Jadestone hits Montara, Stag snags but sees better times ahead
“As we said we would, we have worked hard to successfully grow the business away from Montara and to diversify into higher quality assets, and this is reflected in this year's guidance.”
Montara
Jadestone rides East Belumut high with strong production
"The East Belumut drilling programme has proved to be very successful”, said Jadestone president and CEO Paul Blakeley.
Jadestone builds confidence at Montara and looks ahead
Jadestone CEO and president Paul Blakeley said Montara had been a “real problem”. The defect in July occurred in a tank that had already been inspected, he explained to Energy Voice.
Paul Blakeley sets out his vision for Jadestone’s growth
Among the company’s plans, it sees gas as playing an important part. The company took final investment decision (FID) on the Akatara gas project in June 2022. It is 28% complete and should reach first gas in the first half of 2024.
Jadestone announces largest-ever capex programme for 2023
Jadestone Energy has announced an investment programme worth up to $140 million for 2023 as it looks to first gas from its Akatara venture next year.
Indonesia to file $1.7bn Montara oil spill lawsuit against Thailand’s PTTEP
Indonesia is seeking at least 27.4 trillion rupiah ($1.7 billion) in damages from PTT Exploration & Production (BKK:PTTEP) in a planned lawsuit next year over the Montara oil spill, even after the Thai company reached an initial settlement with farmers in the area.
PTTEP agrees $127m Montara oil spill settlement
Thailand’s PTT Exploration & Production (PTTEP) has concluded an out of court settlement with Indonesian seaweed farmers after agreeing to pay A$192.5 million (US$127.4 million) in compensation for the oil spill that resulted from the 2009 Montara blowout offshore Australia.
Jadestone’s Montara FPSO remains shutdown, restart uncertain
UK-listed Jadestone Energy (LON:JSE) has reported that the start-up of the company’s Montara Venture floating production storage and offloading (FPSO) vessel remains uncertain following oil leaks offshore Australia.
Structural integrity of Jadestone’s Montara FPSO questioned by Australia’s regulator after oil spills
Jadestone Energy (LON:JSE) has been slapped with two directives from Australia’s offshore energy regulator as worries rise about the structural integrity of the company’s Montara floating production storage and offloading (FPSO) vessel following two oil leaks.
Jadestone hit with stop notice after oil spill incident poses “significant threat”
Australia’s offshore regulator has issued a prohibition notice to Jadestone Energy (LON:JSE) following an oil spill offshore Australia at the Montara oilfield due to immediate and significant threats to the environment as the structural integrity of the FPSO is at risk of failure.
Oil spill offshore Western Australia at Jadestone’s Montara field, share price dives
UK-listed Jadestone Energy has reported an oil spill offshore Western Australia at the Montara oilfield when oil was being transferred between two crude tanks onboard the Montara Venture FPSO. Oil was observed on the surface of the sea and the field has now been shut down after a hole was identified in the bottom of the tank of the floating production storage and offloading (FPSO) unit.
Indonesia to sue Thailand’s PTTEP over oil spill
The Indonesian government is preparing to launch domestic legal action against Thailand’s PTT Exploration & Production (PTTEP) (BKK:PTTEP) relating to economic and environmental damages suffered by local people around Kupang following the 2009 Montara oil spill.
Jadestone celebrates Montara oil success off Australia
Asia Pacific-focused Jadestone Energy (LON:JSE) today said it has successfully tied the Montara H6 development well into the Montara field facilities offshore Australia in the Timor Sea and started production.
Australia rules against Thailand’s PTTEP over oil spill
The Indonesian government has welcomed an Australian court ruling ordering Thailand’s PTT Exploration & Production (PTTEP) to pay compensation to Indonesian seaweed farmers following the 2009 Montara oil spill. The total bill could top more than $262 million.
Jadestone seeks FPSO for Vietnam
Asia Pacific-focused Jadestone Energy is preparing to re-issue a tender for a floating production storage and offloading (FPSO) vessel for its planned gas development at Nam Du and U Minh off Vietnam.
Jadestone makes £147m acquisition of Montara project
Independent oil firm Jadestone Energy has completed a £147.1million acquisition of the Montara project off the coast of Australia.