Flaring from a shale gas well in eastern Australia’s Cooper Basin. Companies & Finance

Gas exploration stymied as Western Australia restricts onshore fracking

Western Australia’s new Labor government has stopped fracking in the state in a move critics say will deter investment in oil and gas exploration.

By Sally Bogle 21 September 2017
Exploration & Production

New South Wales CBM moratorium forces Dart to refocus exploration

Dart Energy has decided to refocus their exploration to its PEL428 petroleum lease, near the city of Newcastle, Australia, following a moratorium by the NSW government.

29 September 2011
Companies & Finance

Arrow strings up Bow takeover for $522 million

Australia’s Arrow Energy has won approval for its takeover of coal-bed methane (CBM) explorer Bow Energy after raising its offer to $521.8 million (A$535 million), making way for further consolidation in the booming Australian CBM-to-LNG market.

26 September 2011
LNG

East Timor hopes to resolve Greater Sunrise dispute by 2012

The government of East Timor and Australia’s Woodside Petroleum could resolve a dispute over the Greater Sunrise LNG liquefaction project in 2012, President Jose Ramos-Horta said in a television interview on Friday, adding that putting an onshore gas plant on the island remains the best option.

23 September 2011
LNG

Australia gives Wheatstone LNG the environmental green light

Chevron on Thursday received the Australian government’s environmental approval for its $27 billion Wheatstone LNG project.

22 September 2011
LNG

Australia puts carbon tax legislation to parliament

Australia’s Labour government today introduced its controversial carbon tax legislation into parliament, a move designed to put a price on greenhouse gas (GHG) emissions from mid-2012.

13 September 2011
LNG

Australia gives environmental nod to Julimar, Brunello fields

American oil and gas major Apache has received the Australian government’s environmental approval to develop the offshore Julimar and Brunello gas fields, which will supply the Chevron-operated Wheatstone LNG project, Apache announced on Wednesday.

8 September 2011
LNG

Osaka Gas negotiating for a stake in Australian Ichthys LNG project

Japan’s Osaka Gas and Inpex are discussing the possibility of Osaka Gas buying LNG supplies and an equity stake in the Western Australian liquefaction project, according to news reports this week.

7 September 2011
Exploration & Production

Australian gas industry launches pro-CBM campaign

Australia’s leading oil and gas industry association is kicking off a campaign highlighting the environmental benefits of gas-fired energy when compared with many other types of fuel, in response to growing opposition to coal-bed methane (CBM) – the source of several new LNG projects in development.

5 September 2011
LNG

Browse LNG’s tug of war

News this week suggesting that the Australian government pressured the Browse LNG Development joint venture (JV) partners into building the station at the controversial James Price Point and accepting a tight timeline, highlights the disagreements that many analysts see as detrimental to the Western Australian project.

2 September 2011
LNG

Browse LNG site omitted from Australian national heritage listing

Woodside Petroleum’s planned Browse LNG Development received a boost on Wednesday from the Australian government’s decision to omit the liquefaction station’s site from the west Kimberley area’s addition to the National Heritage List.

1 September 2011
LNG

Western Australia gives environmental OK to Chevron’s Wheatstone LNG

Chevron Australia has received environmental approval for its $27 billion Wheatstone LNG project from Western Australia’s (WA’s) Environment Minister, Bill Marmion.

31 August 2011
Policy & Regulation

New Zealand pushes to tighten exploration permitting rules

New Zealand is pushing to replace its first-come, first-served system of allocating oil and gas exploration permits with a more stringent and internationally competitive method beginning next year, the Ministry of Petroleum & Minerals announced on Tuesday.

31 August 2011
Exploration & Production

Australian opposition to coal seam gas ignores benefits to China

The efforts of Australian political party The Greens to curb coal seam gas (CSG) production and exploration because of environmental concerns fails to take into account the positive effects of providing China with gas to fuel more eco-friendly energy, according to one energy analyst.

30 August 2011
LNG

Beach anticipates supplying gas to Gladstone LNG facilities in late 2013

Independent Australian oil and gas producer Beach Energy is optimistic that its shale gas fields in the onshore Cooper Basin will produce enough gas to supply both the local Australian market and planned LNG facilities on Queensland’s east coast at Gladstone, a company official told Interfax.

30 August 2011
LNG

Beach anticipates LNG exports to Asia by 2014

Independent Australian oil and gas producer Beach Energy is optimistic that its shale gas fields in the onshore Cooper Basin will produce enough gas to supply both the local Australian market and planned LNG facilities on Queensland’s east coast at Gladstone, a company official told Interfax.

30 August 2011
LNG

Australia considers taxing NWS LNG products

The Australian government is seeking public comment on draft legislation that would extend the petroleum resource rent tax (PRRT) that covers offshore oil and gas activities to onshore upstream projects such as the expansive North West Shelf (NWS) LNG development, it announced today.

26 August 2011
LNG

Petrohawk takeover not to interfere with LNG projects – BHP CEO

BHP Billiton’s $15.1 billion takeover of American shale gas developer Petrohawk Energy does not rule out the Australian miner’s interest in expanding its LNG operations in the future, CEO Marius Kloppers said at a press conference on Wednesday.

25 August 2011
Companies & Finance

Stronger production pushes BHP’s petroleum revenues up by 22.3%

The start-up of the offshore Angostura Gas Project in Trinidad and Tobago, the addition of the newly acquired Fayetteville shale gas reserves in the United States and higher production from Australia’s North West Shelf (NWS) helped BHP Billiton push its petroleum revenues up by 22.3% for the year ending in June 2010, the Australian mining company

24 August 2011
LNG

Australian APLNG’s annual net profits drop by 65%

The Australian Pacific LNG (APLNG) project’s net profits declined by 65% year-on-year to A$91 million ($95.6 million) in the year ending on 30 June, due in part to the unwinding of discounted receivables from shareholders, stakeholder Origin Energy said today in its annual results.

23 August 2011
Companies & Finance

Santos more than doubles first half profits thanks to Gladstone deal

The Australian oil and gas company Santos has more than doubled its first half profit for 2011 to $504 million ($526 million USD), up 155% from last year, according to figures released online on 19 August.

19 August 2011

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