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ExxonMobil denies PNG tax waiver

Papua New Guinea - ExxonMobil has strongly denied reports that it will not pay income tax on earnings from the giant PNG LNG liquefied natural gas project under recent changes to Papua New Guinea’s tax law.

Moreton bay In Full Recovery After Oil Spill

Sydney. One year after Queensland’s largest environmental clean-up, Moreton Bay has suffered no lasting damage, Climate Change and Sustainability Minister Kate Jones said today.

New Zealand's offshore Reinga Basin thick with oil prospects

New Zealand - GNS Science says that seismic and satellite data show that the Reinga Basin, off the northwest coast of the North Island, is one of the most prospective frontier basins in the New Zealand region.

Shell and the Technip-Samsung consortium take next step on Prelude floating LNG facility

Paris. Yesterday Shell signed two contracts with the Technip and Samsung Heavy Industries consortium for the Prelude floating liquefied natural gas (LNG) project off the coast of Western Australia.

Shell, PetroChina Bid USD3 Billion for Australia's Arrow

Perth. Royal Dutch Shell and PetroChina jointly bid more than $3 billion for Australia's Arrow Energy , marking a Chinese firm's first foray in the country's burgeoning coal-seam gas sector and sending Arrow's shares soaring by nearly half.

GE Oil & Gas Power Generation and Subsea Equipment Wins Bring Gorgon Project Awards to Over US1.1 B

Sydney. Role Includes LNG Refrigeration Compression, C02 Injection, Power Generation and Subsea Equipment Components. GE Oil & Gas technology has again been selected to support the development of Gorgon, one of the world’s largest untapped natural gas fields, which also features one of the world’s largest ever carbon-dioxide (CO2) sequestration technology projects.

GE Oil & Gas Supplies USD1.1 Billion Equipment To Gorgon LNG Project

Singapore. GE Oil & Gas said Wednesday it has so far won contracts totaling at least $1.1 billion to supply equipment to the development of the Gorgon liquefied natural gas project off the coast of Western Australia.

Central Petroleum In Discovery In CSG Well CBM107-001

Sydney. Central Petroleum (ASX: CTP) as Operator, has today confirmed the presence of 130m of coal (in seams > 1m thick), ie 10m thicker than previously reported at the Coal Seam Gas exploration well CBM107001 in central Australia’s Pedirka Basin.

Karoon, ConocoPhillips slate 2nd drilling campaign for 2011

Australia - Karoon Gas Australia Ltd. said Tuesday that its joint venture with ConocoPhillips (COP) will launch a second exploration campaign in the Browse Basin offshore Western Australia state next year, regardless of the results of current drilling.

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