Australia

Earnings

Santos First-Half Profit Soars On Higher Output, Quadrant Buy

Australia's No. 2 independent gas producer Santos Ltd on Thursday posted a 89% jump in half-year profit, boosted by its acquisition of Quadrant Energy and strong output from its Cooper Basin fields in South Australia.

August 21, 2019

Acquisitions & Divestitures

Shell Enters Australia Power Industry With $419 Million Bid For ERM Power

The deal would instantly give Shell a power supplier with almost a quarter share of the commercial and industrial retail market in Australia, second only to Origin Energy in that space. It will also get two gas-fired power stations.

August 21, 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

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

Trends

A&D Transactions From The Week Of Aug. 7, 2019

Here’s a snapshot of energy deals from the past week including Occidental’s $1.5 billion Permian Basin JV and a $700 million dropdown deal from Diamondback Energy.

August 7, 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

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

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

Liquefied Natural Gas (LNG) , Tankers

Shell Ships First LNG Cargo From Australia's Prelude

Royal Dutch Shell on June 10 shipped the long-awaited first cargo of LNG from its Prelude floating LNG plant off northwest Australia, sealing Australia's position as the world's top LNG exporter.

June 10, 2019