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eMag
Wednesday
22 May 2013
Make PNG my HomePage
OIL AND GAS Stories
[1671 - Showing Results 1 to 30]
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AWE books another 50 million barrels
(Wednesday, 22 May 2013)
AWE has booked 50 million barrels of oil under proved and probable reserves following a review of its Ande Ande Lumut oil project in Indonesia by Perth-based RPS Energy Services.
Full Story...
Jobs lost at Gorgon: reports
(Monday, 20 May 2013)
CHEVRON has cut staff at its Gorgon project, according to
The Australian Financial Review
.
Full Story...
Pertamina sent DD team to PNG: source
(Monday, 20 May 2013)
WHILE Pertamina is yet to comment on the rumour it has made a bid for InterOil’s Elk-Antelope field, a new source has told
PNGIndustryNews.net
that the major Indonesian LNG producer has twice sent a due diligence team to view InterOil’s sites in Papua New Guinea.
Full Story...
Bloomberg misrepresents Cottee
(Monday, 20 May 2013)
CENTRAL Petroleum has hit out at
Bloomberg
for its misrepresentation of the company’s leading man, Richard Cottee.
Full Story...
Investors catch on to Oil Search
(Friday, 17 May 2013)
OIL Search shares are up 4% by 12.30pm (AEST), surpassing the significant $8 level, as the encouraging news from its Taza-1 ST2 well in Iraqi Kurdistan overcomes the setback at its Flinders-1 well in offshore Papua New Guinea.
Full Story...
Indonesian interest, says source
(Friday, 17 May 2013)
INDONESIAN LNG powerhouse Pertamina is rumoured to have made a bid for InterOil’s Elk-Antelope discoveries in Papua New Guinea.
Full Story...
No delays from CEO loss: InterOil
(Friday, 17 May 2013)
INTEROIL says it is in “final” discussions with bidders for its Elk-Antelope field in Papua New Guinea’s Gulf province. Meanwhile, Oil Search is investigating possible extensions to InterOil’s Triceratops field in the region.
Full Story...
The new brooms
(Thursday, 16 May 2013)
WELCOME to the Andrew and Tim show. If you’re working in the petroleum business and don’t know what that means, then
Slugcatcher*
will try and explain how the two boys running BHP Billiton Petroleum may shake the company, and the wider oil and gas industry.
Full Story...
Tough year ahead for capital raisings
(Wednesday, 15 May 2013)
GLOBAL data suggests the mining industry is in for a bleak year when it comes to raising funds, according to a leading research group.
Full Story...
Mitsui’s condensate dreams end: exclusive
(Monday, 13 May 2013)
AFTER three years and around $US12 million of investment, Mitsui & Co has abandoned its condensate stripping plant project based on InterOil’s Elk-Antelope discoveries in Papua New Guinea.
Full Story...
Bittersweet offshore results: exclusive
(Monday, 13 May 2013)
THERE is a mix of good and bad news from Oil Search and French supermajor Total SA’s Flinders-1 offshore well which is underway in Papua New Guinea, with encouraging sandstones found but only non-commercial hydrocarbons encountered from the primary targets.
Full Story...
Yokogawa doubles in Perth
(Monday, 13 May 2013)
YOKOGAWA Australia has doubled the size of its Perth office, with more than 50 people working on major oil and gas projects in Western Australia alone.
Full Story...
Troops deployed
(Friday, 10 May 2013)
THE Papua New Guinea Defence Force has been called out to protect the repair effort on the recent landslide-hit section of the Highlands highway in Simbu province.
Full Story...
Oil Search to continue drilling spree
(Friday, 10 May 2013)
OIL Search is working to mature possible drilling prospects in Papua New Guinea’s southern highlands by late this year, while an appraisal well for the P’nyang field may be on the cards along with another offshore well in the Gulf of Papua.
Full Story...
Talisman update
(Friday, 10 May 2013)
TALISMAN Energy has appointed a new chief financial officer and is due to start a multi-well exploration drilling program for its licences in western Papua New Guinea in the second half of 2013.
Full Story...
Browse boss leaves
(Wednesday, 8 May 2013)
WOODSIDE Energy senior vice-president Michael Hession, who has been in charge of the Browse LNG project for the past 3.5 years, has quit the company.
Full Story...
Nido, PNOC approve work plan
(Wednesday, 8 May 2013)
NIDO Petroleum and its joint venture partner Philippine National Oil Company have agreed on a forward plan for the Baragatan prospect in the Philippines.
Full Story...
All LNG technologies great and small
(Monday, 6 May 2013)
THIS appears to be GE’s approach, with its decision to buy Salof, a designer and manufacturer of small LNG technologies, for an undisclosed sum.
Full Story...
PNG farm-out plays
(Wednesday, 1 May 2013)
KINA Petroleum is “encouraged” by the level of interest in its wholly owned licence near Madang while Goldminex Resources is setting up a data room for its Keveri nickel sulphide project in the eastern Owen Stanley Range.
Full Story...
PDL barriers gone: Horizon
(Wednesday, 1 May 2013)
HORIZON Oil and Talisman Energy are closer to receiving a petroleum development licence to advance their $US300 million Stanley condensate project in western Papua New Guinea, while their planned Tingu-1 well in this region is expected to spud in the September quarter.
Full Story...
Considering FLNG
(Monday, 29 April 2013)
WOODSIDE’S decision to abandon a full LNG plant development at James Price Point has cast the spotlight on floating LNG production once more. However, has the market factored in the possibility of FLNG failing? Talking to several analysts, it appears it has not.
Full Story...
Temu’s last warnings
(Monday, 29 April 2013)
PNG Chamber of Mines and Petroleum president Dr Ila Temu has resigned, but not without warning the government that the global mining boom is over – saying it will have a big impact on spending and financing for many existing and planned projects.
Full Story...
Probable bidders: opinion
(Monday, 29 April 2013)
A recent report by
Platts
on the possible supermajor bidders for an operating stake of InterOil’s Elk-Antelope field seems close to the mark.
Full Story...
Thai giant undecided on PNG: exclusive
(Monday, 29 April 2013)
IN contrast to recent press reports and some industry buzz, Thailand’s PTT Exploration and Production (PTTEP) is undecided over making any investments in Papua New Guinea.
Full Story...
Mulacek on his retirement: exclusive
(Friday, 26 April 2013)
INTEROIL chief executive officer Phil Mulacek has corrected
PNGIndustryNews.net
on the circumstances of his recent retirement.
Full Story...
Specialised roles the future for engineers
(Wednesday, 24 April 2013)
THE days of high demand for generalised engineers in the resources sector is over as the need for more specialised positions grows, according to a recent recruitment report.
Full Story...
Beach’s Western Flank find
(Wednesday, 24 April 2013)
BEACH Energy has confirmed the presence of an oil pay zone at the Kalladeina-2 well, which is targeting the McKinlay-Namur formation in the Cooper Basin.
Full Story...
InterOil founder unexpectedly quits
(Wednesday, 24 April 2013)
IN a possible further sign that a deal over its Elk-Antelope discoveries in Papua New Guinea’s Gulf province is looming, InterOil founder and chief executive officer Phil Mulacek has announced his retirement.
Full Story...
Oil Search gains momentum
(Wednesday, 24 April 2013)
A MIDDLE East oil discovery has sweetened Oil Search’s strong March quarter operating results, with PNG LNG project milestones racking up and an offshore drilling campaign in Papua New Guinea underway.
Full Story...
Will ExxonMobil be InterOil’s dealmaker?
(Wednesday, 24 April 2013)
WITH oil prices showing some downside risks and LNG export prices anticipated to weaken after around 2017, InterOil’s Elk and Antelope gas fields in Gulf Province could be running out of world-class operators that might be candidates to operate PNG’s second LNG venture.
By Wantok*
Full Story...
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