Might makes for LNG opportunities
Pandemic-driven lockdowns have taken their toll on small companies in every sector, while larger companies can take a longer view on matters, including in the LNG sector.
Australasia
Helicopter operators Bristow, Era complete merger
Helicopter operators Bristow Group and Era have finalised their merger.
Australia looks to Big Oil in latest plan to curb emissions
Australia is seeking to cut emissions in one of the world’s biggest per-capita polluters by encouraging oil firms including Chevron Corp. and Woodside Petroleum Ltd. to invest in carbon-reduction projects.
Supply chain threatened with collapse, Woodmac warns
The upstream supply chain “faces the very real threat of collapse”, a new report from Wood Mackenzie has warned, setting the industry on the path of another crisis as demand recovers.
Asia Pacific M&A shake-up on the horizon
More assets are expected to hit the market across Asia Pacific this year following the sustained drop in global oil prices and the COVID-19 pandemic, which has destroyed energy demand growth as economic activity contracts.
PNG-focused Oil Search is a takeover target
Despite a recently announced planned capital raising, Australian-listed Oil Search, which has major stakes in Papua New Guinea’s emerging LNG sector, is a prime takeover target, as mergers become more likely in a low oil price world.
Despite Woodside cuts, Sangomar continues
Woodside Petroleum has slashed its spending this year by 50%, to around $2.4 billion, but Senegal’s Sangomar development should progress as planned.
Equinor drops Australia oil plan in win for green activists
Equinor ASA has dropped plans for oil drilling deep in the ocean off Australia’s south coast following a sustained campaign from environmentalists who said the project posed too big a risk to the vast and unique marine ecosystem.
PNG plays hardball with ExxonMobil over LNG expansion
ExxonMobil’s PNG LNG expansion project risks being delayed several years after the government of Papua New Guinea rejected the US major’s proposed terms for the P’nyang field development.
Worley chief to retire, replacement named
Energy service firm Worley said today that its chief executive, Andrew Wood, will retire later this month after 26 years with the firm, including seven at the helm.
Wood ties up £100m contract extension with Melbourne Water
Energy services giant Wood has secured a £100 million, three-year contract extension to provide maintenance on Melbourne's water infrastructure.
Zenith set to build on impressive year of growth
Well engineering firm Zenith Energy is expecting an even better year ahead after UK office turnover soared by 80% during 2019.
Australian LNG to beat out Qatar in 2019
Australian LNG exports will rise to 81 million tonnes in 2019-20, according to the country’s new Resources and Energy Quarterly (REQ), although the value of these will decline.
Chevron buys Australia’s Puma Energy for nearly $300m
U.S. energy giant Chevron will buy Australia's Puma Energy for about $292 million to provide more fuel distribution support in the Asia-Pacific region.
Asia Pacific upstream M&A set to accelerate
Southeast Asia and Australia are set to take centre stage in the region’s upstream M&A activity as private equity companies sense a value opportunity.
Woodside urges UK business to Western Australia ahead of £20bn project
Aberdeen’s energy sector has been urged to invest in Western Australia as the country’s largest producer of natural gas embarks on a mammoth £20bn project.
Jadestone strikes $50m deal for New Zealand oilfields
Singapore-based Jadestone Energy has struck a deal to buy 69% of the Maari project offshore New Zealand from Austrian firm OMV for $50 million.
Iberdrola targets Asia-Pacific growth with foray into Australia
Spain’s Iberdrola SA has selected a site for its first project in the Asia-Pacific region, as Europe’s biggest renewable generator looks to expand beyond its core markets.
LNG comes through for Shell and Total
While low LNG spot prices have taken their toll, the Europe’s two major players in the sector, Total and Shell, performed strongly in the third quarter.
Modec to supply FPSO for ConocoPhillips’ Barossa field
Japanese firm Modec will supply the floating production, storage and offloading (FPSO) vessel for ConocoPhillips' Barossa field, offshore Australia.
Oil Search cuts spending on LNG FEED delays
Oil Search’s LNG project in Papua New Guinea continued strongly in the third quarter but progress on a new three-train liquefaction plan is moving more slowly than had been expected.
Woodside propels Scarborough ahead
Woodside Energy is pushing ahead with its Scarborough plan, even while the final investment decision (FID) for Browse has been pushed back to the first half of 2021.
Santos ups stake in Darwin LNG
Santos Energy has set out a deal to buy Australian gas assets, in the Northern Territory (NT), from ConocoPhillips for $1.39 billion.
Equinor picks up exploration acreage near Dorado discovery off Australia
Norwegian energy giant Equinor has picked up exploration acreage off Western Australia.
Transborders signs up MOL to FLNG plan
Australia’s Transborders Energy has signed up to a joint study agreement with Mitsui OSK Lines (MOL) on floating LNG (FLNG).