AWE raises onshore Perth Basin gross recoverable gas in Western Australia to more than 700 billion cubic feet after evaluating the Waitsia-1 and Waitsia-2 appraisal well results.
Source: Offshore
AWE Raises WA's Perth Basin Gross Recoverable Gas to 700 Bcf
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Otto Marine accepts delivery of a work maintenance vessel that was built in China, with the newbuild to commence a charter in Southeast Asia soon.
Source: Offshore
Otto Marine's Newbuild Work Maintenance Vessel Prepares for SEA Charter
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Santos’s first half 2015 net profit fell 82 percent to $27 million, with the decline attributed to lower oil prices and higher exploration expense.
Source: Offshore
Australia's Santos Posts 82% Fall in 1H 2015 Net Profit to M
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Santos CEO David Knox is stepping down as a slide in crude prices increases pressure on the Australian oil producer, stoking speculation it could become a takeover target.
Source: Offshore
Santos CEO Knox Stepping Down Stokes Takeover Speculation
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The oil price is near its lowest in more than a decade, cash reserves are being depleted, emerging markets are in turmoil and Saudi Arabia is beginning to panic.
Source: Offshore
Saudis Get That 1998 Feeling as Lower Oil Price Threatens Wealth
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Prosafe SE offers a “robust” short-term outlook and is optimistic about long-term market conditions.
Source: Offshore
Prosafe SE: Robust Short-Term Outlook, Optimistic About Long-Term
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Aubrey McClendon, the wildcatter who pioneered the U.S. shale revolution by going where big oil companies wouldn’t, is at it again. This time in Australia.
Source: Offshore
Big Oil’s Flight Draws U.S. Risk Takers to Australian Shale
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Oil heads for the longest run of weekly declines in almost three decades on signs the supply glut that drove prices to a six-year low will be prolonged.
Source: Offshore
Oil Poised for Longest Weekly Losing Streak Since 1986 Amid Glut
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Tempo Australia to provide more personnel for construction, pre-commissioning and commissioning services for the Gorgon liquefied natural gas project in Western Australia .
Source: Offshore
Tempo Australia Provides More Personnel for Gorgon LNG Project in WA
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The Norwegian Ministry of Petroleum and Energy approves the first phase of development for the Johan Sverdrup field.
Source: Offshore
First Phase of Johan Sverdrup Development Approved
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