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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
Policy & Regulation

Australia’s carbon tax looks likely following house approval

The Australian government’s carbon pricing legislation cleared the lower house of the federal parliament on Wednesday, making it virtually assured that large polluters will start paying for their greenhouse gas emissions from July 2012.

12 October 2011

Woodside downgraded following Pluto LNG troubles

Moody’s has downgraded the troubled Western Australian Woodside Petroleum to Baa1 with a negative outlook in response to the delays and cost overruns of its Pluto LNG project, the credit ratings agency announced on Tuesday.

11 October 2011
Exploration & Production

China, Australia, India and Indonesia hold 40% of global CBM

Nearly 40% of the world’s coal-bed methane (CBM) reserves sit under China, Australia, India and Indonesia, according to a new study on the region. However, efficient and cost-effective large-scale development will require firm and clear regulatory frameworks, it cautioned.

10 October 2011
Exploration & Production

CNPC unit and Australia's Dart Energy drill CBM wells in Xinjiang

PetroChina Xinjiang Oilfield, a unit of China National Petroleum Corp. (CNPC), has begun drilling exploratory coal-bed methane (CBM) wells in the Xinjiang Uyghur Autonomous Region in collaboration with Australia's Dart Energy, a representative from the Australian company told Interfax on Monday.

10 October 2011
Exploration & Production

Australia itching for FID on Ichthys LNG Project

Ichthys $23 billion Australian LNG project will help take Australia from being a regional hub to a "global leader" in LNG with export volumes second only to Qatar, said Martin Ferguson, Minister for Resources and Energy, on Thursday.

6 October 2011
Policy & Regulation

Australia’s ASX Group aims to improve disclosure rules for oil and gas companies

Australia’s ASX Group published a review paper entitled Reserves and Resources Disclosure Rules for Mining and Oil & Gas Companies on Wednesday which aims to improve the disclosure rules for oil and gas companies operating within the country.

5 October 2011
Companies & Finance

Arrow-Bow marriage is the latest Aussie CBM union

Small exploration and development companies in Australia have become attractive acquisition targets for foreign majors. Sara Stefanini looks at the impact these mergers will have on the Australian coal-bed methane industry.

4 October 2011

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