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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. 

Australia forecasts 20% iron-ore price drop in 2018 as China demand eases

By: Reuters     8th January 2018 Australia on Monday said it expects iron ore prices to average $51.50/t this year, down 20% from 2017, because of rising global supply and moderating demand from top importer China as its steel sector shrinks. The government projection is out of step with some private forecasts, with UBS and... 

China's Shanxi urges coke makers to halt curbs to boost gas output – official

By: Reuters     28th December 2017 Coke producers in China's Shanxi province have been urged by authorities to resume full output in an effort to produce more coke oven gas, a provincial government official told Reuters on Thursday. Coke oven gas is a by-product of coke production and oven gas can be treated and turned to... 

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... 

Woodside reports higher revenue in Sept quarter

By: Esmarie Swanepoel     19th October 2017 Australian oil and gas producer Woodside Petroleum has reported increases in sales volumes and revenues for the three months to September, compared with the previous quarter. Oil and gas production for the three months to September reached 20.3-million barrels of oil equivalent, which was down... 

Chevron cans $400m Great Australian Bight drilling plan

By: Esmarie Swanepoel     13th October 2017 US oil and gas major Chevron will abandon its $400-million exploration programme in the Great Australian Bight, saying drilling in the region could not compete for capital in Chevron’s global portfolio, given the low oil price environment. “We appreciate the strong support from governments,... 

Qld releases more exploration acreage

By: Esmarie Swanepoel     11th October 2017 The Queensland government will release more than 19 000 km2 of land for gas exploration as part of its annual exploration programme, Natural Resources and Mines Minister Dr Anthony Lynham said on Wednesday. The gas generated from these exploration tenements will be used to power local... 

Wheatstone marks milestone with first LNG production

By: Esmarie Swanepoel     9th October 2017 The $34-billion Wheatstone liquefied natural gas (LNG) project, in Western Australia, has produced its first product, with first shipments targeted in the coming weeks. "First LNG production is a significant milestone and is a credit to our partners, contractors and the many thousands of people... 

Gas infrastructure major GAIL seeking uniform pricing

By: Ajoy K Das     6th October 2017 Indian gas infrastructure major GAIL India has proposed a unified or pooled price for all its customers linked to its network of gas pipelines across the country. GAIL says that a unified price will eliminate differential tariffs and taxes based on distance of locations from the infrastructure... 

Steelmaking commodities, thermal coal prices to buoy Australian export earnings

By: Esmarie Swanepoel     6th October 2017 The Australian government is forecasting record resources and energy exports in 2017/18, but says exports will decline in 2018/19. The Industry, Innovation and Science department forecasts resources and energy exports of A$211-billion in the current financial year and exports of A$201-billion... 

Queensland gas supply deal enacted

By: Esmarie Swanepoel     4th October 2017 Queensland’s liquefied natural gas (LNG) producers have enacted a deal struck with the federal government to provide sufficient gas supply to the domestic market in 2018 and 2019, signing an industry-government agreement. Shell, Origin Energy and Santos in September agreed to supply an additional... 

Up, up, up. . . Soaring expectations for gas; BC energy ministry mum on oil, coal potential

By: Henry Lazenby     30th September 2017 The British Columbia government on Wednesday shared optimistic prospects for its energy sector, outlining lofty expectations for natural gas exports and the growing renewable energy sector. “The emerging renewable sector is addressing climate action and LNG has the ability to reduce dependency... 

Western Australia’s resources sales up 19% to A$105bn

By: Esmarie Swanepoel     29th September 2017 The Western Australian resources sector has again exceeded the A$100-billion mark in the 2017 financial year, with the state recording resources sales of A$105-billion. This was up 19% on the 2015/16 overall sales value, the Department of Mines, Industry Regulation and Safety reported on Friday. 

Gas shortfall forecast for Australia’s east coast in 2018

By: Esmarie Swanepoel     26th September 2017 An interim report by the Australian Competition and Consumer Commission (ACCC) has predicted a substantial shortfall in gas for the east coast by 2018. “The interim report projects a supply shortfall in the east coast gas market of up to 55 petajoules (PJ) in 2018, which could be as high as 108... 

Coal shortage triggers higher LNG offtake by Indian power companies

By: Ajoy K Das     14th September 2017 Indian power generation companies are rushing to book liquefied natural gas (LNG) to maintain generation, as coal shortages threaten capacity utilisation of thermal power plants. Over the past two to three days, power companies have made new bookings of an estimated 10-million standard cubic... 

US braces for Hurricane Irma as effects of Harvey still progress toward consumers

By: Henry Lazenby     9th September 2017 While the effects of Hurricane Harvey are still progressing downstream in the US oil and gas supply chain, progressing towards consumers, Hurricane Irma is threatening the US with another potential blow, with parts of the country already seeing a disruption of energy and chemical product... 

Santos supplies more gas to east coast

By: Esmarie Swanepoel     7th September 2017 Australian oil and gas major Santos on Thursday announced that it would supply a further 30 petajoules (PJ) of gas to the east coast domestic market between 2018 and 2019. The ASX-listed company reported that the gas, which would be sourced from the Gladstone liquefied natural gas (GLNG)... 

Australian gas exports continue to rise

By: Esmarie Swanepoel     6th September 2017 Australia’s natural gas output reached a record 3 770 PJ in 2017, up 27% on the 2016 financial year, energy market analyst EnergyQuest reported on Wednesday. EnergyQuest CEO Dr Graeme Bethune noted that gas production from the east coast was catching up with demand, with liquefied natural gas... 

APLNG passes lender's test

By: Esmarie Swanepoel     24th August 2017 The remaining $3.4-billion shareholder guarantees over the Australia Pacific liquefied natural gas (APLGN) project’s $8.5-billion project finance has been released after the project met all of the lender’s completion tests, ASX-listed Origin Energy reported. In 2012, APLNG secured the project... 

Ferguson calls on NT govt to reconsider fracking stance

By: Esmarie Swanepoel     18th August 2017 The Australian Petroleum Production & Exploration Association (Appea) has called on the Northern Territory government to reconsider its stance on hydraulic fracturing (fracking), saying an onshore gas industry in the region could deliver new sources of stable, long-term revenue for the Territory... 

Origin widens losses in FY17

By: Esmarie Swanepoel     16th August 2017 Oil and gas producer Origin Energy has widened its statutory loss for the 2017 financial year, from A$628-million reported at the end of 2016, to A$2.22-billion. The company earlier warned of a A$1.2-billion post tax impairment on the second half of the 2017 financial year, driven by a... 

Santos to redirect gas to Pelican Point power station

By: Esmarie Swanepoel     14th August 2017 Oil and gas producer Santos reported on Monday that it had signed an agreement to redirect gas to the Pelican Point power station, to support South Australia’s energy needs. Starting in January next year, Santos will supply 15 PJ of electricity to the power station, through a mix of gas from the... 

British Columbia govt outlines actions to block Kinder Morgan crude pipeline expansion

By: Henry Lazenby     11th August 2017 The newly installed coalition government of British Columbia has outlined its plans to stop an expansion of the Kinder Morgan oil pipeline that transports Alberta crude oil to Vancouver, on Canada's West Coast. Last year, the federal government, under Prime Minister Justin Trudeau, approved... 

GAIL throws lifeline to Kochi LNG as it restarts gas pipeline construction

By: Ajoy K Das     8th August 2017 Gas infrastructure major GAIL India has started work on a stalled 438 km gas pipeline, throwing a lifeline to the Kochi liquefied natural gas (LNG) terminal, languishing at less than 10% capacity utilisation. GAIL last week officially restarted work on constructing the pipeline connecting Kochi... 

Pacific Northwest LNG megaproject cancelled following review, ‘changed market conditions’ 

By: Henry Lazenby     26th July 2017 The Pacific NorthWest liquefied natural gas (PNW LNG) project has been cancelled by its shareholders, following an in-depth review and changed market conditions. Malaysia-based Petronas, the majority shareholder of the project, made the announcement on Tuesday, leaving the project, which has a... 

Export restrictions risk exacerbating domestic gas supply problem – Appea

By: Esmarie Swanepoel     24th July 2017 The Australian Petroleum Production & Exploration Association (Appea) has again warned against plans to restrict gas exports to boost domestic supply. The warning comes as Resources Minister Matt Canavan gave formal notice to liquefied natural gas (LNG) producers that he would consider whether... 

Woodside production falls in June quarter

By: Esmarie Swanepoel     20th July 2017 ASX-listed Woodside Petroleum has reported its second quarter of production decline during the three months to June, despite the Pluto liquefied natural gas (LNG) project delivering record rates. Production during the second quarter ended June reached 20.7-million barrels of oil equivalent,... 

Joint programme to fund new Australia gas projects

By: Esmarie Swanepoel     17th July 2017 During the recent Council of Australian Governments (COAG) meeting, Australian state and territory governments have agreed to work with the federal government to implement its A$26-million gas acceleration programme (GAP) to fast-track new gas to the east coast market. Minister for Resources and... 

Australia forecasts lower resource earnings as commodity demand is seen slowing

By: Esmarie Swanepoel     7th July 2017 Iron-ore and metallurgical price increases, which gave Australia’s resource and energy export earnings a 25% lift in 2016/17, are unlikely to last, resulting in the Office of the Chief Economist forecasting lower export earnings for the next two years. Resource and energy export earnings are... 

Poland sees Trump visit catalyst to cut Russian gas reliance

By: Bloomberg     5th July 2017 Polish leaders are betting Donald Trump’s visit to Warsaw starting on Wednesday, two days before the US President meets his Russian counterpart, will bolster their efforts to reduce the nation’s dependence on natural gas from its eastern neighbour. Less than a month after Poland’s Baltic Sea... 

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