Time to taste Invictus’ Zimbabwean fruit
Invictus Energy expects to start drilling its major Zimbabwean prospect by July, bringing the long-awaited dream of founder and managing director Scott Macmillan to the test.
Australia
Woodside’s decommissioning bill to hit $6.7bn after BHP merger
The merger between Woodside and BHP’s entire petroleum business will see the combined decommissioning costs for the new super independent hit $6.7 billion over the next 30 years, according to Woodside’s prospectus filed to the London Stock Exchange this week.
EnerMech wins five-year deal for Inpex Ichthys LNG
Global integrated solutions specialist EnerMech has been awarded a five-year onshore and offshore inspection services, lifting equipment and crane maintenance contract by Japan’s Inpex at its Ichthys liquefied natural gas (LNG) export project in northern Australia.
Shell restarts Prelude floating LNG offshore Australia
Shell (LON:SHEL) said today that exports of liquefied natural gas (LNG) cargoes have resumed from its Prelude floating LNG (FLNG) facility offshore Australia. This will help ease the pressure on the tight regional market for LNG.
KBR wins deal for carbon neutral ammonia project in Australia
KBR said it has won an ammonia technology contract from South Korea’s Daelim Industrial, or DL E&C, for NeuRizer's carbon-neutral fertiliser project in Australia.
Indonesia to sue Thailand’s PTTEP over oil spill
The Indonesian government is preparing to launch domestic legal action against Thailand’s PTT Exploration & Production (PTTEP) (BKK:PTTEP) relating to economic and environmental damages suffered by local people around Kupang following the 2009 Montara oil spill.
Woodside’s Scarborough LNG bags key approvals
Woodside’s Scarborough gas field development offshore Australia that will feed an expanded Pluto LNG export complex has received key primary approvals from the Commonwealth-Western Australian Joint Authority to support execution of the project.
World’s scramble for energy drives Australian exports to record
Australia stands to gain from a surge in energy prices on prospects that the war in Europe will exacerbate global oil and gas shortages as nations shun supplies from Russia, according to the government forecaster.
Woodside to deliver more LNG cargoes after Pluto gas processing starts
The processing of gas from the offshore Pluto fields has started ahead of schedule at the North West Shelf Project’s (NWS) Karratha gas plant (KGP), Woodside reported today. This accelerated production of Pluto gas has been enabled by the start-up of the Pluto-KGP Interconnector.
Santos unveils new climate strategy
Santos (ASX:STO) today released its 2022 Climate Change Report which sets out the Australian company’s latest climate transition strategy and action plan to become a net-zero emissions energy and fuels business by 2040.
Woodside and Heliogen advance novel solar projects in US and Australia
Australia’s Woodside and US-based Heliogen have signed an agreement to deploy a 5 MW electric (MWe) module of Heliogen’s AI-enabled concentrated solar energy technology in California and jointly market Heliogen’s innovative technology in Australia.
Carnarvon raises $52.7m as FID eyed for Dorado offshore Australia
Australian-listed Carnarvon Energy (ASX:CVN) said today that it has raised A$70 million (US$52.7 million) via an institutional placement to help bring the large Dorado liquids development offshore Australia to a final investment decision (FID) this year.
Xodus wins Australian decommissioning study
Energy consultancy Xodus has been awarded the Rigid Pipeline Non-Metallic Component Characterisation study by NERA as part of National Energy Resources Australia's (NERA’s) National Decommissioning Research Initiative (NDRI).
Indigenous Australians take South Korea financiers to court over Barossa LNG project
Traditional landowners in Australia’s Northern Territory have launched legal action against South Korea’s export credit agencies in an attempt to block funding for the Santos-led $3.6 billion Barossa gas project, which will backfill the Darwin liquefied natural gas (LNG) export plant.
Santos hits ‘significant oil discovery’ with Pavo-1 near Dorado
The Pavo-1 exploration well near the Dorado field offshore Western Australia in the Bedout sub-basin has made a “significant oil discovery” that has an estimated breakeven cost at less than $10 per barrel, operator Santos (ASX:STO) said today.
Positive news for Asia LNG as Shell gets green light to restart Prelude FLNG
Australia’s offshore regulator has given approval for Shell (LON:SHEL) to restart its Prelude floating liquefied natural gas (FLNG) facility after the unit was forced to shut down last December due to a fire onboard following a power outage. Significantly, this will help ease the pressure on the tight regional market for liquefied natural gas (LNG).
Woodside teams up with US tech for Australia carbon capture and utilisation
Australia’s Woodside (ASX:WPL) and US-based technology developers ReCarbon and LanzaTech have launched a collaborative studies campaign aimed at converting carbon emissions into useful products.
ExxonMobil to boost Australian gas with $295m investment and more to come
ExxonMobil (NYSE:XOM) has taken a final investment decision (FID) to spend A$400 million ($295 million) on developing additional gas from the Gippsland basin Kipper field offshore Australia. Significantly, the country’s main industry lobby group said there is a massive opportunity for Australia to have more big investment decisions like this – but crucially the policy settings have got to be right.
Chuditch gas stirs excitement offshore East Timor
Sunda Gas is busy completing various studies that could lead to the commercial development of the shallow-water Chuditch gas discovery offshore East Timor with a potential floating liquefied natural gas (LNG) development under consideration.
Strong interest in Australia’s CCS acreage release
Australia’s main oil and gas industry lobby group claims there has been strong interest in acreage releases for new carbon capture and storage (CCS) opportunities off Western Australia and the Northern Territory. Significantly, Australian producers need to be at the forefront of carbon-neutral liquefied natural gas (LNG) or “green LNG” to remain competitive and CCS is considered one potential route to help achieve this.
Santos enters FEED for world’s largest CCS project at Bayu Undan offshore East Timor
Australia’s Santos has started front-end engineering and design (FEED) work for its proposed giant carbon capture and storage (CCS) project offshore East Timor at the Bayu Undan field. Significantly, Santos aims to take a final investment decision (FID) in 2023 on the CCS project, which it claims has the potential to be the largest in the world.
Shell makes maiden investment in Australian wind power
Shell is set to acquire 49% of Australian wind farm developer, WestWind Energy Development, which has a 3 GW project pipeline across the states of Victoria, New South Wales (NSW) and Queensland, that requires some $4.3 billion in investment.
Australian offshore wind gets a boost with 9GW target in Victoria
The Australian state of Victoria has committed to bringing online up to 9GW of offshore wind capacity by 2040 through a series of rolling goals with first power targeted as early as 2028. Crucially, this will help Australia, a giant liquefied natural gas (LNG) exporter, reposition itself as a major green hydrogen exporter in the future.
Santos and SK E&S to develop CCS projects in Australia
Santos, SK E&S, K-CCUS Association, CO2CRC and Korea Trade Insurance Corporation have signed a memorandum of understanding (MOU) to support and collaborate in the development of carbon dioxide (CO2) storage facilities.
As Europe reconsiders energy security, LNG is set for the limelight
It is unlikely that Europe will agree to cutting gas flows from Russia, but the invasion of Ukraine has had a clear impact on security of supply considerations.