Salamander announces that the Bedug-1 exploration well in the Bontang PSC has been concluded as a gas discovery[i]. Bedug-1 was drilled using the Ocean General semi-submersible rig, the well reaching a total depth ('TD') of 1,693 m true vertical depth sub-sea ('TVDSS').
Leyshon Resources Limited (AIM/ASX:LRL) advises that, further to the announcement of April 22nd, flow testing of the two wells ZJS5 and ZJS6 by its wholly owned subsidiary, Pacific Asia Petroleum Limited (PAPL), is ongoing with initial results expected next week. Both wells ZJS5 and ZJS6 are part of an initial programme designed to explore and test the potential for commercial gas production in a highly prospective and unexplored 380 km2 central depression area that appears to demonstrate good continuity with the neighbouring Sanjiaobei discovery.
NuEnergy Gas Limited (ASX:NGY) has announced that the radial jetting program undertaken at the Muara Enim PSC Pilot Production Site for the Company's first pilot well was completed on 19 May 2013. Highlights include: 15 Radial jet laterals completed across 5 coal seams averaging 32m per lateral Total lateral penetration of 485m achieved within budgeted cost Increased access to coal now expected to stimulate increased water and gas production Dewatering operations scheduled to commence at the end of May Drilling of two additional pilot production wells planned to commence within the next six weeks NuEnergy well placed for first gas sales from Muara Enim by December 2013NuEnergy's Chairman Mr Graeme Robertson commented: 'We continue to make good progress with the Muara Enim PSC Pilot Program in South Sumatra and this marks an important step in achieving our stated goal of first gas sales by December 2013.
Salamander announces that an insurance claim is on-going relating to the North Kutei drilling campaign. The campaign has so far resulted in the South Kecapi oil and gas discovery and a suspended potential gas discovery at North Kendang-1.
L53-DC3 Appraisal Well Pan Orient Energy Corp. (TSX VENTURE:POE) announce that the L53-DC3 appraisal well is currently on a 90 day production test producing 15 degree API oil by electrical submersible pump at a rate of approximately 160 barrels of oil per day with an 8% water cut, interpreted to be mainly completion brine based on the high salinity.
The Board of Green Dragon Gas Ltd. (AIM:GDG), one of the largest independent upstream companies involved in the production of CBM gas in China, is pleased to announce that it has concluded a comprehensive business review and is implementing a strategically focused growth plan.
AWE Limited (ASX: AWE) has increased its estimate of recoverable oil for the Ande Ande Lumut (AAL) K Sand development by 33% to 101 million barrels of oil (including upgrading what were previously considered Contingent Resources to Gross 2P Reserves), following an independent review and certification by Perth-based RPS Energy Services Pty Ltd ('RPS'), An additional 35 million barrels of gross recoverable oil in the underlying G Sand reservoir has also been classified as 2C Contingent Resources (AWE will need to prepare and submit a formal plan of development for normal regulatory approvals before these additional Contingent Resources can be upgraded and reclassified as 2P Reserves). As a result of these increases and reclassification, AWE reports that it is booking 50 mmbbls of Net 2P Reserves for AAL, which represent the company's Net Entitlement to Reserves under the terms of the Northwest Natuna PSC ('PSC').
Talisman Energy Inc. (TSX:TLM) (NYSE:TLM) has announced first oil production from its Hai Su Trang and Hai Su Den (HST/HSD) development, offshore Vietnam.
Jubilant is pleased to announce that KPL-3E-2, the fourth well of the six well Phase-III-Extension development drilling campaign in the oil producing Kharsang Field, was spudded on 17 May 2013. KPL-3E-2, located in the southern part of the field, located down-dip with respect to KSG#54 and KSG#55, is being drilled as an infill development well with the S-00 reservoir sand layer as primary objective and M-00, Q-00 and T-00 sand layers as secondary objectives.
Jubilant is pleased to announce that KSG#66 (previously referred to as KPL-3E-4), the second of the six development wells of the Phase-III-Extension drilling campaign in the Kharsang Field, Arunachal Pradesh, has successfully tested for oil and has been put into production at an initial gross rate of 81 barrels of oil per day ("bopd"). KSG#66 was an infill development well in the north-western part of the Kharsang Field with the H-00 reservoir sand layer as the primary objective and G-00 reservoir sand layers as secondary objectives.
Great Eastern Energy Corporation Limited (LSE: GEEC), the fully integrated, leading Indian Coal Bed Methane (CBM) company is pleased to announce that it has been awarded a 25% Participating Interest in Raniganj (North) Block which was offered by ONGC through a competitive bidding process initiated in January, 2013. Raniganj (North) Block is adjacent to the current Raniganj (South) Block of the Company in the state of West Bengal, India.
Salamander Energy plc issues the following Interim Management Statement (IMS) for the period from 1 January 2013 to 17 May 2013. Highlights Group production averaged 14,100 boepd in year to April 30th; production during May averaging 17,100 boepd.
We refer to the press release dated May 7, 2013, which announced the transaction to sell the T-15 Tender rig. Seadrill Limited has today completed the previously announced transaction to sell the T-15 tender rig to Seadrill Partners.
Far East Energy Corporation (OTCBB:FEEC) announced that production wells 115V and 119V have reached total depth; preliminary gas content has been determined for the SYE03 appraisal well; and two more wells have been commenced since our May 10th release. The newly spudded wells are the SYE-16, a new appraisal well, and the 62-2V, an additional production well, bringing to 16 the number of wells spudded thus far in 2013.
Fortune Oil announces its Interim Management Statement for the period 1 January 2013 to date. Highlights Shareholders of China Gas Holdings Limited ("CGH") and of Fortune Oil have both approved the proposed transaction in relation to Fortune Oil's natural gas business which will significantly strengthen the Group's balance sheet.
China Natural Gas, Inc. (PINK: CHNG), a leading provider of compressed natural gas (CNG) and LNG for vehicular fuel and pipeline natural gas for industrial, commercial and residential use in Xi'an, China, today announced its financial results for the first quarter ended March 31, 2013.
Salamander Energy plc announces that it has signed Production Sharing Contracts ("PSCs") for the Northeast Bangkanai and West Bangkanai license areas, onshore central Kalimantan, Indonesia. Salamander is the operator of both PSCs with a 100% working interest.
Coastal Energy Company (the "Company" or "Coastal Energy") (TSX: CEN, AIM: CEO), an independent exploration and production company with assets in Southeast Asia, announces the financial results for the three months ended March 31, 2013. The functional and reporting currency of the Company is the United States dollar.
Premier is pleased to report results from the testing of the Matang gas discovery on Block A Aceh (Premier equity 41.97 per cent) in Indonesia.
Far East Energy Corporation (OTCBB:FEEC) announced that appraisal well SYS03 has reached total depth; preliminary gas content has been determined for the SYE06 appraisal well; and, the 108D, an additional production well has spudded, bringing to 14 the number of wells spudded thus far in 2013. The focus for the company remains the drilling and well-fracing program that management detailed in its conference call heldApril 18, 2013, and which was discussed further in its operations update press release of May 6, 2013.
Kairiki Energy Limited announce that it has entered into a Memorandum of Understanding (MOU) for the acquisition of two significant onshore oilfields in northern China. The MOU between Kairiki, Beijing Junlun Runzhong Science & Technology Co Limited (Junlun) and Hefei Xinxin Petrochemical Limited (Xinxin or the Operator) contemplates the acquisition of Junlun's 100% interest in Xinxin, the holder of exclusive rights to explore and develop two oilfields, Daerqi and WengTe, in Innner Mongolia, China.
Greka Drilling Limited (AIM: GDL), the largest independent and specialized unconventional oil & gas driller in China, is pleased to announce that its Board has decided to pursue a listing on the Main Board of the Singapore Stock Exchange ("SGX") in addition to its existing quotation on London's AIM market. DBS Bank in Singapore has been appointed to advise Greka Drilling in respect of the SGX listing.
Hardy Oil and Gas plc, the oil and gas exploration and production company with assets in India, today issues its Interim Management Statement for the period from 1 January 2013 to the date of this announcement. Summary D3 - Interpretation of PSDM processing of 3D seismic data of 1,292 km2 covering the eastern area of the block is in progress and new exploratory locations are being identified D3 - Declaration of commerciality (DOC) for the Dhirubhai 39 and 41 natural gas discoveries is under review by the Government of India (GOI) PY-3 - Continued work towards the submission to partners and the GOI of a full field development plan GS-01 - Field development plan for Dhirubhai 33 natural gas discovery is with the GOI for review, discussions continue to increase our interest CY-OS/2 - Hon'ble tribunal ruled in the Company's favour, allowing for a further three years to appraise the Ganesha-1 natural gas discovery and awarded interest and costs to the Company (contingent asset - $24.
Neon Energy Limited (ASX: NEN) is pleased to announce that the Ensco 107 jack-up rig has been contracted to drill the Cua Lo prospect in the Company's offshore Vietnam Block 105-110/04 ('Block 105'). Drilling is scheduled to commence during June 2013, with exact timing subject to rig release by the previous Operator, Mitra Energy.
ROC advises that BC Petroleum Sdn Bhd ("BCP"), the company incorporated to operate and manage the Balai Cluster Risk Service Contract ("RSC") in Malaysia, commenced drilling the Bentara-3 well at 01:30 hours (Malaysian time) on 6 May 2013. Bentara-3 is the fifth well in the pre-development drilling programme in the Balai Cluster RSC.
PETRONAS wishes to announce the successful drilling of Cendor Graben-2 appraisal well within Block PM304 offshore Peninsula Malaysia. The well was drilled to a depth of over 1,000 metres and confirmed the presence of oil and some gas-bearing reservoirs.
Otto Energy Limited (OEL) (ASX: OEL) has been notified by BHP Billiton Petroleum (Philippines) Corporation (BHPB) (ASX: BHP), the Operator of Service Contract 55 (SC55) licence in the Republic of the Philippines, that it has lodged a formal notice of force majeure with the Philippine Department of Energy. The declaration of force majeure comes amid delays in receiving the Strategic Environmental Plan Clearance ("SEP Clearance") for SC55 from the Palawan Provincial Council for Sustainable Development ("PCSD"), as detailed in Otto's previous ASX announcement dated 13th April 2013.
Otto Energy Ltd (ASX: OEL), the 33%-owner and operator of the producing Galoc oil field joint venture offshore the Philippines, is pleased to provide the following update in relation to the Galoc Phase II development. Completion of Conditions Precedent to Close Financing Facility BNP Paribas has advised Otto Energy that all conditions precedent have been met relating to the project financing facility to provide US$37.
The Myanmar Ministry of Energy (MOE), on behalf of the Myanmar Government, announced an invitation for sealed bids for the Myanmar Offshore Blocks First Bidding Round - 2013 on 11 April 2013. The round offers offshore blocks for Petroleum Operations to be conducted on a Production Sharing basis.
The Bangladesh Oil, Gas and Mineral Corporation (PetroBangla), on behalf of the Government of Bangladesh, launched Bangladesh Offshore Licensing Round 2012 on 9 December 2012 and invited bids for 12 offshore blocks in the Bay of Bengal. Of the 12 blocks on offer, 9 blocks were shallow-water blocks and 3 blocks were deep-water blocks.
The Board of Green Dragon Gas Ltd. (AIM:GDG), one of the largest independent companies involved in the production of CBM gas and the distribution and sale of wholesale gas in China, is pleased to announce that is intending to demerge its engineering business by means of a dividend in specie of shares in Greka Engineering & Technology Ltd ("Greka Engineering") to Green Dragon Shareholders (the "Demerger").
HaiKe Chemical Group Limited, the AIM quoted (AIM: HAIK) petrochemical, speciality chemical and biochemical business based in China, today announces the following three changes to the Company's Board of Directors with immediate effect: Mr. James Yuann has stepped down from his role as a Non Executive Director of the Company and Chairman of the Company's Audit and Remuneration Committees Ms.
SUMMARY CAMBAY PSC (45% & OPERATOR), ONSHORE GUJARAT, INDIA Subsequent to the reporting period, the Cambay Work Programme and Budget covering activity through to the end of March 2014 was approved. During the quarter, three well workovers have been completed using a rig assigned from GSPC.
CNOOC Limited (NYSE: CEO, SEHK: 00883) announce its key operational statistics for the first quarter of 2013. During the quarter, the Company achieved a total net production of 93.
Safety, efficiency and productivity are the key features of the 24-streamer Ramform Titan which was named today at MHI yard in Nagasaki, Japan. The new ship will be the most powerful and efficient marine seismic acquisition vessel ever and the widest ship in the world at the waterline.
ROC advises that BC Petroleum Sdn Bhd ("BCP"), the company incorporated to operate and manage the Balai Cluster Risk Service Contract ("RSC") in Malaysia, has drilled the West Acis-2 well to a total depth (TD) of 2,307 metres TVDss. West Acis-2 is the fourth well in the pre-development drilling phase and is located in the Balai Cluster, offshore Eastern Malaysia.
Pan Orient Energy Corp. (TSX VENTURE:POE) announce that the L53-G2 exploration well is currently on a 90 day production test producing 24 degree API oil at a rate of approximately 350 barrels of oil per day ("BOPD") with a 0.
The Anglo-Turkish oil and gas independent, Genel Energy, today announced that a second drill-stem test carried out on the Chia Surkh 10 well has confirmed the existence of an additional oil bearing section. The test was carried out over a 12 metre zone in a younger Miocene section than the the first drill-stem test, and flowed at sustained rates of 3,200 barrels of oil a day and 8.
Bellatrix Exploration Ltd. (TSX: BXE), (NYSE MKT: BXE) announces that the Seoul Korea based company, has requested and been granted a one month extension to the closing for the previously announced Ferrier area Korean $300 million Cardium Joint Venture.
CNOOC Limited (NYSE: CEO, SEHK: 00883) announced that Weizhou 6-12 oil field has recently commenced production. Weizhou 6-12 oil field is located in Beibu Gulf Basin in the north part of the South China Sea with an average water depth of about 29.
Songa Offshore announce that a firm contract has been agreed and signed with eniVietnam for the use of Songa Mercur for one firm well offshore Vietnam. The contract will commence in direct continuation of the rig's current commitment and subsequent demobilization from Zarubezhneft (Cuba).
KrisEnergy Ltd, an independent upstream oil and gas company, announces that at 1000 GMT on 19 April 2003, the Randolph Yost jack-up rig commenced drilling of the Lengo-2 appraisal well in the Bulu production sharing contract ('PSC') in the East Java Sea, Indonesia. The Lengo-2 appraisal well is intended to delineate the Lengo gas discovery drilled in 2008.
Jubilant is pleased to announce that KPL-3E-6, the third well of the six wells Phase-III-Extension development drilling campaign in the oil producing Kharsang Field, Arunachal Pradesh, was spud on 20 April 2013. KPL-3E-6 is located in the central part of the field and is planned to exploit the untapped hydrocarbons in the infill area between wells KSG#11 and KSG#25, with the H-00 layer as the primary objective and the G-00 and I-00 layers as secondary objectives.
Sinopec Shanghai Petrochemical Company Limited (HKEx: 00338; SSE: 600688; NYSE: SHI) announced the unaudited operating results of the Company and its subsidiaries (the "Group") for the three-month period ended March 31, 2013 (the "Period"). Under the China Accounting Standards for Business Enterprises, the Group's operating income for the Period amounted to RMB28.
Genie Energy (NYSE: GNE, GNEPRA) said today that its subsidiary, Genie Oil Shale Mongolia, LLC (Genie Mongolia), and the Petroleum Authority of Mongolia (PAM) have entered into an exclusive oil shale development agreement to explore and evaluate the commercial potential of oil shale resources on a 34,470 km2 area in Central Mongolia. The five year agreement calls for Genie Mongolia to explore, identify and characterize the oil shale resource in the exclusive survey area and to conduct a pilot test using in-situ technology on appropriate oil shale deposits.
Greka Drilling Limited (AIM: GDL), the largest independent and specialized unconventional oil & gas driller in China, is pleased to announce that the first LiFaBriC well drilled under the third party contract for China National Petroleum Corporation (CNPC), the order for which was previously announced on 28th December 2012, was successfully completed and accepted by CNPC. The completion set new records for Measured Depth (MD) and True Vertical Depth (TVD) of any LiFaBriC well drilled by the Company to date.
SOCO announce that following the agreement of the owner and operator of the Floating Production Storage and Operating ("FPSO") vessel, and approval from the relevant Vietnamese authorities, the Hoang Long Joint Operating Company ("HLJOC") has completed the first phase of a multi-stage test of the TGT FPSO oil production handling capacity beyond the 55,000 barrels of oil per day ("bopd") contractual minimum quantity. The first phase of the capacity test, in which the FPSO successfully processed sustained production of over 60,000 bopd, confirmed our expectations based on the detailed pre-test simulations, that only minor modifications to the low pressure separator system would be required.
China has shown an interest in buying the stake of ConocoPhillips in a multinational consortium developing Kazakhstan's giant Kashagan oilfield, according to Kazakh Oil & Gas Minister Sauat Mynbayev. "Kazakhstan has not yet taken such a decision, but there is such a possibility," Mynbayev told reporters.
Salamander announces the spud of the Bedug-1 exploration well in the Bontang PSC. Salamander has a 100% operated interest in the Bontang PSC.
Fortune Oil announces the following development regarding its shareholding in China Gas Holdings Ltd ("CGH") which is held through China Gas Group Limited ("CGG"), a joint venture company between the Company and Mr Liu Minghui. As detailed in the Company's announcement on 17 February 2012, CGG entered into an arrangement with a private company ("Fortune Max") controlled and beneficially owned by Mr Daniel Chiu, a director and substantial shareholder in the Company, in order to help finance the purchase of CGH shares.
The Cambay Joint Venture, comprising Oilex Ltd ("Oilex", ASX: OEX, AIM: OEX) as Operator with 30% interest, Oilex NL Holdings (India) Limited ("Oilex Holdings") with 15% interest and Gujarat State Petroleum Corporation Ltd ("GSPC") with 55% interest, is pleased to announce the signing of a Gas Sales Agreement ("GSA") for off-spec gas production from the Cambay-73 well in the Cambay Basin, India. The GSA covers gas sales for two years on a best endeavours basis, and has been submitted to the Gujarat State Government bodies (Directorate of Petroleum & GSPC) and the Government of India (Ministry of Petroleum and Natural Gas or "MoPNG") for endorsement.
Salamander Energy plc announces that the North Kendang-1 exploration well ("NK-1") in its operated South East Sangatta PSC has been suspended as a potential gas discovery. The rig is now being mobilised to the Bontang PSC to drill the Bedug-1 exploration well, the third well in Salamander's multi-well programme in the North Kutei basin.
Sinopec's output shortfall will limit China's exportable gasoline surplus at around 100,000 b/d in 2013 (the same as last year), supporting Asia's gasoline prices, according to ESAI Energy's recently published China Watch. As it struggles to meet both domestic gasoline and petchem feedstock demand, Sinopec is not able to produce enough gasoline to feed its retail network.
Jubilant is pleased to announce that KSG#65 (previously referred to as KPL-3E-7), the first of the six development wells of the Phase-III-Extension drilling campaign in the Kharsang Field, Arunachal Pradesh, has successfully tested for oil and has been put into production at an initial gross rate of 70 barrels of oil per day ("bopd"). KSG#65 was an infill development well in the north-western part of Kharsang Field with the H-00 reservoir sand layer as primary objective and G-00 and D-00 sand layers as secondary objectives.
Oilex, as Operator and 45% equity holder, with its Cambay Joint Venture Partner, Gujarat State Petroleum Corporation (GSPC) holding the remaining 55% equity, has received approval from the regulatory authorities for the work programme and budget covering activities to end March 2014. Acting Managing Director Ron Miller said, "The Cambay Joint Venture is expediting work on the field.
GeoGlobal Resources Inc. (NYSE MKT:GGR) announced that it has entered into a share purchase agreement with Sarus Energy Ltd.
Jacobs Engineering Group Inc. (NYSE:JEC) announced it has been selected by Shell Hong Kong Limited to provide detailed design for its Transformer Oil Project located at its Tsing Yi installation in Hong Kong.
Tullow Oil plc (Tullow) through its subsidiary, Tullow Oil International Limited, has signed an agreement with KrisEnergy Asia Holdings BV, a subsidiary of KrisEnergy Asia Limited, for the sale of 100% of the share capital of Tullow Bangladesh Limited (TBL). The consideration is $42.
Anterra Energy Inc. (TSX VENTURE:AE.
Essar Energy plc [LSE: ESSR], the India-focused integrated energy company, today announced that its subsidiary Essar Oil Ltd (EOL) has completed the process for exiting the Corporate Debt Restructuring (CDR) loan facility set up in December 2004 to help cover the construction of its Vadinar refinery in Gujarat. The CDR loan facility has been replaced with a new debt facility of about c.
Wood Group GTS has secured a contract for the supply of new hot gas path components from CNOOC and Shell Petrochemicals Company Limited (CSPC) in China. The order is for new parts that will be installed in a GE Frame 6B gas turbine located at CSPC's Dayawan Petrochemical Industrial Park in Huizhou, Guangdong Province and includes multiple stages of turbine buckets, nozzles and shroud sets.
On 7 March 2013, the Petroleum Resources Development, on behalf of the Sri Lankan government launched the Second Licensing Round and invited bids for 13 exploration blocks off the north and west coasts of Sri Lanka. Bids are to be submitted by 30 September 2013.
Newfield Exploration Company (NYSE: NFX) announced a significant natural gas discovery on the Block SK 310 Production Sharing Contract (PSC) area, located 50 miles offshore Sarawak in approximately 250 feet of water. This is the Company's second pinnacle reef natural gas discovery in the region.
Green Dragon Gas, one of the largest independent companies involved in the production of CBM gas and the distribution and sale of wholesale gas in China, is pleased to announce an increase in its estimated reserve volumes and values as at 31 December 2012, as provided by independent reserve engineers Netherland Sewell & Associates, Inc ("NSAI"). Reserves Highlights: Total Original Gas In Place of 25.
Dragon Oil plc (Ticker: DGO), an international oil and gas exploration, development and production company, today publishes a quarterly update on the wells completed and tested in the first quarter of 2013. The Dzheitune (Lam) 28/178 well was completed as a single producer to a depth of 2,010 metres and tested in February 2013.
Niko Resources Ltd. (TSX:NKO), announce that the field development plan for the NEC-25 Block in India was submitted on March 28, 2013 to the Government of India for approval.
ROC advises that BC Petroleum Sdn Bhd ("BCP"), the company incorporated to operate and manage the Balai Cluster Risk Service Contract ("RSC") in Malaysia, commenced drilling the West Acis-2 well at 0230 hours (Malaysian time) on 28 March 2013. West Acis-2 is the fourth well in the pre-development phase drilling programme in the Balai Cluster.
Pan Orient Energy Corp. ("Pan Orient") (TSX VENTURE:POE) reports 2012 year-end and fourth quarter consolidated financial and operating results.
Coastal Energy Company (TSX: CEN, AIM: CEO), an independent exploration and production company with assets in Southeast Asia, announces the financial results for the year ended December 31, 2012. The functional and reporting currency of the Company is the United States dollar.
The Cairn-ONGC Joint Venture (JV) has commenced production from the Aishwariya field, the third largest discovery in the Rajasthan Block (RJ-ON-90/1). The field will achieve a gradual and safe ramp up to reach the currently approved FDP rate of 10,000 bopd.
Jubilant is pleased to announce that KPL-3E-4, the second well of the six well Phase-III-Extension development drilling campaign in the oil producing Kharsang Field, was spudded on 23 March 2013. KPL-3E-4, located in the north-western area of the field, is being drilled as an infill development well with the H-00 reservoir as the primary objective and G-00 reservoir as the secondary objective.
Roc Oil (China) Company, a wholly owned subsidiary of ROC, advises that following the successful installation, hook-up and commissioning of offshore facilities for the Beibu Gulf Project, first production has been achieved from two development wells, A5H and A2, on the WZ 6-12 wellhead platform. Both onshore and offshore construction and drilling activities have been undertaken safely to date together with exemplary environmental stewardship.
Cooper Energy Limited ('Cooper Energy', ASX: COE) is pleased to report that it has been awarded the Merangin III Production Sharing Contract ('PSC') onshore Indonesia, on a 100% basis. The new PSC is located within the central portion of the highly productive South Sumatra Basin (refer map following) and is considered by Cooper Energy to be very prospective for both oil and gas.
INPEX CORPORATION (INPEX) is pleased to announce that INPEX was successful in the 2012 Petroleum Licensing Round in Indonesia and awarded the West Sebuku Block (the Block) jointly with Mubadala Petroleum (Mubadala). INPEX and Mubadala will further negotiate with the Indonesian Government to conclude the terms and conditions of the Production Sharing Contract (PSC) for the Block.
Otto Energy Ltd (ASX: OEL) announces that it has received formal correspondence from BHP Billiton Petroleum (Philippines) Corporation (BHPB) (ASX: BHP), in its capacity as Operator, explaining that certain Philippines regulatory approvals necessary to fulfil the Service Contract 55 (SC55) work program have yet to be obtained. Otto and the joint venture are in discussion regarding the impact of these events on the current August 2013 deadline.
Niko Resources Ltd. (TSX:NKO), is pleased to provide the following exploration updates: Indonesia The Cikar-1 exploration well, located in the West Papua IV block in eastern Indonesia, has been drilled to a depth of 14,431 feet and temporarily suspended after encouraging initial results.
Sino Gas & Energy Holdings Limited (ASX:SEH), announce that RISC Operations Pty Ltd (RISC), an Australian based, internationally recognised independent petroleum advisory evaluation and valuation group, has completed their independent assessment of Reserves and Resources at both of Sino Gas' Production Sharing Contracts (PSCs) in the Ordos Basin, China. Significant Reserves Booking & Resources Upgrade Total project 2P Reserves have increased to 327 billion cubic feet (bcf) from 22 bcf since the previous independent assessment by RISC in January 2012, reflecting Sino Gas' commitment to developing the PSCs based on the progress made on preparatory work for regulatory submissions, reserve planning and scheduling for pilot production.
BG Group today announced it had completed an agreement for the long-term sale of liquefied natural gas (LNG) to India, one of the world's most rapidly growing energy markets. Under the agreement, BG Group will supply state-owned Gujarat State Petroleum Corporation Limited (GSPC) with up to 2.
ProSep Inc. (TSX:PRP), dedicated to providing process solutions to the oil and gas industry, today announced it has entered into a binding memorandum of understanding for the sale its 51% investment in ProSep Kolon Company Ltd, a South Korean joint venture with Kolon Group, for total consideration of $5 million.
CB&I (NYSE: CBI) announced that it has been awarded a contract valued in excess of US$180 million for the engineering, procurement, construction and commissioning work for LNG storage tanks on a project in Asia. Project completion is scheduled for 2015.
Far East Energy Corporation (OTCBB: FEEC) announced today that its 2013 Shouyang Block drilling campaign is underway, now that the Chinese National Lunar New Year holiday has ended and as weather conditions improve in Shanxi Province. Two drilling rigs are already operating on location in the Shouyang Block and additional rigs have been mobilized and are expected to begin drilling operations within the next three weeks.
Pan Pacific Petroleum ('PPP') and Origin Energy are pleased to announce that a wholly owned subsidiary of Pan Pacific Petroleum, Pan Pacific Petroleum Vietnam (121) Pty Ltd ('PPPV121'), has now completed the acquisition of a 15% interest in the Block 121 Production Sharing Contract, offshore Vietnam, from Origin Energy (Song Hong) Pte. Ltd.
International oilfield service company, Expro, has been awarded a $4.5 (£2.
Essar Energy plc [LSE: ESSR], the India-focused integrated energy company, today announced the appointment of Deepak Maheshwari as Chief Financial Officer. P Sampath, the current Chief Financial Officer, moves to a new role as the President of Business Optimization and Improvement for Essar Energy plc.
Great Eastern Energy Corporation Limited (LSE: GEEC), the fully integrated, leading Indian Coal Bed Methane (CBM) company is pleased to announce an increase in its reserve numbers at the Raniganj (South) Block, as provided by independent reserve engineers Advance Resources International, Inc. (ARI).
IBM (NYSE: IBM) today announced that Sichuan Geophysical Company of Petroleum Administration Bureau (SCGC), one of the largest oil and gas seismic exploration and engineering service providers in China, has adopted IBM PureSystems. The PureFlex solution will allow SCGC to analyze seven times more seismic data than before, enabling the exploration of larger oil and gas fields, while reducing the environmental footprint.
Tap Oil Limited (ASX:TAP) is pleased to announce it has executed a USD $50 million field development facility for the Manora Oil Development in Thailand and a AUD $20 million corporate facility, both with the Commonwealth Bank of Australia (ASX:CBA). The USD $50 million field development facility will be used solely to fund the Manora Oil Development.
NXT Energy Solutions Inc. (TSX VENTURE:SFD) (OTCBB:NSFDF) provided an update on operations.
Eni CEO, Paolo Scaroni, and the CEO of Petrochina Company Limited, controlled by China National Petroleum Corporation (CNPC), Zhou Jiping, signed an agreement in Beijing for Eni's sale to CNPC of 28,57% of Eni East Africa's shares, owner of the 70% interest in Area 4, in Mozambique. With this operation, CNPC indirectly acquires a 20% stake in Area 4, while Eni remains the owner of 50%.
Dril-Quip, Inc. (NYSE: DRQ) announced that Dril-Quip Asia Pacific Pte Ltd, its wholly owned subsidiary, in conjunction with its local representative UMW Petrodril (Malaysia) Sdn.
CB&I (NYSE: CBI) announced that it has been awarded a contract by SK gas, South Korea's largest importer and distributor of liquefied petroleum gas (LPG), for the license and engineering design of a grassroots propane dehydrogenation (PDH) unit to be built in Ulsan, Korea. Startup is expected in 2016.
ExxonMobil has started production from the Telok natural gas field, located offshore Malaysia in the South China Sea. 'The Telok development will help meet increasing demand for natural gas in Peninsular Malaysia,' said Neil W.
The Japanese petroleum company, JX Nippon Oil & Energy, said today that it has cut its crude oil refining plan for March by 8.3% from its original plan to 5.
Lundin Petroleum AB (TSX:LUP)(OMX:LUPE) through its wholly owned subsidiary Lundin Malaysia BV is pleased to announce that it has discovered oil in the Ara-1 well that was drilled in Block PM308A, offshore Peninsular Malaysia. Ara-1 was drilled to a total depth of 4,030 metres by the jackup rig West Courageous in 75 metres water depth.
Salamander Energy plc announces that it has reached agreement to farm-out a 30% interest in the Bangkanai Production Sharing Contract ("PSC"), Central Kalimantan, Indonesia to PT. Saka Energi Indonesia ("Saka").
Salamander Energy plc announces that it has agreed an asset swap that will see the Group acquire the outstanding 15% interest in the Bangkanai PSC, Central Kalimantan taking its interest in the licence to 100%. The transaction with PT Medco Energi Internasional will see Salamander swap its 21% participating interest in the Simenggaris PSC and 41.
Blue Dolphin Energy Company (OTCQX: BDCO), announced that its wholly-owned subsidiary, Blue Dolphin Exploration Company ("BDEX") completed the disposal of its seven percent (7%) undivided working interest in the North Sumatra Basin - Langsa Field offshore Indonesia (the "Indonesian Interest"). The Indonesian Interest was acquired by Blue Sky Langsa, Limited ("Blue Sky"), the lease operator, pursuant to a Sale and Purchase Agreement between the parties.
China's one billion dollar deepsea drilling rig has returned to work in a South China Sea gas field after nearly two months of repairs, China National Offshore Oil Company (CNOOC Ltd) said today. The "Offshore Oil 981" rig was being chartered by Canada's Husky Energy industry officials have said.
Seadrill has exercised fixed price options for the construction of two high specification jack-up drilling rigs at Dalian Shipbuilding Industry Offshore Co., Ltd.
Batu Gajah PSC (Pan Orient Operator and 77% Working Interest) Pan Orient Energy Corp. (TSX VENTURE:POE) has completed the drilling of the Shinta-1 exploration well onshore Sumatra, Indonesia to a measured depth of 6,297 feet.