Friday, 3 February 2012

Shell on the growth path (Friday, 3 February 2012) DESPITE expecting continued volatility in the global economy and energy markets, oil giant Shell has announced ambitious growth plans to boost cash flow up to 50% in the next four years. Full Story... Personnel Movements: Searcher gets expansion support (Friday, 3 February 2012) MILLER, Hegelsen, Seracher Seismic; Heseltine, Sino Gas & Energy; Lane, Tamboran Resources; Mathew,Palanyk, Exoma Energy; Scott, PetroFrontier; Nelson, Martin, Sundance Energy Full Story... How Beach became a trailblazer in shale gas Exclusively for Premium Subscribers (Friday, 3 February 2012) GLENAIRE-1 near Mt Gambier, South Australia, barely rated a mention in Beach Energy’s 2007 annual report. Full Story... Personnel Movements: Sino gets diplomatic (Friday, 3 February 2012) HESELTINE, Sino Gas & Energy; Lane, Tamboran Resources; Mathew,Palanyk, Exoma Energy; Scott, PetroFrontier; Nelson, Martin, Sundance Energy; Miller, Hegelsen, Searcher Seismic Full Story... NZ to be net exporter by 2030 (Friday, 3 February 2012) THE Ministry of Economic Development forecasts New Zealand could become a net exporter of petroleum by 2030 if enough discoveries are made and brought onstream. Full Story... ANALYST WRAP: Punts of the week (Friday, 3 February 2012) IN THIS wrap-up of analysts’ reports, Roc is not to be ignored, Horizon is to outperform while worries persist about Nexus’ Longtom reserves. Full Story... Coretrack’s Strange problem (Friday, 3 February 2012) CORETRACK will sell off subsidiary Globe Drill’s assets ahead of a legal fight with GT3000 rig licensor Strange Investments after it terminated the intellectual property licence agreement. Full Story... Analyst Wrap: Worley set to go one better (Friday, 3 February 2012) WORLEYPARSONS is expected to outperform this year as the outlook for the engineering construction sector remains positive with a vast pipeline of work, particularly in the oil and gas sector. Full Story... CNOOC aims to triple output by 2030 (Friday, 3 February 2012) CHINA National Offshore Oil Corporation has big things in mind, aiming to double its output by 2020 and triple it by 2030 based on 2010 levels. Full Story... Hydratight faces AOG (Friday, 3 February 2012) ENGINEERING services company Hydratight is to unveil a refacing tool for hard-to-reach pipe flanges at this month’s AOG conference. Full Story... Westside spudded (Friday, 3 February 2012) HOPES are high after Oil Search spudded the P’nyang South-1 appraisal well in Papua New Guinea’s Western Province. Full Story... US Update (Friday, 3 February 2012) IN TODAY’S US update: Buccaneer to increase Alaskan reserves; production at Abita-1 to get underway; Antares completes second $10 million drawdown; Durvenay JV bags another sale; Aurora announces pricing of senior notes offering. Full Story... News wrap: PNG LNG, Hot Rock and Mexican fuel thieves (Friday, 3 February 2012) EXXON yet to resume full PNG LNG work post landslide; Hot Rock set to ink biggest geothermal farm-in deal; and Pemex accuses oil majors of selling stolen fuel. Full Story... SMB wins Ichthys mooring contract (Friday, 3 February 2012) DUTCH company SBM Offshore will build and supply a turret mooring system for the Ichthys LNG project worth around $US500 million ($A467 million.) Full Story... News wrap: PNG LNG, Hot Rock and Mexican fuel thieves (Friday, 3 February 2012) EXXON yet to resume full PNG LNG work post landslide; Hot Rock set to ink biggest geothermal farm-in deal; and Pemex accuses oil majors of selling stolen fuel. Full Story...

Thursday, 2 February 2012

Oil to start flowing from PEL 91 (Thursday, 2 February 2012) PRODUCTION from the Bauer and Hanson oil discoveries at PEL 91 in the Cooper Basin will start up in the June quarter, after all four Bauer wells and Hanson-1 were completed for production by Beach Energy. Full Story... Apache snares Burrup share (Thursday, 2 February 2012) APACHE Energy has paid the ANZ Bank $US439 million for a 49% stake in Burrup Holdings Ltd, the owner of an ammonia fertiliser plant in the Burrup region of Western Australia. Full Story... Clough wins $350M Wheatstone work (Thursday, 2 February 2012) THE flow of contracts to Australian companies for Chevron’s Wheastone LNG project is gaining momentum, with Clough securing a $A350 million offshore hook-up and commissioning contract. Full Story... A tale of two fabricators Exclusively for Premium Subscribers (Thursday, 2 February 2012) MARK Taylor, managing director of Darwin-based Fingers Specialised Metal Fabrication is spending a lot of his time lately talking to the media. Full Story... Clough wins $350M Wheatstone work (Thursday, 2 February 2012) THE flow of contracts to Australian companies for Chevron’s Wheastone LNG project is gaining momentum, with Clough securing a $A350 million offshore hook-up and commissioning contract. Full Story... Moore calls it quits (Thursday, 2 February 2012) WESTERN Australian Mines and Petroleum Minister Norman Moore will retire from state parliament in May next year after deciding to not seek pre-selection for the next state election. Full Story... News wrap: Tamboran, US refineries (Thursday, 2 February 2012) A PRIVATELY held Australian company is looking for investors in its Irish shale gas venture; and a tentative contract has averted a US refineries strike. Full Story... With confidence comes cash: Hays (Thursday, 2 February 2012) AUSTRALIAN oilies are the second best paid in the world, according to a new salary survey. Full Story... Wortel taps open (Thursday, 2 February 2012) SANTOS has begun gas production from the $US105 million ($A98 million) Wortel gas field in Indonesia that is expected to drive the company’s production growth this year. Full Story... WorleyParsons set to Improve Shell (Thursday, 2 February 2012) SHELL has awarded Worley Parsons a five-year enterprise framework agreement for work in North America. Full Story... Winchester drilling held up by PTTEP (Thursday, 2 February 2012) THE Santos and Octanex joint venture in the Dampier sub-basin has become the latest to be put out by PPTEP’s longer program at Montara, with the Ensco 109 jack-up rig now expected to be in the JV’s hands in the fourth quarter rather than the third. Full Story... Oil Search chooses BabelFish (Thursday, 2 February 2012) SOFTWARE solutions developer ISS Group has secured a contract to supply production data management for Oil Search. Full Story... Big Blue goes green (Thursday, 2 February 2012) IBM is to lead a global research project that hopes to bring about a “quantum leap” in minimising the environmental impact of oil and gas operations through the development of the world’s first integrated environmental monitoring system. Full Story... QGC takes slice in Drillsearch (Thursday, 2 February 2012) AUSTRALIA’S shale gas lure continues, with BG Group deciding to exercise options to buy a stake in Drillsearch Energy as part of an alliance announced last July. Full Story... Oil to start flowing from PEL 91 (Thursday, 2 February 2012) PRODUCTION from the Bauer and Hanson oil discoveries at PEL 91 in the Cooper Basin will start up in the June quarter, after all four Bauer wells and Hanson-1 were completed for production by Beach Energy. Full Story... Kea kicks off in 2012 (Thursday, 2 February 2012) UK-LISTED Kea Petroleum is about to start its 2012 New Zealand exploration campaign with high hopes that its second well in its onshore Taranaki lease PEP 51153 will encounter commercial oil. Full Story... L&M to begin NZ CSG campaign (Thursday, 2 February 2012) LISTED New Zealand junior L&M Energy is about to kick off its 2012 coal seam gas exploration program with the first of five wells scheduled for its Kaitangata lease south of the Otago city of Dunedin. Full Story...

Wednesday, 1 February 2012

US update (Wednesday, 1 February 2012) IN TODAY’S US update: Texon loses a worker at Peeler; Austin to start production testing at Eagle Ford; Austex gets peak numbers in Oklahoma; Grand Gulf waits on Louisiana drilling; Entek working through Niobrara data; Burleson gets 2P figures in Texas; Range goes steady at North Chapman. Full Story... News wrap: Kogas, Exxon and BP (Wednesday, 1 February 2012) KOREA's Kogas signs up for LNG from the US; Exxon output disappoints; and US federal court asks BP to indemnify Halliburton. Full Story... APA bites back in bidding battle (Wednesday, 1 February 2012) APA Group has hit back at claims its off-market bid for Hastings Diversified Utilities Fund was “opportunistic”, telling Hastings shareholders if it wanted to drive the share price downward so it could make a play, it would have done so when Hastings’ share price was as low as $A1.03. Full Story... Clement’s Asian ambition Exclusively for Premium Subscribers (Wednesday, 1 February 2012) NOT for first time in his career, Bruce Clement is turning to Asia to revive a company’s fortunes. By Paul Garvey in Hong Kong Full Story... Origin takes output hit (Wednesday, 1 February 2012) PLANNED maintenance shutdowns and the dilution of Origin Energy’s interest in the Australia Pacific LNG project has resulted in the company recording a slight drop in production for the December quarter. Full Story... NGE partner talks continue (Wednesday, 1 February 2012) NEW Guinea Energy has received interest from “potential strategic partners” in petroleum prospecting licence 269 which it shares with Talisman Energy in Papua New Guinea’s Western Province and it has also received seismic data acquired by PNG LNG project leaders ExxonMobil and Oil Search. Full Story... Energy Briefs (Wednesday, 1 February 2012) IN TODAY’S briefs: International Petroleum cashes in on investor demand; Central in halt; Cue to evaluate Indonesian well. Full Story... Linc aims for threefold production boost in 2012 (Wednesday, 1 February 2012) LINC Energy will be aiming for production of 5900-7000 barrels of oil per day by year’s end which could net Linc anywhere between $A110 million and $130 million, assuming the oil price stays above $100 per barrel. Full Story... WGIM launches Nexus (Wednesday, 1 February 2012) ENGINEERING and management company Wood Group Integrity Management has launched a software package which could alert workers in the energy sector to emerging issues before they have an impact on safety or production. Full Story... Tap’s revenue plunge (Wednesday, 1 February 2012) TAP Oil’s December quarterly revenue took a 61% hit due to no liftings at the Woollybutt oil field off Western Australia and deferral of third party gas sales. Full Story... Senex gets a little bit bigger in the Cooper (Wednesday, 1 February 2012) SENEX has moved to consolidate its position in the Cooper Basin, taking a 19.9% stake in junior explorer Orca Energy and taking a further 22% interest in PEL 115. Full Story... The British are coming! (Wednesday, 1 February 2012) BRITISH Ambassador for UK Trade and Investment Lord Digby Jones will descend upon this year’s Australasian Oil & Gas Exhibition & Conference, along with 60 UK-based oil and gas companies. Full Story...

Tuesday, 31 January 2012

AWE unfazed by production blip (Tuesday, 31 January 2012) AWE is on track to hit its 2012 financial year production guidance of 5-5.5 million barrels of oil equivalent, despite a 15% drop in production quarter-on-quarter. Full Story... Beach on par to hit production target (Tuesday, 31 January 2012) BEACH Energy’s production for the December quarter remained relatively unchanged but the company says it is on track to meet its 2012 production guidance of 7.5 million barrels of oil equivalent. Full Story... 2MMbbl at Surprise-1 re-entry: RPS (Tuesday, 31 January 2012) THERE could be as much as 2 million barrels of stock tank oil in place for Central Petroleum’s Surprise-1 re-entry well, if RPS Energy is to be believed. Full Story... AWE unfazed by production blip (Tuesday, 31 January 2012) AWE is on track to hit its 2012 financial year production guidance of 5-5.5 million barrels of oil equivalent, despite a 15% drop in production quarter-on-quarter. Full Story... Ichthys bonanza for GE (Tuesday, 31 January 2012) THE flow of contracts for the Ichthys LNG project in Darwin is starting to gain momentum with GE Oil & Gas securing more than $US1 billion ($A944 million) in contracts. Full Story... Thiess wins $260M Wheatstone gig (Tuesday, 31 January 2012) THIESS and its Belgian partner BESIX SA have won a $A260 million contract to develop the breakwater and materials offloading facility at Chevron’s $29 billion Wheatstone LNG project. Full Story... Refiners under pressure as oilies exit downstream Exclusively for Premium Subscribers (Tuesday, 31 January 2012) IT’S a sign of times. Exxon's decision to exit the refining business in Japan comes close on the heels of Petroplus' insolvency in Europe. Full Story... Beach on par to hit production target (Tuesday, 31 January 2012) BEACH Energy’s production for the December quarter remained relatively unchanged but the company says it is on track to meet its 2012 production guidance of 7.5 million barrels of oil equivalent. Full Story... Linc secures $120M (Tuesday, 31 January 2012) LINC Energy has bagged a $A120 million line of credit with an affiliate of Fortress Investment Group, which has over $US40 billion ($A37.76 billion) under management. Full Story... New NZOG chief reveals growth plans (Tuesday, 31 January 2012) OVER the next five years, New Zealand Oil & Gas is aiming to double, or even triple, the number of producing fields it holds stakes in, including some in Indonesia and Tunisia. Full Story... Quarterly briefs: Otto, Carnarvon, Dart, Cooper (Tuesday, 31 January 2012) OTTO Energy’s production figures have been hit by the Galoc field shut-in on November 23 in the Philippines, with the company reporting quarterly production of 104,931 barrels of oil net to Otto, a 46.6% dive on the previous quarter. Full Story... Onaero moves closer to production (Tuesday, 31 January 2012) PRIVATE company Greymouth Petroleum is nearing the end of an extensive testing program of its onshore Taranaki Onaero oil and gas discovery, aiming to install permanent production facilities and link in with the nearby Maui high-pressure gas pipeline. Full Story... Energy Briefs (Tuesday, 31 January 2012) IN TODAY’S briefs: Magellan finds interim Palm Valley gas buyer; Tangiers raises cash for AIM listing; NZOG writes off Pike River investment; Orion to sparkle no more; Sino appoints Argonaut; Oil Basins raises $1.25 million; and Range hits in Trinidad. Full Story... Kuth wins islands contract (Tuesday, 31 January 2012) ASX-listed Kuth Energy has won the right to search for geothermal resources on the tiny chain of islands north of Guam known as Northern Marianas. Full Story... Aurora Algae’s blooming plans for biodiesel Exclusively for Premium Subscribers (Tuesday, 31 January 2012) COULD 2012 be the year for algae, the great green hope for biofuels? It could be if Aurora Algae succeeds with plans to establish a $100 million commercial algae production facility in Karratha in Western Australia this year. Full Story...

Monday, 30 January 2012

News wrap: Exxon, Santos and BP (Monday, 30 January 2012) EXXON to sell its Japanese subsidiary; Santos reiterates commitment to Cooper Basin; US judge rules BP must cover part of Transocean's damages. Full Story... Chevron firms up Gorgon expansion (Monday, 30 January 2012) WHILE Woodside battles to get its Pluto expansion off the ground, Chevron has announced it plans to enter front-end engineering and design studies for a fourth train at its $US37 billion ($A34.8 billion) Gorgon LNG project this year. Full Story... Chevron firms up Gorgon expansion (Monday, 30 January 2012) WHILE Woodside battles to get its Pluto expansion off the ground, Chevron has announced it plans to enter front-end engineering and design studies for a fourth train at its $US37 billion ($A34.8 billion) Gorgon LNG project this year. Full Story... Browse stake speculation rolls on (Monday, 30 January 2012) WOODSIDE has refused to confirm or deny speculation that it is seeking to sell down part of its stake in the Browse joint venture, a move that would widely be interpreted as recognition that it needs third party gas for its Pluto LNG project. Full Story... ANALYST WRAP: punts of the week (Monday, 30 January 2012) IN THIS wrap-up of analysts’ reports, AWE hits the mark with an Indonesian acquisition while big numbers are expected from Oil Search. Full Story... Condensate project on the horizon (Monday, 30 January 2012) HORIZON Oil has conditionally approved a final investment decision on the $US300 million Stanley field gas condensate recovery project it shares with Talisman Energy in Papua New Guinea’s Western province, with first production targeted for the end of 2013. Full Story... Don’t believe the headlines: PNG source (Monday, 30 January 2012) THE failed so-called “military coup” attempt by a former colonel in Papua New Guinea has been described as a “storm in a teacup” by an industry source. Full Story... Norwest going for more shale acreage (Monday, 30 January 2012) NORWEST Energy will apply for an exploration permit over its special prospecting authority STP-SPA-0013 in the northern Perth Basin that has been identified to have shale gas potential. Full Story... Iggy running out of puff (Monday, 30 January 2012) OILIES on Western Australia’s northwest coast will be breathing a little bit easier this morning as tropical cyclone Iggy weakened over the weekend. Full Story... M&A activity hot in cool year: Ernst & Young (Monday, 30 January 2012) THE oil and gas industry continues to be one of the most active global sectors for mergers and acquisitions in a trend that could continue despite economic uncertainty, according to Ernst & Young executives. Full Story... Quarterly Briefs: Pan Pacific, Petsec, Roc, Strike (Monday, 30 January 2012) A SCHEDULED shutdown of the Tui area oil project in New Zealand during the December quarter resulted in minority partner Pan Pacific Petroleum recording a drop in production and revenue. Full Story... Roc, L&M looking for NZ partners (Monday, 30 January 2012) OPERATOR Roc Oil and partner L&M Energy are farming out some of their respective stakes in the promising offshore Taranaki Kaheru exploration lease. Full Story... Slugcatcher revisits the unfolding Woodside LNG puzzle (Monday, 30 January 2012) TWO down. One to go. That’s Slugcatcher’s verdict on the overdue admission last week by Woodside Petroleum that its monster Browse Basin LNG project was more than a potential company-maker, it also had the potential to be a company-breaker. Full Story... McDermott in $2B Ichthys win (Monday, 30 January 2012) ENGINEERING and construction company McDermott has signed a $US2billion ($A1.88 billion) contract to manufacture more than 16,000 tonnes of subsea equipment for the Ichthys project in Darwin – the largest contract it has received to date. Full Story... Personnel movements: CSG committee named (Monday, 30 January 2012) SIMMONS, Langford, Coram, Moran, Flood, CSG committee; Mumme, Byrne, NWS LNG; Muir, Golden State Resources; Hodge, Austin Exploration; Shaw,Transocean. Full Story... US update (Monday, 30 January 2012) IN TODAY’S US update: Aurora rattles the tin; Red Fork lays seismic groundwork in Oklahoma; Durvenay JV agrees to further sale; Maverick’s sweet result from first Nash Dome well. Full Story...

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