R/€ = 14.79 Change: 0.02
R/$ = 12.63 Change: -0.05
Au 1294.85 $/oz Change: 1.97
Pt 906.50 $/oz Change: 4.81


McGowan welcomes Woodside's Browse plan

By: Esmarie Swanepoel     15th May 2017 Western Australia’s newly elected Premier Mark McGowan has welcomed plans by oil and gas producer Woodside to incorporate its Browse liquefied natural gas (LNG) project into the North West Shelf (NWS) producing asset. Woodside CEO Peter Coleman recently revealed plans to incorporate the Browse... 

Woodside studies plan to incorporate Browse into North West Shelf

By: Esmarie Swanepoel     8th May 2017 Australian oil and gas producer Woodside has unveiled plans to potentially incorporate its Browse liquefied natural gas (LNG) project into the North West Shelf (NWS) project. Woodside chairperson Peter Coleman said at the company’s annual general meeting at the end of last week that... 

Browse delay an economic decision - Coleman

By: Esmarie Swanepoel     12th April 2016 Australian oil and gas major Woodside CEO and MD Peter Coleman said on Tuesday that the decision to shelve the Browse liquefied natural gas (LNG) project earlier this year, was simply an economic one. “Of course there was some social licence to operate things that we were aware of and were of a... 

Woodside puts Browse floating LNG project on hold

By: Esmarie Swanepoel     23rd March 2016 The development of the Browse liquefied natural gas (LNG) project, planned for offshore Western Australia, has been suspended, owing to the current economic environment. Australian oil and gas major Woodside and its joint venture (JV) partners on Wednesday announced the decision not to progress... 

Commonwealth retention leases renewed for Browse FLNG project

By: Esmarie Swanepoel     8th July 2015 The proposed Browse floating liquefied natural gas (FLNG) project has been given more certainty after the Commonwealth-Western Australia offshore petroleum joint authority renewed five commonwealth retention leases that were earmarked for the project. Industry and Science Minister Ian Macfarlane... 

Woodside advances Browse LNG project 

By: Esmarie Swanepoel     2nd July 2015 Oil and gas major Woodside has entered into the front-end engineering and design (FEED) phase for its Browse floating liquefied natural gas (FLNG) project, off the coast of Western Australia. CEO Peter Coleman said entering the FEED phase was a significant step towards developing the Browse... 

BHP finalises Browse sale

By: Esmarie Swanepoel     10th June 2013 Mining major BHP Billiton has finalised the sale of its interest in the Browse liquefied natural gas (LNG) joint venture (JV) to PetroChina Investment for $1.63-billion. In December last year, BHP agreed to sell its 8.33% share in the East Browse JV and its 20% interest in the West Browse JV to... 

Woodside delays Browse development

By: Esmarie Swanepoel     12th April 2013 Australian oil and gas major Woodside on Friday delayed the $45-billion Browse liquefied natural gas (LNG) development, near James Price Point, saying it was no longer commercial. Woodside said in a statement that an evaluation of the project, ahead of a final investment decision, determined that... 

Shale gas prices believed to have bottomed, impacting industries

By: Henry Lazenby     26th February 2013 Most exploration and production (E&P) market participants that contributed to a recent market survey believe shale gas prices have bottomed out and 87% of survey respondents predicted natural gas prices would stay the same or increase over the next two years or increase by 10% or more in the next... 

BHP sells Browse JV interests to PetroChina

By: Esmarie Swanepoel     12th December 2012 Mining major BHP Billiton announced on Wednesday that it would sell its interest in the East and West Browse joint venture (JV) to PetroChina International Investment for $1.63-billion. BHP owns the $30-billion Browse project in a JV with Wooodside, which is the operator; Shell; BP and Chevron.... 

BHP to spend $6.5bn on boosting petroleum output

By: Esmarie Swanepoel     5th September 2012 Mining giant BHP Billiton has sharpened its focus on its gas assets, with the miner announcing it would spend some $6.5-billion on its petroleum operations during 2013. Speaking in New York overnight, BHP CEO for petroleum, Michael Yeager, said that the majority of this spend would go towards... 

Chevron swaps stakes with Shell

By: Esmarie Swanepoel     21st August 2012 US energy major Chevron would exchange its holdings in the Browse liquefied natural gas (LNG) development for fellow major Shell’s interest in the Clio and Acme fields, in the Carnarvon basin. Under the agreement, Chevron would exchange its 16.7% interest in the East Browse titles and its 20%... 

Kloppers gives up bonus as BHP takes $3.3bn charge on shale, nickel 

By: Esmarie Swanepoel     3rd August 2012 BHP Billiton CEO Marius Kloppers would forgo his bonus for 2012, after the diversified miner reported an impairment of $2.84-billion on its US shale gas assets, and $450-million on its Nickel West assets, in Australia. The miner reported on Friday that low US gas prices, owing to a short-term... 

Woodside delays Browse LNG decision to 2013

By: Esmarie Swanepoel     10th April 2012 Oil and gas major Woodside has received federal and state approval to delay its final investment decision on the proposed $30-bilion Browse liquefied natural gas (LNG) project. Federal Resources and Energy Minister Martin Ferguson and Western Australian Mines and Petroleum Minister Norman Moore... 


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