Company Overview and News

Jockeying for position in Perth Basin

Cottesloe-based Triangle Energy has been busy since it bought AWE's share of the Cliff Head oil field off the coast near Dongara last year, upping its stake in the venture and seeking new liquids nearby to lift utilisation.

MARKET WATCH: NYMEX oil prices enter July on a gaining streak - Oil & Gas Journal

2017-07-05 ogj
Light, sweet crude oil prices for August and September gained by about $1/bbl on July 3 but trading was light on the US July 4 holiday.

Delek US, Alon USA complete merger

2017-07-03 ogj
Delek US Holdings Inc., Brentwood, Tenn., has completed its purchase of Alon Israel Oil Co. Ltd.’s US-based refining and marketing subsidiary Alon USA Energy Inc., Dallas, which owns and operates a 74,000-b/sd refinery in Krotz Springs, La.; an idled 70,000-b/sd, three-refinery complex in California; and through its majority interest in Alon USA Partners LP, a 73,000 b/sd refinery at Big Spring, Tex.

MARKET WATCH: NYMEX, Brent both end June on gaining streaks

2017-07-03 ogj
The US and Brent crude oil futures benchmarks both ended June on a seven-session gaining streak. Light, sweet crude oil for August jumped more than $1 to settle above $46/bbl on June 30 while Brent gained 50¢ to close at nearly $48/bbl on the London market.

Give states primacy to manage federal oil and gas, Utah official says

2017-06-30 ogj
A Utah official recommended that Congress develop a process to give states primacy in managing federal oil and gas resources within their borders that are willing to assume the responsibility.

US Senate leaders introduce federal energy policy reform bill

2017-06-30 ogj
US Senate Energy and Natural Resources Committee leaders introduced fresh legislation on June 29 to address long-standing federal energy policies that recent improvements in the US oil and gas outlook may have rendered obsolete. S. 1460 is the successor to their earlier broad policy reform bill that failed to advance out of a House-Senate conference toward the end of 2016.

Quadrant, Carnarvon Petroleum JV plan Dorado wildcat

2017-02-23 ogj
The Quadrant Energy Ltd.-led partnership with fellow Perth company Carnarvon Petroleum Ltd. has begun planning for the drilling of the Dorado-1 wildcat in the Bedout subbasin offshore Western Australia.

Reimaging project commences for US central Gulf of Mexico - Oil & Gas Journal

2017-02-23 ogj
TGS-NOPEC Geophysical Co. ASA and Schlumberger Ltd. are reimaging data covering 1,000 blocks in the central US Gulf of Mexico. Final results for the program are expected in early 2018, ahead of anticipated block turnover in the region. The study will reprocess 3D wide azimuth images covering 23,000 sq km previously acquired by both companies.

Delek Group adopts FID for Leviathan’s Stage 1A - Oil & Gas Journal

2017-02-23 ogj
Delek Group has adopted a final investment decision for development of Stage 1A for the Leviathan natural gas discovery offshore Israel.

EIA: US crude inventories rise in seventh straight week, but barely - Oil & Gas Journal

2017-02-23 ogj
US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, increased 600,000 bbl during the week ended Feb. 17 from the previous week’s total, according to US Energy Information Administration data.

Omidele resigns as Erin Energy CEO; Malek assumes interim role

2017-02-23 ogj
Segun Omidele has resigned as chief executive officer of Erin Energy Corp., and Jean-Michel Malek will assume the role on an interim basis effective Feb. 22.

Moody’s: Oversupply to keep LNG prices low beyond 2020 - Oil & Gas Journal

2017-02-22 ogj
Moody’s expects global LNG prices to remain low beyond 2020 as a wave of fresh supply comes online while demand from the world’s largest importers is weakening. Global oversupply will peak at about 55 million tonnes/year in 2019, according to the rating agency’s report, “Global Liquefied Natural Gas Industry: Market Imbalance Will Continue Beyond 2020, Keeping a Lid On Prices.”

API would back EPA rejection of call to move RFS obligation point

2017-02-22 ogj
The American Petroleum Institute would support a decision by the US Environmental Protection Agency to not change the obligation point for compliance with the federal Renewable Fuel Standard (RFS) because API believes that making the change would create more problems than it would solve, an API official said on Feb. 22.

Key Petroleum buys into Cooper basin in Queensland

2017-02-22 ogj
Key Petroleum Ltd., Perth, has acquired 100% ownership of three exploration permits in the Cooper and Eromanga basins of southwestern Queensland from Drillsearch Energy Pty. Ltd., a subsidiary of Adelaide-based Beach Energy Ltd.

Chevron secures exploration permit offshore Western Australia

2017-02-22 ogj
Chevron Corp. has secured an exploration permit in the Exmouth Plateau region of the northern Carnarvon basin close to its Gorgon field offshore Western Australia with a cash bid of $3 million (Aus.).

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