Woodside

Jera Co. Inc., one of the world’s largest LNG buyers, has secured a 15.1% stake in Woodside Energy Group Ltd.’s Scarborough project as it continues to look for stable long-term supply for Japanese power production. Under the transaction, valued at $1.4 billion, Jera would obtain a non-operating interest in the Scarborough partnership and offtake an…

Woodside is further diversifying its LNG portfolio with more U.S.-sourced gas from a new supply agreement with Mexico Pacific Ltd. (MPL), tallying another major offtaker for the proposed Mexican terminal. Woodside has inked a 20-year, 1.3 million metric ton/year (mmty) sales and purchase agreement (SPA) for offtake from the Saguaro Energia LNG terminal on a…

Woodside Energy Group Ltd. reported one of its projects to expand Australian LNG exports is almost half done, but CEO Meg O’Neill said the country’s regulatory process could be undercutting the firm’s ability to secure foreign investment and domestic natural gas supply. As part of the firm’s third quarter earnings release, O’Neill said construction activity…

Global natural gas markets were tepid Tuesday despite growing risks of Australian LNG work stoppages. While the global natural gas community gathered in Singapore for the start of the Gastech 2023 conference, workers at Chevron Corp.’s Gorgon and Wheatstone liquefied natural gas terminals disclosed plans for walkouts. Representatives for the Offshore Alliance said workers could…

Woodside Energy Group Ltd. is considering whether to take one of the five LNG trains connected to its North West Shelf (NWS) Project offline as it works to attract more third-party natural gas partners. In its half-year results, Australia’s largest energy company disclosed the NWS partnership was assessing the cost saving benefits of placing one…

Talks to avert strikes at three LNG export facilities in Western Australia are expected to stretch into next week after negotiations between the labor unions, Chevron Corp. and Woodside Energy Group Ltd. have made little headway. Discussions were scheduled to continue next Wednesday (Aug. 23) in order to give both sides time to consider what…

Commonwealth LNG LLC disclosed it has reached a milestone in the development of its 9.3 million metric ton/year (mmty) proposed natural gas export facility in Cameron Parish, LA with a combined equity, offtake and feed gas supply agreement. Houston-based Commonwealth said it has closed an agreement with Kimmeridge Energy Management Co. LLC for a minority…

Labor unions in Australia have escalated negotiations with Woodside Energy Group Ltd. and Chevron Corp. by voting overwhelmingly to go on strike if necessary. Strikes haven’t started, but the Australia Workers’ Union and Maritime Union authorized protected industrial action. The move sets the stage for potential work stoppages that could put nearly 10% of global LNG capacity at risk of shutting down.

Tellurian Inc. said a deal to sell LNG to an affiliate of Gunvor Group Ltd. from its proposed Driftwood export terminal has been terminated. “The parties were unable to reach agreement on the commercial terms of an amendment to the agreement,” Tellurian said in a U.S. regulatory filing.