Australia

BP Agrees to Buy Shell's Stake in Australian Browse Gas Project

BP has agreed to buy rival giant Shell's 27% stake in the Browse joint venture, expanding its holding in Australia's largest untapped gas resource in a move that could improve the development prospects for the long-stalled project.

CEO: Woodside's Stalled Browse LNG Project Still 'Very Attractive'

The estimated $13.8 billion Browse project to develop Australia's largest untapped gas resource has been bogged down for years by demand uncertainty and negotiations over a processing agreement.

G7 Climate Ministers Drop Language on Growing LNG Demand in Draft

Climate ministers of the Group of Seven countries have backtracked for now on earlier language touting growing future demand for LNG, instead noting there may be "considerable uncertainty" for consumption.

Global News April 2023

US LNG exports hit record as Freeport production returns, Granholm says refilling US strategic petroleum reserve could take years, EU Nations seek legal option to stop Russian LNG imports, Oil firms halt or cut output in Iraqi Kurdistan, and more!

ConocoPhillips to Pay $500 Million to Raise Stake in Australia's APLNG

ConocoPhillips currently holds a 47.5% stake in APLNG, one of the largest suppliers of natural gas to Australia's East Coast. Origin and China's Sinopec hold the remaining shares in APLNG.

Australian LNG Exports May Be Diverted to Mitigate Winter Gas Shortage

Despite increased production commitments from the industry since last year, the supply in southern Australia is declining rapidly, raising risks of near-term shortages and long-term supply gaps, the Australian Energy Market Operator said.

Global News - March 2023

Latest industry news and developments

Coming of Age with Increase in Australian Pipeline Market

(P&GJ) — Just one year on from establishing a new entity in Australia, pipeline technology specialist STATS Group, is looking forward to a bright future after securing frame agreements with some of the region’s largest Tier 1 operators.

Australian Government Seeks More Leeway to Curb East Coast LNG Exports

Australia's government has proposed to expand its ability to curb LNG exports from three projects on the east coast in order to meet gas supply shortfalls, under a plan due to take effect in April.

Australia's Beach Energy Reaches Deal with Webuild on Waitsia Gas Project

Australia's Beach Energy Ltd. on Monday said it reached a deal with Italy's Webuild SpA to complete delivery of the $528.92 million Waitsia Stage 2 gas project, subject to approval from the project's contractor Clough Ltd., which was placed into administration in December.

Australia and Germany to Invest $90 Million for Joint Hydrogen Supply Chain Projects

Australia and Germany have earmarked $35.5 million and $54.4 million, respectively, towards a joint initiative to establish a green hydrogen supply chain, Australian Minister for Climate Change and Energy Chris Bowen said on Friday.

Santos Faces New Delay on Barossa Gas Pipeline Due to Heritage Assessment

Santos Ltd. faces a new delay developing the Barossa gas project off northern Australia after a regulator ordered it to evaluate environmental risks to underwater indigenous cultural heritage before starting pipeline construction.

Global Pipeline Construction Outlook 2023

(P&GJ) — Seldom has a new year arrived with the degree of supply and demand uncertainty facing global energy markets at the start of 2023. Pipeline & Gas Journal's annual survey of global construction activity reflects a renewed emphasis on energy security after Russia's invasion of Ukraine.

EIG Targets Australia's Origin to Build Global LNG Company

EIG, teaming with Brookfield Asset Management in a A$15.5 billion ($10.5 billion) bid to split Australia's Origin Energy, is looking to use the deal to help build a global LNG company, its boss said on Wednesday.

Judge Revokes Drilling Permit for Santos' $3.6 Billion Barossa Gas Project

Australia's Federal Court on Wednesday ruled in favor of an indigenous group's challenge against a drilling permit for Santos Ltd.'s Barossa gas development, in what Santos called a "disappointing" setback for the $3.6 billion project.

President Ramos-Horta Urges Australia to Back Gas Pipeline to East Timor

Timor President Ramos-Horta said it made no sense to him to send the gas to Darwin, which would require a 500-km (310-mile) pipeline, rather than to East Timor with a 200-km (124-mile) pipeline and added that operating costs in Timor would be much less than in Australia.

Australia's Santos to Spend Extra $311 Million for Barossa-Darwin Gas Pipeline

Australia's Santos Ltd. said on Monday it would spend an additional $311 million to build a new pipeline to transport gas from its offshore Barossa field to its Darwin LNG plant in the Northern Territory.

Inpex, Woodside, TotalEnergies Score Acreage for CCS Studies Offshore Australia

Australia has awarded Japan's Inpex Corp., France's TotalEnergies and Woodside Energy Group offshore acreage permits for assessing carbon emissions storage as the government pushes to speed up emissions reductions.

Britain Set to Receive Rare LNG Shipment from Australia

Britain is set to receive a rare shipment of LNG from Australia later this month, as countries across Europe strive to secure enough supplies ahead of winter.

Australia's Santos Buys Underground Gas Pipeline to Offset Supply Crunch

Australia's Santos Ltd. said on Thursday it had bought a company that owns an approved underground pipeline route and would work with infrastructure developers to build the planned 883-km (550-mile) pipeline, which was approved to run from the Wallumbilla gas supply hub in Queensland to New South Wales.

Shell Prelude LNG Loading Disrupted Until At Least Mid-July, Worsening Global Supply

Shell Plc said LNG shipments from its Prelude floating facility off northwest Australia would be disrupted for at least two weeks due to work bans by unions fighting for better pay.

PetroChina May Divest from Australian Natural Gas Projects to Curb Losses – Sources

PetroChina may sell out from natural gas projects in Australia and oil sands in Canada to stem losses and divert funds to more lucrative sites in the Middle East, Africa and central Asia, two people with knowledge of the matter said.

BP Buys 41% Stake in Australian Wind, Solar, Hydrogen Mega-Project

BP plc has agreed to buy a 40.5% stake and become operator of an Australian renewable energy project that could become one of the world's biggest producers of green hydrogen, the global oil major said.

Indigenous Australians File Lawsuit to Block $3.6 Billion Barossa Pipeline Project

The Barossa project, due to start producing gas in 2025, calls for the construction of a nearly 260 km (162 mile) pipeline to the west of the Tiwi Islands that will connect offshore gas facilities to an existing pipeline that runs to Darwin in the Northern Territory.

Closely Watched Exploration Well Off Western Australia Finds No Gas, Oil

Western Gas said on Monday its Sasanof-1 exploration well off Western Australia found no hydrocarbons, in a big disappointment for one of the most closely watched drilling campaigns in Australia this year.

S.Korean Court Dismisses Plea to Block Loans to Fund Deep-Sea Gas Pipeline in Australia

A South Korean court has dismissed an application from a group of Indigenous Australians that said they were not properly consulted on the Barossa project and the planned 260-km (162-mile) pipeline that will connect offshore gas facilities to an existing pipeline that runs to Darwin.

Origin Energy's Revenue from APLNG Project Jumps 78% on Strong Prices

Australia's Origin Energy posted a 78% jump in third-quarter revenue on Friday from its stake in the Australia Pacific LNG (APLNG) project due to higher spot LNG prices and realized oil prices.

Indigenous Australians Ask S.Korea Court to Block Loans to $3.6 Billion Gas Pipeline Project

A group of Indigenous Australians has gone to court in South Korea seeking to block the country's export credit agencies from funding a deep-sea gas pipeline for the $3.6 billion Barossa gas project off northern Australia.

Australia's First LNG Import Terminal Seen Ready by Late-2023

Squadron Energy, the private company building Australia's first LNG import terminal, expects its Port Kembla facility in New South Wales to be ready to take its first gas shipment by the end of 2023.

Global News December 2021

German Regulator Stalls Nord Stream 2, Ida Reduced Gas Production More Than Any Hurricane in Past Decade, Israeli Energy Minister Proposes Ending UAE Pipeline Deal and more are included in this month's global headlines.