The North Rankin platform in the North West Shelf. LNG

Glimmers of hope for Aussie upstream sector in 2018

Australia’s upstream sector is starting to see a recovery in investment prompted by higher oil prices and growing regional LNG demand.

By Sally Bogle 18 January 2018
LNG

Ichthys LNG approved with a $34 bln price tag

Japan’s Inpex and France’s Total on Friday announced a final investment decision (FID) of $34 billion for their Australian Ichthys LNG project – topping the original estimate of around $20 billion but clearing the way for 8.4 million tons per annum (mtpa) of LNG to be exported from late 2016.

13 January 2012
Exploration & Production

Somerset Regional Council imposes CBM moratorium

The Somerset Regional Council in Australia’s eastern state of Queensland has passed a resolution that imposes a moratorium on coal exploration and coal-bed methane (CBM) mining, it announced on Thursday.

12 January 2012
LNG

Ichthys group shakes on another equity sales deal

The Australian Ichthys LNG project developers have agreed to sell a 1.575% stake to Japan’s Tokyo Gas, they said on Thursday, just two days after striking three supply deals and just ahead of an expected final investment decision (FID).

12 January 2012
Companies & Finance

Carbon Conscious

Australia’s Carbon Conscious, a company that specialises in offsetting its clients’ carbon emissions, saw its share price soar thanks to its contract with Origin Energy, The Australian reported on Wednesday.

11 January 2012
Companies & Finance

Santos closes Gladstone LNG project financing

Australian developer Santos has closed $1.2 billion in debt project financing for the $16 billion Gladstone LNG (GLNG) project with commercial banks and a trio of export credit agencies (ECAs).

6 January 2012
Companies & Finance

Murray & Roberts may sell Clough stake

South Africa’s Murray & Roberts Holdings is considering selling all or part of its 62% stake in the Australian energy engineering firm Clough, The Wall Street Journal reported on Friday.

6 January 2012
Exploration & Production

Santos beings Wortel production

Australia’s Santos plans to begin gas production in the Indonesian offshore Wortel gas field by the end of January, Reuters reported on Friday.

6 January 2012
LNG

PNG’s constitutional crisis blamed for Gulf LNG delay

Political gridlock in Papua New Guinea last month is primarily to blame for InterOil’s decision to postpone making a final investment decision on its Gulf LNG project.

5 January 2012
LNG

BHP, ExxonMobil seek slice of Queensland LNG action

BHP Billiton said last month it was in talks with some Australian CBM-to-LNG projects about exporting gas from its Bass Strait development. Such a link-up would greatly accelerate the rise in eastern Australian gas prices.

22 December 2011
Companies & Finance

Woodside delays Browse LNG FID to 2013

Woodside Petroleum’s announcement on Monday that it would postpone making a final investment decision on its Western Australian Browse LNG development came as little surprise following an unfavourab

19 December 2011
Companies & Finance

Banks due to submit commitments for $14 bln APLNG project

Banks were due to submit commitments this week for debt to support the $14 billion first phase of the $20 billion two-train Australia Pacific LNG (APLNG) project.

16 December 2011
Exploration & Production

Australia’s next big money maker?

After about five years of wide-scale consolidation in the Australian coal-bed methane sector, majors are now eyeing up the country’s rich shale reserves. The playing field, however, is not as easy t

16 December 2011
Exploration & Production

Exmouth Plateau discovery

Chevron and Royal Dutch Shell have discovered more gas off the coast of Western Australia, Chevron announced on Thursday.

15 December 2011
Exploration & Production

New Zealand Oil & Gas buys stake in the Cosmos Concession offshore Tunisia

New Zealand Oil & Gas has bought a 40% stake in the Cosmos Concession offshore Tunisia, the company said in a statement on Wednesday.

14 December 2011
Exploration & Production

Australia’s shale potential untouched

Australia’s vast shale gas resources so far remain largely untouched, in part because of high costs. But with a couple of recent investments in the sector, there is optimism that output will begin in the next five years.

13 December 2011
LNG

Sinopec to raise stake in Australia’s APLNG to 25%

China’s state-owned Sinopec announced on Monday that it will boost its stake in the Australia Pacific LNG (APLNG) project, a joint venture controlled by ConocoPhillips and Origin Energy, to 25%.

12 December 2011
LNG

Gas storage is the missing link in Australian CBM-LNG projects

Eastern Australia’s coal-bed methane output, LNG exports and gas-fired power generation are all rising quickly. So far, however, investors appear to be ignoring the growing value of gas storage capacity.

8 December 2011
Companies & Finance

Near-term credit crunch awaits Australian LNG producers

Australia is undoubtedly set to become the world’s leading LNG exporter in the next decade, with around 60 million tons of LNG and $150 billion worth of sanctioned projects in the pipeline.

7 December 2011
LNG

Woodside’s Browse LNG suffers setback in land title dispute

Woodside Petroleum’s troubled Browse LNG Development in Western Australia suffered a setback on Tuesday, when the state's Supreme Court ruled against the company in a native land title dispute.

6 December 2011
LNG

QGC’s investments in Queensland Curtis LNG tops A$5.1 bln

Australian coal seam gas (coal-bed methane) explorer and producer Queensland Gas Co. (QGC) has invested more than A$5.1 billion ($5.23 billion) in the past 18 months in the Queensland Curtis LNG (QCLN

5 December 2011

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