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AOG Daily: 2016 / August

Tuesday, 30 August 2016 21:53

Chevron, ENN ink 10-year LNG deal

Supermajor Chevron has signed a binding sales agreement with ENN LNG Trading to supply liquefied natural gas (LNG) to China from the company’s global LNG…
Monday, 29 August 2016 21:52

Bumi Q2 earnings decline

Malaysian FPSO player Bumi Armada reported 12.2% lower revenue of RM402.9 million and net loss of RM518.3 million in Q2 2016 due to lower income…
Singapore’s Keppel Offshore & Marine is on track to deliver the floating production storage and offloading (FPSO) vessel, Armada Kraken, to Malaysian oilfield service company…
Sunday, 28 August 2016 20:38

AWE delivers Waitsia first gas

Commercial gas sales from Stage 1A of the Waitsia gas project onshore Perth Basin in Western Australia have been delivered on time and within the…
Wednesday, 24 August 2016 23:13

AWE swings to FY loss

Australian energy company AWE reported full year net loss of AU$363 million, but production remained steady at 5.0 MMboe thanks to output from its Waitsia…
Tuesday, 23 August 2016 23:30

Indonesia ends oil production decline

Indonesia has managed to increase oil production this year, a first for the country since 2008, mainly due to output from the Banyu Urip Field…
Tuesday, 23 August 2016 09:16

MISC enters Thailand with Chevron win

MISC Berhad has broken into the Thailand offshore oil and gas market following a US$230 million win from Chevron for the lease and operations of…
Monday, 22 August 2016 22:59

PETRONAS half year profit plunges

Malaysian state-run energy company PETRONAS said volatile oil prices coupled by oversupply and lagging growth demand continued to impact the group’s half year performance as…
Monday, 22 August 2016 00:13

Sembcorp buys LMG

Singaporean shipbuilder Sembcorp Marine is set to acquire 100% equity stake in Norway-headquartered LMG Marin AS for US$20 million. LMG is a naval architecture as…
Friday, 19 August 2016 12:52

Woodside to drill off Myanmar in 2017

Woodside Petroleum is set to begin its Myanmar drilling campaign in 2017, following two discoveries containing some 2.4 Tcf of gas in the area earlier…
Thursday, 18 August 2016 23:15

Santos swings to US$1.1 billion loss

Impacted significantly by the US$1.5 billion write-down of its Gladstone liquefied natural gas (GLNG) asset in Queensland and lower oil prices, Santos posted first half…
Thursday, 18 August 2016 02:18

Origin profit plunges 41%

Australia’s Origin Energy announced full year income of AU$354 million, down 41% on the previous year. Statutory loss from total operations was $589 million, an…
Tuesday, 16 August 2016 11:22

Quadrant finds gas at Roc-2

Quadrant Energy has encountered a 10m section of elevated gas readings and moderate fluorescence at the Roc-2 well, offshore Western Australia. Map of Roc-2, from…
Tuesday, 16 August 2016 02:55

Mitra acquires Vietnam stakes from Inpex

Kuala Lumpur-headquartered Mitra Energy has acquired 30% interest in Blocks 05-1B and 05-1C offshore Vietnam, from Inpex’s wholly owned subsidiary Teikoku Oil for US$14.3 million. …
Monday, 15 August 2016 11:02

KrisEnergy sees triple revenue gain

Singapore’s KrisEnergy reported a triple gain in its revenue for 1H 2016, despite a loss of production the company experienced at its five Wassana wells…
Monday, 15 August 2016 09:12

Quadrant fails at Driftwood-1

Quadrant Energy has failed at the Driftwood-1 commitment well after only finding minor oil shows and intersected objectives were all water wet offshore Western Australia.…
Sunday, 14 August 2016 21:32

Santos in US$1.5 billion GLNG write-down

Australian energy giant Santos will take US$1.5 billion impairment charge against the carrying value of its flagship Gladstone liquefied natural gas (GLNG) asset in Queensland,…
The Australian government has unveiled 28 exploration areas in its 2016 Offshore Petroleum Exploration Acreage Release, spreading over five basins in a range of water…
Wednesday, 10 August 2016 22:23

Pertamina approves Andalas’ TOE work program

Indonesia’s state energy firm Pertamina has approved Andalas Energy and Power’s Tuba Obi East (TOE) proof of concept work program, aimed at gathering data to…
Tuesday, 09 August 2016 20:22

JOGMEC provides guarantee for Tangguh LNG

Japan Oil, Gas and Metals National Corp. (JOGMEC) has inked loan guarantee agreements to support Nippon Oil Exploration, KG Berau Petroleum, and KG Wiriagar Petroleum…
Monday, 08 August 2016 00:43

Cosco runs up Q2 loss of SG$36.8m

SGX-listed Cosco Corp. recorded loss of SG$36.8 million in Q2 2016 compared to loss of $4.8 million in Q2 2015 due to losses in shipyard…
Wednesday, 03 August 2016 20:58

Tassie Shoal LNG gets environmental approval

MEO Australia’s Tassie Shoal projects proposed for offshore Northern Australia have received environmental approvals extending the period for the liquefied natural gas (LNG) project to…
Wednesday, 03 August 2016 10:29

Lundin, M3nergy drop FPSO deal

Lundin Petroleum has dropped out of a US$265 million deal with Malaysia’s M3nergy Investment for the sale of the Bertam floating production and storage offloading…
Tuesday, 02 August 2016 21:51

Beach sells Queensland oil assets

Adelaide-based Beach Energy has entered into an agreement to sell its operated oil permit interests within the greater Kenmore‐Bodalla area to Bridgeport (Cooper Basin) Ltd.…
Monday, 01 August 2016 22:52

Quadrant spuds Driftwood-1

Quadrant Energy has commenced drilling the Driftwood-1 well in the WA-320-P permit area in the Carnarvon Basin, offshore Western Australia, using the Noble Tom Prosser…