US shale could threaten Australian LNG exports

The emerging shale gas industry in the US has been identified as a possible threat to Australia’s liquefied natural gas (LNG) sector, the Bureau for Resources and Energy Economics (BREE) reported. In an analysis of the LNG market, BREE...

Australian petroleum output at 3-year low

Australia’s petroleum production fell some 6% in 2011, owing to weak demand, floods and maintenance issues, energy economist EnergyQuest reported on Monday. Petroleum production, which includes oil, liquefied petroleum gas (LPG), condensate and...

Apache plant boosts WA gas output 20%

Western Australian Premier Colin Barnett officially opened oil and gas explorer Apache Energy’s Devil Creek gas plant over the weekend, saying the investment in domestic gas production was important for the state’s economic future. The...

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...

Onshore gas explorers adopt new code

Onshore gas explorers in Western Australia this week adopted a code of practice to set industry standards for the state’s next generation of clean energy production. The Australian Petroleum Production and Exploration Association (Appea)...

Santos profits up by 155%, new projects on track

Australian oil and gas major Santos has lifted its net profit for the six months ended June by 155%, to $504-million, compared with the previous first half. Underlying net profit for the first six months of the year was up by 12% to $236-million,...

Australia’s gas output hits record, momentum set to continue in 2011

Australia set a new natural gas production record last year, driven by increasing global demand for liquefied natural gas (LNG), along with growth in domestic gas-fired power generation. Energy advisory firm EnergyQuest on Tuesday reported that...

Qld moves to resolve coal and CSG land tenure conflict

The Queensland government on Thursday reported that it was taking action to assist the coal industry and the coal seam gas (CSG) companies to resolve conflicts caused by overlapping land tenure. Mines and Energy Minister Stephen Robertson has...

Hawkley says Sorochynska gas production to start soon

Oil and gas developer Hawkley said that it expected to start commercial gas production at its Sorochynska asset, in the Ukraine, by mid January. The recently-listed oil and gas company has completed the installation of the pipeline to the gas...

Major buyers increase LNG imports by 28% in H1 – EnergyQuest

Global imports of liquefied natural gas (LNG) by the world’s major buyers were 28% higher in the first half of 2010, compared with the first six months of 2009, energy economics group EnergyQuest revealed on Tuesday. The analysis covers LNG...