Woodside

The natural gas industry risks becoming marginalized unless it steps up and convinces the public how necessary it is, top executives said Tuesday.

Chevron Australia and Woodside Energy, Australia’s largest independent oil and gas producer, signed separate long-term agreements last week to supply 100 petajoules (PJ) of gas to the Worsley Alumina integrated mining and refinery complex south of Perth in Western Australia.

Australia-based GLX, an online trading platform for liquefied natural gas (LNG), plans to work with the energy price-reporting arm of IHS Markit to start up an end-to-end trading solution to transact physical cargoes.

Australia-based Woodside Energy Ltd. has decided not to invest in Sempra Energy’s proposed Port Arthur, TX, liquefied natural gas (LNG) project, but plans are moving forward toward a final investment decision (FID) next year, a spokesperson said.

Units of liquefied natural gas (LNG) project partners Sempra Energy and Woodside Petroleum Ltd. on Thursday said they have a prospective Korean customer for their proposed export facility at Port Arthur, TX.

Woodside Petroleum Ltd. and its partners have postponed indefinitely the Browse joint venture floating liquefied natural gas (FLNG) project off the coast of Western Australia.

Apache Corp. on Monday agreed to a $2.75 billion deal with Woodside Petroleum Ltd. to sell its half-stake in the Kitimat liquefied natural gas (LNG) export project in British Columbia (BC), acreage in the Horn River and Liard basins, and its interest in Australia’s Wheatstone LNG facility.

New Orleans-based Energy Partners Ltd. (EPL), which has been trying to avoid a takeover by Australian-based Woodside Petroleum Ltd. subsidiary ATS Inc., lowered its 3Q2006 production guidance, citing equipment delays and mechanical issues at its South Timbalier and Eugene Island leases. The mechanical and equipment issues have been resolved, and EPL expected output to reach about 30,000 boe/d earlier this month. EPL last month rejected the ATS takeover offer of about $883 million, or $23/share (see NGI, Sept. 18). The ATS offer has been extended to Oct. 20. ATS also is seeking to remove EPL’s board, and it is soliciting proxies from shareholders to vote against EPL’s proposed $2.2 billion acquisition of Lafayette, LA-based Stone Energy Corp. (see NGI, June 26).

New Orleans-based Energy Partners Ltd. (EPL), which has been trying to avoid a takeover by Australian-based Woodside Petroleum Ltd. subsidiary ATS Inc., on Monday lowered its 3Q2006 production guidance, citing equipment delays and mechanical issues at its South Timbalier and Eugene Island leases.