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Oil & Gas
 
OIL SANDS

US Oil Sands’ biosolvent extraction patent approved

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Canadian innovator and project developer US Oil Sands on Tuesday announced that the United States Patent and Trademark Office had approved its patent application for its bio-solvent based oil sands extraction method, which the company bills as an...
22nd April 2014
 
 
OIL & GAS

Oil Search output dips 5% on planned shutdown

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ASX-listed Oil Search has reported a 5% drop in production during the three months to March, compared with the December quarter, as a planned shutdown of its oil facilities impacted on production. Oil Search reported on Tuesday that production...
22nd April 2014
 
 
OIL & GAS

Woodside sales revenue soars in March Q

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ASX-listed Woodside Petroleum has reported a 15.9% increase in sales revenue for the first quarter ended March, compared with the previous corresponding period, as production and sales volumes were lifted. Revenue for the quarter reached...
17th April 2014
 
 
OIL & GAS

Santos sees slight upturn in production

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Australian oil and gas major Santos has reported an increase in production and sales for its first quarter ended March, compared with the previous corresponding period. Production for the quarter was up 1% to 12.2-million barrels of oil...
17th April 2014
 
 
ENVIRONMENTAL PROTECTION

Linc Energy faces court action over alleged environmental harm

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Singapore listed Linc Energy on Thursday said that it would “staunchly” defend itself against claims by the Queensland government that the company’s Chinchilla underground coal gasification (UCG) research and development facility caused...
17th April 2014
 
 
GAS

Development of UCG industry gains momentum as govt reveals policy stance

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Majuba Regulations governing the application for and awarding of prospecting rights and mining rights for underground coal gasification (UCG) in South Africa have been included in the Mineral and Petroleum Resources Development Act (MPRDA) Amendment...
15th April 2014
 
 
CORPORATE ACTIVITY

Aurora Oil & Gas board recommending A$1.8bn Baytex offer

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The board of ASX- and TSX-listed takeover target Aurora Oil & Gas has put its weight behind a takeover offer from Canada’s Baytex Energy Corporation. In February, Baytex launched a A$1.8-billion takeover offer for Aurora, offering shareholders...
15th April 2014
 
 
OIL AND GAS

Glencore beats off rival bid to snap up Chad energy explorer

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London-, Hong Kong- and Johannesburg-listed diversified mining and marketing company GlencoreXstrata has beaten off a rival bid to snap up oil-and-gas exploration company Caracal Energy, which is active in the landlocked Republic of Chad in...
14th April 2014
 
 
 
 
 
 
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