Breaking News   |   Commodities   |   Most Popular Stories Friday, 24 May 2013    

General News


Oil, not asteroids in Beach’s sights

(24 May 2013)
BEACH Energy hopes to unlock the oil potential of a forgotten part of the Cooper Basin’s eastern edge under a planned joint venture with TSX-listed Bengal Energy.  - more
SHALE GAS

Shale effects on the agenda

(22 May 2013)
THE side-effects of the shale industry on water aquifers will be the focus of discussions run by the Australian Water Association, and the National Centre for Groundwater Research and Training.  - more

Transforming the unconventional


Feeling the heat of US shale revolution


Non-FTA exports double


US faces tough competition


Cooper’s amazing transformation


US releases fraccing proposal


James Price Point, rigs and beans – part two


James Price Point, rigs and beans


US company validates Austin


Next-gen proppant for cool operators


  VIEW ALL STORIES on SHALE GAS
APPEA 2013

AGR’s Perth team exhibiting at APPEA

(24 May 2013)
PERTH-based AGR Petroleum Services reservoir management division is celebrating 18 months in the Asia Pacific region at next week’s APPEA conference.  - more

Robotics at APPEA


Avoid the long lines


Treats for APPEA delegates


DMP to showcase WA industry at APPEA


Balloons, goldfish tell LNG story


Top prof on APPEA line-up


Voser named exec of the year


  VIEW ALL STORIES on APPEA 2013



Slugcatcher

Slugcatcher predicts price rigger pain

  - more


Shale Gas

Transforming the unconventional

  - more


Liquified Natural Gas

Development woes continue

  - more


Coal Seam Gas

Industry asked for input into fee restructure

  - more



Breaking News


News Wrap

(24 May 2013)
IN today’s News Wrap: Coleman’s dream; Lawsuits over price rigging begin; Keystone hurdle cleared.  - more

Oil indexing not going away: Deloitte

(24 May 2013)
OIL-linked pricing for LNG contracts isn’t going away but will be part of a diverse range of contracting options to emerge as 2017 approaches.  - more

AMA calls for CSG monitoring

(24 May 2013)
THE Australian Medical Association has called for greater monitoring of possible health effects stemming from coal seam gas projects.  - more

FLNG fracas heats up

(24 May 2013)
A FORMAL inquiry has been called into the impacts of FLNG projects on the state’s economy in the wake of Woodside’s decision to pull the plug on James Price Point for development of the Browse project.  - more

Pancontinental gets fresh Namibian evidence

(24 May 2013)
PANCONTINENTAL Oil & Gas is feeling bullish about its EL 0037 permit offshore Namibia on the back of nearby drilling as well as a massive headline resources number provided by DeGolyer and MacNaughton.  - more

Central makes case for future

(24 May 2013)
CENTRAL Petroleum managing director and chief executive officer Richard Cottee has outlined a clear plan for the company in the year ahead.  - more

Resources explored in developing nations

(24 May 2013)
THE Australian government has released a comprehensive assessment of how developing nations can be assisted to sustainably develop their resources ahead of the global Extractive Industries Transparency Initiative conference in Sydney today.  - more

Galoc movement

(24 May 2013)
DRILLING rig Ocean Patriot has left Singapore and is en route to the Galoc oilfield off the Philippine coast to drill two wells for Phase II of that project.  - more

Oil, not asteroids in Beach’s sights

(24 May 2013)
BEACH Energy hopes to unlock the oil potential of a forgotten part of the Cooper Basin’s eastern edge under a planned joint venture with TSX-listed Bengal Energy.  - more

Energy Briefs

(24 May 2013)
IN TODAY’S Energy Briefs: Karoon encounters problems; Oil Search gets better results; Origin Energy rig en route; and Kairiki fails to subscribe.  - more

Grand Gulf in litigation

(24 May 2013)
GRAND Gulf Energy is suing Legend Petroleum and Princeton Energy in the Louisiana District Court alleging misuse of seismic from the Napoleonville Salt Dome.  - more

Horizon down assets

(24 May 2013)
HORIZON Oil is selling 40% of its assets in PNG to Osaka Gas for $US204 million ($A210 million), forming a strategic alliance to develop Horizon’s assets.  - more

Sino gets two “buy” recommendations

(24 May 2013)
SINO Gas and Energy has caught the attention of two separate investment and research companies with Argonaut Securities and Euroz Securities both filing independent research on the company.  - more

RISC Advisory gets disclosure gig

(23 May 2013)
PERTH-based RISC Advisory has been commissioned to help the Australian Securities Exchange disclose how and what petroleum companies should disclose.  - more

Beach gets a touch bigger in the Cooper

(23 May 2013)
BEACH Energy has struck a deal with Canadian player Bengal Energy to take a 50% stake in ATP 732 in the Cooper Basin, saying it is looking forward to exploring for oil in the Tookoonooka area.  - more

Investment in resource sector poised to fall

(23 May 2013)
A GOVERNMENT commodities forecaster says committed investment in Australia’s resources projects has peaked and will continue to decline for the next five years as high value projects struggle to reach development stage.  - more

News Wrap

(23 May 2013)
IN today’s News Wrap: Shell still playing Woodside cards close to chest; Chevron arrest inflames Indon tensions; Turkey doing business with Kurdistan.  - more

Energy Briefs

(23 May 2013)
IN TODAY’S Energy Briefs: Beach Energy encounters oil; Horizon readies for announcement; Buru Energy completes sale; Leyshon expecting results; and Contact prices bonds.   - more

MEO picks up another permit

(23 May 2013)
MEO Australia has picked up its first acreage since admitting in March that it may be spread too thin.  - more

AusTex moves ahead despite stormy conditions

(23 May 2013)
THREE vertical wells are underway at AusTex’s Snake River project in Oklahoma despite serious weather conditions that moved through the city in the past week.   - more

Brazil piques Asian interest on cheaper valuations

(23 May 2013)
AS BRAZIL secures record bids at the first oil and gas auction in five years, activity in the energy sector looks set for an upswing, buoyed by the Asian energy demand, with many Asian state-owned oilies scouting for cheaper valuations for offshore fields. By Gomati Jagadeesan.  - more

Personnel Movements

(23 May 2013)
IN TODAY’S Personnel Movements: EIC gets president; Acteon adds managing director; American Capital adds to team; and Aubin appoints director.  - more

Maverick ups production

(23 May 2013)
MAVERICK Drilling & Exploration has hit some positive notes with good oil shows and an increase in production from a previously undiscovered formation.  - more

Petsec predicts uplift

(23 May 2013)
PETSEC chairman Terry Fern has told the company’s annual general meeting that operations at the Marathon project may pick up if US gas prices start to stabilise.  - more

Strike Energy strikes up funding

(23 May 2013)
STRIKE Energy has secured an $US8 million ($A8.2 million) funding package to progress its US operations in the Eagle Ford Shale and Permian basin.  - more

Commodities


Commodity   Current Price ($US) Change ($US) Change (%) Previous Price
Prices          
WTI July 2013   94.25 -0.03 -0.03 94.28
Brent July 2013   102.44 -0.16 -0.16 102.60
Opec Reference Basket   101.39 -0.56 -0.55 101.95
Tapis Crude   106.71 -1.61 -1.51 108.32
Dubai Fateh   98.66 -1.35 -1.37 100.01
Nymex Natural Gas Futures   4.26 0.08 1.76 4.19
Baltic Dirty Tanker   604.00 1.00 0.17 603.00
Baltic Dry Index   828.00 -1.00 -0.12 829.00
Currencies          
$A/$US   0.97 -0.01 -0.82 0.98
GBP / $US   1.51 0.00 -0.16 1.51
Euro / $US   1.29 0.00 -0.15 1.29
Euro / $A   1.34 0.01 0.67 1.33
Indicies   Current Change Change % Previous
Dow Jones   15294.5 -12.67 -0.08 15307.17
NASDAQ   3459.417 -3.88 -0.11 3463.299
S&P 500   1650.51 -4.84 -0.29 1655.35
FTSE 100   6696.79 -143.48 -2.14 6840.27
Nikkei 225   14951.46 467.48 3.13 14483.98

Most Popular Stories


Transforming the unconventional

(22 May 2013)
A GROUP of Perth students are on a mission to turn the unconventional into the conventional with research set to cut down on time and money in the shale industry.  - more

News Wrap

(23 May 2013)
IN today’s News Wrap: Shell still playing Woodside cards close to chest; Chevron arrest inflames Indon tensions; Turkey doing business with Kurdistan.  - more

Slugcatcher predicts price rigger pain

(20 May 2013)
IT WOULD be easier for everyone in the petroleum industry to imagine oil companies have not been manipulating the price of crude oil. But as Slugcatcher analysed reports about last week’s raids by regulators, he realised the allegations had a ring of truth to them.  - more

Jobs lost at Gorgon: reports

(20 May 2013)
CHEVRON has allegedly cut staff at its Gorgon project, according to The Australian Financial Review.  - more

Hydrocarbons first for Total

(22 May 2013)
FRENCH major Total may be singing a bullish tune in Australia, but high cost pressures have its voice wavering a touch.  - more

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