Drilling rig in australia's north west shelf Exploration & Production

WA investment rises in response to forecast gas shortages

A projected shortfall in gas for the domestic market is prompting greater upstream activity in Western Australia.

By Sally Bogle 23 November 2017

Gorgon LNG’s Verve supply deal quells domestic buyers’ worries

Verve Energy’s gas supply agreement with Western Australia’s Gorgon LNG development on Wednesday may have reasssured a domestic industry concerned that it will lose out to the more profitable export market.

1 December 2011

Verve Energy signs supply deal with Chevron’s Gorgon LNG project

Western Australia’s Verve Energy has signed a 20-year “landmark” supply deal with Chevron’s Gorgon LNG project off the north-west coast of the state, Verve announced on Wednesday.

30 November 2011
Companies & Finance

Beach Energy consolidates assets as focus on shale gas intensifies

Beach is looking to consolidate control over the shale gas-rich Cooper Basin in Australia by taking over joint venture partner Adelaide Energy.

29 November 2011

Western Australia condemns unconventional ‘misinformation’

Western Australia is hoping to lure more oil and gas companies to explore for unconventional sources in its remote but resource-rich areas and is working to correct much of the “misinformation” spread by anti-shale and coal-bed methane (CBM) campaigns, the state’s minister for mines and petroleum told delegates at the LNG Outlook Australasia

29 November 2011

Papua New Guinea set to rival Australian LNG sector

At the LNG Outlook Australasia conference this week, InterOil said Papua New Guinea had the economics to become Asia Pacific’s second-largest LNG exporter by 2020.

28 November 2011

Inpex expects final gas sales deals before Ichthys FID

Japan’s Inpex expects to finalise the gas sales and purchase deals for its Australian Ichthys LNG station by the time it reaches a final investment decision (FID) in early 2012, despite the high cost of developing such projects in the country, an Inpex official told the LNG Outlook Australasia conference in Perth on Monday.

28 November 2011
Exploration & Production

APPEA concerned about competitiveness of Australian gas industry

The Australian Petroleum Production & Exploration Association (APPEA) has warned that the country’s LNG industry is facing serious challenges, which, “if not addressed, could seriously reduce the capture of benefits from expansion and jeopardise successful project delivery and future growth opportunities”, it said in a statement released on T

24 November 2011
Exploration & Production

APPEA cautions over possible new coal seam gas regulation

The Australian Petroleum Production and Exploration Association (APPEA) called for caution on Tuesday over a proposed policy change that would require coal bed methane projects to be independently assessed by a committee of scientific experts under the Environment Protection and Biodiversity Conservation (EPBC) Act.

22 November 2011

Inpex says Ichthys FID to 'slip' into January

The final investment decision (FID) on the Ichthys LNG project “may slip into mid-January 2012”, Japan’s Inpex said in an statement on Friday.

18 November 2011
Policy & Regulation

NSW battle over CBM drilling heats up

The government of New South Wales (NSW) has not cancelled any coal-bed methane (CBM) exploration licences and remains in talks with Santos about its suspended pilot production project, the state Ministry for Resources and Energy clarified on Monday.

14 November 2011
Companies & Finance

APLNG partnership helps Origin expand

Origin Energy’s decision to bring US heavyweight ConocoPhillips into its APLNG development in 2008 helped the Australian firm stave off a full takeover by BG, continue to operate the LNG development

10 November 2011
Policy & Regulation

Carbon tax may slow Aussie LNG competitiveness

Australian LNG developers may have to pay up to A$140 million ($144.51 million) per year more than foreign competitors once the carbon tax that cleared the Australian parliament’s upper house on Tuesday kicks in next summer, specialist advisory group Core Energy told Interfax.

8 November 2011
Companies & Finance

Aussie Beach Energy bids for smaller Adelaide Energy

Australia’s Beach Energy on Monday launched a full A$94 million ($96.8 million) takeover bid for fellow shale and tight gas developer Adelaide Energy, just two months after buying a 20% stake in the company.

7 November 2011
Policy & Regulation

Australia presses ahead with mining, resource taxes

Australia’s House of Representatives is discussing an extension to the country’s Petroleum Resource Rent Tax which could result in a 40% levy on onshore oil and gas output, including CBM and shale

2 November 2011
Supply & Demand

Australian gas price rise is affordable and necessary - Santos

A steady rise in eastern Australian gas prices will be an inevitable and affordable side-effect of the large-scale LNG liquefaction projects in development in the region, but its impact on customers will be “minimal and marginal”, a Santos vice-president said at the Australia Gas Conference in Sydney on Monday.

31 October 2011
Companies & Finance

Santos sells field to focus on Bonaparte LNG

Santos has reached a deal to sell its interest in the Bonaparte Basin's Evans Shoal field off the northern coast of Australia for up to $350 million, as part of a plan to focus on its LNG projects in Western Australia, the company said on Friday.

28 October 2011
Policy & Regulation

Australia’s carbon tax: A boon for gas generation

After clearing Australia’s lower house of parliament earlier this month, the country’s sweeping carbon tax legislation is all but certain. And while the law will raise taxes for the gas sector, it

27 October 2011
Supply & Demand

Australian domestic market may suffer as LNG goes abroad

Australia’s LNG production is set to boost the country’s export revenues but it also likely to lead to high gas prices and more domestic shortages.

24 October 2011

Woodside LNG projects still dogged by delays

In spite of assurances that they are running on schedule, Woodside Petroleum's three ambitious LNG projects continue to be bogged down by steep costs, labour shortages and political disputes.

21 October 2011
Companies & Finance

BHP Billiton’s gas supply rise will come from Australia

Australian mining major BHP Billiton plans to increase its gas production capacity by 2.9 billion cubic feet (84.4 million cubic metres: MMcm) per day in the next three years with the addition of four new projects in its home country, the company said in its production and exploration report on Wednesday.

19 October 2011

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