Industry Developments

The Indian petroleum ministry has reportedly informed the prime minister's office that it is considering imposing a windfall tax on companies active in oil exploration and production... 2008-10-21

The Indonesian government has awarded oil and gas exploration licences covering 22 onshore and offshore blocks to local and international oil companies (IOCs)

US major ExxonMobil has announced the start of a competitive bidding process for the construction of gas processing facilities at the US$11bn liquefied natural gas (LNG) project... 2008-10-16

Australian exploration and production company Woodside Petroleum's chief executive Don Voelte has said that Australia's proposed carbon emissions trading (CETS) scheme, due to be... 2008-10-15

The UN has approved New Zealand's application for the extension of its territorial rights over the continental shelf seafloor around its coast.

UK-based explorer and producer Soco International has confirmed that it has received a preliminary approach from a potential buyer interested in acquiring the majority of its assets.

Anglo-Dutch major Royal Dutch Shell has acquired a 14.9% stake in Australian coal bed methane (CBM) explorer Pure Energy. Shell will pay AUD19.4mn (US$12.7mn) for the stake in the... 2008-10-10

Oil production has started at the Galoc field offshore the Philippines, the country's first oil field development in 16 years. The field, near Palawan island around 350km south-west... 2008-10-09

The board of Australian producer Incremental Petroleum has formally rejected an AUD104mn (US$86.4mn) hostile takeover bid from Cooper Energy, claiming that the offer 'materially'... 2008-10-09

Anglo-Irish operator Tullow Oil and state partner Petrobangla have begun production from a new well in the onshore Bangora gas field in Bangladesh.