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AOG Daily: 2016 / June

Thursday, 30 June 2016 11:57

InterOil receives new takeover bid

InterOil Corp. has received another takeover offer, in the midst of a US$2.2 billion pending agreement with Australia’s Oil Search. Image from InterOil. InterOil confirmed…
Thursday, 30 June 2016 11:09

Report: Chinese LNG imports to rise 15%

The market for imported liquefied natural gas (LNG) in China is projected to grow at a CAGR of over 15% during 2016-2021, due to increasing…
Wednesday, 29 June 2016 21:53

Rawson confirms PNG debut

ASX-listed Rawson Resources has received official documentation from the Papua New Guinea (PNG) government sanctioning the company’s award of petroleum prospecting licence (PPL) 549. Rawson…
Tuesday, 28 June 2016 23:22

Sembcorp buys 50% stake in Aragon

Singapore’s Sembcorp Marine announced that it has acquired 50% interest in Norwegian process design and engineering group KANFA Aragon for NOK 20 million (US$2.3 million),…
Sunday, 26 June 2016 21:47

Oilex plans new well onshore Gujarat

Onshore unconventional oil and gas producer Oilex said it remains focused on unlocking the multi Tcf tight gas potential in the Cambay Block in Gujarat,…
Sunday, 26 June 2016 21:14

Greater Enfield project approved

The US$1.9 billion Greater Enfield project, a joint venture between Woodside Energy and Mitsui E&P Australia, has been approved for development, and first oil is…
A new report predicts that asset sales in the Asia Pacific oil and gas sector will spike in the year ahead, reflecting the impact of…
Wednesday, 22 June 2016 01:54

Essar's Raniganj block crosses 1 MMcm/d

Essar Oil announced that its onshore Raniganj East Block in West Bengal has become India’s first coal bed methane (CBM) asset to cross the 1…
Tuesday, 21 June 2016 23:27

Tokyo Gas buys US shale interest

Tokyo Gas has acquired the Eagle Ford shale gas assets located in the Webb and La Salle countries of south Texas, US, from the VirTex…
Friday, 17 June 2016 10:07

Gazprom, Shell enter Russian LNG pact

Supermajor Shell and Russia’s Gazprom have entered into a strategic pact in the liquefied natural gas sector (LNG), targeting their collaboration on the Sakhalin Island,…
Friday, 17 June 2016 08:56

Otto granted SC 55 moratorium

The Philippines Department of Energy has granted Otto Energy a two-year moratorium for Service Contract 55 (SC 55) offshore the Philippines, as the Australia-based company…
Researches from the Institute of Bioengineering and Nanotechnology (IBN) in Singapore have invented a smart oil-scavenging material or supergelator that could help clean up large…
Thursday, 16 June 2016 00:27

CNOOC replaces CEO

China National Offshore Oil Corp. (CNOOC) has appointed its chairman Yang Hua as new CEO, replacing Li Fanrong who will join China’s National Energy Administration…
Wednesday, 15 June 2016 21:58

Woodside pumps AU$10 million into Monash

Woodside Petroleum will contribute AU$10 million over five years to a new innovation center at Monash University to rapidly accelerate advances in materials engineering, additive…
Wednesday, 15 June 2016 01:46

Shell seals Maui pipeline sale

Shell-controlled Maui Development has finalized the sale of its Maui natural gas pipeline to Australian asset management firm First State Investments for NZ$335 million, following…
Mechanical obstruction in the well bore of the AAL-4X appraisal well offshore Indonesia, has halted the proposed drill stem tests (DSTs) in the K-sand and…
Tuesday, 14 June 2016 02:43

Rosneft Q1 revenue dips

Russian oil major Rosneft’s revenue amounted to US$14.5 billion for the first three months, a 12.4% decline compared to the last quarter of 2015. This…
Thursday, 09 June 2016 04:21

BP: Oil remains leading fuel

The global demand for energy grew by only 1% last year, significantly slower than the 10-year average, and oil remained the leading fuel, accounting for…
Thursday, 09 June 2016 00:35

Increased offshore workplace injuries

In the Commonwealth waters, there was a 49% increase in the number of injuries to the offshore workforce compared to 2014, says the National Offshore…
Tuesday, 07 June 2016 04:00

INPEX drills off Japan

INPEX has commenced drilling an exploratory well offshore the Shimane and Yamaguchi prefectures in Japan.  The drilling operation is part of a project commissioned by…
Tuesday, 07 June 2016 03:10

Cooper Energy sells Tangai-Sukananti

Cooper Energy will sell its 55% interest in the onshore producing Tangai-Sukananti KSO block in Indonesia to ACL International and Lamara Energy for US$4.3 million.…
The joint venture, consisting of Russian giant Rosneft and Norwegian giant Statoil, has begun drilling operations at an exploration well in the Sea of Okhotsk.…
Wednesday, 01 June 2016 11:34

Scottish delegation on Myanmar mission

Scottish Enterprise is leading the first ever delegation of Scottish companies to Myanmar in a bid to identify trade, investment and collaboration opportunities in the…