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.
Australasia
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).
ExxonMobil puts offshore Australian assets up for sale along with other regions
Exxon Mobil is putting some of its offshore Australian assets up for sale as it continues to consider selling off many of its mature offshore assets around the world - from the Gulf of Mexico to the North Sea.
Uniper lines up for Woodside’s Scarborough supplies
Australia’s Woodside Energy has signed a preliminary deal on supply LNG to Uniper Global Commodities.
Partners sought to saddle up on Equus
Australia’s Western Gas is seeking partners to bring its Equus LNG project into production by 2024. The company has a plan for gas from the offshore Equus fields to be transported, via a 160 km pipeline, to a floating LNG (FLNG) facility near the shore.
Total concessions win PNG approval
Papua New Guinea (PNG) has approved Total to proceed with the Papua gas project – but subsequent projects will be carried out under a new system.
Shell sued by Australian tax office over Browse stake, report says
Royal Dutch Shell Plc has been sued by Australia’s tax authority as the agency pursues multinational companies over tax avoidance, the Guardian reported.
Shell dives into Australian power market with $418m ERM bid
Royal Dutch Shell Plc has taken the plunge into Australia’s energy market with a $418 million deal to buy ERM Power Ltd., the nation’s second-largest electricity retailer to commercial and industrial customers, as it drives toward a goal to become the world’s top power producer by 2030.
McDermott, BHGE win Ichthys subsea deals
US energy services giants McDermott and Baker Hughes GE have been awarded contracts for the Inpex-operated Ichthys LNG project off Western Australia.
VIDEO: Yoga on board the world’s largest offshore vessel
Yoga on the helideck is just one of the ways workers pass their free time on the largest offshore vessel ever constructed.
Xodus Group to buy Australian environmental support firm
Energy consultancy Xodus Group has agreed to buy Green Light Environmental, based in Perth, WA, as part of its plans to expand in the Asia Pacific region.
Shell ships first LNG from world’s largest offshore facility Prelude
Shell has shipped the first LNG cargo from Prelude, the world’s largest offshore facility ever constructed.
WATCH: Australian coastguard carries out medevac from oil tanker
Footage has been released of a medical evacuation from a 250metre oil tanker.
Total signs agreement on $13bn Papau New Guinea LNG project
Total has reached an agreement with the government of Papau New Guinea allowing work to begin on a $13bn (£9.9bn) project to roughly double the country’s energy exports.
Aker gets subsea gig with Chevron off Australia
Aker Solutions will support the delivery of a subsea compression system for Chevron's Jansz-Io field offshore Australia.
Warrego shareholders get behind Petrel takeover
Shareholders of Aberdeen-based Warrego Energy have unanimously approved the firm's acquisition by Australia's Petrel Energy in a reverse takeover.