An Origin Energy gas plant. The company is selling its stake in the Waitsia field. (Origin) Exploration & Production

Mitsui stalks Origin stake in WA onshore gas field

IOCs are waking up to the potential of onshore fields in Western Australia as reserve estimates are boosted and cash-strapped explorers sell up.

Drilling on Australia’s North West Shelf. The Great Australian Bight could hold similar reserves. (Woodside) Exploration & Production

Is there enough gift in the GAB for BP?

BP is hoping to overcome objections by protest groups and gain access to explore the huge potential of the Great Australian Bight.

LNG

PNG supports both Total’s and Exxon’s LNG projects

Papua New Guinea is supporting Total’s proposed LNG project in the country as well as ExxonMobil’s expansion plans for the PNG LNG project.

22 September 2016 14:17 GMT
Exploration & Production

Northern Territory fracking moratorium introduced

Australia’s Northern Territory officially introduced its moratorium on fracking on Wednesday.

14 September 2016 14:20 GMT
A platform on the North West Shelf project. Gas from Scarborough could be used as backfill. (Woodside) Exploration & Production

Woodside buy-in offers new options for Scarborough

Woodside’s involvement means gas from the Scarborough field could be used as backfill for the Pluto or North West Shelf projects, and may even revive plans for an FLNG vessel.

12 September 2016 9:56 GMT
Companies & Finance

Origin’s new CEO to focus on debt

Frank Calabria has told Bloomberg he will focus on paying down a A$9 billion debt pile.

9 September 2016 13:36 GMT
LNG

Gorgon LNG upstream facilities complete

Wood Group and Technip have completed work on the upstream facilities for the Gorgon LNG project.

8 September 2016 14:52 GMT
Pipelines, Storage & Power

APLNG signs 20-year gas transport agreement with APA Group

Australia Pacific LNG has signed a 20-year gas transport agreement with APA Group.

6 September 2016 13:07 GMT
LNG

Australia’s east coast LNG exports hit record high

Exports of LNG from Australia’s east coast reached an all-time high of 1.51 mt of LNG in August.

6 September 2016 13:05 GMT
LNG

World’s first LNG trading platform to launch next month

A group of Perth-based executives are expected to launch the world’s first LNG trading platform next month.

5 September 2016 14:19 GMT
LNG

Ichthys LNG hits final construction phase

Australia’s Ichthys LNG project has reached its final construction phase and is scheduled to start processing LNG next year.

5 September 2016 14:18 GMT
Exploration & Production

Woodside signs SPA for Scarborough field assets

Australia’s Woodside has signed a $400 million SPA to acquire half of BHP Billiton’s Scarborough area assets in the Carnarvon Basin.

5 September 2016 14:17 GMT
LNG

Aussie gas production grows as projects ramp up

Australia’s gas production is ramping up as more LNG projects come online, but it hasn’t yet become the world’s biggest exporter.

5 September 2016 8:37 GMT
The Hornet 1 shale well in Australia. Companies are concerned opposition to unconventionals is increasing. (Senex) Exploration & Production

Anti-fracking lobby gains ground in Australia

State government bans on fracking and unconventional exploration in Australia are worrying producers and lending protesters strength.

1 September 2016 12:11 GMT
Exploration & Production

Lakes Oil mulls lawsuit against state of Victoria

Australian oil and gas explorer Lakes Oil is considering possible grounds for suing the state of Victoria after the government permanently banned fracking.

31 August 2016 15:19 GMT
Alternative Fuels

Gas Natural subsidiary wins contract for Australian wind

Global Power Generation has been awarded the contract to construct and operate a 91 MW wind farm in Australia under a deal worth more than €120 million.

24 August 2016 11:57 GMT
LNG

CIMIC starts court case against Chevron and KBR over Gorgon

CIMIC Group has announced it has started court proceedings against Chevron and KBR in a dispute over the construction of the jetty and marine structures for the Gorgon LNG project.

22 August 2016 12:36 GMT
Companies & Finance

Woodside reports 50% drop in H1 profits

Australia’s Woodside has reported a 50% decline in net profit for H1 2016, of $340 million, largely as a result of falling oil prices.

19 August 2016 13:49 GMT
Santos has logged a post-tax impairment charge of US$1.5 billion on the value of Gladstone LNG. (Santos) LNG

Santos takes writedown over supply, pricing issues

Low oil prices continue to put pressure on Australian exporters, as supply issues at Gladstone LNG leave Santos with heavy losses.

19 August 2016 9:32 GMT
Companies & Finance

Origin reports $589 mln loss on debt and low oil prices

Origin Energy reported a full-year loss of US$589 million for the Australian financial year.

18 August 2016 12:08 GMT
LNG

Santos taking A$1 bln writedown on Gladstone LNG

Adelaide-based Santos has said it will take a A$1.05 billion writedown on its Gladstone LNG project.

16 August 2016 13:57 GMT
Alternative Fuels

South Australia facing blackouts if coal is retired

South Australia could face blackouts in 2019-2020 if coal-fired plants are retired to meet carbon reduction targets, according to The Australian.

12 August 2016 13:20 GMT

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