Timor Sea News
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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 a Woodside Petroleum Ltd. project, Deutsche Bank AG said.
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While fault for the oil spill in the Gulf of Mexico clearly belongs to private entities, chief among them BP Plc and Transocean Ltd., responsibility for the resulting damage is shared by an incompetent government. More than one presidential administration deserves blame, but the lion’s share goes to President Barack Obama ’s.
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ConocoPhillips , operator of the Darwin liquefied natural gas project in Australia, offered to sell its controlling stake in the Barossa and Caldita fields in the Timor Sea, the West Australian said, without citing anyone.
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PTT Exploration & Production Pcl , Thailand’s only listed petroleum explorer, said Indonesia plans to “present a formal written claim” to the company to cover damages caused by an oil spill in the Timor Sea last year.
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Woodside Petroleum Ltd., Australia’s second-largest oil and gas producer, said full-year profit almost doubled, driven by the A$15 billion ($15.5 billion) Pluto liquefied natural gas project.
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Woodside Petroleum Ltd., Australia’s second-largest oil and gas producer, said it plans to develop the Sunrise liquefied natural gas project in the Timor Sea using a floating plant to process the fuel.
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Woodside Petroleum Ltd., Australia’s second-biggest oil producer, said it’s in talks with companies for a potential partnership to enter Canada’s natural gas industry to tap rising Asian demand.
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Near the site where the first bomb landed on Australia in World War II, Il Lido restaurant serves watermelon cubes with aged balsamic vinegar at A$3 ($3.12) each to diners overlooking a swimming lagoon and artificial wave pool.
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Eni SpA may begin production from the Kitan oil field in the Timor sea in the second half of next year, the Australian Financial Review reported citing an unnamed spokesman for the company.
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BP Plc would need the equivalent of a lottery win to succeed with its first attempt to end the Gulf of Mexico oil spill in August using a so-called relief well, the president-elect of the American Association of Petroleum Geologists said.
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