Australia
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.
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.
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.
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.
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.
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.
Energy Transition
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.
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.
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.
Liquefied Natural Gas (LNG) , Trade , International
Could US LNG Imports Be An Option For Australia's Gas Crisis?
Australia’s east coast gas crisis may force it to do something drastic unless it can discover and develop more domestic gas.