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19 May 2012
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LAST WEEK'S STORIES

 Thursday, 17 May 2012

Hydratight a one percenter
(Thursday, 17 May 2012)

EVERY football coach loves to mention those little one percenters that can make the difference between success and failure. Indeed, one even wrote out his list of one percenters that, when tallied up, came to more than 100%.
Full Story...



Send in the marines
(Thursday, 17 May 2012)

THAT is the solution a Perth company is proposing to the skills shortage that is threatening the oil and gas industry in Western Australia’s north.
Full Story...



News Wrap: PTTEP, Total, and Repsol
(Thursday, 17 May 2012)

IN TODAY’S wrap: Total plugs Elgin; Thailand’s PTTEP backpedals on Australian floating LNG project; and Repsol files class action lawsuit against Argentina in New York.
Full Story...



Fraccing fracas continues
(Thursday, 17 May 2012)

A RESEARCH paper on potential water contamination from hydraulic fracturing is at the centre of a raging controversy, with pro and anti-fraccing camps at loggerheads over the study’s validity.
Full Story...



A quick turnaround
(Thursday, 17 May 2012)

THAT is what Burkert hopes to bring its customers with its modular valve and block package that is designed to make systems quickly and easy.
Full Story...



Fairstar the rig carrier
(Thursday, 17 May 2012)

FAIRSTAR Heavy Transport has won a $US2.9 million contract to transport the drilling rig Offshore Vigilant from Port of Spain, Trinidad to Vung Tau, Vietnam.
Full Story...



Japanese eye Wheatstone
(Thursday, 17 May 2012)

JAPAN’s appetite for natural gas continues to grow, with reports a consortium of Japanese companies is considering buying a stake in Chevron’s $29 billion Wheatstone LNG project.
Full Story...



Aurora seeks $120M for shale development
(Thursday, 17 May 2012)

AURORA Oil and Gas plans to raise around $A120 million through an underwritten placement to fund the development of its increased Sugarkane field acreage in the liquids-rich area of the Eagle Ford shale.
Full Story...



Asia seeking offshore support
(Thursday, 17 May 2012)

CARGO-handling specialist Cargotec has secured contracts to deliver MacGregor anchor-handling, mooring and towing solutions for 15 offshore support vessels being built in China.
Full Story...



Balai Cluster finance in the bag
(Thursday, 17 May 2012)

ROC Oil and its partners in the Balai Cluster risk service contract, offshore Malaysia, have secured $US162 million ($A163 million) in funding for its predevelopment phase.
Full Story...



Carbon’s UCG boost
(Thursday, 17 May 2012)

CARBON Energy’s plans to commercialise its underground coal gasification technology in Queensland’s Surat Basin have been given a boost after it reported a 4-8 billion tonne conventional coal JORC exploration target.
Full Story...



BG finds more gas in Tanzania
(Thursday, 17 May 2012)

TANZANIA continues to be the scene of some exciting gas discoveries, with BG Group making its fifth consecutive gas hit. Importantly, the discovery is the first within the deeper Cretaceous section and opens an extensive new play fairway within BG’s offshore acreage.
Full Story...



Energy Briefs
(Thursday, 17 May 2012)

IN TODAY’S briefs: Holloman completes Cooper farm-out; Oil Basin readies Backreef testing.
Full Story...



Beryl continues to shine for Apache
(Thursday, 17 May 2012)

APACHE Corporation has had some encouraging news for its Beryl field in the North Sea with initial production rates from an extension well flowing higher than any oil well drilled at the field since 2001.
Full Story...


 Wednesday, 16 May 2012

Chubu’s Gillete moment
(Wednesday, 16 May 2012)

IT APPEARS Japanese electricity generator Chubu Electric liked the gas it has agreed to buy from the Ichthys project so much it has decided to buy a piece of the project.
Full Story...



Beckett: Waiting for service sector
(Wednesday, 16 May 2012)

GENERAL manager for Chevron for greater Gorgon Colin Beckett thinks both industry and government should be doing more to support the embryonic services industry and make it a sector that outlasts the current gas boom.
Full Story...



Central’s production mystery
(Wednesday, 16 May 2012)

OUSTED Central Petroleum managing director John Heugh is puzzled by comments reportedly made by Richard Cottee, who has been lined up to take the reins at the outback-focused explorer.
Full Story...



Nelson plays dead bat to takeover talk
(Wednesday, 16 May 2012)

BEACH Energy chief executive Reg Nelson has gone on the front foot to smother speculation about the Cooper Basin explorer receiving takeover offers.
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Senex gets drilling at Snatcher
(Wednesday, 16 May 2012)

NOT long after restarting production from the Snatcher oil field in PEL 111 of the Cooper Basin due to wet weather, Senex Energy has resumed appraisal drilling at the western flank field.
Full Story...



An echo of past battles
(Wednesday, 16 May 2012)

THE confrontation between police and protestors at James Price Point is an echo of an even more dramatic event more than 30 years ago. By John McIlwraith
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More pipeline works for Maui
(Wednesday, 16 May 2012)

MAUI Development Ltd has confirmed a $NZ25 million ($A19.4) million upgrade of the Maui gas pipeline following the disastrous pipeline rupture that effectively crippled much industry across New Zealand's upper North Island for six days last October.
Full Story...



Carbon Conscious’ bullish outlook
(Wednesday, 16 May 2012)

CARBON offset supplier Carbon Conscious remains upbeat on achieving its financial year earnings guidance of $3.5 million as planting for the 2012 season begins.
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APA gives more time for Hastings offer
(Wednesday, 16 May 2012)

AS THE battle for Hastings Diversified Utilities Fund heats up, APA Group has extended the deadline for its cash and scrip offer for the fellow Australian pipeline company.
Full Story...



Spin spend a $32M waste
(Wednesday, 16 May 2012)

IF THE latest figures from FutureEye are to be believed, a public relations blitz from the coal seam gas industry to highlight the positive effects of the industry may have been for naught.
Full Story...



News Wrap: Santos, Shell, US
(Wednesday, 16 May 2012)

IN TODAY’S wrap: Santos signals progress in talks with Conoco over developing Caldita-Barossa; Shell gives a tentative nod to Canadian LNG; and the US government issues a damning report on oil and gas leases.
Full Story...



Otto widening focus
Exclusively for Premium Subscribers
(Wednesday, 16 May 2012)

FRESH from a timely acreage win in Tanzania, Perth-based Otto Energy is up against cross-town rival Tap Oil and Kuwaiti giant Kufpec in the bidding for licences in the Philippines. By Paul Garvey in Hong Kong
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It’s a gas for Monadelphous
(Wednesday, 16 May 2012)

MONADELPHOUS Group has won two construction contracts, together worth $150 million, on gas-related projects.
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Take it to the limit
(Wednesday, 16 May 2012)

HALLIN Marine’s Australian operation has entered into a long-term charter with Fremantle-based Salter Offshore for its catamaran Outer Limit.
Full Story...



Beach speculation rages
(Wednesday, 16 May 2012)

BEACH Energy says it is in discussions with “several interested parties” about farming into its shale acreage in the Cooper Basin.
Full Story...



Oilies honoured in APPEA awards
(Wednesday, 16 May 2012)

WOODSIDE, ConocoPhillips, Vermilion Energy and the Santos-led Gladstone LNG project have been recognised for outstanding achievement in APPEA’s annual safety and environmental awards.
Full Story...



Cottee excited to lead Central
(Wednesday, 16 May 2012)

INDUSTRY veteran Richard Cottee, who has been lined up to take the reins at Central Petroleum, said he was excited about the prospect of leading the soon-to-be producer.
Full Story...



Energy Briefs
(Wednesday, 16 May 2012)

IN TODAY’S briefs: Senex gets fraccing; Rialto gets oil, gas in Gazelle well; Origin hits a duster in the Otway; Jacka gets okay for Somaliland farm-in.
Full Story...



Singapore show to be bigger and better
(Wednesday, 16 May 2012)

AT LEAST that is what the organisers of this year’s OSEA 2012 claim.
Full Story...



Macfarlane quashes call for east coast domestic gas reservation
(Wednesday, 16 May 2012)

A DOMESTIC gas reservation policy for Australia’s gas producers would be fraught with danger and reduce the competitiveness of the country’s gas projects, opposition energy and resources spokesperson Ian Macfarlane warned.
Full Story...



Santos runs amongst the bulls at PNG LNG
(Wednesday, 16 May 2012)

A THIRD and possibly fourth train at PNG LNG is closer to an inevitability than a possibility, especially if drilling at the Hides fields meets expectations according to Santos chief David Knox.
Full Story...



Bullish picture for shale but long way to go
(Wednesday, 16 May 2012)

SHALE gas has the potential to turn the world’s energy industry on its head but it must first overcome tremendous reputational and regulatory hurdles, according to a new report.
Full Story...



Greater powers for landholders
(Wednesday, 16 May 2012)

OPPOSITION energy and resources spokesperson Ian Macfarlane says farmers on prime agricultural land should have the right to say no to coal seam gas exploration on their land.
Full Story...



TAG tags $46M
(Wednesday, 16 May 2012)

TAG Oil has raised $C46 million ($A46 million) to be spent primarily on more exploration and development at its onshore Taranaki Cheal and Sidewinder fields but also to fund its drilling commitment should the offshore Kaheru-1 wildcat well proceed.
Full Story...


 Tuesday, 15 May 2012

Carbon woes
(Tuesday, 15 May 2012)

A LOT of good stuff comes out of Canberra, such as pathos, slapstick and good drama, but thanks to overly generous compensation for the coal industry, the carbon tax is not one of them.
Full Story...



Battle for Hastings heats up
(Tuesday, 15 May 2012)

APA Group has a fight on its hands for Hastings Diversified Utilities Fund after fellow Australian pipeline company Pipeline Partners Australia made a $A1.246 billion bid.
Full Story...



NSW gas domestic brewing
(Tuesday, 15 May 2012)

IF A coal seam gas production ban is not enough to raise the industry’s ire then New South Wales Resources and Energy Minister Chris Hartcher’s revelations that the government is considering a domestic gas reservation policy may just do the trick.
Full Story...



T-2 delivers as trouble brews for Gulf LNG
(Tuesday, 15 May 2012)

INTEROIL has flowed gas at a rate of 17.6 million cubic feet per day in a drill stem test of the Triceratops-2 appraisal well in Papua New Guinea’s Gulf province, while the condensate to gas ratio varied between 13.6 and 16.3 barrels per MMcf.
Full Story...



Cottee central to revival
(Tuesday, 15 May 2012)

CENTRAL Petroleum has announced plans to appoint prominent industry veteran Richard Cottee as chief executive officer and director this morning as part of a package of initiatives to provide the company with an enhanced board and stronger management.
Full Story...



News Wrap: US LNG, oil prices, and Ukraine shale
(Tuesday, 15 May 2012)

IN TODAY’S wrap: US administration says it is not opposed to LNG exports; IMF predicts oil price will double; and Shell, Chevron win bid for Ukrainian shale.
Full Story...



Exxon fears advantage could drift away
(Tuesday, 15 May 2012)

EXXONMOBIL has added its voice to the chorus, warning the federal government against “policy drifts” and hitting out against the carbon tax, industrial relations reform and a range of taxes.
Full Story...



Long way to go for Pluto expansion
(Tuesday, 15 May 2012)

JUST days after the first cargo of LNG left Woodside’s Pluto project, the company has signalled expansion of the $14.9 billion foundation project may still be a while off.
Full Story...



Fear, fundamentals or speculation?
Exclusively for Premium Subscribers
(Tuesday, 15 May 2012)

HIGH oil prices are once again bringing the issue of market oversight to the fore, causing the commodity markets to gear up to face significant regulatory changes on both sides of the Atlantic.
Full Story...



Personnel Movements: BHP adds Pat Davies to its board
(Tuesday, 15 May 2012)

DAVIES, BHP Billiton; Elliott, Contact Energy.
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Gas recoverer wins Petrobras work
(Tuesday, 15 May 2012)

WARTSILA Hamworthy has won a contract to supply its flare gas recovery packages to four floating production, storage and offloading units under construction for Petrobras.
Full Story...



Woodside’s Cyprus adventure
(Tuesday, 15 May 2012)

WOODSIDE’S next foray into LNG may be on the other side of the world, in sunny Cyprus.
Full Story...



Canadian twist
(Tuesday, 15 May 2012)

TRANSFIELD Services has backed away from plans to buy out its Canadian oil sands joint venture partner after that partner, Flint Energy Systems, was itself bought by URS Corporation.
Full Story...



FPSOs proving popular
(Tuesday, 15 May 2012)

THE number of floating production systems has grown 90% in the past 10 years, according to a study by International Maritime Associates.
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Liquids focus key for Oz shale explorers
(Tuesday, 15 May 2012)

WITH shale gas not expected to materialise until at the least the next decade, Australia’s shale gas explorers will need to focus on liquids-rich plays to maximise commerciality.
Full Story...



Partnership pays for Metito
(Tuesday, 15 May 2012)

WATER manager Metito has won work on three projects in Australia with long-term partner Bechtel, worth more than $US40 million.
Full Story...



Coleman has a bet each way on JPP
(Tuesday, 15 May 2012)

WOODSIDE chief Peter Coleman has played a dead bat to Western Australia Premier Colin Barnett’s threats he would enforce state agreements on Browse being developed through James Price Point, but told media he’s a fan of “options”.
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BP to go forth, but not just in the Ceduna
(Tuesday, 15 May 2012)

BP Australia has confirmed that it plans to start a four-well deepwater campaign in the Ceduna sub-basin in the fourth quarter of 2014, but it may not just stop there.
Full Story...



Greens unhappy over acreage release
(Tuesday, 15 May 2012)

THE federal government’s 2012 offshore petroleum exploration acreage release has, not surprisingly, drawn ire from the Greens, who say the government is being “reckless” in releasing acreage in and around marine parks.
Full Story...



Aurora ups stake in Sugarloaf and rattles tin
(Tuesday, 15 May 2012)

AURORA Oil and Gas has moved to increase its stake in the prospective Sugarloaf area of mutual interest not too long after launching an on-market takeover bid for Eureka Energy, which also holds a small stake in the liquids-rich area of the Eagle Ford shale.
Full Story...



Good news flows for European
(Tuesday, 15 May 2012)

EUROPEAN Gas believes it has hit a winner in France after successfully flow testing the Folschviller-2 well in Lorraine, without hydraulic fracturing.
Full Story...



Prelude to a loading
(Tuesday, 15 May 2012)

FMC Technologies has been chosen to supply seven offshore footless loading arm systems to the Shell Prelude floating liquefied natural gas project.
Full Story...



AGL wins with Hallett 5 sale
(Tuesday, 15 May 2012)

AGL Energy expects to realise a $A30 million development fee and to recoup the $129 million development costs from the sale of the Hallett 5 wind farm in South Australia to Eurus Energy.
Full Story...



Water works
(Tuesday, 15 May 2012)

A SOLUTION to the water problems facing the coal seam gas industry in Queensland could be at hand with Ausenco forming an alliance with South Africa-based water treatment specialist Proxa.
Full Story...



ABS app out
(Tuesday, 15 May 2012)

A MARINE and offshore industry classification services provider to the global marine and offshore industry has launched a suite of products to improve information transfer between itself and its clients.
Full Story...


 Monday, 14 May 2012

Feds eye gas market transparency
(Monday, 14 May 2012)

MARTIN Ferguson has flagged his concerns about the conflict between the production of gas for domestic use and LNG export, saying the government is aiming to find “the right balance” between the two.
Full Story...



BHP’s bet on the future
(Monday, 14 May 2012)

BHP Billiton Petroleum boss Michael Yeager has attempted to brush off suggestions the low price of gas in the US may lead to the company writing off some of its assets, telling the APPEA 2012 conference that “dry gas is not the story right now”.
Full Story...



New offshore blocks up for grabs
Exclusively for Premium Subscribers
(Monday, 14 May 2012)

THE 2012 offshore petroleum exploration acreage release of 27 areas across nine basins will allow petroleum explorers to play a larger role in Australia’s energy revolution.
Full Story...



Pluto LNG heads for Japan
(Monday, 14 May 2012)

THE first cargo of LNG from Woodside Petroleum’s $A14.9 billion Pluto LNG project is on its way to Japan after leaving Karratha a few days ago.
Full Story...



Fourth train speculation
(Monday, 14 May 2012)

THE success of the P’nyang South appraisal well and its sidetrack in Papua New Guinea’s Western province has led to speculation a third train of the $US15.7 billion PNG LNG project is a certainty, with discussion even emerging over a possible fourth train.
Full Story...



More oil shows for Range
(Monday, 14 May 2012)

SHARES in Range Resources surged more than 10% in afternoon trade today as the company announced more oil shows at its maiden well in Puntland’s Dharoor Valley.
Full Story...



Getting intuitive
(Monday, 14 May 2012)

HONEYWELL has launched Intuition Executive, the flagship of its Intuition process management software portfolio.
Full Story...



Decmil builds order book
(Monday, 14 May 2012)

BESIDES building a host of villages for its resource sector clients, Decmil Group is building its order book too.
Full Story...



Dynamic expansion
(Monday, 14 May 2012)

INTERNATIONAL emergency management provider Dynamiq has bought emergency response service provider Compass Health for an undisclosed sum.
Full Story...



News Wrap: Santos, Gorgon, M&A caution
(Monday, 14 May 2012)

IN TODAY’S wrap: Santos to shift focus to Western Australia and the Northern Territory; Chevron starts marketing gas from potential Gorgon expansion; and survey shows energy execs still cautious on M&A activity.
Full Story...



Oilies splash cash for spill response system
(Monday, 14 May 2012)

AUSTRALIA’s oil and gas industry has put its money where its mouth is, pledging a major investment for a world-class spill response system to be in place by early next year.
Full Story...



More Wheatstone gas heads to Japan
(Monday, 14 May 2012)

AS GAS demand from Asia continues to be strong, Chevron has inked a non-binding deal with Tohoku Electric Power for the supply of LNG from the $29 billion Wheatstone LNG project.
Full Story...



Indian regulators and Reliance face off
Exclusively for Premium Subscribers
(Monday, 14 May 2012)

INDIA’s attempt at privatising energy exploration has received its first challenge as Reliance Industries and the national oil and gas regulator head for a showdown over gas production.
Full Story...



Looking beyond the awareness campaign
(Monday, 14 May 2012)

SANTOS chief executive David Knox has called on the oil and gas industry to stop talking about being safe and simply be safe.
Full Story...



Bionic hearing
(Monday, 14 May 2012)

NO SIX million dollars here. No “gentleman we can rebuild him, we have the technology”. Nonetheless, a safety equipment maker has come out with a “bionic” hearing solution all its own.
Full Story...



There will be a show after all
(Monday, 14 May 2012)

NEW Zealand oilies will get a petroleum conference this year after all, with news their industry organisation plans to hold a shortened “summit” on upstream oil and gas during September.
Full Story...



Roc expands Chinese footprint
(Monday, 14 May 2012)

ROC Oil has secured a new exploration block in China’s prolific Bohai Bay as part of its plans to grow its business in China.
Full Story...



Slug’s unconventional wisdom
(Monday, 14 May 2012)

WHEN does the unconventional become conventional? That is a question Slugcatcher suspects a few delegates at the annual APPEA conference might be asking this week as they contemplate a program chock full of talks about unconventional gas.
Full Story...



Petroleum wealth far from guaranteed: APPEA
(Monday, 14 May 2012)

THE Australian Petroleum Production and Exploration Association has kicked off its 2012 conference by telling the federal government it should be more concerned about helping to maintain Australia’s resource boom rather than redistributing wealth from it.
Full Story...



Industry improving safety but more to be done
(Monday, 14 May 2012)

AUSTRALIA’S oil and gas industry seems to be making progress on improving safety performance but there is still some way to go, with 57 incidents investigated over the 2011 reporting period including three hydrocarbon gas releases.
Full Story...



QCLNG pipes in more local work
(Monday, 14 May 2012)

TYCO International has snapped up a $A70 million pipe supply contract for the Queensland Curtis LNG project that will deliver a significant boost to local manufacturing.
Full Story...



Inpex’s spending splurge
(Monday, 14 May 2012)

JAPANESE major Inpex will work to aggressively acquire assets and pursue mergers and acquisitions in a bid to double its output.
Full Story...



Mermaid settles US claims
(Monday, 14 May 2012)

MERMAID Marine has settled four claims arising from Tropical Hurricane Nate last year, confirming that neither it nor its insurers were liable to pay anything towards the settlement.
Full Story...



Carbon’s million dollar Chinese deal
(Monday, 14 May 2012)

CARBON Energy has taken the first step to license its underground coal gasification technology worldwide, signing a deal with China’s second largest coal company.
Full Story...



AGL gets go-ahead for Newcastle gas storage
(Monday, 14 May 2012)

AGL Energy has been given the green light for a $A310 million gas storage facility at Tomago, near Newcastle.
Full Story...



Energy Briefs
(Monday, 14 May 2012)

IN TODAY’S briefs: Aurora’s borrowing base increases; Tap gets more time in Ghana; Rialto gets exclusive off Ivory Coast.
Full Story...



APA moves to reassure regulator over Hastings bid
(Monday, 14 May 2012)

APA Group is stepping up its battle to acquire Hastings Diversified Utilities Fund by proposing to sell a major Hastings asset in a bid to receive the green light from the Australian Competition and Consumer Commission.
Full Story...



It’s protest season at JPP
(Monday, 14 May 2012)

PLANS are allegedly afoot to station about 140 police at James Price Point in anticipation of renewed protest at the site now the wet season has finished and Woodside moves back to the site to undertake surveys.
Full Story...


 Friday, 11 May 2012

Senex to get fraccing
(Friday, 11 May 2012)

HALLIBURTON fracture stimulation personnel and equipment are due to start work on Senex Energy’s Sasanof-1 gas well.
Full Story...



US update
(Friday, 11 May 2012)

IN TODAY’S US update: Eureka ramps up fight against takeover with resources announcement; Neon eyes Paloma pay zones; Golden Gate adds some sugar to Texas discovery; Austin has great expectations; lateral turn leads to oil discovery for Red Fork and Antares keeps busy in Howard County.
Full Story...



Miles milestone met
(Friday, 11 May 2012)

WHILE BG Group’s Queensland Curtis LNG project has suffered a $US5 billion cost blowout, the project has managed to complete a logistics base on schedule and within budget.
Full Story...



Wheatstone’s $56 million work
(Friday, 11 May 2012)

A RECENT spate of contracts worth a total $A55.85 million have been let for Chevron and Apache Energy’s Wheatstone LNG project in Western Australia.
Full Story...



News wrap: Woodside, Shell and Tepco
(Friday, 11 May 2012)

IN TODAY’S wrap: Moody’s retains Woodside’s credit rating and upgrades its outlook to stable; Shell in talks with Iraq to revise Majnoon output; and Japanese government bails out Tepco in $US12.5 billion deal.
Full Story...



Carnarvon Petroleum begins the climb back
(Friday, 11 May 2012)

CARNARVON Petroleum has taken a battering from the market for its unpredictable oil reservoirs in Thailand but the former high-flyer has an ace up its sleeve in the quest to get back on top.
Full Story...



Petrohawk production, losses up
(Friday, 11 May 2012)

DESPITE BHP Petroleum subsidiary Petrohawk recording oil and gas revenues of $US500.2 million ($A497 million) for the three months to March 31 on the back of increased production, it has reported in with an overall operations loss of $55.4 million.
Full Story...



Crumbling under its own weight
Exclusively for Premium Subscribers
(Friday, 11 May 2012)

THE Queensland coal seam gas industry appears to be crumbling under its own weight as both cost assumptions and reserve estimates underpinning the projects have come unstuck.
Full Story...



Lakes in tight gas win
(Friday, 11 May 2012)

LAKES Oil has made a tight gas discovery in PEP 169 of the Otway Basin that it believes could potentially open up a tight gas play across a wide area of the Victorian basin.
Full Story...




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