Breaking News   |   Commodities   |   Most Popular Stories Friday, 18 May 2012    

General News


Boom times ahead for offshore exploration

(18 May 2012)
THIS year’s acreage release points to boom times ahead for exploration in Australian waters, with overseas companies leading the charge.   - more
Shale and Unconventional Gas

More promising results from southern Cooper quest

(18 May 2012)
A SOUTHERN Cooper Basin joint venture has had further encouraging signs in its unconventional campaign after the Davenport-1 well encountered one of the thickest coal seams ever recorded in the basin.  - more

Fraccing fracas continues


Aurora seeks $120M for shale development


Nelson plays dead bat to takeover talk


Bullish picture for shale but long way to go


Liquids focus key for Oz shale explorers


Aurora ups stake in Sugarloaf and rattles tin


BHP’s bet on the future


Slug’s unconventional wisdom


Senex to get fraccing


Crumbling under its own weight


  VIEW ALL STORIES on Shale and Unconventional Gas
APPEA

Beckett: Waiting for service sector

(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.   - more

Nelson plays dead bat to takeover talk


Spin spend a $32M waste


Beach speculation rages


Oilies honoured in APPEA awards


Macfarlane quashes call for east coast domestic gas reservation


Santos runs amongst the bulls at PNG LNG


Greater powers for landholders


Carbon woes


NSW gas domestic brewing


Exxon fears advantage could drift away


  VIEW ALL STORIES on APPEA



The Big Picture

Boom times ahead for offshore exploration

  - more

Asia Watch

Life extender

  - more


Slugcatcher

Slug’s unconventional wisdom

  - more

Market Outlook

Libyan discontent raises supply fears

  - more


Breaking News


Galoc gets a reserves bump

(18 May 2012)
THE Galoc field in the Philippines has had a 19.7% bump in 1P estimated ultimate recovery to 12.58 million barrels of oil.  - more

News Wrap

(18 May 2012)
IN TODAY’S News Wrap: pension funds get windy about CSG; Canadian club; and more Argentinian nationalisation fears.  - more

Gillard to break ground on Ichthys

(18 May 2012)
INPEX and partners are expected to officially break ground on their giant $US34 billion Ichthys LNG project in Darwin this morning.  - more

CSG has little impact on groundwater: report

(18 May 2012)
THE Queensland Water Commission’s report into the impacts of coal seam gas exploration has confirmed what the CSG industry has always proclaimed – CSG activity has little impact on groundwater supplies.  - more

More promising results from southern Cooper quest

(18 May 2012)
A SOUTHERN Cooper Basin joint venture has had further encouraging signs in its unconventional campaign after the Davenport-1 well encountered one of the thickest coal seams ever recorded in the basin.  - more

GoM permits up for grabs

(18 May 2012)
NEXT month, oil and gas players will get the opportunity to bid for acreage in the Gulf of Mexico in only the second sale of offshore leases in the Gulf since the Deepwater Horizon disaster in 2010.   - more

Shabeel-1 disappoints

(18 May 2012)
IT MAY not be exactly what shareholders had hoped for, but Range Resources and its partners in Puntland’s Dharoor Valley have confirmed the existence of a working petroleum system with the Shabeel-1 well.   - more

Boom times ahead for offshore exploration

(18 May 2012)
THIS year’s acreage release points to boom times ahead for exploration in Australian waters, with overseas companies leading the charge.   - more

In response to NSW’s gas domestic

(18 May 2012)
NEWS that New South Wales is considering a domestic gas reservation policy has stirred up a fair bit of response from Energy News Premiumreaders.   - more

Oilies join protest against oil exploration

(18 May 2012)
PROTESTORS against ongoing oil and gas exploration and development in Taranaki have been joined by some employed by the petroleum industry itself.   - more

US Update

(18 May 2012)
IN TODAY’S US update: Petsec’s production boost; Grand Gulf attracts experienced partner for Desiree; Red Fork to spin more drill bits; and Mako begins Provost drilling.   - more

News Wrap: PTTEP, Total, and Repsol

(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.   - more

Energy Briefs

(17 May 2012)
IN TODAY’S briefs: Holloman completes Cooper farm-out; Oil Basin readies Backreef testing.  - more

Beryl continues to shine for Apache

(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.   - more

Aurora seeks $120M for shale development

(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.   - more

BG finds more gas in Tanzania

(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.   - more

Carbon’s UCG boost

(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.   - more

Balai Cluster finance in the bag

(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.   - more

Japanese eye Wheatstone

(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.  - more

Chubu’s Gillete moment

(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.   - more

Central’s production mystery

(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.   - more

Nelson plays dead bat to takeover talk

(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.   - more

Beckett: Waiting for service sector

(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.   - more

Senex gets drilling at Snatcher

(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.  - more

An echo of past battles

(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  - more

Commodities


Commodity   Current Price ($US) Change ($US) Change (%) Previous Price
Prices          
WTI February 2011   92.56 -0.25 -0.27 92.81
Brent February 2011   107.49 -4.22 -3.93 111.71
Opec Reference Basket   108.14 -1.10 -1.02 109.24
Tapis Crude   118.50 -0.40 -0.34 118.90
Dubai Fateh   107.3 -0.35 -0.33 107.65
Nymex Natural Gas Futures   2.59 -0.02 -0.93 2.62
Baltic Dirty Tanker   772.00 -2.00 -0.26 774.00
Baltic Dry Index   1137.00 0.00 0.00 1137.00
Currencies          
$A/$US   0.99 0.00 -0.37 0.99
GBP / $US   1.58 0.00 -0.23 1.58
Euro / $US   1.27 0.00 -0.13 1.27
Euro / $A   1.29 0.00 0.24 1.28
Indicies   Current Change Change % Previous
Dow Jones   12442.49 -156.06 -1.25 12598.55
NASDAQ   2813.69 -60.35 -2.14 2874.04
S&P 500   1304.86 -19.94 -1.53 1324.8
FTSE 100   5338.38 -66.87 -1.25 5405.25
Nikkei 225   8662.05 -214.54 -2.48 8876.59

Most Popular Stories


Fraccing fracas continues

(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.  - more

Boom times ahead for offshore exploration

(18 May 2012)
THIS year’s acreage release points to boom times ahead for exploration in Australian waters, with overseas companies leading the charge.   - more

Send in the marines

(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.   - more

CSG has little impact on groundwater: report

(18 May 2012)
THE Queensland Water Commission’s report into the impacts of coal seam gas exploration has confirmed what the CSG industry has always proclaimed – CSG activity has little impact on groundwater supplies.  - more

News Wrap: PTTEP, Total, and Repsol

(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.   - more

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