LNG

Santos is set to boost its presence in Papua New Guinea by acquiring the P’nyang natural gas field from the existing licence participants for $US187 million ($271 million).

Woodside Petroleum chief executive officer Peter Coleman has conceded that the company will find it difficult to reduce emissions.

Government reporting from the Australian Bureau of Statistics (ABS) and Geoscience Australia (GA) have pointed to a resources and energy sector in good health following on from a record $248 billion in exports in 2018.

Monadelphous has been granted a construction works contract worth $108 million at BHP’s South Flank iron ore project in the Pilbara, Western Australia.

CIMIC Group has won a $90 million contract with Australia Pacific LNG to deliver over 300 coal seam gas wells in the Surat Basin, Queensland.

Communications provider Swift Networks has won multiple extensions, expansion and new contracts covering several sites in the resources industry.

Australian LNG export revenue last year has risen 67.8 per cent to $43.3 billion on 2017, making LNG the country’s third largest export in 2018 after coal and iron ore, energy advisory firm EnergyQuest Australia reported.

Black coal mining has been predicted by IBISWorld to be one of the Australian industries that will experience a decline in revenues this year as market conditions turn.

The Port of Gladstone in Queensland exported 20.58 million tonnes of LNG exports in 2018, resulting in a new annual record.

South Korea-based Epik has signed an agreement with Port of Newcastle to develop an LNG floating storage and regasification unit (FSRU) import terminal.

Rio Tinto has completed a wharf and land sale to joint venture group LNG Canada for $576 million.

New figures from the Australian Bureau of Statistics (ABS) have reported that the mining industry contributed 8.8 per cent of Australia’s gross value in 2017–18, a figure around 87 per cent higher than 1994–95 levels (4.7 per cent).

INPEX Corp’s first cargo of liquefied natural gas (LNG) from the Ichthys LNG project has departed from its onshore gas liquefaction plant in Darwin, Northern Territory.

Shell’s QGC onshore gas venture in Queensland has announced a significant expansion that will secure up to 350 jobs over the next two years.

Woodside has selected Bechtel as its execution contractor for the expansion of the Pluto LNG facility offshore Western Australia.

SRG Global has secured a four-year contract to provide equipment to Woodside Petroleum’s North West Shelf project and gas facilities in Western Australia.

Diggers & Dealers Mining Forum chairman Nick Giorgetta believes mining’s skills shortage is just years away from being at crisis levels if more Australians aren’t attracted to the industry.

The ExxonMobil-operated PNG LNG project in Papua New Guinea is to supply liquefied natural gas (LNG) to Hong Kong-based PetroChina for a three-year period.

Woodside Petroleum chief executive officer Peter Coleman has cited the start of liquefied natural gas (LNG) production from Wheatstone Train 2 in Western Australia as its June quarter highlight.

Australian liquefied natural gas (LNG) exports have surged by 18.5 per cent to 59.7 million tonnes (Mt) in the 2017–18 financial year, a year-over-year (YoY) gain of 9.3Mt.