Jadestone Energy News


Total, Jadestone Relinquish SC56 Offshore Block in The Philippines

Nov 18, 2020

Asia Pacific-focused oil and gas firm Jadestone Energy on Wednesday announced the voluntary relinquishment and termination of Service Contract 56 ('SC56'), offshore the Philippines. Oil and gas giant Total, the operator of the block, also relinquished its interest…

Jadestone, Inpex Settle Dispute over Vietnam Offshore Block

Nov 12, 2020

Asia-focused oil and gas company Jadestone Energy has settled its dispute with Inpex's subsidiary Teikoku, related to Block 05-1 PSC, offshore Vietnam.Jadestone Energy earlier this year started arbitration against Teikoku over Jadestone’s acquisition of an interest in Blocks 05-1 b and c…

Canada: Cenovus Energy to Buy Rival Husky Energy in $2.9B Deal

Oct 25, 2020

Cenovus Energy Inc has agreed to buy rival Husky Energy Inc in an all-stock deal valued at C$3.8 billion ($2.9 billion) to create Canada's No. 3 oil and gas producer, as a pandemic-driven collapse in demand forces the industry to consolidate…

PNOC, CNOOC to Start Offshore Exploration Venture by 2021

Oct 20, 2020

The president of the exploration arm of the Philippine National Oil Company (PNOC) said on Tuesday the company aimed to start an energy exploration venture with China National Offshore Oil Corp (CNOOC) in the South China Sea by 2021.PNOC was…

Neptune Energy Appoints Director of New Energy Business

Oct 05, 2020

Oil and gas company Neptune Energy has created a business branch named New Energy and has appointed Pierre Girard as a director who will lead it.Neptune announced in August the formation of a New Energy team to scale partnerships and investments in low carbon technologies…

Jadestone, OMV Take More Time to Wrap Maari Field Transaction

Sep 25, 2020

Oil and gas company Jadestone Energy and OMV have agreed to extend the long-stop date for the completion of Jadestone's acquisition of OMV's stake in the Maari project, in the shallow waters offshore New Zealand.Singapore-based Jadestone in…

Jadestone Energy Declares First Dividend Despite Oil Slump

Sep 10, 2020

Asia Pacific-focused oil and gas production company Jadestone Energy declared a maiden interim dividend on Thursday and reported positive operating cash flows in the first half, despite a slump in crude oil prices.The maiden dividend payout…

With Dampier Spirit FSO Set to Leave Stag Field, Jadestone Turns to Tankers

Sep 03, 2020

Oil and gas firm Jadestone Energy has signed new offtake arrangements for its Stag offshore oil field in W. Australia as the FSO used to take oil off the Stag platform is set to retire.Jadestone’s Stag oilfield produces crude oil via a fixed leg…

Hurricane Energy Picks Ex-Pharos Energy Man as New CEO

Aug 21, 2020

UK-based oil and gas company Hurricane Energy has appointed Antony Maris as Chief Executive Officer ('CEO') designate, and executive director of the company.Maris' appointment follows the resignation of Hurricane Energy's long-standing CEO Robert Trice…

Beach Energy, Bridgeport Energy Get Offshore Exploration Blocks in Victoria, Australia

Jul 13, 2020

Beach Energy and Bridgeport Energy have been awarded permits to explore for gas in Victoria, Australia, state waters near Portland and Port Campbell.'As Victorians turn up their gas heaters during the winter chill, the search for new gas off…

Jadestone, Inpex in Arbitration over Offshore Block in Vietnam

Jul 03, 2020

South East Asia focused oil and gas company Jadestone Energy has started arbitration against Inpex's subsidiary Teikoku over Jadestone’s acquisition of an interest in Blocks 05-1 b and c, offshore Vietnam.Jadestone in August 2016 signed an agreement…

Jadestone Delays Stag, Montara Drilling

Apr 22, 2020

After recently delaying projects in Vietnam, London-listed oil company Jadestone Energy has decided to postpone infill drilling programs at its Stag and Montara offshore fields in Australia, in a move to reduce cash spending due to the oil price rout…

Jadestone To Drill At Montara In Q2

Jan 15, 2020

Jadestone Energy has filed plans for drilling operations expected to start this year at its Montara oil field offshore Australia. The Montara field, which Jadestone bought in October 2018, lies approximately 690 kilometers east of Darwin in…

Jadestone Wins Arbitration against Total

Jan 09, 2020

Independent oil and gas producer Jadestone Energy has won an arbitration case against Total regarding a dispute over an offshore block in the Philippines.Jadestone Energy, focused on the Asia Pacific region, said Thursday its subsidiary Mitra Energy had been awarded monetary damages…

Jadestone Names Stewart Non-Executive Director

Dec 02, 2019

Asia Pacific focused independent Jadestone Energy said it has appointed Lisa A. Stewart as a non-executive director of the board, effective December 1, following the departure of Eric Schwitzer, effective November 30. Jadestone will continue to have eight directors…

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