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Panel rejects Tap application

2017-12-13 businessnews.com.au
The Takeovers Panel has rejected an application by Tap Oil claiming its two biggest shareholders had become associated, with the panel refusing to make a declaration of unacceptable circumstances.

Tap takes major shareholders to panel

2017-11-27 businessnews.com.au
Tap Oil has submitted an application to the Takeovers Panel requesting the disclosure of details surrounding major shareholders Risco Energy Investments and Chatchai Yenbamroong and for the pair to be restrained from voting at the company’s annual meeting.

Risco seeks board overhaul at Tap Oil

2017-11-21 businessnews.com.au
Tap Oil major shareholder Risco Energy Investments has notified the oil and gas explorer of its intention to overhaul the company's board at the next planned annual meeting in February.

Risco plans board overhaul at Tap Oil

2017-11-21 businessnews.com.au
Tap Oil major shareholder Risco Energy Investments has notified the oil and gas explorer of its intention to overhaul the company's board at the next planned annual meeting in February.

Dorado-1 spud date slips behind Phoenix South-3

2017-06-29 ogj
The Perth-based duo of Quadrant Energy Ltd. and Carnarvon Petroleum Ltd. has decided to delay the drilling of the prospective Dorado-1 wildcat well in the Bedout sub-basin off Western Australia until mid-2018. It will now follow the group’s second appraisal well on the Phoenix South oil and gas discovery.

WoodMac: Conventional reserves play prominent role in short-term exploration outlook - Oil & Gas Journal

2017-06-29 ogj
Low-cost opportunities continue to draw operator interest in 2017, according to an exploration survey released by Wood Mackenzie Ltd. Of the 200 senior industry professionals responding to the survey, 60% rated conventional reserves as a primary resource capture option.

Barossa field appraisal bodes well for Darwin LNG plant supply - Oil & Gas Journal

2017-06-28 ogj
A ConocoPhillips-led joint venture reported a successful appraisal well in Barossa natural gas field in Bonaparte basin retention lease NT/RL5 in the eastern Timor Sea 300 km north of Darwin. The results enhance the field’s prospects as the best source to supply back-fill gas to the combine’s Darwin LNG plant that is currently supplied by Bayu-Undan field in the Timor Gap (OGJ Online, Apr. 20, 2017).

France to halt exploration licensing

2017-06-26 ogj
France will halt oil and gas exploration licensing, according to Nicolas Hulot, minister for the ecological and intrusive transition under the new government of Prime Minister Edouard Philippe.

MARKET WATCH: NYMEX crude oil price settles above $43/bbl - Oil & Gas Journal

2017-06-26 ogj
The light, sweet crude oil price for August delivery on the New York Mercantile Exchange gained modestly on June 23 to settle just above $43/bbl, but US oil prices still experienced a fifth consecutive weekly loss after dipping on June 21 to the lowest since Aug. 11, 2016.

Accelerated changes needed to meet 2050 goals, Statoil economist says

2017-06-23 ogj
Changes will need to accelerate to meet higher energy demand in 2050 while addressing growing global climate-change impacts, Statoil’s chief economist said.

Gazprom Neft starts exploratory drilling on Ayashsky block

2017-06-23 ogj
Gazprom Neft PJSC reported the start of exploratory drilling on the Ayashsky block in the Sea of Okhotsk by Japan Drilling Co. Ltd.’s Hakuryu-5 semisubmersible drilling rig (OGJ Online, Feb. 23, 2017).

API: US petroleum demand last month highest for May since 2007

2017-06-23 ogj
According to monthly statistics from the American Petroleum Institute, total US petroleum deliveries in May moved up 4.9% from May 2016 to average 20.1 million b/d. These were the highest May deliveries in 10 years and the highest deliveries for any months in more than 9 years.

MARKET WATCH: NYMEX crude oil price gains slightly, settles under $43/bbl

2017-06-23 ogj
The light, sweet crude oil price for August delivery on the New York Mercantile Exchange gained modestly but stayed below $43/bbl on June 22. It was the second consecutive settlement under that price. The US oil benchmark price climbed again in early June 23 trading.

Newly formed Tanami takes Tap Oil stake in Amulet field

2017-06-23 ogj
Newly formed private Perth company Tanami Energy Pty. Ltd. has emerged as the buyer of fellow Perth company Tap Oil Ltd.’s 20% interest in the undeveloped Amulet oil discovery in Carnarvon basin licence WA-8-L offshore Western Australia.

[Opinion] Oil price, Amerisur, President, Echo/Rockhopper, Sound, Sundry-EOG-Trinity- And finally…

2017-06-12 oilvoice
A poor week for oil as well documented supply issues took the best part of 4% off the prices. Friday recovered slightly as Nigeria suffered a pipeline incident and the outage ensured that Shell played hard ball. The rig count grew again, overall the count was up 11 units at 927, in oil it was up 8 at 741. Inventory stats this week, particularly in products will be the key tomorrow and Thursday. Amerisur Resources