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Saturday
22 November 2008
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   TODAY'S STORIES
 
SLUGCATCHER 

Voelte floats an interesting question


FLOATING oil and gas production vessels are meant to be moveable. But in effect, Woodside Petroleum boss Don Voelte is proposing to use a floating production system atop the Sunrise gas field as his “immoveable object”.
Full Story...


MORE SLUGCATCHER

It’s the tax, stupid


Great party, big hangover


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PREMIUM FEATURES 

Bloodbath continues on ASX


THE global financial crisis has continued to plague the vast majority of stocks on PNN’s watchlist this week and even positive reports in unconventional plays failed to stop the carnage.
Full Story...


MORE PREMIUM FEATURES

Personnel movements for the week ended November 21


Crude tumbles below $US50 mark


Cashed-up sharks eye tasty morsels


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TECHNICAL & PRODUCT 

New field-based wireless sensor network system unique: Datacall


DATACALL Telemetry has developed and commercialised Australia’s first integrated field-based wireless sensor network (WSN) system, Fleck, which allows the real-time collection of data from large areas.
Full Story...


MORE TECHNICAL & PRODUCT

Honeywell to secure Pluto


Virtual world recreates offshore environments


Coretrack buys crucial component


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LETTERS 
JPDA not as far as you think


A PNN reader who prefers to remain anonymous writes in reply to the Slugcatcher’s comment [Voelte floats an interesting question] that the Sunrise partners might not need to move a floating LNG plant that far after all.
Full Story...


DRILLING 
Pure joy from CSG reserves certification campaign


COAL seam gas player Pure Energy has flow tested the Cameron-26 pilot well at the Cameron field in ATP 852P, Queensland, at a rate of 750,000 cubic feet per day and started drilling the next well, Cameron-27.
Full Story...


MORE DRILLING

Origin starts onshore Taranaki operations


Planet Gas drilling new Wyoming CSG project


Austin to kick off drilling program in historic Giddings field


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FINANCE & LEGAL 
Stuart well placed for drilling program in Cooper, Timor Sea


STUART Petroleum says its hedging strategy and improved production has boosted cash flow and will allow the company to pursue its planned drilling program in the Cooper Basin and Timor Sea in 2009.
Full Story...


MORE FINANCE & LEGAL

Impress capital raising falls short


Clough to get $60M for Varanus repairs


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PRODUCTION 
Production reduced from BassGass JV


THE BassGas joint venture is producing about one-third of normal levels due to the shut-in of the Yolla-4 well following the automatic hydraulic closure of a sub-surface valve, according to operator Origin Energy.
Full Story...


MORE PRODUCTION

Carnarvon a step closer to reaching Thai production target


Petsec to shut-in US platform


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Cooper pulls out of Seruway


COOPER Energy has washed its hands off the offshore Seruway production-sharing contact in North Sumatra, Indonesia, after a review of new data indicated it had no commercially viable prospects.
Full Story...

Arrow gets green light in China


ARROW Energy has been awarded a coal bed methane business development licence for its joint venture with the Urumqi Geological Exploration Development Company of Xinjiang Geological Survey.
Full Story...

Nexus would consider selling company


NEXUS Energy is open to a takeover in order to maximise shareholder value, chairman Michael Fowler told the company’s annual general meeting yesterday.
Full Story...

   CURRENT FOCUS FEATURES

Coal seam gas

Pure joy from CSG reserves certification campaign

Planet Gas drilling new Wyoming CSG project

Central confirms potential CSG/USG find in Perdika

Eastern Star tops up Narrabri CSG reserves

Eastern Star close to drilling multi-lateral production pilots in NSW

L&M spuds fourth CSG wells

CSME to test radial drilling for coal mine methane

Edgeroi-1 extends Bohena coal northwards

Eden selling UK CSG assets

AGL takes a sip of Spring Gully




  VIEW ALL STORIES on Coal seam gas



   TODAY'S STORIES CONTINUED


GulfX defines Beaufort resource


COALS-to-liquids player GulfX has announced a JORC-compliant resource of 249 million tonnes of coal in the Beaufort deposit in South Australia after completing a drilling program.
Full Story...

Pure joy from CSG reserves certification campaign


COAL seam gas player Pure Energy has flow tested the Cameron-26 pilot well at the Cameron field in ATP 852P, Queensland, at a rate of 750,000 cubic feet per day and started drilling the next well, Cameron-27.
Full Story...

Life heads for a corporate makeover


FAILED biotechnology company Life Therapeutics is looking to reinvent itself as an investment company with exposure to the oil and gas industry.
Full Story...

The pirates of Puntland


IF YOU have a taste for high-risk exploration, where frontier means wild frontier, then the very prospective and very dangerous Somali region of Puntland – the world capital of piracy – may be the place for you. It certainly is for Perth-headquartered petroleum explorer, Range Resources.
Full Story...

Origin starts onshore Taranaki operations


ORIGIN Energy has started its first major onshore Taranaki work program since buying most of the New Zealand assets of United States independent Swift Energy for about $US82.7 million (about $A129 million) last June.
Full Story...

Bloodbath continues on ASX
Exclusively for Premium Subscribers


THE global financial crisis has continued to plague the vast majority of stocks on PNN’s watchlist this week and even positive reports in unconventional plays failed to stop the carnage.
Full Story...

Planet Gas drilling new Wyoming CSG project


UNITED States-focused coal seam gas explorer Planet Gas says four out of 11 CSG wells at the Oriva Federal project in Wyoming have been completed with positive results.
Full Story...

Austin to kick off drilling program in historic Giddings field


AUSTIN Exploration has expanded its US oil and gas portfolio by taking on an additional 160-acre mineral lease in the historic Giddings field in Texas.
Full Story...

Personnel movements for the week ended November 21


JOHN Saunders, Allan Campbell, Tony Sennitt, Sydney Gas; Bernard Wheelahan, John McInnes, Bass Strait Oil; Banmali Agrawala, Doone Wyborn, Neil Galwey, Geodynamics; Robert Bryan, Timothy Crommelin, Bill Way, Martin Houston, David Maxwell, QGC; Laurie Brown, Craig Gumley, Paul Fry, Kairiki Energy; Julian Tambyrajah, Richard Faull, Central Petroleum; Aaron Philip Gates, Eden Energy.
Full Story...

Crude tumbles below $US50 mark
Exclusively for Premium Subscribers


OIL prices have fallen below $US50 per barrel on Thursday, their lowest point since May 2005, as the economic crisis reduced energy demand to its weakest level in more than 20 years.
Full Story...

ETS will sink a third of new LNG projects: APPEA


THE federal government’s proposed emissions trading scheme would result in the cancellation of a third of new liquefied natural gas projects, APPEA chief executive Belinda Robinson told a Senate committee hearing into fuel and energy yesterday.
Full Story...

Aussie juniors suffering in tough times: Analyst


AUSTRALIAN oil and gas minnows are beginning to struggle against the plunging oil price and global financial crisis, according to Hartleys oil and gas analyst David Wall.
Full Story...

AED on acquisition drive



AED Oil is looking to diversify its portfolio by dipping into its sizeable war chest of about $300 million to make acquisitions in Australia and the Asia-Pacific region.
Full Story...

Linc to develop a CTL project in SA


COAL-to-liquids hopeful Linc Energy will focus on developing its first commercial underground coal gasification project in the recently acquired Arckaringa Basin, South Australia.
Full Story...

Cashed-up sharks eye tasty morsels
Exclusively for Premium Subscribers


THE ill wind casting a chill over the global economy has proved helpful to at least a few oil and gas players, notably cashed-up companies whose revenue in US dollars or other foreign currency has them well placed for Australian shopping trips.
Full Story...

Neptune will ride out storm: Lange


NEPTUNE Marine Services chief executive officer Christian Lange remains confident that the company will continue to experience strong growth despite the current economic and fiscal climate.
Full Story...

Oil shows in Stormbird-1 probe


VICTORIA Petroleum says oil shows were encountered while drilling in the Birkhead sandstone of the Stormbird-1 well in PEL 104, in South Australia’s Cooper Basin.
Full Story...

Moore’s wife sells shares to ward off speculation


WESTERN Australian Mines and Petroleum Minister Norman Moore has said his wife has sold her shares in BHP Billiton, Woodside Petroleum and Wesfarmers to address any perceived conflict of interest.
Full Story...





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