European gas prices slump as risk of Australian strike recedes
With inventories nearly full well before the start of the heating season and industrial demand subdued, the continent for now remains well supplied.
Australasia
Oil and Gas Australasia
Inpex, Total secure more gas for Ichthys exports
"This acquisition is also supported by the efforts undertaken with Inpex in the Bonaparte CCS Assessment joint venture to appraise the area’s potential for geological storage of CO2, in order to abate CO2 emissions from the Ichthys LNG project.”
Australian union flags safety concerns at Woodside platform
The OA said Woodside should be held to account for “running their facilities and their workforce into the ground. Clean your act up Woodside as the health and safety of our members and your 'Licence to Operate' depends on it.”
Wood wins Woodside extension, FEED work
Woodside also awarded Wood front-end engineering and design (FEED) work for the Goodwyn Alpha Low-Low Pressure project, off Western Australia.
Contractor woes at Waitsia drive Beach changes
Beach Energy has appointed a new CEO, Brett Woods, as it faces the fallout from challenges at its Waitsia project.
Australia’s Santos reports $2.5bn profit surge from higher oil and gas prices
Santos (ASX:STO) today announced its full-year results for 2022, reporting record free cash flow of US$3.6 billion and underlying profit jumping 160% to US$2.5 billion. The results reflect significantly higher oil and LNG prices compared to 2021, due to stronger global energy demand, combined with a higher interest in PNG LNG following its merger with Oil Search.
All Australasia Posts
PTTEP agrees $127m Montara oil spill settlement
Thailand’s PTT Exploration & Production (PTTEP) has concluded an out of court settlement with Indonesian seaweed farmers after agreeing to pay A$192.5 million (US$127.4 million) in compensation for the oil spill that resulted from the 2009 Montara blowout offshore Australia.
Jadestone’s Montara FPSO remains shutdown, restart uncertain
UK-listed Jadestone Energy (LON:JSE) has reported that the start-up of the company’s Montara Venture floating production storage and offloading (FPSO) vessel remains uncertain following oil leaks offshore Australia.
Offshore LNG solution eyed for big Australia gas field
Buru Energy has hired Transborders Energy to study an innovative offshore LNG solution to export gas and condensate from its large Rafael discovery in the Canning basin onshore Australia.
Chevron seeks to bury Asia’s emissions in Australia
Chevron (NYSE:CVX) is studying plans to sell greenhouse gas storage space in Australian underground reservoirs to polluters across Asia.
Australia studies gas price cap to tame soaring energy costs
Australia’s government is considering action including a possible cap on the price gas producers can sell into the domestic market amid efforts to tame surging energy costs.
OMV and Jadestone terminate intended divestment of OMV’s stake in Maari field
In 2019, OMV announced the intended divestment of its 69 % interest in the Maari field offshore New Zealand to Jadestone Energy (LON:JSE). After ongoing engagement with Jadestone Energy, a mutual decision has been made to no longer pursue the transaction, the pair said Thursday.
DOF Subsea Australia convicted of ‘negligently breaching’ health and safety duties during diving operations
Following a lengthy trial, DOF Subsea Australia (DOF) have been convicted in the Magistrates Court of Western Australia of three counts of an employer negligently breaching its health and safety duties under the Offshore Petroleum and Greenhouse Gas Storage Act 2006, reported the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) on Tuesday.
Woodside teams up with US carbon capture company LanzaTech
Woodside Energy and LanzaTech, a US-based carbon capture and transformation company, have announced a strategic collaboration after signing a deal.
Australia joins pledge to cut methane emissions 30% by 2030
Australia joined the Global Methane Pledge, becoming one of the last major developed economies to sign on to an effort to reduce emissions of the potent greenhouse gas 30% from 2020 levels by the end of this decade.
More Australian LNG needed for Asia’s energy transition
Citing a recent report from the International Energy Agency (IEA), the Australian Petroleum Production & Exploration Association (APPEA), notes that Australian exports of liquefied natural gas (LNG) to Asia would need to triple to support the region’s energy transition.
Woodside reports record sales, ups guidance
Australia’s largest oil and gas producer Woodside Energy (ASX:WDS) reported record output and sales in the third quarter on the back of stronger natural gas prices and the completion of its merger with BHP’s petroleum business.
MidOcean snaps up Tokyo Gas’ Australian LNG stakes
EIG-backed MidOcean Energy has struck a deal to buy Tokyo Gas’ stakes in four Australian LNG projects, for $2.15 billion in cash.
Petrofac hires ship for Northern Endeavour FPSO gig
Akastor subsidiary DDW Offshore has been awarded a firm one-year contract by Petrofac for the AHTS vessel Skandi Atlantic. The AHTS will support the disconnection of the FPSO Northern Endeavour together with towing and well isolations work in the Laminaria Corallina oil fields in the West Timor Sea.
Santos’ Barossa could face two year delay leaving Darwin LNG empty
The development of the Santos-led (ASX:STO) Barossa gas project offshore Australia that will backfill the Darwin liquefied natural gas (LNG) export plant could be delayed by up to two years after a Federal Court ordered the operator to stop drilling at the US$3.6 billion project on 21 September.
Court orders Santos to stop drilling at $3.6bn Barossa gas project
Santos has been ordered to stop drilling at its $3.6 billion Barossa gas project off northern Australia by a Federal Court following a successful challenge from an indigenous group against environmental approvals for drilling and completion activities.
Origin sells promising shale gas patch in Australia as climate pressures rise
Origin Energy will sell its interests in Australia’s Northern Territory Beetaloo basin - where expectations are high that the area could be on par with shale gas plays in North America – in a A$60 million (US$40.3 million) deal with Tamboran (B1), a joint venture owned by Tamboran Resources (ASK:TBN) and US oil and gas billionaire Bryan Sheffield.
Structural integrity of Jadestone’s Montara FPSO questioned by Australia’s regulator after oil spills
Jadestone Energy (LON:JSE) has been slapped with two directives from Australia’s offshore energy regulator as worries rise about the structural integrity of the company’s Montara floating production storage and offloading (FPSO) vessel following two oil leaks.
China’s ENN pulls plug on Santos shareholding
Santos (ASX:STO) today confirmed that China’s ENN has ceased to be a substantial shareholder in the Australian-listed oil and gas producer.
Chevron confirms Australia CCS acreage win
US giant Chevron (NYSE:CVX) has confirmed that it has been granted stakes in three permits to potentially access carbon storage offshore Australia.
Australia’s first climate law since 2011 seals green comeback
Australia passed its first major climate legislation in more than a decade to set legally-binding targets to deepen emissions curbs, sealing the key polluter’s return as a force in global action on planetary warming.
Australia moves to allay Japan’s fear it will cut gas supply
Australia says it’s doing what it can to ensure supplies of liquefied natural gas (LNG) to Asian customers will remain reliable, in response to concerns producers could be forced to redirect to relieve domestic shortfalls.
Woodside signs up for Commonwealth’s US LNG
Australia’s Woodside Energy (ASX:WDS) will take up to 2.5 million tonnes per year of liquefied natural gas (LNG) exports from Commonwealth’s LNG export facility under development in Cameron Parish, Louisiana, after confirming a 20-year deal.
Santos and Chevron win Australia CCS permits and commit $136m
Australia’s Santos (ASX:STO) and US giant Chevron (NYSE:CVX) have committed to spending around A$200 million (US$136 million) to assess the geological potential for carbon capture and storage (CCS) projects offshore Australia after winning two greenhouse gas (GHG) acreage permits.
Woodside-led venture, including BP, Shell, and Chevron, win Australia CCS permit
A Woodside-led (ASX:WDS) joint venture that includes BP (LON:BP), Shell (LON:SHEL), Chevron (NYSE:CVX), as well as Japan’s Mitsubishi and Mitsui, have been awarded greenhouse gas (GHG) permit G-10-AP in the northern Carnarvon basin offshore Western Australia, as they pursue a potential CCS project.
Barossa FPSO for Darwin LNG backfill is 40% finished says BW Offshore
The floating storage production and offloading (FPSO) unit for the Santos-led (ASX:STO) Barossa gas and condensate project – that will backfill the Darwin LNG export plant - offshore northern Australia is 40% finished as of July.