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Australia Origin Energy Q4 output up 16 pct

PERTH, July 31 - Origin Energy Ltd (ORG.AX), Australia's second-largest power retailer, on Friday posted a 16 percent rise in fourth-quarter production and said its coal seam gas reserves have increased by as much as 50 percent. Origin, which is in a partnership with U.S. ...

Southwestern profit falls; lowers FY production view

July 30 - Independent oil and gas company Southwestern Energy Co (SWN.N) reported a lower second-quarter profit, hurt by lower realized natural gas prices and higher operating costs and expenses, and cut its full-year production outlook. For the quarter, the company's net income ...

US oil and gas companies see upbeat year as costs slide

BANGALORE, Aug 4 - U.S. oil and gas exploration and production companies including Bill Barrett (BBG.N) and Denbury Resources (DNR.N) gave upbeat forecasts for the rest of year given continuing strength in oil prices and falling oilfield service costs. In the second quarter, the ...

British Columbia woos drilling with royalty breaks

CALGARY, Alberta, Aug 6 - British Columbia, the site of some of North America's most promising shale gas plays, offered the energy industry royalty and regulatory breaks on Thursday to stimulate drilling as natural gas prices remain weak. The government in Canada's westernmost ...

Murphy Oil profit down 74 percent

HOUSTON, Aug 5 - Murphy Oil Corp (MUR.N) on Wednesday said its quarterly earnings fell 74 percent, as oil prices dropped sharply from a year ago and weak fuel demand hurt its refining business. Net profit in the second quarter was $158.8 million, or 83 cents per share, compared ...

Iraq expects more from second energy auction

BAGHDAD, July 4 - The Iraqi government is hoping that a second major auction of oil and gas fields later this year will help revive a struggling oil industry where a first auction this week fell short, a government spokesman said. "We think that the first (bidding) round didn't ...

Petronas, Noble sign Cameroon energy exploration deal

YAOUNDE, July 7 - Malaysia's Petronas (PETR.KL) and U.S. company Noble Energy (NBL.N) have signed a $119 million oil and gas exploration deal with Cameroon's state oil firm, the Cameroonian company said on Tuesday. The seven-year contract covers an area off the West African ...

McMoRan sees positive results at gas well

July 6 - McMoRan Exploration Co (MMR.N) said a deep gas exploratory well in Louisiana showed positive results, sending its shares up 5 percent in trading after the bell. McMoRan owns a 42.9 percent working interest and a 29.7 percent net revenue interest in the Blueberry Hill ...

Venture CEO tells Centrica to pay above 900p/shr

LONDON, July 12 - The chief executive of North Sea gas producer Venture Production (VPC.L) said its shareholders were looking for "significantly in excess" of the 845 pence a share takeover offer made by Centrica (CNA.L) on Friday. "The feedback we have got from shareholders, ...

Norway shuts Kollsnes gas plant, 3 N. Sea fields

OSLO, May 25 - North Sea gas pipeline operator Gassco said on Monday the Kollsnes gas processing plant on the Norwegian coast has been shut for repairs until June 6, while StatoilHydro (STL.OL) said it shut three North Sea gas fields. With daily processing capacity of up to 143 ...

UAE's Dana Gas to go ahead with Kurdistan project

United Arab Emirates, May 31 - UAE's Dana Gas DANA.AD will go ahead with its project in Iraq's Kurdistan region despite the federal government's rejection of the deal, a Dana Gas source told Reuters on Sunday. This month the UAE's Crescent Petroleum and affiliate Dana Gas formed ...

Niko Resources posts Q4 loss

June 23 - Canadian oil and gas company Niko Resources Ltd (NKO.TO) reported a quarterly loss, partly hurt by continued losses from its short-term investments, and forecast significantly higher sales volumes for 2010 on start up of its major project in India. Niko, which has major ...

Russia to keep cheap energy supplies to Belarus: Putin

MOSCOW, June 28 - Russia will continue to maintain cheap energy supplies to Belarus in the near future to support its economy, Russian Prime Minister Vladimir Putin said Sunday. "For the near future we intend to continue this, while bearing in mind the tendency toward switching ...

ONGC Mittal Energy exits Trinidad deal -minister

PORT OF SPAIN, June 25 - ONGC Mittal Energy Ltd (OMEL) has pulled out of an oil and gas production sharing contract it had signed with the Trinidad and Tobago government six months ago, Energy Minister Conrad Enill said on Thursday. "We had an arrangement with the Mittal group, ...

Britain moves closer to clean coal power generation

LONDON, May 30 - Britain has taken a major step forward towards carbon-free coal-burning power generation through a ground-breaking test to capture CO2 emissions from a working coal-fired plant and a plan for undersea storage of CO2. The kick-start of a carbon capture and storage ...

Ensign expects "dismal" summer drilling activity

CALGARY, Alberta, May 11 - Rising oil and gas prices won't be enough to spark big gains in drilling in the coming months following the weakest winter period in more than two decades, the head of Ensign Energy Services Inc (ESI.TO), Canada's No. 2 oil field service provider, said ...

Nigerian army says frees more hostages in oil delta

WARRI, Nigeria, May 17 - The Nigerian army said on Sunday it had freed four more foreign hostages from the western Niger Delta during an operation to flush out militants which rights groups say has displaced thousands of villagers. The military has used helicopters and gunboats ...

Alaska oil and gas lease sales draw scant interest

ANCHORAGE, Alaska, May 20 - Only five bids were received in a state of Alaska lease sale that offered exploration rights to 4 million onshore and offshore acres, and no bids were received in a second sale that offered exploration rights to 5.8 million acres, according to results ...

G8 energy leaders urge stable oil prices

ROME - Consumer nations on Sunday urged producers to keep oil prices stable or risk derailing a fragile global economic recovery, as top exporter Saudi Arabia forecast prices eventually moving toward $75 a barrel. Group of Eight energy ministers were meeting in Rome against the ...

Encore Energy to buy properties for $53.8 mln

Encore Energy Partners LP (ENP.N) said it will buy oil and natural gas properties in Texas, Montana and North Dakota for $53.8 million in cash, which will be partly funded through a public offering of 2.4 million units by the company. Shares of the oil and gas company fell 9 ...
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