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Saturday
5 September 2015
 
 
   TODAY'S STORIES
 
SLUGCATCHER 
The false dawn of the oil price bounce


OIL had its best two day rise in six years at the end of last week with the only problem being that nobody, not even Slugcatcher, believes that the 18% rise in the rise of Brent quality crude is sustainable.
Full Story...


MORE SLUGCATCHER

The Don’s warning which Santos ignored


Woodside to kick off the best of times


A turning point for oil


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PREMIUM FEATURES 
Oilers hoping cycle has bottomed


IT WASN'T surprising that numbers were noticeably down at this year's RIU Good Oil Conference in Fremantle: the oil price had tanked overnight to below $US40/barrel, part of a downward spiral for energy prices have collapsed since last November; LNG markets are over-supplied and almost overwhelmingly energy stocks have destroyed value for shareholders over the past year.
Full Story...


MORE PREMIUM FEATURES

Hackers a threat to M&A


Yolla study leads to weighty breakthrough


The great GoM comeback


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TECHNICAL & PRODUCT 
InterOil connects up PNG


PAPUA New Guinea-focused InterOil has awarded UK-headquartered firm SpeedCast International a multi-year, multi-million dollar contract to deliver satellite communications and network services in the Gulf Province.
Full Story...


MORE TECHNICAL & PRODUCT

Seismic shift prompts innovation


Martin Linge’s game changer


LWP enters first project


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LIQUIFIED NATURAL GAS 
Gorgon strike averted as ‘ground-breaking’ roster agreed


A 24-HOUR strike to be held today by workers on the $US54 billion ($A77 billion) Gorgon LNG project on Barrow Island has been called off after the unions and the main contractor Chicago Bridge & Iron struck an 11th-hour deal over roster changes.
Full Story...


MORE LIQUIFIED NATURAL GAS

Canadian LNG dream fading


Barge plan to boost LNG fuel demand


400 Ichthys jobs ‘demobilised’


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COAL SEAM GAS 
Metgasco rejects govt offer


METGASCO has slapped down the New South Wales government’s offer to settle legal action the beleaguered company launched earlier this week against the government for reportedly tens of millions of dollars in damages for cancelling a 2014 drilling program.
Full Story...


MORE COAL SEAM GAS

Vic considers extending moratorium


Faith held in Galilee


Metgasco still trapped in bureaucratic limbo


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SHALE GAS 
Theia result shines


PRIVATELY-held Finder Exploration’s first onshore data-gathering well, Theia-1, appears to have validated the company’s model of a prognosed sweet spot in the rich Goldwyer shale in Western Australia’s the Canning Basin.
Full Story...


MORE SHALE GAS

Shale dream world about to fall


McLendon’s $US75M Empire deal


Methane detection challenge


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SAFETY & ENVIRONMENT 
Stena fined over deaths


STENA Drilling has been fined $330,000 in relation to the death of two workers in 2012.
Full Story...


MORE SAFETY & ENVIRONMENT

Scots go wild over Chinchilla


Greens call for an end to Scottish oil


Ant invasion no issue for Inpex


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CAREERS & RECRUITMENT 
Gorgon strike averted as ‘ground-breaking’ roster agreed


A 24-HOUR strike to be held today by workers on the $US54 billion ($A77 billion) Gorgon LNG project on Barrow Island has been called off after the unions and the main contractor Chicago Bridge & Iron struck an 11th-hour deal over roster changes.
Full Story...


MORE CAREERS & RECRUITMENT

400 Ichthys jobs ‘demobilised’


Oz staff brace for Conoco cuts


Gorgon strike Friday as 400 job cuts rumoured


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DRILLING 
Stena expresses regret over deaths


STENA Drilling’s Australian arm says it “very much regrets” the tragic deaths of two crew members during drilling operations in the Otway Basin in 2012.
Full Story...


MORE DRILLING

Oil business drags on Imdex


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INDUSTRY MOVES 
Oz Shell-BG decision delayed


THE Australian Competition and Consumer Commission has given itself more time to consider Anglo-Dutch oil giant Royal Dutch Shell’s planned takeover of UK-based Queensland LNG producer BG Group, delaying an expected announcement of its decision until September 17.
Full Story...


MORE INDUSTRY MOVES

MEO finalises Cuban entry


Keppel takes Cameron’s offshore rig business


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PIPELINES 
Gippsland pipeline replacement on track


AFTER 40 years of operation, and more than two years of planning, the Gippsland Basin Joint Venture is believed to be close to approving a $400 million project to replace the oil and condensate pipeline that links the Longford and Long Island Point facilities in Victoria.
Full Story...


PRODUCTION 
Roma Shelf keeps on giving for Armour


ARMOUR Energy, which has just been lobbed a $36.6 million hostile takeover bid by Chinese-owned WestSide Energy, has done its own “company transforming” deal to become a significant gas, LPG, condensate and oil producer on the Surat Basin’s Roma Shelf, capitalising on its early relationship with Arrow Energy.
Full Story...


MORE PRODUCTION

US production revised down


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Gorgon strike averted as ‘ground-breaking’ roster agreed


A 24-HOUR strike to be held today by workers on the $US54 billion ($A77 billion) Gorgon LNG project on Barrow Island has been called off after the unions and the main contractor Chicago Bridge & Iron struck an 11th-hour deal over roster changes.
Full Story...

Stena fined over deaths


STENA Drilling has been fined $330,000 in relation to the death of two workers in 2012.
Full Story...

Oilers hoping cycle has bottomed


IT WASN'T surprising that numbers were noticeably down at this year's RIU Good Oil Conference in Fremantle: the oil price had tanked overnight to below $US40/barrel, part of a downward spiral for energy prices have collapsed since last November; LNG markets are over-supplied and almost overwhelmingly energy stocks have destroyed value for shareholders over the past year.
Full Story...

   CURRENT FOCUS FEATURES

Offshore Equipment & Services

Cambla’s game changer

Centek goes deep

Revised plan slashes RSC cost

Sembcorp winner in Culzen development

Keppel takes Cameron’s offshore rig business

Maersk approves giant North Sea development



UPCOMING FOCUS FEATURES

OCTOBER : PNG & INDONESIA
OCTOBER : PIPELINES
OCTOBER : OIL & GAS ENGINEERING
NOVEMBER : DRILLING TECHNOLOGY
NOVEMBER : RISING STARS
DECEMBER : RENEWABLE ENERGY
DECEMBER : MAINTENANCE & SHUTDOWN

   TODAY'S STORIES CONTINUED


Energy Briefs


IN TODAY’S Energy Briefs: Spotlight on Oil Search; Santos’ challenge; Fulcrum plugged; Magellan sells CTP stake; Mather to fight; EDL's extension; Talon’s gets offer; APPEA welcomes emissions change; gas demand rises; CCS funded; Activists storm court; Mexico petrochem wakes up; BP seeks restitution; Petsec produced; Abadi trebles scale; Strata-X to spud; Carnegie’s Seychelles agreement; Qatar revenue hit.
Full Story...

US wind fizzles after tax changes


THE US Energy Information Administration says demand for new wind turbines in the US has weakened since 2012 to the lowest level in a decade due to relatively low electricity prices, competition from other distributed energy sources and relatively high permitting and installation costs.
Full Story...

Personnel Movements


IN TODAY’S Personnel Movements: High Peak replaces CEO; IWCF appoints historic Australasia head role; Oceaneering’s new director; Aquatic appoints group MD; no bad blood as Rooster pair replaced.
Full Story...

Scots go wild over Chinchilla


SCOTLAND’s opposition Greens Party says the national government should take heed the 300sq.km of toxicity blamed on Linc Energy’s Chinchilla underground coal gasification project, and ban the controversial practice.
Full Story...

Barge plan to boost LNG fuel demand


SEATTLE-based marine engineering firm Jensen Maritime Consultants has announced the development of two new customisable LNG bunker barge concepts to help and industry that is struggling with the decision over which to develop first – LNG infrastructure or LNG-powered vessels.
Full Story...

400 Ichthys jobs ‘demobilised’


ABOUT 400 jobs are being “demobilised” at Inpex’s $34 billion Ichthys LNG project near Darwin in what the Japanese multinational says is a “natural part of the project cycle”, the company has confirmed to Energy News.
Full Story...

New centre to study flow maximisation


THE University of Wyoming has announced scientific and technical instrument manufacturer FEI will provide state-of-the-art imaging equipment, software and support for cutting-edge digital rock research that should have far-reaching impacts for the global oil and gas industry.
Full Story...

Hackers a threat to M&A


DIGITAL disruption isn't often talked about in the oil patch – except when shell companies or under-performing juniors flee the energy sector in pursuit of profits, rich new veins of capital and new industries – but it and cyber-security are two high tech areas that exploration and production companies need to pay heed to, EY says.
Full Story...

Energy Briefs


IN TODAY’S Energy Briefs: Santos investors get fired up; Knitting nannas target AGL again; Elk appoints advisor for potential Grieve buy; solar farm ‘called in’; Exxon, Shell to compensate for earthquake-linked house price drop; Polarcus in new Oz job; and more.
Full Story...

Cetacean-seismic connection studied


THE effect of seismic surveys on marine mammals and other animals is considered settled science, at least as far as industry lobby jobs are concerned, but the opening up of the Atlantic Ocean for oil and gas exploration seems to have ignited the issue again in the US and Ireland.
Full Story...

Personnel Movements


IN TODAY’S Personnel Movements: New exec director starts at IEA; Heading resigns from Empire Oil & Gas; Macfarlane quits Energy World; OGUK launches North Sea Efficiency Task Force; and CGG forms core group.
Full Story...

Cambla’s game changer


ABERDEEN project services consultancy Cambla is set to launch a new version of its state of the art Schedule Animation Tool software at SPE Offshore Europe next month that it says will offer the subsea industry “unprecedented” cost reductions in a low oil price environment.
Full Story...

Centek goes deep


CENTRALISER manufacturer Centek Group has formed a new division to focus the sale and support of its specialist deepwater centraliser products.
Full Story...

Indonesia’s energy conundrum


INDONESIA needs to keep its eye on non-renewable energy sources as President Joko Widodo’s dreams of turning his country into a geothermal wonderland still have plenty of roadblocks ahead, according to Perth research consultancy Future Directions International.
Full Story...

New tanker for APLNG


KANSAI Electric Power Company has taken delivery of a brand new tanker which will be used to service a broad range of projects for the utility, including transporting gas from the Australia Pacific LNG facility on Curtis Island, Queensland to Japan.
Full Story...

Revised plan slashes RSC cost


MELBOURNE-based Octanex says a revised field development plan for the Ophir oil field development, offshore Malaysia, has managed to reduce costs by about a third.
Full Story...

Yolla study leads to weighty breakthrough


A PROJECT to support Origin Energy’s further extension of the Yolla field, offshore Victoria, has led to the creation of an innovative rig-weight monitoring solution for the Gippsland’s harsh conditions that can be applied globally, Energy News can reveal.
Full Story...

Energy Briefs


IN TODAY’S Energy Briefs NMS scores another Wheatstone gig; Austin hits oil; Mereenie purchase completed; Incremental boosts Silvertip; CNOOC reacts to shut-in; CAPP forecasts job slump; Shell’s pipeline trouble; APR’s power record; Supporting female engineers; Falcon finds shale gas in Beetaloo; Schlumberger teams up with IBM; Range rig arrives; and Senex spuds Spitfire-7.
Full Story...





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