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OIL & GAS

Santos reports higher sales for Dec quarter Restricted

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Oil and gas major Santos has reported increased sales revenue for the three months to December, despite a decrease in production. During the December quarter, Santos produced 11.7-million barrels of oil equivalent, an 8% decline on the previous...
19th January 2012
 
 
OIL & GAS

Santos approves A$490m WA oil project Restricted

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Oil and gas major Santos has approved a A$490-million investment into its Fletcher Finucane oil project, offshore Western Australia. CEO David Knox said the development approval of Fletcher Finucane had come little more than six months after the...
16th January 2012
 
 
COAL

Linc confirms talks with 'cornerstone investor' Restricted

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Diversified energy company Linc Energy on Monday confirmed that it was “pursuing a number of divestment opportunities” for its coal tenements in Queensland. In a response to a price query by the ASX, Linc noted that the company has engaged in...
16th January 2012
 
 
LIQUEFIED NATURAL GAS

Inpex, Total approve A$34bn Australian LNG project Restricted

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Resources and Energy Minster Martin Ferguson on Friday welcomed the final investment decision on the A$34-billion Ichthys liquefied natural gas (LNG) project by Japan’s Inpex and its joint venture (JV) partner Total. The Ichthys project is the...
13th January 2012
 
 
OIL & GAS

Inpex, Total ink sales deals for Ichthys LNG project Restricted

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Japan’s Inpex and its joint venture (JV) partner Total have signed further sales agreements for the Ichthys liquefied natural gas (LNG) project with the CPC Corporation of Taiwan, Chubu Electric Power Company, and Toho Gas Company. Under the...
10th January 2012
 
 
OIL & GAS

First gas flows at Beach’s Middleton project Restricted

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ASX-listed Beach Energy has produced its first gas from the Middleton project, in South Australia, the firm reported on Monday. MD Reg Nelson said in a statement that gas was now flowing to the Moonanga tie-in point, where raw gas would be sold...
9th January 2012
 
 
CORPORATE ACTIVITY

Hastings rejects APA takeover Restricted

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ASX-listed Hastings Fund Management has rejected a takeover bid by Australia’s largest gas pipeline owner APA Group. Earlier this week, APA announced its intention to make a takeover offer for all the securities of Hastings which it did not...
15th December 2011
 
 
GAS INFRASTRUCTURE

Gas pipeline firm APA bids for Hastings in A$1.8bn deal Restricted

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Australia’s largest gas pipeline owner APA Group has launched an off-market takeover offer for Hastings Diversified Utilities Fund, which values the company at around A$1.8-billion. Under the terms of the offer, Hastings shareholders would...
14th December 2011
 
 
 
 
 
 
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