Origin’s Spring Gully CBM development in eastern Australia. (Origin Energy) Policy & Regulation

Beetaloo developers eye exemption from fracking ban

Developers are watching closely as the Northern Territory considers whether their resources will be exempt from a possible ban on fracking.

By Sally Bogle 21 July 2017
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
The head offices of mining giant BHP Billiton in Melbourne, Australia. (PA) LNG

BHP Billiton: A sleeping giant in the Aussie LNG race

There are 14 LNG liquefaction projects being planned or under construction in Australia but homegrown oil and gas major BHP only has a stake in three. So why has it been so slow to enter the LNG race?

19 August 2011
LNG

Woodside takes Pluto lessons into account for Browse LNG plans

Australia’s Woodside is on track to make a final investment decision (FID) on its Browse LNG Development in Western Australia in mid-2012 and plans to learn from the technical difficulties it encountered with the development of its neighbouring Pluto LNG facility, Chief Executive Peter Coleman said in a teleconference on Wednesday.

18 August 2011
LNG

Woodside nearing gas purchase deals for Pluto LNG expansion

Australia’s Woodside Petroleum is close to finalising agreements with other gas companies to buy supplies to support the planned expansion of its Pluto LNG project in Western Australia, the company said in a press conference on its half year results today.

17 August 2011
Supply & Demand

Conventional Aussie LNG projects may suffer delays as demand softens

Strengthening LNG demand in the past few years has fuelled the plans for at least five coal-bed methane (CBM) LNG trains in Australia.

16 August 2011
LNG

Arrow Energy awards FEED contract for CBM-LNG project

Arrow Energy’s plan to construct a multi-billion dollar LNG export plant on Curtis Island off Gladstone in Central Queensland has taken a step forward with the awarding of the front-end engineering design (FEED) contract.

16 August 2011
Companies & Finance

Beach Energy takes 20% stake in shale gas partner Adelaide Energy

Adelaide-based shale gas company Beach Energy is set to take a 19.95% stake in its joint venture partner Adelaide Energy.

15 August 2011
Policy & Regulation

Western Australia retains domestic gas supply policy

The Western Australian government has decided to retain the 15% domestic gas reservation requirement for all projects within the state, according to a statement released on 9 August.

10 August 2011
Exploration & Production

Sinopec finalises APLNG deal

Sinopec has today secured a deal with Australia Pacific LNG (APLNG) for a 15% stake in the Australia Pacific liquefied gas project in Gladstone, Queensland.

9 August 2011
Supply & Demand

Asian gas-related investment in Australia unaffected by global downturn

Demand for Australian commodities is experiencing growth, despite the tumult in global markets, Australia’s Resources Minister, Martin Ferguson, said on 8 August.

9 August 2011
LNG

Australia’s Velocious wins subsea work contract for Gorgon LNG project

Australian engineering company Velocious has landed a contract for specialist subsea work on Chevron’s Gorgon LNG project off the coast of Western Australia, according to a news report today.

5 August 2011
Exploration & Production

Huanglong New Energy signs tech support agreement with Australia's CS Gas

Henan Huanglong New Energy Development Co. Ltd. (Huanglong) has signed a co-operative framework agreement for Australia's CS Gas Pty Co. Ltd. (CS Gas) to provide technical support for a coal-bed methane (CBM) project in Henan Province's Pingdingshan Coal Mining Area, Huanglong announced on 30 July.

4 August 2011
Exploration & Production

Aussies race towards CBM drilling, but high currency pressures foreigners

The race to tap into Australian coal-bed methane (CBM) reserves is picking up, with Australia’s Planet Gas announcing Tuesday that it is about to start drilling for CBM and Metgasco announcing that it has raised A$15.3 million ($16.6 million) for its own project.

3 August 2011
LNG

ConocoPhillips, Origin agree FID on $20 billion APLNG project

Origin Energy and its joint venture US partner ConocoPhillips have approved a final investment decision (FID) for the first phase of their US$20 billion, two-train Australia Pacific LNG (APLNG) project in Australia’s eastern coastal state of Queensland.

28 July 2011
Exploration & Production

Proven and probable reserves in Australia’s Meridian SeamGas up by 93%

Australian coal seam gas operator WestSide has lifted its estimate of the proven and probable reserves in the Meridian SeamGas fields by 93% compared with the level last year, the company said today.

27 July 2011
Exploration & Production

BG strikes $143.7 million deal for shale and tight gas exploration in Australia

BG Group subsidiary Queensland Gas Company (QGC) and exploration & production company Drillsearch Energy have struck a A$130 million ($143.7 million) deal to begin exploration and production of shale and tight gas in Australia’s Cooper Basin, Drillsearch said today.

27 July 2011
LNG

Australia targets South Korea as key LNG investor

Australia is keen to increase South Korean investment in its LNG industry, including its burgeoning coal-bed methane (CBM) projects, to boost shipments to the Asian nation.

25 July 2011

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