Search results for: awe petroleum

24800 results

A list of search results

  • 8 October 2015

    Bruce Clement, CEO of Australia’s AWE Petroleum, will step down following more than half a decade in the post. Clement will resign during 2016, and AWE has alread initiated a search for a new CEO. AWE Chairman, Bruce Phillips, praised Clement for his role: “Bruce has presided over a period of significant change for AWE. He […]

  • 3 May 2018
    Business & Finance

    Mitsui’s A$580 million takeover bid for all of the shares of Australia’s oil and gas company AWE closed at 7 pm Sydney time on Thursday. 

  • 8 September 2015
    Exploration & Production

    AWE Limited, an Australian energy company taking part in the BassGas project, has advised that the Yolla-5 development well, offshore Australia, has been successfully tied-in to export facilities on the Yolla platform and production from that well has started. Origin Energy, the operator of the project, is monitoring well performance to achieve optimal co-mingling with production from […]

  • 28 January 2014
    Business & Finance

    AWE Limited has agreed to sell an 11.25%interest in T/L1 (BassGas infrastructure & Yolla field) and a 9.75% interest in T/18P (Trefoil field)  in Australia to Prize Petroleum Company Limited, a subsidiary of Hindustan Petroleum Corporation Limited, for a total cash consideration of AUD85 million. AWE will receive AUD80 million upon completion of the sale […]

  • 11 May 2016
    Business & Finance

    Australian oil and gas company AWE Petroleum has rejected a takeover offer. The company on Wednesday said it had received an unsolicited indicative, conditional and non-binding proposal from Lone Star Japan Acquisitions, Ltd on behalf of a Lone Star Fund, to acquire all of the shares in AWE for a cash consideration of A$0.80 per share. According […]

  • 22 July 2014
    Business & Finance, Project & Tenders

    AWE Limited, as Operator of Petroleum Mining Permit 38158 offshore Taranaki, New Zealand, has released a final update concerning the Oi-2 well. The company has reported that plug and abandonment operations for the Oi-1 and Oi-2 exploration wells have been completed. The Kan Tan IV drill rig was released at 13:00 hours (1.00 pm) NZDT on Saturday, 19 July […]

  • 15 July 2014
    Business & Finance, Project & Tenders

    New Zealand Oil & Gas has announced that operations this morning are continuing to plug and abandon the Oi-2 well in Petroleum Mining Permit 38158, offshore Taranaki, New Zealand. The next operation will be to abandon Oi-1 prior to releasing the rig. Related: AWE’s Oi-2 well comes to nothing The well intersected the primary target Kapuni F10 […]

  • 19 April 2010

    AWE Limited reports that at 0600 hours (NZ Time) today, the Hoki-1 well, located in exploration permit PEP 38401 in the offshore Taranaki Basin, was at a measured depth of 3,428 metres and was drilling ahead. The well intersected the target North Cape Formation sands overnight, but these were not associated with any indications of […]

  • 28 January 2014

    AWE Limited said it has agreed to sell an 11.25%interest in T/L1 (BassGas infrastructure & Yolla field) and a 9.75% interest in T/18P (Trefoil field) in Australia to Prize Petroleum Company Limited, a subsidiary of Hindustan Petroleum Corporation Limited, for a total cash consideration of AUD85 million. AWE will receive AUD80 million upon completion of […]

  • 4 November 2014
    Business & Finance, Operations & Maintenance

    AWE Limited has completed the sale of an 11.25% interest in T/L1 (BassGas infrastructure & Yolla field) and a 9.75% interest in T/18P (Trefoil field) to Prize Petroleum Company Limited, a wholly owned subsidiary of Hindustan Petroleum Corporation Limited. Total consideration for the sale was $85 million with payment structured in three tranches. The Yolla offshore platform […]

  • 4 November 2014
    Project & Tenders

    AWE Limited has sold some of its interest in assets located in the offshore Bass Basin, Tasmania, Australia, to an Indian company. AWE has sold an 11.25% interest in T/L1  (BassGas infrastructure & Yolla field) and a 9.75% interest in T/18P (Trefoil field) to Prize Petroleum  Company Limited, a wholly owned subsidiary of Hindustan Petroleum Corporation […]

  • 24 June 2010

    AWE Limited advises that the Tui SW-2 exploration well has been suspended as a future gas injection well. Since the last report, the 7” liner was run and cemented and the well was suspended as a future gas injector. At 0600 hours (NZ time) today, anchor handling operations were in progress. The rig will now […]

  • 29 January 2013

    AWE Limited, an Australian based oil and gas exploration and production company with oil and gas interests in Australia, New Zealand, Indonesia and the USA, advises that the PMP 38158 (Tui) Joint Venture has approved the drilling of two additional wells offshore New Zealand in the second half of 2013: • the Pateke-4H infill development […]

  • 5 November 2014

    AWE Limited sold 11.25% interest in the BassGas project to Prize Petroleum.

  • 15 June 2010

    AWE Limited advises that wireline logging has been completed at the Tui SW-2 exploration well. Wireline evaluation of the previously reported oil shows in the top of the F Sand has established that an economic accumulation of oil is not present at the Tui SW-2 location. Wireline logging operations have been completed and the 7″ […]

  • 13 December 2016
    Business & Finance

    Australian oil and gas company AWE has entered into an agreement to sell the company’s 57.5% interest in the Tui Area oil fields, offshore New Zealand, to Tamarind Management.  The transaction is subject to customary consents from the New Zealand Government and Tui Joint Venture. Under the terms of the agreement, Tamarind, established in August […]

  • 6 December 2013

    AWE Limited has completed the acquisition of an additional 15% interest in the Tui area oil project and an additional 6.25% in the Oi exploration well, located offshore New Zealand in PMP 38158, from Mitsui E&P Australia Pty Limited. AWE is the Operator of the PMP 38158 joint venture. Further to the company’s ASX release dated 3 October […]

  • 27 May 2010
    Project & Tenders

    AWE’s Tui SW-2 drilling update AWE Limited advises that at 0600 hours today, the Tui SW-2 well was at a measured depth of 1573 metres after running and cementing 9-5/8” casing. The forward plan is to drill 8-1/2” hole to total depth. The Tui SW prospect is located in mining licence PMP 38158 in the […]

  • 18 March 2016
    Business & Finance

    AWE Limited, an oil and gas company with assets in Australia and New Zealand, will replace its CEO Bruce Clement with David Biggs, who has resigned from the CEO position in Cue Energy Resources. According to AWE, Clement, who was appointed as CEO in 2011, has been given six month’s notice of termination, as per […]

  • 16 June 2016

    Australian oil company AWE has entered into an agreement with an unnamed firm to sell its working interest in the Cliff Head oil field located in the Perth Basin, offshore Western Australia.  As a consequence, AWE will not be proceeding with the proposed transaction to sell its 57.5% interest in the Cliff Head field to Elixir Petroleum, […]

  • 5 May 2014
    Business & Finance, Equipment, Operations & Maintenance

    AWE Limited has reported that the Pateke-4H development well has been drilled to a revised measured total depth of 4,772m, including a 749m horizontal section through the reservoir, and installation of a 6 5/8 inch slotted production liner has been completed. The well will now be completed and suspended to enable production in Q1 2015, […]

  • 5 July 2010
    Business & Finance

    AWE Limited, as Operator of the Tui Field on behalf of the Tui Joint Venture, advises that production from the Tui area oil fields for the financial year ended 30 June 2010 was 4.83 million barrels. This slightly exceeded the revised forecast for the financial year of 4.80 million barrels. Total Tui production since the […]