Australia

Liquefied Natural Gas (LNG)

BP Publishes LNG Contract Templates To Push Industry Standardization

lobal oil and gas major BP has published its master sales and purchase contract templates for its liquefied natural gas (LNG) trading business and says it is the first of its peers to do so.

August 15, 2019

Earnings

Woodside Petroleum’s Profit Falls On Pluto LNG Production Delay

Australia's largest oil and gas company, Woodside Petroleum, on Aug. 15 posted a smaller half-year profit and cut its interim dividend, mainly due to extended maintenance period at its Pluto LNG facility, which led to production delays.

August 14, 2019

Crude Oil

Oil Edges Up Despite IEA Report Showing Demand Growth At Decade Low

Oil prices inched higher on Aug. 9 supported by expectations of more OPEC production cuts despite the International Energy Agency (IEA) reporting demand growth at its lowest level since the financial crisis of 2008.

August 9, 2019

Liquefied Natural Gas (LNG) , Emissions , Technology

Chevron Starts Burying CO2 Off Australia At Huge Gorgon Storage Project

Chevron Corp. said on Aug. 8 it has launched one of the world's largest carbon capture and storage projects, injecting CO2 into a deep reservoir under an island off Western Australia at its Gorgon LNG project.

August 8, 2019

Liquefied Natural Gas (LNG)

Inpex Says Australia's Ichthys LNG Project Running At 80% Of Full Capacity

Japan's biggest oil and gas explorer Inpex Corp. said on Aug. 8  its Ichthys liquefied natural gas (LNG) project in Australia is running at around 80% of full capacity, with 24 cargos being shipped in April-June despite a 15-20-day maintenance in May.

August 8, 2019

Liquefied Natural Gas (LNG) , International

Papua New Guinea Signals Backing Of Total LNG Deal

Papua New Guinea signaled on Aug. 4 it was backing a previously agreed liquefied natural gas (LNG) deal with French oil major Total SA PA, although it said that some terms still needed negotiating.

August 4, 2019

Exploration & Production

Australia's Karoon Eyes Production Boost After Snapping Up Petrobras Field

Karoon Energy Ltd. aims to boost production by more than 60% at an oilfield it is purchasing from Petrobras, as the independent Australian firm dramatically expands its operations in Brazil, an executive said on July 25.

July 25, 2019

Renewables

Australia’s Northern Territory Gives Major Status To Solar Plan By Singapore's Sun Cable

Australia's Northern Territory has given major project status to an ambitious plan to transmit 3 gigawatts (GW) of solar power to Singapore by subsea cable, its chief minister said on July 20.

July 20, 2019

Subsea

Chevron Awards Subsea Compression FEED Order To MAN Energy Solutions

MAN Energy Solutions has been awarded a contract to support the FEED study of a subsea compression solution for the Chevron-operated Jansz-Io Field in Western Australia on July 17.

July 18, 2019

Earnings

Australia's Santos Posts Record Production; Woodside Petroleum’s Revenue Falls In Second Quarter

Santos Ltd. said on July 18 it had clocked record gas production in the second quarter on stronger output across its Western Australia gas assets.

July 17, 2019