Production News for Austral-Asia


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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.

Gas Starts Flowing from BP's New Fields Offshore Trinidad and Australia
Monday, August 14, 2017 BP has started producing gas from two new projects offshore Trinidad and Tobago and Australia, the company said, further boosting output that is helping the company to turn a corner after a bruising market downturn.

Japan's Cosmo Expects Abu Dhabi's Hail Oilfield Startup In October
Thursday, August 10, 2017 Japan's Cosmo Energy Holdings says the offshore Hail oilfield in Abu Dhabi is set to start production in October.

Woodside Faces Delay On Senegal Oil Project Over Ownership Row
Thursday, June 08, 2017 A dispute between 2 Australian energy companies escalates, potentially delaying a promising oil project off Senegal which was due to start producing as early as 2021.

Woodside Aims To Decide On Browse Gas Development In 2019
Tuesday, May 23, 2017 Woodside Petroleum plans to make a final investment decision on its Browse gas development off Australia's west coast in 2019.

Chevron Shuts First Gorgon LNG Export Plant Unit For Around A Month
Monday, May 15, 2017 Chevron Corp has shut the first production line at its giant Gorgon liquefied natural gas (LNG) export plant in Australia and expects the outage to last about a month.

Wooing Investors After Elliott, BHP Boss To Play Up Shale
Friday, May 12, 2017 BHP Billiton Chief Executive Andrew Mackenzie will tell investors in Barcelona next week that the top global miner can pump more for less out of its unloved shale assets.