Australian

Another International Heavyweight Buys Into U.S. Shales

Australian energy giant BHP Billiton Petroleum has become the latest international energy heavyweight to buy into U.S. shale plays with a transaction to acquire Chesapeake Energy Corp.’s Fayetteville Shale portfolio for $4.75 billion cash.

February 23, 2011

Australia’s AWE Identifies Country’s First Commercial Shale Gas Play

After two years of study, Australian oil and gas exploration and production company AWE Ltd. said it has identified targets within the Perth Basin Shale play that rival the characteristics of some of the productive natural gas shales within the United States, with one interval — the Carynginia Shale — alone holding a gross of 13-20 Tcf in place within AWE’s acreage.

November 17, 2010

Australian Producer Gets First Permit to Drill in Deepwater GOM

Australian producer BHP Billiton received the first permit from the Bureau of Energy Management, Regulation and Enforcement (BOEM) to drill in the deepwater Gulf of Mexico since the moratorium was lifted in mid-October, analysts for Tudor, Pickering, Holt & Co. Securities Inc. (TPH) said last Wednesday. But it’s not a sign that more deepwater permits are immediately around the corner, cautioned FBR Capital Markets.

November 15, 2010

Australian Producer Gets First Permit to Drill in Deepwater GOM

But it’s not a sign that more deepwater permitting is immediately around the corner, says FBR Capital Markets.

November 11, 2010

Chevron Sells More Future Gorgon LNG Production

Australian subsidiaries of Chevron Corp. and Japan’s Chubu Electric Power Co. Inc. have signed binding long-term sales and purchase agreements (SPA) for a portion of Chevron’s share of liquefied natural gas (LNG) to be produced from the Gorgon Project off Australia’s coast.

December 17, 2009

‘Anomalies’ in Neptune Deepwater Hull Delay Start-Up

Australian producer BHP Billiton has begun assessing how to repair its Neptune tension leg platform (TLP) in the deepwater Gulf of Mexico (GOM) after discovering “structural anomalies” last week.

March 25, 2008

Merger Will Create ‘Sustainable Model’ for Industry, Puget CEO Says

If Puget Energy CEO Stephen Reynolds and his Australian-led private investment partners are right, their proposed merger will create a “sustainable model” for the energy industry to allow electric and natural gas utilities to come up with staggering new capital funding levels to meet future infrastructure needs to produce, transport and deliver the nation’s home and business energy supplies. The deal, announced late last month, does not require any change in the rates of Puget’s Bellevue, WA-based utility, Puget Sound Energy (PSE), according to Reynolds.

November 5, 2007

Merger Will Create ‘Sustainable Model’ for Industry, Puget CEO Says

If Puget Energy CEO Stephen Reynolds and his Australian-led private investment partners are right, their proposed merger will create a “sustainable model” for the energy industry to allow electric and natural gas utilities to come up with staggering new capital funding levels to meet future infrastructure needs to produce, transport and deliver the nation’s home and business energy supplies. The deal does not require any change in the rates of Puget’s Bellevue, WA-based utility, Puget Sound Energy (PSE), according to Reynolds.

October 30, 2007

Coast Guard Extends Time on California LNG Project

The U.S. Coast Guard earlier this month extended the comment period on Australian-based Woodside Natural Gas Co.’s proposed OceanWay liquefied natural gas (LNG) project offshore from Los Angeles International Airport (LAX). The move comes after an initial public meeting near the airport Sept. 26 to introduce the start of the joint federal-city environmental review process.

October 15, 2007

Coast Guard Extends Time on California LNG Project

The U.S. Coast Guard earlier this month extended the comment period on Australian-based Woodside Natural Gas Co.’s proposed OceanWay liquefied natural gas (LNG) project offshore from Los Angeles International Airport (LAX). The move comes after an initial public meeting near the airport Sept. 26 to introduce the start of the joint federal-city environmental review process.

October 11, 2007