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OIL & GAS

Eden to merge UK assets with JV partner UKOG

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ASX-listed Eden Energy is considering merging its UK gas and petroleum assets with its UK joint venture (JV) partners, owned by UK Onshore Gas (UKOG). Eden said on Wednesday that it would transfer its 13 petroleum and development licences in...
1st October 2014
 
 
OIL & GAS

Coal seam gas a viable option for NSW, chief scientist report finds

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The New South Wales chief scientist and engineer has found that coal seam gas (CSG) was a viable option for the state, despite the perceived risks. In her report, which took about 19 months to complete, Professor Mary O'Kane pointed out that many...
1st October 2014
 
 
EXPLORATION M&A

Encana Corp strikes $7.1bn deal to buy US explorer Athlon Energy

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Canada's second-largest natural gas producer Encana Corp on Monday revealed that it had struck a $7.1-billion deal that would see it acquire Texas-based Athlon Energy and gain a foothold in the most prolific oil-producing region in North America....
29th September 2014
 
 
SHALE GAS

Australian energy group bullish on SA govt’s stance on shale exploration

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Sydney-listed energy group Challenger Energy says it is encouraged by recent indications of a “growing appreciation of the importance” of South Africa’s nascent shale gas industry and its potential beneficial impact to the broader economy, adding...
26th September 2014
 
 
OIL & GAS

BHP signs petroleum expertise exchange in Mexico

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Mining giant BHP Billiton has executed a memorandum of understanding with Petroleos Mexicanos (Pemex) to exchange oil and gas deep-water expertise. BHP’s deep-water drilling rig arrived in the Gulf of Mexico in May this year, allowing the miner...
26th September 2014
 
 
OIL & GAS

NSW extends petroleum exploration licence freeze

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The New South Wales government on Thursday announced that it would extend the freeze on petroleum exploration licence applications (PELAs) by at least a year. In March this year, the state government announced that out would freeze all PELAs and...
25th September 2014
 
 
OIL & GAS

Energy Green Paper wins praise for competitiveness, transparency focus

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The Australian gas industry on Tuesday welcomed the federal government’s release of the Energy Green Paper, saying it recognised the importance of natural gas. Industry Minister Ian Macfarlane said the Energy Green Paper sets a framework for the...
23rd September 2014
 
 
OIL & GAS

AWE-Origin onshore gas find may be WA’s largest since 1960s

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The share price of ASX-listed oil and gas company AWE increased by nearly 15% on Thursday after the company announced a major onshore gas discovery in Western Australia. The company said that a gross contingent resource of between 65-billion...
18th September 2014
 
 
 
 
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