Production News for Austral-Asia


Results 22 articles shown

Saudi Cuts Oil Output As OPEC Points To 2019 Surplus
Monday, August 13, 2018 OPEC forecast lower demand for its crude next year as rivals pump more and said top oil exporter Saudi Arabia, eager to avoid a return of oversupply, had cut production.

OPEC Oil Output Climbs as Saudi Arabia Pumps Near Record
Thursday, August 02, 2018 OPEC's crude output increased last month as Saudi Arabia pumped near-record volumes.

Reuters Survey: OPEC July Oil Output Hits 2018 Peak, But Outages Weigh
Monday, July 30, 2018 OPEC oil output has risen this month to a 2018 high as Gulf members pumped more after a deal to ease supply curbs and Congo Republic joined the group, a Reuters survey found.

Australia's Ichthys LNG Project Comes Online
Monday, July 30, 2018 Inpex Corporation announces Monday that its operated Ichthys LNG project has commenced the production of gas from its wells.

Analysts: New Zealand Crude Oil Output Poised to Decline
Friday, July 27, 2018 New Zealand's crude oil production is poised to decline over the coming years, according to oil and gas analysts at BMI Research.

Chevron Awards Gorgon Subsea Contract
Thursday, July 26, 2018 The subsea installation will take place in water depths ranging from 250 to 1,340 meters.

Inpex: Ichthys LNG Project Preparing for Production Start-Up
Wednesday, July 11, 2018 Inpex Corporation (Inpex) announces that its operated Ichthys LNG project is preparing for production start-up.

Chevron Awards BHGE Contracts for Next Gorgon Phase
Tuesday, June 26, 2018 The new equipment will facilitate a second development phase within the Greater Gorgon area offshore northwestern Australia.

Saudi Aramco CEO Says Has 2 Million Barrels Per Day Of Spare Capacity
Monday, June 25, 2018 Oil giant Saudi Aramco says it has a spare capacity of 2 million barrels per day and can meet additional oil demand in case of any interruption in supplies.

Sources: US Asks OPEC Producers To Pump More Oil, No Specific Figure
Tuesday, June 05, 2018 The US government has unofficially asked Saudi Arabia and some other OPEC producers to raise oil output.

Russia State Oil Firm Starts Drilling At New Well Offshore Vietnam
Tuesday, May 15, 2018 A unit of Russian state oil firm Rosneft has started drilling at a new production well in waters off the southern coast of Vietnam.

OPEC's Reason for Sticking With Cuts Rests on Shaky Ground
Wednesday, May 02, 2018 OPEC and Russia seem determined to keep on cutting production even after their campaign to rebalance world oil markets achieved its main target.

UAE Says Most Countries In Oil Cut Deal Like Idea Of Long-Term Alliance
Thursday, April 12, 2018 A majority of the OPEC and independent oil producers participating in a current deal to cut supply like the idea of a long-term producers' alliance, the energy minister of the United Arab Emirates says.

Oil Search Resumes Operations At Kutubu Complex In Papua New Guinea
Tuesday, April 03, 2018 Australia's Oil Search Ltd says operations have resumed at a facility closed in the wake of a major earthquake in Papua New Guinea in February.

Down Is Up as Aging Oil Fields Defy Gravity to Pump More
Friday, March 09, 2018 Bob Dudley has never seen anything like what happened with BP's old fields last year: They gushed more crude.

IEA: Surge In Global Oil Supply May Overtake Demand In 2018
Tuesday, February 13, 2018 The rise in global oil production, led by the US, is likely to outpace growth in demand this year, IEA says.

ExxonMobil's Reserves Jump 19% On Growth In US Shale, UAE
Friday, February 09, 2018 ExxonMobil says its oil and gas reserves surged 19% last year, thanks to growth in US shale, the United Arab Emirates and Guyana.

Santos Expects Regulator Decision On Aus Gas Project In Late 2018 At Best
Thursday, November 09, 2017 Santos Ltd expects a decision from state regulators on whether to approve its long delayed Narrabri gas project in Australia in late 2018 or early 2019.

Indonesia's Pertamina To Spend $700MM On Mahakam Oil, Gas Block Next Year
Thursday, November 02, 2017 Pertamina plans to spend $700 million on the upkeep of its offshore Mahakam oil and gas block next year to maintain production.

Senex Wins Australia Gas Field, Aims To Start Producing In 2019
Tuesday, September 05, 2017 Senex Energy says it won the right to develop a new gas field in the state of Queensland and aimed to make its first delivery from the site within two years.

State TV: ExxonMobil Vietnam Gas Project Could Start In November
Tuesday, August 29, 2017 ExxonMobil's Blue Whale gas project, Vietnam's biggest, could start in November.

ConocoPhillips Looks to Backfill for Darwin LNG
Tuesday, August 22, 2017 Chris Wilson, President Australia West, ConocoPhilips, says Darwin LNG has promising options for backfill and expansion opportunities.