Australia

Shell plc is shuttering the 3.6 million metric tons/year Prelude floating liquefied natural gas (FLNG) export facility offshore Western Australia, as union workers overwhelmingly rejected the London-based major’s latest offer to improve pay and working conditions.  The Offshore Alliance union told Shell that workers planned to ban mooring tankers alongside the FLNG facility, preventing the…

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…

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…

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…

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…

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…

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…

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…

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…