Natural Gas Asia

Thursday, August 25, 2016

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Santos Crashes to $1.1bn H1 Loss

Santos’s $1 billion writedown on its GLNG project has resulted in first half net loss of $1.1 billion. During the course of 2016 there has been a slower ramp up of GLNG equity gas production and an increase in the price of third party gas. This has caused Santos to adjust its upstream gas...

Origin Reports Full Year Loss

Origin Energy Limited has reported a loss for the year that ended on June 30,2016. The Australian company said its loss for the year stood at A$589 million, an improvement of 10% on the prior year. Underlying profit from continuing operations was A$354 million, down 41% on the previous year. Chairman...

Thailand's PTTEP Concludes Drilling in Algeria's Hassi Bir Rekaiz Permits

Thai stated owned firm PTT Exploration and Production (PTTEP) and its partners have successfully finished drilling campaign in the Hassi Bir Rekaiz permits in Algeria. PTTEP is partnering SONATRACH and CNOOC in the campaign that began in 2011. The Bou Goufa-2 (BOG-2) in Bou Goufa - Rhourd Ez Zita discovery...

Australia's Beach Energy Exits Egypt

ASX listed Beach Energy has exited Egypt with completion of the $20.5 million sale of Beach Petroleum (Egypt) Pty Ltd (Beach Egypt) to Rockhopper Exploration, the company announced on Wednesday. Beach Egypt’s core asset is a 22% interest in the Abu Sennan concession.  Other partners in the...

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