Mitra Energy has changed its name to Jadestone Energy, effective immediately. 'We are moving in a new direction and we want to be defined by our actions in the years ahead rather than by the past,” said Paul Blakeley, executive chairman…
New Zealand Oil & Gas has reached agreement to sell its 15% interest in the Kupe gas and light oil fields and production station to Genesis Energy for US$119 million (NZ$168 million), offshore New Zealand. The effective date of the transaction…
Quadrant Energy has commenced drilling of the Roc-2 well, offshore Western Australia, said partner Carnarvon Petroleum. The main aims of the Roc-2 well are to appraise the Roc gas-condensate discovery in the Caley section. The information…
The next five years will bring a reshaping of the global gas trade, the International Energy Agency (IEA) said in its 2016 Medium-Term Gas Market Report. New liquefied natural gas (LNG) supplies are coming online just as demand growth in some major markets weakens…
Software that enables acoustic data to be streamed in real-time from subsea structures as they are installed has helped to reduce non-production time (NPT) for independent oil and gas producer, INPEX, and its survey contractor, Neptune Geomatics…
Tracerco, an oil and gas service company part of Johnson Matthey, has brought its technology to the Australasia region, permanently basing their equipment at their Western Australia facility in Perth. OTC Spotlight on New Technology 2015 winner…
Wood Group is continuing to expand its Automation and Control business, establishing automation capabilities at Wood Group Mustang’s Kuala Lumpur office to serve the Asia Pacific market. With this entry into the Asia Pacific markets,…
Carnarvon Petroleum has announced that operator Quadrant Energy has spud the Roc-1 well on 24 November 2015. Drilling is expected to reach 4700m total depth, and take about 35-40 days trouble free. Well logging and sidewall coring is expected to take about 5-10 days on success case…
Mitsui has reached an agreement with Santos concerning the acquisition of Santos' 35% working interest in the Kipper gas and condensate field offshore Southern Australia. The sales and purchase agreement was signed on 6 November 2015 between…
Origin Energy is entering a deal to sell 53% stake of its New Zealand subsidiary Contact Energy for approximately US$3.06 ($4.65 NZD) per share in an attempt to reduce the company’s debt and costs. Image of BassGas…
Mechanical engineering group EnerMech has announced that general manager Niall Conlon has been promoted to director of its Australian operations, with Ciaran Hallinan taking over his role as general manager. The promotion is in recognition…
Polarcus has secured further industry prefunding enabling the expansion of the Capreolus 3D multi-client project offshore Australia. The additional pre-funding will see the survey expand northwards with an additional 7130sq km to be covered…
Dubai's Drydocks World has successfully completed turret modules 1 and 2 for the world’s largest floating liquefied natural gas (FLNG) facility. This innovative FLNG facility will be stationed at Shell's Prelude gas field off the northwest coast of Australia…
Business is good in the oilfield, and as increased production and steady commodity prices contribute an influx of cash, operators are reinvesting in themselves, expanding their share buyback programs. Management usually says that…
On 17 July, senators in the Australian Parliament voted to disallow the Federal Government from continuing to issue Maritime Crew (subclass 988) visas to foreign workers for the purposes of working in Australia’s offshore oil and gas industry…
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