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Regional News: Austral-Asia

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Oil Search to Cut Spending to Cope with Crash of Crude Price
Thursday, January 29, 2015 Papua New Guinea oil and gas producer Oil Search, which tripled production in 2014, is now looking to cut spending in the wake of the near 60 percent drop in crude prices since June.

Buru Energy Continues Drilling at Sunbeam 1 Well in WA's Permit EP 129
Thursday, January 29, 2015 Buru Energy provides update on drilling operations at Sunbeam 1 well in permit EP 129 in Western Australia.

Beach Energy Cuts Capex in 2H FY15 by $43M Due to Lower Oil Prices
Thursday, January 29, 2015 Beach Energy reduces its capital expenditure for second half of financial year 2015 by $43 million to $339-371 million as a result of lower oil prices.

Australia State Suspends AGL's Fracking License, Banned Chemicals Found
Wednesday, January 28, 2015 An Australian state government suspends AGL Energy's license to operate a pilot coal seam gas field after banned chemicals were found in water supplies.

Buru Energy Spuds Sunbeam 1 Well in Permit EP 129 in Canning Basin
Wednesday, January 28, 2015 Buru Energy spuds Sunbeam 1 exploration well in permit EP 129 in the Canning Basin, Western Australia.


Octanex Drops Claim on Onshore Derby Block in WA's Canning Basin
Wednesday, January 28, 2015 Octanex drops claim on onshore Derby Block in Western Australia's Canning Basin.

MEO Australia Appoints Peter Stickland as MD/CEO, Succeeds Jurgen Hendrich
Wednesday, January 28, 2015 MEO Australia appoints Peter Stickland as managing director and CEO, succeeding Jurgen Hendrich.

Santos Registers Record Sales Revenue of $874M in 4Q 2014, Up 2% YOY
Friday, January 23, 2015 Santos' sales revenue reaches a record $874 million in the fourth quarter of 2014, up 2 percent from last year.

MEC Updates on Operations at Bonaparte Basin, Sydney Basin in Australia
Friday, January 23, 2015 MEC Resources updates on operations by the firm's unit, Advent Energy, at the onshore Bonaparte Basin and offshore Sydney Basin in Australia.

Cue Energy Talks About Impact of Low Oil Price, NZOG's Involvement in Firm
Friday, January 23, 2015 Cue Energy informs shareholders about the impact of the sharp fall in oil price on the company and the emergence of New Zealand Oil and Gas as a major shareholder in the firm.

Gardline-CGG Bags Deal from Spectrum for 2D Seismic Survey Off WA
Friday, January 23, 2015 Gardline-CGG joint venture bags contract from Spectrum for a 2D multi-client marine broadband seismic survey offshore Western Australia.

Empire Raises Red Gully B Sand Gas Reserves in Northern Perth Basin by 46%
Thursday, January 22, 2015 Empire Oil & Gas raises the Red Gully B Sand gas and condensate reserves in Northern Perth Basin, Australia by 46 percent.

SKILLED Spurns Merger Proposal from Programmed Maintenance Services
Thursday, January 22, 2015 Australia's SKILLED Group spurns merger proposal from Programmed Maintenance Services.

Buru Updates on WA Operations, Including Damaged Valve at Yulleroo Project
Wednesday, January 21, 2015 Buru Energy provides update on operations in Western Australia, including the commencement of work to replace the damaged valve at Yulleroo 2 well.

Chevron Inks Gorgon LNG Supply Agreement with SK LNG Trading
Wednesday, January 21, 2015 Chevron inks agreement to supply 4.15 million tons of liquefied natural gas from the Gorgon project offshore Western Australia to SK LNG Trading.

Icon Updates on Stimulation, Flow Testing Program in ATP 855 in Queensland
Wednesday, January 21, 2015 Icon Energy updates on the stimulation and flow testing program in permit ATP 855 in the Cooper-Eromanga Basin in Queensland, Australia.

Origin to Assess Development Options for Speculant-1 Well in Otway Basin
Wednesday, January 21, 2015 Origin Energy prepares to suspend Speculant-1 exploration well in Otway Basin, offshore Australia as it assesses development options for the gas discovery.

Australia Prepares for Growing Challenges as Market Environment Evolves
Tuesday, January 20, 2015 With Australia's oil and gas industry now at a crossroad, Rigzone talks to several industry experts to gauge their reaction to the emerging market conditions.

UIL Energy Identifies New Leads at its Perth Basin Permits in WA
Tuesday, January 20, 2015 UIL Energy identifies new conventional leads at its Perth Basin permits in Western Australia.

PNG LNG Project Nears Financial Completion, Ends 120-Day Operational Test
Tuesday, January 20, 2015 Oil Search discloses that the PNG LNG Project has successfully completed the 120-day operational test, moving the development towards financial completion.

MEO Tells Shareholders to Wait for its Recommendation on Mosman's Takeover
Tuesday, January 20, 2015 MEO Australia advises shareholders to refrain from acting on Mosman Oil and Gas's improved takeover offer for the firm pending its formal recommendation.

ExxonMobil PNG Receives License to Develop P'nyang Field in PNG
Monday, January 19, 2015 ExxonMobil PNG receives petroleum development license for P'nyang field in Papua New Guinea.

Armour Energy Adds 2 Tenements to Boost its Presence in Queensland
Friday, January 16, 2015 Armour Energy increases its tenements in Queensland, Australia after succeeding in the tender for ATP 1087 and ATP(A) 1107.

Horizon Oil Deems Results of Nama-1 Well in PNG's PPL 259 Non-Commercial
Friday, January 16, 2015 Horizon Oil reveals that the Nama-1 exploration well in permit PPL 259 in Papua New Guinea is not deemed to be commercially productive.

APPEA Seeks New Chief Executive as David Byers Resigns to Join BHP Billiton
Friday, January 16, 2015 The Australian Petroleum Production & Exploration Association is recruiting a new chief executive after David Byers resigned to join BHP Billiton.

DMP Assists Police in Yulleroo 2 Well Gas Leak Probe in Western Australia
Thursday, January 15, 2015 Western Australia's Department of Mines and Petroleum is assisting the police in Broome with their investigations to identify the persons who may have damaged Buru Energy's gas well in the state.

Woodside's 4Q 2014 Sales Revenue Up 6.9% to $1.76B, May Cut Capex for 2015
Thursday, January 15, 2015 Woodside posts a 6.9% increase in sales revenue to $1.762 billion for the fourth quarter of 2014, with the firm weighing the impact of lower oil price on capital expenditure.

Kea Shuts in Production at Puka Site in NZ's Onshore Taranaki Basin
Thursday, January 15, 2015 Kea Petroleum shuts in production at its Puka site in PEP 51153 in New Zealand's onshore Taranaki Basin.

Russell: LNG Buyers Should be Wary of Getting What They Want
Thursday, January 15, 2015 Asian buyers of liquefied natural gas may come to view the plunge in oil prices as a case of be careful what you wish for, as you may get it.

CGG Bags Contracts from InterOil for Geophyiscal Survey Projects in PNG
Wednesday, January 14, 2015 CGG bags contracts from InterOil for geophysical survey projects in Papua New Guinea.

Linc Energy Drills Eba 1 Well in PEL 121 in Arckaringa Basin in SA
Wednesday, January 14, 2015 Linc Energy drills the Eba 1 vertical exploration well in PEL 121 in the Arckaringa Basin in South Australia.

Senex's Latest Drilling in SA's Cooper-Eromanga Basin Fails to Excite
Wednesday, January 14, 2015 Senex Energy fails to find commercial quantities of oil in its financial year 2015 drilling program in South Australia's Cooper-Eromanga Basin.

Strike Updates on Southern Cooper Basin Gas Project in SA's PEL 96
Tuesday, January 13, 2015 Strike Energy updates on the production testing program at its Southern Cooper Basin Gas Project in permit PEL 96 in South Australia.

Polarcus Asima Commences Seismic Acquisition in Phoenix Area Off WA
Tuesday, January 13, 2015 Polarcus Asima seismic vessel commences acquisition of seismic data in the Phoenix Area offshore Western Australia.

Pertamina Hulu Energi on Course for Expansion off Indonesia
Tuesday, January 13, 2015 Lower oil prices are unlikely to deter Pertamina Hulu Energi from developing upstream projects off Indonesia, but it plans to keep costs under control.

Matrix Delivers Installation Buoyancy Structure to Heerema for LNG Project
Monday, January 12, 2015 Matrix Composites & Engineering delivers an installation buoyancy structure to Heerema Marine Contractors for a liquefied natural gas project offshore Western Australia.

Polarcus Receives Commitment for 3D Seismic Project in Australasia
Thursday, January 08, 2015 Polarcus receives a commitment for a 3D marine seismic acquisition project in Australasia.

NZEC Changes Company Structure, Updates on Working Capital, Production
Thursday, January 08, 2015 New Zealand Energy Corp. provides an update on the company structure, working capital and production operations.

Buru Energy to Repair Damaged Valve at WA's Yulleroo Gas Project
Thursday, January 08, 2015 Buru Energy to repair damaged valve at the Yulleroo gas project in Western Australia following a minor gas leak.

Octanex Agrees to Extend Timeline for Peak Oil & Gas to Repay Debt
Wednesday, January 07, 2015 Australia's Octanex agrees to extend the timeline for debt repayment by Peak Oil & Gas.

Oil Reserves at Tui Fields Offshore NZ Raise After Pateke-4H Well Review
Tuesday, January 06, 2015 Pan Pacific Petroleum reports higher reserves at Tui Area Oil Fields offshore New Zealand after a review of the Pateke-4H well in petroleum mining permit 38158.

Rey Resources Terminates Deal to Acquire 50% Interest in EP 487 in WA
Monday, January 05, 2015 Rey Resources terminates a planned acquisition of a 50 percent interest in permit EP 487 in Western Australia's Canning Basin.

Decmil Clinches $53M Wellsite Installation Services Deal for QCLNG Project
Monday, January 05, 2015 Decmil clinches a $52.6 million contract to provide wellsite installation services to QGC for the Queensland Curtis liquefied natural gas project in Australia.

Halliburton Opens New Facility in South Australia
Wednesday, December 31, 2014 Halliburton opens a new facility at Regency Park in South Australia to service customers in the country, including those working in the Cooper Basin.