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Jadestone Energy News

 

Jadestone Shutting Down Montara FPSO Output to Fix Tank Issues

Aug 12, 2022

Asia Pacific-focused oil and gas company Jadestone has decided to shut production from its Montara field FPSO in the Timor Sea, off Australia, to allow for repairs on a tank that leaked oil back in June through a 30-millimeter crack.While the…

Mocean Energy Starts Tank Testing Models for 250kW Wave Energy Machine

Jul 07, 2022

Mocean Energy has started tank testing models of its 250kW Blue Horizon wave energy machine as part of the EU-funded EuropeWave program.The Edinburgh-based wave power company is of seven technology developers awarded contracts for phase 1 of the €20 million R&D scheme…

Jadestone Restarts Output From Montara Field after Halt Due to Oil Leak from FPSO Tank

Jul 04, 2022

Asia Pacific-focused oil and gas company Jadestone Energy has resumed production from its Montara Venture FPSO in Australia, following a recent halt due to an oil leakdue to a 30 mm tank crack.Jadestone in June said that oil had spilled at Montara field offshore Australia…

Ithaca Energy Wraps Siccar Point Energy Buy

Jul 04, 2022

Ithaca Energy has completed the previously announced acquisition of the UK North Sea focused oil and gas company Siccar Point Energy.The proposed acquisition was first announced in April, when it was said that Ithaca would pay for $1.1 billion…

SBM Offshore's Treasurer and IR Head Joins Jadestone Energy as New CFO

Jun 28, 2022

Asia-Pacific focused oil and gas company Jadestone Energy has appointed Bert-Jaap Dijkstra as Chief Financial Officer.Dijkstra will join Jadestone Energy from SBM Offshore, the Dutch FPSO leasing specialist, effective from September 1, 2022…

Oil Spills from Jadestone's Montara Venture FPSO Offshore Australia. Output Shut

Jun 24, 2022

Oil spilled last week at Jadestone's Montara field offshore Australia, during crude oil transfer between two crude oil tanks onboard the Montara Venture FPSO, forcing the company to shut down production from the offshore fied.'During the transfer…

BlueFloat Energy and Energy Estate to Build 1.15GW Offshore Wind Farm in Australia

Jun 23, 2022

BlueFloat Energy and Energy Estate partnership on Thursday announced its latest offshore wind development in Australia – the 1.155 GW Southern Winds offshore wind project.Southern Winds will use bottom-fixed technology and will be located 10…

Neptune Energy Eyes Spending More than $1B to 'Support UK Energy Security'

May 10, 2022

Oil and gas company Neptune Energy said Tuesday it would spend more than $1 billion over the next five years 'securing energy supplies for the UK and speeding the transition to net zero.'The amount planned for investment includes capex and pre-development…

Wave Energy Tech Firm Mocean Energy Secures Major Investment

Mar 04, 2022

UK-based wave energy technology company Mocean Energy has said it has secured a major new investment to accelerate the commercial roll-out of its Blue Star wave machine. The new funds will drive the technology's adoption in subsea oil and gas…

Jadestone Energy Resumes Full Output from Montara (Australia)

Mar 02, 2022

Jadestone Energy said Wednesday it had resumed full production at the Montara project offshore Australia.Montara production had in recent weeks been running at reduced rates following an engine failure in the gas reinjection compressor.  'The engine has been replaced and gas lift reinstated…

Australia: Pilot Energy, Triangle Energy Terminate Proposed Farm-out and Cliff Head Solar, Wind JV

Feb 02, 2022

ASX-listed oil and gas company Pilot Energy Limited said Tuesday its proposed agreements with Triangle Energy to farm out a part of a block off W. Australia and create a solar and wind joint venture would not go ahead as the Australian regulators have refused to grant the necessary approvals…

Young Leaves Jadestone to Become Cooper CFO

Dec 27, 2021

Cooper Energy announced that it has hired Daniel Young as its new chief financial officer, effective May 2022. He will succeed David Di Blasio, who has been serving as acting CFO.An energy professional with over 25 years of global experience in Australia…

Jadestone Energy CFO to Resign

Dec 23, 2021

Jadestone Energy, an oil and gas production company focused on the Asia Pacific region said Thursday that its Chief Financial Officer (CFO)   Dan Young, had decided to leave the company.'After more than 20 years overseas, Mr Young intends to repatriate back to Australia for personal family reasons…

Rig on the Move: Carnarvon Energy Set to Spud Buffalo-10 Well in Timor Sea

Dec 22, 2021

After weeks of delays, Australian oil and gas company Carnarvon Energy has informed that the Valaris JU-107 jack-up drilling rig is now being mobilized to the Buffalo-10 location, in the Timor Sea, with the drilling operation expected to start 'within a week…

Carnarvon Faces Another Buffalo Drilling Start-up Delay

Dec 13, 2021

Australian oil and gas firm Carnarvon Energy expects to spud its Buffalo-10 well in the Timor Sea in late December and not in mid-December as previously expected.The company said Monday that the Valaris JU-107 jack-up drilling rig was 'still on its current operations…

Current News

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Sources say that OPEC+ will meet on Saturday in order to decide the output policy for June.
The UK's FTSE100 marks record winning streak
Goldman Sachs predicts a 410,000-bpd increase in OPEC+ supply for June
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