016 China has appointed Zhang Wei as general manager of oil and chemicals conglomerate Sinochem, said the state-owned company in a statement on Monday.