Australasia

Australasia

Roxi makes exploration gains in Central Asia

30/06/2015

Kazakhstan focused oil and gas firm Roxi Petroleum has made a second find associated with its flagship BNG asset. Core samples and logging in the second well have revealed a potentially oil bearing interval starting from 4,536 meters and extending 100 meters. It’s located approximately eight kilometres from the first deep well and is being drilled by Sinopec, the Chinese multinational, at a fixed cost of $11 million.

Australasia

GE signs first deal after Australia passes clean-energy target

25/06/2015

General Electric Co. agreed to help develop a A$450 million ($348 million) wind farm in Australia, spurred by parliament’s approval of a new renewable energy target. GE will supply turbines to the 240-megawatt Ararat wind farm in the state of Victoria that’s being developed with partners including Renewable Energy Systems Ltd., according to a statement from the companies. The development is expected to become the nation’s third-largest wind farm.

Australasia

AWE Limited reaches total depth at Waitsia well

09/06/2015

AWE Limited has reached total depth at the Waitsia-1 appraisal well in the Perth Basin, Western Australia. The company said the Holmwood Shale was intersected at 3,490metres and total depth was achieved 17metres into the Holmwood Shale. Wireline logs will be run over a number of intervals, including the Dongara and Kingia Sandstones.

Australasia

ITF leads collaboration into tropical cyclone forecasting in Australia

16/04/2015

Global energy companies have joined forces to fund new research which aims to improve offshore safety in Northern Australia by researching tropical cyclone forecasting. ITF (The Industry Technology Facilitator) has led the collaboration to secure funding for the two-year $3.2million project. It will be carried out by the Australian Bureau of Meteorology and includes companies such as Chevron, Shell and Woodside.

Australasia

Shell delays drilling of Australian well

30/03/2015

Shell has delayed drilling of a $100million-plus exploration well off Australia’s north-west coast. The Shell Cronus-1 well had been due to start drilling in the Browse Basin but has been delayed until later in the year. It comes after a number of wells were also deferred including Japan’s Inpex Corporation and Santos, while a number of other companies have sought modifications to terms.

Australasia

KDM Marine International appoint new regional manager for eastern hemisphere

26/03/2015

KDM Marine International have appointed a regional manager for their work in the eastern hemisphere. The company, which is part of the James Fisher Group, has appointed Faisel Chaudry as their new regional manager for the eastern hemisphere. Faisel, who has more than eight years' experience in the oil and gas and offshore renewables industries, is tasked with growing the market-leading company's presence in regions like the Middle East, India, North Africa and Asia Pacific.

Australasia

Woodside shuts down LNG plant

16/03/2015

Woodside Petroleum has been forced to shut down its $15billion Pluto liquefied natural gas (LNG) plant after a submersible drilling rig began to drift near to its flowlines. The Australian operator said the move was taken after the rig was torn from its moorings in a cyclone. The rig had been drilling at Chevron’s Wheatstone LNG project nearby.

Australasia

China and India build oil stockpiles to offset risk of disruption in supplies

13/03/2015

China and India are poised to fill up their strategic oil reserves this year, taking advantage of lower prices, according to the International Energy Agency (IEA). The two nations are building emergency stockpiles with millions of barrels of crude that mirror the reserves of oil and refined products that the US and its western allies amassed after the first oil crisis of 1973 to 1974.

Australasia

Kea surrenders its Mercury licence

13/03/2015

New Zealand-focused oil and gas company Kea Petroleum today announced the relinquishment of its Mercury licence, PEP 52333, offshore Taranaki, and an update on its ongoing strategic review. The Mercury permit was awarded to Kea on October 13, 2010. It covers an area 90 square miles, mainly offshore in the north Taranaki area.

Australasia

Solar powered plane touches down in India

11/03/2015

The pilots of a solar-powered aircraft on an historic round-the-world journey say they want the people of India to support their campaign for clean energy to save the global environment. Bertrand Piccard and Andre Borschberg spoke to reporters in the western Indian city of Ahmadabad a day after Mr Piccard flew the single-seat plane there from Muscat, Oman.

Australasia

China’s crude oil imports slump by nearly 9%

09/03/2015

China’s commodity trade slowed in February as the lunar new year holiday crimped imports of oil, iron ore, copper and soybeans while exports of aluminum and steel fell. Oil and iron ore imports slowed to the weakest in three months, according to customs data released Sunday in Beijing.

Australasia

Wood Group Kenny secures FEED contract with Woodside

04/02/2015

Wood Group Kenny (WGK) has secured a contract with Woodside to provide the front end engineering design (FEED) of the flowline system on its North West Shelf (NWS) project in Western Australia. The company will also provide associated procurement support on the proposed Greater Western Flank Phase 2 (GWF-2). The primary engineering focus of the GWF-2 flowline FEED is to develop the flowline system for the final investment decision planned for the second half of 2015.

Australasia

Buru Energy spuds Sunbeam 1 exploration well

27/01/2015

Buru Energy has spudded the Sunbeam 1 well in the Canning Basin of Western Australia. The well has a maximum depth of 1,200metres and is expected to take some 16 days to drill. It is located in the exploration permit of EP 129 and the completion of the well will satisfy the four year work commitment on that permit.

Australasia

Chevron strikes LNG deal with SK Group

21/01/2015

Chevron has struck a deal with South Korean conglomerate SK Group to buy 4.15million tonnes of LNG over five years. The oil major has been looking to secure long-term contracts for its Australian liquefied natural gas. The deal will see the SK Group purchase the gas over a five year period from its Gorgon LNG project.

Australasia

Oil holds losses as China growth fails to spur demand confidence

20/01/2015

Oil held losses below $50 a barrel as China’s economic growth failed to spur confidence demand will be enough to eliminate a global supply glut. Futures were little changed in London after falling 2.7% on January 19, the most in a week. China’s gross domestic product expanded by 7.4% in 2014, the slowest rate since 1990, official data show. In the US, where oil production has surged amid a shale boom, the government will let the market “decide what happens” with supply and demand, according to Amos Hochstein, the State Department’s energy envoy.

Australasia

BG loads up first QCLNG cargo

29/12/2014

BG Group has loaded up its first cargo from the QCLNG (Queensland Curtis Liquefied Natural Gas) project. The company said the first vessel being loaded is from the Methane Rita Andrea. A second cargo will be loaded onto the Methan Mickie Harper which is expected in Gladstone in the first week of January.

Australasia

BW Offshore wins contract extension

23/12/2014

BW Offshore has received a one year contract extension for the lease and operation of the FPSO Umuroa. The vessel is operating on the Umuroa field in waters offshore New Zealand for AWE. The contract period will now finish in Q4 2016 instead of Q4 2015.

Breaking