Woodside FPSO arrives as Capricorn eyes the clock
London-listed Capricorn noted that if first oil occurs before June 30, 2024, Woodside would owe it $25 million - or $50 million.
London-listed Capricorn noted that if first oil occurs before June 30, 2024, Woodside would owe it $25 million - or $50 million.
Should the purchase move ahead, Jadestone said, it would qualify as a reverse takeover. This would trigger a suspension of Jadestone shares on AIM.
Saipem’s initial assessment attributed the problem to a software anomaly. This appeared to have led to a tensioner failing.
The union went on to say Saipem's Castorone would have to return to Broome and probably be down manned.
“As the market has grown and evolved and become more sophisticated we’re no longer source specific and the customers are often no longer destination specific as well,” said O’Neill.
Forrest said hydrocarbon executives at COP28 talking up production “must think you have blood on your hands”. The Fortescue head was talking on Perth’s 6PR station.
Capricorn will “vigorously defend” its position, it said. This may include “exercising rights under the sales agreement”, it said.
"KBR is pleased to support Woodside in the modification of the Pluto Train 1 LNG facility to enable processing of Scarborough gas, and in turn provide opportunity to extend the life of the plant."
Woodside Energy is to explore options for potential carbon capture and storage (CCS) routes with a trio of Japanese industrial giants.
With inventories nearly full well before the start of the heating season and industrial demand subdued, the continent for now remains well supplied.
Travel restrictions have eased, she said, and the company sees a need for quality control work. “We do understand the reasons for the remedial work – and we’re taking actions for Scarborough.”
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.”
Woodside Energy Group and officials representing workers at some of its liquefied natural gas facilities are likely to hold more talks next week after failing to reach agreement on issues that could trigger strikes and disrupt global exports.
Woodside also awarded Wood front-end engineering and design (FEED) work for the Goodwyn Alpha Low-Low Pressure project, off Western Australia.
Workers threatening strikes at Chevron Corp. and Woodside Energy Group liquefied natural gas operations in Australia have urged the firms to quickly resolve disputes and avoid any costly disruption to exports.
Woodside Energy (ASX:WDS) has signed a deal with LNG Japan which will see the East Asian firm take a 10% equity stake and offtake contracts from the Scarborough gas project.
In the first quarter, Woodside reported an average portfolio sales price of $85 per boe. In the second quarter, this fell to $63.
Woodside did not identify the cause of the FPSO problems. It struck a deal for a 100,000 barrel per day vessel from Modec in January 2020.
Pemex discovered Trion in 2012. The Mexican company brought BHP Billiton in to the plan in 2016 in order to help develop the field. Now, the companies have drilled six wells on the field. Woodside bought BHP in 2022.
Australia-listed minnow FAR has given up its plans to grow and instead opted to wind down its business and return cash to shareholders.
The worker who died in an incident at Australia’s largest oil and gas project, the North Rankin Complex (NRC), has been confirmed to be Vertech Group rope access technician, Michael Jurman.
An offshore worker has died at the North Rankin Complex (NRC) off Western Australia, operator Woodside confirmed on Friday.
Woodside’s O’Neill said Australia had an opportunity to become a “regional CO2 storage leader”, offering to help countries such as Japan and South Korea.
“I encourage you to do it. You should be encouraged to do it in a lawful manner. It should be something held to be very precious to all of us. In this case you simply went too far,” the magistrate said.
O’Neill cited the US’ Inflation Reduction Act (IRA) as a “game changer”. She went on to say that if Australia intends to compete “in the global race to transition to new energy, we need to incentivise investors to take the required risk”.