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Oil and Gas News

Bowen Basin gas pipeline on the cards

By: Esmarie Iannucci     6th January 2022 The Queensland government on Thursday released the Bowen Basin Pipeline concept study, which investigated potential gas pipeline pathways and optimisation of the Bowen Basin’s gas reserves to support the East Coast gas market for export and domestic use. The study also investigated opportunities... 

Australian exports flourish as project pipeline grows

By: Esmarie Iannucci     4th January 2022 Australia’s resource and energy export earnings are forecast to reach A$379-billion in 2021–22 as demand for coal and gas surges in the face of a global energy shortage, the December edition of the Resources and Energy Quarterly (REQ) found. The 2021-22 prediction was up from the A$310-billion... 

Woodside studies hydrogen links with Singapore and Japan

By: Esmarie Iannucci     4th January 2022 Oil and gas major Woodside in December announced a collaboration with a number of partners to study the feasibility of a long-term, stable supply chain of sustainable Liquid Hydrogen (LH2) from Western Australia to Singapore and potentially Japan. The company inked a memorandum of understanding... 

Federal Court backs Betaloo developments

By: Esmarie Iannucci     4th January 2022 The Australian Federal Court in late December rejected a legal challenge that would have jeopardised a major resources project in the Northern Territory. The Environment Centre of the Northern Territory lodged an application to the Federal Court on July 28 to have the Beetaloo coopeative... 

Fitch Solutions lowers gas spot price forecast

By: Marleny Arnoldi     3rd January 2022 Fitch Solutions lowers gas spot price forecast Research agency Fitch Solutions has lowered its natural gas spot price forecast from $3.90/million British Thermal Unit (MBTU) to $3.70/MBTU, following a sharper than expected decline in prices in the fourth quarter of 2021. 

US lawmaker introduces bill to eliminate carbon credits for oil recovery

By: Reuters     14th December 2021 California lawmaker Ro Khanna introduced a bill into the US House of Representatives on Monday that would prevent investors from securing carbon capture and sequestration tax credits if the carbon is used to boost oil production. The bill has little chance of being adopted into law, but reflects... 

Woodside taps new CFO

By: Esmarie Iannucci     14th December 2021 Oil and gas major Woodside has appointed Graham Tiver as CFO and executive VP, following the resignation of Sherry Duhe, who joined gold miner Newcrest Mining. Joining Woodside from diversified miner BHP, Tiver previously held the role of group financial controller with responsibility for BHP’s... 

Senex and POSCO strike a deal

By: Esmarie Iannucci     13th December 2021 ASX-listed Senex Energy has entered into a binding scheme implementation agreement (SIA) with Korean suitor POSCO International Corporation, under which POSCO was offering A$4.60 a share for each Senex share held. The Senex board has unanimously recommended that shareholders vote in favour of... 

Santos appoints new CFO post merger

By: Esmarie Iannucci     13th December 2021 Oil and gas major Santos has announced the appointment of Anthea McKinnell as CFO from January 1, replacing Anthony Neilson who has held the role since December 2016. Neilson will stay with the company as chief commercial officer initially based in Sydney, where he will play a key role in... 

Commodity prices to edge lower in 2022 – Fitch Solutions

By: Marleny Arnoldi     10th December 2021 Research agency Fitch Solutions Country Risk & Industry Research expects commodity prices to ease in 2022, from current levels, and forecasts that most commodity prices will average lower year-on-year. This is on the back of improving supply and slowing demand; however, commodity prices will... 

Santos and Oil Search merger become effective

By: Esmarie Iannucci     10th December 2021 The merger between ASX-listed Santos and fellow listed Oil Search became effective on Friday, following shareholder and court approvals. Oil Search shareholders will receive 0.6275 new Santos shares for each Oil Search share held on the record date of December 14. The company’s shares would... 

Woodside reveals 2020 taxes

By: Esmarie Iannucci     10th December 2021 Energy producer Woodside Energy on Friday revealed Australian corporate income tax of A$454-million from a combined income of A$3.1-billion in the 2020 financial year, for its three corporate entities. In 2020, Woodside paid A$473-million in Australian corporate income tax and a further... 

'Special apartheid': Mantashe accuses anti-Shell lobby of 'oppressing' development  

By: News24Wire      9th December 2021 Mineral Resources and Energy Minister Gwede Mantashe has condemned "unrelenting attacks" on oil and gas development in South Africa, which appear designed to thwart economic growth and deepen unemployment in the country. "Africa deserves an equal chance to develop its economies on the strength of... 

Mineral Resources and Energy Minister Gwede Mantashe
Mineral Resources and Energy Minister Gwede Mantashe

Leading mining companies commit to contract transparency 

By: Martin Creamer     9th December 2021 Members of the International Council on Mining and Metals (ICMM) on Thursday announced their commitment to disclose all mineral development contracts from the start of January this year, wherever they operate, marking a significant step by about a third of the global mining and metals industry to... 

Picture supplied.
ICMM CEO Rohitesh Dhawan

PNG Court approves Santos/Oil Search deal

By: Esmarie Iannucci     9th December 2021 The Papua New Guinea (PNG) National Court has approved the merger between ASX-listed Santos and fellow listed Oil Search. Oil Search on Thursday told shareholders that the company would lodge a certified copy of the orders with the PNG Registrar of Companies on December 10, at which time the... 

ConocoPhillips halts $2.12bn APLNG deal

By: Esmarie Iannucci     9th December 2021 Energy major ConocoPhillips has exercised its pre-emptive rights in relation to ASX-listed Origin’s sale of a 10% interest in the Australia Pacific liquefied natural gas (LNG) project. Origin in October announced struck a $2.12-billion agreement with global energy investor EIG to sell a 10%... 

Image shows an LNG container at the APLNG docks

Santos puts ink to paper on Barossa deal

By: Esmarie Iannucci     9th December 2021 Oil and gas major Santos this week signed a binding sale and purchase agreement (SPA) to sell a 12.5% interest in the Barossa project to an Australian subsidiary of project partner JERA. The two companies last year inked a letter of intent that would allow JERA add to its portfolio. 

Woodside to team up with Viva in Geelong

By: Esmarie Iannucci     9th December 2021 Oil and gas major Woodside has entered into a memorandum of understanding (MoU) with energy company Viva Energy to progress discussions on capacity rights at Viva Energy’s proposed liquefied natural gas (LNG) regasification terminal in Geelong, Victoria. Woodside said on Thursday that the MoU... 

Platinum demand from electrolysers likely to be between one- and two-million ounces over next 15 years

By: Simone Liedtke     8th December 2021 Electrolyser markets could grow from almost nothing today to one quarter of 1 TW by 2030, and over 3 TW by 2050, to meet the demand for fossil-fuel free green hydrogen, according to a recent Hydrogen Council report by the World Platinum Investment Council (WPIC). The electrolysis of water is a... 

Pic of electrolyser stacks

Top US shale producer worries oil prices could run too hot

By: Reuters     8th December 2021 Scott Sheffield, the chief executive of top US shale producer Pioneer Natural Resources, on Tuesday said he worries oil prices could get too high and further roil markets after years underinvestment in the sector. “I’m worried that it may get too high, above $100 (per barrel)," Sheffield said in... 

Santos/Oil Search deal clears another hurdle

By: Esmarie Iannucci     8th December 2021 The Independent Consumer and Competition Commission (ICCC) of Papua New Guinea (PNG) has approved the merger between oil produces Santos and Oil Search. The ICCC approval follows a day after Oil Search shareholders approved the merger with ASX-listed Santos, which will create a A$21-billion oil... 

Natural gas essential for net zero - report

By: Esmarie Iannucci     8th December 2021 A report commissioned by the Australian Gas Industry Trust (AGIT) has confirmed that natural gas would have a significant role to play in a cleaner energy economy as Australia moved towards a net-zero future. The report, undertaken by Frontier Economics, reinforced the value of flexible and... 

Woodside sets $5bn budget for new energy projects

By: Esmarie Iannucci     8th December 2021 Oil and gas major Woodside on Wednesday announced that it would invest some $5-billion in emerging new energy markets by 2030. Speaking to investors, CEO Meg O’Neill said liquefied natural gas (LNG) will remain an important part of the energy mix in the region for decades to come, both as a... 

Image shows the parts of the Pluto LNG plant

Woodside takes hydrogen drive to the US

By: Esmarie Iannucci     7th December 2021 Australian energy major Woodside Energy on Tuesday unveiled plans to expand its portfolio of hydrogen production opportunities to the US, with the aim of starting production in 2025. The company told shareholders that it had secured land in Oklahoma for the future development of a modular... 

Govt releases offshore acreage for CCS and exploration

By: Esmarie Iannucci     7th December 2021 Five new areas in Commonwealth waters have been made available for the exploration of greenhouse gas storage opportunities. Federal Resources Minister Keith Pitt said the bidding round opened for the 2021 Offshore Greenhouse Gas Storage Acreage Release, which is centred around prospective... 

Santos/Oil Search deal gets shareholder approval

By: Esmarie Iannucci     7th December 2021 The shareholders of ASX-listed Oil Search have backed a merger with fellow-listed Santos, with 95.07% of votes cast at the company’s shareholder meeting, being in favour of the transaction. The two companies in August announced a potential merger to create a A$21-billionoil and gas giant, under... 

Image shows the outside of the Australian Stock Exchange building, in Sydney

APA plans for hydrogen in Victorian grid

By: Esmarie Iannucci     6th December 2021 Energy infrastructure business APA Group has unveiled plans to introduce hydrogen into the Victorian gas transmission system. The company on Monday said that it would safely blend hydrogen as part of its Victorian Transmission System access agreement submission to the Australian Energy Regulator... 

WA releases strategies to reduce emissions

By: Esmarie Iannucci     2nd December 2021 The Australian Petroleum Production and Exploration Association (Appea) on Thursday said that its members in Western Australia were committed to a cleaner energy future and will continue to work closely with the state government  on measures that reduce greenhouse gas emissions in line with... 

New code of conduct established for Australian gas

By: Esmarie Iannucci     1st December 2021 Australian gas suppliers and users have finalised a new voluntary Code of Conduct that will help ensure that the market is operating fairly and in the best interests of all participants, helping users to get the best deal. The finalisation of the voluntary Code to support the negotiation of gas... 

Aus emissions continue to fall - report

By: Esmarie Iannucci     30th November 2021 Australian emissions reportedly fell by 2.1% in the financial year ended June, to some 498.9-million tonnes, compared with the previous financial year. The quarterly update of Australia’s National Greenhouse Gas Inventory showed that Australia’s greenhouse gas emissions are now at 20.4% below... 

Image shows smoke stacks and a setting sun

Senex extends deadline with POSCO

By: Esmarie Iannucci     29th November 2021 Takeover target Senex Energy has granted suitor POSCO International Corporation a two-week extension to the exclusivity period of their negotiations, which is now scheduled to conclude on December 10. POSCO has requested the extension to allow the company additional time to obtain the necessary... 

National Gas Infrastructure Plan unveiled for first time

By: Esmarie Iannucci     29th November 2021 The federal government has released the first full National Gas Infrastructure Plan (NGIP) and the Future Gas Infrastructure Investment Framework to help secure Australia’s gas supplies over the next 20 years. As part of the government’s gas-led recovery, the NGIP sets out a long-term... 

Image shows an LNG plant

Beach faces class action from shareholder

By: Esmarie Iannucci     26th November 2021 Oil and gas producer Beach Energy is facing a shareholder class action. The company this week confirmed that it had been served with group proceedings filed in the Supreme Court of Victoria, which name Beach as the defendant. 

Image shows an ASX tradings board

Appea welcomes QRIDP

By: Esmarie Iannucci     25th November 2021 The Australian Petroleum Production and Exploration Association (Appea) has welcomed the draft Queensland Resources Industry Development Plan (QRIDP), saying it highlighted the importance of the natural gas industry to the Queensland economy. The QRIDP identifies the biggest global trends... 

Tamboran raises A$35m for oil exploration

By: Esmarie Iannucci     23rd November 2021 Junior Tamboran Resources will raise A$35-million through a private placement, including a A$20-million placement to strategic US investor Bryan Sheffield. The ASX-listed Tamboran on Tuesday said that it had placed some 94.4-million shares, at a price of 37c each, representing a 3% discount to... 

Support rolls in for Scarborough development

By: Esmarie Iannucci     23rd November 2021 Support has flooded in for oil and gas major Woodside’s decision to develop the $12-billion Scarborough and Pluto Train 2 liquefied natural gas (LNG) projects. Woodside and mining major BHP on Monday took a final investment decision on the Scarborough development which will include new domestic... 

Image shows the Pluto LNG plant

Woodside/BHP deal inked, $12bn Scarborough approved

By: Esmarie Iannucci     22nd November 2021 Mining major BHP and oil and gas producer Woodside Energy have taken a final investment decision on the $12-billion Scarborough and Pluto Train 2 developments, and have formally inked a binding share sale agreement that would see Woodside acquire the entire share capital of BHP Petroleum... 

Image shows two hands shaking

Zambia's pledges to investors, mining employment and Andrew Forrest make headlines   

19th November 2021 Mining Weekly Editor Martin Creamer unpacks Zambia’s pledges around green energy and copper as it seeks to attract investment; mining graduates should expect to be unemployed from the age of 40; and green hydrogen activist Andrew Forrest had some strong opinions about oil and gas in a recent... 

Photo of Martin Creamer
Zambia's pledges to investors, mining employment and Andrew Forrest make headlines
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