Australia
PetroChina May Divest from Australian Natural Gas Projects to Curb Losses – Sources
PetroChina may sell out from natural gas projects in Australia and oil sands in Canada to stem losses and divert funds to more lucrative sites in the Middle East, Africa and central Asia, two people with knowledge of the matter said.
BP Buys 41% Stake in Australian Wind, Solar, Hydrogen Mega-Project
BP plc has agreed to buy a 40.5% stake and become operator of an Australian renewable energy project that could become one of the world's biggest producers of green hydrogen, the global oil major said.
Indigenous Australians File Lawsuit to Block $3.6 Billion Barossa Pipeline Project
The Barossa project, due to start producing gas in 2025, calls for the construction of a nearly 260 km (162 mile) pipeline to the west of the Tiwi Islands that will connect offshore gas facilities to an existing pipeline that runs to Darwin in the Northern Territory.
Closely Watched Exploration Well Off Western Australia Finds No Gas, Oil
Western Gas said on Monday its Sasanof-1 exploration well off Western Australia found no hydrocarbons, in a big disappointment for one of the most closely watched drilling campaigns in Australia this year.
S.Korean Court Dismisses Plea to Block Loans to Fund Deep-Sea Gas Pipeline in Australia
A South Korean court has dismissed an application from a group of Indigenous Australians that said they were not properly consulted on the Barossa project and the planned 260-km (162-mile) pipeline that will connect offshore gas facilities to an existing pipeline that runs to Darwin.
Origin Energy's Revenue from APLNG Project Jumps 78% on Strong Prices
Australia's Origin Energy posted a 78% jump in third-quarter revenue on Friday from its stake in the Australia Pacific LNG (APLNG) project due to higher spot LNG prices and realized oil prices.
Indigenous Australians Ask S.Korea Court to Block Loans to $3.6 Billion Gas Pipeline Project
A group of Indigenous Australians has gone to court in South Korea seeking to block the country's export credit agencies from funding a deep-sea gas pipeline for the $3.6 billion Barossa gas project off northern Australia.
Australia's First LNG Import Terminal Seen Ready by Late-2023
Squadron Energy, the private company building Australia's first LNG import terminal, expects its Port Kembla facility in New South Wales to be ready to take its first gas shipment by the end of 2023.
Global News December 2021
German Regulator Stalls Nord Stream 2, Ida Reduced Gas Production More Than Any Hurricane in Past Decade, Israeli Energy Minister Proposes Ending UAE Pipeline Deal and more are included in this month's global headlines.
Australia Unveils Plan to Spur Pipeline Investment
Australia outlined a plan to spur investment in new gas pipelines to beef up gas supply, despite the government's pledge to achieve net zero carbon emissions by 2050
Australia's Macquarie Buys German Gas Pipeline Firm Thyssengas
Australian investment bank Macquarie Asset Management has agreed to buy Germany's second-largest gas pipeline operator, Thyssengas, to use the company's grid network to transport climate-friendly gases.
Global News October 2021
EIA Expects U.S. Natural Gas Consumption to Decline Through 2022, Brazil Seeks Natural Gas Pipeline from Argentina’s Vaca Muerta and more.
Papua New Guinea Hands Pandora Gas Field to State-Owned Kumul
The Papua New Guinea government has awarded Kumul Petroleum rights to develop the Pandora gas field, estimated to hold 1 trillion cubic feet of gas, rejecting other bids to keep control of PNG's resources within the country.
Australia's Commonwealth Bank Taken to Court Over Oil and Gas Financing Policies
The case seeks documentation on projects including Santos' acquisition of the Barossa Gas Field, the Permian Highway natural gas pipeline in the United States, and Euronav NV "very large crude carriers,” the documents say.
Australia Bucks Climate Trend with Plan to Subsidize Natural Gas, Coal
Australia's federal government is proposing what amounts to a subsidy to natural gas- and coal-fired power generation, in a bid to solve a problem the country's energy market operator says doesn't exist.
Australia Faces ‘Precarious’ Gas Supply in 2022, Watchdog Warns
Australia's southern states could face a gas shortfall in 2022 unless LNG exporters offer more gas into the domestic market, the Australian Competition and Consumer Commission said.
Australia Rejects $36 Billion Wind, Solar, Hydrogen Project
The Australian government has rejected plans for a $36 billion wind, solar and hydrogen project in a remote area of Western Australia, leaving what would have been one of the world's largest green energy projects in limbo for now.
Australia Commits $45 Million to Boost Gas Supply
The Australian government said it will commit A$58.6 million ($45.3 million) to boost gas supply, storage and pipeline capacity in its 2021-22 budget, due to be unveiled on Tuesday.
Australia’s Western Gas, APA Group Studying Potential Gas Pipeline
Western Gas and APA Group are undertaking a development and marketing study to deliver Equus gas to Australian customers and markets via a 130-mile (210-km) offshore pipeline and a transcontinental pipeline, the companies announced.
Australia's Origin Locks in Domestic Gas Supply Tied to Asian LNG Price
Origin has also lined up extra pipeline capacity under a three-year deal with APA Group starting in 2023, which will allow the company to transport large amounts of gas to southern markets where it is needed.
Australia Backs Three 'Green' Hydrogen Projects with More Than A$100 Million
Australia said it had awarded A$103 million ($80 million) to back three 'green' hydrogen projects, hiking its planned funding by almost 50% as the government seeks to speed up commercial production of the gas using renewable resources.
RWE Plans to Bring Australian 'Green' Hydrogen to Europe
Germany's RWE plans to bring hydrogen produced in Australia to Europe, as big energy firms look to create new global routes for the cleaner alternative to fossil fuels.
New Pipeline Gas Supply Heading to West Australia
Western Gas, the owner and operator of the Equus Gas Project, signed a memorandum of understanding with APA Group assess supplying the gas at competitive prices to western Australia domestic gas customers and East Coast markets through a new pipeline, a news release states. Both companies are based in Australia.
Australian State Rejects AGL Energy's Plan to Import LNG
Victoria state rejected a plan by AGL Energy to build an LNG import terminal, effectively killing a proposal designed to help fill an expected shortfall in gas supply in southeast Australia from 2024.
Perspective: Australia's Natural Gas Industry Should Worry About Demand, Not Supply
Australia, the world's largest exporter of liquefied natural gas, is facing a dilemma when it comes to domestic demand for the fuel, as the government's plans for a gas-fired economic recovery run into some confronting realities.
EnerMech Secures Five-Year Deal with Chevron Australia
Chevron Australia awarded global integrated solutions specialist EnerMech a five-year contract to provide a range of integrated services to its Western Australian oil and gas facilities.
Australia’s Western Gas, APA Group Studying Potential Gas Pipeline
Western Gas and APA Group are undertaking a development and marketing study to deliver Equus gas to Australian customers and markets via a potential 130-mile (210 km) offshore pipeline and a transcontinental pipeline, the companies announced.
Australian Gas Networks Looking to Include Hydrogen in Infrastructure
Australia's natural gas pipeline owners are working to future proof their A$75 billion ($59 billion) in assets amid a global push towards clean energy, running tests to blend hydrogen with gas and produce green methane to replace the fossil fuel.
Watchdog says Australia Needs LNG Import Terminal to Avoid Gas Shortfall
Australia's southern states will need to import natural gas to fill a looming shortfall by 2024, as last year's COVID-19 induced oil and gas price slump has slowed investment in new fields, the country's competition watchdog said on Tuesday.
Russell: Australian Refinery Closure Adds to Litany of Energy, Climate Failures
The closure of one of Australia's last remaining oil refineries, carbon border taxes in Europe and a proposal for the world's biggest battery storage plant all show a failure to produce a coherent climate change policy.
- 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
