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General News


How Beach became a trailblazer in shale gas

(3 February 2012)
GLENAIRE-1 near Mt Gambier, South Australia, barely rated a mention in Beach Energy’s 2007 annual report.  - more



The Big Picture

How Beach became a trailblazer in shale gas

  - more

Asia Watch

CNOOC aims to triple output by 2030

  - more

The Analyst

ANALYST WRAP: Punts of the week

  - more

Slugcatcher

Slugcatcher revisits the unfolding Woodside LNG puzzle

  - more



Breaking News


Shell on the growth path

(3 February 2012)
DESPITE expecting continued volatility in the global economy and energy markets, oil giant Shell has announced ambitious growth plans to boost cash flow up to 50% in the next four years.  - more

Personnel Movements: Sino gets diplomatic

(3 February 2012)
HESELTINE, Sino Gas & Energy; Lane, Tamboran Resources; Mathew,Palanyk, Exoma Energy; Scott, PetroFrontier; Nelson, Martin, Sundance Energy; Miller, Hegelsen, Searcher Seismic  - more

NZ to be net exporter by 2030

(3 February 2012)
THE Ministry of Economic Development forecasts New Zealand could become a net exporter of petroleum by 2030 if enough discoveries are made and brought onstream.  - more

How Beach became a trailblazer in shale gas

(3 February 2012)
GLENAIRE-1 near Mt Gambier, South Australia, barely rated a mention in Beach Energy’s 2007 annual report.  - more

ANALYST WRAP: Punts of the week

(3 February 2012)
IN THIS wrap-up of analysts’ reports, Roc is not to be ignored, Horizon is to outperform while worries persist about Nexus’ Longtom reserves.  - more

CNOOC aims to triple output by 2030

(3 February 2012)
CHINA National Offshore Oil Corporation has big things in mind, aiming to double its output by 2020 and triple it by 2030 based on 2010 levels.  - more

Westside spudded

(3 February 2012)
HOPES are high after Oil Search spudded the P’nyang South-1 appraisal well in Papua New Guinea’s Western Province.  - more

US Update

(3 February 2012)
IN TODAY’S US update: Buccaneer to increase Alaskan reserves; production at Abita-1 to get underway; Antares completes second $10 million drawdown; Durvenay JV bags another sale; Aurora announces pricing of senior notes offering.  - more

News wrap: PNG LNG, Hot Rock and Mexican fuel thieves

(3 February 2012)
EXXON yet to resume full PNG LNG work post landslide; Hot Rock set to ink biggest geothermal farm-in deal; and Pemex accuses oil majors of selling stolen fuel.  - more

Oil to start flowing from PEL 91

(2 February 2012)
PRODUCTION from the Bauer and Hanson oil discoveries at PEL 91 in the Cooper Basin will start up in the June quarter, after all four Bauer wells and Hanson-1 were completed for production by Beach Energy.  - more

Moore calls it quits

(2 February 2012)
WESTERN Australian Mines and Petroleum Minister Norman Moore will retire from state parliament in May next year after deciding to not seek pre-selection for the next state election.  - more

Apache snares Burrup share

(2 February 2012)
APACHE Energy has paid the ANZ Bank $US439 million for a 49% stake in Burrup Holdings Ltd, the owner of an ammonia fertiliser plant in the Burrup region of Western Australia.  - more

Clough wins $350M Wheatstone work

(2 February 2012)
THE flow of contracts to Australian companies for Chevron’s Wheastone LNG project is gaining momentum, with Clough securing a $A350 million offshore hook-up and commissioning contract.  - more

A tale of two fabricators

(2 February 2012)
MARK Taylor, managing director of Darwin-based Fingers Specialised Metal Fabrication is spending a lot of his time lately talking to the media.  - more

Winchester drilling held up by PTTEP

(2 February 2012)
THE Santos and Octanex joint venture in the Dampier sub-basin has become the latest to be put out by PPTEP’s longer program at Montara, with the Ensco 109 jack-up rig now expected to be in the JV’s hands in the fourth quarter rather than the third.  - more

With confidence comes cash: Hays

(2 February 2012)
AUSTRALIAN oilies are the second best paid in the world, according to a new salary survey.  - more

News wrap: Tamboran, US refineries

(2 February 2012)
A PRIVATELY held Australian company is looking for investors in its Irish shale gas venture; and a tentative contract has averted a US refineries strike.  - more

Wortel taps open

(2 February 2012)
SANTOS has begun gas production from the $US105 million ($A98 million) Wortel gas field in Indonesia that is expected to drive the company’s production growth this year.  - more

L&M to begin NZ CSG campaign

(2 February 2012)
LISTED New Zealand junior L&M Energy is about to kick off its 2012 coal seam gas exploration program with the first of five wells scheduled for its Kaitangata lease south of the Otago city of Dunedin.  - more

Kea kicks off in 2012

(2 February 2012)
UK-LISTED Kea Petroleum is about to start its 2012 New Zealand exploration campaign with high hopes that its second well in its onshore Taranaki lease PEP 51153 will encounter commercial oil.  - more

QGC takes slice in Drillsearch

(2 February 2012)
AUSTRALIA’S shale gas lure continues, with BG Group deciding to exercise options to buy a stake in Drillsearch Energy as part of an alliance announced last July.  - more

US update

(1 February 2012)
IN TODAY’S US update: Texon loses a worker at Peeler; Austin to start production testing at Eagle Ford; Austex gets peak numbers in Oklahoma; Grand Gulf waits on Louisiana drilling; Entek working through Niobrara data; Burleson gets 2P figures in Texas; Range goes steady at North Chapman.  - more

News wrap: Kogas, Exxon and BP

(1 February 2012)
KOREA's Kogas signs up for LNG from the US; Exxon output disappoints; and US federal court asks BP to indemnify Halliburton.   - more

Energy Briefs

(1 February 2012)
IN TODAY’S briefs: International Petroleum cashes in on investor demand; Central in halt; Cue to evaluate Indonesian well.  - more

Clement’s Asian ambition

(1 February 2012)
NOT for first time in his career, Bruce Clement is turning to Asia to revive a company’s fortunes. By Paul Garvey in Hong Kong  - more

Commodities


Commodity   Current Price ($US) Change ($US) Change (%) Previous Price
Prices          
WTI Mrach 2012   96.36 -1.25 -1.30 97.61
Brent March 2012   111.56 0.58 0.52 110.98
Opec Reference Basket   111.21 0.10 0.09 111.11
Tapis Crude   121.13 0.35 0.29 120.78
Dubai Fateh   109.41 0.04 0.04 109.37
Nymex Natural Gas Futures   2.55 0.17 6.73 2.38
Baltic Dirty Tanker   801.00 -2.00 -0.25 803.00
Baltic Dry Index   651.00 -11.00 -1.69 662.00
Currencies          
$A/$US   1.07 0.00 -0.07 1.07
GBP / $US   1.58 0.00 -0.02 1.58
Euro / $US   1.31 0.00 -0.07 1.31
Euro / $A   1.23 0.00 0.00 1.23
Indicies   Current Change Change % Previous
Dow Jones   12705.41 -11.05 -0.09 12716.46
NASDAQ   2859.68 11.41 0.40 2848.27
S&P 500   1325.54 1.45 0.11 1324.09
FTSE 100   5796.07 5.35 0.09 5790.72
Nikkei 225   8858.69 -18.13 -0.20 8876.82

Most Popular Stories


Santos closing the gap on Woodside

(27 January 2012)
ANNUAL production reports released last week by Woodside and Santos reveal some striking differences in the trajectories of Australia’s two biggest independents.  - more

Slugcatcher revisits the unfolding Woodside LNG puzzle

(30 January 2012)
TWO down. One to go. That’s Slugcatcher’s verdict on the overdue admission last week by Woodside Petroleum that its monster Browse Basin LNG project was more than a potential company-maker, it also had the potential to be a company-breaker.  - more

Landslide at PNG LNG

(25 January 2012)
A MAJOR landslide near the $US15.7 billion ($A14.97 billion) PNG LNG project in Papua New Guinea yesterday is feared to have claimed lives and halted work.  - more

News wrap: Conoco, Hess and Chevron

(27 January 2012)
CONOCO confirms start on Browse drilling; Hess yet to make up mind on WA LNG; while Chevron's South American headache intensifies.  - more

Dragon to ride on winds of change

(25 January 2012)
WELCOME to the Year of the Black Water Dragon – a year which, according to the Chinese zodiac, should prove a game-changer. By Paul Garvey in Hong Kong  - more

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(19 January 2012)

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