James Paton

Sundance Energy Will Look to Acquire More U.S. Shale Assets

Sundance Energy Australia Ltd., an explorer that entered the Eagle Ford shale formation of Texas this year with the purchase of Texon Petroleum Ltd., said it will look to make further U.S. oil and gas acquisitions.

Myanmar as Economic Miracle Hinges on Natural Gas Bounty: Energy

Myanmar’s opening to foreign investment has been compared to the fall of the Berlin Wall and the start of an economic growth story to emulate Vietnam. How those views pan out will be largely decided by natural gas.

Penn West Petroleum to Cut Jobs, Dividend as CEO Steps Down

Penn West Petroleum Ltd., the third- worst performing Canadian oil and gas producer in the past year, said Murray Nunns will step down as chief executive officer as the company cuts costs and considers asset sales.

East Timor Not in Hurry on Sunrise Gas, Finance Minister Says

dispute with Aust govt over Sunrise gas field royalities in arbitration, Finance Minister Emilia Pires *East Timor’s petroleum fund has grown to about $13 billion *The country has lots of opportunities to invest the fund money in global stocks, including emerging markets *NOTE: East Timor’s allegations that Australia engaged in espionage during 2004 talks on a treaty for the Sunrise natural gas field may lead to further delays for the proposed Sunrise LNG project, Woodside CEO Coleman said May 28.

Santos Expects Agreement With BG to Link LNG Project Pipelines

Santos Ltd., Australia’s third- biggest oil producer, expects to reach agreement with BG Group Plc to connect their pipelines, bolstering the supply of gas for its $18.5 billion Gladstone project in Queensland state.

Escalating Australian LNG Costs Spur Woodside to Look Abroad

Surging costs in Australia, set to become the world’s largest liquefied natural gas exporter by 2018, are stoking a drive by Woodside Petroleum Ltd., the nation’s second-biggest oil and gas producer, to expand overseas.

BG Group Says More Work Needed to Expand Australian LNG Project

BG Group Plc, the U.K.’s third- largest natural-gas producer, said it needs to carry out as many as three years of exploration to justify an expansion of its $20.4 billion liquefied natural gas project in Australia.

Drillsearch to Study More Acquisitions After Acer Energy Deal

Drillsearch Energy Ltd., BG Group Plc’s shale gas exploration partner in central Australia, will consider further acquisitions in the region after its purchase last year of Acer Energy Ltd.

Chevron Plans to Sell More Gas From A$52 Billion Gorgon Project

Chevron Corp., the second-largest U.S. oil company, said it’s in talks with customers to sell more liquefied natural gas from its Gorgon project in Australia and to boost the amount sold under long-term contracts.

Australia May Get 10% of New LNG Contracts, Wood Mackenzie Says

Australia’s global share of new contracts for liquefied natural gas may drop to about 10 percent a year by 2025 as U.S. exports rise, Wood Mackenzie Ltd. said.

"We're more likely to see these things because we're becoming more reliant on mass-produced, pre-prepared foods."

- James Paton on Jun 23, 2011

Australia

East Africa

North America

Peter Coleman

Europe Stocks Fluctuate Before Fed; Corn Falls, Oil Gains

Philippine Stocks Cheapest Since 2011 as Growth Belies Rout

China Billionaire Invests $1.6 Billion in London Land, Boats

Asian Stocks Advance as Topix Rallies on Japanese Exports

Millionaires in North America Regain Top Spot From Asia