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Former Nido MD joins Santos

Oil and gas producer Santos has recruited former Nido Petroleum and BHP Petroleum executive Philip Byrne, who will take over from retiring executive vice president John Anderson.

Galoc field awaits sidetrack in untested Mid Area off the Philippines - Oil & Gas Journal

2017-04-19 ogj
Commercial potential for the Galoc Mid Area on Block C1 offshore the Philippines remains inconclusive according to Galoc Production Co. WLL, a subsidiary of Nido Petroleum Ltd., Perth. The operator reported that its Galoc-7 well in Contract Area 14 encountered its reservoir objective between 2,240-2,358 m MD with a gross pay of 115 m and net sand thickness of 8 m comprising poor quality sandstone and claystone (OGJ Online, Apr.

Nido to drill new well at Galoc Oil Field

2017-04-18 philstar
MANILA, Philippines - A new well will be drilled at the Galoc Oil Field offshore Palawan after results of a recent drilling showed no clear signs of oil and gas in commercial quantities, Australian oil and gas company Nido Petroleum Limited said.

Karoon lets contract for Echidna field development off Brazil

2017-04-07 ogj
Karoon Petroleo & Gas, a Brazilian subsidiary of Karoon Gas Australia Ltd., Melbourne, has let a multiyear contract to Wood Group for the engineering services for full field development of Echidna oil field in the Santos basin offshore Brazil.

Nido drills appraisal well in Galoc field off the Philippines

2017-04-06 ogj
Galoc Production Co. WLL, a subsidiary of Nido Petroleum Ltd., Perth, has spudded an appraisal well in Galoc oil field offshore the Philippines.

Nido Petroleum reports mobilization of Deepsea Metro I drillship

2017-03-29 worldoil
PERTH -- Nido Petroleum Limited, on behalf of the Galoc JV partners, has advised that the drillship Deepsea Metro I has commenced mobilization from Labuan, Malaysia, to the Galoc-7/7ST well location in Block C1 of Service Contract 14, offshore the Republic of the Philippines.

Drilling in Galoc Oil Field to start end-March

2017-03-28 philstar
MANILA, Philippines - Australian oil and gas company Nido Petroleum Limited expects to drill a new well at the Galoc Oil Field offshore Palawan by end-March which could extend the life of the oil field.

PXP Energy to continue focus on oil, gas projects

2017-03-26 philstar
MANILA, Philippines - Even with the change in name, PXP Energy Corp. will continue to focus on existing oil and gas projects while scouting for renewable energy (RE) developments this year.

BHI: US rig count up double-digits in third straight week - Oil & Gas Journal

2017-02-03 ogj
Rig deployment in the US continued to pick up steam during the week ended Feb. 3 as Baker Hughes Inc.’s tally of active units recorded its third consecutive weekly double-digit increase.

Maersk Drilling takes delivery of fourth ultra-harsh environment rig

2017-02-01 ogj
Maersk Drilling took delivery of its fourth XL Enhanced jack up drilling rig, the Maersk Invincible, from Daewoo Shipbuilding and Marine Engineering. It’s the fourth ultra-harsh environment jack up rig for the Maersk fleet.

Beach increases drilling activity for 2017

2017-01-31 ogj
Adelaide company Beach Energy Ltd. has expanded its proposed drilling program for financial-year 2017 to 16 operated wells and up to 42 nonoperated wells following record half-year production plus success in the field and cost efficiencies.

Shell selling some North Sea assets, Thailand field - Oil & Gas Journal

2017-01-31 ogj
Royal Dutch Shell PLC announced a series of transactions involving the sale of oil and gas assets in the UK North Sea and Thailand worth a total of nearly $5 billion.

Appraisal set for field off Philippines

2017-01-30 ogj
A subsidiary of Nido Petroleum Ltd., Perth, will drill an appraisal well aimed at extending the productive life of Galoc oil field on Block C1 of Service Contract 14 offshore the Philippines.

Develop oil contracts first before joint exploration – Cusi

2016-11-08 philstar
MANILA, Philippines – Not keen on joint exploration for oil and gas prospects with China, Energy Secretary Alfonso Cusi wants all suspended service contracts in the West Philippine Sea to be developed by project proponents first.

Nido launches $32m raising

Philippines-focused oil and gas play Nido Petroleum has launched a $31.9 million capital raising to fund drilling work at its Galoc project.

Nido Petroleum to update on Galoc Joint Venture

The company is pending a decision by the Galoc Joint Venture in relation to the Galoc oil field.

Financial Report for year ended 30 June 2016

2016-09-29 londonstockexchange
The 2016 financial year has been an extremely challenging year for Oilex and its shareholders, resulting in a loss before income tax of $36 million, primarily affected by non-cash impairment of exploration and development assets of $21.6 million, and reduced recovery of costs from Joint Ventures and costs associated with the Zeta Resources Limited litigation.  Against a back drop of a fifteen-year low in oil prices, the Company has had to divert much of its attention from the core business of developing value from its assets to addressing significant joint venture issues in India, costly litigation associated with its last capital raising, and  resetting the technical direction at Cambay, in association with lower than expected production rates at its most recent wells and delays associated with joint venture funding contribution to ongoing project activities.

Galoc oil field shows potential for expansion

2016-08-18 philstar
MANILA, Philippines – The Galoc oil field in northwest Palawan showed promise for expansion in 2019 following a favorable third party assessment contracted by Australian oil and gas firm Nido Petroleum Ltd. and its partners. 

Philippines' Galoc Phase 3 Oil Field Development Plan for Start-up in 2019

2016-08-17 rigzone
Nido Petroleum Ltd. provided Wednesday an update on the contingent resources estimates for the Galoc oil field, comprising the producing Central Field Area (CFA) and the undrilled northern extension Galoc Mid Area (GMA) in Block C1 of Service Contract 14 (SC 14C1), located north west Palawan basin, offshore the Philippines.

Stakeholders hopeful WPS oil drilling may resume during Duterte’s term

It is now being hoped that the Philippines could finally have a new, major source of oil and gas under the new administration, a few days after The Hague Tribunal favored the country over its territorial dispute with China on the West Philippine Sea (WPS).

Go innovate!

2016-07-13 philstar
Go Negosyo and the US Embassy’s successful partnership has resulted in several wonderful projects such as last year’s Youth Entrepreneurship and Development Workshop (YEDW) during which we discovered and honed the potential of young entrepreneurs.

Jose Victor Emmanuel De Dios to head DOE – source

A source close to the Duterte transition committee said Jose Victor Emmanuel De Dios has been chosen to head the Department of Energy.

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