Explorers in 2015 discovered only about a tenth as much oil as they have annually on average since 1960. This year, they’ll probably find even less, spurring new fears about their ability to meet future demand.
Source: Offshore
Oil Discoveries At A 70-Year Low Signal A Supply Shortfall Ahead
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The state of Victoria plans to ban shale and coal seam gas fracking in what would be Australia’s first permanent ban on unconventional gas drilling, citing the concerns of farmers and potential health and environment risks.
Source: Offshore
Australian State To Permanently Ban Onshore Gas Fracking
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Malaysia’s Coastal Contracts is optimistic about its impending entry into Indonesia’s liquefied natural gas (LNG) market after acquiring PT Jaya Samudra Karunia Gas (JSK Gas) for $20.8 million.
Source: Offshore
Malaysia's Coastal Contracts Bullish on Entry into Indonesia's LNG Market
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UGL-Kentz Joint Venture confirms commercial settlement of Ichthys structural, mechanical and piping (SMP) project in Australia up to May 31.
Source: Offshore
UKJV Confirms Commercial Settlement of Ichthys SMP Project Up to May 31
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Origin Energy commences production from the Halladale/Speculant gas fields in the Otway Basin offshore Victoria, Australia.
Source: Offshore
Origin Commences Production from Halladale/Speculant Fields in Otway Basin
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Uganda expects three oil companies to invest $8 billion in the East African nation before they start producing crude in 2020, Energy Minister Irene Muloni says.
Source: Offshore
Oil Companies May Spend B to Start Output in Uganda
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China will be the “loser” if it does not recognize an international court ruling against its territorial claims in the South China Sea, Philippine Foreign Minister Perfecto Yasay says.
Source: Offshore
Philippines Says China Must Recognize South China Sea Ruling
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Keppel Shipyard holds naming ceremony for floating production storage and offloading (FPSO) Armada Kraken ahead of delivery to Bumi Armada for deployment to the Kraken oil field in the North Sea.
Source: Offshore
FPSO Armada Kraken on Track for North Sea Deployment
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AWE commences first gas sales from Stage 1 of the Waitsia gas project in production license L1/L2 in the Perth Basin, Western Australia.
Source: Offshore
AWE Commences Gas Sales from Stage 1 of Waitsia Gas Project in Perth Basin
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Petro Matad gives an update on its exploration program in Mongolia’s Blocks IV and V, with firm likely to issue a drilling tender before end of 2016.
Source: Offshore
Petro Matad Updates on Blocks IV, V Exploration Program in Mongolia
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