Australian

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.

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.

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

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.

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.

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.

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.

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.

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.