Oil & Gas
OIL & GAS
Pluto produces first LNG
0 COMMENTS
Federal Resources and Energy Minister Martin Ferguson has welcomed the first liquefied natural gas (LNG) production from ASX-listed Woodside’s Pluto project, in Western Australia.
“This project is very important to the energy industry and the...
1st May 2012
OIL & GAS
Woodside sells $2bn stake in Browse project
0 COMMENTS
Australian oil and gas miner Woodside Petroleum has sold off a $2-billion stake in its Browse liquefied natural gas (LNG) project, in Western Australia, to Japan Australia LNG (MIMI).
MIMI would take a 16% interest in the East Browse joint...
1st May 2012
OIL & GAS
Ecuador reaches compensation deal with Petrobras over assets
0 COMMENTS
Ecuador agreed to pay Petrobras $217-million as compensation for seizing assets from the Brazilian state-run oil company in 2010, at least 30 percent more than a previous proposal.
Ecuador took control of the oil assets owned by Petrobras in the...
By: Reuters
1st May 2012
ENERGY
Canada producer prices edge up on petroleum, coal
0 COMMENTS
Canadian producer prices rose by 0.2% in March from February, pushed up by higher prices for petroleum and coal products, Statistics Canada said on Monday.
The increase was less than the 0.3% advance predicted by market operators. Raw material...
By: Reuters
30th April 2012
ENERGY
Consol quarterly profit misses, stock slips
0 COMMENTS
Consol Energy missed Wall Street estimates with a sharply lower quarterly profit, hurt by lower coal prices and higher costs, and it cut production targets for this year.
In morning trading on the New York Stock Exchange, Consol stock was down 98...
By: Reuters
26th April 2012
DIVERSIFIED MINERS
Sherritt's Q1 profit halves as sales shrink and costs rise
0 COMMENTS
Sherritt International, the Toronto-based diversified miner, on Wednesday unveiled a 50% plunge in first-quarter earnings to $32.3-million on lower sales and higher costs, while fears over the global economy refuse to abate.
Revenues dipped to...
By: Matthew Hill
25th April 2012
OIL & GAS
BassGas cost climbs by A$100m
0 COMMENTS
ASX-listed Origin Energy has warned of a A$100-million cost blowout at its BassGas enhancement project, in Victoria.
The energy provider said in a statement on Monday that the unique offshore construction challenges associated with working on the...
23rd April 2012
OIL & GAS
Santos output climbs 13% as new projects lift production
0 COMMENTS
Australian energy major Santos has reported a 13% increase in production during the first quarter ended March.
Production reached some 12.4-million barrels of oil equivalent, primarily owing to added production from new assets, including first...
19th April 2012
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Samrad designed to clean up South Africa’s minerals application process
Some light, and heat, as SA debates fracking moratorium
Samrad designed to clean up South Africa’s... 
Some light, and heat, as SA debates fracking...
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