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PNG LNG signs mid-term offtake

By: Esmarie Swanepoel     20th July 2018 The Papua New Guinea liquefied natural gas (PNGG LNG) project partners have entered into a mid-term LNG sale and purchase agreement with Hong Kong-based PetroChina International Corporation. Under the agreement, the PNG LNG project will supply some 0.45-million tonnes of LNG a year over a... 

Total’s acquisition of Engie LNG portfolio closes

By: Marleny Arnoldi     13th July 2018 Petroleum giant Total’s acquisition of Engie’s portfolio of upstream liquefied natural gas (LNG) assets for an overall enterprise value of $1.5-billion, has closed.  

Shell ramps up in Kitimat, raising Canada’s C$40bn LNG hopes

By: Bloomberg     9th July 2018 A flurry of activity in a remote Canadian town is raising optimism that Royal Dutch Shell and its partners are ready to go ahead with the nation’s largest infrastructure project: a C$40-billion liquefied natural gas terminal that could at last unlock energy exports to Asia. The action is... 

IEA sees gas demand growth of 1.6% a year, China to become largest importer

By: Esmarie Swanepoel     27th June 2018 A new report by the International Energy Agency (IEA) has shown that global gas demand will grow at an average rate of 1.6% a year, reaching just more than 4.1-trillion cubic metres in 2023. This forecast compares with demand of 3.74-tillion cubic metres in 2017, the IEA noted in its ‘Gas 2018’... 

AEMO sees no gas supply gaps to 2030

By: Esmarie Swanepoel     22nd June 2018 The latest Gas Statement of Opportunities (GSOO) by the Australian Energy Market Operator (AEMO) has found that market intervention, new supply and lower demand have avoided a potential energy shortfall. The AEMO in late 2017, warned of a substantial shortfall in gas for the east coast of... 

Second LNG train at Wheatstone starts up

By: Esmarie Swanepoel     15th June 2018 Liquefied natural gas (LNG) production from the second train at the Wheatstone project, near Onslow in Western Australia, has started. US major Chevron said on Friday that the Wheatstone project is expected to produce 8.9-million tonnes a year of LNG over an estimated 30-year mine life, adding... 

Coal royalties give Queensland Budget surplus a boost

By: Esmarie Swanepoel     12th June 2018 A record contribution from coal royalties has assisted the Queensland government in delivering a surplus of A$1.5-billion for the 2017/18 financial year – three times more than what was predicted in the mid-year fiscal and economic review forecast in December. “The Queensland economy continues... 

GLNG ships milestone cargo

7th June 2018 The Gladstone liquefied natural gas (GLNG) project has shipped its 200th LNG cargo from Curtis Island to Korea. “For the next two decades, the International Energy Agency expects natural gas to grow more than any other energy type, to a market share of more than a quarter of all global energy... 

Resources, oil & gas sectors drive Australian GDP growth in Q1

By: Esmarie Swanepoel     7th June 2018 The resources and oil and gas sectors have continued to drive the Australian economy during the March quarter, with the Australian Bureau of Statistics (ABS) revealing that the sectors were the main drivers to a 1% increase in Australia’s gross domestic product (GDP) during the period. The... 

AIE selects Port Kembla for A$300m LNG import terminal

By: Esmarie Swanepoel     5th June 2018 The Australian Industrial Energy (AIE) consortium has selected Port Kembla, in New South Wales, as the site for the first A$300-million liquefied natural gas (LNG) import terminal. The proposed terminal will have the ability to supply more than 100 PJ/y of LNG, sufficient to meet over 70% of... 

Oil and gas industry contributing greatly to economy - Appea

By: Esmarie Swanepoel     1st June 2018 Australia’s oil and gas industry contributed some A$27-billion to the country’s economy in 2016/17, new data from the Australian Petroleum Production & Exploration Association (Appea) reported this week. “The economic footprint of the oil and gas industry goes far beyond its production wells and... 

MInteg invest in rope access training centre

31st May 2018 Improved IRATA Status Extends Working at Height Expertise Maintenance, inspection and integrity specialist, MInteg, have opened a purpose-built rope access training centre at parent company EnerMech’s Aberdeen headquarters. 

Santos announces A$400m Gladstone LNG investment

By: Esmarie Swanepoel     31st May 2018 Oil and gas major Santos and its joint venture partners in the Gladstone liquefied natural gas (GLNG) project, will invest more than A$400-million on the 137-well Arcadia gas project, in the Bowen basin. Santos said on Thursday that the A$400-million Arcadia investment was in addition to the... 

Mining’s share of total project work in Queensland falling

By: Esmarie Swanepoel     24th May 2018 While the Queensland Major Projects Pipeline Report has shown a 58% increase in major project work during 2017/18, private sector investment, particularly in the mining sector, is falling. The report, compiled by the Queensland Major Contractors Association, Construction Skills Queensland and... 

Woodside outlines plans for expanded Scarborough

By: Esmarie Swanepoel     23rd May 2018 Australian oil and gas producer Woodside has increased the forecast capital investment to develop its Scarborough gas field from the previous estimate of between $8.5-billion and $9.5-billion to $11-billion. CEO Peter Coleman told an investor briefing on Wednesday that the increase in expected... 

Norway postpones decision on carbon capture plant, drops Yara

By: Reuters     15th May 2018 Norway postponed a final decision on whether to go ahead with a project to develop Europe's first industrial carbon capture and offshore storage (CCS) project, after dropping one of its participants, Yara International . The government said on Tuesday that fertiliser maker Yara's site, one of... 

Interconnected Carnarvon basin will get more LNG to market – Chevron

By: Esmarie Swanepoel     15th May 2018 US oil and gas major Chevron has called for greater cooperation between industry players and the government to unlock future value in the Carnarvon basin, offshore Western Australia. Speaking at the Australian Petroleum Production and Exploration Association (Appea) conference, in Adelaide,... 

Australia East Coast gas prices seen rising as cheap gas supply dwindles

By: Esmarie Swanepoel     15th May 2018 Australia’s East Coast gas prices are forecast to rise up to 30% to between A$10/GJ and A$13/GJ by the mid-2020s, as cheap gas supply continues to decline, advisory firm Wood Mackenzie has reported. Speaking at the Australian Petroleum Production and Exploration Association (Appea) conference,... 

LNG exports put Australia oil and gas in trade surplus

By: Esmarie Swanepoel     14th May 2018 The Australian oil and gas industry recorded a trade surplus for the first time in 13 years in 2016/17, new data from the Australian Petroleum Production and Exploration Association (Appea) has shown. Appea on Monday reported that owing to a 35% increase in the value of liquefied natural gas... 

PNG LNG delivering economic promises - Oil Search

By: Esmarie Swanepoel     14th May 2018 ASX-listed Oil Search has maintained that the Papua New Guinea liquefied natural gas (PNG LNG) project has been beneficial to the region, despite reports suggesting otherwise. Social justice advocates Jubilee Australia has claimed that the PNG LNG project has caused increased violence in PNG as... 

Resources sector to inject nearly A$6bn into WA economy

By: Esmarie Swanepoel     10th May 2018 The resources sector is forecast to inject some A$5.9-billion into Western Australia’s economy in 2018/19, with the sector continuing to be a major driver in the state’s economy. The mining industry contributed some A$5-billion, or 17%, of Western Australia’s total revenues during 2017, the... 

Govt lends approvals assistance to offshore Transborders LNG project

By: Esmarie Swanepoel     8th May 2018 The federal government has granted special project status to the A$1.6-billion offshore gas project being developed by unlisted Transborders Energy. Perth-based Transborders Energy is planning a floating liquefied natural gas (FLNG) project, which is expected to increase Australia’s LNG exports... 

Queensland resource exports grow to A$1bn a week

By: Esmarie Swanepoel     7th May 2018 The resources sector has continued to support Queensland’s export growth, with the resources sector contributing some 78% of the state’s goods export. The value of Queensland exports increased by A$8.3-billion to $70.1-billion over the year to March, with coal exports contributing the largest... 

Production restarted at PNG LNG

By: Esmarie Swanepoel     30th April 2018 The second train of the Papua New Guinea liquefied natural gas (PNG LNG) project has restarted production and exports, following an earthquake in February. Production has been gradually increasing since the Hides gas conditioning plant and one LNG train was restarted earlier this month. 

BC govt court case another ‘stall tactic’ to block Trans Mountain expansion – CAPP

By: Henry Lazenby     27th April 2018 A reference court case brought by the environment-focused minority provincial government of British Columbia that seeks a confirmation of the province's constitutional rights to defend against the risks of a bitumen spill has been criticised by Canada’s petroleum producers as “just another stall... 

Santos delivers Scotia project 16% under budget

By: Esmarie Swanepoel     26th April 2018 ASX-listed Santos has completed the commissioning and start up of its $400-million Scotia project, in the Bowen basin of Queensland. The company told shareholders that the project was completed ahead of schedule and under budget, with initial full field production exceeding 40 TJ/d, in line... 

Woodside signs gas supply MoU with Perdaman

By: Esmarie Swanepoel     26th April 2018 Australian oil and gas producer Woodside has signed a memorandum of understanding (MoU) with multinational Perdaman to supply gas to the proposed $3.5-billion coal-to-urea plant being developed on the Burrup Peninsula. Under the MoU, Woodside will supply some 125 TJ/d of domestic gas to the... 

Barossa LNG project advances to FEED phase – Santos

By: Esmarie Swanepoel     24th April 2018 Australian oil and gas major Santos and its joint venture (JV) partners have advanced the Barossa project to the front-end engineering and design (FEED) phase of development. FEED activities will involve engineering and commercial work, aimed at finalising the project’s technical detail, cost,... 

Santos production falls in Q1

By: Esmarie Swanepoel     19th April 2018 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... 

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