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AOG Daily: 2016 / March

With the addition of Chevron’s Gorgon project, which shipped its first cargo to Japan last week, Australia is on track to be the largest liquefied…
Thursday, 31 March 2016 02:27

InterOil on track despite lower income

Momentum is building for the multi-billion dollar Papua liquefied natural gas (LNG) project in Papua New Guinea, according to InterOil chief executive Michael Hession. Commenting…
Thursday, 31 March 2016 01:25

Rawson bags PNG permit

Sydney-based Rawson Resources has been awarded the petroleum prospecting license (PPL) 549 in Papua New Guinea (PNG), a first for the company in the country.…
Tuesday, 29 March 2016 23:35

Sinopec sets out cuts as profits slide

Chinese oil company Sinopec will reduce its 2016 capital expenditure by 10.6% to 100.4 billion yuan, of which the exploration segment will account for 47.9…
India’s Oil and Natural Gas Corp. (ONGC) is moving forward with its proposed US$5.1 billion deepwater oil and gas development, offshore the east coast of…
Sunday, 27 March 2016 20:33

CNOOC revenue dips

China National Offshore Oil Corp. (CNOOC) made 16 new discoveries and appraised 23 oil and gas structures in 2015, the company said on 24 March.…
Friday, 25 March 2016 11:23

Kaheru permit to be relinquished

New Zealand Oil & Gas (NZOG) has submitted an application to abandon the Kaheru permit, offshore New Zealand due to the current economic conditions, according…
Thursday, 24 March 2016 10:56

China's ENN takes 11.7% share in Santos

China’s ENN Group will acquire an 11.7% share in Australia’s Santos for US$750 million from Hony Capital, the company announced on 23 March. The move…
The threat of weather-related offshore disasters across Asia is growing, as both the number of deepwater operations and the severity of extreme weather events increase.…
Wednesday, 23 March 2016 09:06

Woodside scraps Browse FLNG project

The current economic and market environment have caused Woodside Petroleum and partners to shelve plans for the Browse floating liquefied natural gas (FLNG) mega project…
Wednesday, 23 March 2016 08:00

OTC Asia 2016: Gaps in Asia

Today’s climate of challenging economics in the oil and gas industry requires innovative solutions to drive down costs without compromising quality. Industry experts gathered on…
The continuing supply of US shale, OPEC’s determination to hold on to its market share, and Iran’s re-entry into the market are reasons why prices…
Tuesday, 22 March 2016 06:40

OTC Asia 2016: Make innovation a priority

While the need for greater collaboration between oil producers and service providers has become more important than ever to weather the current low price environment,…
Monday, 21 March 2016 14:03

New Zealand launches 2016 block offer

New Zealand has launched its 2016 block offer petroleum tender with four offshore, and one onshore areas up for grabs. Image from Awe. The four…
Monday, 21 March 2016 09:28

Chevron ships first Gorgon LNG to Japan

Chevron Corp.’s first shipment of liquefied natural gas (LNG) from its Gorgon project is being sent to Chubu Electric Power in Japan. Image of the…
Russian oil giant Rosneft said on Wednesday it has agreed to sell stakes in its Siberian oil fields to three Indian energy companies. During a…
Tuesday, 15 March 2016 23:16

APM16: Experts warn of tough times ahead

The drop in oil prices, which has affected the entire oil and gas industry value chain, will continue to take a toll on vessel utilization…
Monday, 14 March 2016 21:46

Mosman sees potential onshore Amadeus

Mosman Oil and Gas’ onshore Amadeus basin project in the Northern Territory of Australia could contain substantial prospective gas resources, according to a new report.…
The Indian Ministry of Petroleum and Natural Gas announced investor-friendly policies this week, which could attract substantial investment in the country’s upstream sector, as well…
Governments in eastern Australia must pull out all stops to encourage the investment needed to address predicted gas shortages, a new report warns. Market data…
Russia’s Rosneft has started drilling exploration well PLDD-1X at block 06.1 offshore Vietnam, marking its first entry drilling in international waters as operator. Operated by…
Tuesday, 08 March 2016 03:08

Transocean delays five jackups

Drilling contractor Transocean announced on Tuesday a mutual agreement with Keppel Offshore & Marine’s shipyard, Keppel FELS, to defer the delivery and related payments of…
Tuesday, 08 March 2016 01:25

Asia-Pacific active rig count declines

The number of drilling rigs actively exploring for or developing oil or gas fields in the Asia-Pacific region declined to 182 last month from 193…
Monday, 07 March 2016 22:37

Chevron starts Gorgon LNG production

Chevron has started producing liquefied natural gas (LNG) and condensate at its US$54 billion Gorgon project on Barrow Island off the northwest coast of Western…
Sunday, 06 March 2016 22:47

PETRONAS names first FLNG

PETRONAS’ first floating liquefied natural gas (FLNG) facility officially received its name, PFLNG SATU, at a ceremony held at the Daewoo Shipbuilding & Marine Engineering…
Friday, 04 March 2016 10:33

Woodside, Bumi to enter legal battle

Woodside Energy’s decision to terminate the Aramada Claire floating production and storage offloading (FPSO) charter contract may result in Bumi Armada to take legal action.…
Wednesday, 02 March 2016 20:57

Three injured in Noble rig damage

Damage on the Noble Lloyd Noble jackup is minor and the rig’s scheduled delivery in Q2 2016 will not be affected, but three workers sustained…
Tuesday, 01 March 2016 21:08

Origin, ENN ink LNG supply

Origin Energy has signed an agreement with China’s ENN LNG Trading for the supply of 500,000 tonne of liquefied natural gas (LNG) annually for five…
Malaysia-based Petronas will cut nearly 1000 jobs, appoint new leadership, and end contracts as part of its organizational restructure that will be effective 1 April, due…
Tuesday, 01 March 2016 00:56

Beach completes merger with Drillsearch

All conditions relating to the scheme of arrangement to merge Adelaide-based Beach Energy and Sydney’s Drillsearch Energy have been satisfied, and Drillsearch is now a…