Print 
Armour Energy’s initial shipment of crude oil production has been despatched.
Armour’s first load of crude oil has been collected by crude oil road tanker (approx. 53,000 litres or 333 bbls) at Armour's Emu Apple oil field near Roma in South West Queensland.
Armour started oil production on 17 August, and the field is currently producing at a steady rate of 42 barrels per day. Operating cost per barrel of oil, including transportation cost to the refinery, is $21.50 per barrel.
More General News News
Phillips 66 Makes Offer to Buy DCP Midstream for $34.75/Share
Phillips 66 has submitted a non-binding proposal to the board of directors of the general partner of DCP Midstream offering to acquire all publicly held common units of…
Hamm Family Proposes Taking Continental Resources Private for $25B
Continental Resources, Inc. announced that its board of directors has received a non-binding proposal letter from Harold G. Hamm proposing that the Hamm family purchase all outstanding shares…
Exxon, Hess to Proceed with Yellowtail Development Offshore Guyana
ExxonMobil has made a final investment decision to proceed with development of Yellowtail offshore Guyana after receiving government and regulatory approvals. The company's fourth, and largest, project in…
Operators Cite Investor Pressure for Production Growth Restraint
The latest survey by the Dallas Fed has unveiled that most E&P companies cite investor pressure as the primary reason for meager production growth. 60% of Execs Cite…
Citing Ukraine Invasion, BP to Dump 19.75% Stake in Rosneft, Exit Board
The BP board has announced that BP will exit its shareholding in Rosneft. BP has held a 19.75% shareholding in Rosneft since 2013. Additionally, BP chief executive officer…
Austral-Asia News
Chevron First Quarter 2023 Results
Chevron Corp. announced its first quarter 2023 results. Highlights Reported earnings of $6.6 billion; adjusted earnings of $6.7 billion Cash flow from operations of $7.2 billion; free cash…
Chevron Fourth Quarter, Full Year 2022 Results
Chevron Corp. reported its fourth quarter and full year 2022 results. Chevron reported earnings of $6.4 billion ($3.33 per share - diluted) for fourth quarter 2022, compared with…
Chevron Third Quarter 2022 Results
Chevron Corp. reported its third quarter 2022 results. Chevron reported earnings of $11.2 billion ($5.78 per share - diluted) for third quarter 2022, compared with $6.1 billion ($3.19…
Civeo Corp. Second Quarter 2022 Results; Raises Guidances
Civeo Corp. reported financial and operating results for the second quarter ended June 30, 2022. Bradley J. Dodson, Civeo's President and Chief Executive Officer, commented: "In the second…
Chevron Promotes Knowles to VP / Controller Role
Chevron Corp. announced the appointment of Alana K. Knowles as vice president and controller, effective March 1, 2023. Knowles will succeed David A. Inchausti, who will resign from…