Talisman to Sell Stakes in Two Australian Offshore Fields
to sell its 40 percent stake in the Corallina and its one-third stake in the Laminaria fields, whose production averaged under 6,000 barrels per day last year, a small fraction of the 373,000 barrels of oil equivalent per day that Talisman averaged over 2013. The two oilfields are operated by Woodside Petroleum Ltd. Talisman has been slimming its operations and cutting debt in order to satisfy disgruntled investors and boost shares that have fallen 7.9 percent over the past 12 months. The Toronto Stock Exchange's energy index has climbed 39 percent over the same span. Brent Anderson, a spokesman
Spain Gives Go-ahead to Canary Islands Drilling
on a number of appeals on environmental grounds. Of the seven appeals against drilling rejected by the Supreme Court, one was from the local Canary Island government, which initially supported the project but then turned against it. Repsol, which leads a consortium including Australia's Woodside Petroleum Ltd and Germany's RWE Dea AG , has said exploration could start in the third quarter for commercial extraction to begin in 2019 if findings are positive. (By Andrés González; Additional reporting by Sarah Morris and Tracy Rucinski; Editing by Fiona Ortiz and Louise Heavens
Spain Backs Repsol Oil Exploration off Canary Islands
was backing it. The Environment Ministry said in a statement that Repsol would have to seek a separate authorisation for drilling and extracting oil in case it found any crude in the area, located 60 kilometres away from the islands. The company, leading a consortium including Australia's Woodside Petroleum Ltd and Germany's RWE Dea AG , said the exploration could start in the third quarter of the year if permits were granted on time. The Canary Islands regional government has been a fierce opponent to any oil exploration off its coasts because it believes it could harm its natural resources
Ocean Power Awards Australian Seabed Survey Contract
the coast of Portland, Victoria. The proposed Portland wave power station is the largest of its kind in the world. The project is being developed by VWP, a wholly owned subsidiary of Ocean Power Technologies Australasia Pty Ltd. an Australian company owned by OPT (88%) and energy company Woodside Petroleum Ltd (12%). OPTA awarded the seabed survey contract to PDS after undertaking an extensive qualification process, marking a major step in development of the project. The project recognizes the significance of the ocean environment for the Portland region and the survey will identify the best
February 2024
