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.
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.
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.
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.
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.
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.
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.
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.
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.
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.