Australia

Global News June 2024

Latest industry developments from around the world!

Chevron Australia Initiates Repair Work on Wheatstone Platform

Chevron has commenced repair activities on its Wheatstone platform in Australia and the work is expected to be completed in the coming weeks, a spokesperson said on Thursday.

Chevron Australia Resumes Full LNG Production at Gorgon Facility

Chevron has resumed full LNG production at its Gorgon Gas facility in Australia, after a mechanical fault caused one production train to go offline in late April.

Woodside Secures $1 Billion in Funding for Scarborough LNG Project

Woodside will receive $1 billion in funding for its flagship Scarborough liquefied natural gas project from state-owned Japan Bank for International Cooperation, the Australian energy giant said on Thursday.

Wesfarmers to Sell LPG and LNG Distribution Businesses in Australia

Wesfarmers will sell its liquefied petroleum gas and liquefied natural gas distribution businesses to Supagas and Clean Energy Fuels Australia respectively for an undisclosed sum, the conglomerate said on Thursday.

Australia’s Natural Gas Industry Seeks to Restore Investments Following ‘Damaging’ Policies

While most executives at the Australian Energy Producers Conference in Perth were broadly in favour of the Australia Future Gas strategy unveiled by the government this month, they called for immediate action and improvements to the policy to avoid new gas supply shortfalls.

PetroChina Purchases First Spot LNG Cargo from Papua New Guinea National Oil Firm

PetroChina International has lifted a spot cargo of LNG from the PNG LNG project sold by Papua New Guinea's national oil company, the Chinese state oil and gas trader said on Friday.

Angel CCS JV and Yara Partner for Carbon Capture and Storage Study

The Woodside Energy-operated Angel CCS Joint Venture is proposing to develop a large-scale, multi-user CCS hub with the potential to help Australian and international industry decarbonize.

TotalEnergies Delays Final Investment Decision for Papua LNG Project to 2025

French oil and gas giant TotalEnergies on Monday said a planned new LNG project in Papua New Guinea would require 'more work' before a final investment decision could be reached.

MidOcean Energy Completes Acquisition of Tokyo Gas’ Australian LNG Interests

MidOcean Energy, managed by EIG, a prominent investor in the energy and infrastructure sectors, has finalized its acquisition of Tokyo Gas’ interests in a suite of Australian integrated LNG projects.

Woodside Completes Sale of 10% Scarborough Interest to LNG Japan

Woodside has finalized the sale of a 10% non-operating participating interest in the Scarborough Joint Venture to LJ Scarborough Pty Ltd., also known as LNG Japan.

Chevron, JX Ink Deal to Collaborate on Carbon Capture and Storage Development

The agreement outlines plans to explore the feasibility of exporting carbon dioxide (CO₂) from Japan to CCS projects in Australia and other Asia Pacific countries.

Japan Bolsters LNG Supplies, Relying More on Allies Australia and U.S.

Resource-scarce Japan is shoring up long-term supplies of liquefied natural gas from close allies Australia and the United States as key contracts from providers including Russia are set to expire by the early 2030s.

Santos Faces Fresh Legal Setback Over $2.4 Billion Narrabri Gas Project

The decision returns the project to the uncertainty of a legal dispute months after Santos won a court battle allowing it to resume pipeline construction at its Barossa gas project.

Sypris Awarded Contract for Gorgon Project's Carbon Capture and Storage Systems

Sypris Technologies, Inc., a subsidiary of Sypris Solutions Inc., has recently received an award to supply specialty high-pressure closures for use in the Gorgon Project to support the optimization of the existing carbon capture and storage facilities.

Projects March 2024

FERC approves MVP’s Southgate gas pipeline extension; Regulator clears Trans Mountain, completion back on; Santos’ subsea pipeline clears construction hurdle; and more!

Global News March 2024

Latest industry developments from around the world!

Woodside Energy Inks Long-Term LNG Supply Deal with South Korea

Woodside Energy has inked an agreement with South Korean state-owned natural gas firm Korea Gas Corp. to supply LNG for more than a decade, the Australian oil and gas company said on Wednesday.

Australia's Woodside to Sell Stake in Scarborough to Japan's JERA for $1.4 Billion

Woodside Energy is selling a 15.1% stake in its Scarborough project to Japan's JERA for about $1.4 billion, marking the Australian gas producer's second stake sale to a Japanese LNG buyer in six months.

Woodside, Santos End $52 Billion Merger Talks Over Valuation Dispute

Australia's Woodside Energy and Santos said on Wednesday they had ended talks to create a possible $52 billion global oil and gas giant, and Santos flagged it would look for other ways to bolster its value.

Woodside Urged to Abandon $57 Billion Santos Merger by Major Shareholder

Woodside should walk away from its proposed $57 billion merger with Santos rather than pay a premium for its smaller rival, a large shareholder said on Thursday, a sign of the deep divide between both sides over fair value.

Global News February 2024

Latest industry developments from around the world!

Global Pipeline Construction Outlook 2024: New LNG Terminals Sound Beckon Call for More Pipelines

(P&GJ) — It comes as little surprise to those in midstream that during the past year we have continued to see LNG initiatives garner more attention than pipeline projects. However, terminal construction drives new pipeline construction.

Santos Receives Approval to Construct Subsea Pipeline for $4.3 Billion Barossa Gas Project

Australia's Santos can proceed with construction of an undersea pipeline vital to its $4.3 billion Barossa gas project after a court on Monday ruled in favor of the oil and gas firm in a dispute with an Indigenous man looking to pause the work.

Tokyo Gas Anticipates Completion of Australian LNG Asset Sale in Late February

Japan's biggest city gas provider, Tokyo Gas, said on Thursday it expects to close the planned sale of its stakes in a portfolio of four Australian liquefied natural gas (LNG) projects at the end of February.

Global News January 2024

Latest industry developments from around the world!

Shell Resumes LNG Loadings from Prelude Facility in Australia

Shell said on Thursday it has resumed loading LNG cargoes from its Prelude facility offshore Australia following major maintenance.

Woodside Energy to Supply LNG to Pilbara Minerals Unit

Woodside Energy said on Thursday it has signed a sales and purchase agreement with a unit of Pilbara Minerals for the supply of domestic liquefied natural gas (LNG) from its Pluto Truck Loading Facility in Western Australia.

Santos Advances Barossa Gas Project with Drilling Nod, Pipeline Fate Entangled in Legal Dispute

Australian oil and gas major Santos said on Monday it had received approval for a revised drilling plan at its $4.3 billion Barossa gas project, although the fate of a pipeline to take gas to shore remains locked in a legal dispute.

Mexico Pacific Inks 20-Year LNG Supply Deal with Woodside Energy

Woodside Energy said on Wednesday it has signed a deal with energy company Mexico Pacific to purchase 1.3 million tonnes of LNG per annum for two decades to beef up production and optimize operations.