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Friday
25 July 2008
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   TODAY'S STORIES
 
SLUGCATCHER 

Rejection of new tax a case of crying wolf


IT’S A tax, not expropriation. Once we all get that clear you will understand why the Slugcatcher hopes Australia’s liquefied natural gas industry doesn’t oversell its campaign against the country’s new emissions trading system.
Full Story...


MORE SLUGCATCHER

No heroes needed: vicious villain stalks ugly monster


Garnaut misses the G-spot


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PREMIUM FEATURES 

Enhanced oil recovery gathers momentum


AUSTRALIAN oil producers are turning their attention to squeezing more oil out of existing reservoirs, thanks to high oil prices and new subsurface techniques.
Full Story...


MORE PREMIUM FEATURES

Personnel movements, midweek update


Shareholder movements, midweek update


Deep heat, high hopes


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TECHNICAL & PRODUCT 
Neptune secures European patent


ENGINEERING services company Neptune Marine Services has acquired a European patent for its unique NEPSYS underwater dry welding technology.
Full Story...


LETTERS 
Different types of costs matter


A PNN reader who prefers to remain anonymous thinks that while the Slugcatcher is right to say in this week's comment [Rejection of new tax a case of crying wolf] that the LNG industry should not oversell its position, there is a fundamental difference between absorbing a cost on an existing project and a cost which impacts the initial LNG project investment decision [which he believes Don Voelte and others were actually alluding to].
Full Story...


MORE LETTERS

A swing and setting the record straight


Chevron keeping Gorgon down


Climate roles for everyone


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DRILLING 
On Target in Louisiana


PERTH-based Target Energy says flow testing on the Pine Pasture-2 well in the company’s East Chalkley oil appraisal and development project in Louisiana, has initially flowed 336 barrels of oil and 646bbl of water per day.
Full Story...


MORE DRILLING

Red Fork kick-offs drilling at East Oklahoma


Syngas project moves into second gear: GulfX


FAR poised for production and revenue leap


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PROJECT PROFILES 
Bechtel to build Queensland Curtis LNG plant


QUEENSLAND Gas Company and BG Group have signed on Bechtel as the project contractor for their proposed Queensland Curtis LNG plant near Gladstone.
Full Story...


MORE PROJECT PROFILES

Galoc start-up delayed


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FINANCE & LEGAL 
Cooper Basin, Indonesia lift Santos up


SANTOS has posted a 1% increase in second quarter 2008 production to 13.9 million barrels of oil equivalent over the first quarter following higher output from the Cooper Basin and Indonesia.
Full Story...


MORE FINANCE & LEGAL

Federal Court dismisses Clough’s injunction


AJ Lucas raises funds for Mitchell Drilling acquisition


Petsec posts lower 2Q production


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PRODUCTION 
Woollybutt production soars


PRODUCTION at the Woollybutt oil field has increased to 12,000 barrels per day after the Woollybutt South-4H well came on stream, according to partner Tap Oil.
Full Story...


MORE PRODUCTION

FAR poised for production and revenue leap


AusTex has success in Kansas


Thai oil find looking big, flowing strongly: Carnarvon


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Cooper Basin, Indonesia lift Santos up


SANTOS has posted a 1% increase in second quarter 2008 production to 13.9 million barrels of oil equivalent over the first quarter following higher output from the Cooper Basin and Indonesia.
Full Story...

Woollybutt production soars


PRODUCTION at the Woollybutt oil field has increased to 12,000 barrels per day after the Woollybutt South-4H well came on stream, according to partner Tap Oil.
Full Story...

GoM field to deliver for Entek


ENTEK Energy estimates the proven undeveloped reserves at the Main Pass 252 Block in the Gulf of Mexico is sufficient to produce cash flows to fully recover the development costs of drilling and completing two wells.
Full Story...

   CURRENT FOCUS FEATURES

SEAAOC 2008

Oil Search opens up gas menu

Inpex to make Ichthys decision by 3Q

NT hopes to land $50bn whopper

Montara held back

Nexus has LNG in its sights

LNG plants responsible for cost rise

Kitan a winner

Osaka has eye on CSM

Condensate tax removal justified: Ferguson

SEAAOC bigger than ever


  VIEW ALL STORIES on SEAAOC 2008


UPCOMING FOCUS FEATURES

AUGUST : OIL & GAS SAFETY
OCTOBER : NEW DIRECTIONS IN ENERGY

   TODAY'S STORIES CONTINUED


On Target in Louisiana


PERTH-based Target Energy says flow testing on the Pine Pasture-2 well in the company’s East Chalkley oil appraisal and development project in Louisiana, has initially flowed 336 barrels of oil and 646bbl of water per day.
Full Story...

Red Fork kick-offs drilling at East Oklahoma


US-FOCUSED Red Fork Energy has begun drilling at its 100%-owned East Oklahoma project with the spudding of the first well, RDFK 1-3, yesterday.
Full Story...

NMS lands $7m in new projects


NEPTUNE Marine Services’ pipeline stabilisation and grouting business Sea-Struct has secured projects worth about $7 million in total, in Australia and overseas.
Full Story...

Syngas project moves into second gear: GulfX


GULFX says phase one of the Syngas drilling program in South Australia targeting the Clinton area is complete and drilling of phase two in the Whitwarta area has begun.
Full Story...

FAR poised for production and revenue leap


FIRST Australian Resources says it expects production and revenue from Lake Long in South Louisiana to increase once the SL 328-6 well is completed in the productive 5500 sand.
Full Story...

Reserve upgrade for French project: European Gas


EUROPEAN Gas has announced a 50% increase in its 1P (proved) reserves to 49 petajoules at the wholly owned Gazonor project in northern France.
Full Story...

Beach backs Woodside over Rudd’s carbon plans


BEACH Petroleum is on the same page as Woodside about concerns the Federal Government’s proposed emissions trading scheme will hurt the nation’s growing liquefied natural gas industry.
Full Story...

Federal Court dismisses Clough’s injunction


THE Federal Court of Australia has dismissed Perth-headquartered engineering and construction company Clough’s interim injunction preventing Indian oil and gas giant ONGC from claiming performance guarantee bonds worth $US21.5 million ($A22.2 million).
Full Story...

Enhanced oil recovery gathers momentum
Exclusively for Premium Subscribers


AUSTRALIAN oil producers are turning their attention to squeezing more oil out of existing reservoirs, thanks to high oil prices and new subsurface techniques.
Full Story...

Metgasco cranks up CSM reserves


METGASCO has upgraded its 2P coal seam methane reserves in PEL 16 in the Clarence Morten Basin by 21% to 298 petajoules.
Full Story...

AJ Lucas raises funds for Mitchell Drilling acquisition


AJ LUCAS Group has completed a $29.2 million equity placement through the issue of 5.5 million new ordinary shares to partially fund the acquisition of Mitchell Drilling Corporation.
Full Story...

Cooper delivers record oil production


COOPER Energy has posted a 48% increase in oil production for the 2008 financial year to a record 380,135 barrels and a 107% increase in production revenue to $44 million.
Full Story...

Harriet JV drilling another well


THE Apache-led Harriet Joint Venture has spudded the Simpson-9 development well in permit TL/6 in Western Australia’s Barrow sub-basin, according to partner Tap Oil.
Full Story...

New drilling program targets SA: Austin


AUSTIN Exploration says its new oil and gas drilling program will target South Australia’s Yorke Peninsula next year.
Full Story...

Braemer 2 power station progressing: Arrow


THE Braemar 2 partnership between Arrow Energy and ERM Power has secured $335 million in project finance for the development of the 450MW Braemar 2 Power Station in Queensland.
Full Story...

UraniumSA keeps eye on Mullaquana oil shale


ADELAIDE-based UraniumSA has decided to assess the prospectivity of oil shale and lignite deposits intersected by nine of the 30 uranium exploration holes recently drilled on the company’s Mullaquana tenement in South Australia.
Full Story...

Different types of costs matter


A PNN reader who prefers to remain anonymous thinks that while the Slugcatcher is right to say in this week's comment [Rejection of new tax a case of crying wolf] that the LNG industry should not oversell its position, there is a fundamental difference between absorbing a cost on an existing project and a cost which impacts the initial LNG project investment decision [which he believes Don Voelte and others were actually alluding to].
Full Story...

Halliburton offers cementing service to extend well life


HALLIBURTON has introduced a new cementing service that the company says is designed to increase the economic life of wells.
Full Story...





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