European gas prices slump as risk of Australian strike recedes
With inventories nearly full well before the start of the heating season and industrial demand subdued, the continent for now remains well supplied.
Australasia
Oil and Gas Australasia
Inpex, Total secure more gas for Ichthys exports
"This acquisition is also supported by the efforts undertaken with Inpex in the Bonaparte CCS Assessment joint venture to appraise the area’s potential for geological storage of CO2, in order to abate CO2 emissions from the Ichthys LNG project.”
Australian union flags safety concerns at Woodside platform
The OA said Woodside should be held to account for “running their facilities and their workforce into the ground. Clean your act up Woodside as the health and safety of our members and your 'Licence to Operate' depends on it.”
Wood wins Woodside extension, FEED work
Woodside also awarded Wood front-end engineering and design (FEED) work for the Goodwyn Alpha Low-Low Pressure project, off Western Australia.
Contractor woes at Waitsia drive Beach changes
Beach Energy has appointed a new CEO, Brett Woods, as it faces the fallout from challenges at its Waitsia project.
Australia’s Santos reports $2.5bn profit surge from higher oil and gas prices
Santos (ASX:STO) today announced its full-year results for 2022, reporting record free cash flow of US$3.6 billion and underlying profit jumping 160% to US$2.5 billion. The results reflect significantly higher oil and LNG prices compared to 2021, due to stronger global energy demand, combined with a higher interest in PNG LNG following its merger with Oil Search.
All Australasia Posts
China’s ENN pulls plug on Santos shareholding
Santos (ASX:STO) today confirmed that China’s ENN has ceased to be a substantial shareholder in the Australian-listed oil and gas producer.
Chevron confirms Australia CCS acreage win
US giant Chevron (NYSE:CVX) has confirmed that it has been granted stakes in three permits to potentially access carbon storage offshore Australia.
Australia’s first climate law since 2011 seals green comeback
Australia passed its first major climate legislation in more than a decade to set legally-binding targets to deepen emissions curbs, sealing the key polluter’s return as a force in global action on planetary warming.
Australia moves to allay Japan’s fear it will cut gas supply
Australia says it’s doing what it can to ensure supplies of liquefied natural gas (LNG) to Asian customers will remain reliable, in response to concerns producers could be forced to redirect to relieve domestic shortfalls.
Woodside signs up for Commonwealth’s US LNG
Australia’s Woodside Energy (ASX:WDS) will take up to 2.5 million tonnes per year of liquefied natural gas (LNG) exports from Commonwealth’s LNG export facility under development in Cameron Parish, Louisiana, after confirming a 20-year deal.
Santos and Chevron win Australia CCS permits and commit $136m
Australia’s Santos (ASX:STO) and US giant Chevron (NYSE:CVX) have committed to spending around A$200 million (US$136 million) to assess the geological potential for carbon capture and storage (CCS) projects offshore Australia after winning two greenhouse gas (GHG) acreage permits.
Woodside-led venture, including BP, Shell, and Chevron, win Australia CCS permit
A Woodside-led (ASX:WDS) joint venture that includes BP (LON:BP), Shell (LON:SHEL), Chevron (NYSE:CVX), as well as Japan’s Mitsubishi and Mitsui, have been awarded greenhouse gas (GHG) permit G-10-AP in the northern Carnarvon basin offshore Western Australia, as they pursue a potential CCS project.
Barossa FPSO for Darwin LNG backfill is 40% finished says BW Offshore
The floating storage production and offloading (FPSO) unit for the Santos-led (ASX:STO) Barossa gas and condensate project – that will backfill the Darwin LNG export plant - offshore northern Australia is 40% finished as of July.
Woodside has choice of capex options worth US$14bn
Australia’s Woodside Energy Group (ASX:WDS) has a range of capital expenditure options that cover a US$9 billion projected spend on oil and gas projects out to 2024 and another US$5 billion pencilled in for new energy projects by 2030.
Woodside in talks to sell share in Scarborough gas field
Woodside Energy Group (ASX:WDS) is in talks with 'high quality' companies seeking to buy a share in its $5.7 billion Scarborough gas project that will supply an expansion of the Pluto LNG export complex in Australia. But the company will not sell unless it gets the right price, Chief Executive Meg O'Neill said on Tuesday.
Woodside profit surges fivefold on gas prices, BHP merger
Woodside Energy Group, Australia’s biggest oil and gas producer, said first-half profit soared more than fivefold on the back of higher prices and the takeover of BHP Group’s energy assets.
Australia’s Santos rejigs $1.25bn of debt
Santos Santos (ASX:STO) today announced it has amended and extended its two syndicated bank loan facilities totalling US$1.25 billion.
Santos takes $600m FID for offshore CCS pipeline
Santos (ASX:STO) today announced investment approval for its US$622 million Darwin Pipeline Duplication Project, located offshore Australia’s Northern Territory, as part of its Barossa gas development that will backfill Darwin LNG.
The Australian energy crisis highlights need for new gas supply
Australian east coast energy prices skyrocketed earlier this year as a winter cold snap sent gas, coal, and electricity to record-highs, triggering price caps at A$40/Gigajoule (US$27/Million British Thermal Units), around 400% above the normal A$8-10/GJ price range.
Woodside starts construction of Pluto LNG Train 2
The Deputy Premier of Western Australia (WA), the Hon. Roger Cook MLA, officially launched construction of Woodside Energy’s Pluto LNG Train 2 project today at a ceremony in Karratha, WA.
Well Services Group acquires Eftech in Australian expansion
Well Services Group (WSG) has expanded into the Australian market with the acquisition of pre-commissioning, maintenance and shutdown business, Eftech International.
Santos delays Dorado FID as inflation risk bites
Santos (ASX:STO) has put on hold plans for a final investment decision (FID) at its Dorado oil project offshore Western Australia as spiralling costs related to the construction of a floating production storage and offloading (FPSO) unit pose too much risk.
UK to import rare Australian gas cargo in latest sign of desperation
The UK is about to receive liquefied natural gas from far-off Australia for the first time in at least six years, highlighting the European region’s desperation in grappling with its worst energy crisis in decades.
McDermott wins Pre-FEED deal for Woodside’s proposed H2Perth project
McDermott International has been awarded a pre-front-end engineering design (Pre-FEED) contract from Woodside Energy (ASX:WDS) for the proposed H2Perth project in Western Australia.
Woodside hires Strohm for Scarborough emergency response system
Strohm has been contracted to manufacture and deliver two thermoplastic composite pipe (TCP) flowlines to Australian liquefied natural gas (LNG) developer Woodside Energy. The technology will form an integral part of the relief well emergency response plans for the well construction phase of the Scarborough field development.
Top LNG exporter Australia is told to keep more fuel at home
Australia should tighten measures to curb natural gas exports from one of the world’s biggest suppliers to avoid a domestic fuel crunch, according to the nation’s competition watchdog.
Jadestone eyes operatorship at Woodside-led NWS Australia oil assets
Analysts reckon Jadestone Energy (LON:JSE) has its sights set on acquiring a bigger share of the producing North West Shelf oil fields offshore Western Australia that are currently operated by Woodside Energy (ASX:WDS). Ultimately, Singapore-based Jadestone will be seeking operatorship to maximise profitability, the analysts told Energy Voice.
Jadestone acquires stake in NWS Australia oil project from BP
Jadestone Energy has announced the acquisition of a 16.67% interest in the producing North West Shelf oil fields offshore Western Australia from BP. The deal is in line with the London-listed company’s strategy of acquiring low-cost barrels at less than US$3/barrel, while establishing an entry position into what it describes as a "very high-quality long-life asset with very low decline rates."
Woodside confuses market with production outlook numbers
Australia’s Woodside Energy Group (ASX:WDS) today issued a clarification on full year 2022 production guidance after confusion reigned yesterday after it appeared that production guidance had been reduced by 4 million barrels of oil equivalent (boe) in yesterday’s trading update.
Inpex to boost Ichthys LNG output and lead CCS hub
Japan’s Inpex has signed a statement of commitment to a net zero emissions future with the government of Australia’s Northern Territory, where the Ichthys liquefied natural gas (LNG) project’s onshore gas liquefaction plant is located.