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Santos production falls in Q1

By: Esmarie Swanepoel     Updated 2 hours 59 minutes ago Planned maintenance has seen oil and gas major Santos’ first-quarter production decline by 1.2-million barrels of oil equivalent, compared with the previous quarter, to 13.8-million barrels of oil equivalent. The ASX-listed major told shareholders on Wednesday that planned maintenance in Moomba... 

Woodside plans Pluto LNG expansion

By: Esmarie Swanepoel     18th April 2018 Australian oil and gas major Woodside Petroleum has flagged plans to accelerate the development of the Scarborough gas field through an expansion of the Pluto liquefied natural gas (LNG) project. Woodside in March acquired ExxonMobil’s interest in the Scarborough gas field, taking its interest... 

Gorgon Stage 2 gets approval

By: Esmarie Swanepoel     16th April 2018 The Western Australian state government has welcomed a decision by US energy major Chevron to proceed with the second stage of the Gorgon project expansion, off the coast of Western Australia. Premier Mark McGowan said Chevron's subsea development at the Gorgon natural gas project will create... 

Mining billionaire backs outback gas pipeline to ease power woes

By: Bloomberg     13th April 2018 Billionaire Andrew Forrest is studying a proposed 1 500-mile (2 400-km) transcontinental natural gas pipeline as part of his iron ore company’s strategy to diversify and to boost Australia’s power supply network. Fortescue Metals Group Ltd. confirmed it has undertaken work for a duct that would... 

ExxonMobil restarts quake-hit PNG LNG ops ahead of schedule

By: Esmarie Swanepoel     13th April 2018 The Papua New Guinea liquefied natural gas (PNG LNG) project has restarted production ahead of schedule, following the 7.5 magnitude earthquake in the country’s highlands in February. Project operator ExxonMobil reported on Friday that one train was currently operating at the LNG plant near Port... 

India proposes bringing LNG terminals within the PNGRB regulatory framework

By: Ajoy K Das     11th April 2018 India’s upstream oil and gas sector regulator, Petroleum and Natural Gas Regulatory Board (PNGRB), has proposed to bring all new liquefied natural gas (LNG) storage and regasification projects under its regulatory framework. The regulator’s draft 'Petroleum and Natural Gas Regulatory Board... 

LNG to underpin Australia’s export earnings growth

By: Esmarie Swanepoel     9th April 2018 Australia’s resources and energy export earnings are expected to reach a record A$230-billion in 2017/18, as liquefied natural gas (LNG) exports increased. The Department of Industry, Innovation and Science has reported in the March 2018 edition of the Resources and Energy Quarterly that LNG is... 

NT resources projects to benefit from govt investment

By: Esmarie Swanepoel     6th April 2018 Major resource projects in the Northern Territory are set to benefit from more investment by the state government. The territory government announced plans to invest an additional A$2.44-million over the next two years, to attract and deliver new projects to boost the region’s economy, and to... 

Coal drives Queensland exports

By: Esmarie Swanepoel     6th April 2018 New data by the Queensland Treasury has shown that the value of the state’s exports had increased by A$10.3-million over the last 12 months, to A$70-billion, with coal accounting for the lion’s share of this growth. Coal exports increased by more than 19% during the year, or A$4.8-billion, the... 

WA resources sales surge

By: Esmarie Swanepoel     29th March 2018 Western Australia’s resources sector saw a 16% surge in sales revenue during 2017, to reach A$108.8-billion, as iron-ore prices increased, liquefied natural gas (LNG) volumes grew and gold output remained strong. The Department of Mines, Industry Regulation and Safety reported on Thursday that... 

BC govt unveils tax incentives to induce Kitimat LNG development

By: Henry Lazenby     22nd March 2018 The British Columbia minority government on Thursday unveiled several measures to entice natural gas development in Kitimat, where LNG Canada is working towards a development decision on a new C$40-billion terminal that will process and ship liquefied natural gas (LNG) to Asian markets.... 

US LNG firms lament bad timing of steel tariffs and China trade spat

By: Reuters     22nd March 2018 The Trump administration's planned steel tariffs and a potential trade battle with China could hurt US liquefied natural gas companies just as a new wave of developments in the fast-growing market is gaining steam, company executives say. China is the fastest growing major buyer of LNG, making... 

Nopsema approves Barossa-Caldita plans

By: Esmarie Swanepoel     21st March 2018 The Barossa-Caldita offshore project has taken a major step forward with Australia’s offshore petroleum regulator approving the project proposal. Oil and gas major Santos on Wednesday reported that the National Offshore Petroleum Safety and Environment Management Authority (Nopsema) had assess... 

McGowan announces LNG jobs taskforce

By: Esmarie Swanepoel     14th March 2018 The Western Australian state government has established a dedicated taskforce focused on the liquefied natural gas (LNG) sector. Premier Mark McGowan on Wednesday used the Australasian Oil and Gas expo, in Perth, to announce the establishment of the jobs taskforce, which will be focused on... 

South Africa to become eighth country to export helium by 2019 – Renergen

By: Marleny Arnoldi     12th March 2018 Alternative and renewable energy investment firm Renergen expects to become a significant global producer of helium when its Virginia project starts production in 2019.  

Energy execs says tariff gambit could hit shale, LNG project costs

By: Reuters     7th March 2018 Energy executives say the Trump administration's proposed steel and aluminum tariffs could bump up the cost of big-ticket projects needed for rapidly rising US shale oil and gas output by three to 10%. Higher construction costs could slow growth in production and exports of crude and natural gas... 

PNG LNG to remain closed for eight weeks following earthquake

By: Simone Liedtke     5th March 2018 The Papua New Guinea (PNG) LNG facility, which is part owned by ASX-listed Santos, is expected to remain closed for about eight weeks following a February 26 earthquake. Santos, which has a 13.5% interest in PNG LNG, noted on Monday that it has been advised by the PNG LNG operator that, following... 

ACCC proposes joint gas marketing in Northern Territory

By: Megan van Wyngaardt     2nd March 2018 The Australian Competition and Consumer Commission (ACCC) has released a draft determination proposing to authorise joint gas marketing arrangements between joint venture partners ASX-listed Central Petroleum and Macquarie Mereenie for their Mereenie oil- and gasfield, located in the Amadeus... 

M&R’s oil and gas unit turns to ‘complementary markets’ amid project slowdown

By: Terence Creamer     1st March 2018 The oil and gas unit of engineering and construction group Murray & Roberts (M&R) is actively pursuing projects in “complementary markets”, owing to a slowdown in new project activity in the Australasian oil and gas sector. The value of M&R’s oil and gas order book has fallen to below R4-billion,... 

Santos launches $750m Queensland gas project

By: Megan van Wyngaardt     27th February 2018 Domestic gas supply and regional jobs in Queensland are set to gain considerably with Santos GLNG investing $900-million in upstream gas developments in Maranoa, Western Downs, Central Highlands and Banana this year. As well as upstream developments around the Fairview, Scotia and Arcadia... 

Russians, Saudis may go beyond oil alliance with LNG project

By: Bloomberg     15th February 2018 Russia and Saudi Arabia are seeking ways to amplify the success they’ve had working together to manage the oil market by reaching new energy deals, including one on liquefied natural gas. Signing a memorandum, Russian gas producer Novatek and Saudi oil giant Aramco agreed to consider teaming up... 

Three months to first gold at Dalgaranga project

By: Schalk Burger     15th February 2018 Construction of the Dalgaranga gold project, in Western Australia, is on budget and ahead of schedule with first gold expected in May, ASX-listed gold exploration and development company Gascoyne Resources reported on Thursday. Construction of the 2.5-million-ton-a-year Dalgaranga processing... 

Woodside lashes out at South Korea's Kogas over disputed LNG contract

By: Reuters     14th February 2018 Australia's Woodside Petroleum on Wednesday lashed out at Korea Gas Corp (Kogas) over a dispute it has with the South Korean company, saying KOGAS owes it money for an expired liquefied natural gas (LNG) contract from the North West Shelf Project. CEO Peter Coleman of Woodside Petroleum,... 

Woodside buys ExxonMobil’s Scarborough field stake, announces A$2.5bn share sale

By: Mariaan Webb     14th February 2018 Australian oil and gas producer Woodside on Wednesday announced that it had entered into a binding agreement to buy ExxonMobil’s share of the Scarborough gas field, in the Carnavon basin as part of a A$2.5-billion share sale. The transaction involves an additional 50% interest in WA-1-R, which... 

Gascoyne clinches long-term LNG deal for Dalgaranga project

By: Megan van Wyngaardt     31st January 2018 ASX-listed Gascoyne Resources, through its 100%-owned subsidiary GNT Resources, has executed a long-term liquefied natural gas (LNG) fuel supply agreement with Evol, a fully-owned subsidiary of the Wesfarmers group. The locally sourced LNG provides the lowest-cost and lowest-emissions fuel... 

China unveils vision for 'Polar Silk Road' across Arctic

By: Reuters     26th January 2018 China on Friday outlined its ambitions to extend President Xi Jinping's signature Belt and Road Initiative to the Arctic by developing shipping lanes opened up by global warming. Releasing its first official Arctic policy white paper, China said it would encourage enterprises to build... 

Legal expertise advances local gas investment

By: Robyn Wilkinson     26th January 2018 Law firm Norton Rose Fulbright has helped Norwegian oil and gas company Statoil navigate South Africa’s myriad legislative requirements to acquire a participating interest in two gas exploration blocks offshore of South Africa’s east coast.  

Santos turnaround delivers strong operating performance

By: Megan van Wyngaardt     24th January 2018 A turnaround strategy to deliver a low-cost, reliable and high-performance business at ASX-listed natural gas producer Santos' operations during 2017 progressed ahead of expectations, with the company now being stronger and more resilient, MD and CEO Kevin Gallagher said on Wednesday. "In 2017,... 

Australian LNG exports surge on strong Chinese demand

By: Megan van Wyngaardt     16th January 2018 Australian liquefied natural gas (LNG) exports hit 56.8-million tonnes last year, jumping 26.3% from 44.9-million in 2016, owing to a watershed year of exports to China. Combined with higher oil prices, the increase in volumes pushed up Australia’s 2017 LNG export revenue by 44.1% to... 

Queensland LNG exports surpass prior records in 2017

By: Natasha Odendaal     12th January 2018 Queensland has achieved record liquefied natural gas (LNG) exports in the year to December 2017, Queensland Resources Council CEO Ian Macfarlane said on Friday. During 2017, Queensland exported 20.2-million tonnes of LNG, an increase of 2.7-million tonnes on the exports reported in 2016. 

India’s GAIL earmarks $940m for pipeline expansion

By: Ajoy K Das     12th December 2017 Indian oil and gas infrastructure major GAIL India has announced a three-year capital investment of $940-million to add 2 500 km to its existing gas pipeline network across the country. On Monday, government owned GAIL announced that contracts had been awarded for construction of a 520 km... 

South Africa must prepare for oil and gas supply gap

By: Robyn Wilkinson     1st December 2017 South Africa needs to bridge the growing supply and demand gap in its oil and gas sector, says global research and consultancy group Wood Mackenzie research associate Jon Lawrence. 

Policy certainty needed to drive oil and gas in South Africa

By: Robyn Wilkinson     1st December 2017 The large-scale production of oil and gas has the potential to stabilise South Africa’s economy, relieving unemployment and poverty challenges while driving growth across industries, but government must provide policy certainty and an assertion of future contract stability, says South African Oil... 

A$4.8m for projects to boost innovation in resources sector

     30th November 2017 Eight projects that will boost cross-industry innovation, collaboration and sustainability in the resources sector will receive A$4.8-million in funding through the Australian government’s industry growth centres initiative, acting Industry, Innovation and Science Minister Michaelia Cash... 

Santos names Narrabri among its five core assets

By: Esmarie Swanepoel     9th November 2017 Oil and gas major Santos has reclassified the Narrabri project, in New South Wales, as a core project in the company’s new transform-build-grow strategy. MD and CEO Kevin Gallagher said at an investor day on Thursday that Santos had simplified the business to focus on five core, long-life... 

Australia's project pipeline strong despite end of mining boom

By: Esmarie Swanepoel     1st November 2017 Australia’s resources sector continues to contribute to investment in the Australian economy, despite the apparent end to the so-called mining boom. Advisory firm Deloitte Access Economics this week reported that the total value of projects in its Investment Monitor database rose by... 

Wheatstone ships first LNG

By: Esmarie Swanepoel     1st November 2017 US oil major Chevron has shipped the first liquefied natural gas (LNG) from the Wheatstone project, in Western Australia, to customers in Japan. “The first shipment of LNG from the Wheatstone project signifies our commitment to be a safe and reliable long-term supplier of cleaner-burning natural... 

Queensland’s APLNG directs more gas to domestic market

By: Esmarie Swanepoel     26th October 2017 The Australian Pacific liquefied natural gas (APLNG) project, offshore Queensland, will supply an additional 41 PJ of natural gas to the Australian domestic market, operator Origin Energy reported on Thursday. The new contract increased the APLNG project’s total domestic contracted supply... 

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