Origin Energy was forced to issue a statement reassuring shareholders it had enough cash after “misunderstandings in the market” regarding its current position.
Woodside Petroleum Ltd., Australia’s second- largest oil and gas producer, expects writedowns of as much as $1.2 billion for 2015 after the slide in energy prices.
Wood Group has secured a three year contract with Shell's Prelude Floating Liquefied Natural Gas (FLNG) project in Australia.
Chevron has signed its second agreement in as many months to sell liquefied natural gas to China.
Mosman Oil and Gas has confirmed it has cancelled its involvement in an Australian oil and gas project after failing to secure a land access permit to proceed.
Transerv Energy said four days of work was lost at its Warro-6 well after a metal object was accidently dropped down the hole.
Empyrean Energy said it has entered into a conditional sale and purchase agreement with Carrier Energy Partners to dispose of its interest in the Sugarloaf development. The deal is for an initial cash consideration of $61.5million and the company may also receive a contingent consideration of around $10million.
Altona Energy said it expects to finally receive the £500,000 it had agreed with the Sino-Aus Energy for its coal-to-liquids joint venture by February 5 after complex regulatory requirements are processed.
Diving specialist Neptune been awarded a marine maintenance diving contract by Chevron in Australia for various natural gas assets in Western Australia.
Shareholders of Drillsearch Energy Ltd. look set to approve a A$384million ($266million) takeover of the Cooper Basin oil and gas producer in Australia by Beach Energy Ltd. later this month, the Australian Financial Review reported.
Buru Energy said it has identified a five metre sandstone interval at the Ungani Far West 1 well in North Western Australia. The company said an oil sample was recovered with interpretation of pressure data indicating a potential oil column of at least 14 metres with around five metres of net pay. A sampling program is continuing with results expected to be on going.
Mosman Oil and Gas has issued a review notice to Origin Energy over the acquisition of the South Taranaki licence in New Zealand after the Brent oil price benchmark dropped below $40 per barrel.
Australian oil and gas explorer AWE has taken the final investment decision to develop Stage 1A of the Waitsia gas field project, located onshore in the Perth Basin in Western Australia.
Carnarvon Petroleum has confirmed condensate rich gas has been recovered from the Roc-1 well offshore western Australia.
The joint venture between Clough and AMEC has been awarded a three-year contract by ConocoPhillips to provide asset support, operations and maintenance services to the Bayu-Undan offshore field development, located in the Timor Sea, north of Australia.
Woodside Petroleum confirmed a viable oil find for its exploration campaign in Myanmar.
Mosman Oil and Gas has received a 12 month suspension and extension approval for its EP145 project in the Amadeus Basin in Australia.
Oilex has filed its defence in Australia's Federal Court proceedings initiated by Zeta Resources.
Shell and its joint venture, China National Offshore Oil Corporation CNOOC,have agreed to expand its petrochemical complex in China.
BG Group has begun commercial operations from the second train at its Queensland Curtis LNG plant in Australia, assuming full control of the facilities in the process.
Australasian focused exploration firm Mosman said it expects its acquisition of the South Taranaki Energy Project (STEP) in New Zealand to complete early next year with the only outstanding matter being Government approval.
Australia's Transerv Energy has revealed its Warro onshore gas field is more than twice the size it initially thought.
Falcon Oil and Gas has reported good progress with the first horizontal well drilled in the Beetaloo basin shale play in Australia.
Cue Energy Resources (CUE) has confirmed a rig deal for its onshore Indonesian exploration push.
BG Group has approved A$1.7billion natural gas development in Australia.