Australia
Senex, AGL Sign Major Australian Gas Supply Deal
The deal comes amid warnings this year from Australia's energy market operator of long-term supply gaps for gas on the country's east coast, and after gas producers said they were reluctant to invest in new supply following government interventions.
China Prioritizing Turkmenistan Over Russia in Next Big Pipeline Project
China is accelerating the building of a long-delayed Central Asian pipeline to source gas from Turkmenistan even as Russia pushes its own new Siberian connection, as Beijing juggles its energy security needs with diplomatic priorities.
Comet Ridge, Jemena Ink Deal for Mahalo North Gas Pipeline
(P&GJ) — Under the deal, Jemena will immediately undertake a pre-FEED study of a Jemena-owned and operated high-pressure gas transmission pipeline of approximately 73 km (45 miles) from the Mahalo North Gas Project to Jemena’s Queensland Gas Pipeline (QGP).
Australia's Beach Energy Shares Tumble on Waitsia Gas Project Delay
Shares of Beach Energy Ltd. fell nearly 8% on Thursday after the Australian oil and gas explorer said it was no longer prudent to maintain capital expenditure and timing estimates for its $520.93 million Waitsia Stage 2 gas project.
Woodside Open to Talks with Chinese Firms for Scarborough Gas Project
Woodside Energy Group said on Tuesday it is open to talks with Chinese firms to invest in its $12 billion Scarborough LNG project in Australia.
Chevron, Exxon Seek State Backing for Australia Carbon Capture, Hydrogen Projects
Chevron Corp. and Exxon Mobil Corp., the two largest U.S. fossil fuel companies, are seeking Australia's backing for carbon capture and storage (CCS) and hydrogen projects as they look to increase investment in a bid to slash intensity of carbon emissions.
Australia Government to Change Petroleum Tax, LNG Projects to Pay More
Australia will change its Petroleum Resource Rent Tax (PRRT) to increase the tax paid by the offshore LNG industry, moves that should increase revenue by $1.6 billion over the next four fiscal years, Treasurer Jim Chalmers said on Saturday.
Timor Gap CEO Expects Great Sunrise Gas Project Decision by November
The head of East Timor's national oil company said he expects a decision by November on whether to pipe natural gas from its offshore Greater Sunrise project to the Southeast Asia island or to Australia for liquefaction and export.
Global News May 2023
Latest industry developments.
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.
- Energy Transfer Wins New York Court Ruling in $150 Million Pipeline Fraud Case
- Trump Puts Keystone XL Pipeline Back in Discussion, Though Revival Faces Developer Resistance
- $3 Billion Natural Gas Pipeline Expansion to Add 1.3 Bcf Capacity in Southeast Region
- ONEOK, MPLX to Build $1.4 Billion LPG Export Terminal, Pipeline in Texas
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Enbridge Should Rethink Old, Troubled Line 5 Pipeline, IEEFA Says
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- India’s GAIL Eyes U.S. LNG Deals Following Trump’s Policy Shift
- Saudi Arabia May Cut December Oil Prices for Asia, Sources Say
- NDT, Aramco to Launch 56-Inch Inspection Tool
