• 3 minutes China has *Already* Lost the Trade War. Meantime, the U.S. Might Sanction China’s Largest Oil Company
  • 7 minutes Saudi and UAE pressure to get US support for Oil quotas is reportedly on..
  • 11 minutes China devalues currency to lower prices to address new tariffs. But doesn't help. Here is why. . . .
  • 15 minutes What is your current outlook as a day trader for WTI
  • 4 hours Will Uncle Sam Step Up and Cut Production
  • 51 mins In The Bright Of New Administration Rules: Immigrants as Economic Contributors
  • 2 mins Long Range Attack On Saudi Oil Field Ends War On Yemen
  • 10 hours Domino Effect: Rashida Tlaib Rejects Israel's Offer For 'Humanitarian' Visit To West Bank
  • 10 hours Gretta Thunbergs zero carbon voyage carbon foot print of carbon fibre manufacture
  • 1 hour * 8 to 10 "good" years left in oil industry * UAE model for Economic Deversification * Others spent oil billions on terrorism, wars, lopping off heads * Too late now
  • 4 hours CLIMATE PANIC! ELEVENTY!!! "250,000 people die a year due to the climate crisis"
  • 15 hours NATGAS, LNG, Technology, benefits etc , cleaner global energy fuel
  • 10 hours Continental Resource's Hamm wants shale to cut production. . . He can't compete with peers.
  • 23 hours Why Oil is Falling (including conspiracy theories and other fun stuff)
  • 23 hours Significant: Boeing Delays Delivery Of Ultra-Long-Range Version Of 777X
  • 13 hours Trump vs. Xi Trade Battle, Running Commentary from Conservative Tree House
  • 5 hours US Petroleum Demand Strongest Since 2007
Alt Text

Petronas Halts all Imports of Iranian Crude in South Africa

Engen, a South African based unit of Petronas, has announced that it has halted all crude imports from Iran, which used to account for 80 percent of

Read more +
Alt Text

Acquisition of Maari 3D Seismic Survey Commences

Cue energy has just released good news regarding permits for projects in New Zealand

Read more +
Alt Text

Environmental Approval Extended for Tassie Shoal LNG Project

MEO Australia Ltd has just received environmental approval for its Tassie Shoal LNG project.

Read more +

Cue Energy Encouraged by Progress at Mahakam Hilir PSC, Indonesia

Cue Energy Resources Ltd is pleased to provide the following update on the drilling status of Naga Utara-1. The well is located within the Mahakam Hilir PSC in the Kutei Basin, Indonesia. The well operator is SPC Mahakam Hilir PTE Ltd (SPC).

As of 23rd February 2012 the well has successfully sidetracked from 3291 ft MD and is making progress at 3535 ft MD. The 8½ inch section of the sidetrack will re-drill the gas zones encountered in the original hole to a depth of 4650 ft. The sidetrack well will then be evaluated using wire-line logs.

The participants and their respective interests in the PSC are:

SPC Mahakam Hilir Pte Ltd (Operator) 60%
Cue Mahakam Hilir Pty Ltd 40%

Cue will continue to release reports of well progress on a weekly basis.

To read the full release click on the pdf file above. Or visit Cue Energy’s Website for more information.

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play