Australia

Australian LNG Exports Under Scrutiny Amid Global Supply Crisis

Australian LNG Exports Under Scrutiny Amid Global Supply Crisis

Cold weather, coal-fired power outages and a lack of natural gas infrastructure to connect to regional markets has left Australia questioning the value of liquefied natural gas (LNG) exports. “Much like recent energy crises elsewhere in the world, the situation in Australia is an unfortunate confluence of massive coal capacity outages, combined with a colder-than-normal…

June 16, 2022
Shell Green Lights Crux Project Offshore Australia to Feed Prelude FLNG

Shell Green Lights Crux Project Offshore Australia to Feed Prelude FLNG

Shell Australia Pty Ltd. and joint venture partner SGH Energy are moving forward with developing the Crux natural gas field offshore Western Australia, a project to supply the existing Prelude floating liquefied natural gas (FLNG) facility. Crux is expected to have capacity to supply the Prelude FLNG facility with up to 550 MMcf/d. Construction is…

May 31, 2022
Australia Looking to Add Global LNG, Hydrogen Hub in Northern Territory

Australia Looking to Add Global LNG, Hydrogen Hub in Northern Territory

The Australian government plans to invest in the Northern Territory in the coming years to transform the region into a liquefied natural gas (LNG), hydrogen and manufacturing hub as global energy supplies tighten. The government intends to invest $2.6 billion in infrastructure projects across the territory, including a $1.5 billion investment in the Middle Arm…

May 11, 2022
Woodside Weathers Production Issues, ‘Volatility’ with Heightened Oil, Gas Prices

Woodside Weathers Production Issues, ‘Volatility’ with Heightened Oil, Gas Prices

Woodside Petroleum Ltd. management said a combination of maintenance, weather and geopolitical tensions impacted its oil and gas production and sales during the first quarter. However, heightened prices – especially for liquefied natural gas (LNG) – kept revenues strong. The Australian producer saw a mix of boons and setbacks with its gas businesses during the…

April 29, 2022
Australia’s Santos Reports Record Sales, Volumes on Merger, High Natural Gas Prices

Australia’s Santos Reports Record Sales, Volumes on Merger, High Natural Gas Prices

Australia’s Santos Ltd. reported record revenue and production for 1Q2022 from a combination of soaring commodity prices and the end of a merger, despite some offsets from maturing fields. The producer posted its first full quarter of earnings since wrapping up a merger with Oil Search Ltd. in December. Management said the volumes and sales…

April 25, 2022
Origin Energy Likely to Write Off $200M for Australia Pacific LNG Stake

Origin Energy Likely to Write Off $200M for Australia Pacific LNG Stake

Australia’s Origin Energy Ltd. expects to write off $190-200 million by selling a 10% stake in the Australia Pacific liquefied natural gas (LNG) venture. Ahead of the release of its half-year results on Thursday, the integrated energy company disclosed that the completion of the sale by the end of March will likely leave the company…

February 15, 2022
Woodside, Santos Set Sales Records on Strong Year-End LNG Prices

Woodside, Santos Set Sales Records on Strong Year-End LNG Prices

Stronger commodity prices and sizable mergers helped two of Asia’s biggest liquefied natural gas (LNG) suppliers, Woodside Petroleum Ltd. and Santos Ltd., end 2021 with ballooning sales revenues. Both Australian companies built on the momentum of a stronger than expected 2020 by capitalizing on the market fluctuations of 2021, cashing in big at the end…

January 28, 2022
Jera Moves to Secure Additional LNG Supplies by Taking Stake in Barossa Project

Jera Moves to Secure Additional LNG Supplies by Taking Stake in Barossa Project

Japan’s largest power producer, Jera Co. Inc., said it would take a 12.5% interest in the Barossa natural gas project offshore Australia’s Northern Territory as it continues to secure additional liquefied natural gas (LNG) supplies. Santos Ltd. sanctioned the $3.6 billion project earlier this year to develop the Barossa field to supply the Darwin LNG…

December 8, 2021
Tamboran Lands Investment to Accelerate Australian Natural Gas Exploration

Tamboran Lands Investment to Accelerate Australian Natural Gas Exploration

Former Parsley Energy Inc. CEO Bryan Sheffield has acquired a roughly 7.4% stake in Australian natural gas explorer Tamboran Resources Ltd. Founded in 2009, Tamboran styles itself as “a natural gas company that intends to play a  constructive role in the global energy transition towards a lower carbon future.” The producer develops unconventional natural gas…

December 6, 2021
Australia Unveils Plan to Ensure Domestic Natural Gas Demand Is Met

Australia Unveils Plan to Ensure Domestic Natural Gas Demand Is Met

The Australian Government has outlined a program that it contends will help the country secure natural gas supplies over the next two decades. “The National Gas Infrastructure Plan supports a strategic approach to gas infrastructure investment over the next 20 years and aims to guide industry to priority areas that need to be addressed to…

November 30, 2021
‹ Previous 1 2 3 13