A $12 billion liquefied natural gas (LNG) investment approved in Australia leads a wave of projects betting demand will rise as the world shuns more polluting alternatives like coal.
Woodside’s (ASX:WPL) $12 billion Scarborough and Pluto Train 2 project, which was sanctioned yesterday, is expected to supply liquefied natural gas (LNG) into Asia at a more competitive price compared to US LNG export developments.
Australia’s Woodside (ASX:WPL) and BHP Group (ASX:BHP) today signed a binding share sale agreement for the merger of BHP’s oil and gas portfolio with Woodside.
Woodside (ASX:WPL) has taken a final investment decision (FID) on the giant $12 billion Scarborough and Pluto liquefied natural gas (LNG) project in Australia.
The Conservation Council of Western Australia says the proposed Woodside-led Scarborough liquefied natural gas (LNG) project could contravene federal environmental protection laws, reported the Australian Financial Review.
Equity in the Shell-led Crux gas field offshore Australia, that will help backfill Shell’s (LSE:RDSA) Prelude floating liquefied natural gas (LNG) project, is up for sale, as the joint venture partners move closer to a final investment decision (FID).
Australia’s Woodside (ASX:WPL) said today that its chief financial officer has resigned just as the liquefied natural gas (LNG) developed is seeking to finalise a A$41 billion (US$30.1 billion) merger with BHP Petroleum.
Woodside (ASX:WPL) has struck a deal to sell a 49% interest in its proposed Pluto Train 2 liquefied natural gas (LNG) export project in Western Australia to fund manager Global Infrastructure Partners (GIP). Significantly, LNG from the project is claimed to be one of the lowest carbon intense sources of the fuel to be delivered into Asia, attracting GIP.
Woodside (ASX:WPL), bp (LON:BP) and Japan Australia LNG (MIMI), which is owned equally by Mitsubishi and Mitsui, have agreed to form a consortium to progress feasibility studies for a large-scale, multi-user carbon capture and storage (CCS) project near Karratha in Western Australia.
Woodside (ASX:WPL) today unveiled plans for a A$1 billion ($748 million) hydrogen export plant south of Perth that is designed to export low carbon energy overseas and boost renewable energy supplies in Western Australia.
Australian LNG developer Woodside (ASX:WPL) said today that it is on track for a targeted final investment decision (FID) on the Scarborough and Pluto Train 2 developments before the end of this year. The company is also benefitting from strong liquefied natural gas (LNG) prices.
Australian liquefied natural gas (LNG) developer Woodside (ASX:WPL) is collaborating with US-based Heliogen, a provider of AI-enabled concentrated solar energy, to build a 5 MW commercial-scale demonstration facility in California.
Investment research firm Bernstein has named Australian liquefied natural gas (LNG) developer Woodside (ASX:WPL) as its “best idea” for the fourth quarter 2021 as prices surge and the Asian market tightens. Significantly, Woodside is one of the most exposed LNG suppliers to the spot market.
News that Cheniere (NYSE:LNG) signed a long-term liquefied natural gas (LNG) supply contract with China’s ENN Natural Gas (CH:600803) earlier this week marked the first major US-China deal since 2018. Over the past three years, new LNG deals between the two great powers were put on ice as rising political tensions under the Trump administration thwarted trade.
Analysts expect Australian liquefied natural gas (LNG) supplier Woodside (ASX:WPL) to benefit as China faces a severe winter of energy shortages, with primary energy demand surging to a 10-year high.
While most gas suppliers look set to benefit from a global spike in gas prices, PetroChina (HK:857) is one of the few exceptions, as regulated prices and rising gas import losses are set to squeeze China’s largest gas producer.
BHP Group will transfer some $3.9 billion worth of oil and gas decommissioning liabilities to Woodside if the pair’s merger goes through successfully. The liability is much smaller than expected helping to ease investor concerns at Woodside.
Australian liquefied natural gas (LNG) developer Woodside has joined five parties to establish the HyStation company, which aims to build and operate hydrogen refuelling stations to service public transport bus fleets in South Korea.
Australia’s offshore environment and safety regulator NOPSEMA has ordered BHP to clean up three offshore fields following years of “limited action” and equipment sinking to the seabed, reported BoilingCold. This will add to the decommissioning burden Woodside will inherit if it absorbs BHP’s oil and gas assets as part of a deal announced last month.
Over the past year or so, liquefied natural gas (LNG) producers, as well as buyers in North Asia, particularly Japan, have been quick to announce their involvement with so called ‘carbon-neutral LNG’ cargoes. However, some LNG buyers at the Future Energy Asia conference questioned whether LNG can really be carbon neutral.
A strategic merger between BHP and Woodside has been on the deal dream list in oil and gas circles going back three decades. Yesterday the pair confirmed that they will enter into a merger of their respective oil and gas portfolios in an all-stock deal that creates an LNG powerhouse.
Woodside and BHP today confirmed a mega-merger deal that will establish one of the world’s top independent oil and gas companies. Woodside said it would issue new shares to BHP shareholders in exchange for the mining giant’s petroleum business.
Santos chief executive Kevin Gallagher said today that a binding merger deed with Oil Search should be signed next month. The merger would make the combined companies one of the largest in the region and in the top 20 globally.
Woodside today confirmed it is in discussions with BHP over a potential merger involving BHP’s entire petroleum business. This merger “would create a new international super independent built for scale and resilience, with a long-term focus on LNG but exposure in the medium term to high-margin, deepwater oil,” said Andrew Harwood, Asia Pacific research director at Wood Mackenzie.
Woodside is in advanced talks to buy BHP Group’s petroleum division for about A$20 billion ($14.7 billion), the Australian Financial Review (AFR) reported on Sunday, citing people familiar with the matter.