Regional News: Austral-Asia

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Finder Sells Entire Acreage Holding Off WA to Quadrant Energy Australia
Tuesday, May 03, 2016 Finder Exploration sells its entire acreage holding in the Bedout Sub-basin off Western Australia to Quadrant Oil Australia.

Falcon Outlines Drilling Plans for its Australia's Beetaloo Basin Assets
Friday, April 29, 2016 Falcon Oil & Gas outlines plans for drilling at its Beetaloo Basin assets in Australia's Northern Territory.

Great Australian Bight May Generate $765M in N/T Exploration Spending
Friday, April 29, 2016 Australia's APPEA says the industry may spend more than $765 million on near-term exploration work if current plans to develop the Great Australian Bight resources were approved.

Australia's 3D Oil to Farm Out Stakes in T/49P Permit in the Otway Basin
Thursday, April 28, 2016 Australia's 3D Oil provides a quarterly update on its local upstream activities, including a plan to farm out interest in its T/49P permit in the Otway Basin off Tasmania.

Beach Energy Makes $31M in Annual Savings Through Merger with Drillsearch
Wednesday, April 27, 2016 Australia's Beach Energy reports further annual cost savings of $31 million through its merger with Drillsearch Energy.


Shareholders Reject Sona Petroleum's Acquisition of WA's Stag Oilfied
Wednesday, April 27, 2016 Sona Petroleum's shareholders vote overwhelmingly against the company's proposed acquisition of Stag Oilfield located off Western Australia for $25 million.

Empire Completes Testing Program at RGN-1 Well in WA's Permit EP 389
Tuesday, April 26, 2016 Empire Oil & Gas completes testing program at Red Gully North-1 discovery in permit EP 389 in Western Australia.

Bumi Armada Files Claim for $284M Over Woodside's FPSO Contract Termination
Friday, April 22, 2016 Bumi Armada files claim for $283.5 million in Western Australia's Supreme Court after Woodside terminated the contract for the Armada Claire FPSO.

Australia Watchdog Looks To End ExxonMobil, BHP Joint Gas Sales
Friday, April 22, 2016 Australia's competition watchdog wants to break up a marketing joint venture between ExxonMobil and BHP Billiton to help boost competition in the eastern Australian gas market, it says.

Empire, AEGP Still in Talks to Close Deal for NT Petroleum Tenements
Friday, April 22, 2016 Empire Energy and AEGP are still in talks to close deal for the farmout of the former's Northern Territory petroleum tenements in Australia.

Santos Quarterly Revenue Steady As LNG Output Ramps Up
Friday, April 22, 2016 Santos reports a 1% rise in 1Q revenue as it stepped up coal seam gas sales to its Gladstone LNG plant, offsetting a collapse in oil and gas prices.

NZOG Reports 15.3% Rise in Developed Reserves in Kupe Field Off Taranaki
Thursday, April 21, 2016 New Zealand Oil & Gas reports a 15.29 percent rise in developed reserves in the Kupe oil and gas field off Taranaki, New Zealand.

Welldog Bags $27.3M Contracts with CSG Operators in Australia
Thursday, April 21, 2016 WellDog inks multi-year deals, worth $27.3 million, with coal seam gas firms operating in the Surat and Bowen Basins in Queensland, Australia.

Woodside's 1Q 2016 Sales Revenue Down 30.3% to $982M
Wednesday, April 20, 2016 Woodside posts a 30.3 percent decline in sales revenue for the first quarter of 2016 to $982 million, with the fall due largely to low oil and gas prices.

WA DMP Approves Pilot Energy's Acquisition of Stake in EP437 Permit
Wednesday, April 20, 2016 Western Australian Department of Mines & Petroleum approves Pilot Energy's acquisition of an interest in the state's EP437 exploration permit.

Jacobs Bags Contract to Join Woodside's Engineering Services Panel
Wednesday, April 20, 2016 Jacobs Engineering bags a contract from Woodside to join a panel to provide engineering services for the latter's onshore and offshore assets in Australia.

Papua New Guinea LNG Projects See Opportunity In Tough Market
Tuesday, April 19, 2016 As LNG producers despair over a supply glut, two projects in Papua New Guinea are pressing on in a bid to sign off on new developments by 2018.

Buru Updates on Resources Review for Canning Basin's Permit EP 371 in WA
Tuesday, April 19, 2016 Buru Energy gives an update on an independent resources review for exploration permit EP371 in Western Australia's Canning Basin.

Chevron Signs Up Australia's Alinta To Buy Gas From Wheatstone
Tuesday, April 19, 2016 Chevron agrees to sell 20 petajoules a year of gas from its Wheatstone project to Alinta Energy in Western Australia starting in 2020, securing a customer for more than a quarter of the domestic gas output from Wheatstone.

Empire O&G Updates on Testing Ops at RGN-1 Discovery in WA
Tuesday, April 19, 2016 Empire Oil and Gas updates on testing operations at the Red Gully North-1 discovery in permit EP 389 in Western Australia.

New Guinea Energy Acquires Stake in Karoon Gas Australia
Monday, April 18, 2016 Papua New Guinea-focused New Guinea Energy acquires a $2.72 million percent stake in Karoon Gas Australia.

Australia State Bans Underground Coal Gas Drilling
Monday, April 18, 2016 Australia's Queensland state bans underground coal gasification, a process used to convert coal into gas.

Beach Energy to Withdraw from the JV for BMG Gas Fields Off Gippsland
Friday, April 15, 2016 Beach Energy reveals plans to withdraw from the joint venture for the Basker, Manta and Gummy gas fields offshore Gippsland, Australia.

Australia's FAR Raises $45.3M to Fund Offshore Senegal Oil Project
Friday, April 15, 2016 Australia's FAR raises $45.3 million to fund its offshore Senegal oil project.

MEO Australia Optimistic About Beehive Prospect in WA's Bonaparte Basin
Thursday, April 14, 2016 MEO Australia is optimistic about the Beehive prospect in Bonaparte Basin, offshore Western Australia based on a seismic reprocessing and inversion study currently underway.

PETRONAS Urges LNG Players to Strive for a More Equitable Relationship
Thursday, April 14, 2016 PETRONAS urges liquefied natural gas players to strive for a more equitable relationship in the current oversupplied market to ensure the continuity and sustainability of the business.

NOPTA Approves Cue's WA-359-P Work Program Suspension, Extends Permit Term
Thursday, April 14, 2016 The National Offshore Petroleum Titles Administrator approves Cue Energy's request to suspend the work program for WA-359-P off Western Australia and extend the permit term.

Advent Contracts Vessel for 2D Seismic Survey in PEP11 in Sydney Basin
Thursday, April 14, 2016 Advent Energy contracts vessel to perform 2D seismic survey in PEP11 in the Sydney Basin, offshore Australia.

Elk Petroleum Names Former Drillsearch Executive David Evans as COO
Wednesday, April 13, 2016 Australia's Elk Petroleum names former Drillsearch Energy executive David Evans as chief operating officer.

Total, KOGAS Sign MoU to Reinforce Cooperation on LNG
Wednesday, April 13, 2016 Total signs a memorandum of understanding with Korean Gas Corp. to reinforce cooperation throughout the liquefied natural gas value chain.

Empire Updates on Completion & Testing Program at RGN-1 Discovery in WA
Wednesday, April 13, 2016 Empire Oil & Gas updates on completion and testing program at Red Gully North-1 discovery in permit EP 389 in Western Australia.

GE Oil & Gas Begins Production of Flexible Risers for Prelude FLNG
Tuesday, April 12, 2016 GE Oil & Gas begins production of flexible risers for the Prelude floating liquefied natural gas facility to be deployed off Western Australia.

Transerv Completes Production Cycling Test of Warro-6 in WA's Permit RL-7
Tuesday, April 12, 2016 Transerv Energy completes production cycling test of Warro-6 well in permit RL-7 in Western Australia.

Woodside Inks Contract for Australia's First LNG-Powered Support Vessel
Tuesday, April 12, 2016 Woodside inks a five-year charter contract with Siem Offshore for Australia's first liquefied natural gas-powered marine support vessel to be delivered in 2017.

Woodside, KOGAS Ink MoU to Extend Partnership
Monday, April 11, 2016 Woodside and Korean Gas ink a memorandum of understanding to extend their partnership.

Metgasco Looks at New Business, Completing Sale of Northern Rivers Acreages
Monday, April 11, 2016 Metgasco looks at new business opportunities after almost completing the sale of its Northern Rivers acreages in New South Wales, Australia.

Chevron Sees Australia's Gorgon Project Train 1 Restarting in 30-60 Days
Wednesday, April 06, 2016 Chevron Australia expects to restart production from Train 1 of the Gorgon Project on Barrow Island, Western Australia within 1 to 2 months after shutting it down due to mechanical issues.

Empire O&G to Commence Testing Program at RGN-1 Well in Perth Basin Soon
Wednesday, April 06, 2016 Empire Oil & Gas expects testing program at Red Gully North-1 discovery in permit EP389 in Perth Basin, Western Australia to commence later this week.

Carnarvon Gains 100% Stake in Permit WA-521-P in Western Australia's NWS
Wednesday, April 06, 2016 Carnarvon Petroleum secures 100 percent interest in exploration permit WA-521-P, located on Western Australia's North West Shelf.

AWRA: Flexibility Key to Lifting Gender Diversity in Australian Oil, Gas
Wednesday, April 06, 2016 Australia's oil and gas industry has historically been male-dominated, but the Australian Women in Resources Alliance has produced a guide to improve gender diversity locally.

Australia's Clough Bags 2 Engineering Services Contracts
Wednesday, April 06, 2016 Australia's Clough bags 2 engineering services contracts, including one from Woodside.

Wood Group Acquires Australia's SVT Engineering Consultants
Wednesday, April 06, 2016 Wood Group acquires Australia-based SVT Engineering Consultants.

Transerv Recommences Testing of Warro-6 Well in WA's Permit RL7
Tuesday, April 05, 2016 Transerv Energy recommences testing of Warro-6 well in Warro gas field in permit RL-7 in Western Australia.