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AOG Daily: 2016 / February

Monday, 29 February 2016 09:47

Petronas PFLNG 2 stalled, as revenue drops

Malaysia-based Petronas has decided to delay its Petronas floating LNG 2 (PFLNG 2) project after the company suffered lower revenue and profit last year due…
Monday, 29 February 2016 00:30

Bumi Armada posts loss

Malaysia-based Bumi Armada Berhad reported Q4 2015 revenue of RM589.0 million, which was 16.1% lower than the corresponding quarter in 2014. Net loss amounted to…
Thursday, 25 February 2016 21:57

AOG16: All about collaboration

Delegates at the Australasian Oil and Gas conference in Perth heard that operators and service and supply companies are working harder to collaborate and innovate.…
Thursday, 25 February 2016 14:14

KrisEnergy completes Thailand drilling

Singapore-based KrisEnergy completed development drilling in the G10/48 and the G11/48 licenses in the Gulf of Thailand, with plans to drill two previously deferred wells…
Thursday, 25 February 2016 10:24

China offers 18 offshore blocks

China is offering 18 blocks for offshore exploration to international oil and gas companies wanting to partner with operator China National Offshore Oil Co. (CNOOC).…
Thursday, 25 February 2016 06:07

AOG16: Ready or not? Australian LNG capability

The remoteness of operations, coupled with small economies of scale are actually structural disadvantages for Australia, as compared to competitors, stressed Bernadette Cullinane, managing director…
Wednesday, 24 February 2016 07:35

AOG16: Collaboration is key

As technology and manufacturing developments can be unpredictable, sharing the risk as well as the rewards is a win-win strategy said Michael Mischin, Western Australia…
Wednesday, 24 February 2016 02:26

AOG16: Australia has more challenges

Operations and maintenance, inspection, asset management, information technology and health and safety have been identified as the most likely growth areas in the Australasian oil…
Friday, 19 February 2016 00:22

Santos in AU$2.7b loss

Santos Ltd., who has been ruling under pressure since the collapse in oil prices announced 2015 net loss of AU$2.7 billion, impacted significantly by impairments…
Wednesday, 17 February 2016 22:45

Origin posts half year loss

Origin Energy reported half year loss of AU$254 million, and warned to suspend dividends, should the current low oil price environment persist through 2H FY16.…
Wednesday, 17 February 2016 19:59

Court approves Beach-Drillsearch merger

The Federal Court of Australia has approved the scheme of arrangement to implement the proposed merger of Adelaide-based Beach Energy with rival Drillsearch Energy from…
Tuesday, 16 February 2016 02:54

Sembcorp suffers S$290m loss

Singaporean shipbuilder Sembcorp Marine reported revenue of S$4.97 billion for FY15 compared with $5.83 billion previously. While net profit amounted to $384 million, the group…
Tuesday, 16 February 2016 01:06

COSCO earnings drop

Singapore-listed COSCO Corp’s turnover decreased 17.4% to S$3.5 billion in FY15 from $4.3 billion in FY14 due to lesser shipyard and shipping revenue.  COSCO is…
Thursday, 11 February 2016 19:39

Woodside hits second discovery off Myanmar

Woodside Energy makes second gas discovery at the Rakhine basin offshore Myanmar from the Thalin-1A exploration well in block AD-7. This follows an earlier find…
Wednesday, 10 February 2016 22:36

Cooper Energy sells Indonesian assets

ASX-listed Cooper Energy will sell its Indonesian exploration assets for US$8.25 million to Mandala Energy, a Southeast Asia-focused upstream company, backed by global investment firm,…
Wednesday, 10 February 2016 09:29

Petronas axes Lahad Datu LNG project

Petronas Gas and Sabah Energy have canceled the Lahad Datu liquefied natural gas (LNG) project in Malaysia, which was originally scheduled to be complete in…
Tuesday, 09 February 2016 19:35

AGL swings to loss, exits gas E&P

Australian energy giant AGL Energy reported loss of AU$449 million for the six months ended 31 December 2015. This was $757 million below the prior…
Thursday, 04 February 2016 01:24

Andalas bags Sumatra farm-in

Andalas Energy and Power has signed an agreement to farm-in to the technical assistance contract (TAC) covering the Tuba Obi East (TOE) oil and gas…
Wednesday, 03 February 2016 22:35

Petro Matad in Mongolia seismic

Mongolian oil exploration company Petro Matad has completed the 2D seismic program in Block IV located in the southwest part of Mongolia, with 1085km of…
Wednesday, 03 February 2016 02:12

Thai PTT rethinks budget

Thai state-owned energy company PTT Public Co., may reduce its five-year operations and production budget for the third time since the plunge in oil prices…
Tuesday, 02 February 2016 01:43

Total, Pertamina ink LNG supply

France’s Total has signed a long-term liquefied natural gas (LNG) contract with Pertamina, a state-owned Indonesian energy company, for the supply of LNG volumes increasing…
Monday, 01 February 2016 22:58

Mosman drops Taranaki acquisition

New Zealand and Australia-focused, London-listed Mosman Oil and Gas has cancelled the agreement to acquire 70% interest in the South Taranaki Energy Project (STEP) in…