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Companies & Finance

Western Australia to bring China into Browse

The Western Australian government is facilitating talks to bring China into the Browse LNG Development, The Australian reported on Saturday, citing state Premier Colin Barnett.

30 January 2012
Companies & Finance

Woodside considers selling a Browse LNG stake

Western Australia’s Woodside Petroleum on Friday confirmed that it is considering selling part of its 50% majority share in the troubled Browse LNG Development, but emphasised that it has not yet ma

27 January 2012
Exploration & Production

Conoco to being drilling at Browse this quarter

ConocoPhillips expects to begin a drilling programme at its Browse Basin joint venture off the north-western coast of Australia this quarter, slightly later than initially planned, Chief Financial Officer Jeff Sheets said on Thursday, according to The Australian.

27 January 2012
Exploration & Production

ExxonMobil restarts operations at PNG LNG

ExxonMobil has restarted operations at its PNG LNG project following a deadly landslide in the country, and said that the two-day pause would not delay the development, Reuters reported on Thursday.

26 January 2012
Supply & Demand

NZ oil and gas fields stand to grow from higher oil prices

If oil prices remain high in the coming years, they will encourage more oil and gas field development in New Zealand and lead to a rise in gas use in the 2020s, the country’s Ministry of Economic De

26 January 2012
Companies & Finance

AWE’s Indonesian buys receive praise

Australian explorer and producer AWE has decided to shrink its stakes in the Bass Basin at home and invest in two oil and gas production sharing contracts (PSCs) in Indonesia a move which has received praise from analysts for “ticking the boxes”.

25 January 2012
Companies & Finance

Inpex in talks over Ichthys financing

With a capital expenditure plan of $24.7 billion for its newly approved Ichthys LNG project, Japan’s Inpex is in talks about project financing with export credit agencies (ECAs) and major commercial

24 January 2012
LNG

Australian LNG faces uncertain future

Despite a recent boom, high prices, rising competition and environmental restrictions could be putting the future of Australian LNG at risk.

23 January 2012
Companies & Finance

Sinopec increases stake in Australian LNG

China’s Sinopec has increased its stake in the Australia Pacific LNG project by 10% to 25% for $1.1 billion, as well as signed a series of agreements with project partners ConocoPhillips and Origin Energy for additional LNG supply from the project.

23 January 2012
Companies & Finance

Aussie explorer gets IFC debt

Australian explorer Rialto Energy has reached an agreement with Washington-based lending arm of the World Bank the International Finance Corporation for an investment of up to $20 million for the deve

20 January 2012
Exploration & Production

InterOil hunts for more Papua New Guinea gas

Texas-based InterOil has begun an exploratory drilling campaign in Papua New Guinea, in the hopes of adding to its discoveries of the reserve-rich Elk and Antelope fields in the past five years.

20 January 2012
Exploration & Production

Chevron makes lucky 13th gas find in Western Australia

Chevron has made its fourth gas discovery in a year off the coast of Western Australia, further boosting its reserves for its three LNG developments in the area, the company announced on Thursday.

20 January 2012
LNG

Gloomy outlook for Australian LNG

Although analysts predict a tough year ahead for the Australian upstream oil and gas sector, some companies are optimistic about the future.

19 January 2012
Exploration & Production

Austrailian gas project nears completion

The BHP Billiton-ExxonMobil Bass Strait Turrum gas project in south-eastern Australia is 72% complete and expected to begin producing 5.7 MMcm/d in 2013, BHP said on Wednesday.

18 January 2012
Exploration & Production

Australian minister in US to promote investment

The Australian Minister for Resources, Energy and Tourism, Martin Ferguson, is in the United States this week for the annual ’G’Day USA’ event and series of meetings, during which he hopes to promote and highlight American investments in resource projects such as the Gorgon, Darwin and Wheatstone LNG developments

17 January 2012
Companies & Finance

Total looking for acquisition opportunities in Australia

French oil major Total is looking for acquisition opportunities in Australia, according to a report in the Australian Financial Review on Monday.

16 January 2012
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

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