Australia’s Elk Petroleum Limited (ticker: ELK) recently released its half-year results and guidance update. The company reported a 44% increase in share price to A$0.095 (March 2018) – this is up from A$0.066 (June 2017). The company reported production of 972,498 BOE, with 1P reserves of 47.5 MMBOE and 2P reserves of 84.2 MMBOE. Elk’s operations are all in the
Australia is expected to become the world’s biggest natural gas exporter by next year as huge projects near completion. According to the latest quarterly resources outlook from the chief economist at the federal department of industry, innovation and science, the title is likely to be somewhat short-lived, however, as US exports ramp up over the following years. The report said
Chevron no-go decision for offshore project was a commercial decision Chevron Corporation’s (ticker: CVX) Australia subsidiary Chevron Australia has announced the decision to discontinue the Great Australian Bight exploration program. Chevron Australia’s affiliates acquired two deepwater exploration blocks in the Great Australian Bight Basin in October 2013. The acreage spans more than 32,000 square kms. Chevron Australia’s affiliate is operator with
Samson Oil and Gas Limited presents at EnerCom’s The Oil & Gas Conference® During Samson’s breakout session, management was asked the following questions: Are you going to co-mingle the production on your vertical well with four laterals coming off? Is there positive momentum in the Bakken? Do you see the company moving forward from the Foreman Butte? Where do you
Sundance Energy Australia Ltd. (ticker: SDCJF) will be presenting at the EnerCom conference Wednesday August 17, 2016. Headquartered in Denver, Colo., and trading on the Australian Securities Exchange since 2005, Sundance focuses on a growth strategy of acquiring high working interest positions in Sundance operated projects. The company’s core operational focus is in the Eagle Ford in south Texas and
Schlumberger (ticker: SLB) subsidiary OneSubsea secured an engineering contract for the development of the Greater Enfield project off the northwest coast of Australia from Woodside Energy. Woodside announced on June 26, that the company would move forward with the development of the Greater Enfield project, expected to cost approximately $1.9 billion. Located 60 km off Exmouth in Western Australia the
GLADSTONE, Australia – May 25, 2016 Curtis Island projects continue smooth transition towards operations with five out of six trains now producing LNG Bechtel has announced that GLNG Project Train 2, the fifth of six production trains on Curtis Island, has successfully begun producing liquefied natural gas (LNG). The three LNG projects continue smooth transition towards operations with just one
The Chevron-led project expects first cargo next week. Chevron (ticker: CVX, Chevron.com) announced that its Gorgon LNG project has begun liquefaction of natural gas on Barrow Island off the northwest coast of Western Australia, with the expectation that the first LNG cargo will ship next week, the company said in a press release. The Gorgon Project is supplied from the
All stock offering would give Woodside growth potential Woodside Petroleum (ticker: WPL), Australia’s largest independent oil and gas company, announced that it has made a non-binding offer for Oil Search Ltd. (ticker: OSH) under which Woodside would acquire all of the shares in Oil Search for a consideration of one Woodside share for every four Oil Search shares, according to
The Australian government will no longer allow the Clean Energy Finance Corporation to invest in wind Australia’s Clean Energy Finance Corporation (CEFC) received a directive from the Australian government to stop investing in future wind power projects. Australian Prime Minister Tony Abbott said the decision was made in hopes of refocusing the CEFC on developing new technologies, rather than supporting
Via Columbus Business Journal Aubrey McClendon plans to spend $100 million in … Australia? Oil and gas maven Aubrey McClendon has spent big on shale plays across the U.S., especially in Ohio. But now McClendon, founder of Chesapeake Energy Corp. (NYSE:CHK), is shifting his gaze down under. McClendon’s new company, American Energy Partners LP, has signed a non-binding letter of
Industry groups say the reservation policy adds unnecessary burdens on the project Western Australia’s gas reservation policy has been applied to the Woodside Energy-led (ticker: WPL) Browse floating liquefied natural gas (FLNG) project, . The policy was started in 2006, and requires that petroleum projects reserve up to 15% of their production for domestic use, according to Practical Law. The
