Latest News

CNOOC hits gas in Bohai Bay

Posted by

China’s CNOOC has announced a mid-sized natural gas field discovery, Bozhong 19-6 in Bohai Bay, offshore China. The company said Bozhong 19-6 trap was located in the southwest sag of Bozhong south central Bohai, in average water depths of about 22 meters. The discovery well Bozhong 19-6-1 was drilled and completed at a depth of 4,181 meters and encountered oil pay zones with a total thickness of approximately 25 meters and a gas reservoir with a total thickness of about 348...

READ MORE

Po Valley toasts Podere Majar well in Italy

Posted by

Positive log results have been announced by Australian ASX-listed natural gas company, Po Valley Energy Limited, from the drilling of its Podere Maiar 1dir (“PM1”) well in the Selva Gas Field in northern Italy’s Podere Gallina licence area. It will now be completed as a production well. PM1 was successfully drilled to a total depth of 1,330 metres in the Pliocene ahead of schedule and on budget. Downhole log results from Schlumberger confirm a gross gas pay of 53m. The top of...

READ MORE

AWE rejects China takeover woos

Posted by

AWE Limited has resisted a proposal from China Energy Reserve and Chemical Group for the acquisition of 100% of its shares. AWE revealed that the unsolicited, non-binding, indicative, and conditional offer came from China Energy Reserve and Chemical Group’s (CERCG) Australian subsidiary. The company said China’s state-owned CERCG wanted to acquire 100% of its shares on a fully diluted basis, at a price of $0.71 cash per share under either a recommended takeover bid or a scheme of...

READ MORE

Zoe Yujnovich becomes first woman Chair of APPEA

Posted by

The Board of the Australian Petroleum Production & Exploration Association (APPEA) was pleased to announce the election of Zoe Yujnovich as Chair and Michael Abbott as Vice Chair following APPEA’s Annual General Meeting in Perth last week. Ms Yujnovich, Chairman of Shell Australia, has more than 25 years’ experience in the international resources industry. She has a Bachelor of Engineering from the University of Western Australia and an MBA from the University of Utah. Ms Yujnovich...

READ MORE

OGA releases free UK offshore seismic data

Posted by

The Oil and Gas Authority in the United Kingdom has released the $35 million government-funded seismic data to promote exploration in under-explored areas of the UK and the North Sea. The datasets, now available to industry and academia, will support the next Offshore Licensing Round, set to open in mid-2018, and contains 19,000km of newly acquired broadband seismic data, new gravity and magnetic surveys, approximately 23,000km of reprocessed legacy seismic data and a rejuvenated set of...

READ MORE

Global Petroleum extends license offshore Namibia and seeks farm-in partner

Posted by

Brisbane-based Global Petroleum has been granted an extension by the Namibian Ministry of Mines and Energy for its license offshore in the Walvis Basin and entered into second renewal period. Global, via subsidiary Jupiter Petroleum, holds an 85% participating interest in Petroleum Exploration Licence No. 0029, encompassing offshore blocks 1910B and 2010A located in the Walvis Basin. Global Petroleum’s subsidiary, Jupiter Petroleum, been granted an extension to the First Renewal...

READ MORE

AWE delivers flow test record from Waitsia field

Posted by

AWE Energy has popped the bubbly, celebrating one of the highest onshore flow rates in the Australian oil and gas industry. The Sydney independent oil and gas producer revealed that the Waitsia-4 well in the Perth Basin flowed gas at an instantaneous maximum rate of 90 million standard cubic feet per day from the Kingia Sandstone and an average of 89.6 MMscf/d on a 96/64 inch choke at ~2,395 psig flowing well head pressure over a 23-minute period. AWE shares soared 7% to 58c on the...

READ MORE

Australian subsea sector set to see major activity improvement

Posted by

THE Australian subsea oil and gas industry is about to see a significant increase in activity, according to one of the region’s leading figures. Marius Martens, the Chairman of national industry body, Subsea Energy Australia. and a senior committee member overseeing content for the 2018 Australasian Oil & Gas Exhibition & Conference (AOG2018) Subsea Forum, says that subsea activity is expected to grow to support both new and recently constructed projects. In terms of new projects; Mr...

READ MORE

Graeme Bethune

Scholarships for World Gas Conference in Washington DC

Posted by

The Australian Gas Industry Trust (AGIT) is offering up to five scholarships to be part of the Australian delegation attending the 27th World Gas Conference (WGC18) in Washington DC from June 25-29. Participants under the age of 40 in the Australian gas industry are invited to attend. Hosted every three years by the International Gas Union (IGU), WGC2018 will be the world’s largest gas conference. Over 500 speakers will talk in 100 sessions under the theme “Fuelling the Future”...

READ MORE

Fabulous fairway fun at PESA ASEG Golf Classic

Posted by

[caption id="attachment_62759" align="alignnone" width="350"] Aggregate winners The ION team of Jeromy DePledge, Gerry Spanninga, Kim McInerney and Graeme Eastwood.[/caption] To mark the 30th anniversary of the annual Golf Classic, the organisers pulled out all the stops this year to secure the Cut Golf Course in Dawesville, just south of Mandurah, to give Adam Scott wannabees the chance to drive for show, putt for prizes and then strut their stuff on the fairways. Blue skies and...

READ MORE