LNG

Woodside Petroleum has been impacted by an extension to planned maintenance at the Pluto liquefied natural gas (LNG) facility offshore Western Australia and lower-than-expected market prices.

Australia’s liquified natural gas (LNG) sector is worth $50 billion as exports climbed 21 per cent in the 2019 financial year.

Recent reports indicate that the mining sector across the Central Queensland region is experiencing significant growth. This is great news for commercial industries, local businesses and communities as a whole. And it’s not just the mining and infrastructure sectors that are undergoing such encouraging progress. Agriculture and tourism are two other industries that are on the move.

The Australian Petroleum Production and Exploration Association (APPEA) plans to work closely with the Australian Government on any proposed gas market reforms.

Queensland has broken another export record, having earnt $70 billion over the last 12 months for the first time according to the Australian Bureau of Statistics.

The Australian Government’s outlook for commodities export earnings has attracted excited analysis as iron ore prices continue to ascend.

The Australian Government expects commodity export earnings to peak a year later than expected due to a swing in the global iron ore price and a slight weakened exchange rate against the United States dollar.

Anadarko Petroleum and its joint venture partners have made a final investment decision (FID) in favour of its $US20 billion ($29 billion) Mozambique LNG project.

Adaman Resources will power its Kirkalocka gold mine with liquefied natural gas (LNG) supplied by Wesfarmers subsidiary Evol LNG thanks to a new arrangement between the companies.

Shell’s first shipment of liquified natural gas (LNG) from the Prelude floating LNG facility offshore Western Australia has set sail.

Woodside Energy has extended the gas turnaround at its Pluto LNG facility in Western Australia, with restart of production now targeted for the end of June.

The Queensland Government has increased the rate of royalty taxes on petroleum by 25 per cent as part of its 2019 state budget.

Santos managing director and chief executive officer Kevin Gallagher claims the proposed Narrabri coal seam gas (CSG) project could fill an important niche for the domestic gas market on the east coast of Australia.

Liquified natural gas (LNG) now dominates Australia’s petroleum production due to high demand from Asia, according to energy advisory firm EnergyQuest.

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.