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AOG Daily: 2016 / October

Monday, 31 October 2016 21:49

Beach finds oil onshore Cooper basin

Beach Energy has made a Western Flank oil discovery in its fully owned PEL 91 permit area, located in the onshore Cooper basin of South…
Monday, 31 October 2016 20:52

TAG to buy Surat basin asset

Canadian oil and gas company TAG Oil will acquire 100% interest in petroleum lease 17 (PL 17) in the Surat basin, which is one of…
Friday, 28 October 2016 10:32

Chevron takes tumble in Q3

Chevron’s Q3 2016 report showed a 35% decline, and an even bigger fall when looking at its total earnings for the first nine months of…
Friday, 28 October 2016 08:02

Inpex in Japan gas discovery

Inpex has discovered gas at an exploration well offshore the Shimane and Yamaguchi prefectures in Japan. The Transocean M.G. Hulme Jr., from Inpex. The Transocean M.G.…
Wednesday, 26 October 2016 00:42

Rawson bags third PNG permit

Australia’s Rawson Resources has been awarded the petroleum prospecting license (PPL) 560 in the gas-rich Cape Vogel basin, offshore Papua New Guinea (PNG).  PPL 560 is…
Tuesday, 25 October 2016 12:28

Sembcorp Marine posts loss, cuts 8000 jobs

Sembcorp Marine has cut 8000 jobs and posted a 26% loss in its group revenue citing the tough operating environment, the company said in its…
Monday, 24 October 2016 04:55

Santos sells Victoria gas assets to Cooper

Santos has agreed to sell its natural gas assets in South Australia to junior explorer Cooper Energy for AU$82 million, which will result in the…
Friday, 21 October 2016 12:52

Wheatstone to start in mid-2017

US supermajor Chevron is expecting first liquefied natural gas (LNG) from its giant Wheatstone project in Australia in mid-2017, partner Woodside Petroleum said. Illustration of…
Friday, 21 October 2016 09:12

Nido raises funds for Galoc drilling

Nido Petroluem is raising US$24 million (A$31.9 million) to fund the drilling of an appraisal well at the Galoc discovery offshore the Philippines. Image from…
Thursday, 20 October 2016 21:13

Woodside Q3 revenue up on higher production

Australian energy giant Woodside reported a 19.8% increase in Q3 2016 sales revenue, thanks to higher production performance from operating assets, and the company's North…
Thursday, 20 October 2016 10:55

Keppel O&M job cuts hit 8000 in 2016

Keppel O&M has cut more than 3000 jobs in Q3 due to slow global growth and weak demand in the first nine months of the…
Tuesday, 18 October 2016 22:04

Roc-2 flow a major breakthrough

Quadrant Energy has confirmed a successful well test from the Roc-2 well, 165km north of Port Hedland in the Bedout basin, offshore Western Australia. Roc-2,…
Sunday, 16 October 2016 23:43

NZOG gets Clipper extension

NZX-listed New Zealand Oil & Gas (NZOG) has gained approval by the regulator to change conditions and extend duration for the petroleum exploration permit 52717…
Friday, 14 October 2016 10:04

Statoil abandons Reinga off New Zealand

Statoil is leaving the Reinga basin offshore New Zealand, following its three-year study of the area that revealed a low probability of a discovery. Map…
Thursday, 13 October 2016 08:54

Hibiscus to take Shell fields off Sabah

SEA Hibiscus Sdn Bhd entered into a US$25 million deal with Shell to acquire operatorship and 50% stake in four fields offshore Sabah, in the…
APPEA says BP’s decision not to progress its exploration drilling program in the Great Australian Bight is disappointing for South Australians who would have benefited…
Monday, 10 October 2016 23:35

BP ditches Bight drilling

Supermajor BP has dropped plans to drill in the Great Australian Bight, offshore South Australia, as the project will not be able to compete for…
Sunday, 09 October 2016 20:51

APLNG second train starts production

Australia Pacific LNG (APLNG) has produced the first cargo of liquefied natural gas (LNG) from its second train on Curtis Island in Gladstone, Queensland. The…
Friday, 07 October 2016 09:08

Karoon to explore Great Bight

Karoon Gas Australia is getting a piece of the Great Australian Bight (GAB) in a three-year commitment, in which the company will focus on acquiring…
Wednesday, 05 October 2016 23:33

OIL, Houston Uni ink technology pact

Oil India Ltd. (OIL) has entered into an agreement with the University of Houston to collaborate on technologies required to maximize recovery from aging oilfields…
Monday, 03 October 2016 02:09

MISC begins arbitration against Shell

MISC Berhad’s wholly-owned subsidiary Gumusut-Kakap Semi-Floating Production System Ltd. (GKL), has begun arbitration proceedings against Sabah Shell Petroleum Co. (SSPC), to seek resolution on contractual…