The Nigerian oil industry moves closer to collapse as unions call a general strike over a massive increase in fuel prices. The increase is a result of the government's refusal to continue to subsidise fuel to the tune $1.95 billion annually.
ROC has confirmed its position as a leading Perth Basin explorer by acquiring an option over Norwest Energy's (NWE's) 7.5% working interest in WA-226-P as Queensland Gas Company (QGC) moves a step closer to becoming a producer following deals with CS Energy and BHP Billiton.
Pancontinental Oil and Gas sold its interest in the Jingemia Oil Field in order to maintain its focus on the company's Kenyan acreage and ExxonMobil decides to sell its interests in the Wandoo and Woollybutt offshore oilfields in Western Australia saying they no longer fitted as part of its portfolio of Australian holdings.
Woodside awards the key floating production, storage and offloading (FPSO) vessel construction contract for its Enfield oil project to South Korea's Samsung Heavy Industries Co.
The Western Australian EPA and Conservation Commission rejected outright the Gorgon joint venture's Barrow Island development proposal leaving the future of the entire Gorgon Development looking shakey. The proposal is now open to public opinion.
State Opposition leader Colin Barnett rejects the view that Barrow Island is the only option for the $11 billion Gorgon gas project nominating the undeveloped Maitland Estate, south of the Burrup Peninsula, as a possible option.
ConocoPhillips relinquished some of its interest in the Bayu-Undan development to accommodate the twin Japanese power giants Tokyo Gas and Tokyo Electric Company (TEPCO), who have taken a 10.08 % stake.
Arc and Origin start the second drilling program at the Hovea project in the Perth Basin as former Arc asset manager Derrick O'Keeffe moves to the position of general manager of the company.
Following the launch of its new subsea construction business with Acker Marine, Clough Engineering appointed David Singleton as the new CEO and managing director of the company.
