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Tuesday
6 January 2009
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   TODAY'S STORIES
 
SLUGCATCHER 
Oil poised for quick pick-up


SPEED, by which Slugcatcher means the pace at which things happen, and not a drug of dubious repute, has become one of the most interesting aspects of the oil patch, and a pointer to better times ahead.
Full Story...


MORE SLUGCATCHER

Slugcatcher’s 2008


CTL players having trouble lighting up


Slugcatcher’s 2008


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PREMIUM FEATURES 

Crude ends volatile year under $US40


OIL prices closed just under $US40 a barrel on New Year’s Eve, capping a year that saw prices hit record peaks before plummeting to four-year lows in just five months.
Full Story...


MORE PREMIUM FEATURES

Light at the end of the tunnel


The N to Z of exploration


Personnel Movements for the week ending January 2


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TECHNICAL & PRODUCT 

UV solution for injection water


ULTRAVIOLET disinfection specialist Hanovia has developed a UV system that the company says will prevent microbial contamination of downhole injection water during oil recovery, reducing the need for traditional disinfection chemicals.
Full Story...


MORE TECHNICAL & PRODUCT

New field-based wireless sensor network system unique: Datacall


Honeywell to secure Pluto


Virtual world recreates offshore environments


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DRILLING 
JV partners to kick off another Edirne drilling campaign


JOINT venture partners Incremental Petroleum and Otto Energy expect to start drilling the first well in their development drilling program at the Edirne gas project, in Turkey’s Thrace Basin, tomorrow.
Full Story...


MORE DRILLING

Beach hits another winner at Callawonga


Low oil price slows Incremental’s drilling plans


MEO seeking farm-in partner for Timor Sea projects


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PROJECT PROFILES 
Santos selects Bechtel for Gladstone FEED


SANTOS has appointed Bechtel as the front-end engineering contractor for the downstream components of its planned Gladstone liquefied natural gas project in Queensland.
Full Story...


MORE PROJECT PROFILES

FPSO contractor to pursue compensation from BMG JV


Apache puts Reindeer, Devil Creek on ice, secures funds for Oz oil projects


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FINANCE & LEGAL 
AGL ups stake in Sydney Gas


AGL Energy has increased its stake in takeover target Sydney Gas for the fourth time in as many trading days.
Full Story...


MORE FINANCE & LEGAL

MEO seeking farm-in partner for Timor Sea projects


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PRODUCTION 
Beach targeting production boost at Cooper field


BEACH Petroleum is working to increase the handling capacity of the Moomba to Port Bonython liquids pipeline after the company’s success with the recent Callawonga-6 well at the Callawonga oil field in PEL92 of the Cooper Basin.
Full Story...


MORE PRODUCTION

Po Valley signs gas sales deal


Low oil price slows Incremental’s drilling plans


BassGas cranks output back up


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MARINE 
Mermaid begs off on vessel acquisition


MERMAID Marine is taking the cautious route with its decision not to go ahead with buying a new anchor handling tug supply vessel priced at about $US18.2 million ($A25.5 million).
Full Story...




 


Cooper secures gas prone Otway permit


COOPER Energy has been awarded an exploration permit for Block C in the onshore Otway Basin, South Australia, that is near to existing gas fields and gas production infrastructure.
Full Story...

Essar to shoot NT 3D seismic


INDIAN upstream player Essar Exploration and Production is moving quickly to start shooting 3D seismic on its recently awarded NT/P77 in the Bonaparte Basin off the Northern Territory.
Full Story...

Greenearth discovers another hot rocks play


GREENEARTH Energy says its Seaspray area in GEP13 of the onshore Gippsland region, Victoria, has the potential to host a producing geothermal field with an estimated resource of about 3600 petajoules.
Full Story...

   CURRENT FOCUS FEATURES

Safety, Skills & Training

Safety overview at AOG

Joint inquiry launched into Varanus Island

Pepanz kicks off NZ skills plan

Oil and gas training facility pumps out first graduates

i-Tech team wins Chevron safety award

Formal safety management system a priority: NOPSA

AOG to address health and safety issues

URS wins training award for safety program






   TODAY'S STORIES CONTINUED


JV partners to kick off another Edirne drilling campaign


JOINT venture partners Incremental Petroleum and Otto Energy expect to start drilling the first well in their development drilling program at the Edirne gas project, in Turkey’s Thrace Basin, tomorrow.
Full Story...

Beach targeting production boost at Cooper field


BEACH Petroleum is working to increase the handling capacity of the Moomba to Port Bonython liquids pipeline after the company’s success with the recent Callawonga-6 well at the Callawonga oil field in PEL92 of the Cooper Basin.
Full Story...

Beach hits another winner at Callawonga


BEACH Petroleum has continued its string of successes on the Callawonga oil field with the Callawonga-6 well successfully defining the southern flank of the Cooper Basin field.
Full Story...

Mermaid begs off on vessel acquisition


MERMAID Marine is taking the cautious route with its decision not to go ahead with buying a new anchor handling tug supply vessel priced at about $US18.2 million ($A25.5 million).
Full Story...

Oil poised for quick pick-up


SPEED, by which Slugcatcher means the pace at which things happen, and not a drug of dubious repute, has become one of the most interesting aspects of the oil patch, and a pointer to better times ahead.
Full Story...


AGL ups stake in Sydney Gas


AGL Energy has increased its stake in takeover target Sydney Gas for the fourth time in as many trading days.
Full Story...

Po Valley signs gas sales deal


PO VALLEY has greeted the new year with a gas offtake sales agreement worth 38 million euros ($A77.5 million) for about half of its production from the Sillaro and Castello fields in Italy.
Full Story...

Low oil price slows Incremental’s drilling plans


INCREMENTAL Petroleum has deferred drilling two wells in the current drilling campaign at its joint venture Edirne project in Turkey due to low oil prices.
Full Story...

Barnett pushing ahead with LNG hub


WESTERN Australia Premier Colin Barnett is forging ahead with the development of a liquefied natural gas hub at James Price Point in the Kimberley region despite opposition from environmental groups.
Full Story...

Golden State charging ahead in Utah


PERTH-based Golden State Resources has secured a drilling contract and entered into a $3 million share facility agreement to raise additional drilling funds for the Paradox Basin-2 well at the Golden Eagle oil and gas prospect in Grand County, Utah.
Full Story...

Origin kicks off NZ 3D seismic


ORIGIN Energy has started its strategic 3D seismic survey of the potentially huge Carrack-Caravel prospect in New Zealand’s PEP 38262, offshore Canterbury Basin.
Full Story...

MEO seeking farm-in partner for Timor Sea projects


MEO Australia plans to begin the farm-out process to attract a new partner for its Timor Sea projects during the second quarter after Resource Development International’s farm-in options lapsed.
Full Story...

Crude ends volatile year under $US40


OIL prices closed just under $US40 a barrel on New Year’s Eve, capping a year that saw prices hit record peaks before plummeting to four-year lows in just five months.
Full Story...

Light at the end of the tunnel
Exclusively for Premium Subscribers


INCREDIBLY, over the nearly three years in which StockAnalysis has been published, the overall stock market has fallen 29% while the materials index has dropped 26%. BY PETER STRACHAN
Full Story...

Jatropha-powered plane takes flight


THE viability of biofuels may have received a boost today after Air New Zealand successfully flew a passenger jet powered partly by oil from the jatropha plant.
Full Story...

The N to Z of exploration
Exclusively for Premium Subscribers


Exploration disappointments have not dented assessments of New Zealand’s prospectivity. By NEIL RITCHIE
Full Story...

Eromanga JV continues drilling in Brazil


EROMANGA Hydrocarbons and Brazilian partner Gavea have started drilling a second appraisal/production well in Block 330 of the Sergipe-Alagoas Basin, Brazil.
Full Story...

Personnel Movements for the week ending January 2
Exclusively for Premium Subscribers


DAVID Bradley, Dougal Ferguson, Salinas; Tony Radford, Neil Tomkinson, Michael Daniel, Joshua Pitt, Pan Pacific Petroleum; John Towner, Sir Michael Bromley, New Guinea Energy.
Full Story...





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