Australian gas users fear shortage as LNG exports grow

Australia is on its way to becoming the world's top exporter of liquefied natural gas, but industrial consumers on the country's east coast are worried gas producers will ship so much to Asia's booming economies that domestic supplies will be...

Origin inks A$1bn gas sales deal with Gladstone LNG

ASX-listed Origin Energy has signed a heads of agreement with the Gladstone liquefied natural gas (GLNG) partners in a deal worth an estimated A$1-billion. Under the terms of the agreement, Origin would supply LNG with 365 PJ of gas, or 100 TJ a...

Santos output climbs 13% as new projects lift production

Australian energy major Santos has reported a 13% increase in production during the first quarter ended March. Production reached some 12.4-million barrels of oil equivalent, primarily owing to added production from new assets, including first...

Firestone Energy gets short-term finance facility

ASX- and JSE-listed Firestone Energy said on Thursday that it entered into a conditional, short-term $2.2-million finance facility. The coal development company intended for the facility to provide working capital while it was negotiating the...

Tata Energy eyes 30% stake in Waterberg coal JV

Dual-listed Firestone Energy and black empowered joint venture (JV) partner Sekoko on Wednesday announced that Tata Power had made an offer to acquire 30% of the JV. The proposed offer is based on the JV’s Waterberg coal project being valued at...

Santos profit surges 51% on higher oil and gas prices

Australian oil and gas major Santos has reported a 51% increase in its net profit for the full year ended December, soaring to $753-million. The miner reported a $408-million profit after tax from asset sales, including a 15% interest in the...

Santos produces first gas at Wortel

Oil and gas major Santos has reported the first gas production at its Wortel project, in Indonesia. The Wortel project, which was sanctioned in November 2010, includes two gas wells, an unmanned wellhead platform and a 10 km gas pipeline to the...

Santos reports higher sales for Dec quarter

Oil and gas major Santos has reported increased sales revenue for the three months to December, despite a decrease in production. During the December quarter, Santos produced 11.7-million barrels of oil equivalent, an 8% decline on the previous...

Santos approves A$490m WA oil project

Oil and gas major Santos has approved a A$490-million investment into its Fletcher Finucane oil project, offshore Western Australia. CEO David Knox said the development approval of Fletcher Finucane had come little more than six months after the...

Santos produces first gas at Reindeer

Energy major Santos on Tuesday reported that the first natural gas from the offshore Reindeer field, in the Carnarvon basin, was delivered to the Dampier and Bunbury natural gas pipeline. The delivery of the gas, processed at the onshore Devil...

Santos finalises Eastern Star acquisition

Australian gas major Santos on Thursday reported that it had completed the A$924-million takeover of fellow listed Eastern Star Gas, giving Santos the largest natural gas reserve position in New South Wales. Santos launched its takeover offer for...

Australia LNG production to hit 100Mt/y by 2020

Australia’s liquefied natural gas (LNG) production could increase five times to 100-million ton a year by 2020, energy major Santos, which is building the $16-billion Gladstone project, said on Thursday. Speaking at the Australian Institute of...