LNG underpins A$260.8bn Australian resources investment

Australia’s resources investment soared to A$260.8-billion at the end of April, driven by unprecedented investment in the liquefied natural gas (LNG) sector, the Bureau of Resources and Energy Economics (BREE) reported this week. Investment...

PTT's $1.9bn bid for Cove trumps Shell

Thailand's PTT Exploration and Production has trumped Royal Dutch Shell's bid for Mozambique-focused explorer Cove Energy by offering 1.220billion pounds ($1.9-billion), highlighting international interest in East African gas finds. Cove...

East Africa to join world gas giants

To East Africa's assets of spectacular wildlife, abundant land and shimmering beaches you can now add gas - so much gas it could transform global energy flows along with some of the world's poorest countries. Finds announced just last week off...

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...

Woodside boss calls for LNG policy certainty

Australian petroleum group Woodside on Monday called on the federal government to ensure that policy changes in the industry did not risk the country’s competitiveness. Speaking at the Australian Petroleum Producers and Exporter Association’s...

Ferguson says CSG ‘critical’ to meet future east coast demand

Federal Resources and Energy Minister Martin Ferguson has warned coal seam gas (CSG) detractors that Australia’s ability to meet future east coast gas demand would be “critically” dependent on the extent to which the industry is allowed to...

Pluto produces first LNG

Federal Resources and Energy Minister Martin Ferguson has welcomed the first liquefied natural gas (LNG) production from ASX-listed Woodside’s Pluto project, in Western Australia. “This project is very important to the energy industry and the...

Chevron signs major supply agreement at Wheatstone

US energy major Chevron has signed a heads of agreement with Japan’s Chubu Electric Power Company to supply liquefied natural gas (LNG) from the Wheatstone project, in Western Australia. Under the agreement, Chevron and its project partners...

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 commodity exports to reach record highs

Australia's resources and energy commodity export earnings were forecast to continue to grow over the medium term to reach a record A$225-billion in 2016/17, the Bureau of Resources and Energy Economics (BREE) predicted on Wednesday. The growth...

Talisman Energy inks $280m PNG deal with Mitsubishi

Canadian oil and gas explorer Talisman Energy has signed a $280-million deal with Japan’s Mitsubishi Corporation, giving it access to nine of Talisman’s natural gas licences in Papua New Guinea (PNG). The two companies have agreed to work...

Theiss awarded third Wheatstone contract

Project house Theiss and its joint venture (JV) partner EV LNG Australia has won a A$500-million contract to build liquefied natural gas (LNG) storage and condensate tanks at the Wheatstone project, in Western Australia. Theiss said in a...